MIRA INFORM REPORT
|
Report Date : |
24.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RASHMI METALIKS LIMITED |
|
|
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|
Formerly Known
As : |
RASHMI METALIKS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.01.2004 |
|
|
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Com. Reg. No.: |
21-097737 |
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Capital
Investment / Paid-up Capital : |
Rs. 418.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB2004PLC097737 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR06417F |
|
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|
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PAN No.: [Permanent Account No.] |
AACCR7183E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Pig Iron, Sinter, TMT,
Billets, Ductile Iron Pipe, Wire Rod, Sponge Iron and also engaged in Power
Generation. |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
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 |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Exist |
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Comments : |
Subject is a part of “Rashmi Group”. It is established company having
a satisfactory track record. The rating reflects enhanced financial performance with strong
business risk profile supported by adequate liquidity position and well
integrated business operations. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered normal 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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead Igate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca
for nearly $ 118 billion after the latter refused an offer of 55 pounds a
share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
16.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
16.01.2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Mehta |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9836874499 |
|
Date : |
23.07.2014 |
LOCATIONS
|
Registered Office/ Corporate Office : |
Premlata Building, 39, Shakespeare Sarani, 6th Floor,
Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-22894255/ 56 |
|
Mobile No.: |
91-9836874499 (Mr. Anil Mehta) |
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Fax No.: |
91-33-22894254 |
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E-Mail : |
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Website : |
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Area: |
5000 Sq ft |
|
Location: |
Rented |
|
|
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Factory 1 : |
Gokulpur, PO: Shyamraipur, District West Midanapore - 721304, West
Bengal, India |
|
Tel. No.: |
91-3222-2234533 |
|
Area: |
50 Acers |
|
Location: |
Owned |
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Factory 2 : |
Mathura Kismal, P. O. Shyam Raipur, District West Meidnapore, West Bengal, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Surendra Jha |
|
Designation : |
Director |
|
Address : |
Ward – 15, P.S., District – Midnapur, Jhargram – 721507, West Bengal,
India |
|
Date of Birth/Age : |
05.07.1953 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.01.2010 |
|
PAN No.: |
AKNPJ8666N |
|
DIN No.: |
02911139 |
|
|
|
|
Name : |
Mr. Salil Roy |
|
Designation : |
Director |
|
Address : |
Mauja – Bachhurdoba (Part) J.L. No. 394, 11 Part, Jhargram – 721507,
West Bengal, India |
|
Date of Birth/Age : |
10.11.1964 |
|
Date of Appointment : |
05.01.2012 |
|
DIN No.: |
03302526 |
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|
|
|
Name : |
Mr. Sanjay Kumar Patwari |
|
Designation : |
Additional Director |
|
Address : |
29.08.1979 |
|
Date of Birth/Age : |
P O. Jhargram, Jhargram, Midnapore – 721503, West Bengal, India |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06621247 |
KEY EXECUTIVES
|
Name : |
Mr. Lal Babu Chourasia |
|
Designation : |
Secretary |
|
Date of Appointment : |
31.08.2013 |
|
PAN NO.: |
AEOPC3358R |
|
|
|
|
Name : |
Mr. Anil Mehta |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
SHAREHOLDING DETAIL FILE ATTACHED
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.97 |
|
Directors or relatives of Directors |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Pig Iron, Sinter, TMT,
Billets, Ductile Iron Pipe, Wire Rod, Sponge Iron and also engaged in Power Generation. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Bangladesh ·
Nepal |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
South Africa ·
China ·
Dubai |
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Terms : |
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Selling : |
Cash, L/C, Cheque and Credit |
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Purchasing : |
Cash, L/C, Cheque and Credit |
GENERAL INFORMATION
|
No. of Employees : |
1500 (Approximately) |
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · State Bank of India (Security Trustee), Commercial Branch, Kolkata, 24, Park Street, Kolkata - 700016, West Bengal, India · Punjab National Bank · Corporation Bank · Bank of Baroda · State Bank of Mysore · Bank of Baroda · DBS Bank |
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Facilities : |
(Rs.
In Millions)
|
|
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Banking
Relations : |
--- |
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|
Auditors 1 : |
|
|
Name : |
SKV and Company Chartered Accountants |
|
Address : |
32, Ezra Street, Todi Corner, 8th floor, Room No – 807,
Kolkata, West Bengal, India |
|
PAN No.: |
ABWFS1414K |
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Auditors 2 : |
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|
Name : |
J. Choudhary and Company Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
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|
|
|
Enterprises over which Key Management Personnel
and / or their relatives have significant influence : |
· Rashmi Cement Limited [U14107WB1991PLC053043] · Bohra G and NN Brothers Private Limited [U67190WB1981PTC033517] · Rashmi Iron Industries Private Limited [U27102WB2004PTC100058] · Sursadhana Sponge and Ispat Private Limited [U27109WB2006PTC108858] · Orissa Metaliks Private Limited [U27109WB2006PTC111146] · Kalinga Metalics Limited [U27103WB2007PLC112959] · Rosemary Sponge and Ispat Private Limited [U27109WB2006PTC108848] · Orissa Khanij Private Limited [U27205WB2007PTC112958] · Image Vinimay Limited [U51109WB1993PLC060165] · Rashmi Infrastructure Private Limited [U70101WB2006PTC111143] · Rashmi Energy Limited [U23101WB2007PLC120701] · Rashmi Float Glass Limited [U26100WB2007PLC117705] · Guru Ganesh Finance (India) Limited [U6-5191WB1994PLC130344] · Consortium Enterprises Private Limited [U51909WB1995PTC070694] · Krish Vanijya Private Limited [U51109WB2007PTC113517] · Patwari and Sons |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital : Rs. 625.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.502.570 Millions
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41875023 |
Equity Shares |
Rs.10/- each |
Rs.418.750
Millions |
|
624977 |
unclassified shares |
Rs.10/- each |
Rs.6.250 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.425.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41875023 |
Equity Shares |
Rs.10/- each |
Rs.418.750
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 |
418.750 |
353.611 |
308.834 |
|
(b) Reserves & Surplus |
10471.630 |
8796.661 |
6517.788 |
|
(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) |
10890.380 |
9150.272 |
6826.622 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1243.939 |
1597.554 |
250.313 |
|
(b) Deferred tax liabilities (Net) |
544.800 |
397.657 |
256.800 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.964 |
6.195 |
7.363 |
|
Total Non-current Liabilities (3) |
1796.703 |
2001.406 |
514.476 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2225.843 |
1090.625 |
2218.960 |
|
(b) Trade payables |
751.811 |
1149.955 |
1031.160 |
|
(c) Other current
liabilities |
490.943 |
833.432 |
667.174 |
|
(d) Short-term provisions |
15.962 |
58.980 |
29.119 |
|
Total Current Liabilities (4) |
3484.559 |
3132.992 |
3946.413 |
|
|
|
|
|
|
TOTAL |
16171.642 |
14284.670 |
11287.511 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8052.932 |
4698.510 |
3318.321 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1349.580 |
4029.306 |
2494.045 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
25.536 |
25.536 |
25.536 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.00 |
|
(d) Long-term Loan and Advances |
374.718 |
419.919 |
467.988 |
|
(e) Other Non-current assets |
63.942 |
63.942 |
0.000 |
|
Total Non-Current Assets |
9866.708 |
9237.213 |
6305.890 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2749.033 |
2051.086 |
2129.100 |
|
(c) Trade receivables |
1784.167 |
1574.308 |
544.915 |
|
(d) Cash and cash
equivalents |
246.806 |
143.460 |
170.648 |
|
(e) Short-term loans and
advances |
1506.814 |
1265.375 |
1991.376 |
|
(f) Other current assets |
18.114 |
13.228 |
145.582 |
|
Total Current Assets |
6304.934 |
5047.457 |
4981.621 |
|
|
|
|
|
|
TOTAL |
16171.642 |
14284.670 |
11287.511 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11050.248 |
9997.322 |
14660.470 |
|
|
|
Other Income |
23.438 |
80.872 |
148.335 |
|
|
|
TOTAL (A) |
11073.686 |
10078.194 |
14808.805 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6315.870 |
6452.044 |
10106.329 |
|
|
|
Purchases of stock-in-trade |
951.603 |
895.940 |
663.166 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
5.974 |
(1.720) |
37.536 |
|
|
|
Employee benefit expense |
157.219 |
97.353 |
90.339 |
|
|
|
Other expenses |
2552.888 |
1806.441 |
2751.367 |
|
|
|
TOTAL (B) |
9983.554 |
9250.058 |
13648.737 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1090.132 |
828.136 |
1160.068 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
365.238 |
257.092 |
195.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
724.894 |
571.044 |
964.332 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
400.127 |
280.358 |
205.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
324.767 |
290.686 |
758.992 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
213.143 |
205.857 |
149.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
111.624 |
84.829 |
609.729 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
|
8428.824 |
|
|
TOTAL EARNINGS |
NA |
NA |
8428.824 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
499.591 |
|
|
|
Stores, Spares & Consumables |
|
|
4.907 |
|
|
|
Capital Goods |
|
|
706.179 |
|
|
|
Trading Goods |
|
|
202.957 |
|
|
TOTAL IMPORTS |
NA |
NA |
1413.634 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.16 |
2.75 |
21.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.01
|
0.84 |
4.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.94
|
2.91 |
5.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.19
|
2.84 |
8.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.03 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.32
|
0.29 |
0.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81
|
1.61 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
308.834 |
353.611 |
418.750 |
|
Reserves & Surplus |
6517.788 |
8796.661 |
10471.630 |
|
Net worth |
6826.622 |
9150.272 |
10890.380 |
|
|
|
|
|
|
long-term borrowings |
250.313 |
1597.554 |
1243.939 |
|
Short term borrowings |
2218.960 |
1090.625 |
2225.843 |
|
Total borrowings |
2469.273 |
2688.179 |
3469.782 |
|
Debt/Equity ratio |
0.362 |
0.294 |
0.319 |
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 |
14660.470 |
9997.322 |
11050.248 |
|
|
|
(31.808) |
10.532 |
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 |
14660.470 |
9997.322 |
11050.248 |
|
Profit |
609.729 |
84.829 |
111.624 |
|
|
4.16% |
0.85% |
1.01% |
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 |
Yes |
|
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 |
Yes |
LITIGATIONS DETAILS
CALCUTTA HIGH COURT
CASE STATUS INFORMATION SYSTEM
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Case Status : Pending |
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Status of TEMP A(1) (T) 9 of 2014 |
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SONEKO MARKETING PRIVATE LIMITED Vs. RASHMI METALIKS LIMITED |
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Pet's Adv. : JURIS CONSULTUS |
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Res's
Adv.
: |
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Category : MONEY CLAIMS/COMPENSATION/DAMAGES/MESNE PROFITS |
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Case Updated on: Friday, January 17, 2014 |
Note:
The Registered office of the company has been
shifted from 1 Garstin Place, Room No. 3B 3rd Floor, Kolkata –
700001, West Bengal, India to the present address w .e .f .24.08.2006
BUSINESS PERFORMANCE
During the Year Company has reported a Turnover of Rs. 11876.022 Millions and Earning before Interest. Tax and Depreciation stands on Rs. 1066.694 Millions. The Profit before Tax and after Tax remains Rs. 324.768 Millions and Rs 11162.400 Millions respectively.
Financial Year 20l2-2013 was a challenging year in which Global as well as Indian economy witnessed lower economic growth. Rising inflation, depreciating currency and rising cost of inputs were the buzz word during the year under Report. Despite these constraint and-challenges the company has manage growth of 32% in PAT since last financial year. Whereas the company’s Revenue from operations has increased from Rs.10477.740 Millions in 2011-12 to Rs 11876.022 Millions in 2012-2013, an increase of 13% due to sale of iron ore pellets.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
307.169 |
0.000 |
|
|
|
|
|
Total |
307.169 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10450552 |
20/09/2013 |
970,000,000.00 |
STATE BANK OF INDIA (SECURITY TRUSTEE) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B85554590 |
|
2 |
10307484 |
28/07/2011 |
480,000,000.00 |
DBS BANK LIMITED |
221, FORT HOUSE, 3RD FLOOR, D.N.ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B21084645 |
|
3 |
10305756 |
19/07/2011 |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, 44 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B20303194 |
|
4 |
10294481 |
04/06/2011 |
550,000,000.00 |
BANK OF BARODA |
INDIA EXCAHNGE BRANCH, 4, INDIA ECHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA |
B15941255 |
|
5 |
10256594 |
24/03/2011 * |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT
ROAD, WORLI, MUMBAI, MAHARASHTRA - |
B12482071 |
|
6 |
10231973 |
10/06/2010 |
300,000,000.00 |
CORPORATION BANK |
ARMENIAN STREET BRANCH, 17, BRABOURNE ROAD BRANCH, KOLKATA, WEST BENGAL - 700001, INDIA |
A90571910 |
|
7 |
10200394 |
30/12/2010 * |
4,098,200,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B03265709 |
|
8 |
10200393 |
19/01/2010 |
1,032,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A78739422 |
|
9 |
10148787 |
10/03/2009 |
100,000,000.00 |
STANDARD CHARTERED BANK |
19, N. S. ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
A58481128 |
|
10 |
10134088 |
08/12/2008 |
390,000,000.00 |
PUNJAB NATIONAL BANK |
SHAKESPEARE SARANI BRANCH, 52A, SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700017, INDIA |
A53037453 |
* Date of charge modification
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.60.18 |
|
|
1 |
Rs.102.68 |
|
Euro |
1 |
Rs.81.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.