|
Report Date : |
27.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CREATIVE LIMITED |
|
|
|
|
Registered
Office : |
12, Dargah Road, Kolkata – 700017, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.12.1991 |
|
|
|
|
Com. Reg. No.: |
21-053780 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.040
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19129WB1991PLC053780 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALC02342E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC0665R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of Leather and Leather Finished Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 681000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track. The management has failed to file
its financials with the government department after 2010. However, trade
relations are reported as fair. Business is active. Payment terms are
unknown. The company can
be considered for business dealings with some cautions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Pradeep |
|
Designation : |
Director |
|
Contact No.: |
91-9831012120 |
|
Date : |
24.08.2012 |
|
|
|
|
Name : |
Mr. Basu |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9831093250 |
|
Date : |
24.08.2012 |
LOCATIONS
|
Registered Office : |
12, Dargah Road, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-22871690/ 3758/ 22903450/ 0514 |
|
Mobile No.: |
91-9831012120 (Mr. Pradeep) 91-9831093250 (Mr. Basu) |
|
Fax No.: |
91-33-22870098 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Miajan Ostagar Lane, Kolkata –
700017, West Bengal, India |
DIRECTORS
|
Name : |
Mr. Pradip Kumar Bothra |
|
Designation : |
Director |
|
Address : |
7/1A, Sunny Park, Flat No.303, Block-B, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
24.06.1950 |
|
Date of Appointment : |
10.12.1991 |
|
DIN No : |
01116079 |
|
Voter ID No.: |
WB/23/152/108668 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U19129WB1991PLC053780 |
CREATIVE LIMITED |
Director |
10/12/1991 |
10/12/1991 |
- |
Active |
NO |
|
2 |
U65922WB1992PTC056705 |
JUPITER CREDITS
PRIVATE LIMITED |
Director |
29/09/1992 |
29/09/1992 |
- |
Active |
NO |
|
3 |
U70109WB1993PTC057624 |
JUPITER PROJECTS
PRIVATE LIMITED |
Director |
01/02/1993 |
01/02/1993 |
- |
Active |
NO |
|
4 |
U70101WB1996PTC080291 |
CREATIVE
PROPERTY DEVELOPERS PRIVATE LIMITED |
Director |
01/07/1996 |
01/07/1996 |
- |
Active |
NO |
|
5 |
U70109WB1999PTC089552 |
JESSORE
PROPERTIES PRIVATE LIMITED |
Director |
04/06/1999 |
04/06/1999 |
- |
Active |
NO |
|
6 |
U70101WB1999PTC089995 |
JUPITER ENCLAVE
PRIVATE LIMITED |
Director |
03/08/1999 |
03/08/1999 |
- |
Active |
NO |
|
7 |
U45201WB2000PTC091015 |
CREATIVE NIRMAAN
PRIVATE LIMITED |
Director |
27/01/2000 |
27/01/2000 |
26/03/2012 |
Active |
NO |
|
8 |
U45201WB2000PTC091019 |
JUPITER NIRMAN
PRIVATE LIMITED |
Director |
27/01/2000 |
27/01/2000 |
- |
Active |
NO |
|
9 |
U45201WB2000PTC091016 |
CREATIVE
PROMOTERS PRIVATE LIMITED |
Director |
27/01/2000 |
27/01/2000 |
- |
Active |
NO |
|
10 |
U91017WB2000PTC091017 |
CREATIVE REALITY
PRIVATE LIMITED |
Director |
27/01/2000 |
27/01/2000 |
- |
Active |
NO |
|
11 |
U19129WB2005PLC104328 |
CREATIVE TANNERY
LIMITED |
Director |
22/07/2005 |
22/07/2005 |
31/03/2011 |
Active |
NO |
|
12 |
L18209AP1976PLC002007 |
AVANTI LEATHERS
LIMITED |
Director |
17/05/2008 |
26/03/2008 |
09/07/2008 |
Active |
NO |
|
13 |
U74930WB2005PTC106658 |
RAI ENCLAVE
FACILITIES MANAGEMENT PRIVATE LIMITED |
Additional
director |
22/08/2008 |
22/08/2008 |
- |
Active |
NO |
|
Name : |
Mr. Aloke Kumar De |
|
Designation : |
Director |
|
Address : |
295, Vivekananda Road, Near Children Park, Kolkata – 743276, West
Bengal, India |
|
Date of Birth/Age : |
13.04.1957 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01119771 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U70101WB1918PTC003036 |
BHOWANIPUR
ESTATES PRIVATE LIMITED |
Director |
25/03/2002 |
25/03/2002 |
Active |
NO |
|
2 |
U19129WB1991PLC053780 |
CREATIVE LIMITED |
Director |
01/04/2012 |
01/04/2012 |
Active |
NO |
|
Name : |
Mr. Raj Kumar Dhan Raj Sharma |
|
Designation : |
Director |
|
Address : |
25, Jelia Para, 1st Bye Lane, Howrah – 711101, West Bengal,
India |
|
Date of Birth/Age : |
25.08.1962 |
|
Date of Appointment : |
31.03.2012 |
|
DIN No.: |
05277079 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.08.2010
|
Names of Shareholders |
No. of Shares |
|
Pradip Kumar Bothra |
620 |
|
Tridip Kumar Dugar |
620 |
|
P.K. Bothra (HUF) |
2500 |
|
T.K. Dugar (HUF) |
2500 |
|
Jupiter Credits Private Limited, |
600 |
|
Jupiter Projects Private Limited, |
600 |
|
Preetam Bothra |
200 |
|
Triansu Credits Private Limited, |
600 |
|
Triansu Resources Private Limited, |
600 |
|
Anu Dugar |
200 |
|
TOTAL |
9040 |
AS ON 23.08.2010
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
26.55 |
|
Directors
or relatives of directors |
73.45 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Leather and Leather Finished Goods. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Leather Goods (Wallets, Bags and others) |
Nos. |
860,953.00 |
|
Notes:
i.
Licensed capacity is not applicable in terms of the
Government of India Notification No. 477(E) dated 25th July, 1991.
ii.
Installed capacity, being technical matter, is as certified
by the management.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
v Allahabad Bank,
International Branch, 119, v The Hongkong and
Shanghai Banking Corporation Limited, Hongkong House, 31, B.B.D. Bag, Kolkata
– 700 001, West |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Export Packing
Credit /Export Bill Purchase secured by hypothecation of Stock of Raw Materials,
Work in Progress and Finished Goods and by equitable Mortgage on Buildings
owned by he Company and personal guarantee of Directors. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.R. Singhwi and Company Chartered Accountants |
|
Address : |
34A, |
|
Tel. No.: |
91-33-22119606/ 4366 |
|
Fax No.: |
91-33-22111697 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFM3549K |
|
|
|
|
Associate /Joint
Venture Concerns : |
v
Creative ( v
Creative Tannery Limited |
|
|
|
|
|
v
Creative Nirman Private Limited v
Jupiter Credits Private Limited v
Jupiter Projects Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000 |
A Class Equity Shares |
Rs.1000/- each |
Rs. 4.000 millions |
|
16000 |
B Class Equity Shares |
Rs.1000/- each |
Rs. 16.000 millions |
|
100000 |
C Class Equity Shares |
Rs.1000/- each |
Rs. 100.000 millions |
|
|
Total |
|
Rs. 120.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1040 |
A Class Equity Shares |
Rs.1000/- each |
Rs. 1.040
millions |
|
8000 |
B Class Equity Shares |
Rs.1000/- each |
Rs. 8.000
millions |
|
|
Total |
|
Rs. 9.040 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.040 |
9.040 |
18.080 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
161.133 |
146.474 |
426.668 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
170.173 |
155.514 |
444.748 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
117.207 |
189.488 |
183.417 |
|
|
2] Unsecured Loans |
64.171 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
181.378 |
189.488 |
183.417 |
|
|
DEFERRED TAX LIABILITIES |
4.943 |
4.836 |
11.902 |
|
|
|
|
|
|
|
|
TOTAL |
356.494 |
349.838 |
640.067 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
61.468 |
60.733 |
155.524 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.606 |
13.606 |
13.606 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
140.087
|
120.565
|
315.702 |
|
|
Sundry Debtors |
154.223
|
120.430
|
160.728 |
|
|
Cash & Bank Balances |
2.370
|
15.996
|
12.079 |
|
|
Other Current Assets |
3.189
|
6.148 |
8.990 |
|
|
Loans, Advances & Deposits |
119.693
|
134.140
|
131.609 |
|
Total
Current Assets |
419.562
|
397.279 |
629.108 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
84.336
|
77.618 |
95.515 |
|
|
Other Current Liabilities |
22.973
|
20.423 |
39.752 |
|
|
Provisions |
31.103
|
24.076 |
22.904 |
|
Total
Current Liabilities |
138.412
|
122.117 |
158.171 |
|
|
Net Current Assets |
281.150
|
275.162
|
470.937 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.270 |
0.337 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
356.494 |
349.838 |
640.067 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
545.009 |
803.025 |
996.344 |
|
|
|
Other Income |
13.875 |
31.377 |
42.069 |
|
|
|
TOTAL (A) |
558.884 |
834.402 |
1038.413 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
286.377 |
431.335 |
659.023 |
|
|
|
Personnel Expenses |
30.294 |
29.750 |
29.689 |
|
|
|
Manufacturing,
Administrative, Selling & Distribution Expenses |
201.081 |
347.470 |
280.861 |
|
|
|
TOTAL (B) |
517.752 |
808.555 |
969.573 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
41.132 |
25.847 |
68.840 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
13.771 |
8.048 |
16.068 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.361 |
17.799 |
52.772 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.771 |
6.680 |
9.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
23.590 |
11.119 |
43.731 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.133 |
3.397 |
15.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.457 |
7.722 |
28.358 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
66.752 |
160.911 |
161.152 |
|
|
|
|
|
|
|
|
|
|
Sundry
Balances Written off |
(1.798) |
(19.840) |
0.000 |
|
|
|
Transfer
Due to December |
0.000 |
(82.041) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
18.080 |
|
|
|
Tax on Proposed Dividend |
0.000 |
0.000 |
3.073 |
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
7.446 |
|
|
BALANCE CARRIED
TO THE B/S |
81.411 |
66.752 |
160.911 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
475.701 |
591.783 |
717.705 |
|
|
|
Interest Received from Debtors |
5.664 |
7.119 |
3.423 |
|
|
TOTAL EARNINGS |
481.365 |
598.902 |
721.128 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
19.153 |
33.824 |
4.763 |
|
|
|
Trading Goods-Raw Materials |
17.658 |
231.215 |
217.762 |
|
|
|
Capital Goods |
3.148 |
0.343 |
10.124 |
|
|
TOTAL IMPORTS |
39.959 |
265.382 |
232.649 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1820.44 |
854.21 |
285.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.94
|
0.93
|
2.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.33
|
1.38
|
4.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.90
|
2.43
|
5.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.07
|
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.88
|
2.00
|
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.03
|
3.25
|
3.98 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34)
External Agency Rating, if available |
No |
OPERATIONS REVIEW:
The turnover from
operations for the year was Rs.545.009 millions as against Rs.803.026 millions
in the previous year. Profit before tax for the year was Rs.23.590 millions as
against Rs.11.118 millions in the previous year.
Company’s Subsidiary
in
FUTURE OUTLOOK:
As reported in
their previous reports, they believe that investments made in human resources,
machines, research and development and technology will enable the Company to
achieve steady growth and maintain its leadership position.
CONTINGENT LIABILITIES
NOT PROVIDED FOR IN RESPECT OF:
|
Particulars |
31.03.2010 (Rs.
in millions) |
|
a. Demands contested by the company |
|
|
i. Income-tax |
30.211 |
|
b. Bills discounted with banks |
77.707 |
|
c. Guarantee given by bank on behalf of the company |
-- |
|
d. Guarantee given by the company on behalf of others |
-- |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U19129WB1991PLC053780 |
|
Name of the
company |
CREATIVE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
12, E-Mail: rakesh@creativelimited.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10268675 |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(not being pledge) Others (Stock and
Other Current Assets) |
|
Particular of
charge holder |
Allahabad Bank,
International Branch, 119, E-Mail: abibcal@cal.vsnl.net.in |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Mortgagor confirming deposit of Title Deeds |
|
Date of
instrument Creating the charge |
05.12.2011 |
|
Amount secured by
the charge |
Rs.150.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest and
other charges shall be paid as per sanction terms however the same is subject
to change from time to time as per bank/RBI Guidelines. Terms of Repayment: Working Capital
shall be repayable on demand. Margin: The borrower
shall maintain stipulated margin as mentioned in the sanction letter of the
bank. Extent and
Operation of the charge: The security
created under said Hypothecation shall operate by way of First Charge in
favour of bank and as continuing security. The charged
assets property be kept at the Company risk and expense in good condition and
fully insured against loss or damage by fire, lighting etc. in the joint names
of the Bank and the Company. Others: The Company
hereby declares that all the charged property now existing are absolute
property of and at the sole disposal of the Company and free from any prior
charge or encumbrance and undertakes that all future property shall like wise
be the unencumbered and absolute and disposable property of the Company. Other terms and
conditions are as per terms and conditions of above referred Hypothecation,
Mortgage Paper and Sanction Terms of the bank. |
|
Short particulars
of the property charged |
The borrower
hereby hypothecation and charges by way of first charge a) all stocks of
RM, WIP and finished products now being and lying in the Borrower's premises
in the state of b) all book-debts,
other receivables etc. c) Plant and
Machinery of the Company. Holding No.
521/48, P.S. Beniapukur, Ward No. 60, Kolkata -700014. - All that plot
of land admeasuring 1.285 Acre situated at Mouza Gangapur , J.L. No. 35, R.S.
Plot No.240P (V) and 338(P), Zone-9 CLC Plot No. 1645 (A), Calcutta Leather
Complex, P.S. Kolkata Leather Complex , 24 Parganas (S) within the limit of
Tardah Gram Pamchayet. - All that plot
of land admeasuring 1.366 Acre situated at Mouza Gangapur , J.L. No. 35, R.S.
Plot No.236P (V) and 240(P), 244(P), 246(P), 244/356(P), 236/378(P) Zone -9 CLC Plot No.1645,
Calcutta Leather Complex, P.S. Kolkata Leather Complex, 24 Parganas (S)
within the limit of Tardah Gram Pamchayet. along with
superstructure and immovable P&M thereon both present and future |
|
Particulars of
the present modification |
By present
modification overall limit secured by charge has been remained unchanged i.e.
150.000 millions, however - Land and Building
admeasuring 3 Cottahs at 21, - Land
admeasuring 1.285 Acres CLC Plot No.1645(A) at Kolkata Leather Complex,
Tardah - Land
admeasuring 1.366 Acres CLC Plot No.1645 at Kolkata Leather Complex, Tardah |
FIXED ASSTES:
v Land-Freehold
v Buildings
v Plant and Machinery
v Furniture and Fixtures
v Office and Other Equipments
v Vehicles
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. 55.38 |
|
|
1 |
Rs. 87.79 |
|
Euro |
1 |
Rs. 69.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.