. Summary Information
|
|
|
Country |
India |
|
Company Name |
KARUNA MANAGEMENT SERVICES PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjoy Tekriwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sandeep Tekriwal |
|
|
|
Registration # |
14.07.1995 |
|
Street Address |
Meridian Plaza, 207,
C.R. Avenue, 4th Floor, Kolkata – 700006, West Bengal, India |
||
|
Established Date |
14.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-33-22693289 |
Business Style 1 |
Distributors |
|
Fax # |
91-33-22693288 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Samsung Mobile |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
10,154,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 70.71% Directors
or relatives of directors – 29.02% Others – 0.27% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
353,749,000 |
Current Liabilities |
166,758,000 |
|
Inventories |
312,800,000 |
Long-term Liabilities |
354,139,000
|
|
Fixed Assets |
66,027,000 |
Other Liabilities |
1,732,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
522,629,000 |
|
Invest& other Assets |
3,853,000 |
Retained Earnings |
203,646,000 |
|
|
|
Net Worth |
213,800,000 |
|
Total Assets |
736,429,000 |
Total Liab. & Equity |
736,429,000 |
|
Total Assets (Previous Year) |
487,103,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
32,201,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
23,557,000 |
MIRA
INFORM REPORT
|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
KARUNA MANAGEMENT SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Meridian Plaza, 207, C.R. Avenue, 4th Floor,
Kolkata-700006, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.07.1995 |
|
|
|
|
Com. Reg. No.: |
21-072875 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.154 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120WB1995PTC072875 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK02922D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK1666L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributors of Samsung Mobile. |
|
|
|
|
No. of Employees
: |
Information declined by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 850000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term bank facilities BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
05.08.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term bank facilities A3 + s |
|
Rating Explanation |
Moderate degree of safety and High credit
risk. |
|
Date |
05.08.2013 |
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
Management non co-operative.91-33-30084125
LOCATIONS
|
Registered Office / Corporate Office : |
Meridian Plaza, 207, C.R. Avenue, 4th Floor, Kolkata –
700006, West Bengal, India |
|
Tel. No.: |
91-33-22693289/90 |
|
Fax No.: |
91-33-22693288 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At:
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Sanjoy Tekriwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
BG-14, Sector II, Salt Lake City, Kolkata – 700091, West Bengal, India
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.10.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00495631 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sandeep Tekriwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
BG-14, Sector II, Salt Lake City, Kolkata – 700091, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.05.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00495666 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sashikant Chiripal |
|
2700 |
|
Madhu Tekriwal |
|
19800 |
|
Sanjoy Tekriwal |
|
80950 |
|
Siddharth Tekriwal |
|
8100 |
|
Gouri ShankarBiswanath(HUF) |
|
24400 |
|
Gouri Shankar Tekriwal (HUF) |
|
22000 |
|
Gouri Shankar Tekriwal |
|
148240 |
|
Karuna Financial Services P.L. |
|
168700 |
|
Meghna Tekriwal |
|
26500 |
|
Sandeep Tekriwal |
|
9100 |
|
Sanjoy Tekriwal (HUF) |
|
24300 |
|
Comfort Business P.L. |
|
101000 |
|
SHS Merchants P.L |
|
118100 |
|
Samrat Vyapaar P.L. |
|
122100 |
|
Karuna Retails P.L. |
|
124725 |
|
Sandeep Tekriwal - HUF |
|
12650 |
|
Harsh Vardhan Tekriwal |
|
2000 |
|
|
|
|
|
Total |
|
1015365 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
70.71 |
|
Directors or relatives of Directors |
29.02 |
|
Other top fifty shareholders |
0.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Samsung Mobile. |
||||
|
|
|
||||
|
Products : |
|
*/
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Industrial Finance Branch, 11, DR. U.N.
Brahmachari Street, Kolkata-700017, West Bengal, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Shruti Dokania and Associates Chartered Accountants |
|
Address : |
12, Mangoe Lane, 1st Floor, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-38225661 |
|
PAN.: |
ADLPD5543K |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital : Rs. 12.500 Millions
Issued, Subscribed & Paid-up Capital : Rs. 10.558
Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1015365 |
Equity Shares |
Rs.10/- each |
Rs. 10.154 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
10.154 |
|
(b) Reserves & Surplus |
|
|
203.646 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
213.800 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
5.537 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.525 |
|
(c) Other long term liabilities |
|
|
26.660 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
32.722 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
348.602 |
|
(b) Trade payables |
|
|
131.718 |
|
(c) Other current
liabilities |
|
|
8.380 |
|
(d) Short-term provisions |
|
|
1.207 |
|
Total Current Liabilities (4) |
|
|
489.907 |
|
|
|
|
|
|
TOTAL |
|
|
736.429 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
66.027 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
3.853 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.396 |
|
(e) Other Non-current assets |
|
|
0.956 |
|
Total Non-Current Assets |
|
|
71.232 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
4.818 |
|
(b) Inventories |
|
|
312.800 |
|
(c) Trade receivables |
|
|
285.326 |
|
(d) Cash and cash
equivalents |
|
|
9.341 |
|
(e) Short-term loans and
advances |
|
|
16.793 |
|
(f) Other current assets |
|
|
36.119 |
|
Total Current Assets |
|
|
665.197 |
|
|
|
|
|
|
TOTAL |
|
|
736.429 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.078 |
9.039 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
151.019 |
125.502 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
160.097 |
134.541 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
235.300 |
148.195 |
|
|
2] Unsecured Loans |
|
0.000 |
0.208 |
|
|
TOTAL BORROWING |
|
235.300 |
148.403 |
|
|
DEFERRED TAX LIABILITIES |
|
0.405 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
395.802 |
282.944 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
19.676 |
9.486 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
7.027 |
4.894 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
265.582
|
262.966
|
|
|
Sundry Debtors |
|
154.467
|
283.916
|
|
|
Cash & Bank Balances |
|
12.250
|
8.172
|
|
|
Other Current Assets |
|
2.859
|
0.000
|
|
|
Loans & Advances |
|
25.242
|
15.972
|
|
Total
Current Assets |
|
460.400
|
571.026
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
71.982
|
275.225
|
|
|
Other Current Liabilities |
|
9.013
|
16.346
|
|
|
Provisions |
|
10.306
|
10.891
|
|
Total
Current Liabilities |
|
91.301
|
302.462
|
|
|
Net Current Assets |
|
369.099
|
268.564
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
395.802 |
282.944 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
N.A |
N.A |
|
|
|
Other Income |
|
N.A |
N.A |
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
N.A |
N.A |
|
|
|
Administrative Expenses |
|
N.A |
N.A |
|
|
|
Advertising Expenses |
|
N.A |
N.A |
|
|
|
TOTAL |
NA |
N.A |
N.A |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
48.286 |
34.271 |
32.780 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.085 |
10.714 |
10.868 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.201 |
23.557 |
21.912 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
11.358 |
27.800 |
9.888 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
25.000 |
40.000 |
4.000 |
|
|
BALANCE CARRIED
TO THE B/S |
18.559 |
11.358 |
27.800 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.71 |
23.20 |
21.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.59 |
7.13 |
5.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.21 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.66 |
1.47
|
3.35
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
5.04
|
1.89
|
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 |
No |
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10462344 |
18/11/2013 |
35,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. |
B90390451 |
|
2 |
10456486 |
23/10/2013 |
711,200,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR.U.N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL -700017 , INDIA |
B88126891 |
|
3 |
90245006 |
23/10/2013 * |
711,200,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR.U.N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL -700017 , INDIA |
B88127501 |
|
4 |
90248904 |
02/07/2013 * |
688,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. |
B79500518 |
UNSECURED LOAN
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
|
|
|
|
Term loan from others (members) |
5.000 |
0.000 |
|
Total |
5.000 |
0.000 |
FIXED ASSETS
- Building
- Office Equipments
- Computer
- Furniture Fixtures
- Motor 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 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.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
YOG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.