MIRA INFORM REPORT
|
Report No. : |
356688 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOTHARI METALS LIMITED |
|
|
|
|
Registered
Office : |
Kothari Mansion, Ground Floor, 20/1, Belvedere Road, Kolkata – 700027,
West Bengal |
|
Tel. No.: |
91-33-40220700 (30 lines) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
06.06.1977 |
|
|
|
|
Com. Reg. No.: |
21-031033 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 27.597 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113WB1977PLC031033 |
|
|
|
|
IEC No.: |
0288015916 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK0820C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Trader, Importer and Supplier of non-ferrous metals. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1977 having
satisfactory track. It is engaged in the business as trader, importer and supplier of
non-ferrous metals. General financial position of the company is normal and acceptable for
business dealings. Further, the rating also takes into consideration debt free balance sheet
and long track record of business operations. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct and as per commitment. In view of long track record and acceptable financial base, the
company can be considered normal for business dealings at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Gupta |
|
Designation : |
C.F.O. |
|
Contact No.: |
91-22-24313104/9831002005 |
LOCATIONS
|
Registered Office : |
Kothari Mansion, Ground Floor, 20/1, Belvedere Road, Kolkata – 700027,
West Bengal, India |
|
Tel. No.: |
91-33-40220700 (30 lines) |
|
Mobile No.: |
91-9831002005 (Mr. Amit) |
|
Fax No.: |
91-33-24566923 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
9, Transport Depot Road, Kolkata – 700088, West Bengal, India |
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
S.C.O. No. F-81, Sector - 22, At |
|
Tel. No.: |
91-124-4010524 / 4010526 / 3296660 |
|
Fax No.: |
91-124-4010525 |
|
Area : |
20000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Office 2: |
Shed No. S-8A, Telco Industrial Estate, Madhavaram, Chennai – 600 060,
|
|
Tel. No.: |
91-44-25590200 / 2559021 |
|
Fax No.: |
91-44-25233129 |
|
Area : |
18000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Office 3: |
1252, Pushpanjali apartment, 6th Floor, Suite no.602, |
|
Tel. No.: |
91-22-24371957 / 24313104 |
|
Mobile No.: |
91-9322260696 |
|
Fax No.: |
91-22-66669302 |
|
Area : |
16000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Office 4 : |
B 6/7, Okhla Industrial Area, Phase –II, |
|
Tel. No.: |
91-11-41707897 / 32564679 / 40502991 / 40502992 |
|
Mobile No.: |
91-9810064679 |
|
Fax No.: |
91-11-41001530 |
|
Area : |
20000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Office 5 : |
G. T. Road, Focal Point, Ludhiana -141 010, Punjab, India |
|
Tel. No.: |
91-161-2510240 / 3265196 |
|
Fax No.: |
91-161-2510241 |
|
E-Mail : |
|
|
|
|
|
Branch Office 6 : |
Plot No. 181, Sub Plot No. 20 and 21, Near Bhamaria Kunwa, Narol
Aslali Highwa, NIDC, Narol, Ahmedabad -382405,Gujarat, India |
|
Tel. No.: |
91-79-32408211 |
|
Fax No.: |
91-79-25734378 |
|
E-Mail : |
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|
|
|
|
Branch Office 7 : |
No. B-315, 9th Cross , 1st Stage, Peenya Industrial Area, Bengaluru -
560 058, |
|
Tel. No.: |
91-80-32503777 |
|
E-Mail : |
|
|
|
|
|
Branch Office 8: |
L-26 and 27, MIDC Industrial Area, Taloja- 410208, Maharashtra,
India |
|
Tel. No.: |
91-22-27401452/53/54 |
|
Mobile No.: |
91-9322260696 |
|
Fax No.: |
91-22-27401455 |
|
E-Mail : |
|
|
|
|
|
Branch Office 9 : |
149, Shopping Complex, Behind Rahat Hospital, Alwar, Biwadi – 301019,
Rajasthan, India |
|
Tel. No.: |
91-124-3296660 |
|
Fax No.: |
91-124-4010525 |
|
E-Mail : |
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|
|
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|
Branch Office : |
Also Located At:
|
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Ranjit Singh Kothari |
|
Designation : |
Director |
|
Address : |
3, Alipore Road, Kolkata – 700 017, West Bengal, India |
|
Date of Birth/Age : |
07.10.1950 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
06.06.1977 |
|
PAN No.: |
AFVPK4521L |
|
DIN No.: |
00217182 |
|
|
|
|
Name : |
Mr. Vikash Kothari |
|
Designation : |
Director |
|
Address : |
3, Alipore Road, Kolkata – 700 027, West Bengal, India |
|
Date of Birth/Age : |
11.12.1973 |
|
Qualification : |
M.Sc. |
|
Date of Appointment : |
28.09.1994 |
|
PAN No.: |
ALEPK9600P |
|
DIN No.: |
00217327 |
|
|
|
|
Name : |
Mrs. Shalini Kothari |
|
Designation : |
Director |
|
Address : |
3, Alipore Road, Kolkata – 700 027, West Bengal, India |
|
Date of Birth/Age : |
27.08.1975 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
14.03.2006 |
|
PAN No.: |
AFVPK6059G |
|
DIN No.: |
00217697 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Gupta |
|
Designation : |
C.F.O. |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Ranjit Singh Kothari |
|
620296 |
|
Sayar Devi Kothari |
|
85010 |
|
Kothari Metal Resources Private Limited, India |
|
162866 |
|
Vikash Kothari |
|
125597 |
|
Calcutta Multimax Private Limited, India |
|
274742 |
|
Kothari \ Surana Hansraj [Shalini and Pragati] |
|
3500 |
|
Ranjit Singh Kothari Vikash |
|
17500 |
|
Kothari Devi Sayar Vikash |
|
4010 |
|
Kothari Vikash |
|
145500 |
|
Ranjit Singh Kothari |
|
151100 |
|
Ranjit Singh Kothari Sayar Devi |
|
170000 |
|
Kothari Shalini and Vikash |
|
40000 |
|
Ranjit Singh Kothari (HUF) |
|
176566 |
|
Vikash Kothari (HUF) |
|
39500 |
|
Surana Pragati |
|
54000 |
|
Kothari Magnesium Industries Private Limited, India |
|
340800 |
|
Kothari Commercial Corporation, India |
|
98676 |
|
Kothari Unnati |
|
40000 |
|
Kothari Vikash and Shalini |
|
5000 |
|
Kothari Devi Sayar and Shalini |
|
5000 |
|
Kothari Shalini |
|
200000 |
|
TOTAL |
|
2759663 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
28.21 |
|
Directors or relatives of Directors |
71.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Supplier of non-ferrous metals |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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||||||||||||||||||||||||||||
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|
Auditors : |
|
|
Name : |
S. M. Daga and Company Chartered Accountants |
|
Address : |
11, Clive Row, 2nd Floor, Kolkata- 700001, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AATFS3134N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
[U27109WB1986PTC041029]
[U70101WB1989PTC046918]
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5600000 |
Equity Shares |
Rs.10/- each |
Rs. 56.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2759663 |
Equity Shares |
Rs.10/- each |
Rs.27.597
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
27.597 |
27.597 |
27.597 |
|
(b) Reserves & Surplus |
906.444 |
827.267 |
760.569 |
|
(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) |
934.041 |
854.864 |
788.166 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
10.547 |
9.947 |
9.171 |
|
(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) |
10.547 |
9.947 |
9.171 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1308.467 |
905.389 |
908.234 |
|
(c) Other current
liabilities |
23.569 |
22.715 |
22.328 |
|
(d) Short-term
provisions |
79.837 |
65.858 |
29.588 |
|
Total Current
Liabilities (4) |
1411.873 |
993.962 |
960.150 |
|
|
|
|
|
|
TOTAL |
2356.461 |
1858.773 |
1757.487 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
153.634 |
122.378 |
127.393 |
|
(ii)
Intangible Assets |
1.247 |
1.718 |
0.996 |
|
(iii)
Capital work-in-progress |
0.000 |
26.959 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.824 |
6.070 |
4.888 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.460 |
3.323 |
2.321 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
175.165 |
160.448 |
135.598 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
511.295 |
424.969 |
451.530 |
|
(c) Trade
receivables |
1068.572 |
879.560 |
773.185 |
|
(d) Cash
and cash equivalents |
447.471 |
278.919 |
292.658 |
|
(e)
Short-term loans and advances |
23.399 |
19.410 |
42.013 |
|
(f) Other
current assets |
130.559 |
95.467 |
62.503 |
|
Total Current
Assets |
2181.296 |
1698.325 |
1621.889 |
|
|
|
|
|
|
TOTAL |
2356.461 |
1858.773 |
1757.487 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
8654.668 |
6464.576 |
5882.329 |
|
|
Other Income |
40.041 |
41.015 |
31.175 |
|
|
TOTAL |
8694.709 |
6505.591 |
5913.504 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
8513.523 |
6254.929 |
5829.322 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(86.325) |
26.561 |
(111.907) |
|
|
Employees benefits expense |
18.495 |
16.309 |
16.755 |
|
|
Other expenses |
116.871 |
97.671 |
81.140 |
|
|
TOTAL |
8562.564 |
6395.470 |
5815.310 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
132.145 |
110.121 |
98.194 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.149 |
0.142 |
0.859 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
131.996 |
109.979 |
97.335 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.292 |
5.918 |
5.464 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
124.704 |
104.061 |
91.871 |
|
|
|
|
|
|
|
Less |
TAX |
44.237 |
37.047 |
30.226 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
80.467 |
67.014 |
61.645 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.15 |
24.28 |
22.34 |
Expected Sales (2015-16): Rs. 8750.000 Million
The above information has been parted by Mr. Dinesh
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
195.330 |
(4.593) |
NA |
|
Net cash flows from (used in) operations |
152.374 |
(39.805) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.93 |
1.04 |
1.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.53 |
1.70 |
1.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.33 |
5.70 |
5.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.71 |
1.69 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
27.597 |
27.597 |
27.597 |
|
Reserves & Surplus |
760.569 |
827.267 |
906.444 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
788.166 |
854.864 |
934.041 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5882.329 |
6464.576 |
8654.668 |
|
|
|
9.898 |
33.878 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5882.329 |
6464.576 |
8654.668 |
|
Profit |
61.645 |
67.014 |
80.467 |
|
|
1.05% |
1.04% |
0.93% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office
address of the company has been shifted from 7/1, Lord Sinha Road, Kolkata –
700071, West Bengal, India to the present address w.e.f. 27.02.2009
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10429497 |
16/01/2015 * |
300,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH (CBB), 1, SHAKESPEARE S West Bengal - 700071, INDIA |
C44124865 |
|
2 |
10354096 |
30/07/2014 * |
400,000,000.00 |
Citi Bank N.A. |
Kanak Building, 41 Chowringhee Road, Kolkata, West Bengal - 700071, INDIA |
C37428802 |
|
3 |
10259877 |
03/05/2012 * |
300,000,000.00 |
Citibank N.A |
Kanak Building, 41 Chowringhee
Road, Kolkata, Wes |
B40476418 |
|
4 |
10050100 |
06/09/2011 * |
240,000,000.00 |
BANK OF INDIA |
KOLKATA MID
CORPORATE BRANCH, 5, B.T.M. SARANI, West Bengal - 700001, INDIA |
B20240545 |
|
5 |
80020787 |
19/01/2009 * |
195,000,000.00 |
ORIENTAL BANK OF COMMERCE |
Overseas Branch, (Lord's Building), 7/1, Lord Sinha Road, (Ground Floor), Kolkata, West Bengal - 700071, INDIA |
A55632996 |
|
6 |
90252190 |
28/11/2006 * |
60,000,000.00 |
STATE BANK OF SAURASHTRA |
BHOWANIPUR BRANCH, 1A, ASHUTOSH MUKHERJEE ROAD, KOLKATA, West Bengal - 700020, INDIA |
- |
|
7 |
90251577 |
29/10/2013 * |
682,500,000.00 |
ANDHRA BANK |
Chowringhee Branch, 58, Chowringhee Road, Kolkata, West Bengal - 700071, INDIA |
B89314835 |
* Date of charge modification
FIXED ASSETS
- Leasehold
Land
- Land and
Building
- Plant and
Machinery
- Computer
- Electric
Installation
- Office
Equipments
- Furniture and
Fixture
- Air
Conditioner
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.32 |
|
UK Pound |
1 |
Rs. 98.99 |
|
Euro |
1 |
Rs. 72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.