1. Summary Information
|
Country |
|
||
|
Company Name |
KYORI OREMIN LIMITED |
Principal Name 1 |
MR. ISHOO NARANG |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. RUDRARAJU SRINIVAS SHAH |
|
Registration # |
|
||
|
Street Address |
4TH FLOOR, “MY HOME JUPALLY”, GREEN LANDS, AMEERPET, |
||
|
Established Date |
14.09.2007 |
SIC Code |
-- |
|
Telephone# |
91-40-30582324 |
Business Style 1 |
TRADER |
|
Fax # |
91-40-30584466 |
Business Style 2 |
IMPORTER |
|
Homepage |
Product Name 1 |
COAL |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.220,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-88.86% OTHER
TOP FIFTY SHAREHOLDERS-11.14% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
6 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
WHOLLY - OWNED SUBSIDIARY |
-- |
PT KOL Resources |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,905,754,000 |
Current Liabilities |
2,277,619,000 |
|
Inventories |
524,018,000 |
Long-term Liabilities |
526,802,000 |
|
Fixed Assets |
25,815,000 |
Other Liabilities |
66,767,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,871,188,000 |
|
Invest& other Assets |
13,838,000 |
Retained Earnings |
378,237,000 |
|
|
|
Net Worth |
598,237,000 |
|
Total Assets |
3,469,425,000 |
Total Liab. & Equity |
3,469,425,00 |
|
Total Assets (Previous Year) |
2,618,051,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
8,603,612,000 |
Net Profit |
173,089,000 |
|
Sales(Previous yr)/ Total Income |
5,350,920,000 |
Net Profit(Prev.yr) |
127,505,000 |
|
Report Date : |
31.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
KYORI OREMIN LIMITED |
|
|
|
|
Registered Office
: |
4th Floor, “My Home Jupally”, Green Lands, Ameerpet, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.2007 |
|
|
|
|
Com. Reg. No.: |
01-055522 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.220.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13209AP2007PLC055522 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK1617K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading and Mining of Coal. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2393000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover and profit of the company appears to be fair. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered 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) |
|
|
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 finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in
Analysts believe the
shutdown of the
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
21.12.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
21.12.2012 |
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/ Corporate Office
: |
4th Floor, “My Home Jupally”, Green Lands, Ameerpet, |
|
Tel. No.: |
91-40-30582324 |
|
Fax No.: |
91-40-30584466 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
408, 4th Floor, Sri Krishna, New Link Road, Opposite Fun
Republic, Andheri, Mumbai, Maharashtra India |
|
Tel. No.: |
91-22-42951835 |
|
Fax No.: |
91-22-42642133 |
|
|
|
|
Overseas Office : |
PT. KOL
Resources Wisma Nusantara, 26th Floor Jl. M.H. Thamrin 59, |
|
Tel. No.: |
+62 21 392 5657 |
|
Fax No.: |
+62 21 392 5526 |
|
E-Mail : |
DIRECTORS
AS ON 07.08.2013
|
Name : |
Mr. Ishoo Narang |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
411, Vayu Block,
My Home Navadweepa, Madhapur, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1970 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00459544 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAUPN9082B |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rudraraju Srinivas Shah |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.9, Road
No.9, Jubilee Hills, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.09.1969 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00314352 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFCPR1979L |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Chandulal Patel |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
202 Pancharatna Apartments, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.03.1967 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00459484 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAOPP2359P |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Durga Tekumalla |
|
Designation : |
Secretary |
|
Date of Appointment : |
09.03.2012 |
|
PAN No.: |
AGBPT8874C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ishoo Narang |
|
7491600 |
|
Chandulal Patel |
|
4566500 |
|
Rudraraju Srinivas Shah |
|
7491500 |
|
Monika Narang |
|
100 |
|
V.S. Narang |
|
100 |
|
D. Vinod Kumar |
|
100 |
|
Vijay Patel |
|
100 |
|
Yunus Zia |
|
1875000 |
|
IBC Knowledge Park Private Limited |
|
575000 |
|
Total
|
|
22000000 |
AS ON 07.08.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
88.86 |
|
Other
top fifty shareholders |
|
11.14 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Mining of Coal. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijendra Tiwari and Company Chartered Accountants |
|
Address : |
Flat No.103, 5-1-562/2, Dwaraka Complex, |
|
Tel. No.: |
91-40-24615990 |
|
Mobile No.: |
91-9440404543 |
|
E-Mail : |
|
|
PAN No.: |
AAKFV3590L |
|
|
|
|
Wholly - Owned
Subsidiary: |
PT KOL Resources |
CAPITAL STRUCTURE
AS ON 07.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
22000000 |
Equity Shares |
Rs.10/- each
|
Rs.220.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
220.000 |
160.000 |
|
(b) Reserves & Surplus |
|
378.237 |
205.148 |
|
(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) |
|
598.237 |
365.148 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.546 |
0.461 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
100.000 |
100.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
100.546 |
100.461 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
526.256 |
355.297 |
|
(b)
Trade payables |
|
2079.429 |
1658.597 |
|
(c)
Other current liabilities |
|
98.190 |
87.590 |
|
(d)
Short-term provisions |
|
66.767 |
50.958 |
|
Total
Current Liabilities (4) |
|
2770.642 |
2152.442 |
|
|
|
|
|
|
TOTAL |
|
3469.425 |
2618.051 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
22.874 |
19.866 |
|
(ii)
Intangible Assets |
|
2.941 |
1.754 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
13.838 |
13.832 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
39.653 |
35.452 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
524.018 |
583.330 |
|
(c)
Trade receivables |
|
2400.882 |
1398.322 |
|
(d)
Cash and cash equivalents |
|
226.853 |
188.381 |
|
(e)
Short-term loans and advances |
|
278.019 |
412.566 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
3429.772 |
2582.599 |
|
|
|
|
|
|
TOTAL |
|
3469.425 |
2618.051 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
130.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
77.643 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
207.643 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
405.816 |
|
|
2] Unsecured Loans |
|
|
6.000 |
|
|
TOTAL BORROWING |
|
|
411.816 |
|
|
DEFERRED TAX LIABILITIES |
|
|
60.056 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
679.515 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.881 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
12.880 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
41.011
|
|
|
Sundry Debtors |
|
|
834.939
|
|
|
Cash & Bank Balances |
|
|
127.886
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
134.376
|
|
Total
Current Assets |
|
|
1138.212 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
413.605
|
|
|
Other Current Liabilities |
|
|
3.706
|
|
|
Provisions |
|
|
60.147
|
|
Total
Current Liabilities |
|
|
477.458 |
|
|
Net Current Assets |
|
|
660.754
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
679.515 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
8603.612 |
5350.920 |
|
|
|
Other Income |
|
5.193 |
22.243 |
|
|
|
TOTAL (A) |
|
8608.805 |
5373.163 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
7886.738 |
5407.355 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
|
59.312 |
(542.319) |
|
|
|
Employee benefit expense |
|
60.479 |
40.792 |
|
|
|
Other expenses |
|
74.021 |
67.238 |
|
|
|
Exceptional items |
|
0.000 |
0.109 |
|
|
|
TOTAL (B) |
|
8080.550 |
4973.175 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
528.255 |
399.988 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
258.432 |
203.288 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
269.823 |
196.700 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.205 |
1.171 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
266.618 |
195.529 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
93.529 |
68.024 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
173.089 |
127.505 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
USD
775135 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
7.87 |
7.97 |
|
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
2392.981 |
|
|
|
Other Income |
|
|
15.625 |
|
|
|
TOTAL |
|
|
2408.606 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
1950.112 |
|
|
|
Manufacturing service costs |
|
|
253.940 |
|
|
|
Employee related expenses |
|
|
17.239 |
|
|
|
Administrative selling other expenses |
|
|
54.074 |
|
|
|
TOTAL |
|
|
2275.365 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION & PRIOR PERIOD ITEMS |
|
|
133.241 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
45.484 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION & PRIOR PERIOD ITEMS |
|
|
87.757 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.759 |
|
|
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD ITEMS
BEFORE TAX |
|
|
0.348 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
87.346 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
31.732 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
55.614 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
|
22.029 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
77.643 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
4.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.01 |
2.37
|
2.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.10 |
3.65
|
3.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.72 |
7.51
|
7.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45 |
0.54
|
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.88 |
0.97
|
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.20
|
2.38
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Other loans and advances |
0.546 |
0.461 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
8.484 |
10.042 |
|
Loans and advances from directors |
6.000 |
6.000 |
|
Other loans and advances |
40.000 |
63.700 |
|
Total
|
55.030 |
80.203 |
INDEX OF CHARGES:
|
S. No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10426335 |
12/04/2013 |
200,000,000.00 |
BANK
OF |
H.NO
6-2-938 AND 939, FIRST FLOOR, |
B75347955 |
|
2 |
10351577 |
31/03/2012 |
600,000,000.00 |
CENTRAL
BANK OF INDIA LIMITED |
CHANDERMUKHI,
NIRMAN POINT, MUMBAI, MAHARASHTRA - |
B38162871 |
|
3 |
10318105 |
07/10/2011 |
290,000,000.00 |
ICICI
BANK LIMITED |
|
B25459413 |
|
4 |
10282662 |
28/08/2013
* |
818,700,000.00 |
BANK
OF |
3-6-262/2,
TIRUMALA ESTATES, 1ST FLOOR, HIMAYATHNAGAR, |
B85000537 |
|
5 |
10090816 |
07/10/2010
* |
1,067,000,000.00 |
STATE
BANK OF |
INDUSTRIAL
FINANCE BRANCH, RAJ |
A97444392 |
* Date of charge modification
Note:
The registered office of the company has been shifted from 'D' Block, 2nd
Floor, 105, Surya Towers, S.P. Road, Secunderabad – 500 003, Andhra Pradesh to
the present address w.e.f. 21.06.2010.
OPERATING RESULTS:
The Company during
the financial year 2012-13 has made turnover of Rs.8757.245 millions compared
with the previous year figure of Rs.5437.601 millions. The Company during the
financial year 2012-13 has made net profit of Rs.173.089 millions compared with
previous year net profit of Rs.127.505 millions.
MANAGEMENT
DISCUSSION AND ANALYSIS
COAL IMPORT
Coal is the most
important and abundant fossil fuel in
Coal traders said
they expect thermal coal shipments to rise further to 115 million-120 million
tonnes in the year to March 2014 on growing demand.
Coal imports in
March rose 29% from a year earlier to 11.4 million tonnes, of which thermal
coal shipments accounted for nearly 80%, the data showed.
In contrast to
this slow progress, the government recently announced plans for the
second-phase of the electricity crash programme, with another 11,000MW capacity
planned (of which 7,000 MW coal-fired). This project may face similar issues as
existing projects and therefore, a delay in completion (from the original
target of 2018) is likely. Infrastructure development is in fast pace in
KOL AND
COMPETITORS
There are many
established players in
MAJOR COAL
EXPORTING COUNTRIES TO
South Africa: Over
the years SA Coal has become preferred coal for cement Industry due to its high
CV and high ash, low moisture contain presently SA coal meet out 75% of total
requirement of Cement Industry.
STRATEGY TO
DEVELOP THE BUSINESS
Company is working
on the strategy to develop its market share in the Indian coal industry and is
aim to became on of the major force in the country. With the proper utilization
of resources, human capital and opportunity exist around company aims to became
a reliable fuel supply partner of the industry. During the process it has started
operations in various cities of country, deployed experience human capital,
consolidating it’s supply base in
The work of survey
and exploration for acquiring mines in
FIXED ASSETS:
Tangible Assets
·
Computer and Peripherals
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
Intangible assets
·
Computer Software
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 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] 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.61.49 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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 |
-- |