MIRA
INFORM REPORT
|
Report Date : |
19.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KARAMTARA ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.05.1996 |
|
|
|
|
Com. Reg. No.: |
11-099333 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45207MH1996PTC099333 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Transmission, |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. The financials
of the company appears to be sound. Trade relations are reported as
trustworthy. Business is active. Payments are reported to be regular and as
per commitments. The company can be considered good 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
117 Morya Estate Oshivara Link Road, Andheri (West), Mumbai-400053,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 09.09.2011
|
Name : |
Mr. Rajiv Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1973 |
|
Date of Appointment : |
15.05.1996 |
|
DIN No.: |
01689209 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
15-05-96 |
15-05-96 |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13-10-03 |
13-10-03 |
Active |
NO |
|
3 |
U27104MH2004PTC144308 |
POONA
GALVANIZERS PRIVATE LIMITED |
Director |
30-01-04 |
30-01-04 |
Active |
NO |
|
4 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18-05-05 |
18-05-05 |
Active |
NO |
|
5 |
U93000MH2010PTC200627 |
KARAMTARA
FINANCIAL SERVICES PRIVATE LIMITED |
Director |
08-03-10 |
08-03-10 |
Active |
NO |
|
6 |
U01403MH2010PTC200904 |
KARAMTARA
AGROTECH PRIVATE LIMITED |
Director |
15-03-10 |
15-03-10 |
Active |
NO |
|
7 |
U45202MH2010PTC202907 |
KARAMTARA
REALITY PRIVATE LIMITED |
Director |
10-05-10 |
10-05-10 |
Active |
NO |
|
8 |
U28111DL2006PTC148519 |
SUNDER
ROLLING MILLS PRIVATE LIMITED. |
Director |
09-09-11 |
03-03-11 |
Active |
NO |
|
9 |
U91110MH1999NPL122117 |
ENTREPRENEURS'
ORGANIZATION MUMBAI |
Director |
15-07-11 |
15-07-11 |
Active |
NO |
|
10 |
U45200MH2007PLC174147 |
PROZONE
CAPITAL SHOPPING CENTRES LIMITED |
Additional
director |
20-04-12 |
20-04-12 |
Active |
NO |
|
Name : |
Mr. Tanveer Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
21.01.1970 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
01689287 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
08-05-96 |
08-05-96 |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13-10-03 |
13-10-03 |
Active |
NO |
|
3 |
U27104MH2004PTC144308 |
POONA
GALVANIZERS PRIVATE LIMITED |
Director |
30-01-04 |
30-01-04 |
Active |
NO |
|
4 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18-05-05 |
18-05-05 |
Active |
NO |
|
5 |
U93000MH2010PTC200627 |
KARAMTARA
FINANCIAL SERVICES PRIVATE LIMITED |
Director |
08-03-10 |
08-03-10 |
Active |
NO |
|
6 |
U01403MH2010PTC200904 |
KARAMTARA
AGROTECH PRIVATE LIMITED |
Director |
15-03-10 |
15-03-10 |
Active |
NO |
|
7 |
U45202MH2010PTC202907 |
KARAMTARA
REALITY PRIVATE LIMITED |
Director |
10-05-10 |
10-05-10 |
Active |
NO |
|
8 |
U28111DL2006PTC148519 |
SUNDER
ROLLING MILLS PRIVATE LIMITED. |
Director |
09-09-11 |
03-03-11 |
Active |
NO |
|
Name : |
Mr. Hanwant Manbir Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1938 |
|
Date of Appointment : |
07.11.2001 |
|
DIN No.: |
00583469 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
07-11-01 |
07-11-01 |
- |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13-10-03 |
13-10-03 |
- |
Active |
NO |
|
3 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18-05-05 |
18-05-05 |
- |
Active |
NO |
|
4 |
U28100MH1973PLC016533 |
E M
I TRANSMISSION LIMITED |
Director |
06-07-06 |
06-07-06 |
01-04-12 |
Active |
NO |
|
5 |
U27104MH2004PTC144308 |
POONA
GALVANIZERS PRIVATE LIMITED |
Director |
13-01-08 |
13-01-08 |
- |
Active |
NO |
|
6 |
U28111DL2006PTC148519 |
SUNDER
ROLLING MILLS PRIVATE LIMITED. |
Director |
09-09-11 |
03-03-11 |
- |
Active |
NO |
|
Name : |
Mr. Inderjeet Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1947 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
01689417 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
08-05-96 |
08-05-96 |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13-10-03 |
13-10-03 |
Active |
NO |
|
3 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18-05-05 |
18-05-05 |
Active |
NO |
|
Name : |
Ms. Gaitri Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1972 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
01225861 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
08-05-96 |
08-05-96 |
Active |
NO |
|
2 |
U64203MH2007PTC174622 |
ZEON
TELESERVICES PRIVATE LIMITED |
Director |
01-10-07 |
01-10-07 |
Strike
off |
NO |
|
Name : |
Ms. Sonal Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1972 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
01277322 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
08-05-96 |
08-05-96 |
Active |
NO |
|
2 |
U64203MH2007PTC174622 |
ZEON
TELESERVICES PRIVATE LIMITED |
Director |
01-10-07 |
01-10-07 |
Strike
off |
NO |
|
3 |
U01403MH2010PTC200904 |
KARAMTARA
AGROTECH PRIVATE LIMITED |
Director |
15-03-10 |
15-03-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.09.2011
|
Names of Shareholders |
No. of Shares |
|
Hanwant Manbir Singh |
1250000 |
|
Inderjeet Singh |
1250000 |
|
Tanveer Singh |
1250000 |
|
Rajiv Singh |
1250000 |
|
TOTAL |
5000000 |
AS ON 09.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Transmission, |
|
|
|
|
Products : |
Fabrication, Galvanising, Manufacturing, Erection and Commission of
Telecom and Transmission Towers |
PRODUCTION STATUS
|
Particulars |
Unit |
31.03.2011 |
|
|
|
|
|
Licensed and
Installed Capacity |
MT PA |
60000 |
|
|
|
|
|
Production |
MT PA |
43924.28 |
GENERAL INFORMATION
|
Customers : |
·
Power Grid Corporation of India Limited ·
KEC International ·
Jyoti Structures Limited ·
Kalptaru Power Transmission ·
Gammon India Limited ·
EMCO ·
Tata Projects ·
Adani Power ·
Delhi Transco Limited ·
Reliance Power ·
Maharashtra State Electricity Transmission
Limited ·
Indus Towers Limited ·
WTTIL ·
Vodafone ·
Bharti Airtel ·
Idea Cellular ·
Larsen and Toubro Limited ·
Bharat Heavy Electricals Limited ·
Global Towers Limited ·
IVRCL ·
NTPC ·
NPCIL ·
EIL |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Indusind Bank Limited, 425, Dadasaheb Bhadkamker
Marg, Opera House, Mumbai-400004, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort,
Mumbai-400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Choksi and Choksi Chartered Accountant |
|
Address : |
15/17, Raghavji ‘B’ Building, Ground Floor, Raghavji Road, Off Kemps
Corner, Mumbai-400036, Maharashtra, India |
|
Pan No.: |
AAAFC2633B |
|
|
|
|
Subsidiaries : |
·
Karamtara Steel Private Limited CIN No.:-
U31200MH2005PTC153385 ·
Karamtara Fasteners Private Limited CIN No.:-
U28991MH2003PTC142645 ·
K.T. Engineering FZE ·
Sunder Rolling Mills Private Limited |
|
|
|
|
Associates : |
·
Poona Galvanizers Private Limited ·
Karamtara Agro-tech Private Limited ·
Karamtara Financial Services Private Limited ·
Karamtara Reality Private Limited ·
Zeon Teleservices Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.10/- each |
Rs. 1500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
98.500 |
98.500 |
0.000 |
|
|
3] Reserves & Surplus |
307.451 |
212.978 |
153.064 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
455.951 |
361.478 |
203.064 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
445.139 |
142.996 |
124.909 |
|
|
2] Unsecured Loans |
166.278 |
68.901 |
70.366 |
|
|
TOTAL BORROWING |
611.417 |
211.897 |
195.275 |
|
|
DEFERRED TAX LIABILITIES |
34.332 |
10.735 |
7.839 |
|
|
|
|
|
|
|
|
TOTAL |
1101.700 |
584.110 |
406.178 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
401.761 |
257.973 |
182.910 |
|
|
Capital work-in-progress |
2.898 |
0.417 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
163.997 |
161.590 |
159.101 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
515.628
|
405.065 |
207.805 |
|
|
Sundry Debtors |
832.690
|
413.234 |
625.559 |
|
|
Cash & Bank Balances |
238.462
|
238.215 |
102.228 |
|
|
Other Current Assets |
0.000
|
0.000 |
50.393 |
|
|
Loans & Advances |
167.215
|
107.518 |
91.377 |
|
Total
Current Assets |
1753.995
|
1164.032 |
1077.362 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1065.068
|
812.127 |
800.044 |
|
|
Other Current Liabilities |
105.657
|
140.275 |
107.326 |
|
|
Provisions |
50.226
|
47.500 |
105.825 |
|
Total
Current Liabilities |
1220.951
|
999.902 |
1013.195 |
|
|
Net Current Assets |
533.044
|
164.130 |
64.167 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1101.700 |
584.110 |
406.178 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3120.380 |
2413.533 |
1908.479 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3120.380 |
2413.533 |
1908.479 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2855.340 |
2141.544 |
1652.827 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
265.040 |
271.989 |
255.652 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
121.601 |
109.428 |
102.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
143.439 |
162.561 |
152.713 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.221 |
27.161 |
19.372 |
|
|
|
|
|
|
|
|
|
|
Excess due to
Changes in Depreciation Method |
(40.183) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
166.401 |
135.400 |
133.341 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
66.097 |
50.395 |
49.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
100.304 |
85.005 |
83.545 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Item |
0.000 |
1.692 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.096 |
8.500 |
0.000 |
|
|
|
Proposed Dividend |
5.000 |
20.000 |
0.000 |
|
|
|
Corporate Tax on Dividend |
0.830 |
3.399 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
84.378 |
51.414 |
83.545 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.718 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.718 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.06 |
17.00 |
16.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.21
|
3.52 |
4.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.72
|
9.52 |
10.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.37 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.09
|
3.38 |
5.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.16 |
1.06 |
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. Constructions 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 |
Yes |
|
19. Payments terms |
No |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
Yes |
|
30. Major Shareholders, if available |
Yes |
PERFORMANCE
The Company has
achieved Gross sales of Rs.3311.600 Millions for the year ended March 31, 2011.
The Company posted Net Sales of Rs.3093.900 Millions and profit before tax of
Rs.166.400 Millions for the Financial Year 2010-2011 as against Net Sales of
Rs.2395.200 Millions and profit before tax of Rs.135.400 Millions in 2009-2010.
Earnings Before Interest, Depreciation, Tax and Amortization (EBITDA) was
Rs.265.000 Millions for the Financial Year 2010-2011 as against Rs.272.000
Millions in 2009-2010.
SUBSIDIARY COMPANIES
KARAMTARA STEELS PRIVATE LIMITED
The Company has
achieved Gross Sales of Rs 2584.400 Millions for the year ended March 31, 2011.
The Company posted Net Sales of Rs.2313.900 Millions and profit before tax of Rs.141.000
Millions. Earnings before Interest, Depreciation, Tax and Amortisation (EBITDA)
was Rs. 237.800 Millions.
KARAMTARA FASTENERS PRIVATE LIMITED
The Company has
achieved Gross Sales of Rs 911.200 Millions for the year ended March 31, 2011.
The Company posted Net Sales of Rs.835.400 Millions and profit before tax of
Rs.75.800 Millions. Earnings before Interest, Depreciation, Tax and
Amortization (EBITDA) was Rs. 94.800 Millions.
FORM 8
|
Corporate
identity number of the company |
U45207MH1996PTC099333 |
|
Name of the
company |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
117 Morya Estate Oshivara Link Road, Andheri (West), Mumbai-400053, Maharashtra, India. |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Indusind Bank Limited, 425, Dadasaheb Bhadkamker Marg, Opera House, Mumbai-400004, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
04.04.2012 |
|
Amount secured by
the charge |
Rs. 450.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest To be decided at
the time of drawdown. Terms of repayment First Pari Passu
charge on the current assets of the Co. except project specific receivables
charged to Axis Bk for TATA project and Standard Chartered Bk for PGCIL
project. First Pari Passu
charge on all moveable Fixed Assets of Company situate at B- 8/2, MIDC
Tarapur District, Thane, excluding vehicles and other assets, which have been
specifically charged to other lenders (Realizable value- Dec 2010- Rs 225.600
Millions. Margin Stock - 25% Book debts- 25%
(90 Days ) Extent and operation of the charge Indusind Bank
Limited Behind Opera House, Mumbai- 4, First Charge Holder |
|
Short particulars
of the property charged (Including location of the property) |
First Pari Passu
charge on the current assets of the Company except project specific
receivables charged on Axis Bk for TATA project and Standard Chartered Bk for
PGCIL project. First Pari Passu
charge on all moveable FA of Company situate at B-8/2,MIDC Tarapur District,
Thane, excluding vehicles, which have been specifically charged to other
lenders. Receivable value- Dec 2010- Rs. 225.600 millions |
FIXED ASSETS
·
Factory Building
·
Land
·
Office / Flat / Guest
House
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Computers
·
Motor Car
WEBSITE DETAILS
CORPORATE PROFILE
Founded in 1988, the Karamtara Group has followed a dynamic growth path since
inception. Modern technology and effective strategizing have contributed to its
reputation while raising the bar within the arena. With cutting edge
technology, efficient layout and design planning, the plants are models of
efficiency that optimize resources and deliver quality consistently.
Driven by vision, the Karamtara Group Management opted very early to
take ownership of the auxiliary products in addition to its main range,
preferring to manufacture and develop equipment under its own brand to ensure
quality and timely delivery. Further development, expansion and research led to
the company setting up two Tower Manufacturing Plants, a Fasteners Plant, a
Galvanizing Plant and two Steel Rolling Mills.
The Karamtara Group consists of 3 entitles:
·
Karamtara Engineering Private Limited (KEPL)
·
Karamtara Fasteners Private Limited (KFPL)
·
Karamtara Steel Private Limited (KSPL)
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. 55.59 |
|
|
1 |
Rs. 87.34 |
|
Euro |
1 |
Rs. 70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
53 |
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.