BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
DIBYAJYOTI MINES AND INFRASTRUCTURE PRIVATE LIMITED |
Principal Name 1 |
MR. PRADEEP KUMAR ROUTRAY |
|
Status |
SATISFACTORY |
Principal Name 2 |
MS. MEENA KUMARI ROUT |
|
|
|
Registration # |
15-007830 |
|
Street Address |
PLOT NO.12, PARK LINE, NEAR |
||
|
Established Date |
18.10.2004 |
SIC Code |
-- |
|
Telephone# |
91-674-2470291 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-674-2470011 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
IRON |
|
# of employees |
-- |
Product Name 2 |
GRANITES |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS – 100% |
Banking |
ICICI BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
6 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
41,248,000
|
Current Liabilities |
24,594,000
|
|
Inventories |
0,000
|
Long-term Liabilities |
11,799,000 |
|
Fixed Assets |
16,884,000 |
Other Liabilities |
17,292,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
53,685,000 |
|
Invest& other Assets |
6,000 |
Retained Earnings |
4,173,000 |
|
|
|
Net Worth |
4,453,000 |
|
Total Assets |
58,138,000 |
Total Liab. & Equity |
58,138,000 |
|
Total Assets (Previous Year) |
27,767,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
61,106,000 |
Net Profit |
1,678,000 |
|
Sales(Previous yr) |
51,845,000 |
Net Profit(Prev.yr) |
1,784,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.02.2011 |
Note:
The correct name of the company is Dibyajyoti Mines and Infrastructure
Private Limited.
IDENTIFICATION DETAILS
|
Name : |
DIBYAJYOTI MINES AND INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.12, Park Line, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
18.10.2004 |
|
|
|
|
Com. Reg. No.: |
15-007830 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13100OR2004PTC007830 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BBND00854A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD0816G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of |
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 |
|
Maximum Credit Limit : |
USD 18000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No.12, Park Line, Near |
|
Tel. No.: |
91-674-2470291 |
|
Fax No.: |
91-674-2470011 |
|
E-Mail : |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Pradeep Kumar Routray |
|
Designation : |
Managing Director |
|
Address : |
140/B, Khandagiri Kolathia, Chidananda Vihar, Bhubaneshwar – 751 030, |
|
Date of Birth/Age : |
26.05.1968 |
|
Date of Appointment : |
18.10.2004 |
|
DIN No.: |
02046294 |
|
|
|
|
Name : |
Ms. Meena Kumari Rout |
|
Designation : |
Director |
|
Address : |
B/L 92, VSS Nagar, BBSR, Bhubaneshwar – 751 007, |
|
Date of Birth/Age : |
30.09.1961 |
|
Date of Appointment : |
18.10.2004 |
|
DIN No.: |
02695179 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Kumar Routray |
|
5000 |
|
Meena Kumari Rout |
|
5000 |
|
Total
|
|
10000 |
As on 30.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of |
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|
|
GENERAL INFORMATION
|
Bankers : |
ICICI Bank
Limited |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Financial Institutions : |
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|
|
|
|
Auditors : |
|
|
Name : |
SRB and Associates Chartered Accountants |
|
Address : |
5th Floor, |
|
Tel. No.: |
91-674-2541043/ 2545880 |
|
Fax No.: |
91-674-2546414 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.180 |
0.180 |
0.180 |
|
|
3] Reserves & Surplus |
4.173 |
2.510 |
0.726 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.453 |
2.790 |
1.006 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.434 |
10.622 |
2.954 |
|
|
2] Unsecured Loans |
1.365 |
1.365 |
1.365 |
|
|
TOTAL BORROWING |
11.799 |
11.987 |
4.319 |
|
|
DEFERRED TAX LIABILITIES |
0.014 |
0.199 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.266 |
14.976 |
5.325 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.884 |
16.746 |
6.800 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.006 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
31.603
|
2.820 |
2.933 |
|
|
Cash & Bank Balances |
4.316
|
5.434 |
1.331 |
|
|
Other Current Assets |
3.631
|
2.324 |
0.256 |
|
|
Loans & Advances |
1.698
|
0.432 |
1.499 |
|
Total
Current Assets |
41.248
|
11.010 |
6.019 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.273
|
4.014 |
0.167 |
|
|
Other Current Liabilities |
7.321
|
6.791 |
6.587 |
|
|
Provisions |
17.278
|
1.986 |
0.764 |
|
Total
Current Liabilities |
41.872
|
12.791 |
7.518 |
|
|
Net Current Assets |
(0.624)
|
(1.781) |
(1.499) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.006 |
0.011 |
0.018 |
|
|
|
|
|
|
|
|
TOTAL |
16.266 |
14.976 |
5.325 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Bill Received |
61.106 |
51.845 |
10.248 |
|
|
|
Other Income |
0.057 |
0.054 |
0.051 |
|
|
|
TOTAL (A) |
61.163 |
51.899 |
10.299 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operative Activity Expenditure |
51.601 |
45.270 |
7.691 |
|
|
|
Administrative & Other Expenses |
1.484 |
0.458 |
0.477 |
|
|
|
TOTAL (B) |
53.085 |
45.728 |
8.168 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.078 |
6.171 |
2.131 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST & FINANCIAL
EXPENSES (D) |
1.904 |
1.214 |
0.330 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.174 |
4.957 |
1.801 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.539 |
2.224 |
1.329 |
|
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
2.635 |
2.733 |
0.472 |
|
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|
|
|
|
|
|
|
Less |
TAX (H) |
0.958 |
0.949 |
0.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.678 |
1.784 |
0.353 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
167.80 |
178.40 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
2.74
|
3.44 |
3.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.31
|
5.27 |
4.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.53
|
9.85 |
3.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59
|
0.98 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.05
|
8.88 |
11.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.86 |
0.80 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from At Geeta Bhagwat Bhaban, Plot No.140B, Khandagiri, Bhubaneshwar – 751 030, Orissa to the present address w.e.f. 28.04.2008.
PERFORMANCE DURING
THE YEAR:
The Company has achieved a turnover of Rs.61.163 millions during the
year. The turnover during the year has increased by 9.264 millions (17.85%).
FUTURE PROSPECTS:
The Company is expecting good number of work orders in future years. The
Company has taken all necessary steps to ensure the timely execution of all
future contracts.
FORM 8:
|
Corporate
identity number of the company |
U13100OR2004PTC007830 |
|
Name of the
company |
DIBYAJYOTI MINES AND INFRASTRUCTURE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.12, Park Line, Near E-Mail: brm1977@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
SREI Equipment Finance Private Limited, ‘Vishwakarma’, 86C, E-Mail: secretarial@srei.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation (LAZ173) |
|
Date of
instrument Creating the charge |
15.11.2010 |
|
Amount secured by
the charge |
Rs.5.250 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 16 percent per
annum Terms of
Repayment: Amount repayable
in 35 no. monthly installments of Rs.0.189 million each. Margin: Rs.2.250
millions Extent and Operation
of the charge: As per Deed of
Hypothecation |
|
Short particulars
of the property charged |
1 No. Volvo
Hydraulic Excavator EC460 BLC. (within |
FIXED ASSETS:
·
Tata-Hitachi-210
·
Tata-Hitachi-60
·
L and T KomastuPc-300
·
Tata Tippers
·
Endeavour-Frod
·
Volvo-460
·
Hyva 3 nos.
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 records 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.45.11 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.61.70 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.