|
Report Date : |
10.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHALIMAR CHEMICAL WORKS LIMITED |
|
|
|
|
Registered
Office : |
92 E, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.05.1945 |
|
|
|
|
Com. Reg. No.: |
21-012325 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299WB1945PLC012325 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Coconut Oil, Mustard Oil,
Edible Oil, Vegetable Oil, Meat Masala, Cooking Oil, Ayurvedic Jasmine Oil,
Ayurvedic Hair Oil, Medicated Hair Oil, Chef Spices etc. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3163000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well established company having a good track record. Profitability of the company seems to be decent. General financial
position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A (Long Term Rating) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
23.10.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Indronil Roy |
|
Designation : |
Deputy Sales Manager |
|
Contact No.: |
91-9831832899 |
|
Date : |
27.12.2013 |
LOCATIONS
|
Registered Office / Factory : |
92 E, Alipore Road, Kolkata – 700027, West Bengal, India |
|
Tel. No.: |
91-33-24793166 / 2169 / 2382 / 9026 / 5907 |
|
Mobile No.: |
91-9830336353 (Mr. Prakash Sarkar) 91-9831832899 (Mr. Indronil Roy) |
|
Fax No.: |
91-33-24793557 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at · Agartala · Ahmedabad · Burdwan · Calicut · Cuttack · Delhi · Guwahati · Hyderabad · Jaipur · Jamshedpur · Kanpur · Madhupura Ganj · Mumbai · Patna · Raipur · Siliguri · Tura · Uttarakhand |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Lokenath Bhattacharjee |
|
Designation : |
Managing Director |
|
Address : |
3B, Rajhans, 6 Hastings Park Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
29.08.1948 |
|
Date of Appointment : |
03.08.1982 |
|
DIN No.: |
00562943 |
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 |
U24299WB1945PLC012325 |
SHALIMAR CHEMICAL
WORKS LIMITED |
Managing
director |
01/04/2013 |
03/08/1982 |
Active |
NO |
|
2 |
U15143WB2002PTC094569 |
RONIL OIL AND
FOODS PRIVATE LIMITED |
Director |
29/04/2002 |
29/04/2002 |
Active |
NO |
|
3 |
U15142WB2003PTC096671 |
SHALIMAR
OVERSEAS INDUSTRIES PRIVATE LIMITED |
Director |
30/07/2003 |
30/07/2003 |
Active |
NO |
|
4 |
U51909WB1993PTC060480 |
ZEDD COMMERCIAL
PRIVATE LIMITED |
Director |
09/10/2010 |
09/10/2010 |
Active |
NO |
|
Name : |
Mr. Somenath Bhattacharjee |
|
Designation : |
Managing Director |
|
Address : |
3B, Rajhans, 6 Hastings Park Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
04.10.1955 |
|
Date of Appointment : |
01.05.1997 |
|
DIN No.: |
00562880 |
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 |
U24299WB1945PLC012325 |
SHALIMAR
CHEMICAL WORKS LIMITED |
Managing
director |
01/04/2013 |
01/05/1997 |
Active |
NO |
|
2 |
U15143WB2002PTC094569 |
RONIL OIL AND
FOODS PRIVATE LIMITED |
Director |
29/04/2002 |
29/04/2002 |
Active |
NO |
|
3 |
U15142WB2003PTC096671 |
SHALIMAR
OVERSEAS INDUSTRIES PRIVATE LIMITED |
Director |
30/07/2003 |
30/07/2003 |
Active |
NO |
|
4 |
U51909WB1993PTC060480 |
ZEDD COMMERCIAL
PRIVATE LIMITED |
Director |
09/10/2010 |
09/10/2010 |
Active |
NO |
|
Name : |
Mr. Ashok Kumar Bose |
|
Designation : |
Director |
|
Address : |
16-2-147/3, Anand Nagar, Malakpet, Hyderabad – 500036, Andhra Pradesh,
India |
|
Date of Birth/Age : |
10.06.1959 |
|
Date of Appointment : |
13.04.2001 |
|
DIN No.: |
00562717 |
|
|
|
|
Name : |
Mr. Nikhilesh Basu |
|
Designation : |
Director |
|
Address : |
18-8-278/A/2, Rakshapuram Colony, Saidabad, Hyderabad - 500059, Andhra Pradesh, India |
|
Date of Birth/Age : |
11.03.1961 |
|
Date of Appointment : |
13.04.2001 |
|
DIN No.: |
00562807 |
|
|
|
|
Name : |
Mr. Kushal Bhattacharjee |
|
Designation : |
Director |
|
Address : |
3B, Rajhans, 6 Hastings Park Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
13.06.1980 |
|
Date of Appointment : |
16.06.2008 |
|
DIN No.: |
02236632 |
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 |
U24299WB1945PLC012325 |
SHALIMAR
CHEMICAL WORKS LIMITED |
Whole-time
director |
09/11/2012 |
16/06/2008 |
Active |
NO |
|
Name : |
Ms. Indrani Bhattacharjee |
|
Designation : |
Director |
|
Address : |
3B, Rajhans, 6 Hastings Park Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
15.08.1954 |
|
Date of Appointment : |
16.06.2008 |
|
DIN No.: |
02236514 |
|
|
|
|
Name : |
Ms. Chandralekha Bhattacharjee |
|
Designation : |
Director |
|
Address : |
3B, Rajhans, 6 Hastings Park Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
24.08.1966 |
|
Date of Appointment : |
16.06.2008 |
|
DIN No.: |
02236044 |
|
|
|
|
Name : |
Mr. Tilok Bhattacharjee |
|
Designation : |
Director |
|
Address : |
3B, Rajhans, 6 Hastings Park Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
12.01.1988 |
|
Date of Appointment : |
09.11.2012 |
|
DIN No.: |
06428615 |
KEY EXECUTIVES
|
Name : |
Mr. Indronil Roy |
|
Designation : |
Deputy Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Lokenath Bhattacharjee |
180761 |
|
Somenath Bhattacharjee |
181040 |
|
Ashok Kumar Bose |
1200 |
|
Nikhilesh Basu |
1200 |
|
Kushal Bhattacharjee |
15000 |
|
Indrani Bhattacharjee |
4943 |
|
Chandralekha Bhattacharjee |
4946 |
|
Tilok Bhattacharjee |
5000 |
|
Hirak Bhattacharjee |
5000 |
|
Suraiya Minerals and Chemicals Private Limited, India |
143 |
|
Panchana Mondal (Late) |
50480 |
|
Sadhan Chandra Mondal (Late) |
37378 |
|
Kanailal Naskar (Late) |
6442 |
|
Baloram Naskar (Late) |
6429 |
|
TOTAL
|
499962 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
79.00 |
|
Other top fifty shareholders |
21.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Coconut Oil, Mustard Oil,
Edible Oil, Vegetable Oil, Meat Masala, Cooking Oil, Ayurvedic Jasmine Oil,
Ayurvedic Hair Oil, Medicated Hair Oil, Chef Spices etc. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Exports : |
|
||||||||||
|
Products : |
Finished Goods |
||||||||||
|
Countries : |
·
Bangladesh ·
UAE ·
Nepal ·
Canada |
||||||||||
|
|
|
||||||||||
|
Terms : |
|
||||||||||
|
Selling : |
L/C, Credit |
||||||||||
|
|
|
||||||||||
|
Purchasing : |
L/C, Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Andhra Bank, Kolkata Main Branch, 14/1b, Ezra Street, Kolkata - 700001, West Bengal, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Kar and Associates Chartered Accountants |
|
Address : |
66J, Tollygunge Road, Kolkata-700033, West Bengal, India |
|
PAN No.: |
AEPPK1823G |
|
|
|
|
Related Parties : |
Ronil Oil And
Foods Private Limited CIN No.:- U15143WB2002PTC094569 Shalimar
Overseas Industries Private Limited CIN No.:- U15142WB2003PTC096671 ·
Nilgiri Oil And Allied Industries ·
Rajatgiri Oil Industries |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
790000 |
Equity Shares |
Rs.10/- each |
Rs. 7.900 Millions |
|
20000 |
Preference Shares |
Rs.100/- each |
Rs. 2.000 Millions |
|
|
TOTAL |
|
Rs. 9.900
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499962 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
785.929 |
668.884 |
556.377 |
|
(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) |
790.929 |
673.884 |
561.377 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.033 |
1.877 |
4.365 |
|
(b) Deferred tax liabilities (Net) |
2.495 |
2.370 |
2.378 |
|
(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) |
2.528 |
4.247 |
6.743 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
195.635 |
203.442 |
153.190 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
154.648 |
130.081 |
93.957 |
|
(d) Short-term provisions |
6.799 |
7.681 |
9.334 |
|
Total Current Liabilities (4) |
357.082 |
341.204 |
256.481 |
|
|
|
|
|
|
TOTAL |
1150.539 |
1019.335 |
824.601 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
170.155 |
137.448 |
113.083 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
7.854 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.078 |
3.078 |
2.969 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.080 |
0.834 |
1.061 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
1.380 |
|
Total Non-Current Assets |
182.167 |
141.360 |
118.493 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
375.310 |
190.996 |
279.280 |
|
(c) Trade receivables |
4.178 |
3.300 |
0.000 |
|
(d) Cash and cash
equivalents |
543.337 |
651.197 |
388.405 |
|
(e) Short-term loans and
advances |
37.127 |
31.060 |
37.992 |
|
(f) Other current assets |
8.420 |
1.422 |
0.431 |
|
Total Current Assets |
968.372 |
877.975 |
706.108 |
|
|
|
|
|
|
TOTAL |
1150.539 |
1019.335 |
824.601 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3058.194 |
3030.188 |
2739.639 |
|
|
|
Other Income |
47.555 |
19.150 |
15.477 |
|
|
|
TOTAL (A) |
3105.749 |
3049.338 |
2755.116 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2186.904 |
2238.026 |
2139.181 |
|
|
|
Purchases of stock-in-trade |
13.375 |
6.380 |
7.841 |
|
|
|
Employee benefit expense |
32.947 |
28.604 |
26.461 |
|
|
|
Other expenses |
571.035 |
459.317 |
353.639 |
|
|
|
Expenditure on production, transportation and other expenditure pertaining to E&P activities |
120.552 |
83.713 |
85.476 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(40.314) |
24.214 |
(33.434) |
|
|
|
TOTAL (B) |
2884.499 |
2840.254 |
2579.164 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
221.250 |
209.084 |
175.952 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.657 |
19.377 |
16.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
202.593 |
189.707 |
159.917 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.611 |
16.814 |
15.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
182.982 |
172.893 |
144.761 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
60.087 |
56.357 |
48.317 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
122.895 |
116.536 |
96.444 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3058.194 |
3030.188 |
2739.639 |
|
|
TOTAL EARNINGS |
3058.194 |
3030.188 |
2739.639 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
245.81 |
233.09 |
192.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.96
|
3.82 |
3.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.98
|
5.71 |
5.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.06
|
17.01 |
17.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.26 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.25
|
0.30 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.71
|
2.57 |
2.75 |
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
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 |
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 |
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 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10466899 |
04/12/2013 |
30,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING,, K G MARG,,
NEW DELHI, DELHI - 110001, INDIA |
B92258813 |
|
2 |
10466903 |
04/12/2013 |
60,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING,, K G MARG,,
NEW DELHI, DELHI - 110001, INDIA |
B92262559 |
|
3 |
80044049 |
29/05/2012 * |
200,000,000.00 |
ANDHRA BANK |
KOLKATA MAIN BRANCH, 14/1B, EZRA STREET,
KOLKATA, |
B44296903 |
|
* Date of charge modification |
||||||
PERFORMANCE
Company's turnover
during the year was Rs.3105.700 Millions as against Rs.3049.300 Millions during
the previous year i.e.an increase of 2% approx. Over the previous year sale.
The company earned a profit after tax of Rs.122.895 Millions as against
Rs.116.535 Millions of last year, an increase of Rs.6.360 Millions.
FIXED ASSETS
· Land
· Factory Building
· Factory Equipment’s
· Furniture and Fixtures
· Vehicles
· Office Equipment
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. 62.18 |
|
|
1 |
Rs. 102.31 |
|
Euro |
1 |
Rs. 84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.