MIRA
INFORM REPORT
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Report Date : |
09.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
PUNJAB CROCKERY HOUSE PRIVATE LIMITED |
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Registered Office : |
5-9-22/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.04.1995 |
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Com. Reg. No.: |
01-20044 |
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CIN No.: [Company
Identification No.] |
U52331AP1995PTC020044 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEP07679A |
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PAN No.: [Permanent
Account No.] |
AAACP4416C |
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Legal Form : |
Subject is a private limited liability company |
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Line of Business : |
Trader and Dealer of Glassware, Crockery, Cutlery,
Electronics, Electrical & Home Appliances. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Directors are reported as
experienced and respectable businessmen.
Trade relations are reported as fair.
Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
5-9-22/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh, India. |
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Tel. No.: |
91-40-23234845 / 23240490 |
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Fax No.: |
91-40-23240489 |
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E-Mail : |
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Corporate Office : |
5-9-115/A, Kanchanjunga Complex, Gunfoundry, Hyderabad – 500001, Andhra Pradesh, India |
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Tel. No.: |
91-40-23240489/ 90/ 93 |
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Fax No.: |
91-40-23240489 |
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E-Mail : |
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Show Room: |
¯ 5-9-232, Opposite Gramer Scchool, Abidroad, Hydrabad – 500001, Andhra Pradesh, India Tel. No. 91-40-23203674, 23203962 ¯ PCHE Zone 16-2-674/2, Spectrum Square, Malakpet, Hyderabad – 500036, Andhra Pradesh, India. Tel. No. 91-40-24540567, 24550013, 24551408
¯ 10-3-305/A, Near NMDC, Masabtank Road, Humayunnagar, Hyderabad – 500028, Andhra Pradesh. Tel. No. 91-40-23593282, 23593283
¯ 6-3-648, Padmaja Land Mark, Adj. RTA Office, Somajiguda, Hyderabad- 500082, Andhra Pradesh, India. Tel. No. 91-40-23374044, 23374045/ 46 |
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Branches : |
29-02-50, Ram Mandiram Street, Governorpet, Vijayawada – 520001, Andhra Pradesh, India. |
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Tel. No.: |
91-866-2432558 |
DIRECTORS
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Name : |
Mr. Sardar Huzur Singh |
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Designation : |
Chairman |
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Address : |
5-9-22/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh |
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Date of Birth/Age : |
15.11.1928 |
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Date of Appointment : |
19.04.1995 |
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Name : |
Mr. Sardar Sutinder Singh |
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Designation : |
Director |
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Address : |
5-9-22/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh |
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Date of Birth/Age : |
17.09.159 |
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Date of Appointment : |
19.04.1995 |
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Name : |
Mr. Sardar Balwinder Singh |
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Designation : |
Director |
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Address : |
5-9-22/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh |
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Date of Birth/Age : |
31.03.1969 |
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Date of Appointment : |
19.04.1995 |
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DIN / PAN No. : |
00709135 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Huzur Singh |
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127000 |
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Mr. Sutinder Singh |
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1000 |
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Mr. Balvinder Singh |
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151000 |
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Mrs. Komal S. Singh |
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150000 |
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Mrs. Baljeet Kaur |
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10 |
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Mr. Manjeet Singh |
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10 |
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Mr. Gurjeet Singh |
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46 |
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Mr. Choitram Menghani |
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1 |
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Ms. Maya H. |
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1 |
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Mr. Harish M. Mirchandani |
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1 |
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Jairamdas Bajaj & Sons |
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1 |
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Vishin Das & Company |
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1 |
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Lakshmi Narayana & Company |
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1 |
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Mr. Vasudev L. |
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1 |
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Ms. Payal P. Shah |
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1 |
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Mr. Suresh R. Hiranandani |
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1 |
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Ms. Radha Krishna Rochiram |
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1 |
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Mr. Khushboo A. Kripalani |
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1 |
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Ms. Nirmala Nagpal |
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1 |
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Ms. Heena B. Parekh |
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1 |
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Mr. Laxman Lalchandani |
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1 |
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Ms. Leelavathi M. |
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1 |
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Mr. Assandas K. M. |
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1 |
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Mr. Narain A. |
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1 |
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Mr. Hiru N. |
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1 |
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Ms. Veena P. Sachdev |
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1 |
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Ms. Malati Rudrangi |
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1 |
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Mr. Ashok B. Datwani |
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1 |
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Ms. Mona A. Datwani |
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1 |
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Parsram & Sons |
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1 |
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Peekay Enterprises |
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1 |
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Ms. Ritu M N |
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1 |
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Mumabai V N |
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1 |
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Ms. Mamta H N |
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1 |
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Ms. Devi Bai A M |
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1 |
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Manoj & Company |
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1 |
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Ms. Payal Khanna |
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1 |
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Mr. K. Rama Krishna |
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1 |
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Ms. Susheela C. Nagpal |
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1 |
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Ms. Rajnidevi K. Hiranandani |
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1 |
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Mr. Mukesh Bhagwandas |
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1 |
BUSINESS DETAILS
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Line of Business : |
Trader and Dealer of Glassware, Crockery, Cutlery, Electronics, Electrical & Home Appliances. |
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Products : |
Dealer in Crockery Household Products Electronic Appliances |
GENERAL
INFORMATION
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No. of Employees : |
About 25 Persons |
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Bankers : |
Kotak Mahindra Bank Limited 36-38 A Nariman Bhavan, 227, D. Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M. A. Mohiaddin & Company Chartered Accountants |
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Address : |
307, Lenanine Estate Abid Road, Hyderabad – 500001, Andhra
Pradesh, India |
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PAN No.: |
AACFM8792M |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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42910 |
Equity Shares |
Rs. 100/- each |
Rs. 4.291
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.291 |
4.291 |
4.450 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.595 |
1.361 |
1.435 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.886 |
5.652 |
5.885 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
11.938 |
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2] Unsecured Loans |
0.000 |
1.310 |
2.378 |
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TOTAL BORROWING |
0.000 |
1.310 |
14.316 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.094 |
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TOTAL |
5.886 |
6.962 |
20.295 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
2.933 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.052
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2.365 |
0.000
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Sundry Debtors |
6.208
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16.737 |
0.000
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Cash & Bank Balances |
1.171
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3.714 |
0.000
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Other Current Assets |
0.000
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0.000 |
33.756 |
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Loans & Advances |
2.884
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0.328 |
0.769 |
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Total
Current Assets |
14.315
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23.144 |
34.525 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
8.209
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16.031 |
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Provisions |
0.220
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0.152 |
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Total
Current Liabilities |
8.429
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16.183 |
17.181 |
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Net Current Assets |
5.886
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6.961 |
17.343 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.001 |
0.019 |
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TOTAL |
5.886 |
6.962 |
20.295 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2004 |
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Sales Turnover |
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58.352 |
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Other Income |
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0.000 |
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Total Income |
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58.352 |
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Profit/(Loss) Before Tax |
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0.303 |
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Provision for Taxation |
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(0.053) |
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Profit/(Loss) After Tax |
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0.250 |
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Total Expenditure |
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58.049 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
N.A.
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N.A. |
0.428
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Net Profit Margin (PBT/Sales) |
(%) |
N.A.
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N.A. |
0.519
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Return on Total Assets (PBT/Total Assets} |
(%) |
N.A.
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N.A. |
0.809
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Return on Investment (ROI) (PBT/Networth) |
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N.A.
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N.A. |
0.051
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Debt Equity Ratio (Total Liability/Networth) |
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1.43
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3.09 |
2.919
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Current Ratio (Current Asset/Current Liability) |
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1.69
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1.43 |
2.009
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LOCAL AGENCY
FURTHER INFORMATION
FIXED ASSETS:
Air Conditioner
Vehicles
Furniture and Fittings
Fan
Motor Cycle
Computer
Xerox Machines
Cycle
Generator
Van
Auto
Form 8 Particular for
creation or modification of charges
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Corporation identity number or foreign company registrations number
of the company |
U52331AP1995PTC020044 |
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Name of the company |
PUNJAB CROCKERY HOUSE PRIVATE LIMITED |
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Address |
5-9-22/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh |
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This Form is for |
Creation of charge |
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Type of Charges |
Movable property |
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Particular of the charge holder
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CIN No : L99999MH1985PLC038137 Kotak Mahindra Bank Limited 36-38 A Nariman
Bhavan, 227, D. Nariman Point, Mumbai – 400021, Maharashtra, India E-mail : john.fernandes@kotak.com |
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Nature or description of the instrument creating charge |
Deed of hypothecation |
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Date of the instrument creating charge |
18.12.2006 |
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Amount Secure by the charge |
Rs. 47.500 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
As per Bank’s sanction letter dated 11th
September, 2006 Terms of repayment : As per banks sanction
letter dated 11.09.2006 Margin : As per banks sanction letter dated
11.09.2006 Extent and Operation of the charge : First
& exclusive charge by way of mortgages by way of hypothecation of whole
of the borrowers current assets, both present & future in favour of Kotak
Mahindra Bank Limited as security for repayment of financial facility granted
by the bank to the borrower |
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Particulars of the Property charged
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The whole of the borrowers current assets,
both present & future as stated in the first schedule to the deed of
hypothecation |
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 records 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
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Indian Rupees |
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US Dollar |
1 |
Rs. |
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UK Pound |
1 |
Rs. |
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Euro |
1 |
Rs. |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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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 |
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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 |
|
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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