MIRA
INFORM REPORT
|
Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ORISSA MANGANESE AND MINERALS LIMITED (w.e.f. 19.05.2008) |
|
|
|
|
Formerly Known
As : |
ORISSA MANGANESE AND MINERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
IPICOL House, 3rd Floor, Annexe Building, Janpath,
Bhubaneswar - 751022 Orissa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.06.2012 |
|
|
|
|
Date of
Incorporation : |
30.07.1953 |
|
|
|
|
Com. Reg. No.: |
15-017027 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13201OR1953PLC017027 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3635J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Iron Ore Pellets and mining of Manganese,
Iron Ore and Graphite. |
|
|
|
|
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 13000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Adhunik Group. It is a well-established company having satisfactory track record. There appears drastic dip in the profitability of the company during
2012. However, the rating takes into consideration the well-experienced and
knowledgeable promoters. Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A- (Long Term Bank Facilities) |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
June 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A2+ (Short Term Bank Facilities) |
|
Rating Explanation |
Having strong degree of safety and carry low
credit risk. |
|
Date |
June 2013 |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
IPICOL House, 3rd Floor, Annexe Building, Janpath,
Bhubaneswar - 751022 Orissa, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Plant : |
Located at: ·
Saraikela Kharswan, Jharkhand, India |
DIRECTORS
As on: 06.11.2012
|
Name : |
Mr. Jugal Kishore Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
05.10.1951 |
|
Date of Appointment : |
05.04.2007 |
|
DIN No.: |
00227460 |
|
|
|
|
Name : |
Mr. Ghanshyam Das Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
16.10.1957 |
|
Date of Appointment : |
05.04.2007 |
|
DIN No.: |
00507800 |
|
|
|
|
Name : |
Mr. Mahesh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
10.05.1966 |
|
Date of Appointment : |
05.04.2007 |
|
DIN No.: |
00507690 |
|
|
|
|
Name : |
Mr. Manoj Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
06.08.1969 |
|
Date of Appointment : |
05.04.2007 |
|
DIN No.: |
00227871 |
|
|
|
|
Name : |
Mr. Nirmal Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
10.01.1962 |
|
Date of Appointment : |
05.04.2007 |
|
DIN No.: |
00605669 |
|
|
|
|
Name : |
Mr. Mohan Lal Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
10.05.1965 |
|
Date of Appointment : |
05.04.2007 |
|
DIN No.: |
01047906 |
|
|
|
|
Name : |
Mr. Sanjay Pratap |
|
Designation : |
Director |
|
Address : |
07, Tankapani Road, Rashmi Lawns, Bhubaneswar – 751002, Orissa,
India |
|
Date of Birth/Age : |
01.09.1966 |
|
Date of Appointment : |
13.02.2008 |
|
DIN No.: |
02053836 |
|
|
|
|
Name : |
Mr. Ramgopal Agarwala |
|
Designation : |
Director |
|
Address : |
B2/39, 2nd Floor, Safdarjung Enclave, Delhi – 110029, India
|
|
Date of Birth/Age : |
14.12.1937 |
|
Date of Appointment : |
30.06.2008 |
|
DIN No.: |
02054856 |
KEY EXECUTIVES
|
Name : |
Mr. Nand Kishore Singhal |
|
Designation : |
Manager |
|
Address : |
17.04.1957 |
|
Date of Birth/Age : |
293, Hari SabhaMaith, Kolkata – 700084, West Bengal, India |
|
Date of Appointment : |
28.06.2012 |
|
PAN No.: |
AKTPS2578Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 06.11.2012
|
Names of Shareholders |
|
No. of Shares |
|
Adhunik Metaliks Limited, India
|
|
19961070 |
|
Jugal Kishore Agarwal |
|
9000 |
|
Ghanshyam Das Agarwal |
|
5990 |
|
Nirmal Kumar Agarwal |
|
5700 |
|
Mohan Lal Agarwal |
|
5700 |
|
Mahesh Kumar Agarwal |
|
5990 |
|
Manoj Kumar Agarwal |
|
6550 |
|
Total |
|
20000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 06.11.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Iron Ore Pellets and mining of Manganese,
Iron Ore and Graphite. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of Hyderabad, Lansdowne Branch, 53, Sarat Bose Road, Kolkata - 700025, West Bengal, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution: |
IFCI Limited, IFCI Tower, 61 Nehru Place, New Delhi - 110019, India |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
22, Camac Street, Block C, 3rd Floor, Kolkata -700 016, West Bengal, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding company |
Adhunik Metaliks Limited CIN No.: L28110WB2001PLC093945 |
|
|
|
|
Subsidiary company |
Adhunik Power and Natural Resources Limited CIN No.: U40101WB2005PLC102935 |
|
|
|
|
Fellow Subsidiary
company |
Adhunik Power Transmission Limited CIN No.: U28920WB1991PLC052122 |
|
|
|
|
Joint venture |
Neepaz B C Dagara Steels Private Limited CIN No.: U27100OR2010PTC012205 |
|
|
|
|
Other Related
Parties: |
· Aadhunik Steels Limited CIN No.: U27109WB1992PLC055488 · Adhunik Alloys and Power Limited CIN No.: U27104WB2003PLC096616 · Adhunik Corporation Limited CIN No.: U27106WB1996PLC076992 · Adhunik Industries Limited CIN No.: L65921WB1979PLC032200 · Adhunik Infotech Limited CIN No.: U52392WB2003PLC095975 · Futuristic Steel Limited CIN No.: U27107WB1995PLC076049 |
CAPITAL STRUCTURE
As on: 30.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.06.2012 (15 Months) |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
200.000 |
20.000 |
|
(b) Reserves & Surplus |
|
3260.369 |
2627.781 |
|
(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) |
|
3460.369 |
2647.781 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6369.189 |
5280.695 |
|
(b) Deferred tax liabilities (Net) |
|
639.522 |
344.702 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
17.610 |
10.705 |
|
Total Non-current Liabilities (3) |
|
7026.321 |
5636.102 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
362.381 |
0.000 |
|
(b) Trade payables |
|
1118.456 |
442.682 |
|
(c) Other current
liabilities |
|
2152.043 |
1082.803 |
|
(d) Short-term provisions |
|
170.987 |
384.457 |
|
Total Current Liabilities (4) |
|
3803.867 |
1909.942 |
|
|
|
|
|
|
TOTAL |
|
14290.557 |
10193.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4956.483 |
3795.744 |
|
(ii) Intangible Assets |
|
709.255 |
599.885 |
|
(iii) Capital
work-in-progress |
|
628.173 |
1283.346 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2883.300 |
1165.900 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1355.288 |
615.122 |
|
(e) Other Non-current assets |
|
32.837 |
25.126 |
|
Total Non-Current Assets |
|
10565.336 |
7485.123 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1300.613 |
905.866 |
|
(c) Trade receivables |
|
828.651 |
301.585 |
|
(d) Cash and cash
equivalents |
|
707.735 |
655.203 |
|
(e) Short-term loans and
advances |
|
887.086 |
845.597 |
|
(f) Other current assets |
|
1.136 |
0.451 |
|
Total Current Assets |
|
3725.221 |
2708.702 |
|
|
|
|
|
|
TOTAL |
|
14290.557 |
10193.825 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
2.845 |
|
|
3] Reserves & Surplus |
|
|
1324.423 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1347.268 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2128.749 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
2128.749 |
|
|
DEFERRED TAX LIABILITIES |
|
|
65.827 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3541.844 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1444.920 |
|
|
Capital work-in-progress |
|
|
1426.596 |
|
|
Expenditure pending allocation |
|
|
74.534 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
237.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
429.871 |
|
|
Sundry Debtors |
|
|
208.902 |
|
|
Cash & Bank Balances |
|
|
471.524 |
|
|
Other Current Assets |
|
|
18.467 |
|
|
Loans & Advances |
|
|
540.614 |
|
Total
Current Assets |
|
|
1669.378 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
380.693 |
|
|
Other Current Liabilities |
|
|
669.272 |
|
|
Provisions |
|
|
261.119 |
|
Total
Current Liabilities |
|
|
1311.084 |
|
|
Net Current Assets |
|
|
358.294 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3541.844 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2012 (15 Months) |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
4380.372 |
2535.370 |
|
|
|
Other Income |
|
228.713 |
NA |
|
|
|
TOTAL (A) |
7098.708 |
4609.085 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
4229.252 |
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
4229.252 |
1622.882 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2869.456 |
2986.203 |
1661.136 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1210.573 |
548.797 |
217.583 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1658.883 |
2437.406 |
1443.553 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
460.565 |
166.756 |
62.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1198.318 |
2270.650 |
1381.501 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
385.730 |
758.092 |
475.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
812.588 |
1512.558 |
906.273 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2448.025 |
1295.923 |
389.650 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus Share Issued |
(180.000) |
0.000 |
NA |
|
|
|
Proposed Dividend |
0.000 |
180.000 |
NA |
|
|
|
Corporate Dividend Tax |
0.000 |
29.200 |
NA |
|
|
|
General Reserve |
0.000 |
151.256 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
3080.613 |
2448.025 |
1295.923 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
40.63 |
756.28 |
453.14 |
|
KEY RATIOS
|
PARTICULARS |
|
30.06.2012 (15 Months) |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
11.45
|
32.82 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
51.84 |
35.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.12
|
29.32 |
44.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.86 |
1.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.95
|
1.99 |
1.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98
|
1.42 |
1.27 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 30.06.2012 (15
Months) |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
500.000 |
500.000 |
|
Total |
500.000 |
500.000 |
NOTE: The
registered office of the company has been shifted from 2/1A, Sarat Bose Road,
6th Floor, Kolkata – 700020, West Bengal, India to present address w.e.f.29.05.2013.
FINANCIAL YEAR:
The financial period of the Company has been extended by a period of 3 (three) months up to 30th June, 2012. Accordingly, the Companys financial period 2011-12 is for a period of 15 (fifteen) months i.e. 1st April, 2011 to 30th June, 2012.
OPERATIONS:
During the fifteen Months, the Company has successfully commissioned its 1.2 million tonne iron ore beneficiation and pelletisation plant situated at District Saraikela Kharswan in the state of Jharkhand. It achieved gross sales of Rs. 7097.774 Millions and Profit After Tax of Rs 812.588 Millions as on 30th June, 2012. Since, the Company has expanded the accounting period, the current period's figures are not comparable with the previous year's figures.
CORPORATE
INFORMATION:
Orissa Manganese and Minerals Limited (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in manufacture of Iron Ore Pellets and mining of Manganese, Iron Ore and Graphite in Odisha and Jharkhand.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10462539 |
20/11/2013 |
1,490,000,000.00 |
PUNJAB NATIONAL BANK |
52A, SHAKESPEARE SARANI, KOLKATA, West Bengal - 700017, INDIA |
B90469354 |
|
2 |
10454762 |
18/10/2013 |
1,500,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU PLACE, NEW DELHI, Delhi - 110019, INDIA |
B87438057 |
|
3 |
10449728 |
20/09/2013 |
1,000,000,000.00 |
Punjab & Sind Bank |
IBD Branch, 14-15, Old Court Street, Kolkata, West Bengal - 700001, INDIA |
B85269371 |
|
4 |
10449736 |
20/09/2013 |
1,000,000,000.00 |
Punjab & Sind Bank |
IBD Branch, 14-15, Old Court Street, Kolkata, West Bengal - 700001, INDIA |
B85273951 |
|
5 |
10456334 |
09/09/2013 |
250,000,000.00 |
STATE BANK OF HYDERABAD |
LANSDOWNE BRANCH, 53, SARAT BOSE ROAD, KOLKATA, West Bengal - 700025, INDIA |
B88061791 |
|
6 |
10450977 |
31/08/2013 |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
52A, SHAKESPEARE SARANI, KOLKATA, West Bengal - 700017, INDIA |
B85703569 |
|
7 |
10450918 |
31/08/2013 |
1,490,000,000.00 |
PUNJAB NATIONAL BANK |
52A, SHAKESPEARE SARANI, KOLKATA, West Bengal - 700017, INDIA |
B85683597 |
|
8 |
10447047 |
21/08/2013 |
1,250,000,000.00 |
STATE BANK OF HYDERABAD |
LANSDOWNE BRANCH, 53, SARAT BOSE ROAD, KOLKATA, West Bengal - 700025, INDIA |
B84024090 |
|
9 |
10444088 |
31/07/2013 |
50,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA |
B82590571 |
|
10 |
10439141 |
30/06/2013 |
49,900,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge
City, Koparkhairne, Navi Mumbai, Maharashtra - 4007 |
B80487010 |
|
11 |
10435917 |
22/05/2013 |
1,250,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, RELIANCE HOUSE, 2ND FLOOR, 34, JAWAHAR LAL NEHRU ROAD, KOLKATA, West Bengal - 700071, INDIA |
B79225272 |
|
12 |
10435910 |
22/05/2013 |
1,500,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, RELIANCE HOUSE, |
B79224101 |
|
13 |
10435913 |
22/05/2013 |
2,250,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, RELIANCE HOUSE, |
B79224309 |
|
14 |
10422607 |
25/04/2013 |
750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B73993628 |
|
15 |
10401785 |
19/12/2012 |
350,000,000.00 |
STATE BANK OF PATIALA |
MID CORPORATE BRANCH, 8, CAMAC STREET, SHANTINIKE TAN BUILDING, KOLKATA, West Bengal - 700017, INDIA |
B67572057 |
|
16 |
10384797 |
25/10/2012 |
28,350,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA |
B61498879 |
|
17 |
10380074 |
15/09/2012 |
1,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, RELIANCE HOUSE, |
B59508762 |
|
18 |
10372842 |
29/08/2012 * |
750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B56805740 |
|
19 |
10372837 |
29/08/2012 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B56485998 |
|
20 |
10298639 |
14/05/2013 * |
1,860,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, 44, PARK STREET, KOLKATA, |
B75650630 |
|
21 |
10261171 |
29/08/2012 * |
3,500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B56487267 |
|
22 |
10262439 |
15/12/2010 |
24,840,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA |
B03711587 |
|
23 |
10256295 |
30/11/2010 |
34,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B01911767 |
|
24 |
10212377 |
31/03/2010 |
60,000,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI Bank Towers, Bandra-Kurla, Complex, Mumbai, Maharashtra - 400051, INDIA |
A83396937 |
|
25 |
10205168 |
22/04/2010 * |
4,740,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, 44, PARK STREET, KOLKATA, |
A84261197 |
|
26 |
10119079 |
03/09/2008 |
7,900,000.00 |
ABN AMRO BANK N.V. |
3RD FLOOR, HANSALAYA BUILDING, 15, BARAKHAMBA ROA |
A44472918 |
|
27 |
10110707 |
24/04/2008 |
14,900,000.00 |
ABN AMRO BANK NV |
3RD FLOOR, HANSALAYA BUILDING, 15, BARAKHAMBA ROA |
A40768517 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 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.62.34 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.