MIRA INFORM REPORT
|
Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ATIBIR INDUSTRIES COMPANY LIMITED |
|
|
|
|
Registered
Office : |
20-B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.08.2000 |
|
|
|
|
Com. Reg. No.: |
21-118392 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.260.828 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00331WB2000PLC118392 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA1825B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Sponge Iron, Pig Iron, Sinter, Pellet etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall
financial position appears to be decent. Rating also takes into consideration cyclical nature of steel
industry, dependency of company on imported coke and high working capital
intensity leading to stretched liquidity position of the company. Trade relation reported to be fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealing 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 |
Long term rating: “BBB-” |
|
Rating Explanation |
Moderate credit quality and average credit risk. |
|
Date |
August 02, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
August 02, 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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-6532-229224)
LOCATIONS
|
Registered Office : |
20-B, Abdul Hamid Street, 7th Floor, Block 7-B, Kolkata –
700069, West Bengal, India |
|
Tel. No.: |
91-6532-229224/ 229222 |
|
Fax No.: |
91-6532-229223 |
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E-Mail : |
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|
|
|
|
Factory : |
‘Sarawagi Sadan’, |
|
Tel. No.: |
91-6532-229222/ 24 |
|
Fax No.: |
91-6532-229223 |
|
Email: |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Harish Kumar Sarawgi |
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|
Designation : |
Director |
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|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.02.1966 |
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|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2005 |
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PAN No.: |
ALDPS5357E |
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DIN No.: |
00539230 |
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Other Directorship:
|
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|
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|
Name : |
Mr. Paras Kumar Sarawgi |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1960 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.08.2000 |
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PAN No.: |
AEJPS3050B |
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DIN No.: |
00539243 |
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Other Directorship:
|
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|
Name : |
Mr. Samir Kumar Sarawgi |
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|
Designation : |
Managing Director |
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|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
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|
Date of Birth/Age : |
19.01.1975 |
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|
Qualification : |
Graduate |
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|
Date of Appointment : |
30.06.2009 |
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PAN No.: |
AEJPS2818F |
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DIN No.: |
00539253 |
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Other Directorship:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sandeep Kumar Sarawgi |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
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|
Date of Birth/Age : |
23.08.1970 |
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|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.03.2004 |
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PAN No.: |
AEJPS2820M |
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DIN No.: |
00539285 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Vinit Kumar Dalmia |
|
Designation : |
Company Secretary |
|
Address : |
Lakhisarai – 811311, Bihar, India |
|
Date of Birth/Age : |
30.07.1978 |
|
Date of Appointment : |
01.01.2012 |
|
PAN No.: |
BDQPD6300J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Santosh Kumar Sarawgi |
|
5000 |
|
Paras Kumar Sarawgi |
|
54000 |
|
Harish Kumar Sarawgi |
|
486000 |
|
Sandeep Kumar Sarawgi |
|
3674300 |
|
Samir Kumar Sarawgi |
|
1083200 |
|
Atibir Hi-Tech Private Limited, India |
|
987500 |
|
Sribir Marketing Services Private Limited, India |
|
54000 |
|
Surendra Kumar Sarawgi (HUF) |
|
2228220 |
|
Samir Kumar Sarawgi (HUF) |
|
1869970 |
|
Paras Kumar Sarawgi (HUF) |
|
2439590 |
|
Harish Kumar Sarawgi (HUF) |
|
1894573 |
|
Sandeep Kumar Sarawgi (HUF) |
|
1762880 |
|
Santosh Kumar Sarawgi (HUF) |
|
2178100 |
|
Sharad Sarawgi |
|
175500 |
|
Arpit Sarawgi |
|
216000 |
|
Hamayan Barter Private Limited, India |
|
2009000 |
|
Saini Motors Finance Company Private Limited, India |
|
3987625 |
|
GCD Credit Private Limited, India |
|
4078000 |
|
Total |
|
29183458 |
AS ON 19.02.2013
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Ramesh Mertcantile Private Limited, India |
|
70000 |
|
Nariman Fiscal Services Private Limited, India |
|
200000 |
|
Jit Finance Private Limited, India |
|
130000 |
|
Amit Auto Credit Company Private Limited, India |
|
153800 |
|
Baba Iron Industries Private Limited, India |
|
110000 |
|
Total |
|
663800 |
AS ON 28.01.2013
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Hamayan Barter private Limited, India
|
|
625 |
|
GCD Credit Private Limited,
India |
|
46875 |
|
Saini Motor Finance Company Private Limited, India |
|
16250 |
|
Total |
|
63750 |
AS ON 30.09.2012
Equity Shares Break – up
|
Category |
|
Percentage of Holding |
|
Bodies corporate |
|
38.09 |
|
Directors or relatives of Directors |
|
61.91 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge Iron, Pig Iron, Sinter, Pellet etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower
Parel West, Mumbai – 400013, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kedia Agarwal and Associates Chartered Accountant |
|
Address : |
Tah Complex, Gandhi Chowk, Giridih – 815301, Jharkhand, India |
|
PAN No.: |
AACFK6368H |
|
|
|
|
Related Parties : |
· Sribir Marketing Services Private Limited, India CIN No.: U00064JH1996PTC007187 · Atibir Hitech Private Limited, India CIN No.: U37100WB1994PTC134781 |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32490000 |
Equity Shares |
Rs 10/-each |
Rs 324.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29911008 |
Equity Shares |
Rs 10/-each |
Rs.299.110 Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32490000 |
Equity Shares |
Rs 10/-each |
Rs 324.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26082833 |
Equity Shares |
Rs 10/-each |
Rs.260.828 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 |
|
260.828 |
208.698 |
|
(b) Reserves & Surplus |
|
1889.536 |
1375.870 |
|
(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) |
|
2150.364 |
1584.568 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1003.761 |
1267.891 |
|
(b) Deferred tax liabilities (Net) |
|
37.891 |
34.220 |
|
(c) Other long term
liabilities |
|
12.833 |
43.824 |
|
(d) long-term provisions |
|
0.000 |
1.017 |
|
Total Non-current
Liabilities (3) |
|
1054.485 |
1346.952 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1267.254 |
814.718 |
|
(b) Trade
payables |
|
803.888 |
191.440 |
|
(c) Other
current liabilities |
|
269.083 |
387.130 |
|
(d) Short-term
provisions |
|
13.783 |
12.431 |
|
Total Current
Liabilities (4) |
|
2354.008 |
1405.719 |
|
|
|
|
|
|
TOTAL |
|
5558.857 |
4337.239 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1838.030 |
2018.152 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
532.237 |
510.748 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
42.000 |
42.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.285 |
0.309 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
2412.552 |
2571.209 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1949.645 |
1537.860 |
|
(c) Trade receivables |
|
342.689 |
66.887 |
|
(d) Cash
and cash equivalents |
|
576.446 |
47.594 |
|
(e)
Short-term loans and advances |
|
277.525 |
113.689 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
3146.305 |
1766.030 |
|
|
|
|
|
|
TOTAL |
|
5558.857 |
4337.239 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
195.738 |
|
|
2] Share Application Money |
|
|
98.920 |
|
|
3] Reserves & Surplus |
|
|
1032.739 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1327.397 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1833.742 |
|
|
2] Unsecured Loans |
|
|
144.882 |
|
|
TOTAL BORROWING |
|
|
1978.624 |
|
|
DEFERRED TAX LIABILITIES |
|
|
25.449 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3331.470 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1625.652 |
|
|
Capital work-in-progress |
|
|
630.098 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1106.120 |
|
|
Sundry Debtors |
|
|
31.753 |
|
|
Cash & Bank Balances |
|
|
76.284 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
204.652 |
|
Total
Current Assets |
|
|
1418.809 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
150.869 |
|
|
Other Current Liabilities |
|
|
189.107 |
|
|
Provisions |
|
|
3.113 |
|
Total
Current Liabilities |
|
|
343.089 |
|
|
Net Current Assets |
|
|
1075.720 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3331.470 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
3167.035 |
2752.287 |
1241.079 |
|
|
|
Other Income |
7.825 |
1.374 |
1.869 |
|
|
|
TOTAL (A) |
3174.860 |
2753.661 |
1242.948 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2270.861 |
1916.785 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(276.661) |
(123.400) |
|
|
|
|
Employee benefit expense |
91.210 |
51.608 |
|
|
|
|
Other expenses |
472.890 |
408.650 |
|
|
|
|
TOTAL (B) |
2558.300 |
2253.643 |
1018.051 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
616.560 |
500.018 |
224.897 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
270.322 |
195.600 |
69.443 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
346.238 |
304.418 |
155.454 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
283.266 |
247.828 |
107.958 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
62.972 |
56.590 |
47.496 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.475 |
22.704 |
17.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
44.497 |
33.886 |
29.966 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
131.563 |
97.677 |
67.703 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
176.060 |
131.563 |
97.669 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.71 |
1.73 |
1.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.40
|
1.23 |
2.41 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.99
|
2.06 |
3.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.26
|
1.50 |
1.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.06
|
1.31 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.26 |
4.14 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/ MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10444676 |
31/07/2013 |
3,785,274.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B82919044 |
|
2 |
10438226 |
23/07/2013 * |
916,000,000.00 |
PUNJAB NATIONAL BANK |
BISTUPUR BRANCH, RAM MANDIR AREA, BISTUPUR, JAMSHEDPUR - 831001, JHARKHAND, INDIA |
B84672815 |
|
3 |
10382002 |
05/09/2012 |
23,710,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B60264389 |
|
4 |
10363325 |
22/05/2012 |
11,520,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B42758078 |
|
5 |
10351964 |
18/03/2012 |
4,050,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B38302618 |
|
6 |
10350667 |
03/03/2012 |
12,240,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B37859634 |
|
7 |
10251417 |
29/10/2010 |
1,149,000,000.00 |
STATE BANK OF INDIA |
GIRIDIH BAZAR BRANCH, WHITTY BAZAR, GIRIDIH - 815301, JHARKHAND, INDIA |
A99365926 |
|
8 |
10169494 |
12/03/2012 * |
3,411,900,000.00 |
STATE BANK OF INDIA |
SME BRANCH, WHITTY BAZAR, GIRIDIH - 815301, JHARKHAND, INDIA |
B73906372 |
|
9 |
10116804 |
05/08/2008 |
160,000,000.00 |
INDIAN BANK |
STRAND ROAD BRANCH, 3A, HARE STREET, KOLKATA - 700001, WEST BENGAL, INDIA |
A43110808 |
|
10 |
10117474 |
01/07/2008 |
160,000,000.00 |
STATE BANK OF PATIALA |
PATNA BRANCH, BARI
PATH, OPPOSITE HATHUA MARKET, |
A43816024 |
|
11 |
10107368 |
23/07/2013 * |
380,000,000.00 |
PUNJAB NATIONAL BANK |
BISTUPUR BRANCH, RAM MANDIR AREA, BISTUPUR, JAMSHEDPUR - 831001, JHARKHAND, INDIA |
B84676162 |
|
12 |
90264023 |
13/08/2010 * |
1,643,000,000.00 |
STATE BANK OF INDIA |
GIRIDIH BAZAR BRANCH, WHITTY BAZAR, GIRIDIH - 815301, JHARKHAND, INDIA |
A95886255 |
* Date of charge modification
NOTE:
The Registered office of the company has been
shifted from, 20-B, Abdul Hamid Street, 7th Floor, Block-7-A,
Kolkata – 700069, West Bengal, India, to the present address w.e.f. 14.02.2013.
GENERAL INFORMATION
ABOUT COMPANY
Subject is an Integrated Iron and Steel Manufacturing Unit engaged in the production of Sponge Iron, Pig Iron, Sinter, Pellet etc. The registered office of the Company is in Kolkata (West Bengal) and having works at Giridih (Jharkhand).
FIXED ASSETS
· Land
· Building
· Factory Building
· Plant and Machinery
· Furniture and Fixtures
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.61.92 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.