MIRA INFORM REPORT
|
Report No. : |
324376 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KALYANI TECHNOFORGE LIMITED (w.e.f.14.01.2013) |
|
|
|
|
Formerly Known
As : |
KALYANI THERMAL SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
S. No. 72-76, Behind Siporex, Mundhwa, Pune – 411036, Maharashtra |
|
Tel. No.: |
91-20-66215000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.02.1979 |
|
|
|
|
Com. Reg. No.: |
11-020973 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 49.799 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29141MH1979PLC020973 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK0618A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Steel Forgings and General Engineering Services. |
|
|
|
|
No. of Employees
: |
500 (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 |
|
Maximum Credit Limit : |
USD 2063000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is part of USD 2.6 billion conglomerate KALYANI GROUP under
Bharat Forge as the flagship company. It is an established company having satisfactory track. There seems dip in the sales turnover and profit of the company during
2014. However, general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
usually correct. 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 |
ICRA |
|
Rating |
Fund based limits = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
September 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund based limits = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
September 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. Jayant Patil |
|
Designation : |
Head of department - Accounts |
|
Contact No.: |
91-20-66215000 |
LOCATIONS
|
Registered Office/ Factory 1 : |
S. No. 72-76, Behind Siporex, Mundhwa, Pune – 411036, Maharashtra,
India |
|
Tel. No.: |
91-20-66441000 |
|
Fax No.: |
91-20-66441009/ 1034 |
|
E-Mail : |
supriya.tilak@kalyaniglobal.com
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Plot No. E-84, MIDC Ranjangaon Ind., Village - Karegaon, Taluka - Shirur, District Pune, Maharashtra, India |
|
Tel. No. : |
91-2138-674000 |
|
Fax No. : |
91-2138-674001 |
|
|
|
|
Factory 3 : |
Plot No. 103, Sector 8, IMT, Manesar, MIDC, Gurgaon – 122001, Haryana, India |
|
Tel. No. : |
91-124-4679500 |
|
Fax No. : |
91-124-4679518 |
|
|
|
|
Factory 4 : |
Survey No. A-7, MIDC, Baramati, District Pune - 413102, Maharashtra, India |
|
Tel. No. : |
91- 2112-243854 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Shriniwas Balawant Kanade |
|
Designation : |
Director |
|
Address : |
20, Nityanand Hsg Society, Pune Satara Road, Dhankawadi, Pune, 411043,
Maharashtra, India |
|
Date of Birth/Age : |
04.03.1953 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
30.09.2011 |
|
DIN No. : |
00089063 |
|
|
|
|
Name : |
Charuchandra Ganesh Patankar |
|
Designation : |
Director |
|
Address : |
616, Sindh HSG. Society., Road 6, Aundh, Pune – 411007, Maharashtra,
India |
|
Date of Birth/Age : |
06.06.1956 |
|
Date of Appointment : |
07.12.1922 |
|
DIN No. : |
00136573 |
|
|
|
|
Name : |
Mr. Satish Sekhri |
|
Designation : |
Director |
|
Address : |
R-6 Sacred Heart Town, Wanowree, Pune – 411040, Maharashtra, India |
|
Date of Birth/Age : |
28.03.1950 |
|
Qualification : |
BE. MBA. BSC. |
|
Date of Appointment : |
30.09.2011 |
|
DIN No. : |
00211478 |
|
|
|
|
Name : |
Mr. Shivkumar Jayabasappa Tatti |
|
Designation : |
Director |
|
Address : |
G-11, Shirine Garden, Opposite I.T.I Aundh, Pune - 411007,
Maharashtra, India |
|
Date of Birth/Age : |
15.07.1949 |
|
Date of Appointment : |
10.03.2003 |
|
DIN No. : |
02421231 |
|
|
|
|
Name : |
Mr. Ravindra Bhaskarrao
Nagarkar |
|
Designation : |
Whole-time director |
|
Address : |
A-106, Anusha Residency,
Opposite Swamisamarth, Pune-411021, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1969 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No. : |
03483435 |
KEY EXECUTIVES
|
Name : |
Mr. Jayant Patil |
|
Designation : |
Head of department - Account |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Peach Blossom
Investment Private Limited, India |
947159 |
19.03 |
|
Hibiscus Investment
and Finance Limited, India |
931507 |
18.71 |
|
Yokoha Investment
Private Limited, India |
934206 |
18.77 |
|
Rosario Investment Private
Limited, India |
929586 |
18.67 |
|
S. B. Kalyani |
103200 |
2.07 |
|
A. B. Kalyani |
10200 |
0.20 |
|
B. N. Kalyani |
3200 |
0.06 |
|
Ashokkumar Kheny |
2000 |
0.04 |
|
Sadguru Investment
and Trading Company, India |
475000 |
9.54 |
|
Sundaram trading
and Investment Private Limited, India |
641666 |
12.89 |
|
|
|
|
|
Total |
4977724 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
97.63 |
|
Directors or relatives of Directors |
2.37 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steel Forgings and General Engineering Services. |
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Products : |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Japan |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 days) |
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Purchasing : |
Cash and Credit (30/60/90 days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
Bank of Baroda Corporate Financial Services
Branch, Mantri Court Ambedkar Road, Pune - 411002, Maharashtra, India ·
CITI Bank N A, 2413 Kumar Capital, East
Street, Pune - 411001, Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S. B. Sabne Chartered Accountants |
|
Address : |
1,
Vasant Apartments, 106 / 2, Erandawana, Off Prabhat Road, Opp. Dr. Kalmadi
Shamrao High School, Pune Maharashtra, India |
|
Tel. No.: |
91-20-25435388/ 25423302 |
|
E-Mail : |
|
|
PAN
No. : |
ADXPS4414L |
|
|
|
|
Subsidiaries : |
Kalyani Technotherm Limited CIN No.: U29199PN2010PLC137321 |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4982124 |
Equity Shares |
Rs.10/- each |
Rs.49.821 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4977724 |
Equity Shares |
Rs.10/- each |
Rs.49.777 Million |
|
|
Add: Forfeited
Shares |
|
Rs. 0.022 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 49.799
Million |
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 |
49.799 |
49.799 |
49.799 |
|
(b) Reserves & Surplus |
672.405 |
624.490 |
533.766 |
|
(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) |
722.204 |
674.289 |
583.565 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
510.782 |
553.272 |
205.982 |
|
(b) Deferred tax liabilities
(Net) |
87.138 |
98.620 |
101.025 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
45.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
597.920 |
651.892 |
352.007 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
653.586 |
705.267 |
957.026 |
|
(b) Trade payables |
505.219 |
320.568 |
378.927 |
|
(c) Other current liabilities |
288.955 |
308.719 |
275.306 |
|
(d) Short-term provisions |
29.184 |
18.829 |
14.915 |
|
Total
Current Liabilities (4) |
1476.944 |
1353.383 |
1626.174 |
|
|
|
|
|
|
TOTAL |
2797.068 |
2679.564 |
2561.746 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1387.415 |
1157.730 |
1273.138 |
|
(ii) Intangible Assets |
22.456 |
18.904 |
9.339 |
|
(iii) Capital work-in-progress |
64.441 |
200.318 |
0.032 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
34.845 |
5.982 |
129.727 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
57.766 |
64.441 |
141.834 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1566.923 |
1447.375 |
1554.070 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
384.497 |
401.617 |
458.800 |
|
(c) Trade receivables |
501.141 |
377.206 |
431.255 |
|
(d) Cash and cash equivalents |
240.568 |
325.722 |
5.323 |
|
(e) Short-term loans and
advances |
97.963 |
122.679 |
51.967 |
|
(f) Other current assets |
5.976 |
4.965 |
60.331 |
|
Total
Current Assets |
1230.145 |
1232.189 |
1007.676 |
|
|
|
|
|
|
TOTAL |
2797.068 |
2679.564 |
2561.746 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2756.448 |
2896.337 |
2664.028 |
|
|
|
Other Income |
42.150 |
19.530 |
28.707 |
|
|
|
TOTAL |
2798.598 |
2915.867 |
2692.735 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1360.777 |
1518.378 |
1416.398 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
18.729 |
27.651 |
46.347 |
|
|
|
Employees benefits expense |
292.997 |
259.891 |
241.328 |
|
|
|
Other expenses |
747.796 |
756.341 |
685.703 |
|
|
|
Extraordinary Item |
0.000 |
(44.149) |
9.443 |
|
|
|
TOTAL |
2562.787 |
2399.219 |
2562.030 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
378.299 |
397.755 |
293.516 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
147.688 |
112.283 |
160.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
230.611 |
285.472 |
133.076 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
172.687 |
161.058 |
122.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
57.924 |
124.414 |
10.999 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.010 |
33.690 |
(9.738) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
47.914 |
90.724 |
20.737 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
0 |
0 |
2.65 |
|
|
|
Diluted |
9.63 |
18.23 |
4.17 |
|
Expected Sales (2014-15) : Rs. 2900.000 Million
The above information has been parted by Mr. Jayant Patil (Head of
department – Accounts)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
160.308 |
217.785 |
196.202 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.74 |
3.13 |
0.78 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
13.72 |
13.73 |
11.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.15 |
5.03 |
0.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.18 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.83 |
2.19 |
2.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.91 |
0.62 |
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 |
49.799 |
49.799 |
49.799 |
|
Reserves & Surplus |
533.766 |
624.490 |
672.405 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
583.565 |
674.289 |
722.204 |
|
|
|
|
|
|
Long-term borrowings |
205.982 |
553.272 |
510.782 |
|
Short term borrowings |
957.026 |
705.267 |
653.586 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
196.202 |
217.785 |
160.308 |
|
Total
borrowings |
1359.210 |
1476.324 |
1324.676 |
|
Debt/Equity ratio |
2.329 |
2.189 |
1.834 |
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 |
2664.028 |
2896.337 |
2756.448 |
|
|
|
8.720 |
(4.830) |
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 |
2664.028 |
2896.337 |
2756.448 |
|
Profit |
20.737 |
90.724 |
47.914 |
|
|
0.78% |
3.13% |
1.74% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10560964 |
12/03/2015 |
374,270,400.00 |
ICICI BANK LIMITED |
1504B-1505, LEVEL -15, INTERNATIONAL
COMMERCE, 1, |
C49886682 |
|
2 |
10567677 |
18/02/2015 |
32,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY,, |
C52787231 |
|
3 |
10567671 |
18/02/2015 |
263,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING
SOCIETY,, |
C52781846 |
|
4 |
10553908 |
31/12/2014 |
3,349,000.00 |
UCO BANK |
CAMP BRANCH, PUNE, MAHARASHTRA - 411001,
INDIA |
C46049078 |
|
5 |
10484998 |
22/03/2014 |
1,481,000.00 |
STATE BANK OF INDIA |
SMECCC,HIRA BAUG CHOWK,MAHARASHTRA CULTURAL
CENTRE |
C00539395 |
|
6 |
10398862 |
08/09/2014 * |
330,000,000.00 |
ICICI BANK LIMITED ACTING THROUGH ITS
HONKONG BRAN |
HONG KONK BRANCH, UNIT 1504 B-1505
,LEVEL-15,, IN |
C22484356 |
|
7 |
10378683 |
06/09/2012 |
300,000,000.00 |
BANK OF MAHARASHTRA |
CORPORATE FINANCE BRANCH, 1183/A, F. C.
ROAD,, PU |
B58962895 |
|
8 |
10291920 |
03/06/2011 |
34,400,000.00 |
STATE BANK OF INDIA INDUSTRIAL FINANCE
BRANCH |
2ND FLOOR,TARA CHAMBERS,NEAR MARIAAI POLICE
CHOWKY |
B14899637 |
|
9 |
90092201 |
30/06/2003 |
33,245,000.00 |
BANK OF BARODA |
LAXMI ROAD BRANCH, 64 BUDHWAR PETH, PUNE,
MAHARAS |
- |
|
10 |
90091861 |
04/05/2002 |
9,700,000.00 |
BANK OF BARODA |
LAXMI ROAD BRANCH, 64 BUDHWAR PETH, PUNE,
MAHARAS |
- |
|
11 |
80010652 |
19/12/2014 * |
800,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, MANTRI
COURT |
C38105318 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
2.572 |
4.924 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
547.745 |
487.491 |
|
Other loans and advances |
0.000 |
183.688 |
|
|
|
|
|
Total |
550.317 |
676.103 |
CHANGE IN NAME: (As on 31.03.2013)
Since the Company is
engaged in the business of manufacturing auto components and forging activity, it
was decided to change the name of the Company to reflect the said business of
the Company. Accordingly, after seeking shareholder consent and necessary
statutory approvals, the name of the company has been changed from Kalyani
Thermal Systems Limited to KALYANI TECHNOFORGE LIMITED with effect from 14th
January, 2013.
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Leasehold improvements
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 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. 63.62 |
|
|
1 |
Rs. 98.51 |
|
Euro |
1 |
Rs. 69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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.