.
|
Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KARAMTARA ENGINEERING PRIVATE LIMITED |
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|
|
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Registered
Office : |
705, Morya Landmark II, New |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.05.1996 |
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Com. Reg. No.: |
11-099333 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U45207MH1996PTC099333 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK07352C |
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PAN No.: [Permanent Account No.] |
AABCK1921E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing
Transmission Towers. |
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|
|
No. of Employees
: |
Information denied by management |
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 9300000 |
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|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. The company has seen a significant increase in its sales turnover and
profitability of the company during current year. Financial position of the
company appears sound. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered 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 – 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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Loan = BBB+ |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
August 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loan = A2+ |
|
Rating Explanation |
Strong degree of safety. It carry very low
credit risk. |
|
Date |
August 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 DENIED
Management Non Co-Operative (Tel No. 91-22-26731000)
LOCATIONS
|
Registered Office : |
705, Morya Landmark II, New Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-26731000 / 40710000 |
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Fax No.: |
91-22-26731015 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No. B-8/2, MIDC, Tarapur, Thane – 401506, Maharashtra, India |
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Tel. No.: |
91-2525-261640 |
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Fax No.: |
91-2525-261540 |
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Factory 2 : |
Survey No. 48/53-58, Plot No. OS-55, MIDC, Village
Saravali, Tarapur, Palghar, Thane – 401506, Maharashtra, India |
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Tel. No.: |
91-2525-205192/91 |
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Fax No.: |
91-2525-261460 |
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|
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Factory 3 : |
Plot No. B-212, MIDC Industrial Area, Butibori, Nagpur-441108, Maharashtra, India |
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Tel. No.: |
91-7104-265495/91 |
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Fax No.: |
91-7104-265494 |
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Factory 4 : |
Plot No. G-3/1 and 2 ,G-89, MIDC, Tarapur, Palghar, Thane – 401506, Maharashtra, India |
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Tel. No.: |
91-2525-278965 |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Rajiv Singh |
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Designation : |
Managing Director |
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|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th NS Road, Juhu, Mumbai
- 400049, Maharashtra, India |
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Date of Birth/Age : |
07.03.1973 |
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Date of Appointment : |
02.09.2013 |
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PAN No.: |
AMOPS1063P |
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DIN No.: |
01689209 |
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Other Directorship :
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Name : |
Mr. Tanveer Singh |
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Designation : |
Managing Director |
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|
Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai - 400049, Maharashtra, India |
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Date of Birth/Age : |
21.01.1970 |
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Date of Appointment : |
08.05.1996 |
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PAN No.: |
AFXPS8197J |
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DIN No.: |
01689287 |
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Other Directorship:
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Name : |
Mr. Hanwant Manbir Singh |
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Designation : |
Director |
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Address : |
401, 4th Floor, Goswani Towers, Jai Hind Society, 11th NS Road, Juhu, Mumbai - 400049, Maharashtra, India |
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Date of Birth/Age : |
02.03.1938 |
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Date of Appointment : |
07.11.2001 |
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PAN No.: |
ADUPS2432D |
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DIN No.: |
00583469 |
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Other Directorship:
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Name : |
Mr. Shreyans Jitendra Shah |
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Designation : |
Director |
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Address : |
B-1222, Madhubav Apartment, Worli Hill Road, Worli, Mumbai – 400018,
Maharashtra, India |
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Date of Birth/Age : |
10.12.1947 |
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Date of Appointment : |
02.09.2013 |
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DIN No.: |
01649714 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Prasad Arun Oak |
|
Designation : |
Secretary |
|
Address : |
506,Anil Apartment Chs, Near Vpm School, Off Mithagar Road, Mulund (East), Mumbai – 400081, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1978 |
|
Date of Appointment : |
01.03.2012 |
|
PAN No.: |
AAHPO1985B |
MAJOR SHAREHOLDERS
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Inderjeet Singh |
1250000 |
25.00% |
|
Tanveer Singh |
1250000 |
25.00% |
|
Rajiv Singh |
1250000 |
25.00% |
|
Hanwant Manbir Singh |
1250000 |
25.00% |
|
Total |
5000000 |
100.00% |
As on 30.09.2013
|
Name of
Allottees |
|
No.
of Shares |
|
Hanwant Manbir Singh |
|
133125 |
|
Inderjeet Singh |
|
133125 |
|
Tanveer Singh |
|
133125 |
|
Rajiv Singh |
|
133125 |
|
Total |
|
532500 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
Transmission Towers. |
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|
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|
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|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
31.03.2011 |
|
Licensed and Installed Capacity |
MT PA |
60000 |
|
Production |
MT PA |
43924.28 |
GENERAL INFORMATION
|
Customers : |
·
Abengoa Inabensa ·
Hyundai ·
SAE ·
CYMIMASA ·
Gulf Jyoti International ·
Cobra ·
ABB ·
SAG ·
Terna ·
ALSTOM |
|||||||||||||||||||||
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|
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|
No. of Employees : |
Information denied by management |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
· Bank of Baroda, Meghdoot Building, Jn. of Linking Road And Turner Road, Bandra (West), Mumbai - 400050, Maharashtra, India IDBI Bank Limited, Ground Floor, Jeevan Nidhi Building,
LIC Complex, Indusind Bank Limited, 425, Dadasaheb Bhadkamker Marg,
Opera House, Mumbai - 400004, Maharashtra, India Barclay’s Bank Plc, 601/603, Ceejay House, Shivsagar
Estate, Dr. Aniie Besent Road, Worli, Mumbai – 400018, Maharashtra,
India ICICI Bank Limited, Shreeji Tower C-99, C-Scheme, Ahinsa
Circle, Jaipur - 302001, Rajasthan, India Punjab and Sind Bank, Juhu Branch, Amrapali Shopping
Centre, Jvpd Scheme, Vileparle (West), Mumbai - 400049, Maharashtra, India ICICI Bank Limited, Shreeji Tower C-99, C-Scheme, Ahinsa
Circle, Jaipur - 302001, Rajasthan, India Axis Bank Limited, Axis House, Ground Floor, Bombay Dyeing
Mills Compound, Worli, Mumbai - 400025, Maharashtra, India State Bank of India, Overseas Branch, Mumbai, The Arcade,
World Trade Centre, Cuffe parade, Mumbai – 400005, Maharashtra, India |
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
Tata Capital Financial Services Limited, One Forbes, Dr.
V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Choksi and Choksi Chartered Accountant |
|
Address : |
15/17, Raghavji ‘B’ Building, Ground Floor, Raghavji Road, Off Kemps
Corner, Mumbai - 400036, Maharashtra, India |
|
PAN No.: |
AAAFC2633B |
|
|
|
|
Subsidiary company
: |
Karamtara Italy SRL |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Shares |
Rs.10/- each |
Rs.410.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5532500 |
Equity Shares |
Rs.10/- each |
Rs.55.325 Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Shares |
Rs.10/- each |
Rs.410.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
2049.803 |
390.326 |
307.451 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
213.000 |
98.500 |
98.500 |
|
Total
Shareholders’ Funds (1) + (2) |
2312.803 |
538.826 |
455.951 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
789.330 |
491.323 |
168.752 |
|
(b) Deferred tax liabilities (Net) |
168.956 |
40.637 |
34.332 |
|
(c) Other long term liabilities |
250.758 |
34.675 |
0.000 |
|
(d) long-term provisions |
7.787 |
2.114 |
1.816 |
|
Total Non-current Liabilities (3) |
1216.831 |
568.749 |
204.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
909.263 |
73.085 |
375.228 |
|
(b) Trade payables |
3217.571 |
1110.558 |
1064.301 |
|
(c) Other current
liabilities |
407.491 |
129.891 |
204.398 |
|
(d) Short-term provisions |
140.091 |
24.997 |
10.013 |
|
Total Current Liabilities (4) |
4674.416 |
1338.531 |
1653.940 |
|
|
|
|
|
|
TOTAL |
8204.050 |
2446.106 |
2314.791 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2900.095 |
431.599 |
401.761 |
|
(ii) Intangible Assets |
17.824 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
33.403 |
85.274 |
2.898 |
|
(iv)
Intangible assets under development |
2.796 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.326 |
201.292 |
164.101 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.755 |
2.568 |
1.462 |
|
(e) Other Non-current assets |
13.062 |
0.000 |
4.804 |
|
Total Non-Current Assets |
2983.261 |
720.733 |
575.026 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.654 |
4.699 |
5.396 |
|
(b) Inventories |
1589.184 |
348.002 |
515.628 |
|
(c) Trade receivables |
2684.525 |
889.297 |
832.690 |
|
(d) Cash and cash
equivalents |
532.837 |
252.483 |
238.462 |
|
(e) Short-term loans and advances |
194.163 |
139.387 |
1.492 |
|
(f) Other current assets |
215.426 |
91.505 |
146.097 |
|
Total Current Assets |
5220.789 |
1725.373 |
1739.765 |
|
|
|
|
|
|
TOTAL |
8204.050 |
2446.106 |
2314.791 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10558.400 |
4414.300 |
3311.500 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
754.500 |
157.900 |
162.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
124.200 |
8.800 |
19.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
630.300 |
149.100 |
143.400 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
90.600 |
21.600 |
17.200 |
|
|
|
|
|
|
|
|
|
|
Exceptional Item (Excess
due to change in Depreciation Method) |
0.000 |
0.000 |
(40.200) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
539.700 |
127.500 |
166.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
180.100 |
43.500 |
66.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
359.600 |
84.000 |
100.300 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
213.011 |
17.800 |
0.718 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
71.92 |
16.80 |
20.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
5.11 |
2.89 |
5.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.61 |
5.90 |
7.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.24 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
1.05 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.29 |
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 |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
500.000 |
275.000 |
|
Other loans and
advances |
(186.291) |
(65.327) |
|
Term loan from
bank |
26.347 |
34.285 |
|
Total |
340.056 |
243.958 |
REVIEW OF
OPERATIONS
As you are aware, during the year, the Company successfully merged its
three subsidiaries viz. Karamtara Fasteners Private Limited, Karamtara Steel
Private Limited and Sunder Rolling Mills Private Limited into the company. The
Company has achieved Gross sales of Rs.10558.400 Millions and profit before tax
of Rs.539.700 Millions for the Financial Year 2012-2013 as against Gross Sales
of Rs.4414.600 Millions and profit before tax of Rs.127.500 Millions in
2011-2012. Earnings before Interest, Depreciation, Tax and Amortisation
(EBITDA) was Rs.754.500 Millions for the Financial Year 2012-2013 as against
Rs.157.900 Millions in 2011-2012.
SUBSIDIARY COMPANIES
The Company has merged all of its domestic subsidiaries into the company hence there are no domestic subsidiaries.
CURRENT AND FUTURE PLAN
The Company has completed merger of its all domestic
subsidiaries into the company. This merger would result in synergy of resources
and time in activities including four fold compliances for erstwhile four companies.
The Company is optimistic that financial year 2013-2014 would reap actual
benefits of merger. Optimum utilisation of resources, effective cost cutting,
and increased efficiency in operations including those of employees will lead
to further growth of the company in this financial year 2013-2014.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
`1 |
10473038 |
03/01/2014 |
1,069,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay
Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra -
400025, INDIA |
B94539749 |
|
2 |
10473041 |
03/01/2014 |
6,180,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay
Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra -
400025, INDIA |
B94540366 |
|
3 |
10448672 |
05/08/2013 |
605,000,000.00 |
State Bank of India |
Overseas Branch, Mumbai -
"The Arcade",, World Trade Centre, Cuffe Parade, Mumbai,
Maharashtra - 400005, INDIA |
B84834795 |
|
4 |
10436620 |
15/07/2013 |
1,000,000,000.00 |
Bank of Baroda |
Meghdoot Building, Jn. Of
Linking Road & Turner Road, Bandra (West), Mumbai, Maharashtra - 400050,
INDIA |
B79515136 |
|
5 |
10430350 |
13/05/2013 |
350,000,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi
Marg, Fort, Mumbai, |
B76827955 |
|
6 |
10411628 |
26/02/2013 |
200,000,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi
Marg, Fort, Mumbai, |
B70717855 |
|
7 |
10401175 |
07/06/2013 * |
910,000,000.00 |
Axis Bank Limited |
Axis House, Ground Floor,
Bombay Dyeing Mills Compound, Worli, Mumbai, Maharashtra - 400025, INDIA |
B79579231 |
|
8 |
10397833 |
16/01/2013 |
250,000,000.00 |
ICICI BANK LIMITED |
Shreeji Tower C-99, C-Scheme, Ahinsa
Circle, Jaipur, Rajasthan - 302001, INDIA |
B66178591 |
|
9 |
10384510 |
11/10/2012 |
150,000,000.00 |
ICICI BANK LIMITED |
BANDRA KURLA COMPLEX,
BANDRA(E), MUMBAI, Maharashtra - 400051, INDIA |
B61388484 |
|
10 |
10383214 |
11/10/2012 * |
50,000,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes, Dr. V. B. Gandhi
Marg, Fort, Mumbai, |
B63418032 |
|
11 |
10374928 |
31/08/2012 |
1,040,000,000.00 |
ICICI Bank Ltd. |
Bandra Kurla Complex, Bandra (East),
Mumbai, Maharashtra - 400051, INDIA |
B57446510 |
|
12 |
10361841 |
25/06/2012 |
280,000,000.00 |
ICICI BANK LIMITED |
Shreeji Tower C-99, C-Scheme,
Ahinsa Circle, Jaipur, Rajasthan - 302001, INDIA |
B42130971 |
|
13 |
10363755 |
01/06/2012 |
240,000,000.00 |
IDBI BANK LIMITED |
Ground Floor, Jeevan Nidhi
Building, LIC Complex, Bhawani Singh Road,, JAIPUR, Rajasthan - 302005, |
B42914929 |
|
14 |
10351317 |
04/04/2012 |
450,000,000.00 |
INDUSIND BANK LIMITED |
425, DADASAHEB BHADKAMKER
MARG, OPERA HOUSE, MUMBA, Maharashtra - 400004, INDIA |
B38054714 |
|
15 |
10339216 |
07/11/2012 * |
150,000,000.00 |
ICICI BANK LIMITED |
BANDRA KURLA COMPLEX,
BANDRA(E), MUMBAI, Maharashtra - 400051, INDIA |
B62166988 |
|
16 |
10326044 |
08/11/2013 * |
650,000,000.00 |
ICICI Bank |
ICICI Bank Towers, Bandra
Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, INDIA |
B89154892 |
|
17 |
10326042 |
05/01/2012 |
100,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS , BANDRA
KURLA COMPLEX, BANDRA (EAST), MUMBAI, Maharashtra - 400051, INDIA |
B28936623 |
|
18 |
10331463 |
12/03/2013 * |
200,000,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi
Marg, Fort, Mumbai, |
B71662530 |
|
19 |
10361424 |
08/12/2011 |
225,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B32039448 |
|
20 |
10332237 |
08/12/2011 |
225,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B30702336 |
|
21 |
10322340 |
17/11/2011 |
300,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B27548239 |
|
22 |
10322080 |
12/01/2012 * |
300,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B30702757 |
|
23 |
10315138 |
29/03/2012 * |
300,000,000.00 |
PUNJAB NATIONAL BANK |
PLOT NO 237, BABA HOUSE, 27TH
ROAD, BANDRA (W), MUMBAI, Maharashtra - 400050, INDIA |
B36386571 |
|
24 |
10310912 |
25/08/2011 |
455,000,000.00 |
Axis Bank Limited |
Axis House, Ground Floor,
Bombay Dyeing Mills Compound, Worli, Mumbai, Maharashtra - 400025, INDIA |
B22830277 |
|
25 |
10311460 |
11/10/2011 * |
150,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI
MARG,FORT, MUMBAI, Maharashtra - 400001, INDIA |
B24515876 |
|
26 |
10302645 |
16/07/2011 |
350,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B18972174 |
|
27 |
10302648 |
16/07/2011 |
350,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B18972471 |
|
28 |
10302649 |
18/07/2011 * |
350,000,000.00 |
Punjab & Sind Bank |
Juhu Branch, Amrapali Shopping
Centre, JVPD Scheme, Vileparle West, Mumbai, Maharashtra - 400049, INDIA |
B19759646 |
|
29 |
10286214 |
30/03/2011 |
25,000,000.00 |
Oriental Bank of Commerce |
Shreejee Chambers, Tata Road
no.2, Opera House,, |
B12543195 |
|
30 |
10280522 |
11/10/2011 * |
300,000,000.00 |
Axis Bank Limited |
Axis House, Gr. Flr. Bombay
Dyeing Mills Compound, |
B26352393 |
|
31 |
10259017 |
24/11/2010 |
20,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET,,
NANAVATHI MAHALAYA, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B01908797 |
|
32 |
10241351 |
22/09/2010 |
1,690,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,,
NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A95355293 |
|
33 |
10223247 |
31/01/2011 * |
415,020,000.00 |
Standard Chartered Bank |
90, M G Road, Fort, Mumbai,
Maharashtra - 400001, INDIA |
B05527932 |
|
34 |
10213807 |
29/03/2010 * |
44,000,000.00 |
ANHDRA BANK |
NANAVATI MAHALAYA, 17, HOMI
MODI STREET, FORT, MU\MBA, Maharashtra - 400001, INDIA |
A84651892 |
|
35 |
10181129 |
29/09/2009 * |
30,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, Maharashtra - 400001, INDIA |
A72574940 |
|
36 |
10411433 |
26/08/2009 |
20,000,000.00 |
UNION BANK OF INDIA |
UNION BANK OF INDIA, SHANTI
NAGAR BRANCH, NAGPUR, Maharashtra - 440002, INDIA |
A73285736 |
|
37 |
10174400 |
14/07/2009 |
8,750,000.00 |
ORIENTAL BANK OF COMMERCE |
SHREEJEE CHAMBERS, TATA ROAD
NO. 2, OPERA HOUSE, MUMBAI, Maharashtra - 400004, INDIA |
A68893114 |
|
38 |
10172921 |
18/07/2012 * |
125,000,000.00 |
ORIENTAL BANK OF COMMERCE |
SHREEJEE CHAMBERS, TATA ROAD
NO. 2, OPERA HOUSE, MUMBAI, Maharashtra - 400004, INDIA |
B45151735 |
|
39 |
10166358 |
27/06/2009 |
39,200,000.00 |
ANDHRA BANK |
FORT BRANCH,NANAVATI MAHALAYA,
18 HOMI MODI STREET,FORT, MUMBAI, Maharashtra - 400001, INDIA |
A65517286 |
|
40 |
10162356 |
04/06/2009 |
3,200,000.00 |
PUNJAB NATIONAL BANK |
PLOT NO. 237, 27TH ROAD, OFF
LINKING ROAD, BANDRA, MUMBAI, Maharashtra - 400050, INDIA |
A63642383 |
|
41 |
10160145 |
20/04/2011 * |
400,000,000.00 |
Axis Bank Limited |
Laxmi The Mall, Bldg No.5,
Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai,
Maharashtra-400053, INDIA |
B11816626 |
|
42 |
10136178 |
22/12/2008 |
3,801,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,
NARIMAN POINT, M |
A53982344 |
|
43 |
10134745 |
24/05/2012 * |
1,514,000,000.00 |
ANDHRA BANK(LEAD BANK) |
NANAVATI MAHALAYA, 18 HOMI MODI
STREET FORT, MUMBAI, Maharashtra - 400001, INDIA |
B40805954 |
|
44 |
10116447 |
23/11/2010 * |
270,000,000.00 |
Oriental Bank of Commerce |
Opera House Branch, Shreeji
Chambers,, Tata Road |
B01985373 |
|
45 |
10443041 |
17/07/2007 |
20,250,000.00 |
Punjab & Sind Bank |
Amrapali Shopping Centre, JVPD
Scheme, Juhu, Mumbai, Maharashtra - 400049, INDIA |
A22723290 |
|
46 |
90215846 |
26/07/2004 |
300,000.00 |
CENTURION BANK LTD. |
322; SWASTIK CHAMBERS;
SION-TROMBAY ROAD, CHEMBUR, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
47 |
90215843 |
30/06/2004 |
650,000.00 |
CENTURION BANK LTD.; |
322; SWASTIK CHAMBERS;
SION-TROMBAY ROAD, CHEMBUR, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
48 |
90215798 |
28/07/2003 |
540,000.00 |
CENTURION BANK LTD. |
322; SWASTIK CHAMBERS;
SION-TROMBAY ROAD, CHEMBUR, MUMBAI, Maharashtra - 400071, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Buildings
·
Factory
Building
·
Other
Building
·
Plant
and Equipment
·
Other
Plant and Equipment
·
Furniture
and Fixtures
·
Vehicles
·
Office
Equipment
·
Computer
Equipments
·
Other
Equipments
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.62.71 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.85.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
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.