MIRA
INFORM REPORT
|
Report Date : |
12.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARAM CHAND THAPAR AND BROS (COAL SALES) LIMITED |
|
|
|
|
Registered
Office : |
Thapar House, 25 Brabourne Road, Kolkata – 700001, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.04.1943 |
|
|
|
|
Com. Reg. No.: |
21-011283 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.34.504 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1943PLC011283 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK00002C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK1281H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Production and Distribution of Coal. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 43000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a flagship company is the “KCT Group” of Kolkata. It is one
of the largest coal logistics and service companies of India having a fine track
record. The company has achieved a better growth in its net profitability
during 2012. Financial and liquidity position appears to be strong and
healthy. The ratings also take into consideration the established presence in
the coal logistics and services sector and long standing client relationship. The company has also acquired coal mining assets in Indonesia through
in subsidiary which show their diversified business interests. Trade relations are fair. Business is active. Payment terms are regular
and as per commitments. In view of strong group support the subject 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: AA |
|
Rating Explanation |
High degree of safety and low credit risk. |
|
Date |
05.08.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A1+ |
|
Rating Explanation |
Very Strong Degree of safety and lowest
credit risk. |
|
Date |
05.08.2013 |
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.
LOCATIONS
|
Registered Office : |
Thapar House, 25 Brabourne Road, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-40057000 |
|
Fax No.: |
91-33-22428684 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 26.09.2012)
|
Name : |
Mr. Vikramaditya Mohan Thapar |
|
Designation : |
Managing Director |
|
Address : |
E-67, Vasant Marg, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
26.10.1947 |
|
Date of Appointment : |
05.12.2011 |
|
PAN No.: |
ABNPT6299A |
|
DIN No.: |
00030967 |
|
|
|
|
Name : |
Mr. Varun Aditya Thapar |
|
Designation : |
Whole-time Director |
|
Address : |
35/1, Ballygubge Circular, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
05.03.1985 |
|
Date of Appointment : |
29.08.2008 |
|
PAN No.: |
ADOPT2612A |
|
DIN No.: |
02322660 |
|
|
|
|
Name : |
Mr. Anup singh |
|
Designation : |
Director |
|
Address : |
16-A, Palam Marg, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
09.11.1931 |
|
Date of Appointment : |
01.04.1990 |
|
PAN No.: |
ABBPS9770M |
|
DIN No.: |
00012835 |
|
|
|
|
Name : |
Mr. Purushottam Lal Agarwal |
|
Designation : |
Director |
|
Address : |
9, Sarojini Naidu Sarani, 1st Floor, Kolkata – 700017, West
Bengal, India |
|
Date of Birth/Age : |
02.04.1942 |
|
Date of Appointment : |
24.12.1993 |
|
PAN No.: |
AEGPA3678G |
|
DIN No.: |
00069708 |
|
|
|
|
Name : |
Mr. Gopal Krishna Jaidka |
|
Designation : |
Director |
|
Address : |
77, S P Mukherjee Road, Kolkata – 700026, West Bengal, India |
|
Date of Birth/Age : |
03.11.1968 |
|
Date of Appointment : |
29.09.2009 |
|
PAN No.: |
ACVPJ0010A |
|
DIN No.: |
00230657 |
|
|
|
|
Name : |
Mr. Partha Sarathi Bhattacharyya |
|
Designation : |
Director |
|
Address : |
NA15, Sanjeeva Town, Konchpukur, Rajarhat – 700156, West Bengal,
India |
|
Date of Birth/Age : |
27.02.1951 |
|
Date of Appointment : |
22.08.2012 |
|
PAN No.: |
ACZPB3511C |
|
DIN No.: |
00329479 |
|
|
|
|
Name : |
Mr. Vivek Sahai |
|
Designation : |
Director |
|
Address : |
1201B, Shimmering Heights, Near Powai Vihar Complex, Powai, Mumbai –
400076, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1951 |
|
Date of Appointment : |
22.08.2012 |
|
PAN No.: |
ARBPS9464Q |
|
DIN No.: |
01717502 |
KEY EXECUTIVES
|
Name : |
Mr. Shashi Kant Mahajan |
|
Designation : |
Company Secretary |
|
Address : |
4 A and B, 4th Floor, 28 S R Das Road, Kolkata – 700026,
West Bengal, India |
|
Date of Birth/Age : |
09.11.1943 |
|
Date of Appointment : |
28.02.1975 |
|
PAN No.: |
AHVPM3188K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 26.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Lala Jai Ram Das Nanda |
|
25 |
|
Late Inder Mohan Thapar |
|
232458 |
|
Indian City Properties Limited |
|
4287 |
|
Vikram Thapar |
|
88 |
|
Jyoli Thapar |
|
1282 |
|
Central India Agencies (Private) Limited |
|
49928 |
|
The Doaba Industrial and Trading Company Private
Limited |
|
5352 |
|
Ayeaha Thapar |
|
25 |
|
Nitasha Thapar |
|
49 |
|
Karam Chand Thapar and Bros.(J&K) Private
Limited |
|
246 |
|
The Punjab Business and Supply Company Private
Limited |
|
284 |
|
Bucyrus DBT Europe GmbH |
|
863 |
|
Varun Thapar Jointly with Jvoti Thapar |
|
5000 |
|
Jyoti Thapar Jointly with Vikram Thapar |
|
15000 |
|
Ayesha Thapar Jointly with Jvoti Thapar |
|
5000 |
|
Nitasha Thapar Jointly with Jyoti Thapar |
|
5000 |
|
Vikram Thapar Jointly with Jyoti Thapar |
|
20000 |
|
Life insurance Corporation of India |
|
101 |
|
National Insurance Company Limited |
|
49 |
|
Olga M Divecha |
|
1 |
|
|
|
|
|
Total |
|
345038 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Public Financial Companies |
|
0.04 |
|
Bodies corporate |
|
17.66 |
|
Directors or relatives of directors |
|
82.29 |
|
Others |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Production and Distribution of Coal. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
· JK Paper Limited · The West Bengal Power Development Corporation Limited (WBPDCL) · Ballarpur Industries Limited (BILT) · Bokaro Power Supply Corporation Private Limited (BPSCL) · Gujarat Narmada Valley Fertilizers Company Limited (GNFC) · Heinz India Limited · Century Cement · Maihar Cement · Maharashtra State Power Generation Company Limited (MAHAGENCO) · Glaxo Smithkline Consumer Beecham Limited · Nestle India Limited · Punjab State Electricity Board (PSEB) · Gujarat State Electricity Corporation Limited (GSECL) · Tamil Nadu Electricity Board (TNEB) · Star Paper Mills Limited · Jagatjit Cotton Textiles Mills Limited (JCT) · Shriram Rayons · Karnataka Power Corporation Limited (KPCL) · Avantha Power and Infrastructure Limited · HEG Limited · Sukhjit Starch and Chemicals Limited · Haryana Power Generation Corporation Limited · Cement Corporation of India Limited (Rajban UNIT) · Andhra Pradesh Power Generation Corporation Limited · National Aluminium Company Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Oriental Bank of Commerce Brabourne Road Branch, 25 Brabourne Road, Kolkata – 700001, West
Bengal, India · ICICI Bank Limited 22, R. N. Mukherjee Road, Kolkata – 700001, West Bengal, India · The Hong Kong and Shanghai Banking Corporation Limited Hongkong House, 31, B B D Bag, Kolkata – 700001, West Bengal, India · Central Bank of India Jabalpur, Madhya Pradesh, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Subsidiaries Companies : |
· Indian City Properties Limited · Indicon Logistics Limited · West Haryana Highways Projects Private Limited · Thapar Infra Construction India Limited · Karmshil Construction Private Limited · Saundriya Construction Private Limited · Karmath Infrastructure Private Limited (w.e.f. 26-04-2011) · Gems Infrastructures and Developers Private Limited (w.e.f. 01-06-2011) · Anaisha Buildcon Private Limited (w.e.f. 15-07-2011) · Kamya Infrastructures Private Limited (w.e.f. 15-07-2011) · KCT Global Pte. Limited, (w.e.f 10-08-2011) · Rapid Buildcon Private Limited (w.e.f. 02-01-2012) · PT KCT International (w.e.f. 06-01-2012) |
|
|
|
|
Associates : |
· KCT Bros. (J and K) Private Limited · Central India Agencies Private Limited · Doaba Industrial and Trading Company Private Limited · Payal Electronics Private Limited · The Waterbase Limited ·
The Punjab Business and Supply Company Private
Limited |
|
|
|
|
Joint Ventures : |
·
SK E&C KCT |
|
|
|
|
Enterprises/
entities over which key management personnel and/ or their relatives are able
to exercise significant influence: |
· JCT Limited · KCT Trading Private Limited · Karam Chand Thapar and Bros. Limited · Towerbase Services Private Limited |
CAPITAL STRUCTURE
(AS ON 26.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
345038 |
Equity Shares |
Rs.100/- each |
Rs.34.504
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
34.504 |
34.504 |
|
(b) Reserves & Surplus |
|
10782.790 |
10282.256 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
10817.294 |
10316.760 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
83.014 |
83.107 |
|
(b) Deferred tax liabilities (Net) |
|
20.264 |
0.000 |
|
(c) Other long
term liabilities |
|
16.733 |
16.733 |
|
(d) long-term
provisions |
|
9.553 |
10.664 |
|
Total Non-current
Liabilities (3) |
|
129.564 |
110.504 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
346.717 |
1.720 |
|
(b)
Trade payables |
|
433.532 |
162.447 |
|
(c) Other
current liabilities |
|
460.030 |
582.039 |
|
(d) Short-term
provisions |
|
142.022 |
314.317 |
|
Total Current
Liabilities (4) |
|
1382.301 |
1060.523 |
|
|
|
|
|
|
TOTAL |
|
12329.159 |
11487.787 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
722.500 |
232.405 |
|
(ii)
Intangible Assets |
|
2.064 |
1.388 |
|
(iii)
Capital work-in-progress |
|
3.381 |
80.979 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1806.718 |
860.586 |
|
(c) Deferred tax assets (net) |
|
0.000 |
1.367 |
|
(d) Long-term Loan and Advances |
|
606.199 |
146.267 |
|
(e) Other
Non-current assets |
|
61.869 |
118.945 |
|
Total Non-Current
Assets |
|
3202.731 |
1441.937 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
2851.249 |
2045.450 |
|
(b)
Inventories |
|
565.319 |
59.874 |
|
(c) Trade
receivables |
|
1460.678 |
434.664 |
|
(d) Cash
and cash equivalents |
|
3433.937 |
6695.163 |
|
(e)
Short-term loans and advances |
|
688.104 |
527.400 |
|
(f)
Other current assets |
|
127.141 |
283.299 |
|
Total
Current Assets |
|
9126.428 |
10045.850 |
|
|
|
|
|
|
TOTAL |
|
12329.159 |
11487.787 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
34.504 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
9803.071 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
9837.575 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.869 |
|
|
2] Unsecured Loans |
|
|
1.780 |
|
|
TOTAL BORROWING |
|
|
21.649 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9859.224 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
356.587 |
|
|
Capital work-in-progress |
|
|
13.846 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
541.897 |
|
|
DEFERREX TAX ASSETS |
|
|
38.936 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
67.963 |
|
|
Sundry Debtors |
|
|
665.099 |
|
|
Cash & Bank Balances |
|
|
8712.419 |
|
|
Other Current Assets |
|
|
372.260 |
|
|
Loans & Advances |
|
|
1711.228 |
|
Total
Current Assets |
|
|
11528.969 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1071.131 |
|
|
Other Current Liabilities |
|
|
29.165 |
|
|
Provisions |
|
|
1520.715 |
|
Total
Current Liabilities |
|
|
2621.011 |
|
|
Net Current Assets |
|
|
8907.958 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9859.224 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2748.294 |
1199.879 |
1377.799 |
|
|
|
Other Income |
816.105 |
659.987 |
726.905 |
|
|
|
TOTAL (A) |
3564.399 |
1859.866 |
2104.704 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
80.355 |
72.367 |
|
|
|
|
Purchases of stock-in-trade |
2107.157 |
145.704 |
|
|
|
|
Changes in Inventories of Finished Goods, Work-in-progress and
Stock-in-Trade |
(523.353) |
2.253 |
|
|
|
|
Employee Benefit Expenses |
340.708 |
310.793 |
|
|
|
|
Other Expenses |
816.830 |
379.825 |
|
|
|
|
TOTAL (B) |
2821.697 |
910.942 |
943.908 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
742.701 |
948.924 |
1160.796 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.472 |
5.045 |
5.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
721.229 |
943.879 |
1155.426 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
72.262 |
165.595 |
162.354 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
648.967 |
778.284 |
993.072 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
136.271 |
286.938 |
371.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
512.696 |
491.346 |
622.057 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
47.876 |
38.560 |
22.801 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
500.000 |
470.000 |
500.000 |
|
|
|
Proposed Dividend on 3,45,038 Ordinary
Shares @ 30% |
10.351 |
10.351 |
10.351 |
|
|
|
Tax on Proposed Dividend @ 16.995% |
1.679 |
1.679 |
1.719 |
|
|
|
Net loss of transferor Companies for the year 2008-09 |
-- |
-- |
95.452 |
|
|
|
Adjustment on account of Dividend |
-- |
-- |
(1.226) |
|
|
|
Dividend payable on share issued pursuant to amalgamation |
-- |
-- |
0.002 |
|
|
BALANCE CARRIED
TO THE B/S |
48.542 |
47.876 |
38.560 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1,486 |
1,424 |
1,629 |
|
%20LIMITED%20-%20231833%2012-Aug-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
14.38
|
26.42 |
29.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
23.61
|
64.86 |
72.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.17
|
7.38 |
8.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.08 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.60
|
9.47 |
4.40 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 (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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
1.720 |
|
|
|
|
|
Total |
0.000 |
1.720 |
INDEX OF CHARGES
|
S. No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10423874 |
23/04/2013 |
1,150,000,000.00 |
ICICI
BANK LIMITED |
22,
R.N. Mukherjee Road, Kolkata, West Bengal - 700001, India |
B74476953 |
FIXED ASSETS:
· Land
· Building
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computer
·
Other Equipments
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 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 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.61.39 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.81.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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.