MIRA
INFORM REPORT
|
Report Date : |
01.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN NEWS PRINT LIMITED |
|
|
|
|
Registered
Office : |
News Print Nagar, Mavelloorvaikom Taluk, Kottayam – 686 616, Kerala |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.06.1983 |
|
|
|
|
Com. Reg. No.: |
09-003735 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.999.999
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21013KL1983GOI003735 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
TVDH00192D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH5288E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Taking over and acquiring the business of the Kerala
Newsprint Project. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7237000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 1983 as a wholly-owned subsidiary of Hindustan
Paper Corporation Limited which was set up by the Government of India in
1970. The company’s financial profile seems to be under slight pressure on
account of loss during 2013 and increasing debt levels as a result of
substantial increase in power cost on account of higher coal prices. The ratings also take into consideration the intense competition and
the commoditised nature of the news-print industries. However, the company reports an adequate capital structure and good
capacity utilisation along with a strong Government support. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of established position in the news-print industry, the
subject can be considered normal for business dealings 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 |
CRISIL |
|
Rating |
Long Term Rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
June 18, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
June 18, 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
Management non-cooperative
(Tel. No.: 91-4829-256211)
LOCATIONS
|
Registered Office : |
News Print Nagar, Mavelloorvaikom Taluk, Kottayam – 686 616, Kerala,
India |
|
Tel. No.: |
91-4829-256211 to 256221 |
|
Fax No.: |
91-4829-256777/ 251911 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Madduri Venkata Narasimha Rao |
|
Designation : |
Managing Director |
|
Address : |
HPC Housing Complex, HC Block, Sector III, Saltlake City, Kolkata –
700 106, West Bengal, India |
|
Date of Birth/Age : |
26.07.1955 |
|
Qualification : |
Chartered Accountant and Company Secretary |
|
Date of Appointment : |
09.02.2012 |
|
DIN No.: |
00470654 |
|
|
|
|
Name : |
Prodip Kumar Mukherjee |
|
Designation : |
Whole-Time Director |
|
Address : |
D-22, HNL Township, Newsprint Nagar, Kottayam – 686 616, Kerala,
India |
|
Date of Birth/Age : |
16.01.1955 |
|
Date of Appointment : |
20.02.2012 |
|
DIN No.: |
05223730 |
|
|
|
|
Name : |
Mr. Subhendra Nath Bhattacharyya |
|
Designation : |
Director |
|
Address : |
66/3, Dum Dum Road, Kolkata – 700 074, West Bengal, India |
|
Date of Birth/Age : |
02.03.1958 |
|
Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
19.07.2010 |
|
DIN No.: |
03147076 |
|
|
|
|
Name : |
Mr. Sunil Kumar Singh |
|
Designation : |
Nominee Director |
|
Address : |
D-413, Pragathi Vihar, Lodhi Road, Delhi – 110 003, India |
|
Date of Birth/Age : |
13.02.1971 |
|
Date of Appointment : |
30.06.2010 |
|
DIN No.: |
02679637 |
|
|
|
|
Name : |
Mugdiya Prakash Premchand |
|
Designation : |
Director |
|
Address : |
7, Maharaja Apartment, Kale Chowk, Nirla Bazar, Aurangabaqd – 431 001,
Maharashtra, India |
|
Date of Birth/Age : |
17.01.1951 |
|
Date of Appointment : |
08.05.2012 |
|
DIN No.: |
05318851 |
|
|
|
|
Name : |
Srinivas Shashidhar Kukatlapalli |
|
Designation : |
Nominee Director |
|
Address : |
147/(12/359), Collectors Bunglow, Parakunnam, Palakadu – 678 001,
Kerala, India |
|
Date of Birth/Age : |
29.01.1965 |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
01644154 |
KEY EXECUTIVES
|
Name : |
Ekanath Loganda Ramamoorthy |
|
Designation : |
Secretary |
|
Address : |
B25/98, HNL Township, Newsprint Nagar, Kottayam – 686 616, Kerala,
India |
|
Date of Birth/Age : |
15.10.1954 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
ACAPR0474R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hindustan Paper Corporation Limited, India |
|
99999700 |
|
M.V. Narasimha Rao |
|
100 |
|
S.N. Bhattacharyya |
|
100 |
|
Total |
|
99999900 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Government Companies (Central) |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Taking over and acquiring the business of the Kerala Newsprint
Project. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Newsprint |
Metric Tonne |
100000 |
100000 |
104911 |
|
Writing and AMP; Printing Paper |
Metric Tonne |
20000 |
Nil |
Nil |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Centurion Bank Limited, Choice Towers, Manorama
Junction, Cochin – 682 016, Kerala, India ·
State Bank of Travancore, Vellore Branch, Edathaamara Buildings,
Mevelloor P.O., Kottayam – 686 609, Kerala, India · Central Bank of India, Mevelloor Branch, Newsprint Nagar P.O., Kottayam – 686 616, Kerala, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Cheriyan and Cheriyan Chartered Accountants |
|
Address : |
P.B. No.43, Kallarackal
Buildings, Miss East Road, Kottayam – 686 001, Kerala, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFC7312C |
|
|
|
|
Holding Company : |
Hindustan Paper Corporation Limited, India (CIN No.:
U74899DL1970PLC005301) |
|
|
|
|
Fellow Subsidiary Company : |
Nagaland Pulp and Paper Company
Limited, India (CIN No.: U21012NL1971SGC001349) |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
99999900 |
Equity Shares |
Rs.10/- each |
Rs.999.999
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 |
999.999 |
999.999 |
999.999 |
|
(b) Reserves & Surplus |
809.357 |
990.292 |
921.384 |
|
(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) |
1809.356 |
1990.291 |
1921.383 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
265.606 |
266.371 |
301.678 |
|
(c) Other long
term liabilities |
148.577 |
117.246 |
109.889 |
|
(d) Long-term
provisions |
7.664 |
5.496 |
8.118 |
|
Total Non-current
Liabilities (3) |
421.847 |
389.113 |
419.685 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
745.387 |
383.515 |
136.746 |
|
(b)
Trade payables |
454.872 |
240.439 |
218.728
|
|
(c)
Other current liabilities |
69.279 |
48.328 |
360.169
|
|
(d) Short-term
provisions |
8.540 |
30.817 |
138.906
|
|
Total Current
Liabilities (4) |
1278.078 |
703.099 |
854.549 |
|
|
|
|
|
|
TOTAL |
3509.281 |
3082.503 |
3195.617 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1388.698 |
1370.682 |
1468.352 |
|
(ii) Intangible
Assets |
44.613 |
0.000 |
0.345 |
|
(iii)
Capital work-in-progress |
3.548 |
3.905 |
4.202 |
|
(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 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
175.407 |
162.444 |
173.604 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1612.266 |
1537.031 |
1646.503 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
927.626 |
720.346 |
690.934
|
|
(c)
Trade receivables |
265.691 |
274.666 |
286.776
|
|
(d) Cash
and cash equivalents |
49.363 |
40.639 |
350.428
|
|
(e)
Short-term loans and advances |
357.728 |
269.214 |
151.370 |
|
(f)
Other current assets |
296.607 |
240.607 |
69.606 |
|
Total
Current Assets |
1897.015 |
1545.472 |
1549.114 |
|
|
|
|
|
|
TOTAL |
3509.281 |
3082.503 |
3195.617 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operations |
3235.847 |
3150.432 |
3016.608 |
|
|
|
Other Income |
43.660 |
248.854 |
135.211 |
|
|
|
TOTAL |
3279.507 |
3399.286 |
3151.819 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
1025.301 |
1028.065 |
935.970 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
3.390 |
(5.651) |
(1.705) |
|
|
|
Employee benefit expense |
544.646 |
592.546 |
586.436 |
|
|
|
Other expenses |
1734.324 |
1595.970 |
1459.124 |
|
|
|
Prior period items |
(19.154) |
(4.336) |
(5.887) |
|
|
|
TOTAL |
3288.507 |
3206.594 |
2973.938 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(9.000) |
192.692 |
177.881 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
70.479 |
36.826 |
6.179 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(78.479) |
155.866 |
171.702 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
102.221 |
115.429 |
117.569 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(181.700) |
40.437 |
54.133 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.765) |
(28.471) |
3.765 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(180.935) |
68.908 |
50.368 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
801.539 |
797.660 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
NA |
NA |
40.000 |
|
|
|
Tax on Dividend |
NA |
NA |
6.489 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
801.539 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Consumables |
288.120 |
88.584 |
8.623 |
|
|
|
Components and Spare Parts |
25.867 |
35.903 |
32.670 |
|
|
|
Capital Goods |
30.026 |
7.253 |
1.246 |
|
|
TOTAL IMPORTS |
344.013 |
131.740 |
42.539 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
|
|
|
|
- Basic |
(2.00) |
0.65 |
0.44 |
|
|
|
- Diluted |
(1.81) |
0.69 |
0.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(5.52) |
2.03 |
1.60 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.62) |
1.28 |
1.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.18) |
1.31 |
1.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10) |
0.02 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.41 |
0.19 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
2.20 |
1.81 |
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 |
999.999 |
999.999 |
999.999 |
|
Reserves & Surplus |
921.384 |
990.292 |
809.357 |
|
Net
worth |
1921.383 |
1990.291 |
1809.356 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
136.746 |
383.515 |
745.387 |
|
Total
borrowings |
136.746 |
383.515 |
745.387 |
|
Debt/Equity
ratio |
0.071 |
0.193 |
0.412 |
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 |
3016.608 |
3150.432 |
3235.847 |
|
|
|
4.436 |
2.711 |
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 |
3016.608 |
3150.432 |
3235.847 |
|
Profit |
50.368 |
68.908 |
(180.935) |
|
|
1.67% |
2.19% |
(5.59%) |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10265609 |
18/01/2011 |
50,000,000.00 |
STATE BANK OF
INDIA |
VELLOOR, MEVELLOOR
(PO), KOTTAYAM, KERALA - 686609, INDIA |
B05733001 |
|
2 |
90022773 |
15/01/2014 * |
866,000,000.00 |
CENTRAL BANK OF
INDIA |
MEVELLOOR
BRANCH, NEWSPRINT NAGAR P.O., KOTTAYAM, KERALA - 686616, INDIA |
B96143573 |
|
3 |
90022763 |
05/11/2013 * |
620,000,000.00 |
STATE BANK OF
TRAVANCORE |
VELLOOR BRANCH,
EDATHAAMARA BUILDINGS, MEVELLOOR P.O., KOTTAYAM, KERALA - 686609, INDIA |
B89431225 |
* Date of charge modification
ORIGIN AND BRIEF HISTORY:
The Company was incorporated
as a Private Limited Company on 7th June, 1983, as a wholly owned
subsidiary of Hindustan Paper Corporation Limited, with the main objective of
taking over and acquiring the business of the Kerala Newsprint Project, a unit
of Hindustan Paper Corporation Limited, on a going concern basis in accordance
with the directive of the Government of India.
OPERATIONAL AND FINANCIAL PERFORMANCE:
During the year, the
Company achieved a production of 103282 MT (including trial production of 1685
MT writing and printing paper), which is 103.2% of the installed capacity as
compared to 102450 MT during the previous year. During the year the Company
sold 103282 MT (including 1685 MT of writing and printing paper) as against
104911 MT during the previous year. The sales during the year was Rs.3235.800
millions as compared to Rs.3150.400 millions during the previous year. The
stock was NIL at the end of 31.03.2013.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Bridges Roads Ports Culverts
·
Railway Sidings
Intangible Assets
·
Computer
Software
WEBSITE DETAILS:
PRINT RELEASE:
PERFORMANCE OF HINDUSTAN NEWSPRINT LIMITED
During
the financial year 2012-13, Hindustan Newsprint Limited (HNL), achieved a
production of 103282 MT, which is 103.2% of the installed capacity. Giving this
information in written reply to a question in the Lok Sabha today, Shri Praful
Patel, Minister of Heavy Industries and Public Enterprises, said that the sales
turnover during the year 2012-13 was Rs.3235.800 millions. The company has
incurred a loss of Rs.181.700 millions. He informed the House that the
Government has no plan for disinvestment of HNL at Kottayam, Kerala.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.62.07 |
|
UK Pound |
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.