MIRA
INFORM REPORT
|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA COAL INDIA PRIVATE LIMITED (w.e.f. 10.04.2012) |
|
|
|
|
Formerly Known
As : |
GUPTA COAL INDIA LIMITED |
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Registered
Office : |
Gupta Tower, 4th Floor, Temple Road, Opposite Science Collage
Ground, Civil Lines, Nagpur - 440001, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
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Date of
Incorporation : |
05.05.1989 |
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|
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Com. Reg. No.: |
11-051640 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 305.044
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1989PTC051640 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPG00507D |
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|
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PAN No.: [Permanent Account No.] |
AAACG4587B |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Coal and Transportation and Handling of coal. |
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|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 16200000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with government
department for the year 2013. As per previous financial of 2012, there company has taken huge
external borrowing, which acts as threatening to the liquidity position of
the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BB-” |
|
Rating Explanation |
Moderate risk of default and high credit risk. |
|
Date |
April, 2012 |
Reason: No furnished with information required by “CARE”.
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. Sudeep Kothari |
|
Designation : |
Senior Manager in Finance |
|
Contact No.: |
91-712-6664000 |
|
Date : |
13.03.2014 |
LOCATIONS
|
Registered Office : |
Gupta Tower, 4th Floor, Temple Road, Opposite Science
Collage Ground, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Tel. No.: |
91-712-6657400 |
|
Fax No.: |
91-712-6647144 |
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E-Mail : |
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|
Website : |
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|
Location: |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Padmesh Deodutta Gupta |
|
Designation : |
Director |
|
Address : |
Hari-Nikunj, House No. 190, Museum Road, Civil Lines, Nagpur – 440001, Maharashtra, India |
|
Date of Birth/Age : |
29.02.1964 |
|
Date of Appointment : |
05.05.1989 |
|
DIN No.: |
00263859 |
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|
|
|
Name : |
Mr. Piyush Marodia |
|
Designation : |
Director |
|
Address : |
Hari-Nikunj, House No. 190, Museum Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1984 |
|
Date of Appointment : |
17.05.2007 |
|
PAN No.: |
AMPPM8122L |
|
DIN No.: |
01730162 |
|
|
|
|
Name : |
Mr. Ramakant Premkumar Tekriwal |
|
Designation : |
Director |
|
Address : |
30 Byramji Town, Nelson Suqre, Katol Road, Nagpur - 440013, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1974 |
|
Date of Appointment : |
20.05.2010 |
|
PAN No.: |
AARPT8993L |
|
Din No.: |
00275872 |
|
|
|
|
Name : |
Mr. Krishna Gupta |
|
Designation : |
Director |
|
Address : |
Gupta Bhawan, Temple Bazar Road, Sitabuldi, Nagpur - 440012, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1976 |
|
Date of Appointment : |
10.08.2011 |
|
PAN No.: |
AJRPG2059F |
|
DIN No.: |
00275889 |
|
|
|
|
Name : |
Mr. Suresh Kumar Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
A1/11, Century Staff Colony, Lalkua, Nainital - 262402, Uttarakhand, India |
|
Date of Birth/Age : |
25.07.1950 |
|
Date of Appointment : |
07.09.2011 |
|
PAN No.: |
ABXPA4049F |
|
DIN No.: |
05106839 |
KEY EXECUTIVES
|
Name : |
Mr. Sudeep Kothari |
|
Designation : |
Senior Manager in Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Padmesh Gupta |
69267 |
|
Anuradha Gupta |
53800 |
|
Anurag Gupta |
7888 |
|
Kaustubh Gupta |
7887 |
|
Padmesh Gupta HUF |
16300 |
|
Srivats Gupta |
410 |
|
Gupta Leasing and Finance Limited, India |
89750 |
|
Indo-Krishna Green Fields Limited, India |
13950 |
|
Tasmseen Commercial LLP, India |
34400 |
|
Manasi Commodities LLP, India |
41000 |
|
Gupta Corporation Private Limited, India |
2697292 |
|
Saphire Steel private Limited, India |
3500 |
|
Gupta Natural Resource Ventures Private Limited, India |
15000 |
|
Total
|
3050444 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
94.90 |
|
Directors or relatives of Directors |
4.56 |
|
Others |
0.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal and Transportation and Handling of coal. |
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||||
|
Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Wash Coal |
|
A) Licensed Capacity |
- N.A. - |
|
B) Installed Capacity |
- N.A. - |
|
C) Details Of Processing Item |
Quantity |
|
Coal * Quantity Got Processed On Job Work Basis |
* 113539.020 M.T. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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Bankers : |
· UCO Bank, Sitabuldi Branch, Nagpur – 440012, Maharashtra, India Tel. No.: 91-712-2522230 ·
ICICI Bank Limited |
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Facilities : |
NOTE LONG TERM
BORROWINGS Term Loans from Banks and loans from Financial Institutions (Rs. 311.700 Millionsas on balance sheet date) are secured against Hypothecation of Wind turbine Equipment (Wind mills) and mortgage over Gupta Tower owned by Gupta Infratec Private Limited. Term Loans of Rs. 80.000 Millions crores from financial institutions are secured against First charge on specified area of city centre mall at Raipur owned by an Associate Company, Gupta Infrastructure (India) Private Limited. It is collaterally secured by way of pledge of 10% shares of an associate company, Gupta Global Resources Private Limited, held by holding company, Gupta Corporation Private Limited; and shares of Gupta Infrastructure (India) Private Limited owned by the company. It is also secured by first charge on all cash flows accruing in respect of the asset owned by Associate Company, Gupta Infrastructure (India) Private Limited; second charge on equipments hypothecated to SREI Equipments Finance Limited owned by Associate Company, Gupta Global Resources Private Limited. SHORT TERM
BORROWINGS Working Capital facilities from Banks are secured by first
pari-pasu charge on book debts, stocks and other current assets of the
company, immovable properties belonging to the company, director and relative
along with the pledge of FDR's. |
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|
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
SREI Infrastructure Finance Private Limited, Vishwakarma, 86C, Topsia
Road (South), Kolkata-700046, West Bengal, India |
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|
|
|
Auditors : |
|
|
Name : |
Banthia Damani and Associates Chartered Accountants |
|
Address : |
SO-8, Amarjyoti Palace, Dhantoli, Wardha Road, Nagpur - 440012,
Maharashtra, India |
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PAN.: |
AAGFB7463E |
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|
|
Holding Company: |
Gupta Corporation Private Limited, India CIN No.: U40100MH2005PTC154038 |
|
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|
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Associates : |
· Gupta Global Resources Private Limited, India CIN No.: U10100MH2001PTC130464 Gupta Infrastructur
(India) Private Limited, India CIN No.: U45200MH2005PTC157219 Nagpur Sical Gupta Logistics Limited, India CIN No.: U63011MH2006PLC164369 Gupta Power House Private Limited, India CIN No.: U40109MH2008PTC177211 Nagpur Sical Gupta Road Terminal Limited, India CIN No.: U45202MH2007PLC169997 Maharashtra Vidhyut Nigam Private Limited, India CIN No.: U40100MH2005PTC156213 Nagpur Sical Gupta Road Terminal Limited, India CIN No.: U45202MH2007PLC169997 Gupta Energy Private Limited, India CIN No.: U40102MH2007PTC175497 Gupta Power House Private Limited, India CIN No.: U40109MH2008PTC177211 Gupta Industries Private Limited, India CIN No.: U27101MH2005PTC156270 Gupta Infratec Private Limited, India CIN No.: U45203MH2002PTC137098 AP Coal Washeries Private Limited, India CIN No.: U10102DL2002PTC116287 Gupta Logistics Private Limited, India CIN No.: U63090MH2007PTC177038 P.D. Gupta Enterprises |
|
|
|
|
Subsidiary : |
Transasia Pacific GGNR Pte Limited, Indonesia |
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Group Companies: |
· Gupta Global Private Limited Chattisgarh Mall Management Limited Monnel Daniel Coal Washeries Limited Earth Minerals Company Limited Nagpur Highway Infracons Private Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital: Rs. 400.000 Millions
Issued, Subscribed & Paid-up Capital: Mr.
324.781 Millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.100/- each |
Rs. 400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3050444 |
Equity Shares |
Rs.100/- each |
Rs. 305.044 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
305.044 |
297.928 |
|
(b) Reserves & Surplus |
|
3,750.906 |
3,673.119 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
97.500 |
|
Total Shareholders’
Funds (1) + (2) |
|
4,055.950 |
4,068.547 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2,465.747 |
245.689 |
|
(b) Deferred tax liabilities (Net) |
|
180.848 |
118.318 |
|
(c) Other long term liabilities |
|
2,812.528 |
385.979 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
5,459.123 |
749.986 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
15,052.668 |
3,124.925 |
|
(b) Trade payables |
|
6,183.620 |
6,367.627 |
|
(c) Other current
liabilities |
|
2,804.843 |
859.017 |
|
(d) Short-term provisions |
|
123.581 |
190.652 |
|
Total Current Liabilities (4) |
|
24,164.712 |
10,542.221 |
|
|
|
|
|
|
TOTAL |
|
33,679.785 |
15,360.754 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
924.821 |
532.108 |
|
(ii) Intangible Assets |
|
0.625 |
0.000 |
|
(iii) Capital
work-in-progress |
|
361.324 |
292.028 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
495.727 |
153.303 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
141.351 |
125.486 |
|
(e) Other Non-current assets |
|
83.069 |
103.925 |
|
Total Non-Current Assets |
|
2,006.917 |
1,206.850 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
7,954.062 |
3,584.084 |
|
(c) Trade receivables |
|
13,062.956 |
4,690.534 |
|
(d) Cash and cash
equivalents |
|
2,535.166 |
1,342.914 |
|
(e) Short-term loans and
advances |
|
8,060.718 |
4,512.543 |
|
(f) Other current assets |
|
59.966 |
23.829 |
|
Total Current Assets |
|
31,672.868 |
14,153.904 |
|
|
|
|
|
|
TOTAL |
|
33,679.785 |
15,360.754 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
69.246 |
|
|
2] Share Application Money |
|
|
220.040 |
|
|
3] Reserves & Surplus |
|
|
1318.025 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1607.311 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
774.340 |
|
|
2] Unsecured Loans |
|
|
120.230 |
|
|
TOTAL BORROWING |
|
|
894.570 |
|
|
DEFERRED TAX LIABILITIES |
|
|
31.132 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2533.013 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
189.996 |
|
|
Capital work-in-progress |
|
|
252.609 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
140.474 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1628.367
|
|
|
Sundry Debtors |
|
|
1277.129
|
|
|
Cash & Bank Balances |
|
|
485.646
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
1829.351
|
|
Total
Current Assets |
|
|
5220.493
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2344.793 |
|
|
Other Current Liabilities |
|
|
767.016
|
|
|
Provisions |
|
|
167.883
|
|
Total
Current Liabilities |
|
|
3279.692
|
|
|
Net Current Assets |
|
|
1940.801
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
9.133 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2533.013 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
21870.651 |
9933.836 |
|
|
|
Other Income |
|
71.497 |
13.229 |
|
|
|
TOTAL (A) |
|
21942.148 |
9947.065 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
|
18329.766 |
8005.794 |
|
|
|
Manufacturing Service Cost |
|
2431.893 |
1230.748 |
|
|
|
Employee Related Expenses |
|
50.391 |
18.856 |
|
|
|
Administrative Selling and Other Expenses |
|
281.180 |
161.949 |
|
|
|
Prior Period Expenses |
|
4.373 |
(0.079) |
|
|
|
TOTAL (B) |
NA |
21097.603 |
9417.268 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
844.545 |
529.797 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
295.729 |
98.804 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
548.816 |
430.993 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
23.823 |
12.958 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
524.993 |
418.035 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
208.386 |
149.886 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
316.607 |
268.149 |
|
|
|
|
|
|
|
|
|
Less |
INCOME
TAX EARLIER YEAR |
|
19.651 |
5.180 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
296.956 |
262.969 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
34.387 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
20156.330 |
12249.859 |
5291.431 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
453.14 |
605.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
1.44
|
2.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.40
|
4.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.52
|
7.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.13
|
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.32
|
0.83
|
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.34
|
1.59 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
297.928 |
305.044 |
|
Reserves & Surplus |
3673.119 |
3750.906 |
|
Share
Application money pending allotment |
97.500 |
0.000 |
|
Net
worth |
4,068.547 |
4,055.950 |
|
|
|
|
|
Long-term borrowings |
245.689 |
2465.747 |
|
Short term borrowings |
3124.925 |
15052.668 |
|
Total
borrowings |
3,370.614 |
17,518.415 |
|
Debt/Equity
ratio |
0.828 |
4.319 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10383431 |
03/09/2012 |
156,255,374.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B60884400 |
|
2 |
10383428 |
03/09/2012 |
156,730,958.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B60883568 |
|
3 |
10357303 |
19/05/2012 |
690,000,000.00 |
VIJAYA BANK |
C.A. ROAD, NAGPUR - 440011, MAHARASHTRA, INDIA |
B40198640 |
|
4 |
10357958 |
15/04/2012 |
500,000,000.00 |
SREI INFRASTRUCTURE FINANCE LIMITED |
VISHWAKARMA,86C,TOPSIA ROAD (SOUTH), KOLKATA - 700046, WEST BENGAL, INDIA |
B40533796 |
|
5 |
10357956 |
15/04/2012 |
800,000,000.00 |
SREI INFRASTRUCTURE FINANCE LIMITED |
VISHWAKARMA,86C,TOPSIA ROAD (SOUTH), KOLKATA - 700046, WEST BENGAL, INDIA |
B40533317 |
|
6 |
10352332 |
03/10/2012 * |
900,000,000.00 |
IDBI BANK LIMITED |
3RD FLOOR, GUPTA TOWER, TEMPLE ROAD, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA |
B60399672 |
|
7 |
10345278 |
06/03/2012 |
1,085,000,000.00 |
PUNJAB NATIONAL BANK |
MID CORPORATE BRANCH, SURYANAGAR, NAGPUR - 440008, MAHARASHTRA, INDIA |
B36177996 |
|
8 |
10345186 |
25/02/2012 |
2,350,000,000.00 |
ALLAHABAD BANK |
CIVIL LINES BRANCH, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA |
B36139988 |
|
9 |
10330298 |
20/12/2011 |
2,050,000,000.00 |
UNION BANK OF INDIA |
CIVIL LINES BRANCH, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA |
B30064901 |
|
10 |
10309486 |
01/10/2011 |
1,250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B22250443 |
|
11 |
10303482 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B19288455 |
|
12 |
10303497 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B19294495 |
|
13 |
10303720 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B19287648 |
|
14 |
10303764 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B19291251 |
|
15 |
10273028 |
15/02/2011 |
20,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B06989917 |
|
16 |
10272951 |
31/01/2012 * |
18,827,500,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE BANKING BRANCH, SV PATEL MARG, KINGSWAY, NAGPUR - 440001, MAHARASHTRA, INDIA |
B32309387 |
|
17 |
10238975 |
20/08/2010 |
267,500,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE
BANKING BRANCH, BANK OF INDIA BL |
A93699023 |
|
18 |
10193570 |
02/12/2009 |
9,591,103.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI - 600002, TAMIL NADU, INDIA |
A76326149 |
|
19 |
10172594 |
15/08/2009 |
25,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
A67802843 |
|
20 |
10151671 |
28/03/2012 * |
4,550,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5 SAI COMPLEX, AMRAVATI ROAD, NAGPUR - 440033, MAHARASHTRA, INDIA |
B37860921 |
|
21 |
10063790 |
07/05/2007 |
11,640,000.00 |
ABN AMRO BANK |
9TH FLOOR, DLF CYBER GREEN TOWER C, SECTOR 25 A, GURGAON - 122002 , HARYANA, INDIA |
A14458491 |
|
22 |
10052660 |
30/04/2007 |
500,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX,, AMRAVATI ROAD, BHARAT NAGAR, NAGPUR - 440033, MAHARASHTRA, INDIA |
A15536345 |
|
23 |
10049915 |
13/03/2007 |
1,519,200,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX,, AMRAVATI ROAD, BHARAT NAGAR, NAGPUR - 440033, MAHARASHTRA, INDIA |
A14694400 |
|
24 |
10060842 |
01/11/2006 |
862,400,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, NAGPUR - 440033, MAHARASHTRA, INDIA |
A07107428 |
|
25 |
90211110 |
19/09/2003 |
147,500,000.00 |
UCO BANK |
SITUBULDI, NAGPUR - 440012, MAHARASHTRA, INDIA |
- |
|
26 |
90213955 |
05/01/2007 * |
550,000,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE
BANKING BRANCH, S. V. PATEL MARG |
- |
|
27 |
90213946 |
04/01/2007 * |
550,000,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE
BANKING BARANCH, S. V. PATEL MAR |
- |
|
28 |
90211028 |
15/03/2001 |
2,000,000.00 |
IDBI BANK LIMITED |
INDO UNIQUE PLAZA; EAST HIGH COURT ROAD, CIVIL LINES, NAGPUR - 440012, MAHARASHTRA, INDIA |
- |
|
29 |
90213686 |
15/03/2001 |
4,330,000.00 |
BANK OF INDIA |
RABINDRANATH TAGORE ROAD BRANCH, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA |
- |
|
30 |
90213617 |
04/10/2001 * |
200,000,000.00 |
IDBI BANK LIMITED |
INDO UNIQUE PLAZA; EAST HIGH COURT ROAD, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA |
- |
|
31 |
90213235 |
30/12/1999 * |
38,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, BHARAT NAGAR, NAGPUR, |
- |
|
32 |
90214725 |
14/01/1999 * |
38,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, BHARAT NAGAR, NAGPUR, |
- |
|
33 |
90212653 |
24/04/1995 |
5,100,000.00 |
UCO BANK |
SITABULDI, NAGPUR, MAHARASHTRA, INDIA |
- |
|
34 |
90212247 |
05/03/1992 |
1,350,000.00 |
UCO BANK |
SITUBULDI, NAGPUR - 440012, MAHARASHTRA, INDIA |
- |
* Date of charge modification
COMPANIES AFFAIR
The Company has been providing coal handling, transportation and liasoning services to various end consumers involving movement of coal from mines to the consumers, managing the logistics enroute and quality verification and has been ensuring that the required quality and quantity of coal is delivered to the consumers on due time. Since Last Three years the Company is involved in Coal Trading through which it supplies coking and non-coking imported coal to core and non-core industries. The Company has continued to procure coal from domestic markets as well as from e-auctions conducted by Coal India Limited to supply to end use customers. Further the Company has established Four Wind Turbine Generators i.e Three in Rajasthan and One in Maharashtra with a capacity of 2.1 MW each, through which it supplies power to various Electricity Boards.
UNSECURED LOAN
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related |
235.803 |
132.615 |
|
Total |
235.803 |
132.615
|
FIXED ASSETS
· Land
· Buildings
· Office building
· Other building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· 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 records 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.61.02 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.85.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.