MIRA
INFORM REPORT
|
Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
B.M.M. ISPAT LIMITED |
|
|
|
|
Registered
Office : |
114, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.04.2002 |
|
|
|
|
Com. Reg. No.: |
08-030365 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1029.248 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13100KA2002PLC030365 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRB05074G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB3556B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in Trading in Iron Ore, Generation and Sale of Power, Manufacturing
TMT Bars and Iron ORE Processing. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 51000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track record. The government has failed to file its financial with government
department for the year 2013. As per available financial of 2012, profitability of the company
appears to be decent. General financial position of the company seems to be
sound and healthy. 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 |
ICRA |
|
Rating |
Term Loan = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
May 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based facilities = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
May 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.
INFORMATION PARTED BY
|
Name : |
Mr. Ashok Kumar |
|
Designation : |
Accountant Executive |
|
Contact No.: |
91-80-41495660 |
|
Date : |
16.12.2013 |
LOCATIONS
|
Registered Office / Factory : |
114, Danapur Village, Hobli Marriamanahalli, Hospet Taluk, Bellary
District – 583 222, Karnataka, India |
|
Tel. No.: |
91-8394-244681/82/83/84 |
|
Fax No.: |
91-8394-244680/244686 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
101, 1st Floor, Pride Elite, No.10, |
|
Tel. No.: |
91-80-41495660/ 1/ 3 |
|
Fax No.: |
91-80-41495663/ 4 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 19.09.2013
|
Name : |
Mr. Saibal Kanti Gupta |
|
Designation : |
Director |
|
Address : |
No. 14, |
|
Date of Birth/Age : |
18.08.1938 |
|
Date of Appointment : |
26.07.2008 |
|
DIN No.: |
00011138 |
|
|
|
|
Name : |
Mr. Dinesh Kumar Singhi |
|
Designation : |
Managing Director |
|
Address : |
No.7-201-1, Shravanipride Basavangudi Market Road,
Bangalore – 560004, Karnataka, India |
|
Date of Birth/Age : |
14.01.1971 |
|
Qualification : |
B.E.(Mech) |
|
Date of Appointment : |
30.04.2002 |
|
PAN No.: |
AAMHS2836L |
|
DIN No.: |
00208064 |
|
|
|
|
Name : |
Mrs. Snehalatha Singhi |
|
Designation : |
Director |
|
Address : |
No.7-201-1, Shravanipride Basavangudi Market Road,
Bangalore – 560004, Karnataka, India |
|
Date of Birth/Age : |
08.12.1972 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
15.04.2002 |
|
PAN No.: |
AJMPS0427Q |
|
DIN No.: |
00208131 |
|
|
|
|
Name : |
Mr. Laxmipat Dudheria |
|
Designation : |
Director |
|
Address : |
No.7-201-1, Shravanipride Basavangudi Market Road,
Bangalore – 560004, Karnataka, India |
|
Date of Birth/Age : |
24.08.1962 |
|
Qualification : |
CA |
|
Date of Appointment : |
12.07.2004 |
|
DIN No.: |
00300443 |
|
|
|
|
Name : |
Mr. Mrutunjaya Senapati |
|
Designation : |
Director |
|
Address : |
002, Aster Block, |
|
Date of Birth/Age : |
15.05.1947 |
|
Qualification : |
B.Sc. (Mechanical Engineering), MBA |
|
Date of Appointment : |
01.06.2012 |
|
PAN No.: |
ABUPS2716C |
|
DIN No.: |
02167644 |
|
|
|
|
Name : |
Mr. Subramaniyam Pratapgiri |
|
Designation : |
Director |
|
Address : |
10-28 Patel Nagar, P and T Colony, Dilsukhnagar, Hyderabad-500060,
Andhra Pradesh, India |
|
Date of Birth/Age : |
25.09.1965 |
|
Date of Appointment : |
26.07.2008 |
|
DIN No.: |
00038729 |
|
|
|
|
Name : |
Mr. Bangalore Krishnamurthy Ganesh |
|
Designation : |
Whole-time director |
|
Address : |
Shashikiran, 1st Floor, Opposite Huda Park, 5th Main, M J Nagar, Hospet, Karnataka – 583201, India |
|
Date of Birth/Age : |
07.05.1966 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
02108349 |
KEY EXECUTIVES
|
Name : |
Suman Bajoria |
|
Designation : |
Company Secretary |
|
Address : |
No. 251, 1st Floor, 24th Main, 5th Phase,
J.P. Nagar, |
|
Date of Birth/Age : |
04.04.1982 |
|
Date of Appointment : |
19.03.2008 |
|
Pan No.: |
ANDPB4760G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 19.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Kumar Singhi |
|
47625000 |
|
Snehlatha Singhi |
|
68605 |
|
Singhi Finlease Private Limited, India
|
|
15902910 |
|
Snehfin Investment Private Limited, |
|
34660750 |
|
Singhi Holdings Private Limited, |
|
3115000 |
|
Laxmipat Dudheria |
|
50000 |
|
Dinesh Kumar Singhi (HUF) |
|
55000 |
|
BPO Finance and Investment Private Limited, |
|
722500 |
|
Panchmukhi Properties Private Limited, India |
|
725000 |
|
TOTAL
|
|
102924765 |
Equity Share Break up (Percentage of Total Equity)
As on: 19.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
53.56 |
|
Directors or relatives of directors |
|
46.39 |
|
Other top fifty shareholders |
|
0.05 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in Trading in Iron Ore, Generation and Sale of Power, Manufacturing
TMT Bars and Iron ORE Processing. |
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Products : |
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Terms : |
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|
Selling : |
L/C and Credit |
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|
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|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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|
|
|
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|
No. of Employees : |
150 (Approximately) |
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|
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|
Bankers : |
· State Bank of India, Corporate Accounts Group Branch - 13039, "Ozone", 2nd Floor, #6-3-669, Punjagutta Main Road, Hyderabad - 500082, Andhra Pradesh, India · Punjab National Bank, Large Corporate Branch, Centenary Building, No.28, M G Road, Bangalore - 560001, Karnataka, India · Canara Bank, Prim Corporate Branch, 25, M.G. Road, Bangalore - 560001, Karnataka, India |
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|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SBICAP Trustee Company Limited, 202, Maker Tower, ‘E’, Cuffe Parade,
Colaba, Mumbai - 400005, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
T.D. Jain and D.I. Sakaria Chartered Accountants |
|
Address : |
No. 34, Keshava Nivas, 3rd Floor, 1st Main, Gandhinagar, 1st Main,
Gandhinagar, Bangalore – 560009, Karnataka, India |
|
PAN No.: |
AAAFO2177L |
|
|
|
|
Enterprises which
are owned, or have Significant influence of or are partners with Key
management personnel and their relatives: |
· Shravani Constructions and Project · Singhi Finlease Private Limited CIN No.:U67120KA1999PTC025712 · Snehfin Investments Private Limited CIN No.:U67120KA2001PTC028490 · Singhi Holdings Private Limited CIN No.:U67120KA2007PTC043709 · BMM Cements Limited CIN No.:U40300KA2007PLC043746 · RanjItpura Infrastructure Private Limited CIN No.:U45203KA2006PTC040944 · Shree Gavisiddeshwara Minerals Private Limited CIN No.:U01010KA2004PTC033519 · Sneh Shelters Private Limited CIN No.:U70101KA2007PTC041769 · Shravanee Properties Private Limited CIN No.:U70101KA2005PTC037125 · Panchmukhi Properties Private Limited CIN No.:U70101WB1986PTC101350 · B. P.O .Finance and Investments Private Limited CIN No.:U74899DL1995PTC070930 · Bmm Energy Private Limited CIN No.:U40100KA2010PTC055239 · Bharat Mines and Minerals |
|
|
|
|
Subsidiaries : |
·
Ranjitpura Infrastructure Private Limited ·
BMM Global Resources Limited |
CAPITAL STRUCTURE
As on: 19.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160000000 |
Equity Shares |
Rs.10/- each |
Rs. 1600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
102924765 |
Equity Shares |
Rs.10/- each |
Rs. 1029.248
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1029.248 |
1021.998 |
|
(b) Reserves & Surplus |
|
11850.539 |
10072.228 |
|
(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) |
|
12879.787 |
11094.226 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
11300.446 |
4809.622 |
|
(b) Deferred tax liabilities (Net) |
|
750.826 |
592.627 |
|
(c) Other long
term liabilities |
|
331.626 |
115.057 |
|
(d) long-term
provisions |
|
36.975 |
26.262 |
|
Total Non-current
Liabilities (3) |
|
12419.873 |
5543.568 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
2145.386 |
1621.846 |
|
(b)
Trade payables |
|
2064.365 |
1470.941 |
|
(c)
Other current liabilities |
|
1844.122 |
1131.300 |
|
(d) Short-term
provisions |
|
4.157 |
7.885 |
|
Total Current
Liabilities (4) |
|
6058.030 |
4231.972 |
|
|
|
|
|
|
TOTAL |
|
31357.690 |
20869.766 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
11965.859 |
9303.498 |
|
(ii)
Intangible Assets |
|
10.844 |
10.683 |
|
(iii) Capital
work-in-progress |
|
10215.449 |
3694.586 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
871.788 |
988.646 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2100.431 |
2737.391 |
|
(e) Other
Non-current assets |
|
0.000 |
11.181 |
|
Total Non-Current
Assets |
|
25164.371 |
16745.985 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
5.000 |
0.000 |
|
(b)
Inventories |
|
1791.538 |
2064.847 |
|
(c)
Trade receivables |
|
755.627 |
319.281 |
|
(d) Cash
and cash equivalents |
|
1095.254 |
872.249 |
|
(e)
Short-term loans and advances |
|
2530.313 |
853..674 |
|
(f)
Other current assets |
|
15.587 |
13.730 |
|
Total
Current Assets |
|
6193.319 |
4123.781 |
|
|
|
|
|
|
TOTAL |
|
31357.690 |
20869.766 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1000.000 |
|
|
2] Share Application Money |
|
|
300.907 |
|
|
3] Reserves & Surplus |
|
|
5922.133 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7223.040 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2677.601 |
|
|
2] Unsecured Loans |
|
|
1725.336 |
|
|
TOTAL BORROWING |
|
|
4402.937 |
|
|
DEFERRED TAX LIABILITIES |
|
|
338.028 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11964.005 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6272.957 |
|
|
Capital work-in-progress |
|
|
3246.036 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1359.250 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1326.083 |
|
|
Sundry Debtors |
|
|
353.257 |
|
|
Cash & Bank Balances |
|
|
398.631 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
505.913 |
|
Total
Current Assets |
|
|
2583.884 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1151.183 |
|
|
Other Current Liabilities |
|
|
256.503 |
|
|
Provisions |
|
|
104.652 |
|
Total
Current Liabilities |
|
|
1512.338 |
|
|
Net Current Assets |
|
|
1071.546 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
14.216 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11964.005 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14937.496 |
10440.836 |
6863.686 |
|
|
|
Other Income |
75.014 |
2248.078 |
2348.059 |
|
|
|
TOTAL (A) |
15012.510 |
12688.914 |
9211.745 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
8103.557 |
|
|
|
|
|
Purchases of stock-in-trade |
66.658 |
501.983 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(10.131) |
(47.124) |
|
|
|
|
Employee benefit expense |
339.871 |
231.436 |
|
|
|
|
Other expenses |
2997.785 |
2152.901 |
|
|
|
|
TOTAL (B) |
11497.740 |
8068.926 |
5755.774 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3514.770 |
4619.988 |
3455.971 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
602.847 |
238.172 |
247.463 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2911.923 |
4381.816 |
3208.508 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
870.383 |
495.860 |
423.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2041.540 |
3885.956 |
2785.469 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
545.979 |
593.770 |
197.659 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1495.561 |
3292.186 |
2587.810 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.53 |
31.99 |
32.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.96 |
25.95 |
28.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.67 |
37.21 |
40.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.07 |
24.01 |
31.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.36 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.04 |
0.58 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
0.97 |
1.71 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
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 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowings |
|
|
|
Other loans and advances |
1422.774 |
1165.573 |
|
Loans and advances from others |
288.257 |
0.000 |
|
|
|
|
|
Total |
1711.031 |
1165.573 |
NOTE:
The registered office of the company has been shifted from “Singhi Sadan”, Infantry Road, Cantonment, Bellary-583104, Karnataka, India to the present address w.e.f. 04.09.2006.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10385982 |
19/10/2012 |
5,600,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNT BRANCH, 2ND FLOOR, OZONE BUILDIN, #6-3-669, PUNJAGUTTA,, HYDERABAD, Andhra Pradesh - 500082, INDIA |
B61901435 |
|
2 |
10344921 |
05/03/2012 |
1,200,000,000.00 |
STATE BANK OF INDIA |
COLLEGE ROAD BRANCH, PARWAZ PLAZA, COLLEGE ROAD, HOSPET, Karnataka - 583201, INDIA |
B36032670 |
|
3 |
10344922 |
05/03/2012 |
250,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, CENTENARY BUILDING, NO.28, M G ROAD, BANGALORE, Karnataka - 560001, INDIA |
B36033280 |
|
4 |
10341146 |
22/02/2012 |
1,500,000,000.00 |
CANARA BANK |
Prim Corporate Branch, 25, M.G. Road, BANGALORE, |
B34548677 |
|
5 |
10306952 |
07/11/2012 * |
42,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra - 400005, INDIA |
B64329352 |
|
6 |
10206134 |
13/09/2013 * |
1,981,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH - 13039,,
"OZONE", 2ND FLOOR, #6-3-669, PUNJAGUTTA MAIN ROAD, HYDER |
B86646569 |
|
7 |
10172529 |
07/11/2012 * |
4,600,000,000.00 |
STATE BANK OF INDIA |
COLLEGE ROAD BRANCH, PARWAJ PLAZA, COLLEGE ROAD, HOSPET, Karnataka - 583201, INDIA |
B64329741 |
|
8 |
10124193 |
04/10/2008 |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH CENTENARY BUILDING, NO. 2 |
A47364393 |
|
9 |
10112198 |
05/03/2012 * |
2,000,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, CENTENARY BUILDING, NO.28, M G ROAD, BANGALORE, Karnataka - 560001, INDIA |
B36031706 |
|
10 |
10255047 |
14/11/2009 * |
900,000,000.00 |
STATE BANK OF INDIA |
COLLEGE ROAD BRANCH, PARWAJ PLAZA, COLLEGE ROAD, HOSPET, Karnataka - 583201, INDIA |
A80484983 |
|
11 |
10026652 |
07/11/2012 * |
2,340,000,000.00 |
STATE BANK OF INDIA |
COLLEGE ROAD BRANCH, PARWAJ PLAZA, COLLEGE ROAD, HOSPET, Karnataka - 583201, INDIA |
B64329543 |
|
12 |
80051743 |
14/02/2009 * |
575,000,000.00 |
STATE BANK OF INDIA |
STATION ROAD, HOSPET, Karnataka - 583201, INDIA |
A56248057 |
* Date of charge modification
FIXED ASSETS:
·
Land and Land
Improvements
·
Freehold Land
·
Building
·
Office Equipments
·
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 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. 61.91 |
|
|
1 |
Rs. 100.83 |
|
Euro |
1 |
Rs. 85.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.