MIRA
INFORM REPORT
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Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KALYANI MOULD BASE PRIVATE LIMITED |
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Registered Office : |
4/B, Raju Industrial Estate, Near Dahisar Check Naka, P.O.Miraroad,
Thane – 400104, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
17.08.1992 |
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Com. Reg. No.: |
68180 |
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CIN No.: [Company
Identification No.] |
U29295MH1992PTC068180 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK05977G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of high precision mould base. |
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 60000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are fair. Business is active. No complaints have been
heard. The company can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
4/B, Raju Industrial Estate, Near Dahisar Check Naka, P.O.Miraroad,
Thane – 400104, Maharashtra, India. |
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Tel. No.: |
91-22-28456637 / 28454586 / 28455290 |
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Fax No.: |
91-22-28454592 |
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E-Mail : |
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Website : |
www.kalyanimouldbase.com |
DIRECTORS
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Name : |
Mr. Raveendran C. Chathoth House |
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Designation : |
Director |
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Address : |
C/18/6, Jeevan Dharma Chs. Jeevan Bima Nagar, Borivali (West), Mumbai
– 400103, Maharashtra, India. |
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Date of Birth/Age : |
20.05.1966 |
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Date of Appointment : |
17.08.1992 |
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Name : |
Mr. Vasu C. Chathoth House |
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Designation : |
Director |
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Address : |
4, Meghkamal Chs, Holy Cross Road, Borivali (West), Mumbai – 400103,
Maharashtra, India. |
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Date of Birth/Age : |
15.03.1950 |
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Date of Appointment : |
17.08.1992 |
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Name : |
Mr. Prakashan C. Chathoth House |
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Designation : |
Director |
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Address : |
C/18/6, Jeevan Dharma Chs. Jeevan Bima Nagar, Borivali (West), Mumbai
– 400103, Maharashtra, India. |
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Date of Birth/Age : |
21.05.1973 |
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Date of Appointment : |
04.02.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 30.09.2008
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Names of Shareholders |
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No. of Shares |
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Mr. Raveendran C. Chathoth House |
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999 |
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Mr. Vasu C. Chathoth House |
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17001 |
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Mr. Dasan K. Chathoth House |
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1 |
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Ms. Leena B. Chath House |
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100 |
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Mr. Prakashan C. Chath House |
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3000 |
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Mr. Shahji A. Padincharayil |
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10 |
AS ON 31.03.2008
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of high precision mould base. |
PRODUCTION STATUS
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Particulars |
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Unit |
Actual
production |
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Mould base |
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sets |
432 |
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Mould base parts |
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Nos./sets |
962 |
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Scrap |
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Kg |
112100 |
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Hot Roll Plates |
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Kg. |
24765 |
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Alloy Steel Bar |
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Kg. |
1497 |
GENERAL
INFORMATION
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Bankers : |
102, Sagar, Prabhat
Industrial Estate, Before Check Naka,
W.E.Highway,
Dahisar (East), Mumbai – 400068, Maharashtra, India. |
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Facilities : |
Secured Loans As
On 31.03.2008
Unsecured loans
as on 31.03.2008
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Banking
Relations : |
- |
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Auditors : |
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Name : |
R D Gupta and Company Chartered Accountant |
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Address : |
203, Niranjan, 99, Marine Drive, Mumbai – 400002, Maharashtra, India. |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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40000 |
Equity Shares |
Rs. 100/-Each |
Rs.4.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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24000 |
Equity Shares |
Rs. 100/-Each |
Rs. 2.400 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.400 |
2.401 |
2.401 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
7.798 |
5.545 |
4.919 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
10.198 |
7.946 |
7.320 |
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LOAN FUNDS |
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1] Secured Loans |
47.859 |
58.186 |
50.479 |
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2] Unsecured Loans |
0.676 |
1.824 |
0.134 |
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TOTAL BORROWING |
48.535 |
60.010 |
50.613 |
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DEFERRED TAX LIABILITIES |
3.866 |
3.649 |
3.175 |
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TOTAL |
62.599 |
71.605 |
61.107 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
41.934 |
47.298 |
32.708 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.154 |
0.100 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.101 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
14.399
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19.941 |
7.260 |
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Sundry Debtors |
13.212
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9.908 |
11.484 |
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Cash & Bank Balances |
2.325
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0.763 |
0.564 |
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Other Current Assets |
15.085
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15.085 |
15.118 |
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Loans & Advances |
1.804
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3.129 |
13.637 |
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Total
Current Assets |
46.825
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48.826 |
48.063 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
26.314
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24.619 |
19.774 |
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Provisions |
0.000
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0.000 |
0.000 |
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Total
Current Liabilities |
26.314
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24.619 |
19.774 |
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Net Current Assets |
20.511
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24.207 |
28.289 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.009 |
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TOTAL |
62.599 |
71.605 |
61.107 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
98.200 |
69.100 |
62.100 |
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Total Income |
98.200 |
69.100 |
62.100 |
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Profit/(Loss) Before Tax |
2.851 |
1.339 |
0.109 |
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Provision for Taxation |
0.598 |
0.715 |
0.162 |
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Profit/(Loss) After Tax |
2.253 |
0.624 |
0.271 |
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Earnings in Foreign Currency : |
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Export Earnings |
0.034 |
NA |
NA |
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Total Earnings |
0.034 |
NA |
NA |
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Total Expenditure |
NA |
NA |
NA |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
2.29
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0.90 |
0.43 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.90
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1.93 |
0.17 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.20
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1.39 |
0.13 |
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Return on Investment (ROI) (PBT/Networth) |
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0.27
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0.16 |
0.01 |
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Debt Equity Ratio (Total Liability/Networth) |
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7.33
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10.65 |
9.61 |
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Current Ratio (Current Asset/Current Liability) |
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1.77
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1.98 |
2.43 |
LOCAL AGENCY
FURTHER INFORMATION
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This form is for |
Creation of
charge |
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Corporate identity
number of the company |
U29295MH1992PTC068180 |
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Name of the
company |
KALYANI MOULD BASE PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
4/B, Raju Industrial Estate, Near Dahisar Check Naka, P.O.Miraroad,
Thane – 400104, Maharashtra, India. |
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Type of charge |
Immovable property Movable property (not being pledge) Others |
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Particular of
charge holder |
Bharat Co-Operative bank (Mumbai) Limited 102, Sagar, Prabhat Industrial
Estate, Before Check Naka, W.E.Highway, Dahisar (East), Mumbai – 400068,
Maharashtra, India. |
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Nature of description
of the instrument creating or modifying the charge |
Hypothecation of
tangible movable property Memorandum of
entry recording the continuity of deposit of title deeds. (both the
documents constitute single charge) |
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Date of
instrument Creating the charge |
04.09.2006 |
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Amount secured by
the charge |
Rs. 4.500
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of interest Interest -11% or such
other rate as may be determined by the bank from time to time Penal interest-2%
per annum over and above the applicable rate of interest on the defaulted
amount or such other rate as may be determined by the bank from time to time Terms of repayment Period- 80
monthly instalment of Rs. 0.062 million plus interest, cost, commission and
other charges or such other instalment as may be determined by the bank from
time to time. Margin Borrower company
shall keep at all time minimum margin 25% on security or such higher margin
as may be demanded by the bank from time to time. Extent and operation of the charge At the request of
the borrowers, bank has sanctioned the term loan of Rs. 4.500 millions on
such terms and conditions in the loaning documents/ agreements. |
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Short particulars
of the property charged |
Hypothecation of
stocks, tools, goods and machinery parts or machinery of the borrowers and
every machinery, tool, tangible movable property of the borrower whether now
lying or at any time hereafter during the continuance of this security lying
or being in or about the borrowers premises and Godown and mortgage of property at Mira Road Dist Than |
FIXED ASSETS
Ø
Factory Building
Ø
Plant And Machineries
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Electric Fittings
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Air Conditioners
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Tools And Accessories
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Fire Extinguisher
Ø
Furniture And Fixtures
Ø
Office Equipment
Ø
Refrigerator
Ø
Computer
Ø
Computer For P And M
Ø
Motor Car
Ø
Cycle
Ø
Motor Lorry
Ø
Air Conditioners (Plant)
AS PER WEB SITE
DETAILS
The Product Range of Kalyani :
World class
precision Standard Mould Bases :
Light / Heavy & Large Sizes
World class
precision Custom-built Mould Bases : Split-type
/ Light / Heavy & Large Sizes
World class
precision Mould Bases for Die Casting Dies :
Light / Heavy & Large Sizes
Pre Machined Plates
Quality Mould Base
Steel upto 450 mm with Band Sawing Facility.
Precision Die Set
for Lamination Dies : P.T Series
Mould Accessories :
Guide Pillars / Guide Bushes / Return Pins / Locating Dowels / Sprue Bushes /
Locating Rings / Taper Interlocks / Latches / Ejector Pins / Ejector Sleeves /
Punches / Ball Plungers / Spool Retainers / Shoulder Bolts / Parting Locks /
Straight Blocks / Taper Blocks / Mould Date Indicators / Ball Cages. These
accessories are produced & supplied by our group company PPD.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.71 |
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UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
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 |
YES |
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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 |
|
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 |
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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. |
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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