MIRA INFORM REPORT
|
Report No. : |
333375 |
|
Report Date : |
25.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
METAFLUX COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
162 V. I. P. Road, Kolakata – 700054, West Bengal |
|
Tel. No.: |
91-33-23556252 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.08.1989 |
|
|
|
|
Com. Reg. No.: |
21-047354 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117WB1989PTC047354 |
|
|
|
|
IEC No.: |
0297004905 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CACM01463A |
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|
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PAN No.: [Permanent Account No.] |
AACCM0623Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Tundish Boards, Hot Tops. Nozzle Filling Compounds for Ladle and Tundish, EBT Filling Mass, Insulating Ladle Cover, Tundish Cover, Ramming Mass, Refractory Packing Material, Sleeves, Refractory Paint and Coating, Casting Powders, all type of Refractory Castables, Sprayable Mass, Dry Vibro Mass etc. |
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|
|
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No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Metaflux Company Private Limited Incorporated in the year 1989, it is
established company having satisfactory track record. The rating reflects Metaflux Company Private Limited (MCPL) extensive
experience of its promoters in the steel industry and their established
relationship with customers. The ratings also factor in the company’s moderate financial risk
profile, marked by comfortable gearing and above-average debt protection
metrics, with decent net worth. These rating strengths are partially offset by company’s modest scale
of operations vulnerability to the cyclicality and intense competition in the
fragmented steel industry. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be usually correct. In view of decent experience of its promoters, the company can be
considered for business dealings at usual trade terms and condition. |
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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 |
CRISIL |
|
Rating |
Long term bank facilities = BB+ |
|
Rating Explanation |
Inadequate-credit-quality and high credit
risk |
|
Date |
28.05.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities =A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
28.05.2015 |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Ashish Protihar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-33-23556252 |
|
Date : |
24.07.2015 |
LOCATIONS
|
Registered Office : |
162, V. I. P. Road, Kolakata – 700054, West Bengal, India |
|
Tel. No.: |
91-33-23556252/ 6072/ 5799 |
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Fax No.: |
91-33-23557636 |
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E-Mail : |
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|
Website : |
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Factory 1: |
A/5/1, RIC Industrial Estate, Block-II, Kolkata – 700035, West Bengal, India |
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Tel. No.: |
91-33-25770511, 32976415 |
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Fax No.: |
91-33-23557636 |
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E-Mail : |
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Factory 2: |
B-22, MIDC Hingna Road, Nagpur – 440016, Maharashtra, India |
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Tel. No.: |
91-7104-236152, 237312 |
|
Fax No.: |
91-7104-232212 |
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E-Mail : |
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Factory 3: |
5/J, Heavy Industrial Area, Hatkhoj, District Durg, Bhilai - 490006, Chattisgarh, India |
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Tel. No.: |
91-788-2285258 (tele-fax) |
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E-Mail : |
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Factory 4: |
Karanga Para Road, Durgapur - 713 201, West Bengal India |
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Tel. No.: |
91-343-3202620 |
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E-Mail : |
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Factory 5: |
Plot No. 3250, Phase-III, G.I.D.C, Chhatral, District – Gandhinagar, Gujarat, India |
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Tel. No.: |
2714) 232059 |
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E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Tapan Kumar Saha |
|
Designation : |
Whole-Time Director |
|
Address : |
HB - 323, Sector - 3, Salt Lake, Kolkata - 700091, West Bengal, India |
|
Date of Birth/Age : |
08.11.1946 |
|
Date of Appointment : |
19.09.1989 |
|
DIN No.: |
00917716 |
|
|
|
|
Name : |
Mr. Tarundeb Bishnupada Mukherjee |
|
Designation : |
Whole-Time Director |
|
Address : |
303, Shivaranjani, 39, Congress Nagar, Nagpur - 440012, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1948 |
|
Date of Appointment : |
12.12.1998 |
|
DIN No.: |
00964377 |
|
|
|
|
Name : |
Mr. Arundeb Mukherji |
|
Designation : |
Managing director |
|
Address : |
BK 187, Sector-II, Saltlake, Kolkata - 700091, West Bengal, India |
|
Date of Birth/Age : |
02.10.1944 |
|
Date of Appointment : |
19.09.1989 |
|
DIN No.: |
01098535 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Shrivastava |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. 201, Abhijeet Mansion No. 8, Shastri Layout, Khamla, Nagpur - 440025, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1960 |
|
Date of Appointment : |
29.03.2000 |
|
DIN No.: |
02425541 |
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|
|
|
Name : |
Mr. Utpal Kumar Chaudhury |
|
Designation : |
Whole-Time Director |
|
Address : |
25, Gokul Govind Apartment, 304 Adhyapak Layout Ring Road, Nagpur - 440016, Maharashtra, India |
|
Date of Birth/Age : |
23.01.1956 |
|
Date of Appointment : |
12.12.1998 |
|
DIN No.: |
02554960 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Protihar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Arundeb Mukherji |
38738 |
|
Tapan Kumar Saha |
36947 |
|
Utpal Kumar Chaudhury |
11224 |
|
Tarundeb Bishnupada Mukherjee |
11225 |
|
Rajesh Kumar Shrivastava |
10310 |
|
Snigdha Mukherji |
550 |
|
Anirup Mukherji |
503 |
|
Avishek Saha |
503 |
|
Total |
110000 |
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Tundish Boards, Hot Tops. Nozzle Filling Compounds for Ladle and Tundish, EBT Filling Mass, Insulating Ladle Cover, Tundish Cover, Ramming Mass, Refractory Packing Material, Sleeves, Refractory Paint and Coating, Casting Powders, all type of Refractory Castables, Sprayable Mass, Dry Vibro Mass etc. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India, SME Branch, Salt Lake, Plot No. X-1/8/1, Block-Ep, sector-V, Salt Lake Electronics Complex, Kolkata - 700091, West Bengal, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Singh Ray Mishra and Company Chartered Accountants |
|
Address : |
2, Chowringhee Road, 3rd
Floor, Kolkata – 700013, West Bengal, India |
|
Tel. No.: |
91-2228-0568/ 69 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAIFS9174A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110,000 |
Equity Shares |
Rs. 100/- each |
Rs. 11.000
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11.000 |
10.000 |
9.000 |
|
(b) Reserves & Surplus |
80.767 |
70.549 |
59.188 |
|
(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) |
91.767 |
80.549 |
68.188 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.320 |
4.668 |
4.323 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.408 |
0.066 |
0.145 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
4.728 |
4.734 |
4.468 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
52.436 |
47.252 |
51.960 |
|
(b)
Trade payables |
69.216 |
59.567 |
45.451 |
|
(c)
Other current liabilities |
9.379 |
10.669 |
8.745 |
|
(d)
Short-term provisions |
16.199 |
11.140 |
19.097 |
|
Total
Current Liabilities (4) |
147.230 |
128.628 |
125.253 |
|
|
|
|
|
|
TOTAL |
243.725 |
213.911 |
197.909 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
20.739 |
22.157 |
24.923 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
14.311 |
9.946 |
0.079 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
13.973 |
13.413 |
12.390 |
|
(c) Deferred tax assets
(net) |
1.025 |
0.838 |
0.621 |
|
(d) Long-term Loan
and Advances |
1.043 |
0.899 |
1.429 |
|
(e)
Other Non-current assets |
0.689 |
0.640 |
0.513 |
|
Total
Non-Current Assets |
51.780 |
47.893 |
39.955 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
27.655 |
25.817 |
29.599 |
|
(c)
Trade receivables |
135.655 |
117.319 |
98.362 |
|
(d)
Cash and cash equivalents |
5.669 |
3.783 |
6.464 |
|
(e)
Short-term loans and advances |
4.446 |
6.456 |
4.503 |
|
(f)
Other current assets |
18.520 |
12.643 |
19.026 |
|
Total
Current Assets |
191.945 |
166.018 |
157.954 |
|
|
|
|
|
|
TOTAL |
243.725 |
213.911 |
197.909 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
465.190 |
438.490 |
434.846 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE, TAX, DEPRECIATION AND
AMORTISATION |
18.253 |
20.295 |
20.198 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.104 |
3.751 |
4.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.149 |
16.544 |
16.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.944 |
5.183 |
5.690 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.205 |
11.361 |
10.410 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
69.929 |
58.568 |
49.204 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.900 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.146 |
|
|
BALANCE CARRIED
TO THE B/S |
80.134 |
69.929 |
58.568 |
|
|
|
|
|
|
|
|
|
|
EARNING IN
FOREIGN CURRENCY |
96.365 |
63.166 |
73.346 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
92.77 |
125.77 |
115.67 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.19 |
2.59 |
2.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.07 |
8.72 |
8.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.21 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.62 |
0.64 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.29 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT
EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
9.000 |
10.000 |
11.000 |
|
Reserves & Surplus |
59.188 |
70.549 |
80.767 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
68.188 |
80.549 |
91.767 |
|
|
|
|
|
|
Long-term borrowings |
4.323 |
4.668 |
4.320 |
|
Short term borrowings |
51.960 |
47.252 |
52.436 |
|
Total
borrowings |
56.283 |
51.920 |
56.756 |
|
Debt/Equity
ratio |
0.825 |
0.645 |
0.618 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
434.846 |
438.490 |
465.190 |
|
|
|
0.838 |
6.089 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
434.846 |
438.490 |
465.190 |
|
Profit |
10.410 |
11.361 |
10.205 |
|
|
2.39% |
2.59% |
2.19% |
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10145261 |
01/01/2009 |
684,861.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, SALT LAKE, PLOT NO. X-1, 8/1, BLOCK- EP, SECTOR-V, SALT LAKE
ELECTRONICS COMPLEX, KOLKATA - 700091, WEST BENGAL, INDIA |
A56642044 |
|
2 |
10145262 |
01/01/2009 |
684,861.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, SALT LAKE, PLOT NO. X-1, 8/1, BLOCK- EP, SECTOR-V, SALT LAKE ELECTRONICS
COMPLEX, KOLKATA - 700091, WEST BENGAL, INDIA |
A56643877 |
|
3 |
80025000 |
19/01/2015
* |
99,900,000.00 |
STATE
BANK OF INDIA |
SME
BRANCH, SALT LAKE, PLOT NO. X-1/8/1, BLOCK-EP, SECTOR-V, SALT LAKE ELECTRONICS
COMPLEX, KOLKATA - 700091, WEST BENGAL, INDIA |
C43494087 |
|
4 |
80029974 |
28/03/2007
* |
39,482,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, SALT LAKE, PLOT NO.X-1, 8/1, B LOCK-EP, SECTOR V, SALT LAKE
ELECTRONICS COMPLEX, KOLKATA - 700091, WEST BENGAL, INDIA |
A15357825 |
|
5 |
80028834 |
19/01/2015
* |
99,900,000.00 |
STATE
BANK OF INDIA |
SME
BRANCH, SALT LAKE, PLOT NO. X-1/8/1, BLOCK-EP, SECTOR-V, SALT LAKE
ELECTRONICS COMPLEX, KOLKATA - 700091, WEST BENGAL, INDIA |
C43494384 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Building on Leasehold Land
· Plant and Machinery
· Tools and Implements
· Laboratory Equipment
· Electrical Equipment
· Office Equipment
· Computer
· Furniture and Fittings
· Fire Extinguisher
· Air Conditioner
· Generator
· Weighing Machine
· Motor Car
· Cycle
· Cell Phone
· Scooter
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.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ARC |
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.