|
Report Date : |
18.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACB (INDIA) LIMITED |
|
|
|
|
Formerly Known
As : |
ARYAN COAL BENEFICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-102, Lower Ground Floor, New Multan Nagar, Surya Enclave, New Delhi
– 110056 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.03.1997 |
|
|
|
|
Com. Reg. No.: |
55-085837 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2380.057
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U10102DL1997PLC085837 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA06285G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA0043K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in Coal beneficiation and allied activities and
energy generation. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 64000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. 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 – 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 |
CRISIL |
|
Rating |
A+ (Long Term Rating) |
|
Rating Explanation |
Adequate degree of safety it carry low
credit risk. |
|
Date |
27.06.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1 (Short Term Rating) |
|
Rating Explanation |
Highest degree of safety it carry lowest
credit risk. |
|
Date |
27.06.2013 |
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 : |
C-102, Lower Ground Floor, New Multan Nagar, Surya Enclave, New Delhi
– 110056, India |
|
Tel. No.: |
91-11-25291566/67 |
|
Fax No.: |
91-11-25291567 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
7th Floor, Corporate Tower, Ambience Mall, N.H. -8, Gurgaon
– 122001, Haryana, India |
|
Tel. No.: |
91-124-2719000 |
|
Fax No.: |
91-124-2719185 |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Located at : ·
Bilaspur ·
Maharashtra ·
Bangalore |
|
|
|
|
Power Plants : |
Located at : ·
Chhattisgarh |
|
|
|
|
Coal Beneficiation
Plants : |
Located at : ·
Chhattisgarh ·
Maharashtra ·
Orissa ·
Andhra Pradesh |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Rudra Sen Sindhu |
|
Designation : |
Whole-time director |
|
Address : |
23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India |
|
Date of Birth/Age : |
02.02.1956 |
|
Date of Appointment : |
14.03.1997 |
|
DIN No.: |
00006999 |
|
|
|
|
Name : |
Mr. Vir Sen Sindhu |
|
Designation : |
Managing director |
|
Address : |
1, Garud Nagar, Gevra Project, Korba – 492452, Chhattisgarh, India |
|
Date of Birth/Age : |
03.12.1960 |
|
Date of Appointment : |
14.03.1997 |
|
DIN No.: |
00034773 |
|
|
|
|
Name : |
Mr. Kuldeep Singh Solanki |
|
Designation : |
Director |
|
Address : |
B-9/16, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
02.01.1956 |
|
Date of Appointment : |
19.12.1997 |
|
DIN No.: |
00009212 |
|
|
|
|
Name : |
Mr. Ajay Mrig |
|
Designation : |
Director |
|
Address : |
898, Sector-14, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
01.06.1962 |
|
Date of Appointment : |
10.12.2011 |
|
DIN No.: |
00026593 |
|
|
|
|
Name : |
Vrit Pal Sindhu |
|
Designation : |
Whole-time director |
|
Address : |
23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India |
|
Date of Birth/Age : |
05.02.1965 |
|
Date of Appointment : |
01.03.2005 |
|
DIN No.: |
00033480 |
|
|
|
|
Name : |
Mr. Harish Ahuja |
|
Designation : |
Director |
|
Address : |
22, Amrita Shergill Marg, New Delhi – 110003, India |
|
Date of Birth/Age : |
10.09.1995 |
|
Date of Appointment : |
28.03.2011 |
|
DIN No.: |
00047548 |
|
|
|
|
Name : |
Mr. Surinder Singh Kohli |
|
Designation : |
Director |
|
Address : |
J-170, Rajouri Garden, New Delhi – 110027, India |
|
Date of Birth/Age : |
10.04.1945 |
|
Date of Appointment : |
28.03.2011 |
|
DIN No.: |
00169907 |
|
|
|
|
Name : |
Mr. Niten Malhan |
|
Designation : |
Nominee director |
|
Address : |
Flat No. 2705, 27th Floor, North Tower, The Imperial
Building, MP Mill Compound, Tardeo, Mumbai – 400034, Maharashtra, India |
|
Date of Birth/Age : |
02.08.1971 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
00614624 |
|
|
|
|
Name : |
Mr. Samay Ram |
|
Designation : |
Director |
|
Address : |
381, Sector – 5, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
02.08.1939 |
|
Date of Appointment : |
02.08.2011 |
|
DIN No.: |
00663816 |
|
|
|
|
Name : |
Mr. Brij Behari Tandon |
|
Designation : |
Director |
|
Address : |
J-238, First Floor, Saket, New Delhi – 110017, India |
|
Date of Birth/Age : |
30.06.1941 |
|
Date of Appointment : |
28.03.2011 |
|
DIN No.: |
00740511 |
|
|
|
|
Name : |
Mr. Charan Das Arha |
|
Designation : |
Director |
|
Address : |
4 IAS Quater, Kundanbagh Begum Pet, Hyderabad – 500016, Andhra
Pradesh, India |
|
Date of Birth/Age : |
02.07.1945 |
|
Date of Appointment : |
28.03.2011 |
|
DIN No.: |
02226619 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Kumar Sharma |
|
Designation : |
Secretary |
|
Address : |
771, Neelkanth Apartment, Sector – 13, Rohini, New Delhi – 110085,
India |
|
Date of Birth/Age : |
13.04.1956 |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AAXPS7605Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
21.92 |
|
Bodies corporate |
12.27 |
|
Directors or relatives of Directors |
63.59 |
|
Other top fifty shareholders |
2.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Coal beneficiation and allied activities and
energy generation. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, Delhi, India · Ing Vysya Bank Limited, Narian Manzil,Ground Floor,Shop No. G1 To G5, I Floor, Shop No.1001 To 1007,Barakhamba Road,, New Delhi - 110001, Delhi, India · Indusind Bank Limited, Dr. Gopal Das Building, 28, Barakhamba Road, New Delhi - 110001, Delhi, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, DLF Tower, Gurgaon – 122002,
Haryana, India |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Subsidiary company: |
· ACB (India) Coal Methane Private Limited CIN No.: U11100DL2013PTC248419 · ACB (India) Power Limited CIN No.: U40101DL2010PLC206025 · Aryan Clean Coal Technologies Private Limited CIN No.: U29199DL2003PTC122193 · Aryan Energy Private Limited CIN No.: U40102DL2001PTC134230 · Connoiseur Resources Limited · Kartikay Coal Washeries Private Limited CIN No.: U10200DL2002PTC115155 · TRN Energy Private Limited · Spectrum Coal and Power Limited CIN No.: U10100DL1996PLC251093 |
|
|
|
|
Joint venture |
Cellcap Securities |
|
|
|
|
Associates : |
· Maruti Clean Coal And Power Limited CIN No.: U24292CT1999PLC013364 |
|
|
|
|
Other Related
Parties : |
· Aryan Ispat and Power Private Limited CIN No.: U27102DL2003PTC259757 · Hari Bhoomi Communications Private Limited CIN No.: U64204DL2007PTC163105 · Indus Compuquest Private Limited CIN No.: U74899DL2000PTC105646 · Indus Portfolio Private Limited CIN No.: U67120HR1992PTC034972 · Param Mitra Coal Resources Pte Limited · Pragati Vanijaya Limited CIN No.: L51909DL1985PLC020779 · Sainik Automobiles · Sainik Mining and Allied Services Limited CIN No.: U34102DL1989PLC034982 · Sainik Transport Shyam Indus Power Solutions Private Limited CIN No.: U74140DL2004PTC127124 · Sindhu Realtors Limited CIN No.: U45201DL2002PLC117866 · Sindhu Trade Links Limited CIN No.: L67120DL1992PLC121695 · V V Transport |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000000 |
Equity Shares |
Rs.10/- each |
Rs.10000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
238005728 |
Equity Shares |
Rs.10/- each |
Rs.2380.057
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2380.057 |
2380.057 |
2380.057 |
|
(b) Reserves & Surplus |
13627.390 |
11143.777 |
9621.461 |
|
(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) |
16007.447 |
13523.834 |
12001.518 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9212.552 |
10433.601 |
7573.395 |
|
(b) Deferred tax liabilities (Net) |
1045.989 |
401.967 |
164.616 |
|
(c) Other long term liabilities |
251.747 |
292.311 |
1138.787 |
|
(d) long-term provisions |
68.438 |
49.059 |
41.923 |
|
Total Non-current Liabilities (3) |
10578.726 |
11176.938 |
8918.721 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3674.953 |
2220.437 |
1242.234 |
|
(b) Trade payables |
665.406 |
542.048 |
624.158 |
|
(c) Other current
liabilities |
3112.980 |
2234.662 |
2096.381 |
|
(d) Short-term provisions |
124.456 |
139.057 |
143.987 |
|
Total Current Liabilities (4) |
7577.795 |
5136.204 |
4106.760 |
|
|
|
|
|
|
TOTAL |
34163.968 |
29836.976 |
25026.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16048.807 |
9967.118 |
3007.370 |
|
(ii) Intangible Assets |
4.174 |
2.871 |
1.457 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
10725.233 |
|
(iv)
Intangible assets under development |
1256.577 |
6590.695 |
0.000 |
|
(b) Non-current Investments |
8754.744 |
6925.405 |
5111.998 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1305.231 |
675.420 |
425.240 |
|
(e) Other Non-current assets |
320.897 |
1035.599 |
55.648 |
|
Total Non-Current Assets |
27690.430 |
25197.108 |
19326.946 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1410.282 |
1182.905 |
1111.360 |
|
(c) Trade receivables |
3018.543 |
2179.747 |
1536.570 |
|
(d) Cash and cash
equivalents |
1208.853 |
808.945 |
1891.599 |
|
(e) Short-term loans and
advances |
793.079 |
444.216 |
1123.402 |
|
(f) Other current assets |
42.781 |
24.042 |
37.122 |
|
Total Current Assets |
6473.538 |
4639.855 |
5700.053 |
|
|
|
|
|
|
TOTAL |
34163.968 |
29836.976 |
25026.999 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13434.896 |
9104.993 |
7769.233 |
|
|
|
Other Income |
225.747 |
48.860 |
182.007 |
|
|
|
TOTAL (A) |
13660.643 |
9153.853 |
7951.240 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2290.328 |
2081.733 |
2377.411 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(155.184) |
20.360 |
(443.776) |
|
|
|
Employee benefit expense |
719.989 |
520.958 |
460.837 |
|
|
|
Other expenses |
4820.696 |
3164.714 |
2994.098 |
|
|
|
TOTAL (B) |
7675.829 |
5787.765 |
5388.570 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5984.814 |
3366.088 |
2562.670 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1595.835 |
766.349 |
401.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4388.979 |
2599.739 |
2161.357 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
898.653 |
461.078 |
329.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3490.326 |
2138.661 |
1831.851 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
887.336 |
496.968 |
480.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2602.990 |
1641.693 |
1351.773 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7823.797 |
6301.481 |
5087.742 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
119.003 |
119.003 |
118.767 |
|
|
|
Tax on Dividend |
0.374 |
0.374 |
19.267 |
|
|
BALANCE CARRIED
TO THE B/S |
10307.410 |
7823.797 |
6301.481 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Carbon credit receipts |
0.000 |
2.784 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
2.784 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores and spares |
12.364 |
6.796 |
0.484 |
|
|
|
Capital goods |
110.640 |
48.063 |
22.047 |
|
|
|
Purchase of coal |
0.572 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
123.576 |
54.859 |
22.531 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.94 |
6.90 |
1.61 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
19.05
|
17.93 |
17.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.98
|
23.49 |
23.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.45
|
13.10 |
19.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.16 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.81
|
0.94 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85
|
0.90 |
1.39 |
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 |
No |
|
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 31.03.2013 |
As
on 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Term loans |
3179.635 |
2220.437 |
|
Term loans |
495.318 |
0.000 |
|
Total |
3674.953 |
2220.437 |
FINANCIAL PERFORMANCE
Income
The total income of the Company for the year increased by 49.23% to Rs.13660.643 million from Rs. 9153.853 million during the previous year.
Profitability
The profit after tax the Company for the year increased by 58.56% to Rs. 2,602.990 million as compared to Rs. 1641.693 million during previous year.
Background
The Company is a flagship company of Aryan Group. The Company was incorporated on 14 March 1997. Primary business of the Company is beneficiation of coal and sale of coal. The Company has set-up 6 coal washeries in Chhattisgarh, Maharashtra and Orissa.
Besides coal beneficiation business, the Company is into power generation through 30 MW and 270 MW thermal power plants and 15 MW wind mill plant. Power plant operations are mainly supported by Power Purchase Agreements (PPAs) with respective State Electricity Boards (SEBs).
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447718 |
13/09/2013 |
1,000,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B84340421 |
|
2 |
10453360 |
31/08/2013 |
500,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5, I FLOOR,SHOP NO.1001 TO 1007, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B86792330 |
|
3 |
10438266 |
01/08/2013 * |
1,150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B81319717 |
|
4 |
10416967 |
22/02/2013 |
750,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B72334022 |
|
5 |
10416349 |
07/02/2013 |
500,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, |
B72179823 |
|
6 |
10416322 |
07/02/2013 |
4,160,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B72173222 |
|
7 |
10388355 |
06/11/2012 |
250,000,000.00 |
DBS Bank Ltd. |
Birla Tower, Upper Ground Floor, 25, Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
B62736905 |
|
8 |
10375229 |
10/07/2013 * |
4,660,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Building,Ground Floor,17,R.Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, INDIA |
B83810440 |
|
9 |
10318642 |
22/11/2011 |
1,000,000,000.00 |
STANDARD CHARTERED BANK (Acting as an Security Age |
CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B25683772 |
|
10 |
10297550 |
13/11/2013 * |
1,750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B89022081 |
|
11 |
10254955 |
11/06/2013 * |
1,750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B78653409 |
|
12 |
10220279 |
04/04/2013 * |
500,000,000.00 |
YES BANK LIMITED |
9th Floor,Nehru Centre,Discovery of India, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra - 400018, INDIA |
B73249682 |
|
13 |
10198062 |
25/10/2013 * |
1,920,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B88301551 |
|
14 |
10169705 |
29/12/2012 * |
1,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B65220873 |
|
15 |
10159948 |
19/06/2013 * |
710,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B77613511 |
|
16 |
10121383 |
19/05/2009 * |
650,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
A65476947 |
|
17 |
10125538 |
10/05/2013 * |
5,540,000,000.00 |
Axis Bank Limited |
Axis House 02nd Floor, E Wing, P. B. Marg, Worli, |
B75388835 |
|
18 |
10020486 |
04/06/2013 * |
900,000,000.00 |
Standard Chartered Bank |
CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B78121647 |
|
19 |
90044787 |
24/06/2005 |
7,500,000.00 |
ABN AMRO BANK |
N.V. DLF CENTRE, SANSAD MARG, NEW DELHI, Delhi - |
- |
|
20 |
90044607 |
04/03/2005 |
6,000,000.00 |
HDFC BANK HOUSE |
SENAPATI BAPAT MARG, LOWER PAREL (W), MUMBAI, Maharashtra - 400013, INDIA |
- |
|
21 |
90043740 |
31/03/2009 * |
500,000,000.00 |
INDIAN OVERSEAS BANK |
PASCHIM VIHAR, NEW DELHI, NEW DLHI, Delhi - 110063, INDIA |
A61710521 |
* Date of charge modification
FIXED ASSETS:
·
Softwares
·
Freehold Land
·
Factory Building
·
Building
·
Plant and Machinery
·
Railway Sidings
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
AS PER WEBSITE DETAILS
PRESS RELEASES:
ACB INDIA FILES IPO PAPERS WITH SEBI
Jun 26, 2013
New Delhi-based ACB (India) has filed draft offer documents with SEBI on June 18, 2013 to list its equity shares on the NSE and the BSE.
ACB (India) Limited, along with its subsidiaries and associates, is largest and most efficient coal washery operator in the private sector with an aggregate designed beneficiation capacity, on a proportional basis, of 62.34 million tons per annum.
ACB's beneficiation operations are spread over 16 locations in India in the major coal bearing states of Chhattisgarh, Orissa, Maharashtra and Andhra Pradesh and include the largest coal beneficiation plant in India in Dipka (Chhattisgarh), with a designed capacity of 12.00 million tons per annum. The Company’s core business is coal beneficiation and power generation. Company's Corporate Office is in Gurgaon, and also have offices at various other locations in India.
ACB INDIA MAY RAISE RS 10000.000 MILLIONS THROUGH IPO, OFS THIS FISCAL
Jan 21 2013
Coal washeries operator ACB India is planning to raise up to Rs 10000.000 Millions through initial public issue and offer for sale (OFS) routes in this fiscal.
The company has filed the draft red herring prospectus with the Securities and Exchange Board of India (Sebi).
Industry sources said ACB India is likely to raise Rs 5750.000 Millions through primary issue and sub shares and may also make an offer-for-sale for approximately 12.5 per cent of the existing capital of the company, industry sources said.
ACB India is expecting to mop up over Rs 10000.000 Millions through IPO, sources said.
ACB India may also commission two power projects of total 900 MW power generation capacity in Chhattisgarh by 2014, entailing total investment of about Rs 40000.000 Millions, they said.
The company has already pumped about Rs 11000.000 Millions in both the plants, they added.
The coal linkages to these power plants would be supplied by Coal India Limited
The company had forayed into power sector in 2007 with the commissioning of its first 30 MW power project in Chhattisgarh.
The company had clocked a turnover of Rs 13500.000 Millions and profit after tax of Rs 2900.000 Millions in FY2012. In the first half of the current fiscal its turnover was Rs 8000.000 Millions and PAT at Rs 1950.000 Millions.
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.61.96 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.85.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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.