MIRA
INFORM REPORT
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Report Date : |
28.09.2007 |
IDENTIFICATION DETAILS
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Name : |
J C KUNDU AND BROS |
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Registered Office : |
27, Fakir, Chakraborty, Lane, Kolkata - 700 006, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1927 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALJ03305B |
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PAN No.: [Permanent
Account No.] |
AACFJ0957B |
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Legal Form : |
Partnership concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of Castor Oil. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered for normal business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
27, Fakir, Chakraborty, Lane, Kolkata- 700 006, West |
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Tel. No.: |
91-25336368 / 25306928 |
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Fax No.: |
91- 22- 25306928 |
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E-Mail : |
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Websites: |
http://jckundu.tradeinida.com |
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Area: |
400 sq.fts |
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Location: |
Owned |
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Factory/Warehouse/ Branch: |
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Tel. No.: |
91-22-2557 5814 |
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Area : |
5000 sq.fts |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Sabyasachi Kundu |
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Designation : |
Partner |
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Address : |
844-A, Block A, |
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Date of Birth/Age : |
49 Years |
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Qualification : |
B.Com |
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Experience : |
26 Years |
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Name : |
Mr. Anirudha Kundu |
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Designation : |
Partner |
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Address : |
844 - A, Block A, |
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Date of Birth/Age : |
44 Years |
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Qualification : |
M.Com |
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Experience : |
10 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Castor Oil. |
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Products: |
·
Refined Castor Oil
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Commercial Castor Oil ·
B.P. Grade Castor Oil ·
12-Hydroxy Stearic Acid (12-H.S.A.) ·
Hydro-generated Castor Oil. |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS
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Particulars |
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Installed
Capacity |
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Castor Oil and Derivative |
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2000 |
GENERAL INFORMATION
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Suppliers : |
Mainly buying from Local markets |
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Customers : |
Wholesalers, Government Bodies |
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No. of Employees : |
60 |
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Bankers : |
· Indian Bank Address: |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
R D Gupta Chartered Accountants |
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Associates/Subsidiaries : |
·
Address: 64-B, |
CAPITAL STRUCTURE
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Capital Investment : |
NA |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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105.000 |
88.000 |
Expected Sales (2007-08) : Rs. 120.000 millions
LOCAL AGENCY FURTHER INFORMATION
WEBSITES DETAILS:
Castor oil has been used for centuries throughout the world for its anti-microbial and anti-bacterial properties long before it was used in modern pharmaceutical industry. At present, it is used in a number of industries like automobile, aviation, cosmetics, electrical, electronics, manufacturing, pharmaceutical, etc. They, at J.C. Kundu and Bros., are engaged in manufacturing Castor Oils in different variety like Refined Castor Oil, Commercial Castor Oil, B.P. Grade Castor Oil, 12-Hydroxy Stearic Acid (12-H.S.A.) and Hydro-generated Castor Oil. They were established in the year 1925, and now, with more than eighty golden years of jingling experience behind them, they have established their selves as a leading manufacturer and exporter of a wide range of Castor oil products worldwide. They are now an internationally renowned name for their consistent and strict maintenance of quality, efficiency and timely delivery of products.
Within the last eight decades, they have acquired unmatched expertise in their
field, and also a better understanding about the requirements of their clients.
They enjoy a distinct level of confidence among their customers, and they are
now craving for the numero uno position in the industry at an international
level.
They have been engaged in manufacturing a wide variety of
Castor oil serving generations of their clients for years. Always keeping their
selves steps ahead of time and technology, they now offer their clients the
following products-
·
Refined Castor Oil
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Commercial Castor Oil
·
B.P. Grade Castor Oil
·
12-Hydroxy Stearic Acid (12-H.S.A.)
·
Hydro-generated Castor Oil.
Quality
Experience has endowed them with the wisdom- the path which led to success
is smooth enough when quality is the constant company. Since inception till
now, they have always been a landmark in the industry and setting new standards
for industry players is their forte. They have a dedicated quality checking
team comprising of experienced and skilled personnel who keep an eagle's eye at
every step of the production procedure. Their endeavor is always to offer their
clients best possible quality products at affordable price, and, no doubt, it
is the key to their unparalleled success.
Infrastructure
Brick by brick, they have constructed their impeccable infrastructural
base, and established upon it the palace of their success. Their captive
factory is now loaded with all latest and sophisticated machinery available
while their highly skilled and experience rich workforce is their most valuable
asset. Different systematically divided team of experts efficiently handle
varied operations like production, quality checking, research and development,
product deliver etc. and work in close collaboration to offer their clients the
best products at the cheapest rate possible.
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.75 |
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1 |
Rs.80.33 |
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Euro |
1 |
Rs.56.24 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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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46 |
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. |
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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