|
Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMBICA DHATU PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
234/3A, A.J.C., Bose Road, “FMC Fortuna”, 5th Floor, Room
No.A7(II), Kolkata – 700020, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.07.1992 |
|
|
|
|
Com. Reg. No.: |
21-056001 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.54.371 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209WB1992PTC056001 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALA05878F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA6054D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Zinc Oxide and Zinc Sulphate. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 490000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Overall financial position of the company appears to be above average.
Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealing at usual trade terms
and conditions. Profit and loss of the company is not available. |
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
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.
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
|
Name : |
Mr. Amar Pal |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-33-40110330 |
|
Date : |
25.11.2013 |
LOCATIONS
|
Registered Office : |
234/3A, A.J.C., Bose Road, “FMC Fortuna”, 5th Floor, Room No.A7(II),
Kolkata – 700020, West Bengal, India |
|
Tel. No.: |
91-33-40110330 |
|
Fax No.: |
91-33-40110325 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
NH-VI PO and Vill Bipranpara Jalan Industrial Complex, Junglepur
District Howrah, India |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Ramesh Kumar Bubna |
|
Designation : |
Director |
|
Address : |
3-B, Camac Street, 6th Floor, Flat no.2, Kolkata – 700016,
West Bengal, India |
|
Date of Birth/Age : |
14.06.1942 |
|
Date of Appointment : |
21.07.1992 |
|
DIN No.: |
00704008 |
|
PAN No.: |
AEEPB5725P |
|
|
|
|
Name : |
Mr. Satyam Bubna |
|
Designation : |
Director |
|
Address : |
3-B, Camac Street, 6th Floor, Flat no.2, Kolkata – 700016,
West Bengal, India |
|
Date of Birth/Age : |
04.05.1970 |
|
Date of Appointment : |
21.07.1992 |
|
DIN No.: |
00703901 |
|
Pan No.: |
AEFPB4526D |
KEY EXECUTIVES
|
Name : |
Mr. Amar Pal |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ramesh Kumar Bubna |
|
2272100 |
|
Satyam Kumar Bubna |
|
1094500 |
|
Saurav Bubna |
|
152500 |
|
Seema Bubna |
|
180000 |
|
Vimla Bubna |
|
503000 |
|
Swati Bubna |
|
65000 |
|
Ramesh Kr.Bubna (HUF) |
|
210000 |
|
Vasundhara Dealers |
|
500000 |
|
Amritvani Exim Private Limited, India |
|
25000 |
|
Jajodia Computech Private Limited, India |
|
8500 |
|
Jajodia Consultants Private Limited, India |
|
16500 |
|
Venus Merchandise (I) Private Limited, India |
|
10000 |
|
Bubna Consultancy Private Limited, India |
|
10000 |
|
Satellite Vin Trade Private Limited, India |
|
15000 |
|
Veshnawy Vyapaar Private Limited, India |
|
35000 |
|
Harsharatna Finance Investments Private
Limited, India |
|
35000 |
|
Lumpex Vincom Private Limited, India |
|
10000 |
|
Pratik Vincom Private Limited, India |
|
15000 |
|
Tulshiyan Distributors Private Limited,
India |
|
10000 |
|
Accord Tradecom Private Limited, India |
|
20000 |
|
Black Pool Vinimoy Private Limited, India |
|
20000 |
|
Onkar Agencies Private Limited, India |
|
20000 |
|
Waterlink Enclave Private Limited, India |
|
40000 |
|
Pixel Commoseles Private Limited, India |
|
40000 |
|
Nutan Trade and Credit Private Limited,
India |
|
90000 |
|
Ortem Estates Private Limited, India |
|
20000 |
|
Pepsons Leasing and Finance Private Limited,
India |
|
20000 |
|
|
|
|
|
Total |
|
5437100 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
17.66 |
|
Directors or relatives of directors |
|
82.34 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Zinc Oxide and Zinc Sulphate. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· China · Singapore · UAE |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
40 (Approximately) |
|
|
|
|
Bankers : |
· HDFC Bank 88, Chowringee Road, Bhawanipur, Kolkata – 700020, West Bengal, India Contact No.: 91-33-22103838 |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V K Jajodia and Company Chartered Accountants |
|
Address : |
33/1, N.S. Road, Marshall House, 6th Floor, Room No. 630
and 631, Kolkata - 700001, West Bengal, India |
|
PAN No.: |
AACFV6014B |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Diamond Vinimay Private Limited · Ambica Chemical and Industrial Corporation · Ambica Industries ·
|
CAPITAL STRUCTURE
(AS ON 30.09.2013)
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 |
|
|
|
|
|
|
5437100 |
Equity Shares |
Rs.10/- each |
Rs.54.371
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 |
54.371 |
54.371 |
51.871 |
|
(b) Reserves & Surplus |
66.260 |
61.326 |
34.564 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.800 |
0.800 |
0.800 |
|
Total
Shareholders’ Funds (1)+(2) |
121.431 |
116.497 |
87.235 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
29.577 |
23.391 |
23.073 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
29.577 |
23.391 |
23.073 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
66.020 |
42.949 |
14.081 |
|
(c)
Other current liabilities |
0.206 |
0.496 |
0.278 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
66.226 |
43.445 |
14.359 |
|
|
|
|
|
|
TOTAL |
217.234 |
183.333 |
124.667 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
39.280 |
40.914 |
35.341 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
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 |
8.580 |
4.496 |
2.724 |
|
(e) Other Non-current
assets |
0.039 |
0.065 |
0.089 |
|
Total Non-Current
Assets |
47.899 |
45.475 |
38.154 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
60.872 |
47.448 |
22.845 |
|
(c)
Trade receivables |
72.328 |
70.378 |
55.507 |
|
(d) Cash
and cash equivalents |
23.414 |
8.438 |
2.295 |
|
(e)
Short-term loans and advances |
12.721 |
11.594 |
5.866 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
169.335 |
137.858 |
86.513 |
|
|
|
|
|
|
TOTAL |
217.234 |
183.333 |
124.667 |
PROFIT & LOSS
ACCOUNT
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
530.000 |
The above information has been parted by Mr. Amar Pal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.24
|
0.20 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.56
|
3.17 |
6.03 |
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 |
No |
|
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Inter-corporate Borrowings |
22.226 |
0.000 |
|
Loans and advance from Related Parties |
0.080 |
0.080 |
|
Loans and Advance from director |
7.271 |
23.311 |
|
|
|
|
|
Total |
29.577 |
23.391 |
NOTE:
The Registered office of the company has been
shifted from, 25, Strand Road, 7th Floor, Kolkata – 700001, west
Bengal, India to the pre4sent address w.e.f. 14.08.2012.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY.
FIXED ASSETS:
· Building
· Factory Building
· Plant and Equipment
·
Furniture and Fixtures
·
Vehicle
·
Motor Vehicles
·
Office Equipment
·
Computer
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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.