1. Summary Information
|
Country |
India |
||
|
Company Name |
Tamra Dhatu Udyog Private Limited |
Principal Name 1 |
Mr. Ram Kumar Singhee |
|
Status |
Moderate |
Principal Name 2 |
Mr. Mahesh Kumar Singhee |
|
Registration # |
21-109251 |
||
|
Street Address |
2, N.C. Dutta
Sarani, Sagar Estate, 7th Floor, R. No.709, Kolkata – 700001, West Bengal, India |
||
|
Established Date |
10.05.2006 |
SIC Code |
-- |
|
Telephone# |
91-33-22315602 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-40649143 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Ferrous and Non Ferrous
Materials |
|
|
# of employees |
730
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.74,275, 000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies
corporate- 48.00%, Directors or relatives of directors- 52.00% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
7 years |
|
IPO |
No |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
B (36) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Associates |
-- |
Dmp Projects
Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
950,329,000 |
Current Liabilities |
340,860,000 |
|
Inventories |
190,698,000 |
Long-term Liabilities |
498,553,000 |
|
Fixed Assets |
34,620,000 |
Other Liabilities |
547,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
839,960,000 |
|
Invest& other Assets |
88,255,000 |
Retained Earnings |
349,667,000 |
|
|
|
Net Worth |
423,942,000 |
|
Total Assets |
1,263,902,000 |
Total Liab. & Equity |
1,263,902,000 |
|
Total Assets (Previous Year) |
682,045,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
5,615,600,000 |
Net Profit |
40,998,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
13,606,000 |
MIRA INFORM REPORT
|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAMRA DHATU UDYOG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, N.C. Dutta Sarani, Sagar Estate, 7th Floor, R.
No.709, Kolkata – 700001, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
10.05.2006 |
|
|
|
|
Com. Reg. No.: |
21-109251 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.74.275 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209WB2006PTC109251 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALT04073G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT4447K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Distributors of Ferrous and Non Ferrous Materials. |
|
|
|
|
No. of Employees
: |
730 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1690000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The financial
for the year 2012 is not available. As per the previous year’s, the performance seems to be satisfactory.
Trade relations are reported to be fair. Business is active. Payments are
reported to be unknown. 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) |
|
|
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 |
CRISIL |
|
Rating |
Long term Rating: BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely
servicing of financial obligation, it carry moderate credit risk. |
|
Date |
30, October |
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 PARTED BY (General Details)
|
Name : |
Mr. Rishabh Mohta |
|
Designation : |
Chief Operating Officer |
|
Contact No.: |
91-9820121278 |
|
Date : |
26.07.2013 |
LOCATIONS
|
Registered/
Corporate Office : |
2, N.C. Dutta Sarani, Sagar Estate, 7th Floor, R.
No.709, Kolkata – 700001, West Bengal,
India |
|
Tel. No.: |
91-33-22315602/ 05 |
|
Mobile No.: |
91-9820121278 (Mr. Rishabh Mohta) |
|
Fax No.: |
91-33-40649143 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
SP2-873, RIICO Industrial Area, Pathredi, Bhiwadi – 301019, Rajasthan,
India |
|
Location : |
Owned |
|
|
|
|
Branch Office 1: |
C-17, Wazirpur Industrial Area, New Delhi – 110052, India |
|
|
|
|
Branch Office 2: |
Suit No.402, Vipul Trade Centre, Sohna Road, Sector – 48, Gurgaon –
122018, Haryana, India |
|
|
|
|
Branch Office 3: |
Suit # 402-B1, Marathon Innova, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
|
|
|
|
Branch Office 4: |
S. Y. No.278, Godown No.1, Phase – 3, Jeedemetla Industrial Area,
Hyderabad – 500055, Andhra Pradesh, India
|
|
|
|
|
Branch Office 5: |
B – 504, GIDC Industrial Estate, Phase – IV, Vatra, Ahmedabad –
382445, Gujarat, India |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Ramkumar Damodar Singhee |
|
Designation : |
Director |
|
Address : |
26, P.K. Tagore Street, Kolkata – 700006, West Bengal, India |
|
Date of
Birth/Age : |
02.01.1979 |
|
Date of
Appointment : |
10.05.2006 |
|
Election
Commission Identity Card No.: |
DPD1866979 |
|
DIN No.: |
01220733 |
|
|
|
|
Name : |
Mr. Maheshkumar Gordhan Singhee |
|
Designation : |
Director |
|
Address : |
26, P.K. Tagore Street, Kolkata – 700006, West Bengal, India |
|
Date of
Birth/Age : |
13.03.1978 |
|
Date of
Appointment : |
10.05.2006 |
|
Election
Commission Identity Card No.: |
DPD1866987 |
|
DIN No.: |
00755818 |
|
|
|
|
Name : |
Mr. Damodar Das Makhanlal Singhee |
|
Designation : |
Director |
|
Address : |
26, P.K. Tagore Street, Kolkata-700006, West Bengal, India |
|
Date of
Birth/Age : |
09.09.1950 |
|
Date of
Appointment : |
01.04.2010 |
|
Election
Commission Identity Card No.: |
WB21142153212 |
|
DIN No.: |
01070418 |
KEY EXECUTIVES
|
Name : |
Mr. Rishabh Mohta |
|
Designation : |
Chief Operating Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ramkumar Damodar Singhee |
|
645000 |
|
Maheshkumar Gordhan Singhee |
|
605000 |
|
Ramkumar Damodar Singhee |
|
400000 |
|
Maheshkumar Gordhan Singhee |
|
360000 |
|
Ujwal Singhee |
|
320000 |
|
DMP Projects Private Limited, India |
|
850166 |
|
Ratan Projects and Engineering Company Private Limited, India |
|
621000 |
|
Gagan Suppliers Private Limited, India |
|
1964633 |
|
Damodar Das Singhee |
|
404000 |
|
Gordhan Das Singhee |
|
410000 |
|
Damodar Das Singhee |
|
849978 |
|
Anuradha Mohta |
|
1 |
|
Priyanka Exim Private Limited, India |
|
6000 |
|
Vaishnodevi Stockist (Private) Limited, India |
|
4750 |
|
Divyprakash Suppliers (Private) Limited, India |
|
6000 |
|
Everbright Vinimay Private Limited, India |
|
1000 |
|
Premier Infraproperties (Private) Limited, India |
|
12000 |
|
Decent Stockist Private Limited, India |
|
7000 |
|
Ultraplus Reality Private Limited, India |
|
3500 |
|
Mangalmurti Nirman Private Limited, India |
|
9400 |
|
PMC Alloys Private Limited, India |
|
3000 |
|
Growfast Realtors Private Limited, India |
|
20000 |
|
Seavenseas Realtors (Private) Limited, India |
|
20000 |
|
Khusboo Complex, Private Limited, India |
|
25000 |
|
Nextgen Tradecom Private Limited, India |
|
14900 |
|
Rajlaxmi Dealcomn Private Limited, India |
|
9600 |
|
Murlidhar Infraprop (Private) Limited, India |
|
8000 |
|
Ramganga Sales Private Limited, India |
|
2000 |
|
Vayshna Distributors (Private) Limited, India |
|
20000 |
|
Lavallena Traders Private Limited, India |
|
30000 |
|
Dependable Tradecom (Private) Limited, India |
|
2500 |
|
Mangalmayee Hirise Private Limited, India |
|
25000 |
|
Success Infrastruct (Private) Limited, India |
|
800 |
|
|
|
|
|
Total |
|
7660228 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies
corporate |
|
48.00 |
|
Directors
or relatives of directors |
|
52.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Distributors of Ferrous and Non Ferrous
Materials. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
730 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· State Bank of India Overseas Bank, “Samriddhi Bhawan”, 1 Strand Road, Kolkata – 700001, West Bengal, India · Bank of Baroda India Exchange Branch, 4, India Exchange Palace, Kolkata-700001, West Bengal, India · Allahabad Bank Industrial Finance Branch, 17, R.N. Mukherjee Road, 4th Floor, Kolkata-700001, West Bengal, India · Corporation Bank Canning Street Branch, 86, Canning Street, Kolkata-700001, West Bengal, India · Union Bank of India Ezra Street Branch, 55/28 Ezra Street, Kolkata-700001, West Bengal, India · Hong Kong and Shanghai Banking Corporation Ultandanga Branch, Kolkata, West Bengal, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dilip Kumar Krnani Chartered Accountants |
|
Address : |
125, N.S. Road, Kolkata-700001, West Bengal, India |
|
Tel. No.: |
91-33-22685668/22700458 |
|
PAN No.: |
AGFPK0201Q |
|
|
|
|
Relate Parties : |
·
D M Company ·
R M Enterprise ·
Sumo Metallic Private Limited
[U27100WB2007PTC121033] |
|
|
|
|
Associates : |
·
Dmp Projects Private Limited [U27109WB2006PTC107513] ·
Ratan Projects and Engineering Company Private
Limited [U74210WB2008PTC121557] |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8380000 |
Equity Shares |
Rs. 10/- each |
Rs.83.800 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7660228 |
Equity Shares |
Rs. 10/- each |
Rs.76.602
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8380000 |
Equity Shares |
Rs. 10/- each |
Rs.83.800 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5930978 |
Equity Shares |
Rs. 10/- each |
Rs.59.310
Millions |
|
1496500 |
Suspense Equity Shares |
Rs. 10/- each |
Rs.14.965
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.74.275 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 |
74.275 |
50.810 |
44.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
349.667 |
157.389 |
85.193 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
423.942 |
208.199 |
129.493 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
469.625 |
242.966 |
39.284 |
|
|
2] Unsecured Loans |
28.928 |
20.226 |
0.086 |
|
|
TOTAL BORROWING |
498.553 |
263.192 |
39.370 |
|
|
DEFERRED TAX LIABILITIES |
0.547 |
0.234 |
0.038 |
|
|
|
|
|
|
|
|
TOTAL |
923.042 |
471.625 |
168.901 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
34.620 |
15.294 |
4.543 |
|
|
Capital work-in-progress |
56.198 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
32.057 |
22.135 |
13.450 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
190.698
|
79.312 |
22.702 |
|
|
Sundry Debtors |
678.068
|
355.688 |
137.479 |
|
|
Cash & Bank Balances |
115.647
|
150.997 |
41.075 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
156.614
|
58.619 |
10.753 |
|
Total
Current Assets |
1141.027
|
644.616 |
212.009 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
293.094
|
171.028 |
|
|
|
Other Current Liabilities |
47.766
|
38.914 |
60.752 |
|
|
Provisions |
0.000
|
0.478 |
0.572 |
|
Total
Current Liabilities |
340.860
|
210.420 |
61.324 |
|
|
Net Current Assets |
800.167
|
434.196 |
150.685 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.223 |
|
|
|
|
|
|
|
|
TOTAL |
923.042 |
471.625 |
168.901 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5615.600 |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
88.856 |
30.523 |
4.609 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.928 |
8.727 |
0.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
64.928 |
21.796 |
4.397 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.270 |
1.095 |
0.175 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
62.658 |
20.701 |
4.222 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.660 |
7.095 |
1.327 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
40.998 |
13.606 |
2.895 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.599 |
3.993 |
1.106 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Short Provision For Income Tax |
0.000 |
0.000 |
0.008 |
|
|
BALANCE CARRIED
TO THE B/S |
58.597 |
17.599 |
3.993 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.91 |
2.67 |
0.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.12
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.33
|
3.14 |
1.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.10 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.18
|
1.26 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.35
|
3.06 |
3.45 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one 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 |
Yes |
|
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Working capital loans |
28.928 |
20.226 |
|
|
|
|
|
Total |
28.928 |
20.226 |
NOTE:
The registered office of the company has been shifted from 26, Prasanna Kumar Tagore Street, Kolkata – 700006, West Bengal, India to the present address w.e.f. 24.06.2009.
ACQUISITION OF
D.M. COMPANY:
The company by an
Agreement dated 31st March, 2010 has acquired D. M. Company, a proprietary
concern with effect from 1st April, 2010 as a Going Concern. D. M. Company was
engaged in retail trading of non ferrous metals like Copper, Zinc, Aluminium
and its products. This acquisition is coherent with the current corporate trend
of expansion via strategic acquisition at group level this acquisition resulted
in
1. Creation of a
combined base of higher profitability and assets.
2. Benefits of
horizontal integration, efficient utilization of their resources, greater
economies of scale
3. Unlocking the
true potential of the combined resources
4. Providing an
access to a combined pool of marketing set up and unhindered leveraging of
common financial and managerial resources in pursuit of a unified strategy.
Amalgamation of Sumangal Commotrade Private Limited and Bhagyalakshmi Dealcomm
Private Limited with the Company. During the year, a Scheme of Amalgamation
(the scheme) of Sumangal Commotrade Private Limited (SCPL) and Bhagyalakshmi
Dealcomm Private Limited (BDPL) with the Company was approved by the members of
the Company at meeting held on 20th December,2010 and subsequently
sanctioned by the Honorable High Courts of Judicature at Calcutta vide their
order dated 18th May, 2011. The certified copies of the said orders
were filled with Ministry of Company Affairs on 23th July, 2011. The transfer
date being 1st April, 2010, the income accruing and expenses
incurred by SCPL and BDPL during the period from 1st April, 2010 to
31st March, 2011 have also been incorporated in these accounts. SCPL
and BDPL were both engaged in investment business. The merger has resulted in
1. Formation of a larger and stronger entity having large capital and asset
base. 2. Greater capacity for conducting its operations efficiently and
competitively.
PERFORMANCE AND OPERATIONS REVIEW:
The Company
completed another year of excellent performance with strong top line growth and
high quality earnings. Gross turnover for the year grew by 101.05% to
Rs.5624.800 Millions. Net Turnover other than other Income at Rs.5615.600
Millions grew by 100.95%. PBT at Rs.62.400 Millions grew by 201%.As the
turnover of the company grew; this enabled the company to negotiate further
with suppliers/vendors. Increase in direct imports enabled the company to be
more competitive. The company has established two more branch offices at
Hyderabad and Vadodara and as such now company has its presence in all four
zones of India.
UPCOMING PROJECTS:
With a vision of
long term business company has taken its first step to enter into manufacturing
segment by establishing a factory in the Northern part of India. Company is
entering into manufacturing of Copper Conductor, Strips and Magnet wire
segment. With company's experience and established relation with the India's
leading OEM in power segment, company is looking this as an opportunity to
transform itself from a Trader to a Manufacturer cum Trader on pan India basis.
The company has selected Bhiwadi as an ideal location for this project because
of the growing demand of cable industries in and around the area nevertheless to
mention here that in last 2 years the company has develop a very strong
relation with the existing cable producers in and around Bhiwadi region The
Company understand the growing concern for the quality product and therefore
has selected Niehoff of India Private Limited, Andhra Pradesh a wholly owned
subsidiary of M/s maschinenfabrik niehoff GmbH and Co.KG., Germany who are the
world leader for supply of wire drawing plant. With this venture the company is
confident to make new record next year both in terms and volume and profit.
MANAGEMENT DISCUSSION AND ANALYSIS:
Industry Structure
and Development Non -ferrous metal mainly copper and zinc which is a reflection
to the global economics and raw materials the power Industries has been growing
at a pace of 20% driven by the power and infrastructure within India, data
reflects that the growth in copper industry is more than 20% and zinc
consumption has also increased by 15% in India. There are three major players
in India in copper industries namely, Hindustan
Copper Limited,
Sterlite Industries (I) Limited and Birla Copper: Unit of Hindalco Industries
Limited. Beside this there are several small secondary manufacturer and
Importers who are regularly meeting the demand of India. Copper market is in
exess of 4 lacs ton and the company is having a share of 2% of the Indian
copper industries. Although this is just a humble beginning and we have many
milestones to cover. Zinc Market is duopoly in India with major shares with
Hindustan Zinc Limited than followed by Binani Zinc Limited. Beside these two
there are lots of imports that are coming to India. Beside several small
importers even large trading houses like MMTC also have a sizable amount of
imports share in India. Their relations with both Hindustan Zinc Limited and
MMTC have helped the company to make their domestic presence and the number has
grown both in Quantity and Values. Finance During the year, the liquidity
position of the company was satisfactory. In-spite of spurt of borrowing cost in
the year, the company comfortably met its borrowings need for working capital
requirement through its bankers and own funds.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge Amount
Secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10355185 |
21/03/2012 |
73,800,000.00 |
CORPORATION BANK |
CANNING STREET
BRANCH, 86, CANNING STREET, KOLKATA, WEST BENGAL - 700001, INDIA |
B39460977 |
|
2 |
10288302 |
28/04/2012 * |
995,000,000.00 |
BANK OF BARODA |
INDIA EXCAHNGE
BRANCH, 4, INDIA ECHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA |
B38230108 |
|
3 |
10264186 |
03/10/2012 * |
1,150,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE
BRANCH, 17, R. N. MUKHERJEE ROAD, 4TH FLOOR, KOLKATA, WEST BENGAL - 700001,
INDIA |
B59885038 |
* Date of charge modification
FIXED ASSETS:
· Land
· Office Equipments
· Computers
· Electrical Fittings
· Television
· Vehicles
· Air Conditioner
· Xerox Machine
· Refrigerator
· Furniture and Fixtures
· Scooter
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] 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.59.30 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.