MIRA
INFORM REPORT
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Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
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Name : |
TATA STEEL LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.08.1907 |
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Com. Reg. No.: |
11-000260 |
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Capital
Investment / Paid-up Capital : |
Rs. 9714.100 Millions |
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CIN No.: [Company Identification
No.] |
L27100MH1907PLC000260 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT00249E MUMT10796C |
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PAN No.: [Permanent Account No.] |
AAACT2803M AAATT0188H |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturers of Saleable Steel, Ferro Manganese, Charge Chrome,
Welded Steel Tubes, Cold Rolled Strips, Seamless Tubes, Carbon and Alloy
Steel Bearing Rings, Annular Forgings and Flanges, Metallurgical Machinery,
Ammonium Sulphate, Ordinary Cement, Fortland Blast Furnace Slag Cement, Alloy
Steel Ball Bearing Rings and Bearings. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (72) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
It is an old and well-established and a reputed company having a fine
track record. The rating reflects Tata Steel’s strong financial risk profile supported
by strong 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 commitments. The company can be considered good for normal 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real
estate outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = AA+ |
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Rating Explanation |
High degree of safety and very low credit risk. |
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Date |
October 22, 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
31-03-2014.
LOCATIONS
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Registered Office : |
Bombay House, 24 - Homi Mody Street, Fort, Mumbai - 400 001,
Maharashtra, India |
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Tel. No.: |
91-22-66658282 / 66657279 /
66657306 |
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Fax No.: |
91-22-66657724 / 66657725 / 66658113 |
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E-Mail : |
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Website : |
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Corporate Office : |
Design Call, 3rd Floor, General Office, Tata
Steel, |
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Websites: |
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Commercial Head Offices: |
Tata Centre, 43 Jawaharlal Nehru Road, Kolkata-700071, West Bengal, India |
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Tel. No.: |
91-33-22887051/ 9251 |
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Fax No.: |
91-33-22882079 |
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Sales Offices : |
Located at: · Jamshedpur · Guwahati · Mumbai · Ahmedabad · Indore · Nagpur · Pune · Aurangabad · Faridabad · Chadigarh · Kanpur · Ludhiana · Jaipur · Chennai · Bangalore · Secunderabad 52, Jawaharlal Nehru Road, Kolkata-700071 Tel. No.: 91-33-22887051/ 9251 Fax. No.: 91-33-22882079 |
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Factory 1 : |
Company’s Steel Works and Tubes Division\ Jamshedpur, Jharkhand, India |
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Factory 2 : |
Bearings Division Kharagpur, West Bengal, India |
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Factory 3 : |
Ferro Manganese Plant Joda, Odisha, India |
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Factory 4 : |
Charge Chrome Plant Bamnipal, Odisha, India |
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Factory 5 : |
Cold Rolling Complex Tarapur, Maharashtra, India |
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Factory 6 : |
Mines, Collieries and Quarries States of Jharkhand, India Odisha and Karnataka India |
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Factory 7 : |
Wire Division ·
Tarapur, Maharashtra, India ·
Bengaluru, Karnataka, India |
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Factory 8: |
Agrico Plant Indore, Madhya Pradesh, India |
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Factory 9 : |
Tata Steel, Grouwth Shop, Aditya Pur Complex, P/o Ghamaria, Jharkhand
– 832108, India |
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Tel. No.: |
91-657-6511388 / 2387512 |
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Overseas Offices: |
·
Port Talbot, UK ·
Scunthorpe, UK ·
Rotherham, UK ·
IJmuiden, Netherlands |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. Cyrus P. Mistry |
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Designation : |
Chairman |
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Name : |
Mr. B. Muthuraman |
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Designation : |
Vice Chairman |
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Name : |
Mr. Nusli N. Wadia |
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Designation : |
Director |
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Name : |
Mr. Jacobus Schraven |
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Designation : |
Director |
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Name : |
Mr. Andrew Robb |
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Designation : |
Director |
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Name : |
Mr. O. P. Bhatt |
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Designation : |
Director |
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Name : |
Mr. H. M. Nerurkar, |
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Designation : |
Managing Director, |
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Name : |
Mr. Ishaat Hussain |
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Designation : |
Director |
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Name : |
Mr. Subodh Bhargava |
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Designation : |
Director |
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Name : |
Mrs. Mallika Srinivasan |
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Designation : |
Director |
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Name : |
Mr. D. K. Mehrotra |
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Designation : |
Director |
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Name : |
Dr. Karl-Ulrich Koehler |
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Designation : |
Managing Director and Chief Executive
Officer |
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Name : |
Mr. Koushik Chatterjee |
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Designation : |
Executive Director and Group Chief
Financial Officer |
KEY EXECUTIVES
|
Name : |
Mr. A. Anjeneyan |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Category
of Shareholder |
Total
No. of Shares |
Total
Shareholding as a % of Total No. of Shares |
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(A) Shareholding
of Promoter and Promoter Group |
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303482902 |
32.02 |
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1031460 |
0.11 |
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1031460 |
0.11 |
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304514362 |
32.13 |
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Total
shareholding of Promoter and Promoter Group (A) |
304514362 |
32.13 |
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(B) Public
Shareholding |
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22390280 |
2.36 |
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4561340 |
0.48 |
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122659 |
0.01 |
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210754069 |
22.24 |
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176602122 |
18.63 |
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2476622 |
0.26 |
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2241541 |
0.24 |
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230931 |
0.02 |
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4150 |
0.00 |
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416907092 |
43.99 |
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24960479 |
2.63 |
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174398792 |
18.40 |
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27001909 |
2.85 |
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5625 |
0.00 |
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5625 |
0.00 |
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226366805 |
23.88 |
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Total Public
shareholding (B) |
643273897 |
67.87 |
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Total (A)+(B) |
947788259 |
100.00 |
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(C) Shares held
by Custodians and against which Depository Receipts have been issued |
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0 |
0.00 |
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23427146 |
0.00 |
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23427146 |
0.00 |
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Total
(A)+(B)+(C) |
971215405 |
100.00 |
(1) Indian
Bodies Corporate
Trusts
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Saleable Steel, Ferro Manganese, Charge
Chrome, Welded Steel Tubes, Cold Rolled Strips, Seamless Tubes, Carbon and
Alloy Steel Bearing Rings, Annular Forgings and Flanges, Metallurgical
Machinery, Ammonium Sulphate, Ordinary Cement, Fortland Blast Furnace Slag
Cement, Alloy Steel Ball Bearing Rings and Bearings. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
· State Bank of India · Bank of America · Central Bank of India · Bank of Baroda · Canara bank · Central Bank of India · Union Bank of India |
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Facilities : |
NOTE: Additional information: Details of outstanding secured borrowings are as
follows: Loan from Joint Plant
Committee – Steel Development Fund which includes funded interest Rs. 4064.500 millions (31.03.2012: Rs. 3161.300 Millions). It is repayable
in 16 equal semi-annual installments after completion of 4 years from the
date of receipt of the last
tranche. It is secured by
mortgages on the Company's immovable properties situated at Jamshedpur,
Dhanbad / West Bokaro and Adityapur in the state of Bihar (currently the
State of Jharkhand) together with all buildings and structures thereon to the
extent permitted to be mortgaged and all plant and machinery attached to the
earth or permanently fastened to the earth. The Company has filed a writ
petition before the High Court at Kolkata in February 2006 claiming waiver of
the outstanding loan and interest and refund of the balance lying with Steel
Development Fund and the matter is sub-judice. Loan from the Joint Plant
Committee-Steel Development Fund includes Rs. 15170.700 millions (31.03.2012:
Rs. 1,4118.400 Millions)
representing repayments and interest on earlier loans for which applications
of funding are awaiting sanction is not secured by charge on movable assets
of the Company. Terms of repayment of outstanding unsecured
borrowings are as follows: Bonds/Debentures 10.25% p.a. interest bearing 25,000 debentures
of face value Rs. 1000000 each are redeemable at par in 3 equal annual
installments commencing from 6th January, 2029. 10.25% p.a.
interest bearing 5,000 debentures of face value Rs. 1000000 each are
redeemable at par in 3 equal annual installments commencing from 22nd
December, 2028. 2.00% p.a.
interest bearing 15,000 debentures of face value Rs. 1000000 each are
redeemable at a premium of 85.03% of the face value on 23rd April, 2022 9.15% p.a.
interest bearing 5,000 debentures of face value Rs. 1000000 each are
redeemable at par on 24th January, 2021. 11.00% p.a.
interest bearing 15,000 debentures of face value Rs. 1000000 each are
redeemable at par on 19th May, 2019. 10.40% p.a.
interest bearing 6,509 debentures of face value Rs. 1000000 each are
redeemable at par on 15th May, 2019. 9.15% p.a.
interest bearing 5,000 debentures of face value Rs. 1000000 each are
redeemable at par on 24th January, 2019. 10.20% p.a.
interest bearing 6,200 debentures of face value Rs. 1000000 each are redeemable
on 7th May, 2015. 12.50% p.a.
interest bearing 12,500 debentures of face value Rs. 1000000 each are
redeemable in 3 equal annual installments commencing from 19th November,
2014. Term loans from banks USD 335.00 million equivalent to Rs. 18185.500 millions (31.03.2012: USD 335.000 million
equivalent to Rs. 17044.800
Millions) loan is repayable on 10th June, 2015. GBP 100.00 million equivalent to Rs. 8221.400 Millions (31.03.2012: GBP 100.00 million equivalent
to Rs. 8150.500 Millions) loan is repayable on 4th April,
2015. JPY 4.50 million equivalent to Rs. 2.600 millions (31.03.2012: Nil) loan is repayable
in 20 equal semi-annual installments commencing from 27th July, 2014. USD 19.59 million equivalent to Rs. 1063.600 millions (31.03.2012: Nil) loan is repayable
on 4th June, 2014. Indian rupee
loan amounting Rs. 15000.000 millions(31.03.2012: Rs. 1,5000.000 Millions) is repayable
on 28th July, 2013. Euro 48.63 million equivalent to Rs. 3384.600 millions (31.03.2012: Euro 54.04 million equivalent
to Rs. 3670.300 Millions) loan
is repayable in 18 equal semi-annual installments; the next installment is
due on 6th July, 2013 Euro 28.16 million equivalent to Rs. 1959.500 millions (31.03.2012: Euro 32.85 million equivalent
to Rs. 2231.100 Millions) loan
is repayable in 12 equal semi-annual installments; the next installment is
due on 1st July, 2013. Euro 4.85 million equivalent to Rs. 337.500 Millions (31.03.2012: Euro 5.82 million equivalent
to Rs. 395.200 Millions) loan is repayable in 10 equal semi-annual
installments; the next installment is due on 2nd May, 2013. Euro 181.50 million equivalent to Rs. 12631.500 millions (31.03.2012: Euro 183.01 million
equivalent to Rs. 12430.300 Millions) loan is repayable in 19 equal
semi-annual installments; the next installment is due on 30th April, 2013. Indian rupee
loan amounting Rs. 20000.000 millions
(31.03.2012: Rs. 5000.000 Millions) is repayable in 9 semi-annual
installments commencing from 30th April, 2013. JPY 35,799.00 million equivalent to Rs. 20613.000 millions (31.03.2012: JPY 71,598.00 million
equivalent to Rs. 44376.400 Millions) syndicated loan is repayable in 2
equal semi-annual installments; the next installment is due on 11th April, 2013. Term loans from financial institutions and others Indian rupee
loan amounting Rs. 6500.000 millions
(31.03.2012: Rs. 6500.000 Millions) is repayable on 16th June, 2019. Indian rupee loan amounting Rs. 1990.000 millions (31.03.2012:
Rs. 1990.000 Millions) is repayable on 30th June, 2016. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Messrs Deloitte Haskin and Sells Chartered Accountants |
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Subsidiaries : |
·
Adityapur Toll Bridge
Company Limited, India ·
Gopalpur Special
Economic Zone Limited, India ·
Jamshedpur Utilities and Services Company Limited
India o
Haldia Water Management Limited, India o
Naba Diganta Water Management Limited, India o
SEZ Adityapur Limited, India ·
Kalimati Investment
Company Limited, India ·
Bangla Steel and Mining Company Limited, Bangladesh ·
Lanka Special Steels
Limited, Sri Lanka ·
NatSteel Asia Pte.
Limited, Singapore Tata Steel Asia (Hong Kong) Limited Hongkong S.A.R. Tata Steel Resources Australia Pty. Limited, Australia ·
Sila Eastern Limited * A Thailand ·
T S Alloys Limited India ·
Tata Incorporated USA ·
Tata Korf Engineering
Services Limited India ·
Tata Metaliks Limited India ·
Tata Metaliks Kubota Pipes Limited India ·
Tayo Rolls Limited India ·
Tata Steel (KZN) (Pty)
Limited South Africa ·
Tata Steel Holdings
Pte. Limited Singapore ·
Tata Steel Global
Holdings Pte. Limited Singapore ·
Orchid Netherlands
(No.1) B.V. Netherlands ·
II. NatSteel Holdings Pte. Limited Singapore o
Best Bar Pty. Limited, Australia o
Best Bar (VIC) Pte. Limited, Australia o
Burwill Trading Pte. Limited ,Singapore o
Easteel Construction Services Pte. Limited,
Singapore o
Easteel Services (M) Sdn. Bhd. , Malaysia o
Eastern Steel Fabricators Philippines, Inc.
Philippines o
Eastern Steel Services Pte. Limited, Singapore o
Eastern Wire Pte. Limited, Singapore o
NatSteel (Xiamen) Limited China o
NatSteel Asia (S) Pte. Limited, Singapore o
NatSteel Australia Pty. Limited, Australia o
NatSteel Equity IV Pte. Limited, Singapore o
NatSteel Recycling Pte Limited, Singapore o
NatSteel Trade International ·
(Shanghai) Company Limited, China o
NatSteel Trade International Pte. Limited,
Singapore o
NatSteel Vina Company Limited, Vietnam o
PT Material Recycling Indonesia, Indonesia o
The Siam Industrial Wire Company Limited
,Thailand o
TSN Wires Company Limited* Thailand o
Wuxi Jinyang Metal Products Company Limited*,
China ·
III. Tata Steel Europe Limited, UK o
Almana Steel Dubai (Jersey) Limited, Jersey o
Apollo Metals Limited, USA o
Ashorne Hill Management College, UK o
Augusta Grundstucks GmbH, Germany o
Automotive Laser Technologies Limited, UK o
B S Pension Fund Trustee Limited, UK o
Bailey Steels Limited, UK o
Beheermaatschappij Industriele Produkten B.V. ,
Netherlands o
Belfin Beheermaatschappij B.V. , Netherlands o
Bell and Harwood Limited, UK o
Blastmega Limited, UK o
Blume Stahlservice GmbH, Germany o
Blume Stahlservice Polska Sp.Z.O.O , Poland o
Bore Samson Group Ltd, UK o
Bore Steel Limited, UK o
British Guide Rails Limited, UK o
British Steel Corporation Ltd, UK o
British Steel De Mexico S.A. de C.V., Mexico o
British Steel Directors (Nominees) Limited, UK o
British Steel Employee Share Ownership Trustees
Limited, UK o
British Steel Engineering Steels (Exports)
Limited, UK o
British Steel Nederland International B.V. ,
Netherlands o
British Steel Samson Limited, UK o
British Steel Service Centres Limited, UK o
British Steel Tubes Exports Limited, UK o
British Tubes Stockholding Limited, UK o
Bs Quest Trustee Limited, UK o
Burgdorfer Grundstuecks GmbH, Germany o
C V Benine, Netherlands o
C Walker and Sons Limited, UK o
Catnic GmbH, Germany o
Catnic Limited ,UK o
Cbs Investissements SAS, France o
Cladding and Decking (UK) Limited, UK o
Cogent Power Electrical Steels Limited, UK o
Cogent Power Inc. , Canada o
Cogent Power SA DE CV, Mexico o
Cogent Power Inc. USA o
Cogent Power Limited, UK o
Cold drawn Tubes Limited* UK o
Color Steels Limited, UK o
Corbeil Les Rives SCI, France o
Corby (Northants) and District Water Company, UK o
Cordor (Cand B) Limited, UK o
Corus Aerospace Service Centre Suzhou Co Limited,
China o
Corus Aluminium Verwaltungsgesellschaft Mbh
Germany o
Corus Beteiligungs GmbH, Germany o
Corus Building Systems Bulgaria AD Bulgaria o
Corus Building Systems N.V. Belgium o
Corus Building Systems SAS, France o
Corus Byggsystem AB Sweden o
Corus CNBV Investments, UK o
Corus Coatings Usa Inc. USA o
Corus Cold drawn Tubes Limited, UK o
Corus Consulting B.V.* Netherlands o
Corus Engineering Steels (UK) Limited, UK o
Corus Engineering Steels Holdings Limited, UK o
Corus Engineering Steels Limited, UK o
Corus Engineering Steels Overseas Holdings
Limited, UK o
Corus Finance Limited* UK o
Corus Group Limited, UK o
Corus Holdings Limited UK o
Corus International (Overseas Holdings) Limited
UK o
Corus International Bulgaria Limited* Bulgaria o
Corus International Limited UK o
Corus International Romania SRL. Romania o
Corus Investments Limited UK o
Corus Ireland Limited Ireland o
Corus Large Diameter Pipes Limited UK o
Corus Liaison Services (India) Limited UK o
Corus Management Limited UK o
Corus Norge A/S* Norway o
Corus Packaging Plus Norway AS Norway o
Corus Primary Aluminium B.V. Netherlands o
Corus Properties (Germany) Limited UK o
Corus Property UK o
Corus Republic Of Ireland Subsidiaries Pension
Scheme Trustee Limited Ireland o
Corus Service Center Milano Spa Italy o
Corus Service Centre Limited N Ireland o
Corus Sheet and Tube Inc. USA o
Corus Steel Service STP LLC Russia o
Corus Trico Holdings Inc. USA o
Corus Tubes Poland Spolka Z.O.O Poland o
Corus UK Healthcare Trustee Limited UK o
Corus Ukraine LLC Ukraine o
Cpn (85) Limited UK o
Crucible Insurance Company Limited I of Man o
Degels GmbH Germany o
Demka B.V. Netherlands o
Dsrm Group Plc. UK o
Eric Olsson and Soner Forvaltnings AB Sweden o
Esmil B.V. Netherlands o
Euro-Laminations Limited UK o
Europressings Limited UK o
Firsteel Group Limited UK o
Firsteel Holdings Limited UK o
Firsteel Strip Mill Products Limited UK o
Fischer Profil GmbH Germany o
Gamble Simms Metals Limited Ireland o
Grant Lyon Eagre Limited UK o
H E Samson Limited UK o
Hadfields Holdings Limited UK o
Hammermega Limited UK o
Harrowmills Properties Limited UK o
Hille and Muller GmbH Germany o
Hille and Muller Usa Inc. USA o
Hoogovens (UK) Limited UK o
Hoogovens Aluminium UK Limited UK o
Hoogovens Finance B.V. Netherlands o
Hoogovens Technical Services Mexico De S. De R.L.
De C.V.* Mexico o
Hoogovens Usa Inc. USA o
Huizenbezit “Breesaap” B.V. Netherlands o
Ickles Cottage Trust UK o
Immobilliere De Construction De Maubeuge Et
Louvroil SAS France o
Industrial Steels Limited* UK o
Inter Metal Distribution SAS France o
Kalzip Asia Pte Limited Singapore o
Kalzip FZE* UAE o
Kalzip GmbH Germany o
Kalzip GmbH Austria o
Kalzip Guangzhou Limited China o
Kalzip Inc USA o
Kalzip India Private Limited India o
Kalzip Italy SRL Italy o
Kalzip Limited UK o
Kalzip Spain S.L.U. Spain o
Layde Steel S.L. Spain o
Lister Tubes Limited Ireland o
London Works Steel Company Limited UK o
Midland Steel Supplies Limited UK o
Mistbury Investments Limited UK o
Montana Bausysteme AG Switzerland o
Myriad Deutschland GmbH Germany o
Myriad Espana Sl Spain o
Myriad Nederland B.V. Netherlands o
Namascor B.V. Netherlands o
Nationwide Steelstock Limited UK o
Oostflank B.V. Netherlands o
Orb Electrical Steels Limited UK o
Ore Carriers Limited UK o
Oremco Inc. USA o
Plated Strip International Limited UK o
Precoat International Limited UK o
Precoat Limited UK o
Rafferty-Brown Steel Co Inc Of Conn. USA o
Richard Thomas And Baldwins 1978 Limited New
Zealand o
Round Oak Steelworks Limited UK o
Runblast Limited UK o
Runmega Limited UK o
S A B Profiel B.V. Netherlands o
S A B Profil GmbH Germany o
Scrap Processing Holding B.V. Netherlands o
Seamless Tubes Limited UK o
Service Center Gelsenkirchen GmbH Germany o
Service Centre Maastricht B.V. Netherlands o
SIA Corus Building Systems Latvia o
Simiop Investments Limited UK o
Simiop Limited UK o
Skruv Erik AB Sweden o
Societe Europeenne De Galvanisation (Segal) Sa
Belgium o
Staalverwerking En Handel B.V. Netherlands o
Stainless Velsen-Noord BV Netherlands o
Steel StockHoldings Limited UK o
Steelstock Limited UK o
Stewarts and Lloyds Of Ireland Limited Ireland o
Stewarts And Lloyds (Overseas) Limited UK o
Stocksbridge Works Cottage Trust Limited UK o
Stuwadoorsbedrijf Velserkom B.V. Netherlands o
Surahammar Bruks AB Sweden o
Swinden Housing Association UK o
Tata Steel Belgium Packaging Steels N.V. Belgium o
Tata Steel Belgium Services N.V. Belgium o
Tata Steel Denmark Byggsystemer A/S Denmark o
Tata Steel Europe Distribution BV Netherlands o
Tata Steel Europe Metals Trading BV Netherlands o
Tata Steel France Batimentet Systemes SAS France o
Tata Steel France Holdings SAS France o
Tata Steel France Rail SA France o
Tata Steel Germany GmbH Germany o
Tata Steel Hungary LLC Hungary o
Tata Steel Ijmuiden BV Netherlands o
Tata Steel International (Americas) Holdings Inc
USA o
Tata Steel International (Americas) Inc USA o
Tata Steel International (Australasia) Limited
New Zealand o
Tata Steel International (Benelux) BV Netherlands o
Tata Steel International (Canada) Holdings Inc
Canada o
Tata Steel International Czech (Czech Republic)
S.R.O Republic o
Tata Steel International (Denmark) A/S Denmark o
Tata Steel International (Finland) OY Finland o
Tata Steel International (France) SAS France o
Tata Steel International (Germany) GmbH Germany o
Tata Steel International (South America)
Representações LTDA Brazil o
Tata Steel International Hellas SA Greece o
Tata Steel International (Italia) SRL Italy o
Tata Steel International (Middle East) FZE UAE o
Tata Steel International (Nigeria) Limited
Nigeria o
Tata Steel International (North America) Limited*
USA o
Tata Steel International (Poland) sp Z.O.O.
Poland o
Tata Steel International (Schweiz) AG Switzerland o
Tata Steel International (Sweden) AB Sweden o
Tata Steel International (UK) Limited* UK o
Tata Steel International (India) Limited India o
Tata Steel International Iberica SA Spain o
Tata Steel Istanbul Metal Sanayi ve Ticaret AS
Turkey o
Tata Steel Logistics and Shipping BV Netherlands o
Tata Steel Maubeuge SAS France o
Tata Steel Nederland BV Netherlands o
Tata Steel Nederland Consulting and Technical
Services BV Netherlands o
Tata Steel Nederland Investment BV Netherlands o
Tata Steel Nederland Perfo BV Netherlands o
Tata Steel Nederland Services BV Netherlands o
Tata Steel Nederland Star-Frame BV Netherlands o
Tata Steel Nederland Technology BV Netherlands o
Tata Steel Nederland Tubes BV Netherlands o
Tata Steel Netherlands Holdings B.V. Netherlands o
Tata Steel Norway Byggsystemer A/S Norway o
Tata Steel Speciality Service Centre Xian Company
Limited China o
Tata Steel UK Consulting Limited UK o
Tata Steel UK Holdings Limited UK o
Tata Steel UK Limited UK o
Tata Steel UK Rail Consultancy Limited UK o
Tata Steel Usa Inc. USA o
The Newport And South Wales Tube Company Limited
UK o
The Stanton Housing Company Limited UK o
The Steel Company Of Ireland Limited Ireland o
The Templeborough Rolling Mills Limited UK o
Thomas Processing Company USA o
Thomas Steel Strip Corp. USA o
Tinsley Trailers Limited UK o
Toronto Industrial Fabrications Limited UK o
Trierer Walzwerk GmbH Germany o
Tulip UK Holdings (No.2) Limited UK o
Tulip UK Holdings (No.3) Limited UK o
Tuscaloosa Steel Corporation USA o
U.E.S. Bright Bar Limited UK o
UK Steel Enterprise Limited UK o
Ukse Fund Managers (General Partner) Limited UK o
Ukse Fund Managers Limited UK o
Unitol SAS France o
Vlietjonge BV* Netherlands o
Walker Manufacturing And Investments Limited UK o
Walkersteelstock Ireland Limited Ireland o
Walkersteelstock Limited UK o
Westwood Steel Services Limited UK o
Whitehead (Narrow Strip) Limited UK ·
IV. Tata Steel Global Minerals Holdings Pte
Limited Singapore o
Al Rimal Mining LLC Oman o
Black Ginger 461 (Proprietary) Ltd South Africa o
Kalimati Coal Company Pty. Limited Australia o
Sedibeng Iron Ore Pty. Limited South Africa o
Tata Steel Cote D’ Ivoire S.A Ivory Coast o
Tata Steel Minerals UK Limited UK o
Tata Steel Minerals Canada Limited Canada o
T S Canada Capital Ltd* Canada ·
V. Tata Steel International (Singapore)
Holdings Pte. Limited Singapore o
TSIA Holdings (Thailand) Limited Thailand o
Tata Steel International (Guangzhou) Limited*
China o
Tata Steel International (Shanghai) Limited China o
Tata Steel International (Malaysia) Sdn. Bhd. Malaysia o
Tata Steel International (Thailand) Limited
Thailand o
Tata Steel International (Singapore) Pte. Limited
Singapore o
Tata Steel International Hong Kong (Asia) Limited
S.A.R o
Tata Steel International Hong Kong (Hongkong)
Limited* S.A.R ·
VI. Tata Steel (Thailand) Public Company
Limited Thailand o
N.T.S Steel Group Plc. Thailand o
The Siam Construction Steel Company Limited
Thailand o
The Siam Iron And Steel (2001) Company Limited
Thailand ·
VII. Tata Steel Global Procurement Company
Pte. Limited Singapore o
ProCo Issuer Pte. Limited Singapore ·
Tata Steel Processing and Distribution Limited India ·
TM International Logistics Limited India o
International Shipping Logistics FZE UAE o
TKM Global China Limited China o
TKM Global GmbH Germany o
TKM Global Logistics Limited India o
TM Harbour Services Private Limited India ·
Indian Steel and Wire Products Limited India ·
The Tata Pigments Limited India ·
T M Mining Company Limited India ·
Jamshedpur Continuous Annealing and Processing
Company Private Limited India ·
The Tinplate Company of India Limited India ·
Tata Sponge Iron Limited # India o
TSIL Energy Limited* India ·
xxiii) Tata Steel Odisha Limited * India |
|
|
|
|
Joint Venture Company : |
·
Tata Steel Limited ·
Bhubaneshwar Power Private Limited India ·
Himalaya Steel Mill Services Private Limited
India ·
mjunction services limited India ·
S and T Mining Company Private Limited India ·
Tata BlueScope Steel Limited India ·
Tata NYK Shipping Pte Limited Singapore ·
The Dhamra Port Company Limited India ·
Tata Steel Holdings Pte. Limited ·
Tata Steel Global Holdings Pte Limited ·
Tata Steel Europe Limited ·
Afon Tinplate Company Limited UK ·
Air Products Llanwern Limited UK ·
B V Ijzerleew* Netherlands ·
Bsr Pipeline Services Limited UK ·
Caparo Merchant Bar Plc UK ·
Corus Cogifer Switches And Crossings Limited* UK ·
Corus Kalpinis Simos Cladding Industry SA Greece ·
Danieli Corus Technical Services B.V. Netherlands ·
Fabsec Limited UK ·
Hks Scrap Metals B.V.* Netherlands ·
Ijzerhandel Geertsema Staal B.V.* Netherlands ·
Industrial Rail Services Ijmond B.V. Netherlands ·
Laura Metaal Holding B.V. Netherlands ·
Norsk Stal AS Norway ·
Norsk Stal Tynnplater AS Norway ·
Ravenscraig Limited UK ·
Redcar Bulk Terminal Limited UK ·
Tata Elastron Steel Service Center SA Greece ·
Tata Steel Ticaret AS Turkey ·
Texturing Technology Limited UK ·
Tata Steel Global Minerals Holdings Pte. Limited ·
1. Rio Tinto Benga (Mauritius) Limited Mauritius |
|
|
|
|
Associates Companies : |
·
Kalimati Investment Company Limited ·
Rujuvalika Investments Limited India ·
NatSteel Asia Pte. Limited ·
SteelAsia Development and Management Corp.
Philippines ·
SteelAsia Industries Inc. Philippines ·
SteelAsia Manufacturing Corporation Philippines ·
Tata Incorporated ·
TKM Overseas Limited UK ·
Tata Steel Limited ·
Indian Steel Rolling Mills Limited* India ·
Industrial Energy Limited India ·
Jamipol Limited India ·
Kalinga Aquatics Limited India ·
Kumardhubi Fireclay and Silica Works Limited
India ·
Kumardhubi Metal Casting and Engineering Limited
India ·
Nicco Jubilee Park Limited India ·
Strategic Energy Technology Systems Private
Limited India ·
Tata Construction and Projects Limited India ·
Tata Sponge Iron Limited# India ·
TRL Krosaki Refractories Limited India ·
TRF Limited India ·
Tata Steel Holdings Pte. Limited ·
Tata Steel Global Holdings Pte Limited ·
Tata Steel International (Singapore) Holdings
Pte. Limited ·
European Profiles (M) Sdn. Bhd. Malaysia ·
Tata Steel Europe Limited ·
Ab Norskstal AS Norway ·
Albi Profils SRL France ·
Appleby Frodingham Cottage ·
Trust Limited UK ·
Combulex B.V. Netherlands ·
Cv Gasexpansie Ijmond Netherlands ·
Danieli Corus Canada Inc. Canada ·
Danieli Corus Asia B.V. Netherlands ·
Danieli Corus B.V. Netherlands ·
Danieli Corus Braseq Ltda. Brazil ·
Danieli Corus Construction Services B.V.
Netherlands ·
Danieli Corus Construction Services Usa Inc. USA ·
Danieli Corus Do Brasil Ltda. Brazi ·
Danieli Corus Inc. USA ·
Danieli Corus Services Usa Inc. USA ·
Danieli Corus India Private Limited India ·
European Profiles (Marketing) Sdn.Bhd. Malaysia ·
Galvpro LP. USA ·
Gietwalsonderhoudcombinatie B.V. Netherlands ·
Hoogovens Court Roll Service Technologies Vof:
Netherlands ·
Hoogovens Gan Multimedia S.A. De C.V. Mexico ·
Isolation Du Sud SA France ·
Issb Limited UK ·
MDC Sublance Probe Technology Shanghai ·
Richard Lees Steel Decking Asia Snd. Bhd.
Malaysia ·
Rsp Holding B.V.* Netherlands ·
Schreiner Fleischer AS Norway ·
Shanghai Bao Yi Beverage Can Making Company
Limited* China ·
Thoresen and Thorvaldsen AS Norway ·
Trico LLC USA ·
Weirton/Hoogovens GP USA ·
Wupperman Staal Nederland B.V. Netherlands ·
Tata Steel Global Minerals Holdings Pte Limited ·
New Millennium Iron Corp. Canada ·
vi) Indian Steel and Wire Products Limited ·
1. Metal Corporation of India Limited India |
|
|
|
|
Promoters holding together with its subsidiary is more than 20% : |
Tata Sons Limited |
NOTE:
* Part of the
year.
# Earlier an
associate, became subsidiary during the year.
A By virtue of management control.
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 9714.100 Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000000 |
Ordinary Shares |
Rs.10/- each |
Rs.17500.000 Millions |
|
350000000 |
"A" Ordinary Shares |
Rs.10/- each |
Rs.3500.000 Millions |
|
25000000 |
Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.2500.000 Millions |
|
600000000 |
Cumulative Convertible Preference Shares |
Rs.100/- each |
Rs.60000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.83500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
972126020 |
Ordinary Shares |
Rs.10/- each |
Rs.9721.300 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
971215229 |
Ordinary Shares |
Rs.10/- each |
Rs.9712.100 Millions |
|
|
Amount paid up on 3,89,516 Ordinary Shares forfeited |
|
Rs. 2.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 9714.100 Millions
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
9,714.100 |
9714.100 |
9714.100 |
|
(b) Reserves & Surplus |
601,765.800 |
542382.700 |
512450.500 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Hybrid perpetual securities |
22,750.000 |
22750.000 |
22750.000 |
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
634,229.900 |
574846.800 |
544914.600 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
238,080.900 |
235655.700 |
213532.000 |
|
(b) Deferred tax liabilities (Net) |
20,389.800 |
18437.400 |
9705.100 |
|
(c) Other long term liabilities |
9,835.200 |
3808.700 |
2980.300 |
|
(d) long-term provisions |
19,050.500 |
21134.200 |
18513.000 |
|
Total
Non-current Liabilities (3) |
287,356.400 |
279036.000 |
244730.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
436.900 |
709.400 |
656.200 |
|
(b) Trade payables |
82,721.100 |
63699.100 |
58839.200 |
|
(c) Other current liabilities |
86,631.700 |
85035.400 |
87165.700 |
|
(d) Short-term provisions |
19,028.100 |
15442.600 |
21723.800 |
|
Total
Current Liabilities (4) |
188,817.800 |
164886.500 |
168384.900 |
|
|
|
|
|
|
TOTAL |
1,110,404.100 |
1018769.300 |
958029.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
427,751.500 |
246505.400 |
111423.600 |
|
(ii) Intangible Assets |
0.000 |
2245.100 |
2239.000 |
|
(iii) Capital work-in-progress |
0.000 |
87222.900 |
160467.500 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
523,185.600 |
499848.000 |
490783.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
40,800.700 |
65741.500 |
63010.800 |
|
(e) Other Non-current assets |
3,020.300 |
1900.400 |
1909.800 |
|
Total
Non-Current Assets |
994,758.100 |
903463.300 |
829834.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
23,432.400 |
4340.000 |
12041.700 |
|
(b) Inventories |
60,078.100 |
52579.400 |
48589.900 |
|
(c) Trade receivables |
7,708.100 |
7969.200 |
9040.800 |
|
(d) Cash and cash equivalents |
9,611.600 |
22181.100 |
39469.900 |
|
(e) Short-term loans and advances |
12,992.000 |
22078.300 |
18292.500 |
|
(f) Other current assets |
1,823.800 |
6158.000 |
760.900 |
|
Total
Current Assets |
115,646.000 |
115306.000 |
128195.700 |
|
|
|
|
|
|
TOTAL |
1,110,404.100 |
1018769.300 |
958029.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
Revenue from operations |
412712.400 |
381994.300 |
339334.600 |
|
|
|
Other Income |
12274.300 |
9020.400 |
8864.300 |
|
|
|
TOTAL (A) |
424986.700 |
391014.700 |
348198.900 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Raw material consumed |
96777.100 |
98774.000 |
80143.700 |
|
|
|
Purchases of Stock-in-Trade |
3526.300 |
4533.400 |
2095.200 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
(1551.800) |
(4046.000) |
(2207.200) |
|
|
|
Employees benefits expense |
36815.800 |
36085.200 |
30472.600 |
|
|
|
Exceptional item |
1417.600 |
6745.300 |
(5110.100) |
|
|
|
Purchase of power |
25646.100 |
0.000 |
0.000 |
|
|
|
Freight and handling charges |
27550.800 |
0.000 |
0.000 |
|
|
|
Expenditure (other than interest) transfer to capital and other
accounts |
0.000 |
(8761.300) |
(4782.300) |
|
|
|
Other expenses |
100177.000 |
144146.600 |
118244.900 |
|
|
|
TOTAL (B) |
290358.900 |
277477.200 |
218856.800 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
134627.800 |
113537.500 |
129342.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18205.800 |
18767.700 |
19254.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
116422.000 |
94769.800 |
110087.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19287.000 |
16403.800 |
11514.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
97135.000 |
78366.000 |
98573.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
33013.100 |
27736.300 |
31609.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
64121.900 |
50629.700 |
66964.200 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
246161.700 |
211450.400 |
166394.600 |
|
|
|
|
|
|
|
|
|
Less |
Balance of Centennial Steel Company Limited on
amalgamation |
NA |
0.000 |
8.700 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
5063.000 |
6696.400 |
|
|
|
Dividend |
NA |
7769.700 |
11654.600 |
|
|
|
Tax on Dividend |
NA |
1287.300 |
1815.700 |
|
|
|
Distribution on Hybrid Perpetual
Securities |
NA |
1798.400 |
1733.000 |
|
|
|
Transfer to Debenture Redemption Reserve |
NA |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
246161.700 |
211450.400 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of steel and other materials (F.O.B.) |
NA |
23410.800 |
18048.700 |
|
|
|
Interest received |
NA |
251.700 |
755.500 |
|
|
|
Others |
NA |
72.000 |
59.700 |
|
|
TOTAL EARNINGS |
NA |
23734.500 |
18863.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
56895.600 |
59121.400 |
|
|
|
Semi-finished products |
NA |
1328.000 |
358.500 |
|
|
|
Components, stores and spare parts |
NA |
8806.600 |
4663.400 |
|
|
|
Capital Goods |
NA |
16544.600 |
14252.300 |
|
|
TOTAL IMPORTS |
NA |
83574.800 |
78395.600 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
64.21 |
50.28 |
67.84 |
|
|
|
Diluted |
64.21 |
50.28 |
66.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
23.53 |
12.95
|
19.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.08 |
20.51
|
29.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.54 |
18.15
|
32.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.14
|
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.37 |
0.41
|
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.61 |
0.70
|
0.76 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
9714.100 |
9714.100 |
9714.100 |
|
Reserves & Surplus |
512450.500 |
542382.700 |
601765.800 |
|
Hybrid perpetual securities |
22750.000 |
22750.000 |
22750.000 |
|
Net
worth |
544,914.600 |
574,846.800 |
634,229.900 |
|
|
|
|
|
|
long-term borrowings |
213532.000 |
235655.700 |
238080.900 |
|
Short term borrowings |
656.200 |
709.400 |
436.900 |
|
Total
borrowings |
214,188.200 |
236,365.100 |
238,517.800 |
|
Debt/Equity
ratio |
0.393 |
0.411 |
0.376 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
339,334.600 |
381,994.300 |
412,712.400 |
|
|
|
12.572 |
8.042 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
339,334.600 |
381,994.300 |
412,712.400 |
|
Profit/(Loss) After Tax |
66,964.200 |
50,629.700 |
64,121.900 |
|
|
19.73% |
13.25% |
15.54% |
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 |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
LITIGATION DETAILS
|
CASE DETAILS BENCH: BOMBAY |
||||||
|
Presentation
Date : - 25.07.2013 |
||||||
|
Lodging No: CEXAL/224/2013 Filing Date:
25.07.2013 Reg. No.: CEXA/183/2013 Reg. Date: 24.08.2013 |
||||||
|
Petitioner: |
THE COMMISSIONER
OF CENTRAL EXCIES |
Respondent: |
M/S. TATA STEEL
LIMITED (Wire Division) |
|||
|
Petn. Adv: |
J.B. MISHRA (0) |
Resp. Adv.:- |
PDS LEGAL (0) |
|||
|
District: MUMBAI |
||||||
|
Bench: DIVISION |
||||||
|
Status: |
Admitted
(Unready)
|
Category:- |
CENTRAL EXCIES
APPLICATION (CEXA) |
|||
|
Last Date :- |
21.07.2014
|
Stage : - |
FRESH ADMISSION |
|||
|
Last Coram:- HON’BLE SHRI JUSTICE S.C. DHARMADHIKARI HON’BLE SHRI JUSTICE B.P. COLABAWALLA |
||||||
|
|
||||||
|
ACT: Central Excise and Salt Act UNDER SECTION: 35G |
||||||
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Bonds/Debentures |
|
|
|
Non-convertible debentures |
NA |
114428.700 |
|
4.5% Foreign Currency Convertible Bonds |
NA |
29690.400 |
|
|
|
|
|
Term loans |
|
|
|
From banks |
NA |
62686.400 |
|
From financial institutions and others |
NA |
8490.000 |
|
Deferred payment liabilities |
NA |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans |
NA |
709.400 |
|
|
|
|
|
TOTAL |
NA |
216004.900 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10275985 |
22/03/2011 |
25,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI,
MAHARASHTRA - 400001, INDIA |
B09107665 |
|
2 |
10284537 |
21/03/2011 |
5,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI,
MAHARASHTRA - 400001, INDIA |
B09107228 |
|
3 |
10221539 |
23/03/2010 |
900,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, 2ND FLOOR, RELIANCE HOUSE, 34
JAWAHARLAL NEHRU RD, KOLKATA, West Bengal - 700071, INDIA |
A85590131 |
|
4 |
10162776 |
03/06/2009 |
15,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A64008121 |
|
5 |
10139603 |
22/01/2009 |
32,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A55101307 |
|
6 |
10087868 |
31/03/2008 * |
2,250,000,000.00 |
STATE BANK OF INDIA - LEAD BANK |
CORPORATE ACCOUNTS GROUP BRANCH, 2ND FLOOR, RELIANCE HOUSE, 34
JAWAHARLAL NEHRU RD, KOLKATA, West Bengal - 700071, INDIA |
A35934983 |
|
7 |
10022079 |
15/06/2010 * |
20,000,000,000.00 |
STATE BANK OF INDIA |
STATE BANK BHAVAN, MADAME CAMA ROAD, MUMBAI, Maharashtra - 400021,
INDIA |
A88501382 |
|
8 |
80032265 |
14/06/2007 * |
3,370,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
CORPORATE ACCOUNTS GROUP BRANCH, 2ND FLOOR, RELIANCE HOUSE, 34
JAWAHARLAL NEHRU RD, KOLKATA, WEST BENGAL - 700071, INDIA |
A18062745 |
|
9 |
90223392 |
21/03/2002 * |
3,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, 2ND FLOOR, RELIANCE HOUSE, 34
JAWAHARLAL NEHRU RD, KOLKATA, West Bengal - 700071, INDIA |
- |
|
10 |
90242384 |
16/10/2002 |
300,000,000.00 |
STATE BANK OF INDIA |
S. & S. DIVISION, MUMBAI SAMACHAR MARG PO. NO. 13, MUMBAI,
Maharashtra - 400023, INDIA |
- |
|
11 |
90240897 |
02/08/2002 |
400,000,000.00 |
BANK OF AMERICA |
EXPRESS TOWERS, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
12 |
90223329 |
21/03/2002 * |
2,000,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION, MULLA HOUSE; 51; M.G. ROAD, BOMBAY, Maharashtra
- 400023, INDIA |
- |
|
13 |
90220420 |
06/12/2001 |
2,000,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMITED |
JAHANGIR WADIA BUILDING;, 51; MAHATMA GANDHUI ROA |
- |
|
14 |
90220412 |
31/08/2001 |
2,000,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMITED |
JAHANGIR WADIA BUILDING; 51; MAHATMA GANDHUI ROAD, BOMBAY, Maharashtra
- 400023, INDIA |
- |
|
15 |
90223277 |
21/03/2002 * |
1,000,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEES SECTION, JAHANGIR WADIA BLDG; 51; M.G. ROAD,
BOMBAY, Maharashtra - 400023, INDIA |
- |
|
16 |
90220408 |
28/06/2001 |
2,000,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMITED |
JAHANGIR WADIA BUILDING;, 51; MAHATMA GANDHUI ROA |
- |
|
17 |
90240759 |
28/02/2001 |
400,000,000.00 |
JAMMU & KASHMIR BANK LTD |
LAL BAUG, BARODA, Gujarat - 390011, INDIA |
- |
|
18 |
90223202 |
03/11/2000 |
3,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, 20TH FLOOR; EXPRESS TOWERS; NARIMAN
POINT, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
19 |
90223129 |
31/03/2000 |
6,000,000,000.00 |
JOINT PLANT COMMITTEE |
ISPAT NIKETAN; 52/1A, BALLUGUNGE CIRCLE ROAD, CALCUTTA, West Bengal -
700019, INDIA |
- |
|
20 |
90223025 |
20/10/1999 * |
315,100,000.00 |
CENTRAKL BANK OF INDIA |
CORPORATE FINANCE BRANCH; CENTRAL BANK BUILDING, 1ST FLOOR; 51 M.G
ROAD, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
21 |
90223008 |
24/06/1999 * |
500,000,000,000.00 |
INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER; WTC COMPLEX, CUFFE PARADE, BOMBAY, MAHARASHTRA - 400005,
INDIA |
- |
|
22 |
80013039 |
24/06/1999 * |
5,000,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
23 |
90240550 |
01/03/1999 |
150,000,000.00 |
BANK OF BARODA |
BARODA HOUSE; INDL FINANCE BRANCH, C. P. STREET, BOMBAY, MAHARASHTRA -
400001, INDIA |
- |
|
24 |
90222983 |
14/10/1999 * |
50,000,000.00 |
CANARA BANK |
TAMARIND LANE, CALCOT HOUSE; FORT, MUMBAI, MAHARASHTRA - 400001, INDIA
|
- |
|
25 |
90222960 |
15/04/1999 * |
1,500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
26 |
90222956 |
15/04/1999 * |
500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
27 |
90220313 |
25/09/1998 * |
500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
28 |
90222921 |
25/09/1998 * |
500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
29 |
90220303 |
30/07/1998 * |
3,315,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
30 |
90222881 |
11/02/1999 * |
4,250,000,000.00 |
JOINT PLANT COMMITTEE |
VASUNDHARA; 8TH; 9TH; AND 10TH FLOOR, 2/7; SARAT |
- |
|
31 |
90220300 |
27/03/1998 * |
3,315,000,000.00 |
INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
32 |
80013035 |
27/03/1998 * |
2,678,200,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
33 |
90222870 |
19/03/1998 |
1,000,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
34 |
90240441 |
06/03/1998 |
100,000,000.00 |
STATE BANK OF INDIA |
INDL. FINANCE BRANCH, MUMBAI, MAHARASHTRA - 400064, INDIA |
- |
|
35 |
90222816 |
19/10/1997 |
480,000,000.00 |
THE INDUSTRAIL CREDIT AND INVESTMENT CORPORATION OF INDIA LTD |
163; BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
36 |
80013025 |
18/10/1999 * |
17,000,000.00 |
CENTRAL BANK OF INDIA |
JEHANGIR WADIA BULIDING, M G ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA
|
- |
|
37 |
90222728 |
21/03/1997 * |
4,999,726,400.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
38 |
90220253 |
27/01/1997 * |
2,500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, Maharashtra - 400023, INDIA |
- |
|
39 |
90222708 |
08/12/1996 |
2,500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
40 |
90240260 |
06/09/1996 * |
1,333,500,000.00 |
BANK OF AMERCIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
41 |
90222662 |
05/08/1996 |
500,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION; JEHANGIR WADIA BUILDING, 51; M.G ROAD,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
42 |
90240252 |
20/07/1996 |
50,000,000.00 |
ANZ GRINDLAYS BANK |
90 MG ROAD, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
43 |
90240219 |
26/07/2001 * |
528,334,900.00 |
ICICI LTD |
BANDRA KURLA COMPLEX, BOMBAY, MAHARASHTRA - 400050 , INDIA |
- |
|
44 |
90242083 |
27/11/2001 * |
10,000,000.00 |
ICICI LTD |
BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400050, INDIA |
- |
|
45 |
90242081 |
03/05/1996 |
528,334,900.00 |
THE ICICI LTD |
163; BACKBAY RECLAMATIOM, BOMBAY, MAHARASHTRA - 400028, INDIA |
- |
|
46 |
90240200 |
21/03/1996 |
79,000,000.00 |
UNION BANK OF INDIA |
BOMBAY SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
47 |
90244248 |
26/12/1995 |
7,500,000.00 |
ANZ GRINDLAYS BANK |
BOMBAY BRANCH, 90 M. G. ROAD, BOMBAY, MAHARASHTRA- 400001, INDIA |
- |
|
48 |
90240144 |
26/10/1995 |
26,450,000.00 |
BANK OF AMERCIA NATIONAL TRUST AND SAVING ASSOCIAT |
EXPESS TOWERS, NARIMAN POINT, BOMBAY, MAHARASHTRA |
- |
|
49 |
90240135 |
10/10/1995 |
16,500,000.00 |
ANDHRA BANK |
18 HOMI MODY STREET, BOMBAY, MAHARASHTRA - 400021, INDIA |
- |
|
50 |
90240132 |
30/09/1995 |
24,500,000.00 |
UNION BANK OF INDIA |
BOMBAY SAMACHAR MARG, OPP. BOMBAY STOCM EXCHAGE, BOMBAY, MAHARASHTRA -
400023, INDIA |
- |
|
51 |
90240128 |
26/09/1995 |
41,000,000.00 |
BANK OF MAHARASHTRA |
BORIVLI WEST, BOMBAY, MAHARASHTRA - 400092, INDIA |
- |
|
52 |
90240116 |
04/09/1995 |
100,000,000.00 |
ANZ GRINDLAYS BANK |
M. G. ROAD, BOMBAY, MAHARASHTRA, INDIA |
- |
|
53 |
90240107 |
08/08/1995 |
63,500,000.00 |
BANK OF BARODA |
IF BRANCH; BARODA HOSUE, C. P. STREET; FORT, BOMBAY, MAHARASHTRA -
400001, INDIA |
- |
|
54 |
90240101 |
01/02/1996 * |
80,000,000.00 |
SCICI LTD |
141; MAKET TOWER-F, CUFFE PARADE, BOMBAY, MAHARASHTRA - 400005, INDIA |
- |
|
55 |
90222499 |
28/06/1995 * |
400,000,000.00 |
CENTRAL BANK OF INDIA |
CHANDERMUKHI, NARIMAN POINT, BOMBAY, MAHARASHTRA |
- |
|
56 |
90240059 |
10/04/1995 |
40,000,000.00 |
BANK OF AMERCICA |
EXPRESS TOWERS, NARIMAN POINT, BOMBAY, MAHARASHTRA - 400021, INDIA |
- |
|
57 |
90240055 |
31/03/1995 |
50,000,000.00 |
UCO BANK |
D. N. ROAD, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
58 |
90240038 |
28/02/1995 |
129,000,000.00 |
STATE BANK OF INDIA |
BORIVLI EAST BRANCH; MONDAYA, D. K. ROAD; BORIVLI(E), BOMBAY,
MAHARASHTRA - 400066, INDIA |
- |
|
59 |
90239986 |
24/10/1994 |
100,000,000.00 |
DEUTSCHE BANK |
HAZARIMAL SOMANI MARG, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
60 |
90222376 |
21/10/1999 * |
300,000,000.00 |
DEUTSCHE BANK AG |
DB HOUSE; HAZARIMAL SOMANI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001,
INDIA |
- |
|
61 |
80015498 |
29/03/1994 |
163,534,000.00 |
STATE BANK OF INDIA |
BHUBANESWAR, ORISSA, ORISSA - 751001, INDIA |
- |
|
62 |
90238257 |
22/03/1994 |
20,000,000.00 |
HDFC |
RAMON HOUSE; 4TH FLOOR, 169; BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA
- 400020, INDIA |
- |
|
63 |
90239885 |
31/12/1993 |
103,500,000.00 |
STATE BANK OF INDIA |
BORIVLI (E) BRANCH; MONODAY, D. K. ROAD; BORIVLI (E), BOMBAY,
MAHARASHTRA - 400066, INDIA |
- |
|
64 |
90239884 |
29/12/1993 |
100,000,000.00 |
THE ICICI LTD |
163; BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
65 |
90220175 |
20/12/1993 |
220,000,000.00 |
PUNJAB NATIONAL BANK |
H.O.; 7; BHIKAJICAMA PLACE, AFRICA AVENUE, NEW DELHI, DELHI - 110066,
INDIA |
- |
|
66 |
90239871 |
22/11/1993 |
31,500,000.00 |
BANK OF AMERICA |
EXPRESS TOWERS, NARIMAN POINT, BOMBAY, MAHARASHTRA - 40021, INDIA |
- |
|
67 |
90239865 |
05/11/1993 |
41,000,000.00 |
BANK OF MAHARASHTRA |
EXPRESS TOWERS, L. T. ROAD; BORIVALI (W), BOMBAY, MAHARAHTRA - 400092,
INDIA |
- |
|
68 |
90239862 |
26/10/1993 |
79,500,000.00 |
BANK OF BARODA |
IF BRANCH, BARODA HOUSE. C. P. STREET, BOMBAY, MAHARASHTRA - 400001,
INDIA |
- |
|
69 |
90222224 |
06/09/1993 * |
200,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JUSTICE G.N. VAIDYA MARG, BOMBAY, MAHARASHTRA -
400023, INDIA |
- |
|
70 |
80013033 |
06/09/1993 |
2,250,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
71 |
80013034 |
06/09/1993 |
420,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
72 |
80011832 |
26/07/1993 |
150,000,000.00 |
CANBANK INVESTMENT MANAGEMENT SERVICES LIMITED |
WALCHAND HIRACHAND MARG, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
73 |
80012490 |
28/02/1995 * |
150,000,000.00 |
CANBANK INVESTMENT MANAGEMENT SERVICES LIMITED |
WALCHAND HIRACHAND MARG, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
74 |
90220168 |
22/07/1993 |
150,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMI |
JAHANGIR WADIA BUILDING;, 51; MAHATMA GANDHUI ROAD, BOMBAY, MAHARASHTRA
- 400023, INDIA |
- |
|
75 |
90222196 |
15/10/1999 * |
1,550,000,000.00 |
ANZ GRINDLAYS BANK LTD. |
FORT BRANCH, BOMBAY, MAHARASHTRA, INDIA |
- |
|
76 |
90222192 |
15/10/1993 * |
470,400,000.00 |
THE INDUSTRAIL CREDIT AND INVESTMENT CORPORATION O |
163; BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
77 |
80011841 |
15/10/1993 * |
470,400,000.00 |
ICICI LTD |
163 BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
78 |
90239826 |
03/05/1993 |
63,500,000.00 |
DENA BANK |
MAKER TOWERS F, CUFFE PARADE, BOMBAY, MAHARASHTRA |
- |
|
79 |
90220165 |
29/04/1993 |
570,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMI |
JAHANGIR WADIA BUILDING;, 51; MAHATMA GANDHUI ROAD, BOMBAY,
MAHARASHTRA - 400023, INDIA |
- |
|
80 |
90222176 |
14/06/1993 * |
3,465,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMI |
JEHANGIR WADIA BUILDING, 51; M.G. ROAD, MUMBAI, MAHARASHTRA - 400001,
INDIA |
- |
|
81 |
90239806 |
13/02/1993 |
74,000,000.00 |
STATE BANK OF INDIA |
BORIVLI (E) BRANCH; MANODAYA, DATTAPARA KANDERI ROAD; BORIVLI (E),
BOMBAY, MAHARASHTRA - 400066, IN |
- |
|
82 |
90222145 |
20/10/1999 * |
40,000,000.00 |
CITI BANK N.A |
GLOBAL CORPORATE BANKING; 7TH FLOOR; PLOT C-61, BANDRA KURLA COMPLEX; G-BLOCK;
BANDRA (E), MUMBAI, |
- |
|
83 |
90222143 |
30/12/1993 * |
50,000,000.00 |
CANARA BANK |
TAMARIND LANE, FORT, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
84 |
80017091 |
14/10/1999 * |
24,500,000,000.00 |
CANARA BANK |
TAMARIND LANE BRANCH, CALCOT HOUSE, FORT, MUMBAI, |
- |
|
85 |
90220159 |
28/01/1993 |
500,000,000.00 |
THE INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
86 |
90222142 |
20/12/1993 * |
500,000,000.00 |
THE INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
87 |
90222129 |
14/06/1993 * |
200,000,000.00 |
THE INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
88 |
90239786 |
14/12/1992 |
12,500,000.00 |
ANDHRA BANK |
NANAVATI MAHALAYA, 18; HOMI MODY STREET, BOMBAY, MAHARASHTRA - 400001,
INDIA |
- |
|
89 |
80013026 |
18/11/1992 |
850,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
90 |
90220150 |
19/10/1992 |
6,800,000,000.00 |
JOINT PLANT COMMITTEE |
VASUNDHAA BUILDING, 2/7; SARAT BOSE ROAD, CALCUTTA, WEST BENGAL -
700001, INDIA |
- |
|
91 |
90222103 |
14/06/1993 * |
480,000,000.00 |
THE INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
92 |
90239760 |
18/10/1993 * |
22,300,000.00 |
UCO BANK |
D. N. ROAD, FORT, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
93 |
90239749 |
02/07/1992 |
50,000,000.00 |
IDBI |
IBI TOWER, CUFFE PARADE; COLABA, BOMBAY, MAHARASHTRA - 400005, INDIA |
- |
|
94 |
80011839 |
11/02/1999 * |
1,000,000,000.00 |
IDBI |
IDBI TOWER, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
95 |
80013044 |
19/10/1992 * |
1,000,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
MAKER TOWER, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
96 |
80011840 |
02/06/1992 |
39,000,000.00 |
ANDHRA BANK |
BHUBANESWAR MAIN BRANCH, 84 BAPURJI
NAGAR, BHUBAN ESWAR, ORISSA - 751009, INDIA |
- |
|
97 |
90220141 |
29/05/1992 |
200,000,000.00 |
THE CENTRAL BANK EXECUTOR AND TRUSTEE COMPANY LIMI |
JAHANGIR WADIA BUILDING;, 51; MAHATMA GANDHUI ROAD, BOMBAY, MAHARASHTRA
- 400023, INDIA |
- |
|
98 |
90220139 |
20/04/1992 |
400,000,000.00 |
BARCLAYS BANK PLC |
54; LOMBORD STREET, LONDON, BOMBAY, MAHARASHTRA, INDIA |
- |
|
99 |
90239723 |
12/04/1992 |
300,000.00 |
ICICI LTD |
163; BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
100 |
80011838 |
30/03/1992 |
12,900,000.00 |
WEST BENGAL INDUSTRIAL DEVELOPMENT CORP LTD |
5 COUNCIL HOUSE STREET, CULCUTTA, WEST BENGAL - 700001, INDIA |
- |
* Date of Charge Modification
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
(a) Claims not acknowledged by the Company |
|
|
|
(i) Excise and Service Tax |
NA |
4662.100 |
|
(ii) Customs |
NA |
137.000 |
|
(iii) Sales Tax and VAT |
NA |
3868.500 |
|
(iv) State Levies |
NA |
2668.700 |
|
(v) Suppliers and Service Contract |
NA |
775.200 |
|
(vi) Labour Related |
NA |
452.300 |
|
(vii) Income Tax |
NA |
81.100 |
|
(viii) Royalty |
NA |
1346.700 |
|
(b) The Company has given guarantees aggregating Rs.5799.100 Millions (31.03.2012: Rs.3915.800 Millions) on behalf of others.
As at 31st March, 2013, the contingent liabilities under these guarantees
amounts to Rs.5799.100 Millions
(31.03.2012: Rs.3915.800 Millions). (c) Claim by a party arising out of conversion arrangement - Rs.1958.200 Millions (31.03.2012: Rs.1958.200 Millions). The Company has
not acknowledged this claim and has instead filed a claim of Rs.1396.500 Millions (31.03.2012: Rs.1396.500 Millions) on the party.
The matter is pending before the Calcutta High Court. (d) The Excise Department has raised a demand of Rs.2354.800 Millions (31.03.2012: Rs.2354.800 Millions) denying the
benefit of Notification No. 13/2000 which provides for exemption to the
integrated steel plant from payment of excise duty on the freight amount incurred
for transporting material from plant to stock yard and consignment agents.
The Company filed an appeal with CESTAT, Kolkata and the order of the
department was set aside. The department has filed an appeal in Supreme Court
where the matter is pending. (e) TMT bars and rods in coil form were sent to an external processing
agent (EPA), on payment of duty at Jamshedpur (exworks) price, for decoiling
and cutting into specified lengths and then dispatch, at assessable value to
various stock yards and depots of the Company for further sale. Differential
duty was paid by the Company after the month was over. Excise department
contested this activity as ‘manufactur ing’ and
demanded duty from the EPA ignoring the payment of duty made by the Company.
An appeal against the order of the Commissioner of Central Excise, Jamshedpur
was filed in CESTAT, Kolkata and was allowed in favour of the EPA.
Subsequently, the department challenged the same in Jharkhand High Court,
Ranchi, which is still pending for hearing. Subsequent demand in this regard
has not been adjudicated. Meanwhile, since September 2010, the decoiling and
cutting activity with the EPA has been discontinued. The potential liability
as of 31st March, 2013, will be approximately Rs.2988.800 Millions (31.03.2012: Rs.2988.800 Millions). However, the
Company has already paid duty amounting to Rs.1964.800 Millions (31.03.2012:
Rs.1964.800 Millions) till
date based on the final sale price of the material. (f) The State Government of Odisha introduced "Orissa Rural
Infrastructure and Socio Economic Development Act, 2004" with effect
from February 2005 levying tax on mineral bearing land computed on the basis
of value of minerals produced from the mineral bearing land. The Company had
filed a Writ Petition in the High Court of Orissa challenging the validity of
the Act. Orissa High Court held in November 2005 that State does not have
authority to levy tax on minerals. The State Government of Odisha moved to
the Supreme Court against the order of Orissa High Court and the case is
pending with Supreme Court. The potential liability, as of 31st March, 2013
would be approximately Rs.30064.600 Millions
(31.03.2012: Rs.20858.800 Millions). (g) In terms of the agreements entered into between Tata Teleservices
Limited (TTSL), Tata Sons Limited (TSL) and NTT DoCoMo, Inc. of Japan
(Strategic Partner-SP), the Company was given by Tata Sons an option to sell
5246590 equity shares in TTSL to the SP. Pursuant to the Rights Issue made in
2010-11, SP’s shareholding in TTSL has increased from 1172617866 equity
shares of Rs.10 each to 1248974378 equity shares of Rs.10 each as on 31st
March, 2013. The shareholding of SP represents 26.50% of the paid up equity
share capital of TTSL on a fully diluted basis as against 26.27% prior to the
issuance and allotment of Rights Shares to them. If certain
performance parameters and other conditions are not met by TTSL by 31st
March, 2014 and should the SP decide to divest its entire shareholding in
TTSL, acquired under the primary issue and the secondary sale, and should TSL
be unable to find a buyer for such shares, the Company is obligated to
acquire the shareholding of the SP, at the higher of fair value or 50 percent
of the subscription purchase price subject to compliance with applicable
exchange control regulations, in proportion of the number of shares sold by
the company to the aggregate of the secondary shares sold to the SP, or if
the SP divests the shares at a lower price pay a compensation representing
the difference between such lower sale price and the price referred to above. Further, in the
event of breach of the representations and warranties (other than title and
tax) and covenants not capable of specific performance, the Company is liable
to reimburse TSL, on a pro rata basis, upto a maximum sum of Rs.60.000
Millions. (h) The Company has been paying royalty on coal extracted from its
quarries pursuant to the judgment and order dated 23rd July, 2002 passed by
the Jharkhand High Court. However, the State Government demanded royalty at
rates applicable to processed coal. Though the Company has contested the
above demand, it has started paying, under protest, royalty on processed coal
from November 2008. The incremental amount (including interest), if payable,
for the period till October 2008 works out to Rs.4134.600 Millions (31.03.2012:
Rs.3846.400 Millions) and
has been considered as a contingent liability. (i) The Company availed CENVAT credit on the invoices issued by Input
Service Distributors (ISD) i.e. by Head office and Sales offices during the
period 2006-07 to 2011-12. The Excise department issued show cause cum demand
notices disallowing Rs.2155.900 Millions
(31.03.2012: Nil) including
penalty alleging that CENVAT credit can be distributed by an office of the
manufacturer only. Accordingly, the head office can only distribute the
CENVAT credit of input services and sales offices are not authorized to issue
ISD invoices. The Company believes that as per rule any office of the
manufacturer can issue ISD invoices for availment of CENVAT credit. The
Company has filed appeals before CESTAT. (j) Billets are being sent to Stockyard for onward transfer to external
processing agents (EPA) for further manufacture on behalf of the Company.
Since this transfer is for subsequent manufacture and not for sale, excise
duty is paid on 110% of cost which is applicable for transfer of materials
directly for manufacture. Excise department, Jamshedpur issued show cause
notices demanding differential duty of Rs.1095.200 Millions (31.03.2012:
Nil) including penalty for the period June 2007 to March 2012. Excise
department has considered the price of the billets sold by Steel Authority of
India (SAIL) as the price at which the duty should have been paid by the
Company. The Company is in the process of filing an appeal before CESTAT. (k) Commercial taxes department has issued demand of Rs.1383.400 Millions
by treating 30% of the stock transfers as interstate sales to unregistered
dealer and imposed tax @ 8%. The Company has filed a revision petition before
the Commissioner Commercial Taxes, Ranchi (Jharkhand) and the hearing on
merit is pending before the Commissioner Commercial Taxes, Ranchi
(Jharkhand). The potential liability, as of 31st March, 2013, is Rs.1377.000 Millions (31.03.2012: Rs.1377.000 Millions). (l) Bills discounted Rs.4695.800 Millions (31.03.2012: Rs.1747.800 Millions). |
||
FIXED ASSETS
·
Freehold Land and Roads
·
Leasehold Land
·
Building
·
Leasehold Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Vehicles
·
Railway Sidings
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.60.47 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
72 |
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.