MIRA
INFORM REPORT
|
Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
KATALINE INFRA-PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
“Vishram”, Plot No.37, Shankar Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
19.06.2008 |
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Com. Reg. No.: |
11-183728 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U24222MH2008PTC183728 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPK03356D |
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PAN No.: [Permanent Account No.] |
AADCK4083D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Road Marking Paints including marking materials
include inks, coatings, laser marking materials, tapes and spray painting
equipments. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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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 35000 |
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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 relatively new company having satisfactory track. The company
is doing well. Trade relations are reported as fair. Business is active.
Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
“Vishram”, Plot No.37, Shankar Nagar, |
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Tel. No.: |
91-712-2567317/ 2567349 |
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Fax No.: |
91-712-2567349 |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2009
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Name : |
Mr. Amit Arvind Thatte |
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Designation : |
Director |
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Address : |
S/2, Utkarsha Poorva, Khare-Town, Dharampeth, |
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Date of Birth/Age : |
09.05.1975 |
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Date of Appointment : |
19.06.2008 |
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DIN No.: |
01525877 |
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Name : |
Ketki Amit Thatte |
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Designation : |
Director |
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Address : |
G-1, Utkarsha Poorva, Dharampeth, |
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Date of Birth/Age : |
22.12.1975 |
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Date of Appointment : |
19.06.2008 |
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DIN No.: |
01525878 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
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Names of Shareholders |
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No. of Shares |
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Amit Arvind Thatte |
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500 |
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Ketki Amit Thatte |
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500 |
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Total |
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1000 |
As on 30.09.2009
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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 |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Road Marking Paints including marking materials include
inks, coatings, laser marking materials, tapes and spray painting
equipments. |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
v
State Bank of v
Bank of v
HDFC
Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bakre Pachkhede and Sagdeo Chartered Accountants |
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Address : |
3 and 4, “Sai Sagar”, |
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Tel. No.: |
91-712-2236686/ 2233929/ 6424046 |
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PAN No.: |
AAEFB9328B |
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Group Companies : |
v
Kataline Construction Technologies Private
Limited v
Kataline Equipment Private Limited |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital : Rs.1.000 million
Issued, Subscribed & Paid-up Capital : Rs.0.100
million
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
8.651 |
1.790 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
|
8.751 |
1.890 |
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LOAN FUNDS |
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1] Secured Loans |
|
0.327 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.327 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.009 |
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TOTAL |
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9.078 |
1.899 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.650 |
0.377 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
7.591 |
3.274 |
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Sundry Debtors |
|
56.771 |
27.431 |
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Cash & Bank Balances |
|
3.244 |
1.088 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans, Advances & Deposits |
|
4.049 |
1.811 |
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Total
Current Assets |
|
71.655 |
33.604 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
|
55.322 |
29.531 |
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Other Current Liabilities & Provisions |
|
7.905 |
2.551 |
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Total
Current Liabilities |
|
63.227 |
32.082 |
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Net Current Assets |
|
8.428 |
1.522 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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9.078 |
1.899 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
|
170.462 |
64.316 |
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EXPENDITURE |
|
160.745 |
61.954 |
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PROFIT BEFORE
TAX |
|
9.929 |
2.362 |
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Less |
TAX |
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3.068 |
0.587 |
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PROFIT AFTER TAX
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6.861 |
1.775 |
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Earnings Per
Share (Rs.) |
|
686.10 |
557.75 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2010 |
31.03.2009 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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13.73 |
6.95 |
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Return on Investment (ROI) (PBT/Networth) |
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1.13 |
1.25 |
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Debt Equity Ratio (Total Liability/Networth) |
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|
7.26 |
16.97 |
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Current Ratio (Current Asset/Current Liability) |
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|
1.13 |
1.05 |
LOCAL AGENCY FURTHER INFORMATION
OPERATION:
The Financial results have shown a marked improvement over the previous
year, for the same period. The Company has achieved healthy growth rate in
turnover as well as profit during the year.
FORM 8:
|
Corporate identity
number of the company |
U24222MH2008PTC183728 |
|
Name of the
company |
KATALINE INFRA-PRODUCTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
“Vishram”, Plot No.37, Shankar Nagar, E-Mail: kataline_sales@rediffmail.com |
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This form is for |
Creation of
charge |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
State Bank of E-Mail: mca21@in.com |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of Loan
cum Hypothecation. Guarantee
Agreement. |
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Date of
instrument Creating the charge |
26.04.2011 |
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Amount secured by
the charge |
Rs.73.500
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash credit:
6.50% above base rate. Present effective rate 14.75%. Term Loan: 7%
above base rate .Present effective rate 15.25%. Terms of
Repayment: Cash Credit: On
demand. Term Loan: 33
monthly installment of Rs.0.300 million each with 1st installment
commencing on July 11 and the last installment falling due on march 14 of
Rs.0.400 million. Margin: Finished goods:
25%. Receivables : 40% Letter of credit
: 25% Bank guarantee :
15% Extent and
Operation of the charge: The charge
operate as security on the properties of the company. |
|
Short particulars
of the property charged |
Hypothecation of
stock, finished goods, book debts and receivable. Hypothecation of
plant and machineries. Corporate
Guarantee of Kataline Construction Technologies Private Limited. |
FIXED ASSETS:
v
MS Pug Mixer
v Reflectometer
v
Weighing Machine
v
Car
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.15 |
|
|
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.