MIRA INFORM REPORT
|
Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOTHARI METALS LIMITED |
|
|
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|
Registered
Office : |
Kothari Mansion, Ground Floor, 20/1, Belvedere Road, Kolkata – 700027,
West Bengal |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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|
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|
Date of
Incorporation : |
06.06.1977 |
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|
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Com. Reg. No.: |
21-031033 |
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Capital
Investment / Paid-up Capital : |
Rs.27.597 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113WB1977PLC031033 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK01203G |
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Legal Form : |
A Closely held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Trading in Metals. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3200000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Company is performing well, general financial position of the company
is good. No borrowing recorded by the company. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered normal for business dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra
topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn,
Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
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 BY
|
Name : |
Mr. Dinesh |
|
Designation : |
Manager |
|
Contact No.: |
91-9322260696 |
|
Date : |
12.03.2014 |
LOCATIONS
|
Registered Office/ Head Office
: |
|
|
Tel. No.: |
91-33-24566921/ 22 / 40220700 (30 lines) / 22828532/ 22828534/
22827949/ 22823808 |
|
Mobile No.: |
91-9322260696 (Mr. Dinesh) |
|
Fax No.: |
91-33-24566923 / 22828462 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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Ware House : |
9, |
|
Area : |
5000 Sq. ft. |
|
Location : |
Owned |
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Branch Office 1 : |
S.C.O. No. F-81,
Sector - 22, At |
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Tel. No.: |
91-124-4010524 / 4010526 / 3296660 |
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Fax No.: |
91-124-4010525 |
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Area : |
20000 Sq. ft. |
|
Location : |
Leased |
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Branch Office 2: |
Shed No. S-8A, Telco Industrial Estate, Madhavaram,
Chennai – 600 060, |
|
Tel. No.: |
91-44-25590200 / 2559021 |
|
Fax No.: |
91-44-25233129 |
|
Area : |
18000 Sq. ft. |
|
Location : |
Leased |
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|
|
|
Branch Office 3: |
1252, Pushpanjali
apartment, 6th Floor, Suite no.602, |
|
Tel. No.: |
91-22-24371957 / 24313104 |
|
Mobile No.: |
91-9322260696 |
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Fax No.: |
91-22-66669302 |
|
Area : |
16000 Sq. ft. |
|
Location : |
Leased |
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Branch Office 4 : |
B 6/7, Okhla Industrial Area, Phase –II, |
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Tel. No.: |
91-11-41707897 / 32564679 / 40502991 / 40502992 |
|
Mobile No.: |
91-9810064679 |
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Fax No.: |
91-11-41001530 |
|
Area : |
20000 Sq. ft. |
|
Location : |
Leased |
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Branch Office 5 : |
G. T. Road, Focal Point, Ludhiana -141 010, Punjab, India |
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Tel. No.: |
91-161-2510240 / 3265196 |
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Fax No.: |
91-161-2510241 |
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E-Mail : |
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Branch Office 6 : |
Plot No. 181, Sub Plot No. 20 and 21, Near Bhamaria Kunwa, Narol Aslali Highwa, NIDC, Narol, Ahmedabad -382405,Gujarat, India |
|
Tel. No.: |
91-79-32408211 |
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Fax No.: |
91-79-25734378 |
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E-Mail : |
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Branch Office 7 : |
No. B-315, 9th Cross , 1st Stage, Peenya Industrial Area,
Bengaluru - 560 058, |
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Tel. No.: |
91-80-32503777 |
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E-Mail : |
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Branch Office 8: |
L-26 and 27, MIDC Industrial Area, Taloja- 410208, Maharashtra, India |
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Tel. No.: |
91-22-27401452/53/54 |
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Mobile No.: |
91-9322260696 |
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Fax No.: |
91-22-27401455 |
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E-Mail : |
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Branch Office 9 : |
149, Shopping Complex, Behind Rahat Hospital, Alwar, Biwadi – 301019, Rajasthan, India |
|
Tel. No.: |
91-124-3296660 |
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Fax No.: |
91-124-4010525 |
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E-Mail : |
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Branch Office : |
Also Located at
|
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ranjit Singh Kothari |
|
Designation : |
Director |
|
Address : |
3, Alipore Road, Kolkata – 700 017, West Bengal, India |
|
Date of Birth/Age : |
07.10.1950 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
06.06.1977 |
|
PAN No.: |
AFVPK4521L |
|
DIN No.: |
00217182 |
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|
|
|
Name : |
Mr. Vikash Kothari |
|
Designation : |
Director |
|
Address : |
3, Alipore Road, Kolkata – 700 027, West Bengal, India |
|
Date of Birth/Age : |
11.12.1973 |
|
Qualification : |
M.Sc. |
|
Date of Appointment : |
28.09.1994 |
|
PAN No.: |
ALEPK9600P |
|
DIN No.: |
00217327 |
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|
|
|
Name : |
Mrs. Shalini Kothari |
|
Designation : |
Director |
|
Address : |
3, Alipore Road, Kolkata – 700 027, West Bengal, India |
|
Date of Birth/Age : |
27.08.1975 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
14.03.2006 |
|
PAN No.: |
AFVPK6059G |
|
DIN No.: |
00217697 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ranjit Singh Kothari |
|
620296 |
|
Sayar Devi Kothari |
|
85010 |
|
Kothari Metal Resources Private Limited, India |
|
162866 |
|
Vikash Kothari |
|
125597 |
|
Calcutta Multimax Private Limited, India |
|
274742 |
|
Kothari \ Surana Hansraj [Shalini and Pragati] |
|
3500 |
|
Ranjit Singh Kothari Vikash |
|
17500 |
|
Kothari Devi Sayar Vikash |
|
4010 |
|
Kothari Vikash |
|
145500 |
|
Ranjit Singh Kothari |
|
151100 |
|
Ranjit Singh Kothari Sayar Devi |
|
170000 |
|
Kothari Shalini and Vikash |
|
40000 |
|
Ranjit Singh Kothari (HUF) |
|
176566 |
|
Vikash Kothari (HUF) |
|
39500 |
|
Surana Pragati |
|
54000 |
|
Kothari Magnesium Industries Private Limited, India |
|
340800 |
|
Kothari Commercial Corporation, India |
|
98676 |
|
Kothari Unnati |
|
40000 |
|
Kothari Vikash and Shalini |
|
5000 |
|
Kothari Devi Sayar and Shalini |
|
5000 |
|
Kothari Shalini |
|
200000 |
|
|
|
|
|
TOTAL |
|
2759663 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
28.21 |
|
Directors or relatives of Directors |
71.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Trading in Metals. |
||||
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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|
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|
Bankers : |
|
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|
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|
Facilities : |
-- |
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|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. M. Daga and Company Chartered Accountants |
|
Address : |
11, Clive Row, 2nd Floor, Kolkata- 700001, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AATFS3134N |
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|
|
Associates: |
[U27109WB1986PTC041029]
[U70101WB1989PTC046918]
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Other Related party: |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5600000 |
Equity Shares |
Rs.10/- each |
Rs. 56.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2759663 |
Equity Shares |
Rs.10/- each |
Rs. 27.597
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 |
27.597 |
27.597 |
27.597 |
|
(b) Reserves & Surplus |
760.569 |
699.240 |
639.845 |
|
(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) |
788.166 |
726.837 |
667.442 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
9.171 |
7.692 |
6.425 |
|
(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) |
9.171 |
7.692 |
6.425 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
908.234 |
966.913 |
873.882 |
|
(c) Other
current liabilities |
24.732 |
36.901 |
28.470 |
|
(d) Short-term
provisions |
29.588 |
68.099 |
89.490 |
|
Total Current
Liabilities (4) |
962.554 |
1071.913 |
991.842 |
|
|
|
|
|
|
TOTAL |
1759.891 |
1806.442 |
1665.709 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
127.392 |
127.728 |
90.388 |
|
(ii)
Intangible Assets |
0.996 |
1.379 |
1.762 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
2.370 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.888 |
4.888 |
4.888 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.321 |
2.103 |
2.105 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
135.597 |
136.098 |
101.513 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
451.530 |
339.623 |
400.149 |
|
(c) Trade
receivables |
775.589 |
938.241 |
798.585 |
|
(d) Cash
and cash equivalents |
292.658 |
269.264 |
234.640 |
|
(e) Short-term
loans and advances |
42.013 |
23.460 |
44.159 |
|
(f) Other
current assets |
62.504 |
99.756 |
86.663 |
|
Total
Current Assets |
1624.294 |
1670.344 |
1564.196 |
|
|
|
|
|
|
TOTAL |
1759.891 |
1806.442 |
1665.709 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5882.329 |
6980.134 |
5892.186 |
|
|
|
Other Income |
31.175 |
26.923 |
24.914 |
|
|
|
TOTAL (A) |
5913.504 |
7007.057 |
5917.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
5829.322 |
6752.860 |
5904.651 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(111.907) |
60.526 |
(239.192) |
|
|
|
Employee benefit expense |
16.755 |
15.329 |
12.447 |
|
|
|
Other expenses |
81.140 |
79.688 |
88.988 |
|
|
|
TOTAL (B) |
5815.310 |
6908.403 |
5766.894 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
98.194 |
98.654 |
150.206 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.859 |
3.824 |
2.984 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
97.335 |
94.830 |
147.222 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.464 |
4.559 |
3.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
91.871 |
90.271 |
143.678 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.226 |
30.559 |
50.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
61.645 |
59.712 |
93.414 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
407.554 |
347.942 |
254.628 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
0.100 |
0.100 |
|
|
|
|
Transfer to General Reserve |
NA |
407.554 |
347.942 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.34 |
21.64 |
33.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.04
|
0.85 |
1.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.56
|
1.29 |
2.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.23
|
5.01 |
8.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.12 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69
|
1.56 |
0.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
27.597 |
27.597 |
27.597 |
|
Reserves & Surplus |
639.845 |
699.240 |
760.569 |
|
Net
worth |
667.442 |
726.837 |
788.166 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5892.186 |
6980.134 |
5882.329 |
|
|
|
18.464 |
(15.728) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5892.186 |
6980.134 |
5882.329 |
|
Profit |
93.414 |
59.712 |
61.645 |
|
|
1.59% |
0.86% |
1.05% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: Registered office
address of the company has been shifted from 7/1, Lord Sinha Road, Kolkata –
700071, West Bengal, India to the present address w.e.f. 27.02.2009
INDEX
OF CHARGES
|
.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10429497 |
26/04/2013 |
200,000,000.00 |
AXIS BANK LIMITED |
CORPORATE
BANKING BRANCH (CBB), 1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR, KOLKATA,
WEST BENGAL |
B76482256 |
|
2 |
10354096 |
03/05/2012 |
300,000,000.00 |
CITIBANK N.A |
KANAK BUILDING,
41 CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
B39095716 |
|
3 |
10259877 |
03/05/2012 * |
300,000,000.00 |
CITIBANK N.A |
KANAK BUILDING, 41
CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
B40476418 |
|
4 |
10050100 |
06/09/2011 * |
240,000,000.00 |
BANK OF INDIA |
KOLKATA MID
CORPORATE BRANCH, 5, B.T.M. SARANI, |
B20240545 |
|
5 |
80020787 |
19/01/2009 * |
195,000,000.00 |
ORIENTAL BANK OF COMMERCE |
OVERSEAS BRANCH,
(LORD'S BUILDING), 7/1, LORD SINHA ROAD, (GROUND FLOOR), KOLKATA, WEST BENGAL
- 700071, INDIA |
A55632996 |
|
6 |
90252190 |
28/11/2006 * |
60,000,000.00 |
STATE BANK OF SAURASHTRA |
BHOWANIPUR
BRANCH, 1A, ASHUTOSH MUKHERJEE ROAD, KOLKATA, WEST BENGAL - 700020, INDIA |
- |
|
7 |
90251577 |
29/10/2013 * |
682,500,000.00 |
ANDHRA BANK |
CHOWRINGHEE BRANCH,
58, CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
B89314835 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2013 |
|
Bank Guarantee Rs. |
6.439 |
|
Sales Tax (Pending Appeal) |
2.592 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
50 |
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.