MIRA
INFORM REPORT
|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARADEEP PHOSPHATES LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Orissa State, Handloom Weavers, Cooperative Building,
Pandit J. N Marg, Bhubaneswar – 751001, Orissa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.12.1981 |
|
|
|
|
Com. Reg. No.: |
15-001020 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5754.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129OR1981PLC001020 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP3276D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Di-ammonium Phosphate and Complex
Fertilizers of NPK Grades. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 46000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Zuari Maroc Phosphates Limited”. It is a well-established company having a satisfactory track record. The company gets strong managerial and financial support from Holding
Company. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The company can be considered for normal business 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based, Long term facilities : BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
July 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund based, Short term facilities : A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
July 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.
LOCATIONS
|
Registered/ Corporate Office : |
5th Floor, Orissa State, Handloom Weavers, Cooperative
Building, Pandit J. N Marg, Bhubaneswar – 751001, Orissa, India |
|
Tel. No.: |
91-674-2393931 / 2391669 |
|
Fax No.: |
91-674-2392631/ 2391669/ 2394987/ 2398392 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
PPL Township, Paradeep – 754145, Orissa, India |
|
Tel. No.: |
91-6722-229600 |
|
Fax No.: |
91-6722-229625/ 229605 |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Located at: · Andhra Pradesh · Bihar · Chattisgarh · Jharkhand · Madhya Pradesh · Maharashtra · Nashik · Orissa · Siliguri · Uttar Pradesh (Central) · Uttar Pradesh (East) · Uttar Pradesh (West) · Vijayawada · West Bengal |
DIRECTORS
As On 20.09.2013
|
Name : |
Mr. Harbachan Singh Bawa |
|
Designation : |
Chairman |
|
Address : |
B – 3, Maharani Bagh, New Delhi – 110065, India |
|
Date of Birth/Age : |
20.03.1931 |
|
Qualification : |
Master Degree in
Chemical Engineering (USA) |
|
Date of Appointment : |
28.02.2002 |
|
Voter ID No.: |
DL/02/006/156567 |
|
DIN No.: |
00244222 |
|
|
|
|
Name : |
Mr. Sharachchandra Shrikrishna Nandurdikar |
|
Designation : |
Managing director |
|
Address : |
49/2, Friends Colony (East), Mathura Road, Delhi – 110065, India |
|
Date of Birth/Age : |
09.09.1945 |
|
Qualification : |
(1) B. Tech. in Mechanical
Engineering from IIT, Mumbai (2) P.G Diploma
in Industrial Management from Bajaj Institute of Management, Mumbai. |
|
Date of Appointment : |
01.09.2004 |
|
PAN No.: |
AAQPN5214K |
|
DIN No.: |
00148427 |
|
|
|
|
Name : |
Mr. Akshay Poddar |
|
Designation : |
Nominee director |
|
Address : |
Poddar Niket 2, Gurusaday Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
20.07.1976 |
|
Qualification : |
Honours Graduate
in Accounting & Finance, London School of Economics and Political
Science, London. |
|
Date of Appointment : |
28.02.2002 |
|
Voter ID No.: |
DWK1135508 |
|
DIN No.: |
00008686 |
|
|
|
|
Name : |
Mr. Marco Philippus Ardeshir Wadia |
|
Designation : |
Nominee director |
|
Address : |
Thakur Nivas 1763, Jamshedj Tata Road, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
30.01.1956 |
|
Qualification : |
B.A (Hons.), LL.B |
|
Date of Appointment : |
21.03.2006 |
|
DIN No.: |
00244357 |
|
|
|
|
Name : |
Mr. Mohamed Ibnabdeljalil |
|
Designation : |
Nominee director |
|
Address : |
Romandie 2 Tour Koweit No. 82, BD Biranzarane Casablance, Morocco |
|
Date of Birth/Age : |
12.09.1964 |
|
Date of Appointment : |
20.12.2006 |
|
DIN No.: |
00965743 |
|
|
|
|
Name : |
Mr. Youssef El Bari |
|
Designation : |
Nominee director |
|
Address : |
No. 170, Rue Kourtobahay, Andalouss, Temara, Morocco |
|
Date of Birth/Age : |
10.07.1977 |
|
Qualification : |
( 1 ) Ecole
Polytechnic (2) Master in
Finance |
|
Date of Appointment : |
19.02.2010 |
|
DIN No.: |
03012930 |
|
|
|
|
Name : |
Mr. Hassan Hamri |
|
Designation : |
Nominee director |
|
Address : |
BD Bir Anzarane Apartment, 161, Res Youssoufia Maarif Casablanca
Morocco |
|
Date of Birth/Age : |
01.11.1965 |
|
Date of Appointment : |
12.06.2012 |
|
DIN No.: |
05301038 |
|
|
|
|
Name : |
Mr. Neeraj Singhal |
|
Designation : |
Nominee director |
|
Address : |
7/8, Block-A, Multi Storied Flats Peshwa Road, New Delhi – 110001,
India |
|
Date of Birth/Age : |
02.10.1969 |
|
Date of Appointment : |
26.07.2012 |
|
Voter ID No.: |
SJE0037572 |
|
DIN No.: |
05334230 |
|
|
|
|
|
|
|
Name : |
Mr. Vikram Rana Singh |
|
Designation : |
Nominee director |
|
Address : |
F – 246, Vivek Vihar, Alwar, Jodhpur – 340002, Rajasthan, India |
|
Date of Birth/Age : |
22.09.1971 |
|
Date of Appointment : |
29.04.2013 |
|
DIN No.: |
06569690 |
KEY EXECUTIVES
|
Name : |
Mr. Damodar Mishra |
|
Designation : |
Secretary |
|
Address : |
VI-M-839, H. B. Colony Sailashree Vihar Chandrasekharpur, Bhubaneswar,
Khurda - 751021, Orissa, India |
|
Date of Birth/Age : |
06.07.1968 |
|
Date of Appointment : |
22.04.1997 |
|
PAN No.: |
ABKPM7438B |
|
Voter ID No.: |
OR/09/050/073392 |
MAJOR SHAREHOLDERS
As On 20.09.2013
|
Name
of Shareholders |
|
No.
of Shares |
|
|
|
1,124,879 |
|
|
|
4,629,600 |
|
Zuari Maroc Phosphates Limited – India, Nandurdikar
Shrikrisha |
|
1 |
|
Zurari Maroc Phosphates Limited – India, jalkissan Bhawan |
|
1 |
|
Zurari Maroc Phosphates Limited – India, Parija
Satchikanta |
|
1 |
|
Zurari Maroc Phosphates Limited – India, Mishra Damodar |
|
1 |
|
Zurari Maroc Phosphates Limited – India, Patil R. Y |
|
1 |
|
Zurari Maroc Phosphates Limited – India, Krishnan Suresh |
|
1 |
|
Mukesh Bhardwaj |
|
2 |
|
Zurari Maroc Phosphates Limited – India, Das Suvendu |
|
1 |
|
|
|
1 |
|
Zurari Maroc Phosphates Limited – India, Sunil Gupta |
|
1 |
|
Suresh Chandra Gupta |
|
1 |
|
|
|
2 |
|
Sahu Bairagi P. |
|
2 |
|
Zurari Maroc Phosphates
Limited – India, Ravindraraju Satyanarayana Danthuluri |
|
1 |
|
Kulwant Rana |
|
2 |
|
Dhananjay Prasad Srivastava |
|
1 |
|
P. K. Tripthi |
|
1 |
|
Total |
|
5,754,500 |
As On 20.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Government [Central and State] |
|
19.55 |
|
Bodies
corporate |
|
80.45 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Di-ammonium Phosphate and Complex
Fertilizers of NPK Grades. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, IDCO
Bhawan, Unit – II, Ashok Nagar, Bhubaneswar – 751009, Orissa, India ·
Syndicate Bank, Vani Vihar Branch, B-61, Sahid Nagar,
Bhubaneswar – 751007, Orissa, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
NOTES: Long term Borrowings: First pari-passu
with the mortgages and charges created in respect of immovable properties and
movable properties and Second pari passu with the charges created in respect
of current assets. |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi
and Company Chartered Accountants |
|
Address : |
22, Camac
Street, Block-C, 3rd Floor Kolkata – 700016, West Bengal, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding Company
: |
Zuari Maroc Phosphates Limited [U24124OR2002PLC017414] |
|
|
|
|
Other Related Parties : |
·
Maroc Phosphore, SA, Morocco ·
Indo Maroc Phosphore SA, Morocco ·
OCP, Morocco ·
Bunge Maroc Phosphore ·
Phosphates De Boucraa SA ·
Zuari Global Limited ·
Zuari Agro Chemicals Limited
[U65910GA2009PLC006177] ·
Simon India Limited [U74899DL1995PLC071074] ·
Zuari Seeds Limited [U01122GA1995PLC001751] ·
Style Spa Furniture Limited
[U36101TN1998PLC039842] ·
Indian Furniture Products Limited
[U72200GA2000PLC002922] ·
Zuari Infraworld India Limited
[U45309KA2007PLC043161] ·
Zuari Management Services Limited
[U74900GA2006PLC004921] ·
Zuari Insurance Brokers Limited
[U66010GA2003PLC003185] ·
Zuari Fertilisers and Chemicals Limited
[U24120GA2009PLC006158] |
CAPITAL STRUCTURE
As On 20.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs. 1000/- each |
Rs. 8000.000 Millions |
|
2000000 |
Preference Shares |
Rs. 1000/- each |
Rs. 2000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 10000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5754500 |
Equity Shares |
Rs. 1000/- each |
Rs. 5754.500
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 |
5754.500 |
5754.500 |
5754.500 |
|
(b) Reserves & Surplus |
5663.006 |
4627.083 |
2849.958 |
|
(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) |
11417.506 |
10381.583 |
8604.458 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1087.786 |
0.000 |
1041.621 |
|
(b) Deferred tax liabilities
(Net) |
63.886 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
15.187 |
12.927 |
10.325 |
|
(d) long-term provisions |
432.182 |
336.924 |
168.555 |
|
Total
Non-current Liabilities (3) |
1599.041 |
349.851 |
1220.501 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
28845.763 |
11335.156 |
9523.777 |
|
(b) Trade payables |
1583.863 |
6037.359 |
1962.734 |
|
(c) Other current liabilities |
1579.561 |
1527.662 |
1619.969 |
|
(d) Short-term provisions |
439.382 |
724.632 |
830.605 |
|
Total
Current Liabilities (4) |
32448.569 |
19624.809 |
13937.085 |
|
|
|
|
|
|
TOTAL |
45465.116 |
30356.243 |
23762.044 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2961.378 |
2380.700 |
2279.701 |
|
(ii) Intangible Assets |
12.117 |
17.693 |
7.334 |
|
(iii) Capital work-in-progress |
762.299 |
546.871 |
147.532 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
275.605 |
203.689 |
|
(d) Long-term Loan and Advances |
1144.578 |
159.831 |
162.627 |
|
(e) Other Non-current assets |
136.815 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5017.187 |
3380.700 |
2800.883 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.530 |
|
(b) Inventories |
6847.637 |
6753.257 |
5002.274 |
|
(c) Trade receivables |
27655.077 |
15505.950 |
5176.390 |
|
(d) Cash and cash equivalents |
1056.024 |
34.874 |
6279.112 |
|
(e) Short-term loans and
advances |
356.333 |
506.617 |
253.537 |
|
(f) Other current assets |
4532.858 |
4174.845 |
4249.318 |
|
Total
Current Assets |
40447.929 |
26975.543 |
20961.161 |
|
|
|
|
|
|
TOTAL |
45465.116 |
30356.243 |
23762.044 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
52726.094 |
47260.753 |
35053.498 |
|
|
Other Income |
745.630 |
443.779 |
1142.256 |
|
|
TOTAL
(A) |
53471.724 |
47704.532 |
36195.754 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
23925.551 |
25587.423 |
22094.173 |
|
|
Purchases of Stock-in-Trade |
18204.547 |
14776.308 |
6416.521 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
640.959 |
(2257.762) |
(1072.566) |
|
|
Employees benefits expense |
900.339 |
729.480 |
746.150 |
|
|
Other expenses |
6527.891 |
5204.771 |
4326.380 |
|
|
Prior Period Items |
0.000 |
0.000 |
(0.768) |
|
|
TOTAL
(B) |
50199.287 |
44040.220 |
32509.890 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
3272.437 |
3664.312 |
3685.864 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1694.512 |
827.252 |
1047.049 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1577.925 |
2837.060 |
2638.815 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
260.503 |
244.484 |
247.001 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1317.422 |
2592.576 |
2391.814 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
281.499 |
815.451 |
620.984 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
1035.923 |
1777.125 |
1770.830 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
4627.083 |
2849.958 |
1079.128 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
5663.006
|
4627.083 |
2849.958 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
39455.803 |
36913.453 |
26917.129 |
|
|
Components and Stores parts |
35.999 |
36.888 |
101.102 |
|
|
Capital Goods |
151.124 |
31.442 |
1.714 |
|
|
TOTAL
IMPORTS |
39642.926 |
36981.783 |
27019.945 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
180.02 |
308.82 |
307.73 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.94 |
3.73 |
4.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.50 |
5.49 |
6.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.95 |
8.78 |
10.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.25 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.62 |
1.09 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.37 |
1.50 |
Debt/Equity ratio
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5,754.500 |
5,754.500 |
5,754.500 |
|
Reserves & Surplus |
2,849.958 |
4,627.083 |
5,663.006 |
|
Net
worth |
8,604.458 |
10,381.583 |
11,417.506 |
|
|
|
|
|
|
long-term borrowings |
1,041.621 |
0.000 |
1,087.786 |
|
Short term borrowings |
9,523.777 |
11,335.156 |
28,845.763 |
|
Total
borrowings |
10,565.398 |
11,335.156 |
29,933.549 |
|
Debt/Equity
ratio |
1.228 |
1.092 |
2.622 |
Year on Year Growth
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
35053.498 |
47260.753 |
52726.094 |
|
|
|
34.825 |
11.564 |
Net Profit Margin
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
35053.498 |
47260.753 |
52726.094 |
|
Profit |
1770.830 |
1777.125 |
1035.923 |
|
|
5.05% |
3.76% |
1.96% |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10452989 |
17/09/2013 |
1,910,000,000.00 |
SYNDICATE BANK |
VANI VIHAR
BRANCH, B-61, SAHEED NAGAR, BHUBANESWAR, ORISSA - 751007, INDIA |
B86628492 |
|
2 |
10414615 |
12/03/2013 |
6,950,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, IDCO BHAWAN, UNIT - II, ASHOK NAGAR, BHUBANESWAR, ORISSA -
751009, INDIA |
B71751630 |
|
3 |
10362915 |
27/06/2012 |
2,850,000,000.00 |
INTERNATIONAL
FINANCE CORPORATION (IFC) |
3RD & 4TH
FLOOR, MARUTI SUZUKI BUILDING,, PLOT NO .1, NELSON MANDELA ROAD, VASANT
KUNJ,, NEW DELHI, DELHI - 110070, INDIA |
B42576900 |
|
4 |
10359557 |
18/05/2012 |
23,700,000,000.00 |
SYNDICATE BANK
(LEAD BANK OF THE CONSORTIUM) |
VANI VIHAR
BRANCH, B-61, SAHEED NAGAR, BHUBANESWAR, ORISSA - 751007, INDIA |
B41176298 |
|
5 |
90078815 |
29/10/1986 |
102,500,000.00 |
BANK OF INDIA |
NEHRU PLACE, NEW
DELHI, DELHI - 110019, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Buildings
·
Residential building
·
Office building
·
Factory building
·
Other building
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Other equipments
·
Bridges roads ports
culverts
·
Railway sidings
·
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 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.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.