MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
OSCAR EQUIPMENTS PRIVATE LIMITED |
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Registered Office : |
25B, Camac Street, Kolkata – 700 017, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.05.1985 |
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Com. Reg. No.: |
21-38929 |
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CIN No.: [Company
Identification No.] |
U29119WB1985PTC038929 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALO00222F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Hydraulic Cylinders and other Engineering Items. |
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 150000 |
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Status : |
Good |
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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 meetings its
normal commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. K Nandu |
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Designation : |
Executive Accounts |
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Date : |
04.06.2008 |
LOCATIONS
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Registered Office : |
25B, Camac Street, Kolkata – 700 017, West Bengal, India |
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Tel. No.: |
91-33-24531059 / 22475680 / 2786 |
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Fax No.: |
91-33-22404529 |
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E-Mail : |
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Area : |
800 Sq.fts |
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Location : |
Rented |
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Factory / Warehouse : |
Mouja Bhasa, Bhisnupur, Diamond Harbour Road, 24 Parganas South, West Bengal, INDIA. |
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Tel. No.: |
91-33-24531059 / 24531938 |
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E-Mail: |
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Websites: |
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Area : |
2000 Sq.fts |
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Location : |
Owned |
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Branches : |
1. 89/1, J C Road, Bangalore – 560002, Karnataka, INDIA. 2. 121,Linghi Chetty Street, Chennai-600001, Tamil Nadu, INDIA. 3. 207, Bharat Chamber, 52-C, Baroda Street, Mumbai-400001, Maharashtra, INDIA. |
DIRECTORS
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Name : |
Mr. Subhendu Dutta |
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Designation : |
Director |
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Address : |
336, Paranasree Pally, Flat No. 12, Behala, Kolkata – 700 020, West
Bengal, India |
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Date of Birth/Age : |
15.07.1944 |
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Date of Appointment : |
01.11.1996 |
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Name : |
Mr. Kanhaiyalal Kochar |
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Designation : |
Director |
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Address : |
3/3 Kristo Das Pal Lane, kolkata – 700 006, West Bengal, India |
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Date of Birth/Age : |
10.01.1929 |
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Date of Appointment : |
01.11.1996 |
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Name : |
Mr. Vir prakash jain |
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Designation : |
Director |
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Address : |
3 Burdwan Road, Flat No. 1/D , Alipore Residency, Kolkata – 700 027,
West Bengal, India |
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Date of Birth/Age : |
18.04.1945 |
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Qualification : |
B.Tech |
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Experience : |
33 Years |
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Date of Appointment : |
01.08.1988 |
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Name : |
Mr. Pratap Singh Gandhi |
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Designation : |
Director |
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Address : |
C /O, India Industrial Enterprises 23 Brabourne Road, Kolkata – 700
001, West Bengal, India |
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Date of Birth/Age : |
21.11.1942 |
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Date of Appointment : |
04.05.1998 |
KEY EXECUTIVES
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Name : |
Mr. S Nahata and Associates |
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Designation : |
Company Secretary |
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Address : |
222, lake Town, Block – B, 3rd Floor, Kolkata – 700 089,
West Bengal, India |
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Tel No.: |
91-33-30232132 / 22482604 |
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E-Mail : |
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Name : |
Mukesh Chaturvedi |
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Designation : |
Company Secretary |
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Address : |
169, Arbinda Sarani, Kolkata – 700 006, West Bengal, India
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders (as on 31.03.2006):- |
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No. of Shares |
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Mr. Paras Gandhi |
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3450 |
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Mr. Vir Prakash Jain |
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4191 |
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Mr. Vijaymal Dasot |
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500 |
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Mr. Sashi Jain |
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1719 |
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Mr. Reena Sharda |
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1250 |
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Mrs. Sangita Prarekh |
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1000 |
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Mr. Rajkumar Gandhi |
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400 |
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Mr. Amar Chand Gandhi |
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400 |
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Mr. Kushal Gandhi |
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400 |
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West Bengal Ind. Dev Corporation |
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1000 |
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Mr. Prem Parekh |
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5000 |
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Mr. Pratap Gandhi |
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2750 |
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Mr. Niraj Gandhi |
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1000 |
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Mrs. Prabha Gandhi |
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700 |
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Mr. Anuraga Jain |
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1240 |
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Total
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25000 |
Equity Shares Breakup (Percentage of Total Equity): as on 31.03.2007:-
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Sr No. |
Category |
Percentage |
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1 |
Public Financials Companies |
2.90 |
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2 |
Bodies Corporate |
36.43 |
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3 |
Directors Or Relative Of Directors |
38.57 |
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4 |
Other Top Fifty (50) Shareholders |
22.10 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Hydraulic Cylinders and other Engineering Items. |
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Products: |
Products
Description ITEM Code Manufacturing of Haudraulic Cylinders & Other Engineering Items 8412.10 |
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Brand Names : |
‘OSCAR’. |
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Exports : |
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Countries : |
Indonesia |
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Imports : |
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Products : |
Tube |
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Countries : |
China |
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Terms : |
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Selling : |
L/C, Cash, Credit (60 days) |
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Purchasing : |
L/C, Cash, Credit (90 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Manufacturers, Government bodies and Steel Plants · Kwality Industries · Roll O Cast · P N Engineering works · Ashish Enterprises · Hazra Brothers and Company · M R Industries · Jay Baba Loknath Enterprises · Escorts Limited · Steel Authority of India Limited · The Tata Engineering and Locomotive Company Limited · The Tata Iron and Steel Company Limited · TIL Limited |
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Suppliers : |
· India Industrial Enterprises · India Seamless Tubes Limited |
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No. of Employees : |
125 |
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Bankers : |
· Canara Bank , Brabourne Road, Kolkata – 700001, West Bengal, INDIA · The Federal Bank Limited, R N Mukherjee Road Branch, Kolkata – 700 001, West Bengal, India · Axis Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
K S Bothra and Company Chartered Accountants |
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Address : |
9-12, Lall Bazar Street, Mercantile Building, E Block , 1st
Floor, Kolkata – 700 001, West Bengal, India |
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Tel No.: |
91-33-22206733 |
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Associates/Subsidiaries : |
1. Indian Industrial Enterprises 2. Premier (Steel & Forging) |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
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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35000 |
Equity Shares |
Rs. 100/-
each |
Rs. 3.500
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.000 |
2.500 |
2.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
24.480 |
12.295 |
11.447 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
29.480 |
14.795 |
13.947 |
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LOAN FUNDS |
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1] Secured Loans |
12.837 |
14.338 |
12.827 |
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2] Unsecured Loans |
12.995 |
22.017 |
21.138 |
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TOTAL BORROWING |
25.832 |
36.355 |
33.965 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
55.312 |
51.150 |
47.912 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
15.708 |
13.656 |
13.421 |
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Capital work-in-progress |
1.267 |
0.731 |
0.122 |
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INVESTMENT |
0.074 |
0.073 |
0.073 |
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DEFERREX TAX ASSETS |
0.320 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
28.741
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32.402 |
28.344 |
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Sundry Debtors |
29.760
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37.507 |
34.318 |
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Cash & Bank Balances |
11.753
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4.212 |
2.921 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
19.350
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10.906 |
5.335 |
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Total
Current Assets |
89.604
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85.027 |
70.918 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
41.021
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44.764 |
34.701 |
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Provisions |
10.679
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3.573 |
1.921 |
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Total
Current Liabilities |
51.700
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48.337 |
36.622 |
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Net Current Assets |
37.904
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36.690 |
34.296 |
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MISCELLANEOUS EXPENSES |
0.039 |
0.000 |
0.000 |
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TOTAL |
55.312 |
51.150 |
47.912 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
132.618 |
125.267 |
117.479 |
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Other Income |
15.703 |
0.241 |
0.392 |
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Total Income |
148.321 |
125.508 |
117.871 |
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Profit/(Loss) Before Tax |
18.509 |
1.859 |
1.426 |
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Provision for Taxation |
6.643 |
1.011 |
0.505 |
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Profit/(Loss) After Tax |
11.866 |
0.848 |
0.921 |
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Export Value |
9.279 |
18.997 |
8.865 |
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Import Value |
NA |
2.083 |
NA |
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Expenditures : |
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Financial Charges |
3.645 |
4.046 |
3.935 |
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Depreciation & Amortization |
2.187 |
2.193 |
2.111 |
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Other Expenditure |
123.980 |
117.410 |
110.399 |
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Total Expenditure |
129.812 |
123.649 |
116.445 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
8.00
|
0.68 |
0.78 |
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Net Profit Margin (PBT/Sales) |
(%) |
13.95
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1.48 |
10.21 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
17.30
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1.87 |
1.69 |
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Return on Investment (ROI) (PBT/Networth) |
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0.63
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0.13 |
0.10 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.63
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5.72 |
5.06 |
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Current Ratio (Current Asset/Current Liability) |
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1.73
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1.76 |
1.94 |
LOCAL AGENCY
FURTHER INFORMATION
FORM 8:-
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Corporation identity number or foreign company registrations number of
the company |
U29119WB1985PTC038929 |
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Name of the company |
OSCAR EQUIPMENTS PRIVATE LIMITED |
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Address |
25 Camac Street, Kolkata – 700 017, West Bengal, India |
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This Form is for |
Modification of charge |
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Type of Charges |
· Book Debts · Movable Property |
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Particular of the charge holder
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Canara Bank Address: 21, Brabourne Road, Kolkata – 700
001, West Bengal, India E-mail: |
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Nature or description of the instrument creating charge |
· Hypothecation agreement of goods and book debts (for DALC / DPG/ guarantee Agreement for opening inland irrecoverable letter of credit · Agreement Re-collateral security machinery , Vehicles · Guarantee Agreement · Supplemental Agreement · Supplemental Agreement · Agreement to be obtained for CDB /SDB/BR, Advance |
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Date of the instrument creating charge |
05.01.2007 |
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Amount Secure by the charge |
Rs. 41.832 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of Interest : The borrower shall pay Interest on the outstanding in the account at
1.75% p.a and above ongoing PLR (or at such rates as may be revised by the
bank from time to time) with min. Of 13.50% p.a compounded monthly rests. The borrower shall pay Interest 4% above the on going PLR with a Min.
of 15.75 % p.a compounded monthly rests. The borrower shall pay Interest to the bank at the rate of 2% p.a
above ongoing PLR with a Min. of 13.75% p.a.
Terms of repayment: As per bank Rule Extent and Operation of the charge: The borrower hypothecate by way first charge all goods and commodities
purchased , acquired , received under the said credit facilities stored at the godowns , yards and premises
Mouza – Bhasa P S Bishnupur D H road, and also all the book debts ,
outstanding moneys receivables claims, etc . The borrower hereby hypothecates
in favour of the bank all plant and machinery enclosed situated at Maya
Bhavan P S Bishnupur D H road. |
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Short Particulars of the Property charged |
The borrower hereby hypothecates all the goods and commodities
purchased acquired received under the said credit facilities stored at the
godowns, yards and premises Mouzaq- Bhasa P S Bishnupur D H road, and also
book debts , outstanding moneys receivables claims, etc . The borrower hereby
hypothecates in favour of the bank all plant and machinery enclosed situated
at Maya Bhavan P S Bishnupur D H road |
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Particulars of the present modification |
By this modification at the request of the borrower the bank has
reduced the overall limit from Rs. 60.000 millions to Rs. 41.832 millions Nature of facilities : OCC / ODBD – Rs. 12.500 millions , BE – Rs.
7.500 millions , ILC / FLC – Rs. 9.000 millions BG – Rs. 7.000 millions and
BG (ST) – Rs. 5.832 millions Other terms and conditions save as modified by these present remain in
full force. |
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Name of the
company |
OSCAR EQUIPMENTS PRIVATE LIMITED |
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Presented By |
Canara Bank,
Brabourne Road, Calcutta – 700 001 |
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1) Date and
description of instrument creating the change |
Cash credit
Agreement dated 19.09.2000 For Rs. 4.500
millions Agreement for CDB
/ SDB/ BE Advance dated 19.09.2000 For Rs. 1.500
millions Agreement for
opening inland irrecoverable letter of credit dated 19.09.200 for Rs. 1.000
millions Hypothecation
agreement for goods and book debts dated 19.09.200 (For DALC) for Rs. 1.000
million (JIC / FLC) Agreement Re
advances against book debts as prime security dated 19.09.2000 for Rs. 16.000
millions subsequently
modified on 05.12.2000 fro Rs. 17.500 millions and 16.03.2001 for Rs. 18.600 millions and 12.12.2001 for Rs. 10.000
millions and 30.01.2002 for Rs.
28.000 million and 06.05.2002 for Rs. 32.000 millions , 2nd
modified on 12.10.2004 for Rs. 60.000 millions And Registered on
03.12.2004 and modified on 19.02.2005
for Rs. 6.000 millions and registered on
08.01.2005 |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Overall limit Rs.
16.000 millions
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3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
The borrower hereby
hypothecation to the bank the whole of the borrower present and future stocks
of raw materials , goods in process and manufacture and all raw materials ,
goods in process of manufacture and all finished goods and manufactured goods
and article such as hydraulic cylinder there give A general description of
raw materials, goods and articles
hypothecation together with all stores , components and spares which now belong to the borrower and which are or
shall or may be brought into stored or be upon or about the borrower factory, godown and or other premises at
Mouza , Bhasa , P S Bishnupur
wherever else the same may be situated stored or lying or being including any such raw materials , articles or
goods, stores, spares and components
or others similar movable property in course of transit or delivery to
borrower and all of which hereinafter. All of the
borrower present and future book debts outstanding monies, receivables,
claims , bill rights to or in immovable properties or payable or belonging to
the borrower or which may be at any time hereafter the continuance of the
security become due owing , payable
or belonging to the borrower in the course
of its business The bank agrees
to purchases , negotiate discount or otherwise make advances against Cheques
/ hundies / drafts or bill of
exchange whatever may be the tenor thereof without documents such as railway
, lorry receipts , bill, post parcel receipts, bill of lading or any other
documents of title to the goods , invoices , etc. The borrower
having opened and / or agreed as and when required by the borrower letters of
credit in favour of various authorities
departments of the Central and State Government, local or public
bodies or authorities or various
other persons , companies , corporations whom the borrowers may specify from time to time. The borrower
hereby borrower hypothecates all goods and commodities purchased acquired ,
received under the said credit facilities particulars whereof will be furnished from time to
time briefly described in the
schedule Hydraulic Cylinder which is
stored at mouza – Bhasa D S Bishnupur , Diamond Harbour Road
district 24 pgs (s) or lying at any other outstanding moneys,
receivables , claims and goods received under the said credit facilities. In additional to
the securities if any provided as per loan papers separately obtained or to be obtained from time to
time the borrower hereby hypothecates and charges to the bank by way of first
charge all the book debts outstanding , monies receivable, claims and
bills which are now due or owing or
which may at any time or hereinafter
during the continuance of the security .
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4) Gist of the
terms and conditions and extent and operation of the charge. |
The borrower shall
pay Interest on the cash credit account 4 % p.a over and above PLR with a min
16.25% p.a compounded quarterly. Margin:-15% |
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5) Name and
Address and description of the person entitled to the charge. |
Canara Bank 2 Brabourne Road, Kolkata – 700 001 |
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6) Date and brief description of instrument
modifying the charge |
Supplemental agreement (OCC / ODBD) dated
05.02.2005. For Rs. 359.000 millions Hypothecation of goods and book debts dated 05.05.2005 (For DALC / DPG/
guarantee ) For Rs. 14.000 millions Agreement fro opening inland irrevocable Letter of credit of 05.05.2005
for Rs. 7.000 millions counter indemnity dated 05.05.2005 for Rs. 7.000
millions Agreement
re-collateral security machinery vehicles dated 05.05.2005 for Rs. 50.500
millions. |
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7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
By this modification
OCC/ ODBD limit is being increased to Rs. 9.000 millions the borrower
shall pay Interest @ 3.50% p.a above ongoing PLR with a min of 14.25% p.a By this agreement
at the request of the borrower the bank his grant financial assistance under LLC / FLC to the time of Rs. 14.000 millions
against hypothecates all the goods
and commodities purchased
acquired received under the said
credit facilities particulars whereof
will be finished goods from
time to time briefly described
in the schedule which is
stored at the godown and premises
mouza, Bhasa P S Bishnupur Diamond Harbour Road, or lying or at
any other place where so ever. The borrower shall pay
Interest @ 16.25 % p.a By the agreement
the bank has agreed to purchase negotiate
discount or otherwise make
advances against advances Cheques /
hundies / drafts or bill of exchange
wherever may be tenure there of
accepted or endorsed by the
borrower with or without document such as railway receipt’s , lorry
receipts , railway bill post parcel
receipt bill of lading or
document to title to the goods
invoices , etc to the time of Rs. 7.500 millions
(CDB limit Rs,. 1.000 millions and BF / IBD/ limit
Rs. 65.500 millions. The borrower
shall pay Interest @ 14.25% p.a At the request of the borrower the bank
has agreed to grant BG limit
of Rs. 7.000 millions By the collateral
security machinery agreement the
borrower hereby additional security
hypothecates in favour of the bank
all pant and machinery and motor vehicles tools and accessories already purchased as per annexure attached
and also the machinery etc to be purchased hereinafter particulars
whereof will be finished latter which is stored at Mouza , Bhasa P S
Bishnupur Diamond harbour Road, District, 24 pgs (s) The borrower
shall pay Interest on outstanding in the account 3.5% p.a over and above
ongoing PLR with a min. of 14.25% p.a So by this
modification the overall limit will be remaining same i.e Rs. 60.000 millions
Other terms and conditions
save as modified by these presents remain to full force. |
TRADE REFERENCES:
· Escorts Constructions Equipments
· Action Constructions Equipments Limited
· Bokaro Steel Plant
· Zindal Steel Plant
· Raukela
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.42.63 |
|
UK Pound |
1 |
Rs.83.40 |
|
Euro |
1 |
Rs.65.80 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
51 |
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 |
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 |
|