MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA COAL INDIA PRIVATE LIMITED (w.e.f. 10.04.2012) |
|
|
|
|
Formerly Known
As : |
GUPTA COAL INDIA LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.05.1989 |
|
|
|
|
Com. Reg. No.: |
11-051640 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 324.781
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1989PTC051640 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPG00507D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG4587B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Coal and Transportation and Handling of coal. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s improved operational risk profile and
decent profit achieved from its operational activities during financial year
2013. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
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 = BB- (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
31.12.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and highest credit risk. |
|
Date |
31.12.2013 |
Reason for Suspended: Not furnished the information required by CARE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Ms. Shweta |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-712-6657400 |
|
Date : |
16.09.2014 |
LOCATIONS
|
Registered Office : |
Gupta Tower, 4th Floor, Temple Road, Opposite Science
Collage Ground, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Tel. No.: |
91-712-6657400 |
|
Fax No.: |
91-712-6647144 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Padmesh Deodutta Gupta |
|
Designation : |
Director |
|
Address : |
Hari-Nikunj, House No. 190, Museum Road, Civil Lines, Nagpur – 440001, Maharashtra, India |
|
Date of Birth/Age : |
29.02.1964 |
|
Date of Appointment : |
05.05.1989 |
|
DIN No.: |
00263859 |
|
|
|
|
Name : |
Mr. Piyush Marodia |
|
Designation : |
Director |
|
Address : |
Hari-Nikunj, House No. 190, Museum Road, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1984 |
|
Date of Appointment : |
17.05.2007 |
|
PAN No.: |
AMPPM8122L |
|
DIN No.: |
01730162 |
|
|
|
|
Name : |
Mr. Ramakant Premkumar Tekriwal |
|
Designation : |
Director |
|
Address : |
30 Byramji Town, Nelson Suqre, Katol Road, Nagpur - 440013, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1974 |
|
Date of Appointment : |
20.05.2010 |
|
PAN No.: |
AARPT8993L |
|
Din No.: |
00275872 |
|
|
|
|
Name : |
Mr. Krishna Gupta |
|
Designation : |
Director |
|
Address : |
Gupta Bhawan, Temple Bazar Road, Sitabuldi, Nagpur - 440012, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1976 |
|
Date of Appointment : |
10.08.2011 |
|
PAN No.: |
AJRPG2059F |
|
DIN No.: |
00275889 |
|
|
|
|
Name : |
Mr. Suresh Kumar Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
A1/11, Century Staff Colony, Lalkua, Nainital - 262402, Uttarakhand, India |
|
Date of Birth/Age : |
25.07.1950 |
|
Date of Appointment : |
07.09.2011 |
|
PAN No.: |
ABXPA4049F |
|
DIN No.: |
05106839 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Padmesh Gupta |
|
69267 |
|
Anuradha Gupta |
|
53800 |
|
Anurag Gupta |
|
7888 |
|
Kaustubh Gupta |
|
7887 |
|
Padmesh Gupta HUF |
|
16300 |
|
Srivats Gupta |
|
410 |
|
Gupta Leasing and Finance Limited, India |
|
89750 |
|
Indo-Krishna Green Fields Limited, India |
|
13950 |
|
Tasmseen Commercial LLP, India |
|
34400 |
|
Manasi Commodities LLP, India |
|
41000 |
|
Gupta Corporation Private Limited, India |
|
2697292 |
|
Saphire Steel private Limited, India |
|
3500 |
|
Gupta Natural Resource Ventures Private Limited, India |
|
15000 |
|
Total
|
|
3050444 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
94.90 |
|
Directors or relatives of Directors |
4.56 |
|
Other top fifty shareholders |
0.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal and Transportation and Handling of coal. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· UCO Bank, Sitabuldi Branch, Nagpur – 440012, Maharashtra, India · IDBI Bank Limited, 3rd Floor, Gupta Tower, Civil Lines, Nagpur - 440001, Maharashtra, India · Bank of India, Nagpur Corporate Banking Branch, Sv Patel Marg, Kingsway, Nagpur - 440001, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institution : |
SREI Infrastructure Finance Private Limited, Vishwakarma, 86C, Topsia
Road (South), Kolkata-700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Banthia Damani and Associates Chartered Accountants |
|
Address : |
SO-8, Amarjyoti Palace, Dhantoli, Wardha Road, Nagpur - 440012,
Maharashtra, India |
|
PAN No.: |
AAGFB7463E |
|
|
|
|
Holding Company |
Gupta Corporation Private Limited |
|
|
|
|
Associate : |
· Gupta Global Resources Private Limited · Gupta Infrastructur (India ) Private Limited · P. D. Gupta Enterprises · Nagpur Sical Gupta Logistics Limited · Gupta Power House Private Limited · Maharashtra Vidhyut Nigam Private Limited · Gupta Energy Private Limited · Gupta Industries Private Limited · Gupta Infratec Private Limited ·
Gupta Logistics Private Limited |
|
|
|
|
Subsidiary Company
: |
Transasia Pacific GGNR Pte Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.100/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3247812 |
Equity Shares |
Rs.100/- each |
Rs.324.781 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
324.781 |
305.044 |
297.928 |
|
(b) Reserves & Surplus |
4125.430 |
3750.906 |
3673.119 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
97.500 |
|
Total
Shareholders’ Funds (1) + (2) |
4450.211 |
4055.950 |
4068.547 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2271.414 |
2465.747 |
245.689 |
|
(b) Deferred tax liabilities (Net) |
226.293 |
180.848 |
118.318 |
|
(c) Other long term liabilities |
364.463 |
2812.528 |
385.979 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
2862.170 |
5459.123 |
749.986 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
9994.608 |
15052.668 |
3124.925 |
|
(b) Trade payables |
13981.077 |
6140.184 |
6367.627 |
|
(c) Other current
liabilities |
754.420 |
2848.394 |
859.017 |
|
(d) Short-term provisions |
149.744 |
123.581 |
190.652 |
|
Total Current Liabilities (4) |
24879.849 |
24164.827 |
10542.221 |
|
|
|
|
|
|
TOTAL |
32192.230 |
33679.900 |
15360.754 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
880.012 |
924.821 |
532.108 |
|
(ii) Intangible Assets |
0.476 |
0.625 |
0.000 |
|
(iii) Capital
work-in-progress |
375.168 |
361.324 |
292.028 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
476.038 |
495.727 |
153.303 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1123.575 |
691.377 |
125.486 |
|
(e) Other Non-current assets |
278.468 |
198.136 |
103.925 |
|
Total Non-Current Assets |
3133.737 |
2672.010 |
1206.850 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3762.727 |
7954.061 |
3584.084 |
|
(c) Trade receivables |
13156.833 |
12966.589 |
4690.534 |
|
(d) Cash and cash
equivalents |
1581.743 |
2535.166 |
1342.914 |
|
(e) Short-term loans and
advances |
10512.034 |
7492.108 |
4512.543 |
|
(f) Other current assets |
45.156 |
59.966 |
23.829 |
|
Total Current Assets |
29058.493 |
31007.890 |
14153.904 |
|
|
|
|
|
|
TOTAL |
32192.230 |
33679.900 |
15360.754 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
21870.651 |
|
|
|
Other Income |
|
|
71.497 |
|
|
|
TOTAL |
38897.254 |
36005.451 |
21942.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
|
|
18329.766 |
|
|
|
Manufacturing Service Cost |
|
|
2431.893 |
|
|
|
Employee Related Expenses |
|
|
50.391 |
|
|
|
Administrative Selling and Other Expenses |
|
|
281.180 |
|
|
|
TOTAL |
38717.312 |
35797.914 |
21093.230 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
Including
Financial and Depreciation Expenses |
Including
Financial and Depreciation Expenses |
848.918 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
295.729 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
553.189 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
23.823 |
|
|
|
|
|
|
|
|
|
|
Prior Period Expenses |
(28.013) |
108.120 |
4.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
207.955 |
99.417 |
524.993 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
78.607 |
94.700 |
208.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
129.348 |
4.717 |
316.607 |
|
|
|
|
|
|
|
|
|
Less |
INCOME
TAX EARLIER YEAR |
NA |
NA |
19.651 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
296.956 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
12249.859 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.83 |
1.55 |
453.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.33 |
0.01 |
1.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
2.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.66 |
0.30 |
3.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.02 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.76 |
4.32 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.28 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
297.928 |
305.044 |
324.781 |
|
Reserves & Surplus |
3673.119 |
3750.906 |
4125.430 |
|
Share Application money
pending allotment |
97.500 |
0.000 |
0.000 |
|
Net worth |
4068.547 |
4055.950 |
4450.211 |
|
|
|
|
|
|
long-term borrowings |
245.689 |
2465.747 |
2271.414 |
|
Short term borrowings |
3124.925 |
15052.668 |
9994.608 |
|
Total borrowings |
3370.614 |
17518.415 |
12266.022 |
|
Debt/Equity ratio |
0.828 |
4.319 |
2.756 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
21942.148 |
36005.451 |
38897.254 |
|
|
|
64.093 |
8.032 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
21942.148 |
36005.451 |
38897.254 |
|
Profit |
316.607 |
4.717 |
129.348 |
|
|
1.44% |
0.01% |
0.33% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
257.518 |
144.015 |
548.061 |
|
|
|
|
|
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
REVIEW OF OPERATIONS:
The global economic slowdown alongwith the policy paralysis in the country has posed a grave challenge for the Company to sustain itself in such turbulent times. The setbacks in the coal industry in the country has taken a toll on the previously booming trade.
It is notable that despite the unfavorable circumstances, the Company continued to meet its obligations towards its Lenders by way of payment of interest and installments in a regular manner. In order to curtail the situation of financial stress, the Company has taken the following significant decisions:
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
147.900 |
197.900 |
|
Loans and advances from related parties |
2.625 |
37.903 |
|
Total |
150.525 |
235.803 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10383431 |
03/09/2012 |
156,255,374.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B60884400 |
|
2 |
10383428 |
03/09/2012 |
156,730,958.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B60883568 |
|
3 |
10357303 |
19/05/2012 |
690,000,000.00 |
VIJAYA BANK |
C.A. ROAD, NAGPUR, MAHARASHTRA - 440011, INDIA |
B40198640 |
|
4 |
10357958 |
15/04/2012 |
500,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B40533796 |
|
5 |
10357956 |
15/04/2012 |
800,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B40533317 |
|
6 |
10352332 |
03/10/2012 * |
900,000,000.00 |
IDBI BANK LIMITED |
3RD FLOOR, GUPTA TOWER,, TEMPLE ROAD, CIVIL LINES, NAGPUR, MAHARASHTRA - 440001, INDIA |
B60399672 |
|
7 |
10345278 |
06/03/2012 |
1,085,000,000.00 |
PUNJAB NATIONAL BANK |
MID CORPORATE BRANCH, SURYANAGAR, NAGPUR, MAHARASHTRA - 440008, INDIA |
B36177996 |
|
8 |
10345186 |
25/02/2012 |
2,350,000,000.00 |
ALLAHABAD BANK |
CIVIL LINES BRANCH, CIVIL LINES,, NAGPUR, MAHARASHTRA - 440001, INDIA |
B36139988 |
|
9 |
10330298 |
20/12/2011 |
2,050,000,000.00 |
UNION BANK OF INDIA |
CIVIL LINES BRANCH, NAGPUR, MAHARASHTRA - 440001, INDIA |
B30064901 |
|
10 |
10309486 |
01/10/2011 |
1,250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B22250443 |
|
11 |
10303482 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19288455 |
|
12 |
10303497 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19294495 |
|
13 |
10303720 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19287648 |
|
14 |
10303764 |
15/07/2011 |
81,163,800.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19291251 |
|
15 |
10273028 |
15/02/2011 |
20,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B06989917 |
|
16 |
10272951 |
12/07/2014 * |
25,472,500,000.00 |
BANK OF INDIA |
NAGPUR MID CORPORATE BRANCH, BANK OF INDIA BUILDING, MEZANNINE FLOOR, S.V. PATEL MARG, NAGPUR, MAHARASHTRA - 440001, INDIA |
C14680136 |
|
17 |
10193570 |
02/12/2009 |
9,591,103.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A76326149 |
|
18 |
10172594 |
15/08/2009 |
25,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A67802843 |
|
19 |
10151671 |
28/03/2012 * |
4,550,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5 SAI COMPLEX, AMRAVATI ROAD, NAGPUR, MAHARASHTRA - 440033, INDIA |
B37860921 |
|
20 |
10063790 |
07/05/2007 |
11,640,000.00 |
ABN AMRO BANK |
9TH FLOOR, DLF CYBER GREEN TOWER C, SECTOR 25 A, |
A14458491 |
|
21 |
10052660 |
30/04/2007 |
500,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX,, AMRAV |
A15536345 |
|
22 |
10049915 |
13/03/2007 |
1,519,200,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5,SAI COMPLEX,, AMRAVATI ROAD, BHARAT NAGAR, NAGPUR, MAHARASHTRA - 440033, INDIA |
A14694400 |
|
23 |
10060842 |
01/11/2006 |
862,400,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX, BHARAT |
A07107428 |
|
24 |
90211110 |
19/09/2003 |
147,500,000.00 |
UCO BANK |
SITUBULDI, NAGPUR, MAHARASHTRA - 440012, INDIA |
- |
|
25 |
90213955 |
05/01/2007 * |
550,000,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE BANKING BRANCH, S. V. PATEL MARG, KINGSWAY, NAGPUR, MAHARASHTRA - 440001, INDIA |
- |
|
26 |
90213946 |
04/01/2007 * |
550,000,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE BANKING BARANCH, S. V. PATEL MARG, KINGSWAY, NAGPUR, MAHARASHTRA - 440001, INDIA |
- |
|
27 |
90211028 |
15/03/2001 |
2,000,000.00 |
IDBI BANK LIMITED |
INDO UNIQUE PLAZA; EAST HIGH COURT ROAD, CIVIL LINES, NAGPUR, MAHARASHTRA - 440012, INDIA |
- |
|
28 |
90213686 |
15/03/2001 |
4,330,000.00 |
BANK OF INDIA |
RABINDRANATH TAGORE ROAD BRANCH, CIVIL LINES, NAGPUR, MAHARASHTRA - 440001, INDIA |
- |
|
29 |
90213617 |
04/10/2001 * |
200,000,000.00 |
IDBI BANK LIMITED |
INDO UNIQUE PLAZA; EAST HIGH COURT ROAD, CIVIL LINES, NAGPUR, MAHARASHTRA - 440001, INDIA |
- |
|
30 |
90213235 |
30/12/1999 * |
38,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, BHARAT NAGAR, NAGPUR, |
- |
|
31 |
90214725 |
14/01/1999 * |
38,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, BHARAT NAGAR, NAGPUR, |
- |
|
32 |
90212653 |
24/04/1995 |
5,100,000.00 |
UCO BANK |
SITABULDI, NAGPUR, MAHARASHTRA, INDIA |
- |
|
33 |
90212247 |
05/03/1992 |
1,350,000.00 |
UCO BANK |
SITUBULDI, NAGPUR, MAHARASHTRA - 440012, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Office building
· Other building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 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.61.10 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.