MIRA
INFORM REPORT
|
Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
NMDC LIMITED |
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Registered
Office : |
Khanij Bhavan 10-3-311/A, Castle Hills, Masab Tank, Hyderabad –
500028, Andhra Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
15.11.1958 |
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Com. Reg. No.: |
01-001674 |
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Capital
Investment / Paid-up Capital : |
Rs. 3964.700 Millions |
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CIN No.: [Company Identification
No.] |
L13100AP1958GOI001674 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
VPNN00381D |
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Legal Form : |
A Public Limited
Liability Company. The Company's Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Manufacturer and exporter of Iron Ore. |
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No. of Employees
: |
5895 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (75) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 570000000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a government of India enterprises having fine track.
Financial position of the company appears to be sound. Trade relations are reported
as fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal 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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
LOCATIONS
|
Registered Office : |
Khanij Bhavan 10-3-311/A, Castle Hills, Masab Tank, Hyderabad –
500028, Andhra Pradesh, India |
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Tel. No.: |
91-40-23538713 / 20 / 21 |
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Fax No.: |
91-40-23538711 |
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E-Mail : |
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Website : |
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Factory : |
Located At : ·
Bailadila
·
Chattisgarh ·
Karnataka
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DIRECTORS
AS ON 31.03.2010
|
Name : |
Mr. Rana Som |
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Designation : |
Chairman Cum Managing Director |
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Name : |
Mr. V K Sharma |
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Designation : |
Director (Commercial) |
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Name : |
Mr. S. Venkatesan |
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Designation : |
Director (Commercial) |
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Name : |
Mr. N.K. Nanda |
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Designation : |
Director (Production |
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Name : |
Mr. S. Thaiagarajan |
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Designation : |
Director |
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GOVERNMENT OF INDIA NOMINEE DIRECTOR |
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Name : |
Mr. UP Singh |
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Designation : |
Joint Secretary, Ministry of Steel |
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INDEPENDENT DIRECTOR |
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Name : |
Mr. RN Aga |
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Designation : |
Director |
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Name : |
Dr. (Mrs.) Indira Misra |
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Designation : |
Director |
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Name : |
Mr. Y.K. Sharma |
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Designation : |
Director |
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Name : |
Mr. Abdul Kalam |
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Designation : |
Director |
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Name : |
Mr. K.S. Raju |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Kumar Raghavan |
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Designation : |
Company Secretary and Executive Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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(A) Shareholding
of promoters and Promoter Group |
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1. Indian |
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Central Government / State Government |
3568418180 |
90.00 |
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Sub Total (A)
(1) |
3568418180 |
90.00 |
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(B) Public
Shareholding |
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1. Institutions |
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Mutual Funds / UTI |
16988928 |
0.43 |
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Financial Institutions / Banks |
100004993 |
2.52 |
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Insurance Companies |
218553515 |
5.51 |
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Foreign Institutional Investors |
27024956 |
0.68 |
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Any Other (Specify) |
4640 |
-- |
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Any other |
4640 |
-- |
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2. Non
Institutions |
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Bodies Corporate |
9807045 |
0.25 |
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Individual shareholders holding nominal share capital up to Rs. 0.100
million |
22721155 |
0.57 |
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Individual shareholders holding nominal share capital in excess of Rs.
0.100 million |
427473 |
0.01 |
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Any Other (Specify) |
765115 |
0.02 |
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Non Residents |
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NRI Rep |
569439 |
0.01 |
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Trusts |
28956 |
-- |
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Clearing Members |
84391 |
-- |
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Employees |
82329 |
-- |
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Sub Total (B)
(2) |
33720788 |
0.85 |
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(B) = (B) (1) +
(B) (2) |
396297820 |
10.00 |
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Shares
held by custodians and against which depository receipts have been
issued (C) |
-- |
-- |
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Total (A) + (B) +(C) |
3964716000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of Iron Ore. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2010)
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Particulars |
Actual
production |
Installed
Capacity |
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Iron Ore |
238.03 |
34 Million WMT
of ROM |
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Diamonds |
16529.21 |
1,00,000 carats |
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Wind power |
-- |
10.5 MW |
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Silica sand |
-- |
0.300 millions
tones of products |
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Ultra Pure Ferric Oxide |
-- |
3,000 tones of
products |
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GENERAL INFORMATION
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No. Of Employees : |
5895 (Approximately) |
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Customers : |
·
MMTC Limited ·
Essar Steels Limited ·
Rashtriya Ispat Nigam Limited .( VSP) ·
Ispat Industries Limited ·
Vikram Sponge Iron Limited ·
Sponge Iron India Limited ·
KIOCL Limited ·
JSW Steel
Limited . ·
Visvesvaraya Iron and Steel Plant ·
Aparant Iron and Steel Company Limited ·
Lanco Industries Limited ·
Tata Metalliks Limited ·
Kirloskar Ferrous Industries Limited ·
Southern Iron and Steel Company Limited ·
CG based Sponge Iron Units |
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Bankers : |
·
State Bank of India ·
Canara Bank ·
UCO Bank ·
State Bank of Mysore ·
State Bank of Hyderabad |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ramamoorthy (N) and Company Chartered Accountant |
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Address : |
Hyderabad, Andhra Pradesh, India |
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Subsidiaries : |
·
JK Mineral Development Corporation Limited, Jammu ·
NMDC SARL, Madagaskar ·
NIMDC (Pty) Limited, Namibia (upto 28-08-2009) ·
NMDC-CMDC Limited, Raipur |
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Associates : |
·
Romelt-Sail (India) Limited, New Delhi |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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4000000000 |
Equity Shares |
Rs.1/- each |
Rs.4000.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
3964716000 |
Equity Shares |
Rs.1/- each |
Rs.3964.700
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
3964.700 |
3964.700 |
1321.600 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
138759.600 |
112404.400 |
81574.900 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
142724.300 |
116369.100 |
82896.500 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
848.800 |
580.400 |
60.100 |
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TOTAL |
143573.100 |
116949.500 |
82956.600 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7871.500 |
7466.300 |
5680.600 |
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Capital work-in-progress |
5560.900 |
2483.100 |
1118.300 |
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INVESTMENT |
761.400 |
715.400 |
832.800 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2987.500
|
3024.600 |
1661.400 |
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Sundry Debtors |
4270.000
|
10272.400 |
4877.100 |
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Cash & Bank Balances |
128549.400
|
97396.500 |
71988.000 |
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Other Current Assets |
1638.800
|
2983.500 |
1862.600 |
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Loans & Advances |
5190.400
|
4033.200 |
2437.900 |
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Total
Current Assets |
142636.100
|
117710.200 |
82827.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Other Current Liabilities |
7525.000
|
4845.800 |
4184.400 |
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Provisions |
5951.600
|
6801.700 |
3563.200 |
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Total
Current Liabilities |
13476.600
|
11647.500 |
7747.600 |
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Net Current Assets |
129159.500
|
106062.700 |
75079.400 |
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MISCELLANEOUS EXPENSES |
219.800 |
222.000 |
245.500 |
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TOTAL |
143573.100 |
116949.500 |
82956.600 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Sales |
62295.400 |
75591.900 |
57091.600 |
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Sales from Services |
29.800 |
26.200 |
21.500 |
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Income from sale of power |
65.700 |
22.200 |
0.000 |
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Other Income |
8617.100 |
8840.400 |
6705.300 |
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TOTAL (A) |
71008.000 |
84480.700 |
63818.400 |
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Less |
EXPENSES |
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|
|
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Raising and Transportation Charge |
373.800 |
443.300 |
253.800 |
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Consumption of Stores and Spares |
2094.500 |
2135.200 |
1753.300 |
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Power, Electricity and water |
441.100 |
422.100 |
474.000 |
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Payments and Benefits to employees |
4195.100 |
4211.000 |
3556.200 |
|
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Repairs and Maintenance |
660.600 |
516.400 |
394.300 |
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Royalty and Cess |
3606.100 |
627.900 |
543.600 |
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Selling Expenses |
4688.500 |
8541.800 |
5185.600 |
|
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Other Expenses |
2211.700 |
1665.500 |
1914.900 |
|
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Miscellaneous/ Promotional / Differed Revenue Expenditure W/Off |
34.600 |
34.600 |
600.000 |
|
|
|
Prior period items |
72.800 |
(5.200) |
(2.200) |
|
|
|
Transfer to Capital Account |
(194.600) |
(55.900) |
(62.700) |
|
|
|
Increase / Decrease in Stock |
19.000 |
(1273.900) |
(301.700) |
|
|
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TOTAL |
18203.200 |
17262.800 |
49509.300 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
52804.800 |
67217.900 |
50074.700 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
731.600 |
735.600 |
600.000 |
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PROFIT BEFORE
TAX |
52073.200 |
66482.300 |
49474.700 |
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Less |
TAX |
17600.600 |
22758.500 |
16945.600 |
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PROFIT AFTER TAX |
34472.600 |
43723.800 |
32529.100 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.200 |
16.500 |
19.300 |
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Less |
APPROPRIATIONS |
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