MIRA INFORM REPORT
|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LAFARGE INDIA PRIVATE LIMITED (w.e.f. 25.05.1999) |
|
|
|
|
Formerly Known
As : |
INFRA CEMENT |
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|
Registered
Office : |
Crescenzo, ‘B’ Wing, 10th Floor, C-38 and C-39, “G” Block,
Bandra-Kurla Complex, Bandra, (East), Mumbai – 400 051, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.02.1999 |
|
|
|
|
Com. Reg. No.: |
11-118229 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3923.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26940MH1999PTC118229 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML03158B/ MUML03220A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4159L/ AAACL5103G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Cements, Ordinary Portland Cements and Portland Pozzolana
Cements. |
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|
|
|
No. of Employees
: |
Information declined by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 106500000 |
|
|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having fine track. Overall financial position of the company appears to be strong and
healthy. Rating also reflects dominant position in cement market in eastern
India. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. 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 |
|
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 – AA |
|
Rating Explanation |
High credit quality and low credit risk. |
|
Date |
13.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating – A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk |
|
Date |
13.08.2013 |
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Subodh Ambekar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66306511 |
|
Date : |
27.06.2014 |
LOCATIONS
|
Registered/ Head Office : |
Crescenzo, ‘B’ Wing, 10th Floor, C-38 and C-39, “G” Block,
Bandra-Kurla Complex, Bandra, (East), Mumbai – 400 051, Maharashtra,
India |
|
Tel. No.: |
91-22-67692530/ 66306510/ 11/ 61202633 |
|
Fax No.: |
91-22-67692572/ 66306510/ 67692572 |
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E-Mail : |
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|
Website : |
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|
|
Regional Operations Office – East |
Block D, 4th Floor, 22, Camac Street, Kolkata – 700016, West Bengal,
India |
|
Tel No.: |
91-33-39832100 |
|
Fax No.: |
91-33-39832133 |
|
|
|
|
Factory : |
Located at: ·
Sonadih, District Raipur, Chhattisgarh ·
Jojobera, District Singhbhum, Jharkhand ·
Arasmeta District Janjir – Champa, Chhattisgarh ·
Mejia District Bankura, West Bengal |
|
|
|
|
Regional Sales Office : |
Locate at: ·
West Bengal ·
Chhattisgarh ·
Jharkhand ·
Bihar ·
Orissa ·
North East |
DIRECTORS
AS ON: 13.09.2012
|
Name : |
Mr. Uday Chander Khanna |
|
Designation : |
Director |
|
Address : |
Centrum Towers, Flat 182, Centrum Co-Operative, Society Limited,
Barkat Ali Road, Wadala, Mumbai – 40037, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1949 |
|
Date of Appointment : |
18.08.2011 |
|
PAN No.: |
AFEPK7061E |
|
DIN No.: |
00079129 |
|
|
|
|
Name : |
Mr. Ujjwal Batria |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 302, 3rd
Floor, Wilnomona B/62, Pali Hill, Nargis Dutt Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
24.12.1963 |
|
Date of Appointment : |
16.11.2010 |
|
PAN No.: |
AGLPB2907Q |
|
DIN No.: |
01737515 |
|
|
|
|
Name : |
Mr. Thomas Gerard Farrell |
|
Designation : |
Director |
|
Address : |
03 Rue Paul
Ollendorff, Saint Cloud, Frnace 92210, France |
|
Date of Birth/Age : |
07.05.2012 |
|
Date of Appointment : |
13.09.2013 |
|
DIN No.: |
05298234 |
|
|
|
|
Name : |
Mr. Jean Desazars De Mantgailhard |
|
Designation : |
Director |
|
Address : |
17, Boulevard, Delessert 75016, Paris, France |
|
Date of Birth/Age : |
26.07.1953 |
|
Date of Appointment : |
17.09.1999 |
|
DIN No.: |
00067288 |
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|
|
|
Name : |
Mr. Martin Kreigner |
|
Designation : |
Director |
|
Address : |
No.7 Jalan Balau Damansara Heights 50490 Kuala Lampar, Malaysia |
|
Date of Birth/Age : |
06.09.1961 |
|
Date of Appointment : |
07.03.2002 |
|
DIN No.: |
00077715 |
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|
|
|
Name : |
Mrs. Renu Sud Karnad |
|
Designation : |
Additional Director |
|
Address : |
BB-14, Greater Kailash, Enclave-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
03.09.1952 |
|
Date of Appointment : |
17.08.2011 |
|
PAN No.: |
AAEPK2992H |
|
DIN No.: |
00008064 |
|
|
|
|
Name : |
Mr. Vinayak Chatterjee |
|
Designation : |
Additional Director |
|
Address : |
E-2278, Palam Vihar, Gurgaon – 122 017, Haryana, India |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
17.08.2011 |
|
PAN No.: |
AABPC2139H |
|
DIN No.: |
00008933 |
|
|
|
|
Name : |
Mrs. Indu Ranjit Shahani |
|
Designation : |
Director |
|
Address : |
Flat 56, Hill Park, A G Bell Raod, Malabar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1951 |
|
Date of Appointment : |
13.09.2012 |
|
DIN No.: |
00112289 |
KEY EXECUTIVES
|
Name : |
Mrs. Rubi Chaturvedi |
|
Designation : |
Secretary |
|
Address : |
Aishwarya Tower,
3rd Floor, Flat No. 12, CST Road, Kalina, Santacluz (E), Mumbai - 400098,
Maharashtra, India |
|
Date of Birth/Age : |
03.03.1981 |
|
Date of Appointment : |
21.09.2011 |
|
PAN No.: |
AITPC4586A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 13.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
|
|
392363001 |
|
Societe Financiere Immobiliere et |
|
1 |
|
|
|
|
|
Total |
|
392363002 |
AS ON: 15.07.2013
|
Names of Allottees |
|
No. of Allottees |
|
|
|
|
|
Lafarge India Private Limited |
|
64049776 |
|
|
|
|
|
Total |
|
64049776 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 13.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cements, Ordinary Portland Cements and Portland
Pozzolana Cements. |
||||
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|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Cement |
Metric Tonnes |
NA |
6550000 |
6780078 |
Licensed capacity per
annum not indicated due to abolition of Industrial Licences as per notification
no. 477(E) dated July 25, 1991 issued under Industries (Development and
Regulation), Act, 1951.
*As certified by
the management and relied upon by the Auditors.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
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Bankers : |
· State Bank of India, Cag Branch, Neville House, J.N. Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
22, Camac Street, 3rd Floor, Block "C", Kolkata – 700016, West Bengal, India |
|
PAN No.: |
ABSFS4151K |
|
|
|
|
Ultimate Holding Company (As on 31.03.2011): |
· Lafarge SA |
|
|
|
|
Holding Company (As on 31.03.2011): |
· Financiere Lafarge |
|
|
|
|
Subsidiaries (As on 31.03.2011): |
·
LI Eastern Private Limited , India (CIN:
U26942ML2006PTC008200) ·
LI Cement Private Limited ·
Arasmeta Coal Mining Company Private Limited |
|
|
|
|
Fellow Subsidiaries (As on 31.03.2011): |
·
Lafarge North America Corporate ·
PT Semen Andalas Indonesia ·
Lafarge Umium Mining Private Limited ·
Lafarge Asia Sdn Bhd ·
Lafarge Surma ·
Lafarge Cement Joint Venture Company, Vietnam ·
Lafarge Cement Services (Philippines) Inc. ·
Iligan Cement Corporation, Philippines ·
Lafarge Canada Inc. ·
Lafarge Boral Gypsum India Private Limited ·
Lafarge-Aggregates and Concrete India Private
Limited, India (CIN: U74900MH2007PTC175495) ·
Centre Technique Inter-Unites Du Groupe Lafarge ·
Lafarge Cement Zambia, Plc. ·
Lafarge International Services Singapore Pte
Limited ·
Lafarge Beiging Representative office ·
Lafarge A and C Malaysia ·
Lafarge Kenya ·
Cementia Trading AG ·
Heracles Cement Company Limited · AshakaCem PLC · Lafarge Mahaweli Cement (Private) Limited · Lafarge Cement Technical Center Vienna Gmbh · Lafarge Middle East Africa Building Materials · Bamburi Cement Limited · Lafarge Perlmooser, Gmbh · Lafarge Shui On (Beijing) Technical Services Company Limited ·
Lafarge Zement, Germany |
|
|
|
|
Associate (As on 31.03.2011): |
· Arasmeta Captive Power Company Private Limited India (CIN: U40101AP2004PTC061239) |
CAPITAL STRUCTURE
AS ON: 05.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000000 |
Equity Shares |
Rs.10/- each |
Rs.20000.000 millions |
|
1000000000 |
Equity Shares |
Rs.10/- each |
Rs.10000.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.30000.000
millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
456412778 |
Equity Shares |
Rs.10/- each |
Rs.4564.128
millions |
|
|
|
|
|
AS ON: 31.03.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000000 |
Equity Shares |
Rs.10/- each |
Rs.20000.000 millions |
|
1000000000 |
Equity Shares |
Rs.10/- each |
Rs.10000.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.30000.000
millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
392363002 |
Equity Shares |
Rs.10/- each |
Rs.3923.630
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 |
3923.600 |
3923.600 |
3923.600 |
|
(b) Reserves & Surplus |
22711.400 |
17505.700 |
14423.100 |
|
(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) |
26635.000 |
21429.300 |
18346.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
5000.000 |
4059.200 |
6484.000 |
|
(b) Deferred tax
liabilities (Net) |
2545.000 |
2355.500 |
1722.000 |
|
(c)
Other long term liabilities |
2431.800 |
2348.100 |
2349.100 |
|
(d)
long-term provisions |
234.700 |
149.000 |
147.700 |
|
Total
Non-current Liabilities (3) |
10211.500 |
8911.800 |
10702.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2004.500 |
3240.000 |
9.200 |
|
(b)
Trade payables |
3394.300 |
2734.500 |
2042.500 |
|
(c)
Other current liabilities |
8616.200 |
7031.900 |
2883.700 |
|
(d)
Short-term provisions |
1044.300 |
795.200 |
655.900 |
|
Total
Current Liabilities (4) |
15059.300 |
13801.600 |
5591.300 |
|
|
|
|
|
|
TOTAL |
51905.800 |
44142.700 |
34640.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
18785.400 |
18466.500 |
14758.100 |
|
(ii)
Intangible Assets |
1495.500 |
1561.900 |
1613.200 |
|
(iii)
Capital work-in-progress |
13668.400 |
7683.100 |
5953.100 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
2847.400 |
2850.200 |
337.000 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1680.600 |
4056.200 |
3477.100 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
38477.300 |
34617.900 |
26138.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
2097.600 |
|
(b)
Inventories |
2551.300 |
2030.600 |
1659.500 |
|
(c)
Trade receivables |
2234.800 |
1465.800 |
1174.600 |
|
(d)
Cash and cash equivalents |
3420.700 |
2184.900 |
1249.500 |
|
(e)
Short-term loans and advances |
5215.800 |
3839.900 |
2319.000 |
|
(f)
Other current assets |
5.900 |
3.600 |
2.100 |
|
Total
Current Assets |
13428.500 |
9524.800 |
8502.300 |
|
|
|
|
|
|
TOTAL |
51905.800 |
44142.700 |
34640.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
32160.000 |
27020.000 |
25850.000 |
|
|
|
Other Income |
970.000 |
760.000 |
690.000 |
|
|
|
TOTAL (A) |
33130.000 |
27780.000 |
26540.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
23160.000 |
20350.000 |
18400.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9970.000 |
7430.000 |
8140.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
710.000 |
890.000 |
760.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9260.000 |
6540.000 |
7380.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1320.000 |
1260.000 |
1140.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7940.000 |
5280.000 |
6240.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2770.000 |
2100.000 |
2110.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5170.000 |
3180.000 |
4130.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.18 |
8.12 |
0.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
15.61 |
11.45 |
15.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.69 |
19.54 |
24.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.44 |
15.71 |
22.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.25 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26 |
0.34 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.69 |
1.52 |
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 |
3923.600 |
3923.600 |
3923.600 |
|
Reserves & Surplus |
14423.100 |
17505.700 |
22711.400 |
|
Net worth |
18346.700 |
21429.300 |
26635.000 |
|
|
|
|
|
|
long-term borrowings |
6484.000 |
4059.200 |
5000.000 |
|
Short term borrowings |
9.200 |
3240.000 |
2004.500 |
|
Total borrowings |
6493.200 |
7299.200 |
7004.500 |
|
Debt/Equity ratio |
0.354 |
0.341 |
0.263 |
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 |
25,850.000 |
27,020.000 |
32,160.000 |
|
|
|
4.526 |
19.023 |
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 |
25,850.000 |
27,020.000 |
32,160.000 |
|
Profit |
4,130.000 |
3,180.000 |
5,170.000 |
|
|
15.98% |
11.77% |
16.08% |
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 |
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short term
borrowings |
|
|
|
Loans repayable on demand |
1240.000 |
3240.000 |
|
|
|
|
|
Total |
1240.000 |
3240.000 |
PERFORMANCE REVIEW:
The Company has produced 6,842 KT of Cement as against 6,849 KT in the previous year. The sales volume remained flat at 6,824 KT during the year as against 6,842 KT during the previous year. The Company’s Net Revenue from Operations recorded a growth of 19% to Rs.32160.000 millions during the year as against Rs.27020.000 millions during the previous year. The EBIDTA has increased by 34% to Rs.9970.000 millions during the year. Despite, the tough environment, the increase in EBIDTA is on account of better cost and better product mix management.
OUTLOOK:
Indian economy grew slower at around 5% during the year as against 6.2% in the previous year on account of low growth in the industrial sector due to various factors such as low consumption/demand, high interest rates, high inflation and downturn in infrastructure investments.
The economy is expected to grow at the same rate during the current year although some recent policy announcements on the part of the Government is expected to result in some improvement in the overall business climate.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10442527 |
06/08/2013 |
6,000,000,000.00 |
STATE BANK OF INDIA |
CAG BRANCH, NEVILLE HOUSE, J.N. HEREDIA MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B81924466 |
|
2 |
10428678 |
02/05/2013 |
5,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARG, |
B75949453 |
|
3 |
10082386 |
04/01/2008 |
5,518,926,000.00 |
IL AND FS TRUST COMPANY LIMITED |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
A29356888 |
|
4 |
90225382 |
15/02/2005 |
50,000,000.00 |
BNP PARIDAD |
FRENCH BANK BUILDING, 62 HOMJI STREET, MOMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
5 |
90225336 |
15/07/2004 * |
600,000,000.00 |
STANDARD CHARTERED BANK |
23/25 MAHATMA GANDHI ROAD, MOMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
6 |
90225192 |
19/08/2002 * |
100,000.00 |
INFRASTUCTURE LEASING AND FINANCIAL SERVICES LIMITED |
MHINDRA TOWER 4TH
FLOOR, BM BHOSALE MRAG, MOMBAI, |
- |
|
7 |
90223323 |
19/02/2002 |
250,000,000.00 |
STANDARD CHARTERED BANK |
23-25;MAHATAMA GANDHI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
8 |
90225137 |
24/04/2005 * |
10,000,000.00 |
DEUTSCHE BANK AG |
DEUTSCHE BANK HOUSE, HAZARIMAN SOMANL MARG, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
9 |
90226736 |
18/04/2001 * |
2,500,000,000.00 |
DEUTSCHE BANK AG |
DEUTSCHE BANK HOUSE
HAZARIMAN SOMANI MARG, FORT, |
A00523126 |
|
10 |
90225064 |
26/04/2002 * |
100,000.00 |
INFRASTRUCTURE LAASING AND FINANCIAL SERCES LIMITED |
MAHINDRA TOWERS 4
FLOOR, GM BHOSSCE MARG, MOMBAI, |
- |
|
11 |
90223076 |
27/10/1999 |
375,000,000.00 |
STATE BANK OF INDIA |
CAG BRANCH;AT KILLICK HOUSE ;CHARANJIT RAO MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
12 |
90225041 |
19/02/2005 * |
375,000,000.00 |
THE STATE BNK OF INDIA |
CAGBRANCH KILLICK HOUSE, CHARANJIT RAI NARG, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
13 |
90225038 |
15/02/2005 * |
100,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPRATION LIMITED |
52/60 MAHATAMA
GANDHI ROAD, MOMBAI, MAHARASHTRA - |
- |
* Date of charge modification
FIXED ASSETS
·
Goodwill
·
Land
·
Quarry Development
·
Building and Roads
·
Plant and Machinery
·
Railway sidings and
Locomotives
·
Furniture Fixtures and
office Equipment
·
Vehicles
LATEST NEWS
DATE 28.08.2013
LAFARGE INDIA OFFERS
INNOVATIVE PRODUCTS AND SOLUTIONS FOR ITS CUSTOMERS
Lafarge, world leader in building materials, today introduced two
innovative construction products ArteviaTM and Concrete
Master with Lafarge India brand ambassador Mahendra Singh Dhoni.
With a commitment to ‘Building better cities', Lafarge is focused on
helping people access better quality construction in India at a cost they can
afford, through Lafarge's innovative products and solutions.
Seeing believes! ArteviaTM by Lafarge is a collection
of Decorative Concretes for indoor and outdoor usage that combines
‘freedom of design' with low maintenance and durability. ArteviaTM offers
great looks and outstanding performance. ArteviaTM is
much more than just another concrete; it is a stunningly beautiful design
material that keeps all the advantages of concrete: it is hard wearing and long
lasting and available in an array of amazing colours, patterns and textures.
Artevia's subtle designs bring any location to life with vibrant colours and realistic
textures. Suitable for home owners, architects and landscapers,
Artevia's exciting patterns and textures offer unrestricted creativity for
any project and can be used to make a variety of flooring used for kitchens,
terraces, pool sides, garden paths and can be even applied to walls. Like any
concrete, it can be molded when fresh or pounded like a stone when hardened.
ArteviaTM is the perfect match for any environment. Combine it
with brick, metal, wood or glass for a wealth of unbelievable possibilities.
ArteviaTM is laid following strict guidelines. It involves
technical knowledge and skills that only a professional can acquire. Lafarge
provides the material and the installation service with professional
applicators trained by global experts.
Concrete Master, a unique offering, enables customers to order Readymix
concrete in small quantities and allows up to four hours of workability before
initial setting. This simplifies the entire construction process in congested
neighborhoods by offering an efficient on-site delivery of ready to use
concrete and mortar in 30 kg reinforced bags. This benefits contractors and
masons who work in congested areas where ready mix concrete transit mixers
cannot reach, and allows construction to be made with quality products of
Lafarge.
Reiterating Lafarge's commitment to Building Better Cities, Martin
Kriegner, Country CEO, Lafarge Indiasaid "Lafarge
is committed to delivering unique products and solutions for ‘Building
better cities' in India. ArteviaTM, a range of decorative
concrete that enables architects to combine freedom of design with durability,
will play an important role in encouraging the combination of innovation,
performance and architectural expertise to create visually beautiful
structures. I am delighted to introduce ‘Concrete Master', a solution
to create quality construction in congested areas, in a safe and practical
manner".
The ArteviaTM range is about playing with colours and textures and unleashing your imagination. As part of Lafarge's commitment to build more beautiful cities, Lafarge India announced IMAGINART, a competition for architects to explore their creative side and show how they have used ArteviaTM to create innovative and dynamic designs for construction. Participants may submit their entries by November 2013. The winning projects will be judged on the best use of colour and creativity in designs by an expert panel comprising of eminent Indian architects.
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.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
66 |
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.