MIRA
INFORM REPORT
|
Report Date : |
09.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEGA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
147, Block –G, Humayun Kabir
Sarani, New Alipore, Kolkata – 700053, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.05.1976 |
|
|
|
|
Com. Reg. No.: |
21-030532 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.995 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199WB1976PLC030532 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT2074M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Slurry Transportation, Pump, Screen Media and Wear Products.
|
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track. The rating reflects healthy financial risk profile marked by adequate
liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers with hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
16.01.2014 |
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
MANAGEMENT NON CO-OPERATIVE.
Contact No.: 91-33-3001900
LOCATIONS
|
Registered Office : |
147, Block –G, Humayun Kabir
Sarani, New Alipore, Kolkata – 700053, West Bengal, India |
|
Tel. No.: |
91-33-30019000/ 23963512/ 23963515 |
|
Fax No.: |
91-33-23963649 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Madan Mohan Mohanka |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
146, Block-G, New Alipore, Kolkata – 700053, West Bengal, India |
|
Date of Birth/Age : |
13.08.1943 |
|
Date of Appointment : |
15.05.1976 |
|
DIN No.: |
00049388 |
|
PAN No.: |
ABLPM7436J |
|
|
|
|
Name : |
Mr. Mehul Mohanka |
|
Designation : |
Whole Time Director |
|
Address : |
146, Block-G, New Alipore, Kolkata – 700053, West Bengal, India |
|
Date of Birth/Age : |
13.02.1975 |
|
Date of Appointment : |
12.04.2008 |
|
DIN No.: |
00052134 |
|
PAN No.: |
AFDPM0572R |
|
|
|
|
Name : |
Mr. Viji Aravamudhan
Iyengar |
|
Designation : |
Director |
|
Address : |
AA/17, Sector – I, Salt Lake City, Kolkata –
700064, West Bengal, India |
|
Date of Birth/Age : |
10.08.1938 |
|
Date of Appointment : |
06.06.2002 |
|
DIN No.: |
00064970 |
|
|
|
|
Name : |
Mr. Jaharlal Saha |
|
Designation : |
Director |
|
Address : |
Sabarmati CG-204, Salt Lake, Sector – II, Kolkata – 700091, West Bengal, India |
|
Date of Birth/Age : |
14.12.1943 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01762299 |
|
|
|
|
Name : |
Mr. Amar Nath Sadhu |
|
Designation : |
Director |
|
Address : |
73/1A, Palm Avenue, Kolkata – 700019, West
Bengal, India |
|
Date of Birth/Age : |
02.10.1939 |
|
Date of Appointment : |
22.11.2001 |
|
DIN No.: |
00052579 |
|
|
|
|
Name : |
Mr. Syed Yaver
Imam |
|
Designation : |
Director |
|
Address : |
Flat – 1E, Park View Apartment, 4E&F Tiljala
Road, Kolkata – 700046, West Bengal, India |
|
Date of Birth/Age : |
19.05.1959 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
00588381 |
|
|
|
|
Name : |
Mrs. Manju Mohanka |
|
Designation : |
Director |
|
Address : |
147, Block-G, New Alipore, Kolkata – 700053, West Bengal, India |
|
Date of Birth/Age : |
21.02.1949 |
|
Date of Appointment : |
30.10.2009 |
|
DIN No.: |
00052345 |
|
PAN No.: |
AEOPM9853P |
|
|
|
|
Name : |
Mr. Dhiraj Poddar |
|
Designation : |
Director |
|
Address : |
TA Associates Private Limited, Avantha
House, C G Building, 12th Floor, Drabrd Worli, Mumbai – 400030, Maharashtra,
India |
|
Date of Birth/Age : |
03.11.1974 |
|
Date of Appointment : |
11.05.2011 |
|
DIN No.: |
01946905 |
KEY EXECUTIVES
|
Name : |
Mrs. Rakhi Sarkar |
|
Designation : |
Company Secretary |
|
Address : |
4H, Russa Road South 1st Lane, Tollyguange, Kolkata – 700033, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1970 |
|
Date of Appointment : |
01.08.2006 |
|
PAN No.: |
AUMPS3078G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
Shareholding Details file attached.
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies Corporate |
|
71.72 |
|
Directors or relatives of directors |
|
28.15 |
|
Other |
|
0.13 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Slurry Transportation, Pump, Screen Media and Wear
Products. |
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|
Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· Citi Bank N.A. Kanak Building, 41, Chowringhee
Road, Kolkata – 700071, West Bengal, India · Axis Bank Limited Kolkata Main Branch, 7, Shakespears Sarani, Kolkata – 700071, West Bengal, India · Standard Chartered Bank 19, N. S. Road, Kolkata – 700001, West Bengal, India |
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Facilities : |
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Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte
Haskins and Sells Chartered Accountants |
|
Address : |
Bengal
Intelligent Park, Building Alpha, 1st Floor, Block EP and GP, Sector V, Salt Lake
Electronics Complex, Kolkata – 700 091, West
Bengal, India |
|
PAN No.: |
AADFD5357J |
|
|
|
|
Holding Company : |
·
Nihal Fiscal
Services Private Limited, India |
|
|
|
|
Subsidiary company : |
· Tega Industries Inc. USA · Tega Industries Australia Pty Limited · Tega Industries Canada Inc. ·
Tega
Investments Limited · Tega Industries (SEZ) Limited · Tega Holdings Pte. Limited · Tega Holdings Pty. Limited · Tega Engineering Chile SpA · Tega Holdings Chile SpA · Acotec S.A., Chile · Tega Beruc SA (Proprietary) Limited, South Africa · Tega Do Brasil Servicos Technicos Ltda |
|
|
|
|
Fellow Subsidiary company : |
·
Maple Orgtech
(India) Limited ·
M M Aqua
Technologies Limited |
|
|
|
|
Associates : |
·
Hosch
Equipment (India) Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are
partners with Key management personnel and their relatives |
·
T P W Engineering Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Millions |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.700.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66293149 |
Equity Shares |
Rs.10/- each |
Rs.662.931
Millions |
|
|
|
|
|
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9300000 |
Equity Shares |
Rs.10/- each |
Rs.93.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4430836 |
Equity Shares |
Rs.10/- each |
Rs.44.308 Millions |
|
668637 |
Preference Shares |
Rs.10/- each |
Rs.6.686 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.50.994
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 |
50.995 |
50.995 |
44.308 |
|
(b) Reserves & Surplus |
3815.002 |
3209.816 |
1177.857 |
|
(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) |
3865.997 |
3260.811 |
1222.165 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
101.680 |
5.387 |
16.970 |
|
(b) Deferred tax liabilities (Net) |
3.861 |
18.321 |
16.064 |
|
(c) Other long term liabilities |
8.834 |
0.000 |
7.091 |
|
(d) long-term provisions |
29.643 |
17.853 |
9.210 |
|
Total Non-current Liabilities (3) |
144.018 |
41.561 |
49.335 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
512.519 |
619.919 |
509.824 |
|
(b) Trade payables |
392.698 |
311.002 |
381.159 |
|
(c) Other current
liabilities |
141.833 |
84.784 |
140.712 |
|
(d) Short-term provisions |
47.813 |
47.047 |
66.419 |
|
Total Current Liabilities (4) |
1094.863 |
1062.752 |
1098.114 |
|
|
|
|
|
|
TOTAL |
5104.878 |
4365.124 |
2369.614 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
611.997 |
491.761 |
412.571 |
|
(ii) Intangible Assets |
7.433 |
0.494 |
9.591 |
|
(iii) Capital work-in-progress |
32.716 |
50.309 |
47.701 |
|
(iv)
Intangible assets under development |
2.170 |
1.475 |
0.662 |
|
(b) Non-current Investments |
1617.640 |
1151.458 |
248.055 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
140.814 |
71.171 |
14.272 |
|
(e) Other Non-current assets |
24.550 |
19.957 |
56.414 |
|
Total Non-Current Assets |
2437.320 |
1786.625 |
789.266 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
556.643 |
551.842 |
0.000 |
|
(b) Inventories |
570.563 |
430.697 |
430.300 |
|
(c) Trade receivables |
1193.715 |
1288.651 |
904.212 |
|
(d) Cash and cash
equivalents |
38.575 |
39.262 |
88.602 |
|
(e) Short-term loans and
advances |
232.275 |
201.608 |
147.689 |
|
(f) Other current assets |
75.787 |
66.439 |
9.545 |
|
Total Current Assets |
2667.558 |
2578.499 |
1580.348 |
|
|
|
|
|
|
TOTAL |
5104.878 |
4365.124 |
2369.614 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3,479.942 |
3,023.818 |
2,227.051 |
|
|
|
Other Income |
143.638 |
106.176 |
59.965 |
|
|
|
TOTAL (A) |
3,623.580 |
3,129.994 |
2,287.016 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1,441.586 |
1,279.527 |
900.354 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
70.340 |
62.566 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(51.993) |
(43.915) |
(51.869) |
|
|
|
Employees benefits expense |
293.841 |
224.711 |
110.267 |
|
|
|
Other expenses |
958.332 |
697.956 |
617.573 |
|
|
|
TOTAL (B) |
2,641.766 |
2,228.619 |
1,638.891 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
981.814 |
901.375 |
648.125 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
48.818 |
42.515 |
37.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
932.996 |
858.860 |
610.885 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
75.269 |
71.978 |
60.318 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
857.727 |
786.882 |
550.567 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
252.540 |
248.257 |
184.497 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
605.187 |
538.625 |
366.070 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
136.58 |
121.56 |
82.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
16.70 |
17.21 |
16.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.65 |
26.02 |
24.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.84 |
24.89 |
26.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.24 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.16 |
0.19 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.44 |
2.43 |
1.44 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
44.308 |
50.995 |
50.995 |
|
Reserves & Surplus |
1177.857 |
3209.816 |
3815.002 |
|
Net worth |
1222.165 |
3260.811 |
3865.997 |
|
|
|
|
|
|
long-term borrowings |
16.970 |
5.387 |
101.680 |
|
Short term borrowings |
509.824 |
619.919 |
512.519 |
|
Total borrowings |
526.794 |
625.306 |
614.199 |
|
Debt/Equity ratio |
0.431 |
0.192 |
0.159 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from
Operations |
2,227.051 |
3,023.818 |
3,479.942 |
|
|
|
35.777 |
15.084 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
2,227.051 |
3,023.818 |
3,479.942 |
|
Profit |
366.070 |
538.625 |
605.187 |
|
|
16.44% |
17.81% |
17.39% |
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 |
OPERATIONS
The turnover achieved for the
year 2012-13 was Rs.3479.900 Millions, reflecting 15% increase as compared to
Rs.3023.800 Millions in the previous year. Profit before Tax increased by 9%
from Rs.786.800 Millions (26.02 % of sales) in 2011-12 to Rs.857.700 Millions
(24.65 % of sales) in the current year. EBIDTA increased by 8.60% from
Rs.898.600 Millions in 2011-12 to Rs.975.800 Millions in the year.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/ Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10474644 |
16/01/2014 |
100,000,000.00 |
YES BANK LIMITED |
9th FLOOR,NEHRU
CENTRE,DISCOVERY OF INDIA, DR.ANN |
B95102935 |
|
2 |
10382746 |
16/10/2012 |
55,000,000.00 |
The Hongkong
and Shanghai Banking Corporation Limi |
Hongkong House, 31 B B D Bag, Kolkata, West Benga |
B60548104 |
|
3 |
10375118 |
08/02/2013 * |
150,000,000.00 |
The Hongkong
and Shanghai Banking Corporataion Lim |
Hongkong House, 31 B B D Bagh, Kolkata,
West Beng |
B72268170 |
|
4 |
10368969 |
24/07/2012 |
115,000,000.00 |
The HongKong
& Shanghai Banking Corporation Limite |
HongKong House, 31, BBD Bagh, Kolkata, West Benga |
B45069952 |
|
5 |
10225146 |
27/03/2014 * |
220,000,000.00 |
Citibank N.A |
Kanak Building, 41 Chowringhee Road, Kolkata,
Wes |
C01190255 |
|
6 |
10146389 |
30/03/2009 * |
220,209,000.00 |
AXIS BANK LIMITED |
CREDIT MANAGEMENT CENTRE
(CMC),, 1, SHAKESPEARE S |
A60896917 |
|
7 |
10136430 |
21/11/2008 |
16,875,000.00 |
Axis Bank Ltd. |
Kolkata Main Branch, 7,
Shakespeare sarani, Kolka |
A53784070 |
|
8 |
10051251 |
13/03/2007 |
600,000.00 |
SYNDICATE BANK |
ALIPORE BRANCH, 8B,
ALIPORE ROAD, KOLKATA, West B |
A14540363 |
|
9 |
10023045 |
21/02/2007 * |
21,951,000.00 |
WEST BENGAL INDUSTRIAL
DEVELOPMENT CORPN LTD |
5 COUNCIL HOUSE ST.,
KOLKATA, West Bengal - 700001 |
A05863337 |
|
10 |
10023044 |
07/11/2006 |
11,728,000.00 |
WEST BENGAL INDUSTRIAL
DEVELOPMENT CORPN LTD |
5 COUNCIL HOUSE ST, KOLKATA,
West Bengal - 700001, |
A05862867 |
|
11 |
10056221 |
22/09/2006 |
221,000,000.00 |
SYNDICATE BANK |
ALIPORE BRANCH, 8B,
ALIPORE ROAD, KOLKATA, West B |
A06127781 |
|
12 |
80045113 |
21/09/2012 * |
300,000,000.00 |
Standard Chartered Bank |
CREDIT DOCUMENTATION
UNIT, NARAIN MANZIL, 23 BARA |
B60761145 |
|
13 |
80045114 |
30/04/2013 * |
300,000,000.00 |
Standard Chartered Bank |
19, NETAJI SUBHAS ROAD,, KOLKATA,
West Bengal - 70 |
B76334085 |
|
14 |
80031069 |
08/02/2013 * |
310,000,000.00 |
SYNDICATE BANK |
ALIPORE BRANCH, 8-B,
ALIPORE ROAD, KOLKATA, West |
B71048235 |
|
15 |
80031252 |
08/02/2013 * |
310,000,000.00 |
SYNDICATE BANK |
ALIPORE BRANCH, 8-B,
ALIPORE ROAD, KOLKATA, West |
B71048219 |
|
16 |
90250833 |
08/11/2005 * |
28,432,000.00 |
WEST BENGAL INDUSTRIAL
DEVELOPMETN CORPORTION LIMI |
5 COUNCIL HOUSE STREET, KOLKATA,
West Bengal - 700 |
- |
|
17 |
80015495 |
11/10/2012 * |
200,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH
(CBB),, 1, SHAKESPEARE S |
B63324891 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor vehicles
·
Other 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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.95 |
|
|
1 |
Rs.102.78 |
|
Euro |
1 |
Rs.81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.