|
Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
DANKUNI STEELS LIMITED |
|
|
|
|
Registered
Office : |
21, Hemant Basu Sarani, Mezzanine Floor, Kolkata-700001, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
13.01.1995 |
|
|
|
|
Com. Reg. No.: |
21-067953 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 245.109 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1995PLC067953 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS04850G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD9406F |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pig Iron and Cements |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory track.
Networth of the company appears to be good. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
21, Hemant Basu Sarani, Mezzanine Floor, Kolkata-700001, West Bengal,
India |
|
Tel. No.: |
91-33-40232323 |
|
Fax No.: |
91-33-40232323 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Sanjay Kumar Sureka |
|
Designation : |
Director |
|
Address : |
28/1, Shakespeare Sarani, Kolkata-700017, West Bengal, India |
|
Date of Birth/Age : |
22.01.1971 |
|
Date of Appointment : |
10.04.2004 |
|
Election Commission ID No.: |
WB/23/146/069180 |
|
DIN No.: |
00218025 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51909WB1978PLC031558 |
SUREKA
EXPORTS LIMITED |
Director |
02-11-92 |
02-11-92 |
- |
Active |
NO |
|
2 |
U27101WB1941PLC010497 |
CONCAST
ISPAT LIMITED |
Managing
director |
01-04-09 |
27-09-99 |
- |
Active |
NO |
|
3 |
U70109WB2002PTC094216 |
CONCAST
INFRASTRACTURE PRIVATE LIMITED |
Director |
16-04-10 |
11-02-02 |
- |
Active |
NO |
|
4 |
U27109WB1995PLC071063 |
CONCAST
BENGAL INDUSTRIES LIMITED |
Director |
30-09-11 |
12-02-02 |
- |
Active |
NO |
|
5 |
U15499WB2002PLC094218 |
ORGANIC
GREEN FOODS LIMITED |
Director |
12-02-02 |
12-02-02 |
30-04-09 |
Active |
NO |
|
6 |
U27109WB1995PLC067953 |
DANKUNI
STEELS LIMITED |
Director |
10-04-04 |
10-04-04 |
- |
Active |
NO |
|
7 |
U27109WB2004PLC099978 |
CONCAST
ENERGY LIMITED |
Director |
28-09-04 |
28-09-04 |
04-05-09 |
Active |
NO |
|
8 |
U14108WB2005PTC104298 |
BANKURA
DRI MINING MANUFACTURERS COMPANY PRIVATE LIMITED |
Director |
27-07-05 |
27-07-05 |
- |
Active |
NO |
|
9 |
U36900WB2006PTC108596 |
CONCAST
BEVERAGES PRIVATE LIMITED |
Director |
17-03-06 |
17-03-06 |
- |
Active |
NO |
|
10 |
U27106WB1996PLC076334 |
CONCAST
GLOBAL LIMITED |
Director |
30-09-11 |
13-05-06 |
- |
Active |
NO |
|
11 |
U51909WB2006PLC111597 |
CONCAST
VYAPAAR LIMITED |
Director |
25-10-06 |
25-10-06 |
- |
Active |
NO |
|
12 |
U27310WB2007PLC118140 |
CONCAST
SHEETS AND TUBES LIMITED |
Director |
28-08-07 |
28-08-07 |
04-05-09 |
Active |
NO |
|
13 |
U51109WB1990PTC048957 |
JAI
BHOLA TRADING COMPANY PRIVATE LIMITED |
Director |
14-01-08 |
14-01-08 |
27-04-09 |
Active |
NO |
|
14 |
U51909WB1995PLC072045 |
CONCAST
STEEL AND POWER LIMITED |
Managing
director |
15-07-09 |
03-07-08 |
- |
Active |
NO |
|
15 |
U27100WB2008PTC129844 |
CONCAST
ENGINEERING PRIVATE LIMITED |
Director |
03-10-08 |
03-10-08 |
- |
Active |
NO |
|
16 |
U51101WB2009PLC132009 |
CONCAST
EXIM LIMITED |
Director |
15-01-09 |
15-01-09 |
- |
Active |
NO |
|
17 |
U85110WB2009PTC139889 |
INDO-US
HEALTHCARE PRIVATE LIMITED |
Director |
03-12-09 |
03-12-09 |
- |
Active |
NO |
|
18 |
U40105AR2008PLC008256 |
SATYAM
(NORTH EAST) THERMAL POWER LIMITED |
Director |
07-01-10 |
07-01-10 |
- |
Active |
NO |
|
19 |
U10102AR2008PLC008257 |
SATYAM
MINING AND MINERALS LIMITED |
Director |
07-01-10 |
07-01-10 |
- |
Active |
NO |
|
20 |
U11101AR2010PLC008294 |
SATYAM
(NORTH EAST) ENERGY LIMITED |
Director |
05-03-10 |
05-03-10 |
- |
Active |
NO |
|
21 |
U51101WB2010PTC151974 |
ROOTSTAR
TRADELI NK PRIVATE LIMITED |
Director |
10-09-10 |
10-09-10 |
- |
Active |
NO |
|
22 |
U45400WB2010PLC153282 |
CONCAST
INFRATECH LIMITED |
Director |
22-09-10 |
22-09-10 |
- |
Active |
NO |
|
23 |
U67190WB2011PTC158382 |
CONCAST
LEASING AND FINANCE PRIVATE LIMITED |
Director |
02-02-11 |
02-02-11 |
- |
Active |
NO |
|
24 |
U26922WB2006PTC109915 |
SWATI
UDYOG PRIVATE LIMITED |
Director |
21-06-11 |
15-03-11 |
- |
Active |
NO |
|
25 |
U41000WB2011PTC160977 |
CONCAST
INDO RUSS WATER PRIVATE LIMITED |
Director |
21-03-11 |
21-03-11 |
- |
Active |
NO |
|
26 |
U64202WB1995PLC075980 |
I-WIN
ADVISORY SERVICES LIMITED |
Director |
29-09-11 |
02-05-11 |
- |
Active |
NO |
|
27 |
U51909WB2007PTC118553 |
SODEPUR
COMMERCIAL PRIVATE LIMITED |
Director |
30-09-11 |
01-06-11 |
- |
Active |
NO |
|
28 |
U45400WB2011PTC170236 |
CONCAST
DAMOH ROAD PROJECT PRIVATE LIMITED |
Director |
02-12-11 |
02-12-11 |
- |
Active |
NO |
|
29 |
U45203WB2011PTC170728 |
CONCAST
DHANETA ROAD PROJECTS PRIVATE LIMITED |
Director |
15-12-11 |
15-12-11 |
- |
Active |
NO |
|
30 |
U45400WB2011PTC171198 |
CONCAST
AMBHA ROAD PROJECTS PRIVATE LIMITED |
Director |
26-12-11 |
26-12-11 |
- |
Active |
NO |
|
31 |
U45203WB2011PTC171173 |
CONCAST
PATAN ROAD PROJECTS PRIVATE LIMITED |
Director |
26-12-11 |
26-12-11 |
- |
Active |
NO |
|
32 |
U45400WB2011PTC171170 |
CONCAST
JAWASA ROAD PROJECTS PRIVATE LIMITED |
Director |
26-12-11 |
26-12-11 |
- |
Active |
NO |
|
33 |
U45400WB2012PTC171877 |
LIFEWOOD
PROMOTERS PRIVATE LIMITED |
Director |
10-01-12 |
10-01-12 |
- |
Active |
NO |
|
34 |
U45400WB2012PTC171876 |
HARDSOFT
PROMOTERS PRIVATE LIMITED |
Director |
10-01-12 |
10-01-12 |
- |
Active |
NO |
|
35 |
U45400WB2012PTC172398 |
CONCAST
PATH BAMEETHA SATNA ROAD PROJECTS PRIVATE LIMITED |
Director |
17-01-12 |
17-01-12 |
- |
Active |
NO |
|
36 |
U45400WB2012PTC171878 |
STARTREE
RESIDENCY PRIVATE LIMITED |
Director |
16-02-12 |
16-02-12 |
- |
Active |
NO |
|
Name : |
Mr. Arvind Kumar Dalmia |
|
Designation : |
Additional Director |
|
Address : |
26/C, Lake View Road, Kolkata-700029, West Bengal, India |
|
Date of Birth/Age : |
22.10.1967 |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
02919718 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27109WB1995PLC067953 |
DANKUNI
STEELS LIMITED |
Additional
director |
21-01-10 |
21-01-10 |
- |
Active |
NO |
|
2 |
U27109WB1995PLC071063 |
CONCAST
BENGAL INDUSTRIES LIMITED |
Additional
director |
21-01-10 |
21-01-10 |
- |
Active |
NO |
|
3 |
U27109WB2004PLC099978 |
CONCAST
ENERGY LIMITED |
Director |
02-02-10 |
02-02-10 |
- |
Active |
NO |
|
4 |
U70200WB1980PTC032822 |
KALIGHAT
PROPERTIES PRIVATE LIMITED |
Additional
director |
24-03-10 |
24-03-10 |
26-12-11 |
Active |
NO |
|
5 |
U45203WB2007PTC112792 |
N.K.S.
PROJECTS PRIVATE LIMITED |
Director |
25-08-10 |
25-08-10 |
- |
Active |
NO |
|
6 |
U45203WB2007PTC112790 |
MATASHREE
PROPERTIES PRIVATE LIMITED |
Director |
30-09-11 |
30-05-11 |
- |
Active |
NO |
|
7 |
U45203WB2007PTC112800 |
G.N.K.PROPERTIES
PRIVATE LIMITED |
Director |
30-09-11 |
30-05-11 |
- |
Active |
NO |
|
8 |
U45203WB2007PTC112791 |
N.G.K.
PROPERTIES PRIVATE LIMITED |
Director |
30-09-11 |
30-05-11 |
- |
Active |
NO |
|
9 |
U45203WB2007PTC112744 |
GANGOUR
NIRMAN PRIVATE LIMITED |
Director |
30-09-11 |
30-05-11 |
- |
Active |
NO |
|
10 |
U45203WB2007PTC112807 |
TRITIUM
PROPERTIES PRIVATE LIMITED. |
Director |
30-09-11 |
30-05-11 |
- |
Active |
NO |
|
11 |
U51909WB2006PLC111597 |
CONCAST
VYAPAAR LIMITED |
Director |
30-09-11 |
05-09-11 |
- |
Active |
NO |
|
12 |
U51909WB1978PLC031558 |
SUREKA
EXPORTS LIMITED |
Additional
director |
07-11-11 |
07-11-11 |
- |
Active |
NO |
|
13 |
U27310WB2007PLC118140 |
CONCAST
SHEETS AND TUBES LIMITED |
Additional
director |
27-12-11 |
27-12-11 |
- |
Active |
NO |
|
Name : |
Ms. Bimla Devi Sureka |
|
Designation : |
Director |
|
Address : |
28/1, Shakespeare Sarani, Kolkata-700017, West Bengal, India |
|
Date of Birth/Age : |
24.08.1947 |
|
Date of Appointment : |
17.08.2006 |
|
DIN No.: |
00630384 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51909WB1978PLC031558 |
SUREKA
EXPORTS LTD |
Director |
20-11-94 |
20-11-94 |
- |
Active |
NO |
|
2 |
U27109WB1993PLC060654 |
NEO
NAISTOCO FORGE LIMITED |
Director |
24-11-99 |
24-11-99 |
27-03-09 |
Active |
NO |
|
3 |
U15499WB2002PLC094218 |
ORGANIC
GREEN FOODS LIMITED |
Director |
16-08-06 |
16-08-06 |
- |
Active |
NO |
|
4 |
U27109WB1995PLC067953 |
DANKUNI
STEELS LIMITED |
Director |
04-05-11 |
17-08-06 |
- |
Active |
NO |
|
5 |
L51909WB1983PLC035956 |
RANISATI
INDUSTRIES LIMITED |
Director |
02-09-06 |
02-09-06 |
12-05-11 |
Active |
NO |
|
6 |
U70200WB1980PTC032822 |
KALIGHAT
PROPERTIES PRIVATE LIMITED |
Additional
director |
24-03-10 |
24-03-10 |
25-08-10 |
Active |
NO |
|
Name : |
Mr. Anil Kumar Kedia |
|
Designation : |
Director |
|
Address : |
4/5, Singhi Bagan Lane, Kolkata-700006, West Bengal, India |
|
Date of Birth/Age : |
14.04.1973 |
|
Date of Appointment : |
19.03.2009 |
|
Election Commission ID No.: |
WB/21/143/147300 |
|
DIN No.: |
01364304 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27106WB1996PLC076334 |
CONCAST
GLOBAL LIMITED |
Director |
13-05-06 |
13-05-06 |
Active |
NO |
|
2 |
U51101WB2009PLC132009 |
CONCAST
EXIM LIMITED |
Director |
18-05-09 |
15-01-09 |
Active |
NO |
|
3 |
U27109WB1995PLC067953 |
DANKUNI
STEELS LIMITED |
Director |
19-03-09 |
19-03-09 |
Active |
NO |
|
4 |
U51909WB2006PLC111597 |
CONCAST
VYAPAAR LIMITED |
Director |
30-09-11 |
31-03-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Ashok Kumar Agarwal |
100 |
|
Atma Ram Kanodia |
1720 |
|
Deepak Jain |
100 |
|
Munna Singh |
100 |
|
Shyam Sundar Bowri |
100 |
|
Prasanta Sadhukhan |
100 |
|
Samir Ray Choudhary |
100 |
|
Banwari Lal Agarwal |
1160 |
|
Bhagwati Prasad Choudhary |
5420 |
|
Kusum Agarwal |
14500 |
|
Kamal Kant Agarwal |
5500 |
|
Nomos Sanitary Ware |
5500 |
|
Tracon Wheel and Axle Projects Limited, India |
31000 |
|
SMC Marketing Private Limited, India |
9000 |
|
Sanjay Kumar Sureka |
9210000 |
|
Neo Naistoco Forge Limited, India |
30000 |
|
Pioneer Equipments Limited, India |
50000 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
92.18 |
|
Directors or relatives of Directors |
7.68 |
|
Other top fifty shareholders |
0.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pig Iron and Cements |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2009)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
PIG Iron |
M.T. |
1200000 |
114360.96 |
|
Scrap, Cement, Slag and Others |
M.T. |
50000 |
38310.92 |
Note: Since the industry in which the Company operates
is de-licensed, the requirement for disclosure of licensed capacity is not
applicable.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Syndicate Bank, Large Corporate Branch 1, Brabounre
Road, Illaco House, Kolkata-700001, West Bengal, India ·
State Bank of India, Commercial Branch, Kolkata,
24, Park Street, Kolkata-700016, West Bengal, India ·
State Bank of Bikaner and Jaipur, Ballygunge
Branch, 204, Rashbehari Avenue, Kolkata-700029, West Bengal, India ·
ICICI Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M Jian and Associates Chartered Accountant |
|
Address : |
9/12, Lal Bazar Street, Block E, 4th Floor, Kolkata-700001,
West Bengal, India |
|
Pan No.: |
AADCF2475G |
|
|
|
|
Associates : |
·
Concast Ispat Limited ·
Concast Exim Limited ·
Organic Green Foods Limited ·
Concast Engg. (Private) Limited ·
SPS Steel and Power Limited ·
Concast Bengal Industries Limited ·
Concast Global Limited ·
Concast Vyappar Limited ·
Sureka Exports Limited ·
Concast Energy Limited ·
Concast Infrastructure Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs. 350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6580 |
Equity Shares |
Rs.10/- each |
Rs. 0.066
Million |
|
24504320 |
Equity Shares |
Rs.10/- each |
Rs. 245.043
Millions |
|
|
Total |
|
Rs. 245.109 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
245.109 |
149.909 |
74.909 |
|
|
2] Share Application Money |
395.300 |
201.600 |
33.900 |
|
|
3] Reserves & Surplus |
1239.961 |
765.944 |
419.210 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1880.370 |
1117.453 |
528.019 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2189.889 |
1702.424 |
590.177 |
|
|
2] Unsecured Loans |
574.871 |
73.700 |
298.700 |
|
|
TOTAL BORROWING |
2764.760 |
1776.124 |
888.877 |
|
|
DEFERRED TAX LIABILITIES |
63.239 |
19.555 |
15.495 |
|
|
|
|
|
|
|
|
TOTAL |
4708.369 |
2913.132 |
1432.391 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1465.445 |
266.089 |
279.427 |
|
|
Capital work-in-progress |
475.195 |
1212.802 |
245.016 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.105 |
0.004 |
0.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1454.704
|
963.661 |
793.262 |
|
|
Sundry Debtors |
1356.014
|
854.387 |
491.642 |
|
|
Cash & Bank Balances |
147.336
|
47.313 |
45.055 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
280.658
|
59.654 |
63.521 |
|
Total
Current Assets |
3238.712
|
1925.015 |
1393.480 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
441.515
|
422.790 |
244.602 |
|
|
Other Current Liabilities |
3.387
|
65.153 |
223.926 |
|
|
Provisions |
27.215
|
3.215 |
17.167 |
|
Total
Current Liabilities |
472.117
|
491.158 |
485.695 |
|
|
Net Current Assets |
2766.595
|
1433.857 |
907.785 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.029 |
0.380 |
0.158 |
|
|
|
|
|
|
|
|
TOTAL |
4708.369 |
2913.132 |
1432.391 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5587.554 |
5002.539 |
2726.495 |
|
|
|
Other Income |
6.559 |
5.358 |
3.309 |
|
|
|
TOTAL (A) |
5594.113 |
5007.897 |
2729.804 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
5385.745 |
4660.893 |
2638.132 |
|
|
|
Manufacturing and Direct Expenses |
279.286 |
275.864 |
173.067 |
|
|
|
Administrative Expenses |
26.172 |
25.689 |
22.052 |
|
|
|
Preliminary Expenses W/Off |
0.352 |
0.152 |
0.077 |
|
|
|
Increased / (Decreased) in stock |
(491.043) |
(170.398) |
(279.338) |
|
|
|
TOTAL (B) |
5200.512 |
4792.200 |
2553.990 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
393.601 |
215.697 |
175.814 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
185.955 |
143.783 |
73.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
207.646 |
71.914 |
102.133 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
49.306 |
17.753 |
17.633 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
158.340 |
54.161 |
84.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
65.123 |
7.427 |
23.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
93.217 |
46.734 |
60.532 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
175.584 |
128.850 |
68.318 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
268.801 |
175.584 |
128.850 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
0.000 |
0.000 |
8.247 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.21 |
6.24 |
12.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.67
|
0.93 |
2.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.83
|
1.08 |
3.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.36
|
2.47 |
5.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.05 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.76
|
2.05 |
2.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.86
|
3.92 |
2.87 |
LOCAL AGENCY FURTHER INFORMATION
ISSUED OF SHARES
The company has issued and allotted 9520000 Equity Shares of Rs. 10/- each
for cash at a premium of Rs.40/- per share in the Share Capital of the Company
during the period to augment expansion / modernization of plant and working
capital requirements of the company.
FORM 8
|
Corporate
identity number of the company |
U27109WB1995PLC067953 |
|
Name of the
company |
DANKUNI STEELS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
21, Hemant Basu Sarani, Mezzanine Floor, Kolkata-700001, West Bengal, India |
|
This form is for |
Modification of
charge Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Syndicate Bank, Large Corporate Branch 1, Brabounre Road, Illaco House,
Kolkata-700001, West Bengal, India |
|
Nature of
instrument creating charge |
Composite
Hypothecation Agreement (A.S.D. - 4) dated 28.12.2011 Sanction Letter
dated 23.12.2011 Board Resolution
dated 28.12.2011 |
|
Date of instrument
Creating the charge |
28.12.2011 |
|
Amount secured by
the charge |
RS. 230.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest SODH - Base Rate
+ 4.25% p.a. with monthly rests. WCDL - Base Rate
+ 2.25% p.a. with monthly rests. ILC/FLC
Commission - Usual. Terms of repayment Repayable on
demand. Margin SODH - 25% on Stock and 30% on book debts. WCDL - 25% on stock and 30% on book debts ILC/FLC - 10% on
Cash Margin. Extent and operation of the charge The charge shall
operate as first pari pasu charge on current assets, second pari pasu charge
on fixed assets and first pari passu charge on pledge of 1.967 Millions
equity shares of promoters (8.03% of company's shares) with other consortium
member banks of the Company. To the extent of
the overall limit of Rs. 230.000 Millions excluding interest, commission and
other charges. The charge will operate till the limit enjoyed by the borrower
company is fully repaid. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way of first charge on the entire current assets viz. stocks of raw
materials, WIP, semi finished and finished goods, stores and spares etc. and
entire receivables of the company both present and future, ranking pari passu
basis with other consortium banks. Second charge on
the entire fixed assets of the company, both present and future ranking pari
passu with other consortium member banks. First pari passu
charge on pledge of 1.967 Millions equity shares of promoters (8.03% of
company’s shares). |
|
Charge
identification number of the charge to be modified |
10150754 |
|
Particulars of
the present modification |
By this modification,
the overall limit has been enhanced from Rs. 210.000 Millions to Rs. 230.000
Millions. The detail of which is mention as below:- SODH - Rs.
24.000 Millions WCDL - Rs.
96.000 Millions ILC/FLC - Rs.
110.000 Millions * WCDL and ILC/FLC
will be released as and when requested by the Company.* All other terms
and conditions remain unchanged. |
FIXED ASSETS
·
Land and Site Development
·
Building
·
Factory shed
·
Machinery
·
Safety Equipment
·
Weighing Bridge
·
Lab Equipment
·
EPBAX System
·
Furniture and Fixture
·
Electrical Installation
·
Office Equipment
·
Motor Car
·
Industrial Vehicles
·
Computers
·
Sinter Plant Shed
·
Plant and Machinery
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. 49.21 |
|
|
1 |
Rs. 77.75 |
|
Euro |
1 |
Rs. 64.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.