MIRA INFORM REPORT
|
Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA COKE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Old Railway “B” Siding, Near Krishna Timber, Indira Gandhi Marg,
Jamnagar-361001, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.06.2000 |
|
|
|
|
Com. Reg. No.: |
04-038141 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 505.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201GJ2000PTC038141 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTA00965G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA3029Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Coke. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Scorpio Energy Resources Private Limited.”
It is an established company having moderate track record. Management has failed to file the latest financials of F.Y. 2013, with
the government department. As per available financials. The company has
reported an acceptable net profitability with the help of which it is
gradually wiping off its accumulated losses during 2013. The ratings also take into consideration a healthy capital structure
and timely infusion of funds from the part of the promoters as capital. Trade relations appear to be fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings with some caution.
|
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 – December 1, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts
from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central
Bureau of Investigation will look into allegations that over $80 million was
paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to
find a solution for problems with state-owned Air India’s 787 Dreamliners. The
aircraft has experienced a series of malfunctions since its debut in 2011.
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 : |
Ms. Moumita |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-33-24851697 |
|
Date : |
08.04.2014 |
LOCATIONS
|
Registered Office : |
Old Railway “B” Siding, Near Krishna Timber, Indira Gandhi Marg,
Jamnagar-361001, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
85A, Sarat Bose Road, Flat 3A and B, 3rd Floor, Near Sishu
Mangal Hospital, Kolkata-700026, West Bengal, India |
|
Tel. No.: |
91-33-24851697 |
|
|
|
|
Factory : |
Survey No.14, Village-Chopadva, Taluka Bhachau, District, Kutch
Gujarat, India |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Santosh Kumar Awasthi |
|
Designation : |
Director |
|
Address : |
5B, Rawdon Treel, Kolkata-700017, West Bengal, India |
|
Date of Appointment : |
10.06.2010 |
|
Date of Cessation : |
22.01.2014 |
|
DIN No.: |
00661971 |
|
|
|
|
Name : |
Mr. Mahendra Thacker |
|
Designation : |
Director |
|
Address : |
201-Bhardwaj, Saptrishi Park, Sapna NAgari, Mulund-West,
Mumbai-400080, Maharashtra, India |
|
Date of Appointment : |
10.06.2010 |
|
Date of Cessation : |
22.01.2014 |
|
DIN No.: |
02905694 |
|
|
|
|
Name : |
Mr. Ashish Bajaj |
|
Designation : |
Director |
|
Address : |
Salti Plaza, Naya Patty, Sector-V, Saltlake, Kolkata-700091, West
Bengal, India |
|
Date of Appointment : |
07.08.2010 |
|
Date of Cessation : |
22.01.2014 |
|
DIN No.: |
01106520 |
|
|
|
|
Name : |
Mr. Kalatila Ullatil Sivadas |
|
Designation : |
Director |
|
Address : |
Old No.6, New No.11, 1st Lane, Prakasa Mudali Street,
Chennai-600017, Tamilnadu, India |
|
Date of Birth : |
16.02.1940 |
|
Date of Appointment : |
24.03.2012 |
|
DIN No.: |
00498594 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25209TN1995PLC032408 |
STT LIMITED |
Director |
18/01/2006 |
18/01/2006 |
- |
Active |
NO |
|
2 |
U40106TN2008PTC067781 |
CLARION WIND
FARM PRIVATE LIMITED |
Director |
28/08/2009 |
13/06/2008 |
25/09/2009 |
Active |
NO |
|
3 |
U40109TN2008PTC068602 |
ALPHA WIND FARM
PRIVATE LIMITED |
Additional
director |
19/07/2011 |
13/08/2008 |
- |
Active |
NO |
|
4 |
U74999TN2008PTC069405 |
PREMIER COOLING TOWER
PRIVATE LIMITED |
Additional
director |
20/10/2008 |
20/10/2008 |
- |
Strike off |
NO |
|
5 |
U72200TN2000PTC044549 |
BLACKSTONE GROUP
TECHNOLOGIES PRIVATE LIMITED |
Director |
28/11/2008 |
28/11/2008 |
- |
Active |
NO |
|
6 |
U74899DL1974PTC007533 |
CHEMPROJECT
CONSULTING PRIVATE LIMITED |
Director |
07/03/2009 |
07/03/2009 |
- |
Active |
NO |
|
7 |
U28900TN2008PTC068103 |
SHRIRAM
COMPOSITES PRIVATE LIMITED |
Director |
26/03/2009 |
26/03/2009 |
- |
Active |
NO |
|
8 |
U29120TN2002PTC049213 |
GEOMETRIC
ENGINEERING CONSTRUCTION PRIVATE LIMITED |
Director |
27/04/2009 |
27/04/2009 |
- |
Active |
NO |
|
9 |
U40105TN1997PTC037351 |
WINTRONIC INDIA
PRIVATE LIMITED |
Director |
10/05/2009 |
10/05/2009 |
- |
Strike off |
NO |
|
10 |
U29309TN1989PTC017819 |
GLOBAL POWERTECH
EQUIPMENTS PRIVATE LIMITED |
Director |
11/05/2009 |
11/05/2009 |
- |
Active |
NO |
|
11 |
U40102TN2009PLC072518 |
ORIENT ECO
ENERGY LIMITED |
Director |
07/08/2009 |
07/08/2009 |
03/08/2010 |
Active |
NO |
|
12 |
U40107TN2007PTC062310 |
SHRIRAM POWERGEN
PRIVATE LIMITED |
Additional
director |
08/08/2009 |
08/08/2009 |
25/05/2011 |
Active |
NO |
|
13 |
U15421TN2004PTC094307 |
SANJOG SUGARS
AND ECO-POWER PRIVATE LIMITED |
Additional
director |
17/08/2009 |
17/08/2009 |
23/08/2009 |
Active |
NO |
|
14 |
U40107TN2007PTC063261 |
SHRIRAM NON
CONVENTIONAL ENERGY PRIVATE LIMITED |
Additional
director |
03/11/2009 |
03/11/2009 |
30/05/2011 |
Active |
NO |
|
15 |
U40101TN2008PTC093051 |
ORIENT GREEN POWER
COMPANY (RAJASTHAN) PRIVATE LIMITED |
Director |
02/12/2009 |
02/12/2009 |
- |
Active |
NO |
|
16 |
U40102TN2009PTC073976 |
GAMMA GREEN
POWER PRIVATE LIMITED |
Director |
30/08/2011 |
17/12/2009 |
- |
Active |
NO |
|
17 |
U40102TN2010PLC074580 |
GAYATRI GREEN
POWER LIMITED |
Director |
11/02/2010 |
11/02/2010 |
- |
Active |
NO |
|
18 |
U93000TN2010PTC074778 |
THETA MANAGEMENT
CONSULTANCY PRIVATE LIMITED |
Director |
03/03/2010 |
03/03/2010 |
24/11/2010 |
Active |
NO |
|
19 |
U15541TN2004PTC054260 |
HALDIA COKE AND
CHEMICALS PRIVATE LIMITED |
Director |
30/09/2013 |
21/05/2010 |
- |
Active |
NO |
|
20 |
U24110TN2010PTC075816 |
BLACKGOLD
CHEMICALS PRIVATE LIMITED |
Director |
25/05/2010 |
25/05/2010 |
- |
Amalgamated |
NO |
|
21 |
U90002TN2001PTC076734 |
AMRIT
ENVIRONMENTAL TECHNOLOGIES PRIVATE LIMITED |
Additional
director |
23/12/2010 |
23/12/2010 |
28/05/2011 |
Active |
NO |
|
22 |
U31200TN2000PTC076915 |
S.M.
ENVIRONMENTAL TECHNOLOGIES PRIVATE LIMITED |
Additional
director |
23/12/2010 |
23/12/2010 |
27/05/2011 |
Active |
NO |
|
23 |
U40108TN2010PLC077073 |
BETA SOLAR POWER
LIMITED |
Additional
director |
20/04/2011 |
20/04/2011 |
- |
Strike off |
NO |
|
24 |
U40102TN2009PLC074012 |
SANRAA GLOBAL
GREEN ENERGY LIMITED |
Additional
director |
12/10/2011 |
12/10/2011 |
22/08/2013 |
Active |
NO |
|
25 |
U40104TN2012PLC083988 |
SPARK
ENVIRONMENTAL TECHNOLOGY LIMITED |
Additional
director |
04/02/2012 |
04/02/2012 |
31/03/2012 |
Active |
NO |
|
26 |
U23201GJ2000PTC038141 |
ADITYA COKE
PRIVATE LIMITED |
Additional
director |
24/03/2012 |
24/03/2012 |
- |
Active |
NO |
|
27 |
U23101OR2004PTC007613 |
MAHALA COKE
PRODUCTS PRIVATE LIMITED |
Additional
director |
24/03/2012 |
24/03/2012 |
- |
Active |
NO |
|
28 |
U23200TN2012PLC085299 |
ASIA COKE
LIMITED |
Director |
04/04/2012 |
04/04/2012 |
- |
Active |
NO |
|
29 |
U40300TN2012PTC087744 |
HEXA WIND FARM
PRIVATE LIMITED |
Director |
20/09/2012 |
20/09/2012 |
- |
Active |
NO |
|
30 |
U23109WB2004PLC100467 |
WELLMAN COKE
INDIA LIMITED |
Director |
30/09/2013 |
18/01/2013 |
- |
Active |
NO |
|
31 |
L65921TN1985PLC070358 |
ENNORE COKE
LIMITED |
Director |
20/09/2013 |
30/01/2013 |
- |
Active |
NO |
|
32 |
U40102TN2001PTC072123 |
P S R GREEN
POWER PROJECTS PRIVATE LIMITED |
Additional
director |
27/12/2013 |
27/12/2013 |
- |
Active |
NO |
|
Name : |
Vani Narayanan |
|
Designation : |
Director |
|
Address : |
B-10, Flat No.6, 16th Cross Street, Besant Nagar,
Chennai-600090, Tamilnadu, India |
|
Date of Birth : |
02.10.1957 |
|
Date of Appointment : |
22.01.2014 |
|
DIN No.: |
00083202 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U67120PY1995PLC001172 |
PIONEER ASIA
FINANCIAL SERVICES LIMITED |
Director |
04/08/2005 |
04/08/2005 |
- |
Active |
NO |
|
2 |
U73100TN1998PTC041127 |
AEC BUSINESS
SCHOOL PRIVATE LIMITED |
Director |
23/11/2005 |
23/11/2005 |
- |
Active |
NO |
|
3 |
U65990AP1995PTC020505 |
SHRIRAM OVERSEAS
INVESTMENTS PRIVATE LIMITED |
Director |
28/06/2008 |
10/09/2007 |
- |
Active |
NO |
|
4 |
U40109KA1998PLC052000 |
SJK POWERGEN
LIMITED |
Director |
29/09/2008 |
18/03/2008 |
22/05/2009 |
Active |
NO |
|
5 |
U67190TN2008PLC067747 |
SHRIRAM WEALTH
ADVISORS LIMITED |
Director |
23/10/2009 |
23/06/2008 |
07/02/2012 |
Active |
NO |
|
6 |
U40102TN2008PLC068581 |
SHRIRAM
INFRASTRUCTURE AND POWER LIMITED |
Director |
15/07/2008 |
15/07/2008 |
- |
Amalgamated |
NO |
|
7 |
U45200TN2009PTC070834 |
SHRIRAM AUTOMALL
LAND HOLDINGS PRIVATE LIMITED |
Director |
26/02/2009 |
26/02/2009 |
- |
Active |
NO |
|
8 |
U65923TN2009PLC071236 |
SHRIRAM
INVESTMENT HOLDINGS LIMITED |
Director |
30/09/2010 |
24/05/2010 |
- |
Active |
NO |
|
9 |
U15142TN1988PLC016142 |
OMAYAL AGRO
INDUSTRIES LIMITED |
Additional
director |
27/05/2010 |
27/05/2010 |
- |
Active |
NO |
|
10 |
U27203TN1993PLC026218 |
SKI RETAIL
CAPITAL LIMITED |
Director |
30/09/2011 |
30/03/2011 |
15/10/2011 |
Active |
NO |
|
11 |
U72900TN2011PTC081677 |
S10 TECHNOLOGIES
PRIVATE LIMITED |
Director |
27/07/2011 |
27/07/2011 |
31/07/2013 |
Active |
NO |
|
12 |
U23201GJ2000PTC038141 |
ADITYA COKE
PRIVATE LIMITED |
Director |
22/01/2014 |
22/01/2014 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Moumita |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Scorpio Energy Resources Private
Limited, India |
19,999,999 |
100.00 |
|
Muthurathinam Vanijiappan |
1 |
0.00 |
|
TOTAL |
20,000,000 |
100.00 |
AS ON 20.07.2011
|
Name
of Allottees |
No.
of Shares |
|
Scorpio Energy Resources
Private Limited, India |
30,500,000 |
|
TOTAL |
30,500,000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Coke. |
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
Others |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Prakash Patwari and Company Chartered Accountant |
|
Address : |
9/12, Lal Bazar Street, 3rd Floor, Block-B, Mercantile
Building, India |
|
PAN No.: |
AAJFA9517B |
|
|
|
|
Holding Company : |
Scorpio Energy
Resources Private Limited CIN No.:- U23109TN2009PTC072132 |
|
|
|
|
Other Related Parties : |
Ennore Coke Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50500000 |
Equity Shares |
Rs.10/- each |
Rs. 505.000
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 |
|
505.000 |
200.000 |
|
(b) Reserves & Surplus |
|
(3.367) |
(11.225) |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
2.300 |
131.057 |
|
Total
Shareholders’ Funds (1) + (2) |
|
503.933 |
319.832 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
126.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.684 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
130.684 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
1.566 |
|
(b) Trade payables |
|
2506.662 |
1079.357 |
|
(c) Other current liabilities |
|
52.547 |
1.214 |
|
(d) Short-term provisions |
|
1.372 |
4.200 |
|
Total
Current Liabilities (4) |
|
2560.581 |
1086.337 |
|
|
|
|
|
|
TOTAL |
|
3195.198 |
1406.169 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
446.020 |
466.975 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
4.417 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.455 |
4.300 |
|
(d) Long-term Loan and
Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
3.425 |
2.699 |
|
Total
Non-Current Assets |
|
450.900 |
478.391 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
530.910 |
25.758 |
|
(c) Trade receivables |
|
1986.923 |
863.703 |
|
(d) Cash and cash equivalents |
|
74.718 |
1.394 |
|
(e) Short-term loans and
advances |
|
93.331 |
11.485 |
|
(f) Other current assets |
|
58.416 |
25.438 |
|
Total
Current Assets |
|
2744.298 |
927.778 |
|
|
|
|
|
|
TOTAL |
|
3195.198 |
1406.169 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
60.000 |
|
|
3] Reserves & Surplus |
|
|
(31.077) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
43.923 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
52.119 |
|
|
TOTAL BORROWING |
|
|
52.119 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
96.042 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
267.207 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
13.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
56.520 |
|
|
Sundry Debtors |
|
|
4.989 |
|
|
Cash & Bank Balances |
|
|
8.112 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
5.381 |
|
Total
Current Assets |
|
|
75.002 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
255.751 |
|
|
Other Current Liabilities |
|
|
2.986 |
|
|
Provisions |
|
|
0.430 |
|
Total
Current Liabilities |
|
|
259.167 |
|
|
Net Current Assets |
|
|
(184.165) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
96.042 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
1387.348 |
5.747 |
|
|
Other Income |
NA |
46.253 |
8.282 |
|
|
TOTAL
|
NA |
1,433.601 |
14.029 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
NA |
1344.768 |
13.127 |
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
TOTAL
|
NA |
1,344.768 |
13.127 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
NA |
88.833 |
0.902 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
0.055 |
5.360 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
88.778 |
(4.458) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
NA |
56.026 |
10.427 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7.051 |
32.752 |
(14.885) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(0.807) |
12.900 |
(12.490) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
7.858 |
19.852 |
(2.395) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
(11.225) |
(31.077) |
(28.682) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
(3.367) |
(11.225) |
(31.077) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.16 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
1.38 |
(17.07) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
2.36 |
(259.00) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.22 |
2.34 |
(4.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.10 |
(0.34) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.25 |
0.00 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
0.85 |
0.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
200.000 |
505.000 |
|
Reserves & Surplus |
(11.225) |
(3.367) |
|
Net
worth |
188.775 |
501.633 |
|
|
|
|
|
long-term borrowings |
0.000 |
126.000 |
|
Short term borrowings |
1.566 |
0.000 |
|
Total
borrowings |
1.566 |
126.000 |
|
Debt/Equity
ratio |
0.008 |
0.251 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
5.747 |
1,387.348 |
|
|
|
24,040.386 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
|
|
(INR) |
(INR) |
|
Sales |
5.747 |
1,387.348 |
|
Profit |
(2.395) |
19.852 |
|
|
(41.67)% |
1.43% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loans and advances from directors |
0.000 |
0.929 |
|
|
|
|
|
TOTAL |
0.000 |
0.929 |
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10285687 |
29/03/2013 * |
503,800,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, KOLKATA, SAMRIDDHI
BHAVAN, BLOCK |
B75812396 |
|
* Date of charge modification |
||||||
COMPANY OVERVIEW
Subject is a
Company registered under the Companies Act 1956 and is engaged in the business
of Manufacturing and Trading of Metallurgical Coke. The Company has its own
Coke Oven Plant at Chopadva, Bhachau, Kutchh, Gujarat having an installed
capacity of 125000 TPA.
FIXED ASSETS
- Land and Building
- Furniture and Fixtures
- Office Equipments
- Motor Vehicles
- 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. 59.94 |
|
|
1 |
Rs. 99.35 |
|
Euro |
1 |
Rs. 82.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
31 |
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.