MIRA INFORM REPORT
|
Report No. : |
341624 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KALYANI CARPENTER SPECIAL STEELS PRIVATE LIMITED (w.e.f. 31.03.2015) |
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Formerly Known
As : |
KALYANI CARPENTER SPECIAL STEELS LIMITED |
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Registered Office
: |
72-76, Mundhwa, Pune – 411036, Maharashtra |
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Tel. No.: |
91-20-66215000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.07.1998 |
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Com. Reg. No.: |
11-012724 |
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Capital
Investment / Paid-up Capital : |
Rs. 300.420
Million |
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CIN No.: [Company Identification
No.] |
U27105PN1998PTC012724 |
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IEC No.: |
3199000177 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCK1779L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Specialty and Alloy
Steel. |
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No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5600000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated in the year
1998 having good track. It is engaged in the business as manufacturer, exporter and importer
of specialty and alloy steel. Profit of the company has continuously declined. However, networth
position of the company is decent. Overall financial position of the company
is sound. Trade relations reported as fair. Business is active. Payment are
reported as regular and as per commitment. In view of long track record and sound financial base, the company can
be considered good for normal business dealing at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Long Term = A+ |
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Rating Explanation |
Adequate degree of safety and carry low credit risk. |
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Date |
September 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Non fund based limit = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Rajesh |
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Designation : |
Accounts Manager |
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Contact No.: |
91-20-66215000 |
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Date : |
16.09.2015 |
LOCATIONS
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Registered/ Sales and Marketing 1. /Head Office
/ Factory 1 / Human Resource (HR) : |
72-76, Mundhwa, Pune – 411036, Maharashtra, India |
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Tel. No.: |
91-20-66215141/ 66215000 |
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Fax No.: |
91-20-26824483/ 26824498/26819943 |
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E-Mail : |
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Website : |
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Sales and Marketing Office 2 : |
Plot No. 8-D, Door No. 5, 1st Floor, Balamurugan Nagar,
Chitrai Veedhi, Alappakkam, Porur, Chennai – 600115, Tamilnadu, India |
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Tel. No.: |
91-44-24760493 |
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Fax No.: |
91-44-24760493 |
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E-Mail : |
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Sales and Marketing Office 3 : |
Antriksh Bhavan, 14th Floor, 22, K.G. Marg, New Delhi –
110001, India |
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Tel. No.: |
91-11-23730812 |
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Fax No.: |
91-11-23357083 |
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E-Mail : |
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Sales and Marketing Office 4 : |
Plot No.30, Flat No.F-3, Savithri Flats, Mangala Nagar, Astha Lakshmi Nagar, 2nd Main Road, Alappakkam, Porur, Chennai – 600116, Tamilnadu, India |
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Tel. No.: |
91-44-24760493 |
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Fax No.: |
91-44-24760493 |
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E-Mail : |
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Factory 2: |
Plot No. 135, Ranjangaon, Taluka Shirur, Pune – 412220, Maharashtra, India |
DIRECTORS
AS ON: 19.09.2014
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Name : |
Mr. Babasaheb Neelkanth Kalyani |
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Designation : |
Whole-time director |
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Address : |
Amit, 221/A, Kalyaninagar, Yerawada, Pune – 411006, Maharashtra |
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Date of Birth/Age : |
07.01.1949 |
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Date of Appointment : |
26.08.2014 |
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PAN No.: |
ABIPK5782A |
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DIN No.: |
00089380 |
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Name : |
Mr. Sunil Yograj Widge |
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Designation : |
Director |
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Address : |
97, Fredericks Ville Road, Mertztown U.S. 19539 |
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Date of Birth/Age : |
18.09.1949 |
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Date of Appointment : |
20.09.2008 |
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DIN No.: |
01056289 |
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Other
Directorship:
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Name : |
Mr. Ravindra Kumar Goyal |
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Designation : |
Director |
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Address : |
B4/140, First Floor, Safdarjung Enclave, New Delhi, 110029, India |
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Date of Birth/Age : |
18.05.1958 |
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Date of Appointment : |
22.09.2011 |
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DIN No.: |
03050193 |
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Other
Directorship:
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Name : |
Mr. Michael Hajost |
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Designation : |
Director |
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Address : |
1940, Meadow lane, Wyomissing, PA U.S. 19610 |
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Date of Birth/Age : |
28.08.1963 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
05327255 |
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Other
Directorship:
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Name : |
Mr. Amit Kalyani |
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Designation : |
Additional director |
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Address : |
Amit, 221/A, Kalyaninagar, Yerawada, Pune – 411006, Maharashtra |
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Date of Birth/Age : |
26.07.1975 |
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Date of Appointment : |
19.08.2013 |
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DIN No.: |
00089430 |
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KEY EXECUTIVES
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Name : |
Mr. Sanjeev Shamrao Jagtap |
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Designation : |
Secretary |
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Address : |
Tower No 7, Apartment No.1603, Amanora Park Town, Hadapsar, Pune – 411028, Maharashtra, India |
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Date of Birth/Age : |
13.07.1960 |
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Date of Appointment : |
26.06.2013 |
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PAN No.: |
AAUPJ1259N |
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Name : |
Mr. Kiran Joshi |
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Designation : |
Finance Manager |
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Name : |
Mr. V. Balasubramanian |
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Designation : |
Chief Executive Officer |
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Name : |
Mr. S.S. Jagtap |
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Designation : |
Chief Financial Officer |
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Name : |
Dr. G. Balachandran |
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Designation : |
Chief Technology Officer |
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Name : |
Mr. S.J. Tatti |
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Designation : |
Sr. Vice President - Projects |
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Name : |
Mr. Nitin Bhat |
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Designation : |
Sr. Vice President - Materials |
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Name : |
Mr. Rajesh Modi |
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Designation : |
Sr. Vice President – Sales & Marketing |
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Name : |
Mr. S.R. Shelke |
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Designation : |
Sr. Vice President - Engineering |
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Name : |
Mr. R. Murali |
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Designation : |
Sr. Vice President - Costing , Systems, MIS& PPC |
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Name : |
Mr. V. V. Panchwagh |
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Designation : |
Vice President - Steel Melting Shop |
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Name : |
Mr Nikhil Pachauri |
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Designation : |
Vice President - Rolling Mill Shop & Finishing |
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Name : |
Mr. A. R. Tapde |
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Designation : |
Vice President - Human Resources |
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Name : |
Mr. A. Y. Jadhav |
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Designation : |
Management Representative |
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Name : |
Mr. Rajesh |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON: 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Carpenter Technology Mauritius Limited, Mauritius |
|
7810910 |
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KSL Holdings Private Limited, India |
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22230548 |
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BF Investment Limited, India |
|
500 |
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C.G. Patankar [Nominee of KSL Holdings Private Limited, India] |
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1 |
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B.B. Hattarki [Nominee of KSL Holdings Private Limited, India] |
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1 |
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D.R. Puranik [Nominee of KSL Holdings Private Limited, India] |
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1 |
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Anand Shirsat [Nominee of KSL Holdings Private Limited, India] |
|
1 |
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Total |
|
30041962 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 19.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
26.00 |
|
Bodies corporate |
74.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Specialty and Alloy
Steel. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Dubai |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End users
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No. of Employees : |
800 (Approximately) |
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Bankers : |
· Bank of Maharashtra, "Yashomangal" 1183/A, 1183/A, F.C. Road, Pune - 411005, Maharashtra, India · Canara Bank, Prime Corporate Branch, M.G. Road, Red Cross Building, Camp, Pune - 411001, Maharashtra, India
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
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Name : |
P.G. Bhagwat Chartered Accountant |
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Address : |
Suite No 101-102, Orchard, Dr. Pai Marg, Baner, Pune –
411045, Maharashtra, India |
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PAN
: |
AAAFB0762E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
KSL Holdings Private Limited [U65993PN2001PTC015938] |
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Ultimate Holding company : |
Carpenter Technology Mauritius Limited |
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Controlling Company
and Company under Common Control : |
· Carpenter Technology Mauritius Limited · Bharat Forge Limited · Kalyani Steels Limited · BF Investment Limited · Shalmet Corporation · Carpenter Technology Corporation · Talley Metals Technology Inc · Talley Industries Inc · Carpenter Technology Asia Pacific Pte. Limited · CSR Holdings Inc · Carpenter Technology ( Europe ) S.A ·
Aceroc Fortuna |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs. 10/- each |
Rs. 350.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30041962 |
Equity Shares |
Rs. 10/- each |
Rs. 300.420
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 |
300.420 |
300.420 |
300.420 |
|
(b) Reserves & Surplus |
1663.804 |
1577.408 |
1467.825 |
|
(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) |
1964.224 |
1877.828 |
1768.245 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
577.252 |
504.461 |
163.633 |
|
(b) Deferred tax liabilities (Net) |
238.540 |
323.282 |
244.943 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
41.113 |
22.534 |
34.960 |
|
Total
Non-current Liabilities (3) |
856.905 |
850.277 |
443.536 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
824.375 |
1132.901 |
859.364 |
|
(b)
Trade payables |
1450.286 |
1405.330 |
1848.360 |
|
(c)
Other current liabilities |
416.315 |
489.436 |
686.882 |
|
(d)
Short-term provisions |
284.627 |
131.602 |
168.405 |
|
Total
Current Liabilities (4) |
2975.603 |
3159.269 |
3563.011 |
|
|
|
|
|
|
TOTAL |
5796.732 |
5887.374 |
5774.792 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2307.468 |
2233.201 |
2061.931 |
|
(ii)
Intangible Assets |
29.344 |
46.059 |
22.688 |
|
(iii)
Capital work-in-progress |
109.874 |
111.331 |
155.814 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
73.922 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
17.948 |
48.212 |
25.058 |
|
(e)
Other Non-current assets |
3.268 |
3.199 |
21.274 |
|
Total
Non-Current Assets |
2467.902 |
2442.002 |
2360.687 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
200.013 |
73.922 |
0.000 |
|
(b)
Inventories |
1005.380 |
1263.883 |
836.577 |
|
(c)
Trade receivables |
1837.005 |
1682.198 |
2194.848 |
|
(d)
Cash and cash equivalents |
128.597 |
67.654 |
88.516 |
|
(e)
Short-term loans and advances |
157.473 |
333.718 |
264.864 |
|
(f)
Other current assets |
0.362 |
23.997 |
29.300 |
|
Total
Current Assets |
3328.830 |
3445.372 |
3414.105 |
|
|
|
|
|
|
TOTAL |
5796.732 |
5887.374 |
5774.792 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
11918.432 |
11253.245 |
12520.289 |
|
|
|
Other Income |
11.055 |
15.281 |
29.834 |
|
|
|
TOTAL |
11929.487 |
11268.526 |
12550.123 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6947.816 |
6926.676 |
7641.901 |
|
|
|
Purchases of stock-in-trade |
30.753 |
68.616 |
216.578 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
228.627 |
(265.939) |
(142.431) |
|
|
|
Employee benefit expense |
459.614 |
521.904 |
507.791 |
|
|
|
Other expenses |
3581.433 |
3301.133 |
3350.502 |
|
|
|
TOTAL |
11248.243 |
10552.390 |
11574.341 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
681.244 |
716.136 |
975.782 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
246.978 |
240.880 |
231.217 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
434.266 |
475.256 |
744.565 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
238.020 |
230.832 |
192.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
196.246 |
244.424 |
552.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
74.702 |
82.119 |
189.283 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
121.544 |
162.305 |
362.829 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
32.310 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
1211.836 |
|
|
|
Capital Goods |
|
|
51.208 |
|
|
TOTAL IMPORTS |
NA |
NA
|
1263.044 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.05 |
5.40 |
12.08 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
13000.000 |
The above information has been parted by Mr. Rajesh (Accounts Manager).
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.02 |
1.44 |
2.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.72 |
6.36 |
7.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.45 |
4.23 |
9.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.13 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.71 |
0.87 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.09 |
0.96 |
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 |
300.420 |
300.420 |
300.420 |
|
Reserves & Surplus |
1467.825 |
1577.408 |
1663.804 |
|
Net worth |
1768.245 |
1877.828 |
1964.224 |
|
|
|
|
|
|
long-term borrowings |
163.633 |
504.460 |
577.252 |
|
Short term borrowings |
859.364 |
1132.901 |
824.375 |
|
Total borrowings |
1022.997 |
1637.361 |
1401.627 |
|
Debt/Equity ratio |
0.579 |
0.872 |
0.714 |
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 |
12520.289 |
11253.245 |
11918.432 |
|
|
|
(10.120) |
5.911 |
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 |
12520.289 |
11253.245 |
11918.432 |
|
Profit |
362.829 |
162.305 |
121.544 |
|
|
2.90% |
1.44% |
1.02% |
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 |
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 |
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 four 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 |
THE YEAR
India’s steel consumption grew just by 0.6% during the year 2013-2014,
impacted by the slowdown in domestic economy. During the financial year 2013-14
sales tonnage at 184498 MT was higher by 6.55% over previous year. Turnover of
the company in value terms increased to Rs. 11919.000 Million from Rs. 11268
Million achieving thereby 5.77% growth over previous year despite of lower
consumption growth in domestic market
UNSECURED LOANS
|
Particular |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Foreign
Currency term loan from Banks |
68.494 |
0.000 |
|
Deferred payment Indian sources |
4.290 |
5.039 |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
188.968 |
605.925 |
|
Intercorporate deposits |
0.000 |
74.000 |
|
Other loans and advances |
346.754 |
0.000 |
|
Total |
608.506 |
684.964 |
INDEX OF CHARGES:
|
S.
No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10573913 |
11/05/2015 |
320,000,000.00 |
The Hong Kong and Shanghai Banking Corporation Limited |
Amar Avinash Corporate City, Shop No. 6-7-8, Survey No.11, Bund Garden Road, Pune - 411011, Maharashtra, INDIA |
C55934921 |
|
2 |
10493330 |
21/03/2014 |
500,000,000.00 |
State Bank of India |
Industrial Finance
Branch, Tara Chambers, Mumbai |
C04245916 |
|
3 |
10391898 |
29/10/2012 |
625,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, MANTRI COURT, 39 AMBEDKAR ROAD, Pune - 411001, Maharashtra, INDIA |
B64106263 |
|
4 |
90085908 |
18/11/2014 * |
3,350,000,000.00 |
BANK OF BARODA-LEAD BAN |
CORPORATE FINANCIAL SERVICES BRANCH, MANTRI COURT, 39 AMBEDKAR ROAD, PUNE - 411001, Maharashtra, INDIA |
C36376358 |
FIXED ASSETS:
· Land
· Buildings
· Office building
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· 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. 66.50 |
|
UK Pound |
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 75.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.