MIRA INFORM REPORT
|
Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BHATIA GLOBAL TRADING LIMITED (w.e.f.24.03.2010) |
|
|
|
|
Formerly Known
As : |
BHATIA GLOBAL TRADING PRIVATE LIMITED (w.e.f. 04.03.2010) BHATIA COAL TRADING AND CONSIGNMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
BCC House, 8/5, Manorama Ganj, Navratan Bagh, Main Road, Indore –
452001, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.08.1991 |
|
|
|
|
Com. Reg. No.: |
10-006626 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.417.680 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60200MP1991PLC006626 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
BPLB02964D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB6751C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Coal and also engaged in providing logistic
services. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6881000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has incurred a loss from its operation during 2013. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of experienced promoters, the company can be considered for
business dealings 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.
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
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
B+ (Long Term Fund Based) |
|
Rating Explanation |
High risk of default regarding timely
payments. |
|
Date |
August 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4 (Short Term Fund Based) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
August 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 PARTED BY
|
Name : |
Mr. Naval Jain |
|
Designation : |
AVP Finance Department |
|
Contact No.: |
91-731-4200206 |
|
Date : |
25.03.2014 |
LOCATIONS
|
Registered Office/ Corporate Office : |
BCC House, 8/5, Manorama Ganj, Navratan Bagh, Main Road, Indore –
452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4200211 / 4066101 |
|
Fax No.: |
91-731-4066102 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
“BCC House”, Plot No. 4, 6th Avenue, Harrington Road,
Chetpet, Chennai – 600031, Tamilnadu, India |
|
Tel. No.: |
91-44-45590050 / 51 |
|
Fax No.: |
91-44-45590057 / 58 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Ambika Apartment 24 Wardhman Nagar, Nagpur – 440008, Maharashtra,
India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Surinder Singh Bhatia |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 13 and 14, Aditya Nagar, Indore – 452001, Madhya Pradesh,
India |
|
Date of Birth/Age : |
09.08.1963 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
ABHPB5246R |
|
DIN No.: |
00038741 |
|
|
|
|
Name : |
Mr. Amandeep Singh Bhatia |
|
Designation : |
Director |
|
Address : |
1,2,3,4, Aditya Nagar, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
23.10.1981 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
30.09.2009 |
|
PAN No.: |
AGOPB3205E |
|
DIN No.: |
00038591 |
|
|
|
|
Name : |
Mr. Chitranjan Singh Kahlon |
|
Designation : |
Director |
|
Address : |
D-1/49, Rabindra Nagar, New Delhi – 110003, India |
|
Date of Birth/Age : |
22.02.1951 |
|
Date of Appointment : |
24.09.2012 |
|
DIN No.: |
02823501 |
|
|
|
|
Name : |
Mr. Lal Krishna Thanvi |
|
Designation : |
Director |
|
Address : |
7 Ganeshkripa Appartment, Ichchanath, Surat – 395001, Gujarat, India |
|
Date of Birth/Age : |
01.01.1962 |
|
Qualification : |
HSC |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00051283 |
KEY EXECUTIVES
|
Name : |
Mr. Naval Jain |
|
Designation : |
AVP Finance Department |
|
|
|
|
Name : |
Mr. Raj Kumar Bhawsar |
|
Designation : |
Secretary |
|
Address : |
24A, Nagin Nagar, Near Kalami Nagar, Indore – 452002, Madhya Pradesh,
India |
|
Date of Birth/Age : |
03.07.1976 |
|
Date of Appointment : |
15.02.2012 |
|
PAN No.: |
AKPPB1665F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gurvinder Singh Bhatia |
|
6374290 |
|
Veena Bhatia |
|
4331510 |
|
Surinder Singh Bhatia |
|
4500 |
|
Gurvinder Kaur Bhatia |
|
2000 |
|
S. S. Bhatia (HUF) |
|
1500 |
|
Amandeep Singh Bhatia |
|
8182200 |
|
Ishipal Kaur Bhatia |
|
100 |
|
G. S. Bhatia (HUF) |
|
500 |
|
M. S. Bhatia |
|
100 |
|
Inderjeet Kaur Bhatia |
|
1300 |
|
M. S. Bhatia HUF |
|
2000 |
|
Amitoj Kaur Bhatia |
|
100 |
|
Narinder Kaur Bhatia |
|
4500 |
|
Ishhar Overseas Limited, India |
|
750975 |
|
BCC Enterprises (India) Limited, India |
|
200 |
|
BCC Estates Private Limited, India |
|
200 |
|
BCC Cargo Limited, India |
|
116659 |
|
Reliance Services and Consultants Limited, India |
|
23491 |
|
Bhatia Industries and Infrastructure Limited, India |
|
4500 |
|
Asian Natural Resources (India) Limited, India |
|
66871 |
|
Bhatia Sons (India) Limited, India
|
|
21991457 |
|
|
|
|
|
Total |
|
41858953 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
54.84 |
|
Directors or relatives of directors |
|
45.15 |
|
Other top fifty shareholders |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Coal and also engaged in providing logistic
services. |
|
|
|
|
Imports : |
|
|
Products : |
Coal |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||
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|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. S. Bansal and Company Chartered Accountants |
|
Address : |
"Uravshi" 1st Floor, 3 Jaora Compound, Indore – 452001,
Madhya Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFR4852J |
|
|
|
|
Holding Company : |
Bhatia Sons (India) Limited CIN No.: U10100MP2009PLC022493 |
|
|
|
|
Subsidiary Company
: |
Bhatia International Pte Limited |
|
|
|
|
Associates : |
CIN No.: U23101MP1999PLC013713
CIN No.: U10102MH1997PLC246824 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
CIN No.: U51102MP2008PLC020780
CIN No.: U74140MP1974PTC015187
CIN No.: L65922MP1993PLC007767
CIN No.: U40100MP2008PLC020787
|
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
Rs.10/- each |
Rs.420.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41858953 |
Equity Shares |
Rs.10/- each |
Rs.418.589 Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
Rs.10/- each |
Rs.420.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41768115 |
Equity Shares |
Rs.10/- each |
Rs.417.680 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
417.680 |
379.770 |
379.770 |
|
(b) Reserves & Surplus |
1302.570 |
2057.430 |
2025.548 |
|
(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) |
1720.250 |
2437.200 |
2405.318 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.660 |
11.670 |
26.917 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
2.470 |
3.420 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.130 |
15.090 |
26.917 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
4728.560 |
4667.120 |
5948.913 |
|
(b) Trade payables |
4704.270 |
4631.540 |
4051.921 |
|
(c) Other current liabilities |
304.140 |
357.620 |
209.599 |
|
(d) Short-term provisions |
88.670 |
70.290 |
286.603 |
|
Total Current
Liabilities (4) |
9825.640 |
9726.570 |
10497.036 |
|
|
|
|
|
|
TOTAL |
11550.020 |
12178.860 |
12929.271 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
273.930 |
255.540 |
263.555 |
|
(ii) Intangible Assets |
3.620 |
1.480 |
0.000 |
|
(iii) Capital work-in-progress |
1.490 |
33.860 |
15.476 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1883.770 |
1849.230 |
238.556 |
|
(c) Deferred tax assets (net) |
4.510 |
2.930 |
0.043 |
|
(d) Long-term Loan and Advances |
9.970 |
17.560 |
13.006 |
|
(e) Other Non-current assets |
32.260 |
47.750 |
5.928 |
|
Total Non-Current
Assets |
2209.550 |
2208.350 |
536.564 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3020.270 |
2979.990 |
2799.913 |
|
(c) Trade receivables |
4766.820 |
4820.650 |
2909.791 |
|
(d) Cash and cash equivalents |
616.360 |
628.430 |
461.636 |
|
(e) Short-term loans and advances |
777.290 |
1516.990 |
6220.111 |
|
(f) Other current assets |
159.730 |
24.450 |
1.256 |
|
Total Current
Assets |
9340.470 |
9970.510 |
12392.707 |
|
|
|
|
|
|
TOTAL |
11550.020 |
12178.860 |
12929.271 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23419.110 |
24700.260 |
4237.510 |
|
|
|
Other Income |
220.690 |
850.120 |
11.876 |
|
|
|
TOTAL (A) |
23639.800 |
25550.380 |
4249.386 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
22018.970 |
23681.880 |
6505.272 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
612.200 |
307.970 |
(2535.580) |
|
|
|
Employee benefit expense |
114.650 |
97.470 |
23.303 |
|
|
|
Other expenses |
629.950 |
827.280 |
12.973 |
|
|
|
Exceptional items |
452.390 |
0.000 |
(0.374) |
|
|
|
Extraordinary items |
0.000 |
0.000 |
(580.599) |
|
|
|
TOTAL (B) |
23828.160 |
24914.600 |
3424.995 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(188.360) |
635.780 |
824.391 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
765.140 |
571.310 |
103.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(953.500) |
64.470 |
721.328 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.200 |
30.040 |
6.218 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
(978.700) |
34.430 |
715.110 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.730) |
8.310 |
240.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(977.970) |
26.120 |
475.106 |
|
|
|
|
|
|
|
|
|
|
Profit Transfer as
per Business Transfer Agreement (2009-10) |
0.000 |
0.000 |
21.080 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
176.690 |
472.650 |
11.020 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
|
|
18.990 |
18.910 |
|
|
|
Dividend Distribution Tax |
|
3.080 |
3.140 |
|
|
|
Transferred to General Reserve |
|
300.000 |
12.500 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
176.690 |
472.650 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
78.970 |
9.490 |
NA |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
15406.040 |
15906.600 |
2645.280 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(25.53) |
0.69 |
21.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(4.14) |
0.10 |
11.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.18) |
0.14 |
16.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.13) |
0.33 |
5.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.57) |
0.01 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.75 |
1.92 |
2.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.03 |
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
379.770 |
379.770 |
417.680 |
|
Reserves & Surplus |
2025.548 |
2057.430 |
1302.570 |
|
Net
worth |
2405.318 |
2437.200 |
1720.250 |
|
|
|
|
|
|
long-term borrowings |
26.917 |
11.670 |
1.660 |
|
Short term borrowings |
5948.913 |
4667.120 |
4728.560 |
|
Total
borrowings |
5975.830 |
4678.790 |
4730.220 |
|
Debt/Equity
ratio |
2.484 |
1.920 |
2.750 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4237.510 |
24700.260 |
23419.110 |
|
|
|
482.896 |
(5.187) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4237.510 |
24700.260 |
23419.110 |
|
Profit |
475.106 |
26.120 |
(977.970) |
|
|
11.21% |
0.11% |
(4.18%) |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
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
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
22.790 |
0.000 |
|
Loans and advances from others |
36.310 |
0.000 |
|
|
|
|
|
Total |
59.100 |
0.000 |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
Bills Discounted with Banks. |
1479.530 |
1343.960 |
|
Bank Guarantees issued in favor of Customers/ various Parties. |
161.400 |
157.530 |
|
Corporate Guarantee issued on behalf of Group Companies US $ 51.75 Millions (P.Y. Rs. 51.750 Millions) Corporate Guarantee issued on behalf of Group Companies. |
2810.540 |
822.580 |
|
a) Bhatia Coal Washeries Limited Rs. 1790.000 Millions (P.Y. Rs. 1790.000 Million ) b) Bhatia Coke and Energy Limited Rs. 2410.000 Millions (P.Y. Rs. 2200.000 Million) |
4200.000 |
3990.000 |
|
Letter of Credit Outstanding |
2065.340 |
Nil |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10281963 |
18/03/2011 |
1,700,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B11343746 |
|
2 |
10274694 |
19/03/2011 * |
12,990,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B10209963 |
Note: * Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
Intangible Assets
- Computer Software
- Licenses and Franchise
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
|
29 |
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.