MIRA
INFORM REPORT
|
Report Date : |
23.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
GAYSON AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18-D, Everest House, 46/C, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.07.1963 |
|
|
|
|
Com. Reg. No.: |
21-025860 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.771
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199WB1963PTC025860 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG00293G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG0158R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Supplier of Rolling Mills, Rolls, Associated Equipments and
Consumables to Mini Steel Plants. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1943800 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is the part of Modern Group. It is an established company having moderate track record. Profitability of the company seems to be low during 2013. The rating also takes into consideration volatility in raw material
prices, Intense Market Competition arising out of fragmentation in the
Ferro-Alloy Industry. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealing with some cautions.
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central
Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs
7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
30.06.2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Srinivas
|
|
Designation : |
Operation Head |
|
Contact No.: |
91-33-30521112 |
LOCATIONS
|
Registered /Head Office : |
18-D, Everest House, 46/C, Jawaharlal Nehru Road, Kolkata – 700071, West Bengal, India |
|
Tel. No.: |
91-33-30521112/ 14/ 15/ 16/ 17/ 20 |
|
Fax No.: |
91-33-22889247/ 1121 |
|
E-Mail : |
|
|
Website : |
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|
Head Office : |
6G-Everest, 46C, Jawaharlal Nehru Road, Kolkata-700 071, West Bengal, India |
|
|
|
|
Branch Office : |
Mumbai : Flat No. 1203, 12th Floor,
Jimmy Towers II, Plot No. 19 to 22, Sector 18, Kopar
Khairane, Navi Mumbai, Maharashtra, India Tel : 91-22-27547536 E-mail : kapil@gaysons.com Mr. K.K.Mahajan B-4A/27, Rana
Pratap Bagh, New Delhi –
110007, India E-mail : mahajan@gaysons.com Mr. N.K.Prasad 33, 9th Cross, 16th
Main Road, B.T.M. 1st Stage, Thavarekere,
Near BDA Park-N, Bangalore – 560029, Karnataka, India E-mail : prasad@gaysons.com Chennai : Mr. H.P.Singh AL-112, 11th Main Road, 3rd
Street, Anna Nagar, Chennai – 600040, Tamilnadu, India E-mail : hpsingh@gaysons.com Mr. Anand Dixit 128/253,
K Block, (Near Sri Rameswaram Mandir),
Kidwai Nagar, Kanpur – 208011,
Uttar Pradesh, India E-mail : anand@gaysons.com Bhillai : Mr. Razi
Ahmed C/o AM Menay,
EWS 151, Vaishali Nagar, Near
Gol Market, Bhillai,
District Durg, Chhattisgarh,
India E-mail : razi@gaysons.com |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Chetan Aggarwala |
|
Designation : |
Director |
|
Address : |
1/1D, Asha Co-operative Housing Limited, 93 Deshpran Sasmal Road, Kolkata – 700033, West Bengal, India. |
|
Date of Birth/Age : |
07.05.1975 |
|
Date of Appointment : |
08.02.2000 |
|
DIN No.: |
00107606 |
|
|
|
|
Name : |
Mr. Bhupinder Singh Saini |
|
Designation : |
Director |
|
Address : |
3/1, Mandeville Garden, Kolkata – 700019, West Bengal, India. |
|
Date of Birth/Age : |
20.07.1941 |
|
Date of Appointment : |
12.05.1981 |
|
DIN No.: |
00107665 |
|
|
|
|
Name : |
Mr. Tejinder Singh Saini |
|
Designation : |
Director |
|
Address : |
3/1, Mandeville Garden, Kolkata – 700019, West Bengal, India. |
|
Date of Birth/Age : |
16.03.1971 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00107721 |
|
|
|
|
Name : |
Mr. Amardeep Singh |
|
Designation : |
Director |
|
Address : |
3/1, Mandeville Garden, Kolkata – 700019, West Bengal, India. |
|
Date of Birth/Age : |
25.08.1960 |
|
Date of Appointment : |
06.10.1986 |
|
DIN No.: |
00107756 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas
|
|
Designation : |
Operation Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Amandeep Singh Dhanjal |
|
1910 |
|
Amarjit Kaur Saini |
|
4620 |
|
Gurvinder Kaur Dhanjal |
|
4440 |
|
Rana Udyog Private
Limited, India |
|
6819 |
|
Chetan Aggarwal |
|
2385 |
|
Bhupinder Singh |
|
4408 |
|
Amardeep Singh |
|
4545 |
|
Bharat Roll Industry Private Limited, India |
|
2580 |
|
Salil Aggarwal |
|
2384 |
|
Jitendra Singh |
|
1243 |
|
Bevlyn Saini |
|
4665 |
|
Tejinder Singh |
|
3070 |
|
Bakhshish Singh |
|
4625 |
|
|
|
|
|
TOTAL
|
|
47694 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
19.71 |
|
Directors
or relatives of directors |
|
39.91 |
|
Other
top fifty shareholders |
|
40.38 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier of Rolling Mills, Rolls, Associated Equipments and
Consumables to Mini Steel Plants. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
European Countries ·
Asian Countries ·
Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Australia ·
South Africa ·
Philippines |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customer: |
·
Wholesalers ·
Retailers |
||||||||||||
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|
|
||||||||||||
|
No. of Employees : |
2000 (Approximately) |
||||||||||||
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|
|
||||||||||||
|
Bankers : |
·
Axis Bank
Limited, Kolkata Main Branch, 7, Shakespeare Sarani, Kolkata – 700071, West
Bengal, India · ICICI Bank Limited, Regional Office-Kolkata, 2B, Gorky Terrace, Infront of Park Nursing Home, Kolkata - 700017, West Bengal, India ·
Punjab and Sindh Bank,
IBD Kolkata, 14 and 15, Old Court House Street,
Kolkata-700001, West Bengal, India ·
The Federal Bank Limited, Kolkata
Overseas Bank, Shakespeare Court, 21A, Shakespeare Sarani,
1st Floor, Kolkata-700017 West Bengal, India |
||||||||||||
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|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ghosh and Pande Chartered Accountants |
|
Address : |
Mercantile Building, Block – A, Room No. 59, 9, Lalbazar Street, 2nd Floor, Kolkata – 700001, West Bengal, India. |
|
Tel. No.: |
91-33-22304638 |
|
Fax No.: |
91-33-22304852/ 22312731 |
|
E-Mail : |
|
|
PAN No: |
AACFG0980H |
|
|
|
|
Associates : |
·
Bharat Roll Industry Private Limited
[U27109WB1985PTC038819] ·
Rana Udyog Private
Limited [U51909WB1995PTC071361] ·
Modern India Con Cast Limited [U27106WB1987PLC042166] ·
Naveen Holdings Private Limited
[U70109WB1987PTC042187] ·
Modern Ispat Private Limited ·
Magnum Dealcomm Private Limited
[U51909WB1995PTC075496] |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs.10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.4.769
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
47694 |
Equity Shares |
Rs.100/- each |
Rs.4.769
Millions |
|
|
Forfeited Shares |
|
Rs.0.002
Million |
|
|
TOTAL
|
|
Rs.4.771 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 |
4.771 |
4.771 |
4.771 |
|
(b) Reserves &
Surplus |
481.187 |
433.015 |
312.135 |
|
(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) |
485.958 |
437.786 |
316.906 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
4.156 |
4.981 |
6.015 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.156 |
4.981 |
6.015 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
808.234 |
827.299 |
903.555 |
|
(b) Trade payables |
234.585 |
466.379 |
449.260 |
|
(c) Other current
liabilities |
104.830 |
189.921 |
121.590 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
1147.649 |
1483.599 |
1474.405 |
|
|
|
|
|
|
TOTAL |
1637.763 |
1926.366 |
1797.326 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
50.972 |
55.044 |
59.815 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
62.919 |
62.919 |
50.986 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
125.736 |
6.043 |
2.856 |
|
(e) Other Non-current
assets |
11.708 |
0.000 |
0.000 |
|
Total Non-Current Assets |
251.335 |
124.006 |
113.657 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
73.153 |
45.051 |
96.721 |
|
(c) Trade receivables |
701.510 |
998.206 |
892.177 |
|
(d) Cash and cash
equivalents |
275.766 |
435.843 |
508.655 |
|
(e) Short-term loans and
advances |
3.500 |
0.000 |
4.809 |
|
(f) Other current assets |
332.499 |
323.260 |
181.307 |
|
Total Current Assets |
1386.428 |
1802.360 |
1683.669 |
|
|
|
|
|
|
TOTAL |
1637.763 |
1926.366 |
1797.326 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
7219.422 |
9177.656 |
7321.787 |
|
|
Other Income |
27.649 |
104.519 |
118.773 |
|
|
TOTAL (A) |
7247.071 |
9282.175 |
7440.560 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
6613.368 |
8546.928 |
6964.697 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(28.102) |
51.670 |
(41.017) |
|
|
Employees benefits
expense |
23.258 |
22.054 |
15.624 |
|
|
Prior period items |
0.979 |
4.236 |
0.597 |
|
|
Other expenses |
467.023 |
402.474 |
312.354 |
|
|
TOTAL (B) |
7076.526 |
9027.362 |
7252.255 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
170.545 |
254.813 |
188.305 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
92.262 |
69.816 |
46.127 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
78.283 |
184.997 |
142.178 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.423 |
5.145 |
5.534 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
73.860 |
179.852 |
136.644 |
|
|
|
|
|
|
|
Less |
TAX (H) |
25.689 |
58.971 |
45.588 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
48.171 |
120.881 |
91.056 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
424.246 |
303.364 |
212.308 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
472.417 |
424.245 |
303.364 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export of goods calculated on
FOB Basis |
NA |
8420.899 |
6894.986 |
|
|
Interest and Dividends |
NA |
0.036 |
0.556 |
|
|
TOTAL EARNINGS |
NA |
8420.935 |
6895.542 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
333.068 |
156.967 |
|
|
TOTAL IMPORTS |
NA |
333.068 |
156.967 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1010.01 |
2534.51 |
1909.17 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
6200.000 |
The above information has been parted by Mr. Srinivas
(Operation Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.66
|
1.30 |
1.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.02
|
1.95 |
1.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.69
|
9.65 |
7.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.41 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.66
|
1.89 |
2.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.21 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
4.771 |
4.771 |
4.771 |
|
Reserves & Surplus |
433.015 |
481.187 |
481.187 |
|
Net worth |
437.786 |
485.958 |
485.958 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
903.555 |
827.299 |
808.234 |
|
Total borrowings |
903.555 |
827.299 |
808.234 |
|
Debt/Equity ratio |
2.064 |
1.702 |
1.663 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
7321.787 |
9177.656 |
7219.422 |
|
|
|
25.347 |
(21.337) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
7321.787 |
9177.656 |
7219.422 |
|
Profit |
91.056 |
120.881 |
48.171 |
|
|
1.24% |
1.32% |
0.67% |
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 four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10420729 |
03/04/2013 |
110,000,000.00 |
PUNJAB & SINDH BANK |
IBD KOLKATA, 14 & 15,
OLD COURT HOUSE STREET, KOLKATA - 700001, WEST BENGAL, INDIA |
B73458903 |
|
2 |
10327337 |
28/12/2011 |
180,000,000.00 |
ICICI BANK LIMITED |
REGIONAL OFFICE-KOLKATA, 2B,
GORKY TERRACE, IN FRONT OF PARK NURSING HOME, KOLKATA - 700017, WEST BENGAL,
INDIA |
B29329992 |
|
3 |
10182847 |
07/09/2009 |
87,500,000.00 |
IDBI BANK LTD. |
IDBI HOUSE, 44,
SHAKESPEARE SARANI, KOLKATA - 700017, WEST |
A72114424 |
|
4 |
90252543 |
14/08/2013 * |
950,000,000.00 |
THE FEDERAL BANK LTD |
KOLKATA OVERSEAS BRANCH,
'SHAKESPEARE COURT', 21A |
B82811142 |
|
5 |
90251228 |
24/11/2011 * |
1,000,000,000.00 |
THE FEDERAL BANK LTD |
KOLKATA OVERSEAS BRANCH,
'SHAKESPEARE COURT', 21A |
B28027753 |
* Date of charge modification
OPERATIONAL REVIEW:
The performance of the company
was not as good as compared with that of the last year. The company has during
the year achieved a turnover of Rs.6785.449 Millions against that of the
previous year Rs. 8726.228 Millions resulting in an
decrease of about 22 % over the previous year due to the slump in the Iron and
Steel Sector. The Company is a Trader cum Exporter in the Iron and Steel Sector
and currently the Iron and Steel Sector is going through a downward slump which
in turn is also affecting our sales.
|
Unsecured Loan |
As
on 31.03.2013 [Rs. in Millions] |
As
on 31.03.2012 [Rs. in Millions] |
|
Short Term
Borrowings |
|
|
|
Loans and advances from directors |
1.005 |
2.899 |
|
TOTAL
|
1.005 |
2.899 |
FIXED ASSETS:
·
Land
·
Leasehold
Holiday Resort
·
Building
·
Flat
·
Plant
and Machinery
·
Office
Equipments
·
Motor
Car
·
Fax
Machine
·
Air
Conditioner
·
Television
·
Refrigerator
·
Furniture
and Fittings
·
Electrical
Installation
·
Wind
Electric Generator
·
Xerox
Machine
·
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 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.60.79 |
|
|
1 |
Rs.99.30 |
|
Euro |
1 |
Rs.78.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.