MIRA
INFORM REPORT
|
Report Date : |
22.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANGALA
ISPAT (JAIPUR) LIMITED |
|
|
|
|
Formerly Known
As : |
MANGALA
ROLLING MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-234, Road No.9, , V.K.I.
Area, Jaipur – 302 013, Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.06.1995 |
|
|
|
|
Com. Reg. No.: |
17-010259 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.896 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101RJ1995PLC010259 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRM03017A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM2067P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of TMT Bars and Angle/ Channels. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
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 1091000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. There is a dip in
profit of the company in the year 2013. However, overall financial position
of the company is decent. Trade relations
are reported to be fair. Business is active. Payments 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Naresh Parikh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-141-2331194 |
|
Date : |
05.04.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
B-234,
Road No.9, , V.K.I. Area, Jaipur – 302 013, Rajasthan, India |
|
Tel. No.: |
91-141-2332666/ 2331194/
2331308/ 2260483 |
|
Fax No.: |
91-141-2332667 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 2 : |
Unit II and Unit
III SP-187 and SP-188, RIICO Industrial Area, Phase-II, (Bagru Extension), Bagru, Jaipur – 303 007, Rajasthan, India |
|
Tel. No.: |
91-141-3101570 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sita Ram Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
F-10, Lalpuria Apartment, Sector-2, Vidhyadhar Nagar, Jaipur – 302
013, Rajasthan, India |
|
Date of Birth/Age : |
02.12.1958 |
|
Date of Appointment : |
23.06.1995 |
|
DIN No.: |
00947878 |
|
PAN No.: |
ABPPA5182M |
|
|
|
|
Name : |
Mr. Kailash Chand Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
G-6 and 7, Vijaybari, Path No.6, Sikar Road, Jaipur – 302 013,
Rajasthan, India |
|
Date of Birth/Age : |
18.01.1954 |
|
Date of Appointment : |
23.06.1995 |
|
DIN No.: |
00947942 |
|
PAN No.: |
ABPPA5364D |
|
|
|
|
Name : |
Mr. Rajendra Kumar Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
G-6 and 7, Vijaybari, Path No.6, Sikar Road, Jaipur – 302 013,
Rajasthan, India |
|
Date of Birth/Age : |
15.06.1965 |
|
Date of Appointment : |
01.07.1995 |
|
DIN No.: |
00947974 |
|
PAN No.: |
ABPPA5365C |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Parikh |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sita Ram Agarwal |
|
978200 |
|
Kailash Chand Agarwal |
|
921200 |
|
Rajendra Kumar Agarwal |
|
862200 |
|
Vinod Kumar Agarwal |
|
464335 |
|
Mangala Infin Limited, India |
|
1704000 |
|
Anguri Devi |
|
4900 |
|
Prem Agarwal |
|
14400 |
|
Sushila Agarwal |
|
5000 |
|
Anita Agarwal |
|
5000 |
|
Sunita Agarwal |
|
5000 |
|
Babita Agarwal |
|
5000 |
|
Vinita Agarwal |
|
5000 |
|
Vikas Agarwal |
|
3365 |
|
M.L. Agarwal |
|
2000 |
|
Satya Naryan Gupta |
|
5000 |
|
Suresh Gupta |
|
5000 |
|
Total
|
|
4989600 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
34.00 |
|
Directors
or relatives of directors |
|
66.00 |
|
Total |
|
100.00 |
%20LIMITED%20-%20261880%2022-Apr-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of TMT Bars and Angle/ Channels. |
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Products : |
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Imports : |
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Products : |
·
Scrap |
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Countries : |
·
Dubai ·
Africa |
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Terms : |
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Selling : |
L/C and Credit |
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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 : |
200 (Approximately) |
||||||||||||||||||||||||
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|
Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman
Point, Mumbai – 400 021, Maharashtra, India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India ·
HDFC Bank Limited, Vidhyadhar Nagar, Jaipur, Rajasthan, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
Term Loan: Rs.500.000 millions (From HDFC Bank Limited, Vidhyadhar Nagar
Branch)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta
Garg and Company Chartered Accountants |
|
Address : |
H-1/35, Ram Vihar
Building, IInd Floor, Inside Hotel Shaan, Opposite G.P.O., M.I. Road, Jaipur
– 302 001, Rajasthan, India |
|
PAN No.: |
AAAFG8508R |
|
|
|
|
Other Related Parties : |
·
Mangala Product Private Limited, India (CIN No.:
U28920RJ1999PTC015873) ·
Neeraj Steels, India ·
Vikram Enterprises, India ·
Mangala Enterprises |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4989600 |
Equity Shares |
Rs.10/- each
|
Rs.49.896
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.896 |
49.896 |
49.896 |
|
(b) Reserves & Surplus |
222.815 |
194.830 |
154.887 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
272.711 |
244.726 |
204.783 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
95.912 |
49.446 |
72.256 |
|
(b) Deferred tax liabilities (Net) |
26.647 |
26.386 |
22.330 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.920 |
0.617 |
0.000 |
|
Total Non-current
Liabilities (3) |
123.479 |
76.449 |
94.586 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
153.371 |
126.223 |
111.958 |
|
(b)
Trade payables |
168.819 |
173.660 |
77.892 |
|
(c)
Other current liabilities |
52.160 |
38.237 |
17.672 |
|
(d) Short-term
provisions |
13.760 |
2.374 |
7.117 |
|
Total Current
Liabilities (4) |
388.110 |
340.494 |
214.639 |
|
|
|
|
|
|
TOTAL |
784.300 |
661.669 |
514.008 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
236.643 |
245.474 |
242.967 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
95.973 |
12.275 |
11.893 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.445 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
20.199 |
12.424 |
9.424 |
|
(e) Other
Non-current assets |
0.713 |
1.220 |
1.728 |
|
Total Non-Current
Assets |
353.973 |
271.393 |
266.012 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
4.137 |
1.834 |
0.987 |
|
(b)
Inventories |
245.580 |
235.002 |
149.346 |
|
(c)
Trade receivables |
121.880 |
95.443 |
58.608 |
|
(d) Cash
and cash equivalents |
8.007 |
3.320 |
1.652 |
|
(e)
Short-term loans and advances |
50.723 |
54.677 |
37.403 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
430.327 |
390.276 |
247.996 |
|
|
|
|
|
|
TOTAL |
784.300 |
661.669 |
514.008 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operations |
2689.566 |
2280.375 |
1738.353 |
|
|
|
Other Income |
2.888 |
1.754 |
3.730 |
|
|
|
TOTAL (A) |
2692.454 |
2282.129 |
1742.083 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of materials consumed |
2324.430 |
1998.174 |
1526.347 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
(34.656) |
(76.988) |
(42.063) |
|
|
|
Employee
benefit expense |
22.015 |
14.467 |
10.956 |
|
|
|
Other
expenses |
295.790 |
256.031 |
241.906 |
|
|
|
Exceptional
items |
0.378 |
0.000 |
0.211 |
|
|
|
TOTAL (B) |
2607.957 |
2191.684 |
1737.357 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
84.497 |
90.445 |
4.726 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.346 |
20.173 |
18.476 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.151 |
70.272 |
(13.750) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
24.841 |
26.272 |
26.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
35.310 |
44.000 |
(40.142) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.326 |
4.057 |
3.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
27.984 |
39.943 |
(43.508) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
60.640 |
20.697 |
64.205 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
88.624 |
60.640 |
20.697 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.61 |
8.01 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.04
|
1.75 |
(2.50) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.31
|
1.93 |
(2.31) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.13
|
6.78 |
(7.99) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.18 |
(0.20) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91
|
0.72 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.15 |
1.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
49.896 |
49.896 |
49.896 |
|
Reserves & Surplus |
154.887 |
194.830 |
222.815 |
|
Net worth |
204.783 |
244.726 |
272.711 |
|
|
|
|
|
|
Long-term borrowings |
72.256 |
49.446 |
95.912 |
|
Short term borrowings |
111.958 |
126.223 |
153.371 |
|
Total borrowings |
184.214 |
175.669 |
249.283 |
|
Debt/Equity ratio |
0.900 |
0.718 |
0.914 |
%20LIMITED%20-%20261880%2022-Apr-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
1738.353 |
2280.375 |
2689.566 |
|
|
|
31.180 |
17.944 |
%20LIMITED%20-%20261880%2022-Apr-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
1738.353 |
2280.375 |
2689.566 |
|
Profit |
(43.508) |
39.943 |
27.984 |
|
|
(2.50%) |
1.75% |
1.04% |
%20LIMITED%20-%20261880%2022-Apr-2014_files/image008.gif)
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 |
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 |
Yes |
|
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 |
No |
LITIGATION
DETAILS:
CASE PENDING
|
Date of query : 22/4/2014 |
Time : 10:49:36 AM |
|
ITA'734' of 2008 - R |
|
|
Petitioner : |
COMMISSIONER OF INCOME TAX JAI |
|
Respondent: |
MANGALA ISPAT (JAIPUR) LIMITED |
|
Petitioner Advocate: |
R B MATHUR |
|
Respondent Advocate: |
AJAY GUPTA |
|
Class Code : 1303 |
Registered on : 20/11/2008 |
|
Bench : DB |
Stage : DUE COURSE |
|
DATE GIVEN BY: PESHI CLERK DATE |
|
|
Date of Listing : 28/1/2014 |
|
|
Listed in court No. 2 on 05/08/2013 |
|
Inward No. not found.
|
Lower Court Details |
|
|||
|
Case No. |
Judgeship |
Place |
Court |
Decision Date |
|
COS-141/2006 |
JAIPUR METRO. |
JAIPUR |
INCOME TAX APPELLATE TRIBUNAL, JAIPUR |
9/6/2006 |
|
Case Detail have Match with this case |
|
|||
|
Case Type |
Number |
|
|
|
|
Paper Details |
|||
|
No. |
Type |
Date of filing |
|
|
2530/2014 |
POWER |
29/1/2014 |
|
|
COMMISSIONER OF INCOME TAX JAI VS MANGALA ISPAT (JAIPUR)
LIMITED |
AJAY GUPTA |
Court Fee : 2 |
|
|
16667/2013 |
PF+NOTICE |
22/8/2013 |
|
|
COMMISSIONER OF INCOME TAX JAI VS MANGALA ISPAT (JAIPUR)
LIMITED |
R B MATHUR |
Court Fee : 3 |
|
|
15690/2012 |
EXTRA SET |
9/5/2012 |
|
|
COMMISSIONER OF INCOME TAX JAI VS MANGALA ISPAT (JAIPUR)
LIMITED |
R B MATHUR |
Court Fee : |
|
|
34083/2008 |
PF+NOTICE+EXTRA |
15/12/2008 |
|
|
COMMISSIONER OF INCOME TAX JAI VS MANGALA ISPAT (JAIPUR)
LIMITED |
|
Court Fee : 3 |
|
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10438718 |
31/05/2013 |
20,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, NARIMAN BHAVAN, 227,
D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B80362981 |
|
2 |
10390868 |
30/10/2012 |
55,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B63691836 |
|
3 |
10257346 |
07/12/2010 * |
3,154,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B03214210 |
|
4 |
10257865 |
07/12/2010 * |
8,883,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B03213741 |
|
5 |
10257822 |
07/12/2010 * |
21,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B03214533 |
|
6 |
10257816 |
07/12/2010 * |
23,745,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B03214772 |
|
7 |
10257345 |
30/10/2012 * |
175,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B63791982 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Inter-corporate borrowings |
32.289 |
11.070 |
|
Loans and advances from directors (Unsecured loans from
directors and others are treated as payable beyond one year.) |
0.420 |
1.770 |
|
Other loans and advances |
0.393 |
1.048 |
|
Total
|
33.102 |
13.888 |
REVIEW OF PERFORMANCE:
The company recorded a
turnover of Rs.2692.454 millions as against the turnover of Rs.2282.123
millions in the previous year. The growth in the turnover can be attributed to higher
output and also the market phenomena of increase in price of iron and steel.
The decline in profit is attributed to the increased in Raw Material Cost.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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.60.34 |
|
UK Pound |
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--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.