MIRA INFORM REPORT
|
Report No. : |
336863 |
|
Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHATIA GLOBAL TRADING LIMITED (w.e.f.24.03.2010) |
|
|
|
|
Formerly Known
As : |
BHATIA GLOBAL TRADING PRIVATE LIMITED (w.e.f. 04.03.2010) BHATIA COAL TRADING AND CONSIGNMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
BCC House, 8/5, Manoramaganj, Navratan Bagh Main Road, Indore –
452001, Madhya Pradesh |
|
Tel. No.: |
91-731-4200211 |
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|
|
|
Country : |
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|
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Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
28.08.1991 |
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|
|
|
Com. Reg. No.: |
10-006626 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.417.680 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60200MP1991PLC006626 |
|
|
|
|
IEC No.: |
1105007383 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLB02964D |
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|
|
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PAN No.: [Permanent Account No.] |
AAACB6751C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of trading of Coal and also providing of Logistic Business Services. |
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|
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Bharat International Private Limited. It is an established company having moderate track record. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March 2014 but the documents
related to the financials for the year 2014 are not available from any
sources. As per available financial of 2013, the company has incurred a loss
from its operations. The rating also takes into consideration the prolonged downturn in
shipping industry which results Bharat International Private Limited in
defaulting on multiple loans availed for financing ocean vessels, some of
which are also guaranteed by Bharat Global Trading Limited. However, business is active. Payment terms are reported as slow and
delayed. The company can be considered for business dealings on safe and
secured 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based=D |
|
Rating Explanation |
Expected to be default. (Suspended) |
|
Date |
January, 2015 |
Reason for Suspension = The suspension follow’s ICRA’s
inability to carry out a rating surveillance in the absence of the requisite
information from the company.
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 PARTED BY
|
Name : |
Mr. Naval Jain |
|
Designation : |
Assistant Vice President |
|
Contact No.: |
91-731-4200211 |
|
Date : |
13.08.2015 |
LOCATIONS
|
Registered Office / Corporate Office / Warehouse: |
BCC House, 8/5, Manoramaganj, Navratan Bagh Main Road, Indore – 452001,
Madhya Pradesh, India |
|
Tel. No.: |
91-731-4200211 / 4066101 |
|
Fax No.: |
91-731-4066102 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned [Commercial] |
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|
|
|
Head Office : |
“BCC House”, Plot No. 4, 6th Avenue, Harrington Road, Chetpet, Chennai
– 600031, Tamilnadu, India |
|
Tel. No.: |
91-44-45590050 / 51 |
|
Fax No.: |
91-44-45590057 / 58 |
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E-Mail : |
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Branch Office : |
Ambika Apartment 24 Wardhman Nagar, Nagpur – 440008, Maharashtra,
India |
DIRECTORS
AS ON 16.09.2014
|
Name : |
Mr. Surinder Singh Bhatia |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 13 and 14, Aditya Nagar, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
09.08.1963 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
ABHPB5246R |
|
DIN No.: |
00038741 |
|
|
|
|
Name : |
Mr. Amandeep Singh Bhatia |
|
Designation : |
Director |
|
Address : |
1,2,3,4, Aditya Nagar, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
23.10.1981 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
30.09.2009 |
|
PAN No.: |
AGOPB3205E |
|
Date of Cessation : |
05.12.2014 |
|
DIN No.: |
00038591 |
|
|
|
|
Name : |
Mr. Chitranjan Singh Kahlon |
|
Designation : |
Director |
|
Address : |
D-1/49, Rabindra Nagar, New Delhi – 110003, India |
|
Date of Birth/Age : |
22.02.1951 |
|
Date of Appointment : |
24.09.2012 |
|
DIN No.: |
02823501 |
|
|
|
|
Name : |
Mr. Lal Krishna Thanvi |
|
Designation : |
Director |
|
Address : |
7 Ganeshkripa Appartment, Ichchanath, Surat – 395001, Gujarat, India |
|
Date of Birth/Age : |
01.01.1962 |
|
Qualification : |
HSC |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00051283 |
|
|
|
|
Name : |
Purva Lasurkar |
|
Designation : |
Additional director |
|
Address : |
46, Tilak Path, Indore - 452001, Madhya Pradesh, India |
|
Date of Appointment : |
03.12.2014 |
|
DIN No.: |
06948771 |
KEY EXECUTIVES
|
Name : |
Rachit Kumar Inani |
|
Designation : |
Secretary |
|
Address : |
84, Motibunglow Main Road, Dewas - 455001, Madhya Pradesh, India |
|
Date of Appointment : |
22.06.2015 |
|
PAN No.: |
ABFPI3193Q |
|
|
|
|
Name : |
Mr. Naval Jain |
|
Designation : |
Assistant Vice President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gurvinder Singh Bhatia |
|
6374290 |
|
Veena Bhatia |
|
4331510 |
|
Survinder Singh Bhatia |
|
971754 |
|
Gurvinder Kaur Bhatia W/o Survinder Singh Bhatia |
|
2000 |
|
S. S. Bhatia (HUF) |
|
1500 |
|
Amnadeep Singh Bhatia |
|
8182200 |
|
Ishipal Kaur Bhatia |
|
100 |
|
G.S. Bhatia (HUF) |
|
500 |
|
Amitoj Kaur Bhatia |
|
100 |
|
Narinder Kaur Bhatia |
|
4500 |
|
Ishhar Overseas Limited, India |
|
750975 |
|
BCC Enterprises (India) Limited, India |
|
200 |
|
BCC Estates Private Limited, India |
|
200 |
|
BCC Cargo Limited, India |
|
121159 |
|
Reliance Services and Consultants Private Limited, India |
|
23491 |
|
Bhatia Industries and Infrastructure Limited, India |
|
4500 |
|
Asian Natural Resources (India) Limited, India |
|
62371 |
|
Bhatia Sons (India) Limited, India |
|
21991457 |
|
Indu Charturvedi W/o Samarth Charuvedi |
|
120 |
|
Girish Matlani S/o Shrikishan Matlani |
|
120 |
|
Samarth Chaturvedi S/o Sharad Chand Chaurvedi |
|
120 |
|
Chandani Devi Matlani W/o Girish Matlani |
|
120 |
|
|
|
|
|
Total |
|
42823287 |
AS ON 13.02.2015
|
Names of
Allottees |
|
No.
of Shares |
|
BCC Enterprises (India) Limited, India |
|
975610 |
|
BCC Cargo Limited, India |
|
1243902 |
|
Total |
|
2219512 |
AS ON 16.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
53.60 |
|
Directors or relatives of Directors |
46.38 |
|
Other top fifty shareholders |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of trading of Coal and also providing of Logistic Business Services. |
|
|
|
|
Products / Services : |
Coal and Logistic Business Services |
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Coal |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institution : |
SBICAP Trustee Company Limited 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
R. S. Bansal and Company Chartered Accountants |
|
Address : |
"Uravshi" 1st Floor, 3 Jaora Compound, Indore – 452001,
Madhya Pradesh, India |
|
PAN No.: |
AABFR4852J |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Holding Company [AS ON 31.03.2013] : |
Bhatia Sons (India) Limited CIN No.: U10100MP2009PLC022493 |
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Subsidiary Company [AS ON 31.03.2013] : |
Bhatia International Pte Limited |
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Associates [AS ON 31.03.2013]: |
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Fellow Subsidiary
Company [AS ON 31.03.2013] : |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives [AS ON 31.03.2013]: |
|
CAPITAL STRUCTURE
AFTER 16.09.2014
Authorised Capital :
Rs.443.000 Million
Issued, Subscribed & Paid-up Capital : Rs.459.672 Million
AS ON: 16.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44,300,000 |
Equity Shares |
Rs.10/- each |
Rs.443.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42,823,287 |
Equity Shares |
Rs.10/- each |
Rs.428.233 Million |
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
Rs.10/- each |
Rs.420.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41768115 |
Equity Shares |
Rs.10/- each |
Rs.417.680 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
417.680 |
379.770 |
379.770 |
|
(b) Reserves &
Surplus |
1302.570 |
2057.430 |
2025.548 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
1720.250 |
2437.200 |
2405.318 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.660 |
11.670 |
26.917 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.470 |
3.420 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.130 |
15.090 |
26.917 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4728.560 |
4667.120 |
5948.913 |
|
(b) Trade payables |
4704.270 |
4631.540 |
4051.921 |
|
(c) Other current
liabilities |
304.140 |
357.620 |
209.599 |
|
(d) Short-term provisions |
88.670 |
70.290 |
286.603 |
|
Total Current Liabilities
(4) |
9825.640 |
9726.570 |
10497.036 |
|
|
|
|
|
|
TOTAL |
11550.020 |
12178.860 |
12929.271 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
273.930 |
255.540 |
263.555 |
|
(ii) Intangible Assets |
3.620 |
1.480 |
0.000 |
|
(iii) Capital
work-in-progress |
1.490 |
33.860 |
15.476 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1883.770 |
1849.230 |
238.556 |
|
(c) Deferred tax assets
(net) |
4.510 |
2.930 |
0.043 |
|
(d) Long-term Loan and Advances |
9.970 |
17.560 |
13.006 |
|
(e) Other Non-current
assets |
32.260 |
47.750 |
5.928 |
|
Total Non-Current Assets |
2209.550 |
2208.350 |
536.564 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3020.270 |
2979.990 |
2799.913 |
|
(c) Trade receivables |
4766.820 |
4820.650 |
2909.791 |
|
(d) Cash and cash
equivalents |
616.360 |
628.430 |
461.636 |
|
(e) Short-term loans and advances |
777.290 |
1516.990 |
6220.111 |
|
(f) Other current assets |
159.730 |
24.450 |
1.256 |
|
Total Current Assets |
9340.470 |
9970.510 |
12392.707 |
|
|
|
|
|
|
TOTAL |
11550.020 |
12178.860 |
12929.271 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
23419.110 |
24700.260 |
4237.510 |
|
|
Other Income |
220.690 |
850.120 |
11.876 |
|
|
TOTAL |
23639.800 |
25550.380 |
4249.386 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
22018.970 |
23681.880 |
6505.272 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
612.200 |
307.970 |
(2535.581) |
|
|
Employees benefits
expense |
114.650 |
97.470 |
23.302 |
|
|
Extraordinary Item |
0.000 |
0.000 |
(580.599) |
|
|
Exceptional Items |
452.390 |
0.000 |
(0.374) |
|
|
Other expenses |
629.950 |
827.280 |
12.973 |
|
|
TOTAL |
23828.160 |
24914.600 |
3424.993 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(188.360) |
635.780 |
824.393 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
765.140 |
571.310 |
103.064 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(953.500) |
64.470 |
721.329 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.200 |
30.040 |
6.219 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(978.700) |
34.430 |
715.110 |
|
|
|
|
|
|
|
Less |
TAX |
(0.730) |
8.310 |
240.004 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(977.970) |
26.120 |
475.106 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
176.706 |
472.656 |
11.020 |
|
|
|
|
|
|
|
Add |
Profit Transfer as per Business
Transfer Agreement (2009-10) |
0.000 |
0.000 |
21.080 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
NA |
18.990 |
18.910 |
|
|
Dividend |
NA |
3.080 |
3.140 |
|
|
Tax on Dividend |
NA |
300.000 |
12.500 |
|
|
Total |
NA |
322.070 |
34.550 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
NA |
176.706 |
472.656 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Other
Income |
|
|
|
|
|
Commission |
49.160 |
9.490 |
NA |
|
|
Despatch / Demurrage |
29.810 |
Nil |
NA |
|
|
TOTAL EARNINGS |
78.970 |
9.490 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
15406.040 |
15906.600 |
2645.280 |
|
|
TOTAL IMPORTS |
15406.040 |
15906.600 |
2645.280 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(25.53) |
0.69 |
21.60 |
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
13000.000 |
22116.600 |
|
|
|
Due to market
fluctuation |
|
The above information has been parted by Mr. Naval Jain.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
6.150 |
8.460 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(146.690) |
3017.890 |
(6812.010) |
|
Net cash flows from (used in) operating activities |
(146.690) |
3017.890 |
(6812.010) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(4.18) |
0.11 |
11.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(0.80) |
2.57 |
19.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.13) |
0.33 |
5.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.57) |
0.01 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.75 |
1.92 |
2.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.03 |
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
379.770 |
379.770 |
417.680 |
|
Reserves & Surplus |
2025.548 |
2057.430 |
1302.570 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2405.318 |
2437.200 |
1720.250 |
|
|
|
|
|
|
long-term borrowings |
26.917 |
11.670 |
1.660 |
|
Short term borrowings |
5948.913 |
4667.120 |
4728.560 |
|
Current Maturities of
Long Term Debt |
0.000 |
8.460 |
6.150 |
|
Total borrowings |
5975.830 |
4687.250 |
4736.370 |
|
Debt/Equity ratio |
2.484 |
1.923 |
2.753 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
4237.510 |
24700.260 |
23419.110 |
|
|
|
482.896 |
(5.187) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
4237.510 |
24700.260 |
23419.110 |
|
Profit/Loss |
475.106 |
26.120 |
(977.970) |
|
|
11.21% |
0.11% |
(4.18%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
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) |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last five years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Loans repayable on demand from banks |
22.790 |
0.000 |
|
Loans and advances from others |
36.310 |
0.000 |
|
|
|
|
|
Total |
59.100 |
0.000 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10545601 |
31/12/2014 |
1,816,600,000.00 |
UNION BANK OF INDIA |
MID CORPORATE BRANCH, SATGURU PARINAYA,, PU-3, PL |
C41587379 |
|
2 |
10274694 |
19/03/2011 * |
12,990,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MU |
B10209963 |
*Date of modification Charges
BUSINESS OPERATIONS
[AS ON 31.03.2013]
During the financial year:
- The total Turnover of the Company was Rs. 23419.110 Million against Rs. 24700.260 Million in previous year.
- Profit before Finance Cost, Depreciation and Tax is Rs. 264.030 Million against Rs. 635.780 Million in previous year.
- During the year company handled 219254.282 Metric Tons of Indigenous Coal and 5189122.59 metric Tons of Imported Coal.
NOTE
The registered office of the company has been shifted from Plot No.358, I.D.A. Scheme No.44, Transport Nagar, Indore – 452001, Madhya Pradesh, India to the present address w.e.f. 01.04.2010.
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
Intangible Assets
· Computer Software
· Licenses and Franchise
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.83 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
17 |
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.