MIRA
INFORM REPORT
|
Report Date : |
12.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRACTORS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.06.1995 |
|
|
|
|
Com. Reg. No.: |
21-072501 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 45.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29150WB1995PTC072501 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALT05207G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT1656K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged is in a dealership business of Caterpillar products and its business
segments are as follows: - Construction
and Mining Solutions (CMS) - engaged as a dealer for Caterpillar Inc. USA for
their earthmoving, construction mining equipment’s, spares etc. and providing
related services in Eastern and Northern India and - Power Systems
Solutions (PSS) - engaged in assembly, supply, erection and commissioning of
Generating Sets powered by Caterpillar engines and dealing in spares etc and
providing related services in Eastern and Northern India and |
|
|
|
|
No. of Employees
: |
600 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary at TIL Limited and is responsible
for the caterpillar’s business of construction, mining and power system
solutions. The company has seen a dip in its sales turnover as well as net
profitability, whereas the net worth appears to be decent during 2013. The
ratings also take into consideration the elongation of operating cycle and
deterioration in overall gearing ratio. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of long standing experience at the promoters and established track
in dealership business, the subject can be considered normal 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) |
|
India |
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A- (Long Term Bank Facilities) |
|
Rating Explanation |
Adequate degree of safety regarding timely servicing at financial
obligations. |
|
Date |
25.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A2+ (Short Term Bank Facilities) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
25.03.2013 |
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 : |
1, Taratolla Road, Garden Reach, Kolkata-700 024, West Bengal, India |
|
Tel No: |
91-33-24694371/24693732 |
|
Fax No.: |
91-33-24693761/24693731 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office: |
30 Branches all over India |
DIRECTORS
AS ON 30.07.2012
|
Name : |
Mr. Aloke Banerjee |
|
Designation : |
Directors |
|
Address : |
Flat No. 3A, 28 Shymananda Road, Kolkata- 700 025, West Bengal, India |
|
Date of Birth/Age : |
01.12.1954 |
|
Date of Appointment : |
30.01.1999 |
|
DIN No.: |
00609491 |
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 |
U74140WB1986PTC040313
|
TIL
INTERNATIONAL PRIVATE LIMITED |
Director |
12/01/1997 |
12/01/1997 |
Active |
NO |
|
2 |
U65993WB1986PTC040311
|
TIL FINANCE
PRIVATE LIMITED |
Director |
12/01/1997 |
12/01/1997 |
Active |
NO |
|
3 |
U74140WB1986PTC040312
|
SPUNDISH
ENGINEERS AND CREDIT PRIVATE LIMITED |
Director |
12/01/1997 |
12/01/1997 |
Active |
NO |
|
4 |
U65921WB1995PLC071510
|
SUMMIT EARTH
MOVING EQUIPMENTS LIMITED |
Director |
30/01/1999 |
30/01/1999 |
Active |
NO |
|
5 |
U29150WB1995PLC072500
|
CRANES AND
EQUIPMENTS INDIA LIMITED |
Director |
30/01/1999 |
30/01/1999 |
Active |
NO |
|
6 |
U29150WB1995PTC072501
|
TRACTORS INDIA
PRIVATE LIMITED |
Whole-time
director |
29/07/2010 |
30/01/1999 |
Active |
NO |
|
7 |
U19201WB1991PTC053292
|
YUTE ES-PECIAL
INDIA PRIVATE LIMITED |
Director |
19/04/2001 |
19/04/2001 |
Strike off |
NO |
|
Name : |
Mr. Sumit Mazumdar |
|
Designation : |
Managing Director |
|
Address : |
5 A and B, Arjun Enclave, 12 C Judges Court Road, Kolkata-700027, West
Bengal, India |
|
Date of Birth/Age : |
11.02.1948 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00116654 |
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 |
U99999MH1974PTC017460
|
TIL LIMITED |
Managing
director |
01/06/1994 |
01/06/1994 |
Not Available
for eFiling |
NO |
|
2 |
L74999WB1974PLC041725
|
TIL LIMITED |
Managing
director |
01/06/2009 |
01/06/1994 |
Active |
NO |
|
3 |
U51109WB1996PTC077009
|
MARBELLOUS
TRADING PRIVATE LIMITED |
Director |
25/09/2006 |
25/09/2006 |
Active |
NO |
|
4 |
U51109WB1995PTC068308
|
SALGURN
MERCHANTS PRIVATE LIMITED |
Director |
18/12/2006 |
18/12/2006 |
Active |
NO |
|
5 |
U27109WB1996PTC079606
|
BP COMMODITIES
PRIVATE LIMITED |
Director |
18/12/2008 |
18/12/2008 |
Active |
NO |
|
6 |
U52190WB2009PTC137548
|
SUBHMANGAL
TRACOM PRIVATE LIMITED |
Director |
16/08/2010 |
17/08/2009 |
Active |
NO |
|
7 |
U51109WB2007PTC117014
|
ANSUYA AGENCIES
PRIVATE LIMITED |
Director |
31/05/2010 |
14/09/2009 |
Active |
NO |
|
8 |
U02005WB1949PLC018363
|
PAHARPUR COOLING
TOWERS LIMITED |
Director |
30/09/2010 |
29/12/2009 |
Active |
NO |
|
9 |
U29150WB1995PTC072501
|
TRACTORS INDIA
PRIVATE LIMITED |
Managing
director |
29/07/2010 |
01/04/2010 |
Active |
NO |
|
10 |
U91990WB1907GAP001754
|
THE BENGAL CLUB
LIMITED |
Director |
05/04/2011 |
05/04/2011 |
Active |
NO |
|
11 |
U85300WB1926GAP005585
|
INDIAN CHAMBER
OF COMMERCE CALCUTTA |
Director |
24/07/2012 |
30/06/2011 |
Active |
NO |
|
12 |
U75142WB1967SGC026988
|
WEST BENGAL
INDUSTRIAL DEVELOPMENT CORPN LIMITED |
Additional
director |
23/05/2013 |
23/05/2013 |
Active |
NO |
|
Name : |
Venkata Ramana Murthy Garigipati |
|
Designation : |
Whole Time Director |
|
Address : |
C-8/8194, Vasant Kunj, New Delhi-110070, India |
|
Date of Birth/Age : |
29.05.1957 |
|
Date of Appointment : |
01.04.2010 |
|
Date of Cessation : |
06.11.2012 |
|
DIN No.: |
02563864 |
|
|
|
|
Name : |
Mr. Tridibesh Mukherjee |
|
Designation : |
Director |
|
Address : |
Northern Town, Jamshedpur-831001, Jharkhand, India |
|
Date of Birth/Age : |
13.10.1942 |
|
Date of Appointment : |
30.03.2010 |
|
DIN No.: |
00004777 |
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 |
L27310WB1990PLC050000
|
TATA METALIKS
LIMITED |
Director |
26/06/1995 |
26/06/1995 |
11/01/2008 |
Active |
NO |
|
2 |
U24111JH1995PLC009020
|
JAMIPOL LIMITED |
Director |
12/10/1999 |
12/10/1999 |
28/12/2007 |
Active |
NO |
|
3 |
L27100MH1907PLC000260
|
TATA STEEL
LIMITED |
Director |
28/08/2008 |
01/08/2000 |
31/03/2009 |
Active |
NO |
|
4 |
U00000WB2001PLC115841
|
MJUNCTION
SERVICES LIMITED |
Nominee director
|
07/01/2002 |
07/01/2002 |
29/12/2007 |
Active |
NO |
|
5 |
U63090WB2002PLC094134
|
TM INTERNATIONAL
LOGISTICS LIMITED |
Nominee director
|
18/01/2002 |
18/01/2002 |
29/12/2007 |
Active |
NO |
|
6 |
L24239MH1939PLC002893
|
TATA CHEMICALS
LIMITED |
Director |
04/03/2002 |
04/03/2002 |
30/03/2009 |
Active |
NO |
|
7 |
U23101WB2005PLC101608
|
HOOGHLY MET COKE
AND POWER COMPANY LIMITED |
Director |
10/02/2005 |
10/02/2005 |
11/01/2008 |
Amalgamated |
NO |
|
8 |
L74999WB1974PLC041725
|
TIL LIMITED |
Director |
28/07/2009 |
04/06/2009 |
- |
Active |
NO |
|
9 |
U55101WB1983PLC036362
|
NICCO
CORPORATION LIMITED |
Director |
16/09/2009 |
10/08/2009 |
- |
Active |
NO |
|
10 |
U75142WB1967SGC026988
|
WEST BENGAL
INDUSTRIAL DEVELOPMENT CORPN LIMITED |
Director |
30/12/2010 |
30/12/2009 |
- |
Active |
NO |
|
11 |
L65993TN2004PLC052856
|
RANE (MADRAS)
LIMITED |
Director |
19/07/2010 |
18/01/2010 |
- |
Active |
NO |
|
12 |
L25209PN1961PLC012046
|
BHARAT FORGE
LIMITED |
Director |
26/07/2010 |
23/01/2010 |
- |
Active |
NO |
|
13 |
U29150WB1995PTC072501
|
TRACTORS INDIA
PRIVATE LIMITED |
Director |
29/07/2010 |
30/03/2010 |
- |
Active |
NO |
|
14 |
U85110KA1989PLC013224
|
TATA ADVANCED
MATERIALS LIMITED |
Director |
18/08/2011 |
10/06/2011 |
- |
Active |
NO |
|
15 |
L51109WB1974PLC029637
|
IFB INDUSTRIES
LIMITED |
Director |
29/07/2011 |
29/07/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.07.2012
|
Names of Shareholders |
No. of Shares |
|
TIL Limited, India |
4499980 |
|
Avijit Mazumdar |
10 |
|
Sumit Mazumdar |
10 |
|
TOTAL
|
4500000 |
AS ON 30.07.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged is in a dealership business of Caterpillar products and its business
segments are as follows: - Construction
and Mining Solutions (CMS) - engaged as a dealer for Caterpillar Inc. USA for
their earthmoving, construction mining equipment’s, spares etc. and providing
related services in Eastern and Northern India and Bhutan. - Power Systems Solutions (PSS) - engaged in assembly, supply,
erection and commissioning of Generating Sets powered by Caterpillar engines
and dealing in spares etc and providing related services in Eastern and
Northern India and Bhutan. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
600 [Approximately] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, 3A, Gurusaday
Road, Kolkata-700019, West Bengal, India ·
State Bank of India, Industrial Finance Branch,
Kolkata, 11, Dr. U N Brahmachari Street, Kolkata-700017, West Bengal, India ·
Bank of India (Lead Bank), Kolkata Large
Corporate Branch, 5 B T M Sarani, Kolkata-700001, West Bengal, India ·
Union Bank of India ·
ING Vysya Bank Limited, 4/1, Middleton Street,
Sikkim House, Kolkata-700071, West Bengal, India ·
State Bank of Bikaner and Jaipur, Ballygunge
Branch, 204, Rashbehari Avenue, Kolkata-700029*, West Bengal, India ·
State Bank of Hyderabad ·
Axis Bank Limited, Corporate Banking Branch, 1,
Shakespeare Sarani, AC Market, 3rd Floor, Kolkata-700071, West
Bengal, India ·
DBS Bank Limited, Kolkata Branch, 4A, Nandalal
Bansu Sarani, Kolkata-700071, West Bengal, India ·
Citi Bank N.A. |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
Plot No.Y-14, Block EP, Sector V, Salt Lake Electronics Complex, Bidhan
Nagar, Kolkata-700091, West Bengal, India
|
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Holding Company : |
TIL Limited CIN No.:- L74999WB1974PLC041725 |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
45.000 |
45.000 |
45.000 |
|
(b) Reserves & Surplus |
1165.700 |
1139.700 |
1104.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1210.700 |
1184.700 |
1149.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
158.100 |
205.100 |
110.600 |
|
(b) Deferred tax liabilities (Net) |
48.800 |
43.100 |
42.700 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
37.600 |
30.800 |
17.500 |
|
Total Non-current Liabilities (3) |
244.500 |
279.000 |
170.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2709.100 |
2550.200 |
1728.100 |
|
(b) Trade payables |
772.900 |
807.100 |
1221.800 |
|
(c) Other current
liabilities |
335.000 |
348.700 |
348.200 |
|
(d) Short-term provisions |
1.400 |
6.000 |
107.300 |
|
Total Current Liabilities (4) |
3818.400 |
3712.000 |
3405.400 |
|
|
|
|
|
|
TOTAL |
5273.600 |
5175.700 |
4725.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
971.000 |
1002.700 |
824.300 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
38.300 |
0.000 |
7.900 |
|
(iv) Intangible
assets under development |
123.400 |
70.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.100 |
7.200 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1142.800 |
1079.900 |
832.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2035.400 |
2083.500 |
2335.100 |
|
(c) Trade receivables |
1607.200 |
1611.600 |
1329.900 |
|
(d) Cash and cash
equivalents |
12.200 |
9.800 |
0.600 |
|
(e) Short-term loans and
advances |
459.800 |
379.100 |
227.400 |
|
(f) Other current assets |
16.200 |
11.800 |
0.000 |
|
Total Current Assets |
4130.800 |
4095.800 |
3893.000 |
|
|
|
|
|
|
TOTAL |
5273.600 |
5175.700 |
4725.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
8829.800 |
10399.600 |
91110.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
|
|
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL (B) |
8223.300 |
9852.500 |
90453.600 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
606.500 |
547.100 |
656.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
388.700 |
347.300 |
177.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
217.800 |
199.800 |
479.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
177.500 |
158.000 |
141.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
40.300 |
41.800 |
338.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
14.300 |
6.100 |
147.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
26.000 |
35.700 |
190.600 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
26.000 |
35.700 |
190.600 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.78 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.29
|
0.34 |
0.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.79
|
0.82 |
7.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.04 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.37
|
2.33 |
1.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.10 |
0.87 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Term Loans from Others |
34.600 |
12.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans Repayable on demand |
130.200 |
0.000 |
|
Term Loans From Banks |
0.000 |
1201.200 |
|
|
|
|
|
TOTAL |
164.800 |
1213.200 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10394999 |
14/11/2012 |
90,000,000.00 |
ING VYSYA BANK LIMITED |
4/1,MIDDLETON STREET,, SIKKIM HOUSE,,
KOLKATA, WEST BENGAL - 700071, INDIA |
B65179624 |
|
2 |
10333689 |
26/12/2011 |
580,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, KOLKATA, 11,
DR. U.N. |
B31301997 |
|
3 |
10327964 |
07/12/2011 |
150,000,000.00 |
HDFC BANK LIMITED |
BANK HOUSE, 3A, GURUSADAY ROAD, KOLKATA,
WEST BENGAL - 700019, INDIA |
B29429479 |
|
4 |
10327933 |
16/11/2011 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B29419637 |
|
5 |
10310537 |
12/09/2011 |
130,000,000.00 |
DBS BANK LIMITED |
KOLKATA BRANCH, 4A, NANDALAL BASU SARANI,
KOLKATA, WEST BENGAL - 700071, INDIA |
B22692321 |
|
6 |
10301915 |
01/08/2011 |
270,000,000.00 |
STATE BANK OF HYDERABAD |
COMMERCIAL BRANCH, 83, TOPSIA ROAD,
KOLKATA, WEST |
B18591362 |
|
7 |
10306595 |
28/07/2011 * |
1,000,000,000.00 |
BANK OF INDIA |
KOLKATA LARGE CORPORATE BRANCH, 5,
B.T.M.SARANI, |
B21123161 |
|
8 |
10301865 |
22/07/2011 |
200,000,000.00 |
STATE BANK OF HYDERABAD |
COMMERCIAL BRANCH, 83, TOPSIA ROAD,
KOLKATA, WEST |
B18688085 |
|
9 |
10276479 |
24/03/2011 |
200,000,000.00 |
STATE BANK OF HYDERABAD |
COMMERCIAL BRANCH, 83 TOPSIA ROAD,
KOLKATA, WEST |
B09436759 |
|
10 |
10279226 |
18/03/2011 |
100,000,000.00 |
ING VYSYA BANK LIMITED |
4/1, MIDDLETON STREET, SIKKIM HOUSE,
KOLKATA, WEST BENGAL - 700071, INDIA |
B10224343 |
|
11 |
10272698 |
31/07/2013 * |
4,360,000,000.00 |
BANK OF INDIA (LEAD BANK) |
KOLKATA LARGE CORPORATE BRANCH, 5, B.T.M
SARANI, KOLKATA, WEST BENGAL - 700001, INDIA |
B82966904 |
|
12 |
10256965 |
07/12/2010 |
160,000,000.00 |
AXIS BANK LIMITED |
CREDIT MANAGEMENT CENTRE (CMC),, 1,
SHAKESPEARE S |
B02361251 |
|
13 |
10248996 |
23/09/2011 * |
330,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH (CBB), 1,
SHAKESPEARE S |
B25170481 |
|
14 |
10238733 |
02/08/2011 * |
460,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
BALLYGUNGE BRANCH, 204, RASHBEHARI AVENUE,
KOLKATA, WEST BENGAL - 700029, INDIA |
B19512003 |
|
15 |
10229519 |
30/06/2010 |
728,000,000.00 |
BANK OF INDIA |
KOLKATA MAIN BRANCH, 23A, NETAJI SUBHAS
ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
A90107657 |
|
16 |
10228820 |
28/06/2010 |
360,600,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC
STREET, 1ST |
A89853725 |
|
17 |
10227033 |
28/07/2011 * |
500,000,000.00 |
ING VYSYA BANK LIMITED |
4/1,MIDDLETON STREET, SIKKIM HOUSE,
KOLKATA, WEST BENGAL - 700071, INDIA |
B18336982 |
|
* Date of charge modification |
||||||
GENERAL
INFORMATION
Tractors India Private
Limited (the 'Company') is a wholly owned subsidiary of TIL Limited. The
Company is in a dealership business of Caterpillar products and its business
segments are as follows:
- Construction and
Mining Solutions (CMS) - engaged as a dealer for Caterpillar Inc. USA for their
earthmoving, construction mining equipment’s, spares etc. and providing related
services in Eastern and Northern India and Bhutan.
- Power Systems
Solutions (PSS) - engaged in assembly, supply, erection and commissioning of
Generating Sets powered by Caterpillar engines and dealing in spares etc and
providing related services in Eastern and Northern India and Bhutan.
PERFORMANCE
The Company
achieved a turnover including income from operations and other income of Rs.
8829.800 Millions compared to Rs.10399.600 Millions in the previous year.
Profit before tax stood at Rs. 40.300 Millions compared to Rs. 41.800 Millions
in the previous year.
FINANCE
Reserves and
Surplus of the Company increased from Rs. 1139.700 Millions to Rs. 1165.700
Millions and the Shareholders Funds increased from Rs. 1184.700 Millions to Rs.
1210.700 Millions.
FIXED ASSETS
·
Leasehold Land
·
Building
·
Furniture and Fixtures
·
Motor Vehicles and Motor
Cycle
·
Plant and Machinery
WEBSITE DETAILS
NEWS
TRACTORS INDIA TO TRAIN YOUTHS
WHO GAVE UP LAND
KOLKATA, MARCH 30:
Tata Motors have
relocated the Nano project from Bengal. Interestingly, the Rs.1 lakh-car initiative
of the company to create jobs is now a model for industrialists in the State.
Suffering from a
shortage of skilled welders and fitters, the Rs 1,400-crore
Kolkata-headquartered Tractors India LIMITED (TIL) has tied up with Industrial
Training Institutes to offer paid training programmes, laced with monthly
stipend, for local youth from families that gave up their lands. Plans are also
afoot to open a training centre at a 10-acre plot near Kharagpur.
Tractors India's Rs
300-crore greenfield expansion projects — for manufacturing port and yard
equipment, Reachstackers, cranes and coal-handling equipment — in Kharagpur is
the only investment that the Ms Mamata Banerjee regime has seen in Bengal so
far.
PROGRAMME
The company will train
89 youths in the first batch from villages near its Changual and Vidyasagar
units (both at Kharagpur, nearly 100 km from Kolkata). Of these, 48 will be for
the fitters' trade while 41 will be welders. Training will be open for family
members whose land was acquired by the company for setting up its units.
“The trained youths
will be employed by TIL on the basis of available vacancies, at the moment.
However, as the scale of operations increase, employment opportunities will
increase,” Mr. Sumit Mazumder, Vice-Chairman and Managing Director, Tractors
India said
According to Mr.
Mazumder, the programme will benefit both the company and local youths.
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 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. 63.29 |
|
UK Pound |
1 |
Rs. 101.36 |
|
Euro |
1 |
Rs. 84.59 |
INFORMATION DETAILS
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.