Summary Information
|
Country |
India |
||
|
Company Name |
Kal Publications Private Limited |
Principal Name 1 |
Mr. Kalanithi Maran |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Kavery Kalanithi |
|
Registration # |
18-57756 |
||
|
Street Address |
Murasoli Maran Tower, 73 MRC Nagar Main Road, MRC Nagar,
Chennai - 600028, Tamilnadu, India |
||
|
Established Date |
07.10.2005 |
SIC Code |
|
|
Telephone# |
91-44-42209191 |
Business Style 1 |
Printing |
|
Fax # |
91-44-42209110 |
Business Style 2 |
Publishing |
|
Homepage |
http://www.dinakaran.com
|
Product Name 1 |
New Papers |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.107,433,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
City Union Bank |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
B (34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Parties |
-- |
Sun Direct TV Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,046,366,000 |
Current Liabilities |
825,813,000 |
|
Inventories |
274,238,000 |
Long-term Liabilities |
1163,873,000 |
|
Fixed Assets |
1,093,395,000 |
Other Liabilities |
266,137,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,255,823,000 |
|
Invest& other Assets |
6,629,000 |
Retained Earnings |
417,372,000 |
|
|
|
Net Worth |
524,805,000 |
|
Total Assets |
2,780,628,000 |
Total Liab. & Equity |
2,780,628,000 |
|
Total Assets (Previous Year) |
2,572,756,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
2708,488,000 |
Net Profit |
(23.555,000) |
|
Total Income (Previous yr) |
2,826,372,000 |
Net Profit(Prev.yr) |
288,013,000 |
MIRA INFORM REPORT
|
Report Date : |
06.06.2014 |
.
IDENTIFICATION DETAILS
|
Name : |
KAL PUBLICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Murasoli Maran Tower, 73 MRC Nagar Main Road, MRC Nagar,
Chennai - 600028, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.10.2005 |
|
|
|
|
Com. Reg. No.: |
18-57756 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.107.433 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121TN2005PTC057756 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK07745D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK6694D |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Printing and Publishing of New Papers |
|
|
|
|
No. of Employees
: |
Information declined by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2090000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having moderate track. As per registrar of companies the date of financial statements is shown
as march, 03, 2013 but the document related to the financial are not
available from any source. Management has remained non -
cooperative to provide any information about the subject to us. As per available the company passesses a favorable financial profile
marked by an average networth base. Management has reported a loss from its operations during FV 12 However, trade relations seems to be fair. Business is active. Payment
terms are unknown. In view of extensive experience of the promoters and lack of latest
financials, the subject can be considered for business dealings with some
caution. |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DENIDED
Management non co – operative. 91-44-44676767.
LOCATIONS
|
Registered Office : |
Murasoli Maran Tower, 73 MRC Nagar Main Road, MRC Nagar,
Chennai - 600028, Tamilnadu, India |
|
Tel. No.: |
91-44-42209191/ 44676767 |
|
Fax No.: |
91-44-42209110/ 24643667 |
|
E-Mail : |
|
|
Website : |
http://www.dinakaran.com
|
|
|
|
|
Factory/ Printing Press : |
Located at ·
Chennai |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ramesh Ravilla Manu Ranganathan |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 141, Senthamarai, Kannan Salai, Venkateshwara Nagar,
Kottivakkam, Chennai – 600041, Tamilnadu, India |
|
Date of Birth/Age : |
04.12.1965 |
|
Date of Appointment : |
22.12.2005 |
|
DIN No.: |
00811887 |
|
|
|
|
Name : |
Mr. Krishnaswamy Vijaykumar |
|
Designation : |
Director |
|
Address : |
#204, Windsor Court, #17 Millers Road, Bangalore – 560046, Karnataka,
India |
|
Date of Birth/Age : |
20.11.1964 |
|
Date of Appointment : |
02.11.2012 |
|
DIN No.: |
03578076 |
|
|
|
|
Name : |
Mr. Kannappan Shanmugam |
|
Designation : |
Director |
|
Address : |
No.12, Sixth Street, Gopalapuram, Chennai – 600086, Tamilnadu,
India |
|
Date of Birth/Age : |
28.03.1965 |
|
Date of Appointment : |
02.11.2012 |
|
DIN No.: |
00551319 |
MAJOR SHAREHOLDERS
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kalanaethi Maran |
|
10243275 |
|
Kavery Kalanithi |
|
500000 |
|
|
|
|
|
Total |
|
10743275 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Other top fifty shareholders |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of New Papers |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Axis Bank, A. J. C. Bose Road, Kolkata, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Karra and Company Chartered Accountant |
|
Address : |
Anugraha, New No. 28, Ground Floor, Murray’s Gate Road, Alwarpet, Chennai
– 600018, Tamilnadu, India |
|
PAN No.: |
AAAFK3000E |
|
|
|
|
Related Parties: |
·
Sun Direct TV Private Limited, CIN NO:
U92132TN2005PTC055398 ·
Kal Radio Limited, India, CIN NO: U92131TN2005PLC057755 ·
Kungumam Publication Private Limited, CIN NO:
U22121TN1978PTC007428 ·
Kal Cables Private Limited, CIN NO:
U92113TN2003PTC050763 ·
Kal Comm Private Limited CIN NO:
U51909TN1989PTC017239 |
|
|
|
|
Group Companies : |
Sun Network Limited CIN NO: L22110TN1985PLC012491 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20160000 |
Equity Shares |
Rs.10/- each |
Rs.201.600 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10743275 |
Equity Shares |
Rs.10/- each |
Rs.107.433
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
107.433 |
|
(b) Reserves & Surplus |
|
|
417.372 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
524.805 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
884.657 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
137.366 |
|
(d) long-term
provisions |
|
|
265.118 |
|
Total Non-current
Liabilities (3) |
|
|
1287.141 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
279.216 |
|
(b) Trade
payables |
|
|
679.610 |
|
(c) Other
current liabilities |
|
|
8.837 |
|
(d) Short-term
provisions |
|
|
1.019 |
|
Total Current
Liabilities (4) |
|
|
968.682 |
|
|
|
|
|
|
TOTAL |
|
|
2780.628 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
1067.670 |
|
(ii)
Intangible Assets |
|
|
15.987 |
|
(iii)
Capital work-in-progress |
|
|
9.738 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.001 |
|
(c) Deferred tax assets (net) |
|
|
6.628 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
176.105 |
|
Total Non-Current
Assets |
|
|
1276.129 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
274.238 |
|
(c) Trade
receivables |
|
|
710.549 |
|
(d) Cash
and cash equivalents |
|
|
425.499 |
|
(e)
Short-term loans and advances |
|
|
7.344 |
|
(f) Other
current assets |
|
|
86.869 |
|
Total
Current Assets |
|
|
1504.499 |
|
|
|
|
|
|
TOTAL |
|
|
2780.628 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
100.000 |
100.000 |
|
|
2] Share Application Money |
|
65.000 |
125.000 |
|
|
3] Reserves & Surplus |
|
395.275 |
107.262 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
560.275 |
332.262 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
1120.145 |
1144.145 |
|
|
TOTAL BORROWING |
|
1120.145 |
1144.145 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1680.420 |
1476.407 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1117.121 |
1105.209 |
|
|
Capital work-in-progress |
|
6.680 |
42.557 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.002 |
0.002 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
187.254
|
176.685 |
|
|
Sundry Debtors |
|
628.286
|
481.650 |
|
|
Cash & Bank Balances |
|
376.179
|
295.499 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
254.232
|
91.144 |
|
Total
Current Assets |
|
1445.951
|
1044.978 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
506.826
|
493.159 |
|
|
Other Current Liabilities |
|
149.570
|
146.130 |
|
|
Provisions |
|
235.940
|
81.350 |
|
Total
Current Liabilities |
|
892.336
|
720.639 |
|
|
Net Current Assets |
|
553.615
|
324.339 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
3.002 |
4.300 |
|
|
|
|
|
|
|
|
TOTAL |
|
1680.420 |
1476.407 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
2708.488 |
2826.372 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
2632.025 |
2287.454 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
76.463 |
538.918 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
103.900 |
105.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX (E-F) |
|
(27.437) |
433.255 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
(3.882) |
145.242 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
LOSSAFTER TAX (G-H) |
|
(23.555) |
288.013 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
3.383 |
3.009 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
CIF Value |
|
82.969 |
23.663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(2.19) |
28.80 |
|
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
||
|
|
|
Income |
|
|
2333.509 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
2333.509 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
1853.511 |
|
|
|
|
|
|
|
|
|
PROFIT(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
479.998 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
109.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
370.678 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
25.834 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Adjustment |
|
|
0.307 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
344.537 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
(238.638) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
105.899 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
0.140 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
382.828 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.87) |
10.19 |
14.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.99) |
NA
|
17.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
(0.09)
|
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.22 |
3.59
|
5.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.62
|
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2333.509 |
2826.372 |
2708.488 |
|
|
|
21.121 |
(4.171) |
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 |
No |
|
16] |
Details of sister concerns |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The Registered office of the company has been
shifted from, No.229, Kutcherry Road, Mylappore, Chennai – 600004, Tamilnadu,
India, to the present address w.e.f. 09.12.2010
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs. In Millions) |
31.03.2011 (Rs. In Millions) |
|
|
|
|
|
Loans directors unsecured |
884.657 |
1120.145 |
|
|
|
|
|
Total |
884.657 |
1120.145 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90284668 |
10/02/1993 |
146,050.00 |
SUNDARAM FINANCE LIMITED |
21 PATOLLOS ROAD, MADRAS, TAMIL NADU - 600002, IND |
- |
|
2 |
90286789 |
06/04/1990 |
115,000.00 |
THE MANGER INDIAN BANK |
347 ARCOT ROAD KODAMBAKKAM BRANCH, MADRAS, TAMIL N |
- |
|
3 |
90285006 |
06/04/1990 |
3,500,000.00 |
THE MANGER INDIAN BANK |
347 ARCOT ROAD KODAMBAKKAM BRANCH, MADRAS, TAMIL N |
- |
|
4 |
90284995 |
05/08/1989 |
1,500,000.00 |
THE MANGER INDIAN BANK |
347 ARCOT ROAD KODAMBAKKAM BRANCH, MADRAS, TAMIL N |
- |
|
5 |
90284985 |
11/02/1989 |
600,000.00 |
BANK OF TAMILNADU |
NEAR NAMABAKKAM BRANCH, TAMIL NADU, INDIA |
- |
|
6 |
90284961 |
14/10/1987 |
566,000.00 |
INDIAN BNAK |
KODAMBAKKAM BRANCH, MADRAS, TAMIL NADU - 600024, I |
- |
|
7 |
90284892 |
19/07/1983 |
4,000,000.00 |
BANK OF TAMILNAD LTD |
WEST MABALAM BRANCH, MADRAS, TAMIL NADU - 600033, |
- |
|
8 |
90284871 |
09/01/1992 * |
450,000.00 |
THE MANAGER INDIAN BANK |
KODAMBAKKAM BRANCH, MADRAS, TAMIL NADU - 600024, I |
- |
|
9 |
90286787 |
23/10/1981 |
1,030,000.00 |
INDIAN BNAK |
KODAMBAKKAM BRANCH 347 ARCOT ROAD, MADRAS, TAMIL N |
- |
|
10 |
90286788 |
23/10/1981 |
1,030,000.00 |
INDIAN BANK |
KODAMBAKKAM B 347 ARCOT ROAD, MADRAS, TAMIL NADU - |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building – Factory
·
Building – Others
·
Plant and Machinery
·
Electrical Fittings
·
Office Equipments
·
Furniture and Fittings
·
Computers
·
Vehicles
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 records 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.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
YOG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
34 |
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.