MIRA INFORM REPORT
|
Report No. : |
335811 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
HINDALCO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Century Bhavan, 3rd Floor, Dr. Annie Besant Road, Worli,
Mumbai – 400025, Maharashtra |
|
Tel No. : |
91-22-2430 8491 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
15.12.1958 |
|
|
|
|
Com. Reg. No.: |
11-011238 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2065.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27020MH1958PLC011238 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
0388147237 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMI05060G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH1201R |
|
|
|
|
Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of
Aluminum and Copper. |
|
|
|
|
No. of Employees
: |
20902 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (74) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a Flagship company of “Aditya Birla Group” It is one of the
largest integrated aluminum manufacturer in India. It is a well-established and
reputed company incorporated during 1958 having an excellent track record. Available financial indicates company strong financial risk profile
marked by healthy net worth position with low borrowing and fair
profitability of the company. The rating also takes into consideration company established market
position in aluminum industry and extensive experienced of its promoters. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. In view of long track record and healthy financial base, the company can
be considered good for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and carry low credit risk |
|
Date |
31.07.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
31.07.2015 |
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
31-03-2013.
INFORMATION DENIED
Management Non Co-operative (91-22-24308491)
LOCATIONS
|
Registered Office/ Marketing Head Office: |
Century Bhavan, 3rd
Floor, Dr. Annie Besant Road, Worli, Mumbai – 400 025, Maharashtra, India |
|
Tel. No.: |
91-22-24308491 /
92 / 93 / 66626666 |
|
Fax No.: |
91-22-24227586 /
24362516 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office 1/ - Marketing Head Office
(Copper) : |
Aditya Birla Centre, III Floor, B Wing, S. K. Ahire Marg,
Worli, Mumbai – 400030, |
|
Tel No.: |
91-22-66525000 / 24995000 |
|
Fax No.: |
91-22-66525847 / 24995841 |
|
Email : |
|
|
Website: |
|
|
|
|
|
Corporate
Office 2: |
Foil and Packaging Business, Kalwa Works, Thane Belapur
Road, Near Vitawa Village, Kalwa, Thane-400 605, Maharashtra, India |
|
Tel. No.: |
91-22-25347151 |
|
Fax No. : |
91-22-24227586 |
|
Email : |
|
|
|
|
|
Domestic Marketing -
West Zone |
264-265, Vasvani Chambers, 2nd Floor, Dr. Annie Besant Rd, Opposite Old Passport Office, Worli, Mumbai - 400 030, Maharashtra, India |
|
Tel. No.: |
91-22-49204252 |
|
Fax No. : |
91-22-49204500 |
|
Email : |
|
|
|
|
|
Regional
Office – Aluminum : |
Ahura Centre, 1st
Floor, 82, Mahakali Caves Road, Mumbai – 400093, Maharashtra, India Tel No.: 91-22-66917031 / 30 / 37 / 40 /00 Fax No.:91-22-66917070 Vandhana, 5th Floor ,11 Tolstoy Marg, New Delhi – 110001, India Tel No.: 91-11-42200204 / 228 / 230 / 271 / 200 Fax No.:91-11-23721595 Jeevan Deep, 2nd Floor 1, Middleton Street Kolkata – 700071, West Bengal, India Tel No.: 91-33-22809710 Fax No.:91-33-22886139 Industry House, 7th Floor, 45, Race Course Road, Bangalore – 560001, Karnataka, India Tel No.:91-80-4041 6010 / 21 / 22 / 00 |
|
|
|
|
Principal
Office and Works / Renusagar Power Division : |
District
Sonbhadra, P. O. Renukoot – 231217, Mirzapur, Uttar Pradesh, India |
|
Tel. No.: |
91-5446-252077-9/
272501-5 |
|
Fax No.: |
91-5446-252107 /
252427/ 272382 |
|
E-Mail : |
|
|
|
|
|
Birla Copper
Division: |
P. O. Dahej,
Lakhigam, District Bharuch – 392130, Gujarat, India |
|
Tel. No.: |
91-2641-256004-06/251009 |
|
Fax No.: |
91-2641-251002-3 |
|
E-Mail : |
|
|
|
|
|
Foil and Wheels Division: |
Village Khutli,
Khanvel, Silvassa – 396230, |
|
Tel. No.: |
91-260-2677021-4 |
|
Fax No.: |
91-260-2677025 |
|
|
|
|
Export Office: |
9/1, R. N. Mukherjee
Road, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22480949 /
22200464 |
|
Fax No.: |
91-33-22200214 |
|
Email: |
|
|
|
|
|
Factory : |
ALUMINIUM
AND POWER Renukoot
Plant P.O. Renukoot -231217, District Sonbhadra, Uttar Pradesh,
India Tel No.:
91-5446-252077-9 Fax No.:91-5446-252107 Renusagar
Power Division P. O. Renusagar, District Sonbhadra, Uttar Pradesh, India Tel No.:
91-5446-272502-5 Fax No.:
91-5446272382 Hirakud
Smelter Hirakud 768 016, District Sambalpur, Orissa,
India Tel No.:
91-663- 2481307/1452 Fax No.:91-663-2481356 Hirakud
Power Post Box No.12, Hirakud 768 016, District: Sambalpur,
Orissa Alupuram, India Tel No.: 91-663-
2481307 Fax No.: 91-663- 2481342/365 Mahan Aluminium NH-75-E, Singrauli, Sidhi Road, P.O., Bargawan, District- Singaruli - 486886, Madhya Pradesh, India Tel No.: 07805281014 Aditya Aluminium Lapanga, District Sambalpur – 768212, Orissa, India Tel No.:91- 663-2114424 Fax No.: 91- 663-2590434 COPPER: Birla
Copper Division P.O. Dahej, Lakhigam Post, District. Bharuch – 392 130, Tel No.: 91-2641- 256004-06/ 251009 Fax No.:
91-2641- 251002-3 CHEMICALS: Muri
Alumina Post Chotamuri-835 101, District Ranchi,
India Tel No.: : 91-6522- 244396 Fax No.:
91-6522-244231 Village Yamanapur , Tel No.: 91-831-2472716 Fax No.:91-831-2472728 MINES Chandgad
Mines At Post: Chandgad – 416509, District: Kolhapur,
Maharashtra, India Tel/Fax: (02320) 213342 Durgmanwadi
Mines At Post Radhanagri, District: Kolhapur, Maharashtra – 416
212, India Tel No.:
91-2321-260036 Fax No.:
91-2321-260037 Lohardaga
Mines District: Lohardaga – 835 302, Jharkhand, India Tel No.:
91-6526-224446 Fax No.:
91-6526-224446 Talabira
Mines Talabira-1, Qrs. No. A6/1, Saraswati Vihar, P.O. Sankarma,
District Sambalpur, Orissa, India Tel No.:
91-663-2230573 SHEET,
FOIL, WHEEL, PACKAGING AND EXTRUSIONS Foils and Wheels Division, Village Khutli, Khanvel,
Silvassa-396230, U.T., India Tel No.: 91-260-2677021/4 Fax No.: 91-260-2677025 Belur
Sheet 39, Grand Trunk Road, Belurmath 711 202, District: Howrah,
West Bengal, India Tel No.: 91-33-26547210 Fax No.:
91-33-26549982 Taloja
Sheet Plot 2, MIDC Industrial Area, Taloja A.V., District:
Raigad, Navi Mumbai – 410 208, Maharashtra, India Tel No.
91-22-27412261/ 66292929 Fax No.:
91-22-27412430 Alupuram
Extrusions Alupuram, P.B. No.30, Kalamassery – 683 104, District:
Ernakulam, Kerala, India Tel No.:
91-484-2532441 Fax No.: 91-484- 2532468 Mouda
Unit Village Dahali, Tel No:
91-7115-660777/786 Kollur
Works Village- Kollur, Re Puram Mandal, Via Mutangi, Medak
District, Andhra Pradesh – 502 300, India Tel No::
91-8413- 234300/ 234204/05 Fax No.:
91-8455-288829 Hirakud FRP Hirakud, District – Sambalpur -– 768016, Orissa, India Tel No.:91-663-6625000 Fax No.:91-663-2481344 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Kumar Mangalam Birla |
|
Designation : |
Chairman |
|
Address : |
16-A, IL-Palazzo, Little Gibbs Road, Mumbai – 400 006, Maharashtra,
India |
|
Qualification : |
A.C.A, M.B.A. |
|
Date of Birth : |
14.06.1967 |
|
Date of Appointment : |
16.11.1992 |
|
|
|
|
Name : |
Mr. Debnaranyan Bhattacharya |
|
Designation : |
Managing Director |
|
Qualification : |
B. E. (Chemicals), IIT |
|
Date of Birth : |
13.09.1948 |
|
Date of Appointment : |
30.04.2003 |
|
|
|
|
Name : |
Mr. Satish Pai, |
|
Designation : |
Deputy Managing Director |
|
|
|
|
Name : |
Mrs. Rajashree Birla |
|
Designation : |
Non-Executive Director |
|
Address : |
16-A, IL- Palazzo, Little Gibbs Road, Mumbai – 400 006, Maharashtra, India |
|
Date of Appointment : |
15.03.1996 |
|
|
|
|
Name : |
Mr. Madhukar Manilal Bhagat |
|
Designation : |
Non-Executive Directors |
|
|
|
|
Name : |
Mr. Kailash Nath Bhandari |
|
Designation : |
Non-Executive Directors |
|
|
|
|
Name : |
Mr. Askaran K. Agarwala |
|
Designation : |
Non-Executive Director |
|
Address : |
“Haveli”, Flat No.3, L.D. Ruparel Marg, Mumbai – 400 006, Maharashtra,
India |
|
Qualification : |
B.Com, F.C.A, LLB |
|
Date of Birth : |
01.07.1993 |
|
Date of Appointment : |
11.09.1998 |
|
|
|
|
Name : |
Mr. Narendra Jamnadas Jhaveri |
|
Designation : |
Non-Executive Directors |
|
|
|
|
Name : |
Mr. Ram Charan |
|
Designation : |
Non-Executive Directors |
|
|
|
|
Name : |
Mr. Jagdish Khattar |
|
Designation : |
Non-Executive Directors |
|
Qualification : |
BA (Hons), LLB |
|
Date of Birth : |
18.12.1942 |
|
Date of Appointment : |
09.05.2011 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Malik |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Praveen
Maheshwari |
|
Designation : |
Chief Financial Officer |
|
|
|
|
BUSINESS / UNIT HEAD: |
|
|
Name : |
Mr. Dilip Gaur |
|
Designation : |
Group Executive President, Copper |
|
|
|
|
Name : |
Mr. Sachin Satpute |
|
Designation : |
Chief Marketing
Officer, Aluminium |
|
|
|
|
Name : |
Mr. Satish Mohan Bhatia |
|
Designation : |
Chief Marketing Offi cer, Aluminium |
|
|
|
|
Name : |
Mr. Sanjay Sehgal |
|
Designation : |
President (Chemicals) |
|
|
|
|
Name : |
Mr. Dinesh Kumar Kohly |
|
Designation : |
Chief Operating Offi cer (Renukoot, Renusagar & Mahan Units) |
|
|
|
|
Name : |
Mr. B. Arun Kumar |
|
Designation : |
President (Operations) |
|
|
|
|
CORPORATE : |
|
|
Name : |
Mr. Bharat
Bhushan Jha |
|
Designation : |
Senior President
(Corporate Projects and Procurement) |
|
|
|
|
Name : |
Mr. Vineet Kaul |
|
Designation : |
Chief People Officer |
|
|
|
|
NOVELIS INC |
|
|
Name : |
Mr. Debnarayan
Bhattacharya |
|
Designation : |
Vice Chairman |
|
|
|
|
Name : |
Mr. Philip Martens |
|
Designation : |
President and Chief Executive Officer |
|
|
|
|
UTKAL ALUMINA INTERNATIONAL LIMITED |
|
|
|
|
|
Name : |
Mr. Vijay Sapra |
|
Designation : |
President |
|
|
|
|
ADITYA BIRLA MINERALS LIMITED |
|
|
|
|
|
Name : |
Mr. Debnarayan Bhattacharya |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Sunil Kulwal |
|
Designation : |
Chief Executive Officer and MD |
SHAREHOLDING PATTERN
As on 30.06.2015
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
2398696 |
0.13 |
|
|
745082362 |
39.08 |
|
|
16316130 |
0.86 |
|
|
16316130 |
0.86 |
|
|
763797188 |
40.06 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
763797188 |
40.06 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
27386719 |
1.44 |
|
|
55805364 |
2.93 |
|
|
58040 |
0.02 |
|
|
252555618 |
13.25 |
|
|
513813572 |
26.95 |
|
|
849619313 |
44.58 |
|
|
|
|
|
|
88010626 |
4.63 |
|
|
|
|
|
|
127137162 |
7.34 |
|
|
10478513 |
0.59 |
|
|
18816199 |
2.80 |
|
|
8688912 |
0.56 |
|
|
3948061 |
0.21 |
|
|
0 |
1.71 |
|
|
6179226 |
0.32 |
|
|
244442500 |
15.36 |
|
Total Public
shareholding (B) |
1094061813 |
59.94 |
|
Total (A)+(B) |
1857859001 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
14542309 |
0.00 |
|
|
143701702 |
0.00 |
|
|
158244011 |
0.00 |
|
Total
(A)+(B)+(C) |
2016103012 |
0.00 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Promoter and Promoter Group
|
Sl.No. |
Name of the
Shareholder |
Details of Shares
held |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
1 |
IGH Holdings Pvt Ltd |
34,99,63,487 |
16.95 |
16.95 |
|
2 |
Turquoise Investments And Finance Pvt Limited |
12,40,12,468 |
6.01 |
6.01 |
|
3 |
Trapti Trading & Investments Pvt Ltd |
9,30,63,124 |
4.51 |
4.51 |
|
4 |
Grasim Industries Ltd |
5,45,42,475 |
2.64 |
2.64 |
|
5 |
Aditya Birla Nuvo Limited |
3,35,06,337 |
1.62 |
1.62 |
|
6 |
Pilani Investment & Ind. Corp. Ltd. |
2,91,85,398 |
1.41 |
1.41 |
|
7 |
Umang Commercial Company Ltd |
2,73,30,360 |
1.32 |
1.32 |
|
8 |
Birla Institute Of Technology And Science |
2,15,83,090 |
1.05 |
1.05 |
|
9 |
Trustee Holding Shares Under The Scheme Of Merger Of Hil/Igcl/Igfl On Behalf Of Hindalco |
1,63,16,130 |
0.79 |
0.79 |
|
10 |
Birla Group Holdings Pvt Ltd |
67,31,467 |
0.33 |
0.33 |
|
11 |
Kumar Mangalam Birla |
8,65,740 |
0.04 |
0.04 |
|
12 |
Manav Investment & Trading Co. Ltd. |
6,72,571 |
0.03 |
0.03 |
|
13 |
Aditya Vikram Kumar Mangalam Birla Huf |
6,48,632 |
0.03 |
0.03 |
|
14 |
Rajashree Birla |
6,12,470 |
0.03 |
0.03 |
|
15 |
Tgs Investment And Trade Pvt Ltd |
44,85,249 |
0.22 |
0.22 |
|
16 |
Vasavadatta Bajaj |
1,21,319 |
0.01 |
0.01 |
|
17 |
Neerja Birla |
1,14,640 |
0.01 |
0.01 |
|
18 |
Kumar Mangalam Birla F & N G Of Ananyashree Birla |
35,895 |
0.00 |
0.00 |
|
19 |
Global Holdings Pvt Ltd |
6,336 |
0.00 |
0.00 |
|
|
Total |
76,37,97,188 |
36.99 |
36.99 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Public and holding more than 1% of the total number
of shares
|
Sl.No. |
Name of the
Shareholder |
Details of Shares held |
Shares as % of
Total No. of Shares |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
1 |
Life Insurance Corporation Of India & Its Associate Funds |
275125158 |
13.32 |
13.32 |
|
2 |
Bajaj Allianz Life Insurance Company Ltd |
27125121 |
1.31 |
1.31 |
|
3 |
Skagen Kon-Tiki Verdipapirfond |
30031830 |
1.45 |
1.45 |
|
4 |
Merrill Lynch Capital Markets Espana S.A |
44304216 |
2.15 |
2.15 |
|
5 |
Orbis Sicav- Asia Ex- Japan Equity Fund |
24430468 |
1.18 |
1.18 |
|
6 |
Dimensional Emerging Markets Value Fund |
20885386 |
1.01 |
1.01 |
|
|
Total |
421902179 |
20.43 |
20.43 |
Shareholding of securities
(including shares, warrants, convertible securities) of persons (together with
PAC) belonging to the category “Public” and holding more than 5% of the total
number of shares of the company
|
Sl.No. |
Name of the
Shareholder |
Details of Shares
held |
Shares as % of
Total No. of Shares |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
1 |
Life Insurance Corporation Of
India & Its Associate Funds |
275125158 |
13.32 |
13.32 |
|
|
Total |
275125158 |
13.32 |
13.32 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Aluminum and Copper. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
||||||||||||
|
|
|
||||||||||||
|
Brand Names : |
-- |
||||||||||||
|
|
|
||||||||||||
|
Agencies Held : |
-- |
||||||||||||
|
|
|
||||||||||||
|
Exports : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Imports : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Terms : |
|
||||||||||||
|
Selling : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
20902 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
|
|
|
Cost Auditors : |
|
|
Name : |
R. Nanabhoy and Company Cost Accountant |
|
Address : |
Mumbai, Maharashtra India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries As on 31.03.2014) : |
|
|
|
|
|
Associates As on 31.03.2014) :: |
|
|
|
|
|
Joint Ventures As on 31.03.2014) :: |
|
|
|
|
|
Trust of the Company As on 31.03.2014) :: |
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 2065.200
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000000 |
Equity Shares |
Re.1/- each |
Rs.2100.000 Million |
|
25000000 |
Redeemable Cumulative Preference Shares |
Rs.2/- each |
Rs.50.000 Million |
|
|
Total |
|
Rs.2150.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2065141514 |
Equity Shares |
Re. 1/- each |
Rs.2065.100 Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2065134117 |
Equity Shares |
Re. 1/- each |
Rs.2065.100 Million |
|
|
Less: Face Value of Equity Shares forfeited |
|
Rs.0.500 Million |
|
|
Add: Forfeited Shares (Amount originally Paid-up) |
|
Rs.0.200 Million |
|
|
Total |
|
Rs.2064.800
Million |
# Issued Equity Share Capital includes 7397
Equity Shares of Re.1/- each issued on Rights basis kept in abeyance due to
legal case pending.
(a) Reconciliation of shares outstanding at the beginning and at the end
of the reporting period:
|
Equity Shares |
Number
of Shares |
Rs.
In Million |
|
Shares outstanding at the beginning of the year |
1914583068 |
1914.600 |
|
Shares allotted pursuant to exercise of ESOP |
4800 |
|
|
Equity Shares Allotted pursuant to exercise of Share Warrants |
150000000 |
150.000 |
|
Equity Shares Outstanding at the end of the period |
2064587868 |
2064.600 |
(b) Rights, preferences and restrictions attached to Equity Shares:
The Company has one class of equity shares having
a par value of Re.1/- per share. Each shareholder is eligible for one vote per
share held. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting, except in
case of interim dividend. In the event of liquidation, the equity shareholders
are eligible to receive the remaining assets of the Company after distribution
of all preferential amounts, in proportion to their shareholding.
(c) Details of shareholders holding more than 5% equity Shares in the
Company on reporting date:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
IGH Holdings Private Limited |
349963487 |
16.95 |
|
Turquoise Investment and Finance Limited |
124012468 |
6.01 |
|
Morgan Guaranty Trust Company of New York
(represents GDRs) |
162138001 |
7.85 |
|
Life Insurance Corporation of India and
its Associates |
239089223 |
11.58 |
(d) Shares Reserved
for Issue under Options:
The Company has reserved Equity Shares for issue under the
Employee Stock Options Scheme.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2065.200 |
2,064.800 |
1,914.800 |
|
(b) Reserves & Surplus |
370487.400 |
365,259.700 |
332,396.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
5,413.100 |
|
Total
Shareholders’ Funds (1) + (2) |
372552.600 |
367,324.500 |
339,723.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
229738.500 |
221,085.800 |
204,430.500 |
|
(b) Deferred tax liabilities (Net) |
17482.800 |
11,743.100 |
11,911.400 |
|
(c) Other long term
liabilities |
4746.300 |
8,308.600 |
9,742.800 |
|
(d) long-term
provisions |
4559.000 |
3,419.600 |
3,009.400 |
|
Total Non-current
Liabilities (3) |
256526.600 |
244,557.100 |
229,094.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
56755.300 |
42,583.700 |
37,017.200 |
|
(b) Trade
payables |
36516.500 |
43,837.500 |
30,440.500 |
|
(c) Other
current liabilities |
26781.300 |
29,019.100 |
19,240.900 |
|
(d) Short-term
provisions |
10874.100 |
10,377.600 |
10,669.000 |
|
Total Current
Liabilities (4) |
130927.200 |
125,817.900 |
97,367.600 |
|
|
|
|
|
|
TOTAL |
760006.400 |
737,699.500 |
666,185.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
368035.200 |
180,249.800 |
70,710.000 |
|
(ii)
Intangible Assets |
0.000 |
297.300 |
266.500 |
|
(iii)
Capital work-in-progress |
0.000 |
172,771.300 |
236,051.100 |
|
(iv)
Intangible assets under development |
0.000 |
1.000 |
0.100 |
|
(b) Non-current Investments |
147817.500 |
153,124.500 |
140,501.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14547.300 |
11,611.500 |
16,810.800 |
|
(e) Other
Non-current assets |
314.400 |
125.200 |
345.100 |
|
Total Non-Current
Assets |
530714.400 |
518,180.600 |
464,685.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
64689.300 |
65,950.100 |
64,319.600 |
|
(b)
Inventories |
88212.300 |
89,145.800 |
77,026.100 |
|
(c) Trade
receivables |
18321.800 |
12,836.500 |
15,150.400 |
|
(d) Cash
and cash equivalents |
9841.800 |
11,631.700 |
14,978.200 |
|
(e)
Short-term loans and advances |
38796.700 |
32,264.000 |
22,617.300 |
|
(f) Other
current assets |
9430.100 |
7,690.800 |
7,408.700 |
|
Total
Current Assets |
229292.000 |
219,518.900 |
201,500.300 |
|
|
|
|
|
|
TOTAL |
760006.400 |
737,699.500 |
666,185.600 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
345250.300 |
278,509.300 |
260,569.300 |
|
|
|
Other Income |
8822.100 |
11,244.200 |
9,830.900 |
|
|
|
TOTAL (A) |
354072.400 |
289,753.500 |
270,400.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
370.400 |
0.300 |
3.800 |
|
|
|
Cost of Materials Consumed |
210562.900 |
188,042.800 |
171,365.100 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
678.100 |
(6,762.100) |
1,279.400 |
|
|
|
Employees benefits expense |
15894.800 |
13,461.000 |
12,008.000 |
|
|
|
Impairment Loss/(Reversal)
(Net) |
0.000 |
0.000 |
172.500 |
|
|
|
Power and Fuel |
52007.700 |
35,576.100 |
30,730.400 |
|
|
|
Other expenses |
31571.200 |
23,272.400 |
23,145.400 |
|
|
|
Exceptional Items |
5777.000 |
3,959.800 |
0.000 |
|
|
|
TOTAL
(B) |
316862.100 |
257,550.300 |
238,704.600 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
37210.300 |
32,203.200 |
31,695.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16370.900 |
7,116.500 |
4,359.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20839.400 |
25,086.700 |
27,335.800 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8370.300 |
8,232.900 |
6,869.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12469.100 |
16,853.800 |
20,466.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3217.500 |
2,720.500 |
3,474.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9251.600 |
14,133.300 |
16,992.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7,500.000 |
7,500.000 |
4,000.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Debenture Redemption Reserve |
NA |
1,500.000 |
1,500.000 |
|
|
|
General Reserve |
NA |
10,559.700 |
8,994.800 |
|
|
|
Proposed Dividend |
NA |
2,064.600 |
2,680.500 |
|
|
|
Corporate Dividend Tax |
NA |
9.000 |
316.700 |
|
|
BALANCE CARRIED
TO THE B/S |
16751.600 |
7,500.000 |
7,500.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
82,919.500 |
75,715.500 |
|
|
|
Commission Earnings |
NA |
2,043.500 |
7.500 |
|
|
TOTAL EARNINGS |
NA |
84,963.000 |
75,723.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
57,574.700 |
160,752.500 |
|
|
|
Coal and Fuel |
NA |
1,730.300 |
4,011.900 |
|
|
|
Stores and Spares |
NA |
985.900 |
724.300 |
|
|
|
Capital Goods |
NA |
3,517.800 |
17,738.300 |
|
|
|
Trading Goods |
NA |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
63,808.700 |
183,227.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
4.48 |
7.09 |
8.88 |
|
|
|
Diluted
|
4.48 |
7.09 |
8.87 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
6526.400 |
3628.200 |
|
Cash generated from operations |
NA |
20310.000 |
(3520.000) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.68 |
5.07 |
6.52 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.78 |
11.56 |
12.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.04 |
4.09 |
7.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.05 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
0.72 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
1.74 |
2.07 |
STOCK
PRICES
|
Face Value |
Rs. 1.00 |
|
Market Value |
Rs.108.30 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1914.800 |
2064.800 |
2065.200 |
|
Reserves & Surplus |
332396.000 |
365259.700 |
370487.400 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
5413.100 |
0.000 |
0.000 |
|
Net
worth |
339723.900 |
367324.500 |
372552.600 |
|
|
|
|
|
|
long-term borrowings |
204430.500 |
221085.800 |
229738.500 |
|
Short term borrowings |
37017.200 |
42583.700 |
56755.300 |
|
Total
borrowings |
241447.700 |
263669.500 |
286493.800 |
|
Debt/Equity
ratio |
0.711 |
0.718 |
0.769 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
260569.300 |
278509.300 |
345250.300 |
|
|
|
6.885 |
23.964 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
260569.300 |
278509.300 |
345250.300 |
|
Profit |
16992.000 |
14133.300 |
9251.600 |
|
|
6.52% |
5.07% |
2.68% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
CASE DETAILS BENCH:-BOMBAY
|
UNSECURED LOAN:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred Payment Liabilities |
NA |
13.300 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Buyers’ Credit |
NA |
19277.500 |
|
Packing Credit |
NA |
23194.000 |
|
Others |
NA |
0.0000 |
|
Total |
NA |
42484.800 |
PRESS RELEASE
COAL SCAM: COURT TO
HEAR HINDALCO'S CASE ON AUGUST 17
Aspecial court on Wednesday fixed August 17 to hear a coal scam case in which the Supreme Court has stayed the summons issued against former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla and others.
The case came up for hearing before Special CBI Judge Bharat Parashar, who deferred the matter as the operations of order passed by him summoning Manmohan Singh, Birla and others as accused have been stayed by the apex court.
The special court had on December 16 last year refused to accept the CBI's closure report filed in the case and had directed the agency to further investigate the matter and examine the former premier and other PMO officials.
CBI had later filed a supplementary final report in the court, which had on March 11 summoned Singh, Birla, former Coal Secretary P C Parakh, Hindalco Industries Ltd and two top officials Shubhendu Amitabh and D Bhattacharya in the case pertaining to allocation of Talabira-II coal block in Odisha in 2005.
The apex court on April 1 had stayed the trial court order summoning them as accused and the proceedings before it.
In his plea filed in the apex court, Singh had contended that the trial court had exceeded its jurisdiction by attributing criminality in administrative decisions of the Prime Minister, who was also holding the Coal portfolio then. The plea had said the trial court's decision to summon the former Prime Minister was a "grave mistake both in law" and "understanding of evidence".
Hindalco stock price
On July 17, 2015, Hindalco Industries closed at Rs 107.40, up Rs 0.70, or 0.66 percent. The 52-week high of the share was Rs 198.70 and the 52-week low was Rs 99.20. The company's trailing 12-month (TTM) EPS was at Rs 4.48 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 23.97. The latest book value of the company is Rs 177.88 per share. At current value, the price-to-book value of the company is 0.60.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10505998 |
19/06/2014 * |
75,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, BOMBAY
DYEING MILLS COMPOUND, PANDURA |
C11200052 |
|
2 |
10485778 |
13/03/2014 |
99,000,000,000.00 |
STATE BANK OF INDIA |
STATE BANK BHAVAN, MADAM CAMA ROAD, MUMBAI, MAHARASHTRA - 400021, INDIA |
C00807917 |
|
3 |
10435421 |
25/06/2013 |
15,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER
"E" CUFFE PARADE, COLABA, MUMBAI, |
B79008140 |
|
4 |
10390692 |
07/12/2012 |
5,500,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, E
CUFFE PARADE, COLABA, MUMBAI, |
B63619084 |
|
5 |
10376091 |
14/05/2013 * |
15,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND
FLOOR, 17, R.KAMANI MARG,, BA |
B78583887 |
|
6 |
10372704 |
14/05/2013 * |
15,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B78582681 |
|
7 |
10360308 |
14/05/2013 * |
30,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B78581881 |
|
8 |
80059220 |
09/12/2004 |
1,000,000,000.00 |
BANK OF MAHARASHTRA |
LOK MANGAL, 1501, SHIVAJI NAGAR, PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
9 |
90218583 |
30/09/2004 |
4,900,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS
GROUPS BRANCH, VOLTAS HOUSE; 2 |
- |
|
10 |
90218478 |
24/12/2003 * |
1,000,000,000.00 |
STATE BANK OF INDIA |
SECURITIES AND
SERVICES DIVISION; MUMJBAI MAIN BR. |
- |
|
11 |
90216319 |
15/07/2002 |
1,000,000,000.00 |
STATE BANK OF INDIA |
SECURITIES AND SERVICES DIVISION; MUMBAI MAIN BRAN, STATE BANK BUILDING; MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
12 |
90216315 |
04/05/2002 |
1,000,000,000.00 |
STATE BANK OF INDIA |
SECURITIES AND SERVICES DIVISAION; MUMBAI MAIN BR., STATE BANK BUILDING; MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
13 |
90216314 |
03/05/2002 |
1,500,000,000.00 |
STATE BANK OF INDIA |
SECURITIES AND SERVICES DIVISAION; MUMBAI MAIN BR., STATE BANK BUILDING; MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
14 |
90216284 |
22/02/2001 * |
1,000,000,000.00 |
STATE BANK OF INDIA |
SECURITIES AND
SERVICES DIVISION; MUMBAI MAIN BR, |
- |
|
15 |
90216277 |
22/10/1999 |
500,000,000.00 |
STATE BANK OF INDIA |
NEW ISSUES AND SECURITIES SERVICES DIVISION, MUMBAI MAIN BRANCH; BOMBAY SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
16 |
90218298 |
22/10/1999 |
3,500,000,000.00 |
STATE BANK OF INDIA |
SECURITIES AND
SERVICES DIVISION; MUMBAI MAIN BRAN |
- |
|
17 |
90218220 |
27/12/1999 * |
712,000,000.00 |
INDUSTRAIL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, BOMBAY, MAHARASHTRA - 400005, INDIA |
- |
|
18 |
90216245 |
06/08/1997 |
10,000,000.00 |
STATE BANK OF INDIA |
SECURITIESA AND SERVICES DEVISION; MUMBAI MAIN BR., STATE BANK BUILDING; MUMBAI SAMACHAR MARG, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
19 |
90218115 |
25/07/1997 |
105,000,000.00 |
ALLAHABAD BANK |
NO. 2 NETAJI
SUBHASH ROAD, CALCUTTA, WEST BENGAL, |
- |
|
20 |
90218103 |
04/07/1997 |
80,000,000.00 |
CITIBANK N.A. |
SAKHAR BHAVAN; 7TH
FLORR, NARIMAN POINT, MUMBAI, |
- |
|
21 |
90216236 |
01/11/1996 |
45,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LTD. |
RAMON HOUSE;, 169; BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
22 |
90218031 |
03/09/1996 |
3,750,000.00 |
UNION BANK OF INDIA |
MORWA BRANCH, DISTRICT: SIDHI, SIDHI, MADHYA PRADESH, INDIA |
- |
|
23 |
90219037 |
21/08/1996 |
60,000,000.00 |
HOUSING DEVELOPMENT FINANCEA CORPORATION LTD |
RAMAN HOUSE; 169; BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
24 |
90218024 |
07/08/1996 |
742,500,000.00 |
STATE BANK OF INDIA |
RENUKOOT, P. O RENUKOOT, SONABHADRA, UTTAR PRADESH - 231217, INDIA |
- |
|
25 |
90218022 |
22/06/1999 * |
940,000,000.00 |
UCO BANK |
RENUKOOT BRANCH, SONBHADRA, UTTAR PRADESH - 231217, INDIA |
- |
|
26 |
90217983 |
14/10/1996 * |
150,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
CENTRE ONE WORLD TRADE CENTRE, CUFFE PARADE, MUMNBAI, MAHARASHTRA - 400005, INDIA |
- |
|
27 |
90216220 |
22/02/1999 * |
700,000,000.00 |
ANZ GRINDLAYS BANK LTD. |
NETAJI SUBHASH ROAD, CALCUTTA, WEST BENGAL - 700001, INDIA |
- |
|
28 |
90217956 |
14/10/1996 * |
700,000,000.00 |
ANZ GRINDLAYS BANK LTD. |
19 NETAJI SUBHASH ROAD, CALCUTTA, WEST BENGAL - 700001, INDIA |
- |
|
29 |
90217923 |
30/06/1995 |
116,000,000.00 |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
8; INDIA EXCHANGE PLACE, CALCUTTA, WEST BENGAL - 700001, INDIA |
- |
|
30 |
90217917 |
05/06/1995 |
730,000,000.00 |
UCO BANK |
RENUKOOT BRANCH, P
.O RENUKOOT, SONBHADRA, UTTAR |
- |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.81 |
|
UK Pound |
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
74 |
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.