MIRA
INFORM REPORT
|
Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO FAB MANUFACTURING LIMITED |
|
|
|
|
Registered
Office : |
12, Hemanta Basu Sarani, 2nd Floor, Kolkata-700069, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
20.03.1995 |
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|
|
|
Com. Reg. No.: |
21-69550 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 33.980 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909WB1995PLC069550 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALT03308E/ CALT01860E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT9478N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Supplier of Turn Key project, Fabrication of Engineering Equipments. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The external borrowings of the company appear to be increasing. There also
exists risk related to volatility in raw material. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
|
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = B |
|
Rating Explanation |
High risk of default |
|
Date |
September 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Mimimal degree of safety and very high credit risk. |
|
Date |
September 2012 |
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
Management Non Co-operative (91-33-30936600)
LOCATIONS
|
Registered Office : |
12, Hemanta Basu Sarani, 2nd Floor, Kolkata-700069, West |
|
Tel. No.: |
91-33-30936600 |
|
Fax No.: |
91-33-30936601 |
|
E-Mail : |
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|
Website : |
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|
|
|
Workshops : |
Located at: ·
Kolkata ·
Chennai ·
Jamshedpur ·
Rourkela |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Bihari Saran Singhania |
|
Designation : |
Director |
|
Address : |
121, Block – F, New Alipore, Kolkata-700053, West Bengal, India |
|
Date of Birth/Age : |
01.02.1961 |
|
Date of Appointment : |
29.12.1998 |
|
DIN No.: |
00774559 |
|
PAN No.: |
ALBPS5947A |
|
|
|
|
Name : |
Ms. Priya Saran Singhania |
|
Designation : |
Director |
|
Address : |
H-1697, 5th Street, 11th Main Road, Anna Nagar- Westl, Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
02.10.1961 |
|
Date of Appointment : |
20.03.1995 |
|
DIN No.: |
01379424 |
|
PAN No.: |
AKOPS4618Q |
|
|
|
|
Name : |
Mr. Gobardhan Singhania |
|
Designation : |
Director |
|
Address : |
H-1698, 5th Street, 11th Main Road, Anna Nagar- Westl, Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
09.01.1965 |
|
Date of Appointment : |
29.12.1998 |
|
DIN No.: |
01379343 |
|
PAN No.: |
AVLPS1852L |
|
|
|
|
Name : |
Mr. Murari Mohan Singhania |
|
Designation : |
Director |
|
Address : |
204E, Road, Sonari West Layout, P.O. Sonari, Jamshedpur-831011, Jharkhand India |
|
Date of Birth/Age : |
27.09.1954 |
|
Date of Appointment : |
28.09.2004 |
|
DIN No.: |
01624790 |
|
PAN No.: |
ALFPS4210G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Priya Saran Singhania |
|
249600 |
|
Sushila Devi Singhania |
|
4200 |
|
Girira] Singhania |
|
16800 |
|
Kiran Singhania |
|
40100 |
|
Anju Singhania |
|
90600 |
|
Govind Prasad Khemka |
|
11000 |
|
MM Singhania (HUF) |
|
12600 |
|
Madhu Agarwal |
|
11000 |
|
Mina Chowdhury |
|
18000 |
|
Sarita Devi Singhania |
|
34000 |
|
P.S. Singhania [H U F) |
|
10000 |
|
Anjana Singhania |
|
11500 |
|
Brijlata Singhania |
|
60100 |
|
Shree Vrindawan Resources Private Limited, India |
|
785300 |
|
Basanti Devi Daruka |
|
7200 |
|
Radha Ballav Singhania |
|
500 |
|
R S Singhania [HUF] |
|
7000 |
|
Shyama Saran Singhania |
|
15000 |
|
Gobardhan Singhania |
|
219600 |
|
Santosh Devi Singhania |
|
4100 |
|
Nira] Singhania |
|
11000 |
|
Bihari Saran Singhania |
|
145050 |
|
Narayani Devi Singhania |
|
2500 |
|
RS Singhania [HUF] |
|
1700 |
|
Alpha Projects Private Limited, India |
|
444000 |
|
Murari Mohan Singhania |
|
267000 |
|
B. S. Singhania HUF |
|
48000 |
|
Gobardhan Singhania HUF |
|
5000 |
|
Sonanki Singhania |
|
60000 |
|
Parmeshwar Tradelink Private Limited, India |
|
735450 |
|
Omkara Enclave Private Limited, India |
|
28000 |
|
Shankar Barter Private Limited, India |
|
14000 |
|
Accurate Vintrade Private Limited, India |
|
5000 |
|
Priority Sales Private Limited, India |
|
23000 |
|
Nidhi Sureka |
|
100 |
|
Total |
|
3398000 |
As on 28.09.2012
|
Names of Allottee |
|
No. of Shares
Allotted |
|
Priya Saran Singhania |
|
14000 |
|
Govind Prasad Khemka |
|
14000 |
|
Kiran Singhania |
|
17000 |
|
Anju Singhania |
|
12000 |
|
Mina Chowdhury |
|
14000 |
|
Sarita Devi Singhania |
|
5000 |
|
Anjana Singhania |
|
14000 |
|
Brijlata Singhania |
|
14000 |
|
Sonanki Singhania |
|
18000 |
|
Total |
|
122000 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
59.88 |
|
Directors or relatives of Directors |
38.07 |
|
Other top fifty shareholders |
2.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Turn Key project, Fabrication
of Engineering Equipments. |
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||||
|
Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· Axis Bank Limited, Corporate Banking Branch (Cbb), 1, Shakespeare Sarani, Ac Market, 3rd Floor,, Kolkata - 700071, West Bengal, India · State Bank of India (Lead Bank), Commercial Branch, N. S. Road, 8, N. S. Road, Kolkata - 700001, West Bengal, India · State Bank of India, SSI Branch, Bhowanipore, 39, Shakespeare Sarani, Kolkata - 700017, West Bengal, India · Punjab National Bank, Lyons Range Branch, 1 R. N. Mukherjee Road, Kolkata - 700001, West Bengal, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Kotak Mahindra Prime Limited, 36-38A Nariman Bhavan,, 227, Nariman Point,, Mumbai - 400021, · Maharashtra, India · Dhanlaxmi Bank Limited, 11/1 Sarat Bose Road, Ideal Plaza, Kolkata - 700020, West Bengal, India · Centurion Bank Limited, Durga Niwas, Mahatma Gandhi Road, Panji - 400001, Goa, India |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
--- |
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|
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Financial Institutions : |
· Bajaj Finance Limited, Akurdi Pune-, Pune - 411035, Maharashtra, India · L and T Finance Limited, L and T House,, Ballard Estate,, Mumbai - 400001, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
Agarwak and Friends Chartered Accountants |
|
Address : |
36Al, |
|
PAN No.: |
AAEFA8118K |
|
|
|
|
Associates : |
· Gajanand Udyog Private Limited · Techno Fab Equipment Industries ·
Shree Vrindavan Resources Private Limited |
CAPITAL STRUCTURE
After 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3520000 |
Equity Shares |
Rs.10/- each |
Rs.35.200
Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3398000 |
Equity Shares |
Rs.10/- each |
Rs.33.980
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 |
|
33.980 |
33.280 |
|
(b) Reserves & Surplus |
|
291.090 |
239.417 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
10.500 |
|
Total
Shareholders’ Funds (1) + (2) |
|
325.070 |
283.197 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
104.631 |
71.406 |
|
(b) Deferred tax liabilities (Net) |
|
15.174 |
13.507 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
119.805 |
84.913 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
393.597 |
308.833 |
|
(b) Trade payables |
|
504.930 |
220.501 |
|
(c) Other current
liabilities |
|
36.914 |
79.026 |
|
(d) Short-term provisions |
|
11.850 |
11.401 |
|
Total Current Liabilities (4) |
|
947.291 |
619.761 |
|
|
|
|
|
|
TOTAL |
|
1392.166 |
987.871 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
161.633 |
140.761 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
5.517 |
2.637 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.467 |
0.467 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
6.195 |
5.143 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
173.812 |
149.008 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
341.106 |
249.763 |
|
(c) Trade receivables |
|
748.046 |
493.485 |
|
(d) Cash and cash
equivalents |
|
82.872 |
62.466 |
|
(e) Short-term loans and
advances |
|
46.330 |
33.149 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1218.354 |
838.863 |
|
|
|
|
|
|
TOTAL |
|
1392.166 |
987.871 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
33.280 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
202.634 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
235.914 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
383.089 |
|
|
2] Unsecured Loans |
|
|
23.923 |
|
|
TOTAL BORROWING |
|
|
407.012 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.611 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
654.537 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
137.930 |
|
|
Capital work-in-progress |
|
|
2.036 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.418 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
284.164 |
|
|
Sundry Debtors |
|
|
425.347 |
|
|
Cash & Bank Balances |
|
|
62.851 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
59.507 |
|
Total
Current Assets |
|
|
831.869 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
290.158 |
|
|
Other Current Liabilities |
|
|
16.343 |
|
|
Provisions |
|
|
11.215 |
|
Total
Current Liabilities |
|
|
317.716 |
|
|
Net Current Assets |
|
|
514.153 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
654.537 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1483.580 |
1249.940 |
1266.630 |
|
|
|
Other Income |
4.434 |
3.478 |
5.654 |
|
|
|
TOTAL (A) |
1488.014 |
1253.418 |
1272.284 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
766.296 |
403.283 |
|
|
|
|
Purchases of stock-in-trade |
205.188 |
396.129 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(72.086) |
42.567 |
1160.976 |
|
|
|
Employee benefit expense |
39.572 |
22.821 |
|
|
|
|
Other expenses |
378.478 |
259.197 |
|
|
|
|
TOTAL (B) |
1317.448 |
1123.997 |
1160.976 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
170.566 |
129.421 |
111.308 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
99.798 |
68.516 |
53.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
70.768 |
60.905 |
57.783 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.828 |
6.193 |
6.954 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
61.940 |
54.712 |
50.829 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.068 |
17.930 |
15.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
41.872 |
36.782 |
35.131 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
133.996 |
97.214 |
62.083 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
175.868 |
133.996 |
97.214 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.41 |
11.05 |
11.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.81
|
2.93 |
2.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.18
|
4.38 |
4.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.47
|
5.56 |
5.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.19 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.53
|
1.34 |
1.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.35 |
2.62 |
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 |
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 |
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 |
Note:
The Registered office of the company has been shifted from 1, Garstin
Place, 1st Floor, Kolkata-700001, West Bengal, India to present
address w.e.f. 17.06.2008
GENERAL REVIEW
The Company has achieved a Gross Turnover of Rs. 1483.580 Millions in the current year as compared to Rs.1249.940 Millions in the previous year, resulting in an increase of 18.48 % in total revenue of the Company.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Deposits from others |
46.000 |
14.676 |
|
Loans and advances from directors |
0.449 |
0.000 |
|
Loans and advances from others |
1.650 |
0.604 |
|
Total |
48.099 |
15.280 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured Rs. In Millions |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10437293 |
21/06/2013 |
1.040 |
Axis Bank Limited |
Rac - Kolkata, Lords Building, 1st Floor, 7/1, Lord Sinha Road, Kolkata - 700071, West Bengal, India |
B79788667 |
|
2 |
10420334 |
01/03/2013 |
1212.900 |
STATE BANK OF INDIA (LEAD BANK) |
Commercial Branch, N. S. Road, 8, N. S. Road, Kolkata - 700001, West Bengal, India |
B73355646 |
|
3 |
10392307 |
14/11/2012 |
0.922 |
AXIS BANK LIMITED |
7/1, Lord Sinha Road, Kolkata - 700071, West Bengal, India |
B64266331 |
|
4 |
10371179 |
25/06/2012 |
2.685 |
BAJAJ FINANCE LIMITED |
Akurdi Pune-, Pune - 411035, Maharashtra, India |
B55891576 |
|
5 |
10355149 |
28/04/2012 |
2.764 |
AXIS BANK LIMITED |
7/1, Lord Sinha Road, Kolkata - 700071, West Bengal, India |
B39453279 |
|
6 |
10353843 |
21/03/2012 |
0.794 |
AXIS BANK LIMITED |
7/1, Lord Sinha Road, Kolkata - 700071, West Bengal, India |
B38991675 |
|
7 |
10343354 |
28/02/2012 |
5.436 |
L and T FINANCE LIMITED |
L and T House,, Ballard Estate, Mumbai - 400001, Maharashtra , India |
B35525641 |
|
8 |
10338843 |
01/03/2013 * |
1186.600 |
STATE BANK OF INDIA (LEAD BANK) |
Commercial Branch, N. S. Road, 8, N. S. Road, Kolkata - 700001, West Bengal, India |
B71911838 |
|
9 |
10338866 |
06/01/2012 |
39.600 |
STATE BANK OF INDIA (LEAD BANK) |
Commercial Branch, N. S. Road, 8, N. S. Road, Kolkata - 700001, West Bengal, India |
B33537887 |
|
10 |
10331416 |
30/11/2011 |
0.840 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A Nariman Bhavan, 227, Nariman Point, Mumbai - 400021, Maharashtra, India |
B30445324 |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electrical Installation
· Office Equipment
· Furniture and Fixture
· Motor Car
· Compute3r
· Patent
· Water Supply System
· Technical Know how
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.58.94 |
|
|
1 |
Rs.90.48 |
|
Euro |
1 |
Rs.77.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.