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|
MIRA INFORM REPORT
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Report No. : |
485825 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KOTHARI METALS LIMITED (w.e.f 31.03.1996) |
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Formally known
as : |
KOTHARI METALS PRIVATE LIMITED |
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Registered
Office : |
Kothari Mansion, Ground Floor, 20/1, Belvedere Road, Kolkata – 700027,
West Bengal |
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Tel. No.: |
91-33-24566921 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
06.06.1977 |
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Com. Reg. No.: |
21-031033 |
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Capital
Investment / Paid-up Capital : |
INR 27.597 Million |
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CIN No.: [Company Identification
No.] |
U28113WB1977PLC031033 |
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IEC No.: |
0288015916 |
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GSTIN : |
27AABCK0820C1Z7 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCK0820C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Kothari Metals Limited was incorporated in the year 1977. For the financial year 2017, the company has achieved 7.91% growth in its revenue as compared to previous year revenue along with average profit margin of 1.91%. The sound financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to low debt balance sheet profile. The company has decent earning per share (EPS) of INR 115.63 against the face value (FV) of INR 10. The rating takes into consideration the subject’s along track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap between gap between trade payables and trade receivables. Business is active. Payments are reported to be regular. In view of aforesaid, the company can be considered 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Cash Credit – BBB |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
20.02.2017 |
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Rating Agency Name |
ICRA |
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Rating |
Bank Gurantee – A2 |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
20.02.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 12.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
LOCATIONS
|
Registered Office : |
Kothari Mansion, Ground Floor, 20/1, Belvedere Road, Kolkata – 700027,
West Bengal, India |
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Tel. No.: |
91-33-40220700 (30 lines) |
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Fax No.: |
91-33-24566921/ 22 |
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E-Mail : |
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Website : |
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Warehouse : |
9, Transport Depot Road, Kolkata – 700088, West Bengal, India |
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Branch Office 1 : |
L-26 and 27, MIDC Industrial Area, Taloja District- 410208, Raigad,
Maharashtra, India |
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Tel. No.: |
91-22-27401452/53/54 |
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Fax No.: |
91-22-27401455 |
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E-Mail : |
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Branch Office 2 : |
Plot No. 96, Sector - 3 IMT Manesar, Gurugram-122050,
Haryana, India |
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Tel. No.: |
91-124-4010524/4222234 |
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Branch Office 3: |
Shed No. S-8A, Talco Industrial Estate, Madhavaram, Chennai – 600060,
Tamilnadu, India |
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Tel. No.: |
91-44-25590200/3153 |
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Fax No.: |
91-44-25590201 |
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E-Mail : |
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Branch Office 4: |
No. B-315, 9th Cross, 1st Stage, Peenya Industrial Estate, Bangalore-560058, Karnataka, India |
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Tel. No.: |
91-80-32503777 |
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Fax No.: |
91-80-28390883 |
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E-Mail : |
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Branch Office 5 : |
Plot No. 181, Sub Plot No. 20 and 21, Near Bhamaria Kunwa Narol Aslali Highway, NIDC, Narol, Ahmedabad -382405, Gujarat, India |
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Tel. No.: |
91-79-32408211 |
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Fax No.: |
91-79-25734378 |
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E-Mail : |
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Branch Office 6 : |
G. T. Road, Focal Point, Near Dhandhari, Kalan, Ludhiana-141010, Punjab,
India |
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Tel. No.: |
91-161-2510240 / 3265196 |
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Fax No.: |
91-161-2510241 |
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E-Mail : |
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Branch Office 7 : |
Plot No. 181, Sub Plot No. 20 and 21, Near Bhamaria Kunwa, Narol
Aslali Highwa, NIDC, Narol, Ahmedabad -382405,Gujarat, India |
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Tel. No.: |
91-79-32408211 |
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Fax No.: |
91-79-25734378 |
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E-Mail : |
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Branch Office 8 : |
149, Shopping Complex, Behind Rahat Hospital, Bhiwadi, Alwar-301019, Rajasthan, India |
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Tel. No.: |
91-124-3296660 |
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Fax No.: |
91-124-4010525 |
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E-Mail : |
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Branch Office 9: |
Shop No.4, Krishna Shopping Mall, Jagatpur Road, Chaitanya Nagar, Pune- 469001, Maharashtra, India |
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E-Mail : |
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Branch Office 10 : |
Marwaripara Road, Chowk Bazar, Jugsalai, Jamshedpur – 831006, Jharkhand, India |
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E-Mail : |
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Branch Office 11 : |
F-3A / Super Complex, Delhi Road, Haridwar – 249407, Uttarakhand, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ranjit Singh Kothari |
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Designation : |
Director |
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Address : |
Flat No. 6B4, Satyam Tower 3, Alipore Road, Kolkata – 700027, West Bengal, India |
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Date of Birth/Age : |
07.10.1950 |
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Qualification : |
B.Com(H) |
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Date of Appointment : |
06.06.1977 |
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PAN No.: |
AFVPK4521L |
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DIN No.: |
00217182 |
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Other Directorship:
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Name : |
Mr. Vikash Kothari |
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Designation : |
Director |
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Address : |
Flat No. 6B4, Satyam Tower 3, Alipore Road, Kolkata – 700027, West Bengal, India |
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Date of Birth/Age : |
11.12.1973 |
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Qualification : |
B.Com(H) |
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Date of Appointment : |
28.09.1994 |
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PAN No.: |
ALEPK9600P |
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DIN No.: |
00217327 |
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Other Directorship:
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Name : |
Mrs. Shalini Kothari |
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Designation : |
Director |
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Address : |
Flat No. 6B4, Satyam Tower 3, Alipore Road, Kolkata – 700027, West Bengal, India |
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Date of Birth/Age : |
27.08.1975 |
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Qualification : |
B.Com(H) |
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Date of Appointment : |
14.03.2006 |
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PAN No.: |
AFVPK6059G |
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DIN No.: |
00217697 |
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Name : |
Mr. Subhash Chand Sethi |
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Designation : |
Director |
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Address : |
24, Netaji Subhas Road, Liluah Flat 20, 4th Floor, Howrah
– 711204, West Bengal, India |
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Date of Appointment : |
31.03.2015 |
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DIN No.: |
00628010 |
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Other Directorship:
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Name : |
Mr. Samit Baid Kumar |
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Designation : |
Director |
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Address : |
13, Netaji Subhas Road, Haora (M. Corp), Howrah – 711101,
West Bengal, India |
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Date of Appointment : |
29.01.2016 |
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DIN No.: |
07389604 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ranjit Singh Kothari |
|
958896 |
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Sayar Devi Kothari |
|
85010 |
|
Kothari Metal Resources Private Limited, India |
|
162866 |
|
Vikash Kothari |
|
276097 |
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Calcutta Multimax Private Limited, India |
|
274742 |
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Hansraj Kothari, Shalini Kothari and Pragati Surana |
|
3500 |
|
Vikash Kothari and Sayar Devi Kothari |
|
4010 |
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Ranjit Singh Kothari (HUF) |
|
176566 |
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Vikash Kothari (HUF) |
|
39500 |
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Pragati Surana |
|
54000 |
|
Kothari Magnesium Industries Private Limited, India |
|
340800 |
|
Kothari Commercial Corporation, India |
|
98676 |
|
Unnati Kothari |
|
40000 |
|
Shalini Kothari and Sayar Devi Kothari |
|
5000 |
|
Shalini Kothari |
|
240000 |
|
Total |
|
2759663 |
AS ON 26.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
68.22 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
3.58 |
|
Public/Other than promoters - Bodies corporate |
28.20 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S.M. Daga and Company Chartered Accountants |
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Address : |
11, Clive Row, 2nd Floor, Kolkata – 700001, West Bengal, India |
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PAN No.: |
AATFS3134N |
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Secretarial
Auditors : |
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|
Name : |
P. Dalmia and Associates |
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Address : |
7A, Hospital Street, 2nd Floor , Kolkata-700072, West Bengal, India |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Companies
: |
CIN No.: U27109WB1986PTC041029
CIN No.: U70101WB1989PTC046918 |
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Subsidiary Company : |
Kothari International Limited |
CAPITAL STRUCTURE
AS ON 26.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5600000 |
Equity Shares |
INR 10/- each |
INR 56.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2759663 |
Equity Shares |
INR 10/- each |
INR 27.597 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
27.597 |
27.597 |
27.597 |
|
(b) Reserves & Surplus |
1132.059 |
987.068 |
906.444 |
|
(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) |
1159.656 |
1014.665 |
934.041 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
11.869 |
11.327 |
10.547 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
11.869 |
11.327 |
10.547 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
67.455 |
0.000 |
0.000 |
|
(b) Trade payables |
996.581 |
1162.140 |
1308.467 |
|
(c) Other current liabilities |
34.024 |
21.734 |
23.570 |
|
(d) Short-term provisions |
126.900 |
87.467 |
79.837 |
|
Total
Current Liabilities (4) |
1224.960 |
1271.341 |
1411.874 |
|
|
|
|
|
|
TOTAL |
2396.485 |
2297.333 |
2356.462 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
147.511 |
153.058 |
153.634 |
|
(ii) Intangible Assets |
0.029 |
0.638 |
1.247 |
|
(iii) Capital work-in-progress |
2.592 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.475 |
21.689 |
15.824 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.935 |
3.201 |
4.461 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
161.542 |
178.586 |
175.166 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.462 |
40.151 |
0.000 |
|
(b) Inventories |
262.142 |
450.328 |
511.295 |
|
(c) Trade receivables |
1252.896 |
915.032 |
1068.572 |
|
(d) Cash and cash equivalents |
251.502 |
431.214 |
447.471 |
|
(e) Short-term loans and
advances |
300.475 |
140.453 |
23.398 |
|
(f) Other current assets |
163.466 |
141.569 |
130.560 |
|
Total
Current Assets |
2234.943 |
2118.747 |
2181.296 |
|
|
|
|
|
|
TOTAL |
2396.485 |
2297.333 |
2356.462 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
7632.031 |
7072.128 |
8654.668 |
|
|
Other Income |
75.502 |
58.177 |
40.041 |
|
|
TOTAL
|
7707.533 |
7130.305 |
8694.709 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
7126.443 |
6812.366 |
8513.523 |
|
|
Changes in inventories of finished goods,
work-in-progress and Stock-in-Trade |
188.186 |
60.967 |
(86.326) |
|
|
Employees benefits expense |
33.102 |
26.956 |
20.056 |
|
|
CSR expenditure |
2.500 |
2.700 |
2.325 |
|
|
Other expenses |
122.010 |
94.102 |
112.986 |
|
|
TOTAL |
7472.241 |
6997.091 |
8562.564 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
235.292 |
133.214 |
132.145 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.142 |
0.037 |
0.149 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
235.150 |
133.177 |
131.996 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.104 |
7.771 |
7.292 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
228.046 |
125.406 |
124.704 |
|
|
|
|
|
|
|
Less |
TAX |
82.916 |
44.643 |
44.236 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
145.130 |
80.763 |
80.468 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
695.892 |
615.229 |
536.014 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.100 |
0.100 |
0.100 |
|
|
Other deductions to reserves |
0.138 |
0.000 |
1.153 |
|
|
Total
|
0.238 |
0.100 |
1.253 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
840.784 |
695.892 |
615.229 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Earning on Other Income |
6.644 |
4.324 |
3.927 |
|
|
TOTAL
EARNINGS |
6.644 |
4.324 |
3.927 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5736.561 |
5364.511 |
6777.499 |
|
|
Capital Goods |
0.000 |
0.000 |
0.778 |
|
|
TOTAL
IMPORTS |
5736.561 |
5364.511 |
6778.277 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
52.59 |
29.27 |
29.16 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flow from (used in) operations |
(186.304) |
204.303 |
222.459 |
|
Net cash flow from operating activities |
(314.413) |
117.329 |
152.374 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
59.92 |
47.23 |
45.07 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
6.09 |
7.73 |
8.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
51.04 |
62.27 |
56.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.90 |
0.30 |
0.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.57 |
0.87 |
0.85 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.51 |
0.55 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.06 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.06 |
1.25 |
1.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.13 |
0.15 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1656.99 |
3600.38 |
886.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
1.90 |
1.14 |
0.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.06 |
3.52 |
3.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.51 |
7.96 |
8.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.82 |
1.67 |
1.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.61 |
1.31 |
1.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.48 |
0.44 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.44 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.82 |
1.67 |
1.54 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
27.597 |
27.597 |
27.597 |
|
Reserves & Surplus |
906.444 |
987.068 |
1132.059 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
934.041 |
1014.665 |
1159.656 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
67.455 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
67.455 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.058 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
8654.668 |
7072.128 |
7632.031 |
|
|
|
(18.285) |
7.917 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
8654.668 |
7072.128 |
7632.031 |
|
Profit |
80.468 |
80.763 |
145.130 |
|
|
0.93% |
1.14% |
1.90% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
27.597 |
27.597 |
|
(b) Reserves & Surplus |
|
1131.569 |
986.750 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1159.166 |
1014.347 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
11.868 |
11.327 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
11.868 |
11.327 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
67.455 |
0.000 |
|
(b) Trade payables |
|
996.581 |
1167.755 |
|
(c) Other current liabilities |
|
34.063 |
21.878 |
|
(d) Short-term provisions |
|
126.900 |
87.467 |
|
Total
Current Liabilities (4) |
|
1224.999 |
1277.100 |
|
|
|
|
|
|
TOTAL |
|
2396.033 |
2302.774 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
147.511 |
153.058 |
|
(ii) Intangible Assets |
|
0.029 |
0.638 |
|
(iii) Capital work-in-progress |
|
2.592 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
6.391 |
21.604 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.935 |
3.201 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
161.458 |
178.501 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
4.462 |
40.151 |
|
(b) Inventories |
|
262.142 |
450.328 |
|
(c) Trade receivables |
|
1252.896 |
920.728 |
|
(d) Cash and cash equivalents |
|
251.502 |
431.301 |
|
(e) Short-term loans and
advances |
|
300.475 |
140.453 |
|
(f) Other current assets |
|
163.098 |
141.312 |
|
Total
Current Assets |
|
2234.575 |
2124.273 |
|
|
|
|
|
|
TOTAL |
|
2396.033 |
2302.774 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
7632.031 |
7080.874 |
|
|
Other Income |
|
75.502 |
58.176 |
|
|
TOTAL
|
|
7707.533 |
7139.050 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
|
7126.443 |
6821.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
188.186 |
60.967 |
|
|
Employees benefits expense |
|
33.102 |
26.956 |
|
|
CSR Expenditure |
|
2.500 |
2.700 |
|
|
Other expenses |
|
122.188 |
94.531 |
|
|
TOTAL |
|
7472.419 |
7006.154 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
235.114 |
132.896 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.142 |
0.038 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
234.972 |
132.858 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
7.104 |
7.771 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
227.868 |
125.087 |
|
|
|
|
|
|
|
Less |
TAX |
|
82.916 |
44.644 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
144.952 |
80.443 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
52.59 |
29.15 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
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 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 |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
Note:
The registered address of the company has been shifted from 7/1 Lord
Sinha Road, Kolkata – 700071, West Bengal, India to the present address w.e.f
27.02.2009
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Amount |
Address |
|
1 |
C44124865 |
10429497 |
Axis Bank Limited |
26/04/2013 |
16/01/2015 |
300000000.0 |
Corporate Banking Branch (Cbb), 1, Shakespeare Sarani, Ac Market, 3rd Floor, Kolkata – 700071, West Bengal, India |
|
2 |
G05491766 |
10354096 |
Citi Bank N.A. |
03/05/2012 |
12/04/2016 |
500000000.0 |
Kanak Building41, Chowringhee Road, Kolkata – 700071, India |
|
3 |
B40476418 |
10259877 |
Citibank N.A |
03/01/2011 |
03/05/2012 |
300000000.0 |
Kanak Building41 Chowringhee Road, Kolkata – 700071, India |
|
4 |
G36147270 |
90251577 |
Andhra Bank |
19/07/1979 |
04/01/2017 |
740000000.0 |
Chowringhee Branch - 58, Chowringhee Road, Kolkata – 700071, India |
|
5 |
G32410466 |
90252190 |
State Bank of Saurashtra |
12/09/2003 |
28/11/2006 |
60000000.0 |
Bhowanipur Branch1a, Ashutosh Mukherjee Road, Kolkata – 700020, West Bengal, India |
|
6 |
G30173405 |
10050100 |
Bank of India |
05/04/2007 |
06/09/2011 |
240000000.0 |
Kolkata MID Corporate Branch, 5, B.T.M. Sarani, Kolkata 700001, West Bengal, India |
|
7 |
G29696200 |
80020787 |
Oriental Bank of Commerce |
15/10/2005 |
19/01/2009 |
195000000.0 |
Overseas Branch, (Lord's Building) 7/1, Lord Sinha Road, (Ground Floor) Kolkata – 700071, West Bengal, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
- Computer
software
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
|
INR |
|
US Dollar |
1 |
INR 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·