MIRA INFORM REPORT
|
Report No. : |
344725 |
|
Report Date : |
13.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TAMRA DHATU UDYOG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, N.C. Dutta Sarani, Sagar Estate, 7th Floor, R.
No.709, Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-22315602/ 05 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.05.2006 |
|
|
|
|
Com. Reg. No.: |
21-109251 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 76.602 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209WB2006PTC109251 |
|
|
|
|
IEC No.: |
0208000020 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT4447K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Seller of Copper Wire, Strips, Conductors both bare and paper insulated, Wire
and Cables and Tinned Copper Wire and also Trader of Non Ferrous Metals. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 and it is a manufacturer,
exporter and distributor of ferrous and non-ferrous metals. For the financial year ended 2014, company possesses satisfactory
operational performance and it has reported 29.60% growth in its net profit
profile during the year under a review. Rating takes into consideration company’s established track record of
business operations marked by sound financial base along with moderate liquidity
position and above average debt protection indicators of the company. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 Rating=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
15.04.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
15.04.2014 |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Saurav Vishwas |
|
Designation : |
Accountant |
|
Contact No.: |
91-33-22315602 |
|
Date : |
13.10.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
2, N.C. Dutta Sarani, Sagar Estate, 7th Floor, R.
No.709, Kolkata – 700001, West Bengal,
India |
|
Tel. No.: |
91-33-22315602/ 05 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
SP2-873, RIICO Industrial Area, Village – Pathredi, Tehsil-Tijara,
Bhiwadi, Alwar-301019, Rajasthan, India |
|
|
|
|
Branch Offices : |
Located at: ·
Gurgaon
· Mumbai · Hyderabad · Ahmedabad ·
Bangalore |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ram Kumar Singhee |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
26, 2nd Floor, Main Building, Prasanna Kr. Tagore Street,
Kolkata-700006, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.01.1979 |
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Date of Appointment : |
10.05.2006 |
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PAN No.: |
AKOPS8515L |
||||||||||||||||||||||||||||||||||||||||
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Voter ID No.: |
DPD1866979 |
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DIN No.: |
01220733 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Damodar Das Singhee |
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|
Designation : |
Director |
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|
Address : |
26, P.K. Tagore Street, Kolkata-700006, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.09.1950 |
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Date of Appointment : |
01.04.2010 |
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PAN No.: |
AKVPS8355H |
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|
Voter ID No.: |
WB21142153212 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01070418 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahesh Kumar Singhee |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
26, 2nd Floor Main Building, Prasanna Kumar Tagore Street,
Kolkata-700006, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1978 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.05.2006 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AJUPS9198N |
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|
Voter ID No.: |
DPD1866987 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00755818 |
||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Saurav Vishwas |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramkumar Damodar Singhee |
|
645000 |
|
Maheshkumar Gordhan Singhee |
|
605000 |
|
Ramkumar Damodar Singhee |
|
400000 |
|
Maheshkumar Gordhan Singhee |
|
360000 |
|
Ujwal Singhee |
|
320000 |
|
DMP Projects Private Limited, India |
|
850166 |
|
Ratan Projects and Engineering Company Private Limited, India |
|
621000 |
|
Gagan Suppliers Private Limited, India |
|
1964633 |
|
Damodar Das Singhee |
|
404000 |
|
Gordhan Das Singhee |
|
410000 |
|
Damodar Das Singhee |
|
849978 |
|
Anuradha Mohta |
|
1 |
|
Priyanka Exim Private Limited, India |
|
6000 |
|
Vaishnodevi Stockist (Private) Limited, India |
|
4750 |
|
Divyprakash Suppliers (Private) Limited, India |
|
6000 |
|
Everbright Vinimay Private Limited, India |
|
1000 |
|
Premier Infraproperties (Private) Limited, India |
|
12000 |
|
Decent Stockist Private Limited, India |
|
7000 |
|
Ultraplus Reality Private Limited, India |
|
3500 |
|
Mangalmurti Nirman Private Limited, India |
|
9400 |
|
PMC Alloys Private Limited, India |
|
3000 |
|
Growfast Realtors Private Limited, India |
|
20000 |
|
Seavenseas Realtors (Private) Limited, India |
|
20000 |
|
Khusboo Complex, Private Limited, India |
|
25000 |
|
Nextgen Tradecom Private Limited, India |
|
14900 |
|
Rajlaxmi Dealcomn Private Limited, India |
|
9600 |
|
Murlidhar Infraprop (Private) Limited, India |
|
8000 |
|
Ramganga Sales Private Limited, India |
|
2000 |
|
Vayshna Distributors (Private) Limited, India |
|
20000 |
|
Lavallena Traders Private Limited, India |
|
30000 |
|
Dependable Tradecom (Private) Limited, India |
|
2500 |
|
Mangalmayee Hirise Private Limited, India |
|
25000 |
|
Success Infrastruct (Private) Limited, India |
|
800 |
|
Total |
|
7660228 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
48.00 |
|
Directors
or relatives of directors |
52.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Seller of Copper Wire, Strips, Conductors both bare and paper insulated, Wire
and Cables and Tinned Copper Wire and also Trader of Non Ferrous Metals. |
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|
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Products : |
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||||||
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|
||||||
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Brand Names : |
-- |
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|
||||||
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Agencies Held : |
-- |
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||||||
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Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Allahabad Bank Industrial Finance Branch, 17, R.N. Mukherjee Road, 4th Floor, Kolkata-700001, West Bengal, India · State Bank of India Overseas Bank, “Samriddhi Bhawan”, 1 Strand Road, Kolkata – 700001, West Bengal, India · Union Bank of India Ezra Street Branch, 55/28 Ezra Street, Kolkata-700001, West Bengal, India · Bank of Baroda India Exchange Branch, 4, India Exchange Palace, Kolkata-700001, West Bengal, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Karnani
and Associates Chartered Accountants |
|
Address : |
125,
N. S. Road, 3rd Floor, Room No. - 29, Kolkata - 700001. West Bengal,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AGFPK0201Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
·
DMP Projects Private Limited, India
(U27109WB2006PTC107513) ·
Ratan Projects and Engineering Company
Private Limited, India (U74210WB2008PTC121557) ·
Sumo Metallic Private Limited, India
(U27100WB2007PTC121033) ·
Gagan Suppliers Private Limited, India
(U51109WB1996PTC077367) ·
M.R. Industries ·
Tamra Limited · Zalco Metal DMCC |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their
relatives : |
·
Premier Engineering Work ·
R.M Enterprises |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,380,000 |
Equity Shares |
Rs. 10/- each |
Rs. 83.800 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,660,228 |
Equity Shares |
Rs. 10/- each |
Rs. 76.602
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 |
76.602 |
76.602 |
76.602 |
|
(b) Reserves & Surplus |
745.994 |
679.880 |
628.802 |
|
(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) |
822.596 |
756.482 |
705.404 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
327.386 |
399.448 |
243.333 |
|
(b) Deferred tax liabilities (Net) |
32.366 |
32.808 |
19.146 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.716 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
360.468 |
432.256 |
262.479 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1122.091 |
1094.505 |
745.787 |
|
(b)
Trade payables |
450.969 |
439.638 |
393.189 |
|
(c)
Other current liabilities |
75.406 |
87.490 |
39.909 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
1648.466 |
1621.633 |
1178.885 |
|
|
|
|
|
|
TOTAL |
2831.530 |
2810.371 |
2146.768 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
482.769 |
465.393 |
429.267 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
47.732 |
17.730 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
50.133 |
50.133 |
44.608 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
6.170 |
6.331 |
6.381 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
539.072 |
569.589 |
497.986 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
332.918 |
267.750 |
381.556 |
|
(c)
Trade receivables |
1356.995 |
1280.312 |
783.014 |
|
(d)
Cash and cash equivalents |
257.338 |
244.045 |
273.974 |
|
(e)
Short-term loans and advances |
345.207 |
448.675 |
210.238 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2292.458 |
2240.782 |
1648.782 |
|
|
|
|
|
|
TOTAL |
2831.530 |
2810.371 |
2146.768 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
8672.800 |
7211.400 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
231.919 |
193.845 |
117.009 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
82.191 |
72.045 |
40.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
149.728 |
121.800 |
76.706 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
51.861 |
46.184 |
4.594 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
97.867 |
75.616 |
72.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
31.753 |
24.537 |
23.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
66.114 |
51.079 |
48.712 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
158.385 |
107.306 |
58.594 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
224.499 |
158.385 |
107.306 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Finished
Goods |
142.109 |
126.446 |
0.000 |
|
|
TOTAL EARNINGS |
142.109 |
126.446 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3275.189 |
1668.560 |
1372.139 |
|
|
|
Capital Goods |
0.000 |
11.036 |
17.645 |
|
|
TOTAL IMPORTS |
3275.189 |
1679.596 |
1389.784 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.63 |
6.67 |
6.30 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
44.200 |
38.200 |
6.150 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
155.835 |
(387.862) |
(163.205) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
0.59 |
0.68 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
2.24 |
1.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.52 |
2.79 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.10 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.82 |
2.03 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.38 |
1.40 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
76.602 |
76.602 |
76.602 |
|
Reserves & Surplus |
628.802 |
679.880 |
745.994 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
705.404 |
756.482 |
822.596 |
|
|
|
|
|
|
Long-term borrowings |
243.333 |
399.448 |
327.386 |
|
Short term borrowings |
745.787 |
1094.505 |
1122.091 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
6.150 |
38.200 |
44.200 |
|
Total
borrowings |
995.270 |
1532.153 |
1493.677 |
|
Debt/Equity
ratio |
1.411 |
2.025 |
1.816 |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
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 two 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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
High Court of Calcutta – Original Side Case Status Information System |
|
Case Status : Pending Status Of: COMPANY
PETITIONS (CP) 398 Of 2015 Litigants: RE: EMT MEGATHERM PRIVATE LIMITED – AND –
Vs. TAMRA DHATU UDYOG PVT. LTD. Pet’s Adv : USHA DOSHI Res’v Adv : Date of Hearing
:
Tuesday, June 30, 2015 Next/ Final Date
of Hearing : Monday, August 03, 2015 Case Updated On
:
Friday, July 31, 2015 Category : ---- |
|
Connected
Application (s) |
|
No Connected
Application |
|
Connected Matter
(s) |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10355185 |
21/03/2012 |
73,800,000.00 |
CORPORATION BANK |
CANNING STREET BRANCH, 86, CANNING STREET, KOLKATA- 700001, WEST BENGAL, INDIA |
B39460977 |
|
2 |
10288302 |
13/03/2015 * |
1,653,600,000.00 |
BANK OF BARODA |
INDIA EXCHANGE BRANCH, 4, INDIA EXCHANGE PLACE, KOLKATA- 700001, WEST BENGAL, INDIA |
C46454443 |
|
3 |
10264186 |
24/01/2014 * |
1,350,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH,
17, R. N. MUKHERJEE RO |
B96803259 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
45.642 |
90.231 |
|
|
|
|
|
Total |
45.642 |
90.231 |
CORPORATE INFORMATION
Subject is a private
limited company domiciled in India and incorporated on 10th May, 2006 under the
provisions of Companies Act, 1956. The company is engaged in the Trading of Non
Ferrous Metals, Manufacturing and selling of Copper Wire, Strips, Conductors
both bare and paper insulated, Wire and Cables and Tinned Copper Wire. The
manufacturing unit is located in Pathredi, Rajasthan, India and the company is
selling its products across all over India. Company is also engaged in
generation of wind energy at Tirupur district through 2.1 MW of wind turbine.
The electricity generated is sold to Tamil Nadu Electricity Board.
FINANCE
During the year, the
liquidity position of the company was satisfactory. In-spite of spurt of
borrowing cost in the year, the company comfortably met its borrowings need for
working capital requirement through its bankers and own funds.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 26 Prasanna
Kumar Tagore ST, Kolkata-700006, West Bengal, India to the present address
w.e.f 24.06.2009
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Other Equipments
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. 64.73 |
|
|
1 |
Rs. 99.30 |
|
Euro |
1 |
Rs. 73.60 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
43 |
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.