MIRA INFORM REPORT
|
Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORISSA MANGANESE AND MINERALS LIMITED (w.e.f. 19.05.2008) |
|
|
|
|
Formerly Known
As : |
ORISSA MANGANESE AND MINERALS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
IPICOL House, 3rd Floor, Annexe Building, Janpath,
Bhubaneswar - 751022 Orissa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.06.2013 |
|
|
|
|
Date of
Incorporation : |
30.07.1953 |
|
|
|
|
Com. Reg. No.: |
15-017027 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13201OR1953PLC017027 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3635J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Iron Ore Pellets and Mining of Manganese,
Iron Ore and Graphite. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. NOTE: As claimed by
Mr. Sumeet Agarwal, AGM Finance that they are in the process of merging 3
entities (Zion steel limited, Adhunik metalik limited and Orissa manganese
and minerals limited). “Zion steel limited” will merge with “Adhunik metalik
limited” and there will be reverse merger of “Adhunik metaliks limited” into
wholly owned subsidiary “Orissa manganese and minerals limited”. Further he also claimed that company will be named as “Orissa
manganese and minerals limited” and approval of merger is pending with high
court. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go slow
on talks over coal supply contracts, uncertainty over cancellation of blocks
weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities “A-” |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
April 07, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities “A2+” |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
April 07, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sumeet Agarwal |
|
Designation : |
AGM Finance |
|
Contact No.: |
91-9007477789 |
|
Date : |
20.10.2014 |
LOCATIONS
|
Registered Office : |
IPICOL House, 3rd Floor, Annexe Building, Janpath,
Bhubaneswar - 751022 Orissa, India |
|
Tel. No.: |
91-33-22890279 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Lansdowne Tower, 6th Floor, 2/1-A, Sarat Bose Road, Kolkata
– 700020, West Bengal, India |
|
|
|
|
Factory: |
Located at:
|
DIRECTORS
As on: 28.11.2013
|
Name : |
Mr. Jugal Kishore Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
05.10.1951 |
|
Date of Appointment : |
05.04.2007 |
|
PAN No.: |
ADCPA9670K |
|
DIN No.: |
00227460 |
|
|
|
|
Name : |
Mr. Ghanshyam Das Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
16.10.1957 |
|
Date of Appointment : |
05.04.2007 |
|
PAN No.: |
ACUPA0872G |
|
DIN No.: |
00507800 |
|
|
|
|
Name : |
Mr. Nirmal Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
10.01.1962 |
|
Date of Appointment : |
05.04.2007 |
|
PAN No.: |
ACNPA0783F |
|
DIN No.: |
00605669 |
|
|
|
|
Name : |
Mr. Mohan Lal Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
10.05.1965 |
|
Date of Appointment : |
05.04.2007 |
|
PAN No.: |
ACVPA7179F |
|
DIN No.: |
01047906 |
|
|
|
|
Name : |
Mr. Mahesh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
10.05.1966 |
|
Date of Appointment : |
05.04.2007 |
|
PAN No.: |
ABCPA9259J |
|
DIN No.: |
00507690 |
|
|
|
|
Name : |
Mr. Manoj Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
BA – 209, Salt Lake City, Kolkata - 700064, West Bengal, India |
|
Date of Birth/Age : |
06.08.1969 |
|
Date of Appointment : |
05.04.2007 |
|
PAN No.: |
ADBPA8890N |
|
DIN No.: |
00227871 |
|
|
|
|
Name : |
Mr. Sanjay Pratap |
|
Designation : |
Director |
|
Address : |
07, Tankapani Road, Rashmi Lawns, Bhubaneswar – 751002, Orissa,
India |
|
Date of Birth/Age : |
01.09.1966 |
|
Date of Appointment : |
13.02.2008 |
|
PAN No.: |
AAMPP8100G |
|
DIN No.: |
02053836 |
|
|
|
|
Name : |
Mr. Ramgopal Agarwala |
|
Designation : |
Director |
|
Address : |
B2/39, 2nd Floor, Safdarjung Enclave, Delhi – 110029, India
|
|
Date of Birth/Age : |
14.12.1937 |
|
Date of Appointment : |
30.06.2008 |
|
PAN No.: |
AAMPA5989J |
|
DIN No.: |
02054856 |
KEY EXECUTIVES
|
Name : |
Mr. Alok Kumar Samant |
|
Designation : |
Secretary |
|
Address : |
45E / 15B, Moore Avenue, Kolkata – 700040, West Bengal, India |
|
Date of Birth/Age : |
19.07.1976 |
|
Date of Appointment : |
22.12.2012 |
|
PAN No.: |
AXQPS3281C |
|
|
|
|
Name : |
Mr. Nand Kishore Singhal |
|
Designation : |
Manager |
|
Address : |
293, Hari Sabha Math, Kolkata – 700084, West Bengal, India |
|
Date of Birth/Age : |
17.04.1957 |
|
Date of Appointment : |
28.06.2012 |
|
PAN No.: |
AKTPS2578Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.11.2013
|
Names of Shareholders |
|
No. of Shares |
|
Adhunik Metaliks Limited, India
|
|
19996107 |
|
Jugal Kishore Agarwal |
|
900 |
|
Ghanshyam Das Agarwal |
|
599 |
|
Nirmal Kumar Agarwal |
|
570 |
|
Mohan Lal Agarwal |
|
570 |
|
Mahesh Kumar Agarwal |
|
599 |
|
Manoj Kumar Agarwal |
|
655 |
|
|
|
|
|
Total |
|
20000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.11.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Iron Ore Pellets and Mining of Manganese,
Iron Ore and Graphite. |
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Products : |
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Terms : |
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Selling : |
Cash, Credit, Cheque |
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Purchasing : |
Cash, Credit, Cheque |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
|
|||||||||||||||||||||||||||
|
Name : |
S. R. Batibai and Company Chartered Accountants |
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Holding Company : |
Adhunik Metaliks Limited CIN No.: L28110OR2001PLC017271 |
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|
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|
Subsidiary and
Fellow Subsidiary Companies : |
Adhunik Power & Natural Resources Limited CIN No.: U40101WB2005PLC102935 Adhunik Power Transmission Limited CIN No.: U28920WB1991PLC052122 Vasundhra Resources Limited CIN No.: U14219WB2008PLC124324 Adhunik Alloys & Power Limited CIN No.: U27104WB2003PLC096616 AADHUNIK STEELS Limited CIN No.: U27109WB1992PLC055488 Adhunik Corporation Limited CIN No.: U27106WB1996PLC076992 Adhunik Industries Limited CIN No.: L65921WB1979PLC032200 Adhunik Infotech Limited CIN No.: U52392WB2003PLC095975 FUTURISTIC STEEL Limited CIN No.: U27107WB1995PLC076049 Orchid Global Resources Pte Limited |
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|
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|
Joint venture
company : |
Neepaz B C Dagara Steels Private Limited CIN No.: U27100OR2010PTC012205 |
CAPITAL STRUCTURE
As on: 28.11.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
30.06.2013 (12 Months) |
30.06.2012 (15 Months) |
31.03.2011 (12 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
200.000 |
20.000 |
|
(b) Reserves & Surplus |
4048.145 |
3260.369 |
2627.781 |
|
(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) |
4248.145 |
3460.369 |
2647.781 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
7377.985 |
6369.189 |
5280.695 |
|
(b) Deferred tax liabilities (Net) |
800.316 |
639.522 |
344.702 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
24.504 |
17.610 |
10.705 |
|
Total Non-current
Liabilities (3) |
8202.805 |
7026.321 |
5636.102 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1101.136 |
362.381 |
0.000 |
|
(b) Trade payables |
1054.832 |
746.888 |
442.682 |
|
(c) Other current
liabilities |
3592.603 |
2523.611 |
1082.803 |
|
(d) Short-term
provisions |
354.737 |
170.987 |
384.457 |
|
Total Current
Liabilities (4) |
6103.308 |
3803.867 |
1909.942 |
|
|
|
|
|
|
TOTAL |
18554.258 |
14290.557 |
10193.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5528.876 |
4956.483 |
3795.744 |
|
(ii) Intangible Assets |
648.490 |
709.255 |
599.885 |
|
(iii) Capital
work-in-progress |
504.570 |
628.173 |
1283.346 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
3592.800 |
2883.300 |
1165.900 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1587.403 |
1355.288 |
615.122 |
|
(e) Other
Non-current assets |
31.932 |
32.837 |
25.126 |
|
Total Non-Current
Assets |
11894.071 |
10565.336 |
7485.123 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1571.206 |
1300.613 |
905.866 |
|
(c) Trade receivables |
1259.156 |
825.118 |
301.585 |
|
(d) Cash and cash
equivalents |
151.699 |
707.735 |
655.203 |
|
(e) Short-term loans
and advances |
3640.740 |
887.086 |
845.597 |
|
(f) Other current
assets |
37.386 |
4.669 |
0.451 |
|
Total Current Assets |
6660.187 |
3725.221 |
2708.702 |
|
|
|
|
|
|
TOTAL |
18554.258 |
14290.557 |
10193.825 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2013 (12 Months) |
30.06.2012 (15 Months) |
31.03.2011 (12 Months) |
|
|
SALES |
|
|
|
|
|
Income |
9291.547 |
6731.986 |
4446.372 |
|
|
Other Income |
177.182 |
366.722 |
162.713 |
|
|
TOTAL |
9468.729 |
7098.708 |
4609.085 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3425.992 |
1818.394 |
4.910 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(229.153) |
(201.772) |
(384.886) |
|
|
Employees benefits
expense |
338.716 |
323.338 |
187.019 |
|
|
Prior period items |
1.322 |
0.596 |
0.000 |
|
|
Other expenses |
3008.878 |
2288.696 |
1815.839 |
|
|
TOTAL |
6545.755 |
4229.252 |
1622.882 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2922.974 |
2869.456 |
2986.203 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1326.889 |
1210.573 |
548.797 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1596.085 |
1658.883 |
2437.406 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
420.206 |
460.565 |
166.756 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1175.879 |
1198.318 |
2270.650 |
|
|
|
|
|
|
|
Less |
TAX |
388.103 |
385.730 |
758.092 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
787.776 |
812.588 |
1512.558 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
3080.613 |
2448.025 |
1295.923 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Bonus Share Issued |
0.000 |
180.000 |
0.000 |
|
|
Proposed Dividend |
0.000 |
0.000 |
180.000 |
|
|
Corporate Dividend Tax |
0.000 |
0.000 |
29.200 |
|
|
General Reserve |
0.000 |
0.000 |
151.256 |
|
|
Balance Carried to the
B/S |
3868.389 |
3080.613 |
2448.025 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
39.39 |
40.63 |
75.63 |
KEY RATIOS
|
PARTICULARS |
|
30.06.2013 (12 Months) |
30.06.2012 (15 Months) |
31.03.2011 (12 Months) |
|
PAT / Total Income |
(%) |
8.32 |
11.45 |
32.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.66 |
17.80 |
51.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.13 |
11.12 |
29.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.35 |
0.86 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.00 |
1.95 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
0.98 |
1.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
30.06.2012 |
30.06.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
20.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
2627.781 |
3260.369 |
4048.145 |
|
Net worth |
2647.781 |
3460.369 |
4248.145 |
|
|
|
|
|
|
long-term borrowings |
5280.695 |
6369.189 |
7377.985 |
|
Short term borrowings |
0.000 |
362.381 |
1101.136 |
|
Total borrowings |
5280.695 |
6731.570 |
8479.121 |
|
Debt/Equity ratio |
1.994 |
1.945 |
1.996 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
30.06.2012 |
30.06.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4446.372 |
6731.986 |
9291.547 |
|
|
|
51.404 |
38.021 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
30.06.2012 |
30.06.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4446.372 |
6731.986 |
9291.547 |
|
Profit |
1512.558 |
812.588 |
787.776 |
|
|
34.02% |
12.07% |
8.48% |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
NOTE: The registered
office of the company has been shifted from 2/1A, Sarat Bose Road, 6th Floor,
Kolkata – 700020, West Bengal, India to present address w.e.f.29.05.2013.
OPERATIONS
The company value addition business of 1.2 MTPA seen the first full year of operations after commencement last year. The company achieved production volumes of 0.85 MT during the year contributing net revenue of Rs.6055.300 Millions i.e. around 65% of the total net revenues of the company. The company mining business also performed decently in spite of being faced with regulatory issues in Indian Mining Industry. The company achieved iron ore sales volume of 0.81 MT and manganese ore volumes of 0.04 MT during the year.
The company’s net income from operations is Rs.9291.500 Millions and profit after tax is Rs.787.700 Millions in financial year 2013. Since, the last accounting year was for a period of 15(fifteen) months, the current period's figures which are for 12 (Twelve) months are not comparable with the previous year's figures.
UNSECURED LOAN
(Rs. In Millions)
|
|
As on 30.06.2013 |
As on 30.06.2012 |
|
Long Term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
500.000 |
|
|
|
|
|
Total |
0.000 |
500.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10487186 |
26/03/2014 |
21,287,900,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, AS LENDERS AGENT, 2ND FLOOR, 34, RELIANCE HOUSE, J L NEHRU ROAD, KOLKATA - 700071, WEST BENGAL, INDIA |
C01220268 |
|
2 |
10487162 |
20/02/2014 |
15,220,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, AS LEAD BANK, 2ND FLOOR, RELIANCE HOUSE, 34, J L NEHRU ROAD, KOLKATA - 700071, WEST BENGAL, INDIA |
C01215078 |
|
3 |
10480990 |
30/01/2014 |
100,000,000.00 |
PUNJAB NATIONAL BANK |
52A, SHAKESPEARE SARANI, KOLKATA - 700017, WEST BENGAL, INDIA |
B97781777 |
|
4 |
10475876 |
18/01/2014 |
750,000,000.00 |
BANK OF BARODA |
INDIAN EXCHANGE PLACE BRANCH, 4, INDIAN EXCHANGE PLACE, KOLKATA - 700001, WEST BENGAL, INDIA |
B95610945 |
|
5 |
10465615 |
13/12/2013 |
1,000,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE
BRANCH, 3, NETAJI SUBHAS ROAD, |
B91721464 |
|
6 |
10465813 |
13/12/2013 |
1,200,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE
BRANCH, 3, NETAJI SUBHAS ROAD, |
B91819722 |
|
7 |
10462539 |
20/11/2013 |
1,490,000,000.00 |
PUNJAB NATIONAL BANK |
52A, SHAKESPEARE SARANI, KOLKATA - 700017, WEST BENGAL, INDIA |
B90469354 |
|
8 |
10454762 |
18/10/2013 |
1,500,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B87438057 |
|
9 |
10449728 |
20/09/2013 |
1,000,000,000.00 |
PUNJAB & SIND BANK |
IBD BRANCH, 14-15, OLD COURT STREET, KOLKATA - 700001, WEST BENGAL, INDIA |
B85269371 |
|
10 |
10449736 |
20/09/2013 |
1,000,000,000.00 |
PUNJAB & SIND BANK |
IBD BRANCH, 14-15, OLD COURT STREET, KOLKATA - 700001, WEST BENGAL, INDIA |
B85273951 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
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. 61.62 |
|
UK Pound |
1 |
Rs. 99.12 |
|
Euro |
1 |
Rs. 78.89 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
54 |
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.