MIRA INFORM REPORT
|
Report No. : |
336763 |
|
Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CEMENT COMPANY PRIVATE LIMITED (w.e.f. 08.08.2011) |
|
|
|
|
Formerly Known
As : |
RELIANCE CEMENTATION PRIVATE LIMITED |
|
|
|
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Registered
Office : |
H Block, 1st Floor, |
|
Tel. No.: |
91-22-30098181 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
24.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173458 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.683.230
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26940MH2007PTC173458 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR23337G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR6967R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of all types and kinds of cements ordinary,
white, colored, Portland, Pozzolana Aluminum, Blast furnace, Silica, and all
other varieties of cements, lime and limestone, clinkers and/or by-products. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is a wholly owned subsidiary of Reliance Infrastructure
Limited. It is an established company having satisfactory track. Company possesses moderate operational performance and reported losses
from its operational activities. However, rating takes into account of company’s sound financial risk
profile backed by unconditional and irrevocable corporate guarantee extended
by Reliance Infrastructure Ltd. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of being part of Reliance Group Of companies backed by
experiences senior management team, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term, term
loan = A+ |
|
Rating Explanation |
Adequate degree
of safety and low credit risk. |
|
Date |
30.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank
Facilities = BBB+ |
|
Rating Explanation |
Moderate degree
of safety and moderate credit risk. |
|
Date |
30.03.2015 |
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 (91-22-30386290, 30385000)
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi
Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30098181 |
|
Fax No.: |
91-22-30098128 |
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E-Mail : |
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|
Website : |
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|
|
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Corporate Office : |
E-Block, 3W 44, First Floor, Dhirubhai Ambani Knowledge City,
Koparkhairane, Thane Belapur Road, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30383333 |
|
|
|
|
Factory : |
Located At:
|
DIRECTORS
As on 11.09.2014
|
Name : |
Mr. Atul Rasiklal Desai |
|
Designation : |
Whole Time Director |
|
Address : |
C-1, Manan Flat, Bank of Baroda, Navrangpura, Ahmedabad - 380009,
Gujarat, India |
|
Date of Birth/Age : |
28.09.1961 |
|
Date of Appointment : |
11.03.2014 |
|
DIN No.: |
01918187 |
|
|
|
|
Name : |
Mr. Darshan Lal |
|
Designation : |
Whole Time Director |
|
Address : |
Building Casa Blanca, F No. 1301/1302, G.B. Road, Thane - 400607,
Maharashtra, India |
|
Date of Birth/Age : |
1.01.1959 |
|
Date of Appointment : |
11.03.2014 |
|
DIN No.: |
06811040 |
KEY EXECUTIVES
|
Name : |
Ganesan T V |
|
Designation : |
Secretary |
|
Address : |
Flat No. 203, Mohnesh - 2, Plot No. 270.271, Sector 21, Nerul, Navi
Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
28.07.2014 |
|
Date of Appointment : |
27.09.2013 |
|
PAN No.: |
AABPT6312P |
MAJOR SHAREHOLDERS
AS ON 11.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Infrastructure Limited, |
|
120996076 |
|
Prachi Potnis jointly with Reliance Infrastructure Limited, India |
|
100 |
|
Total |
|
120996176 |
Equity Share Break up (Percentage of Total Equity)
AS ON 11.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of all types and kinds of cements ordinary,
white, colored, Portland, Pozzolana Aluminum, Blast furnace, Silica, and all other
varieties of cements, lime and limestone, clinkers and/or by-products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the
management |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
|
|
|
Financial Institution : |
IDBI Trusteeship
Services Limited, |
|
|
|
|
Auditors : |
|
|
Name : |
Bhandari Dastur Gupta and Associates Chartered Accountants |
|
Address : |
210, 2nd
Floor Ashoka Shopping Centre, G.T. Hospital Complex, L.T. Road, Mumbai,
Maharashtra, India |
|
PAN No.: |
AADFB3359C |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
Holding Company : |
CIN No.: L99999MH1929PLC001530 |
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|
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|
Subsidiaries
Companies: |
CIN No.: U26940MH2008PTC217838
CIN No.: U26943MH2008PTC217839
CIN No.: U26940MH2011PTC214982 |
|
|
|
|
Enterprise over
which person has significant influence : |
CIN No.: U66603MH2000PLC128300 |
CAPITAL STRUCTURE
As on 11.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120996076 |
Equity Shares |
Rs.10/- each |
Rs.1209.961 Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68323000 |
Equity Shares |
Rs.10/- each |
Rs.683.230
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
683.230 |
683.230 |
683.230 |
|
(b) Reserves & Surplus |
4060.005 |
4158.517 |
4159.126 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
3738.500 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8,481.735 |
4,841.747 |
4,842.356 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18844.305 |
13829.936 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
71.096 |
|
(d) long-term
provisions |
29.657 |
19.679 |
4.115 |
|
Total Non-current
Liabilities (3) |
18,873.962 |
13,849.615 |
75.211 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2433.961 |
1700.507 |
0.000 |
|
(b) Trade
payables |
106.431 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
1599.075 |
703.512 |
276.485 |
|
(d) Short-term
provisions |
3.161 |
5.945 |
13.385 |
|
Total Current
Liabilities (4) |
4142.629 |
2409.964 |
289.870 |
|
|
|
|
|
|
TOTAL |
31498.325 |
21101.326 |
5207.437 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3681.360 |
2131.497 |
1511.157 |
|
(ii)
Intangible Assets |
10.447 |
8.456 |
2.581 |
|
(iii)
Capital work-in-progress |
25855.900 |
17177.645 |
2142.117 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
1.100 |
1.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
97.949 |
178.384 |
1438.160 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
29645.756 |
19497.082 |
5095.315 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
934.267 |
0.000 |
|
(b)
Inventories |
496.888 |
66.813 |
0.000 |
|
(c) Trade
receivables |
30.991 |
5.920 |
0.000 |
|
(d) Cash
and cash equivalents |
344.141 |
47.537 |
108.160 |
|
(e)
Short-term loans and advances |
972.420 |
538.144 |
3.962 |
|
(f) Other
current assets |
8.129 |
11.563 |
0.000 |
|
Total
Current Assets |
1852.570 |
1604.244 |
112.122 |
|
|
|
|
|
|
TOTAL |
31498.325 |
21101.326 |
5207.437 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
718.317 |
15.762 |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
747.524 |
16.370 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(98.513) |
(0.608) |
NA |
|
|
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(98.513) |
(0.608) |
NA |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.652) |
(0.044) |
(0.044) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(99.165) |
(0.652) |
(0.044) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.44) |
(0.01) |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
196.774 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
49.944 |
(6.528) |
0.000 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(13.71) |
(3.86) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.75) |
(0.02) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.00 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.53 |
3.21 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.45 |
0.67 |
0.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
683.230 |
683.230 |
683.230 |
|
Reserves & Surplus |
4159.126 |
4158.517 |
4060.005 |
|
Net
worth |
4842.356 |
4841.747 |
8481.735 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
13829.936 |
18844.305 |
|
Short term borrowings |
0.000 |
1700.507 |
2433.961 |
|
Total
borrowings |
0.000 |
15530.443 |
21475.040 |
|
Debt/Equity
ratio |
0.000 |
3.208 |
2.532 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND OF
THE COMPANY
The company is a private limited Company incorporated on the August 24, 2007 under the Companies Act 1956 with the object of carrying on business of manufacturers of all types and kinds of cements ordinary, white, colored, Portland, Pozzolana Aluminum, Blast furnace, Silica, and all other varieties of cements, lime and limestone, clinkers and/or by-products thereof. The Company is a subsidiary of Reliance Infrastructure Limited, a Company incorporated in India. To achieve this objective Company is setting up Integrated Cement unit at Maihar in Madhya Pradesh, Mukutban in Maharashtra, and Grinding Unit at Butibori in Maharashtra, Kundangunj in Uttar Pradesh and Blending unit at Gondavali in Madhya Pradesh.
During the year Company has started Commercial operations of grinding unit at Butibori and trial run production is started at Kundanganj Grinding Unit and trial run production of clinker at Maihar.
BUSINESS OPERATIONS
During the year, Maihar Project and Kundangani plant started production and marketing of the Company was launched in Uttar Pradesh, Bihar, Jharkhand, West Bengal and Madhya Pradesh. The Company recorded mineral concessions in 6 states i.e. in Madhya Pradesh, Rajasthan, Maharashtra, Karnataka, Andhra Pradesh and Himachal Pradesh, with a total reserve of 1,085 million tonnes which would be sufficient for 44 MTPA capacity of plant. The Company also established a healthy pipeline of 159 applied PL/ML across 15 States and it also has market presence in 7 states which account for 43% of total Indias cement demand.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
1609.200 |
1352.634 |
|
Other loans and advances |
820.000 |
620.000 |
|
Total |
2429.200 |
1972.634 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10485396 |
05/11/2014 * |
1,750,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDNG, GROUND FLOOR, 17, R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C42823708 |
|
2 |
10485395 |
05/11/2014 * |
1,301,870,400.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17,
R.KAMANI MARG,, BA |
C42825372 |
|
3 |
10485397 |
05/11/2014 * |
929,629,600.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17,
R.KAMANI MARG,, BA |
C42826461 |
|
4 |
10475010 |
09/12/2014 * |
3,000,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE,
ALKAPURI, BARODA, GUJ |
C36713204 |
|
5 |
10363024 |
05/11/2014 * |
16,118,500,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG, GROUND FLOOR, 17, R.
KAMANI MARG, BAL |
C44528263 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
RELIANCE CEMENT, GMR WIN ON FIRST DAY OF COAL AUCTIONS
NEW DELHI, FEB
14:
Anil Ambani Group's Reliance Cement and GMR Group won the two blocks on offer on the first day of coal auctions.
Reliance Cement won the first coal block after it emerged as the highest bidder for the Sial Ghoghri mine in Madhya Pradesh which has 5.61 million tonne of reserves.
GMR's subsidiary GMR Chhatisgarh Energy won the Talabira I block. The blocks reserved for the power sector where the lowest bidder is the winner and GMR's bid of Rs 478 per tonne was the winning bid.
“Bidding for Sial Ghogri has just finished and the winning bid is for Rs 1,402 per tonne. The winning bidder will have to pay that amount for extracting each tonne of coal to the Madhya Pradesh State Government,” Power, Coal and New and Renewable Energy Minister, Piyush Goyal said on Saturday.
It has an annual peak rated capacity of 0.3 million tonne per annum. The premium paid over the floor price was Rs.375.600 Millions .56 crore per annum. Over the entire mine life, the Madhya Pradesh State Government will get Rs.7977.400 Million of revenue which is a premium of Rs.7123.900 Million over the floor price of the block. The prior allottee was also a cement maker called Prism Cement.
Auctioning of coal blocks began on Saturday with two mines -- Sial Ghoghri in Madhya Pradesh and Talabira I in Odisha.
Talabira-I, reserved for the power sector has 33.84 million tonne of mineable reserves and the qualified bidders were the likes of Adani Power, Essar Power, GMR Chhattisgarh Energy, OPG Power Generation and Sesa Sterlite.
Sial Ghoghri is for the non-regulated sector and the bidders who participated in the auction are Hindustan Zinc, OCL Iron and Steel and Anil Ambani Group's Reliance Cement. The block has 5.61 million tonne of reserves.
After the technical stage, 134 bidders were eligible to participate in the financial rounds. Saturday is the first day of the financial bid rounds.
MEDIA RELEASE
RELIANCE CEMENT LAUNCHED IN BIHAR
CREATES STRONG CHANNEL NETWORK FOR DEEPER
REACH
COMPANY TO INTRODUCE ON-SITE EXPERT SERVICE
TO SUPPORT CONSUMERS IN BUILDING HOUSES
RELIANCE CEMENT’S 5 MILLION TONNE PLANT IN
MADHYA PRADESH COMMISSIONED
5 MILLION TONNE PLANT IN MAHARASHTRA UNDER
CONSTRUCTION
Mumbai/Patna, September 08, 2014: Reliance Cement Company Private Limited (RCC), a subsidiary of Reliance Infrastructure Limited, today launched its cement in Bihar, which is one of the most promising cement markets in India.
The cement market in Bihar is expected to grow at the rate of 9% over the next few years. The increasing industrial activity due to real-estate boom and other infrastructure developments will drive this growth. Reliance Cement is well positioned to serve the potential cement market in Bihar.
Commenting on the development, Atul Desai, CMO, Reliance Cement, said, “Bihar is among the largest cement consuming states in India with total consumption of around 14 million tonne per annum.”
Emphasising on the unique features of Reliance Cement, he further added, “Reliance Cement is the first player in the Indian Cement industry to have unique QR Code printed on its cement bags. The customer, using smart phone, can scan this QR code for more information on the product features, and more importantly will get the Quality Assurance by the Company. This would help customers to identify and procure unadulterated cement from the market”.
Reliance Cement has already built its strong brand image at key Indian cities within two years of its launch. It currently sells cement in the key cities of Maharashtra, Uttar Pradesh, Madhya Pradesh, West Bengal and Jharkhand, where it has established itself as one of the most preferred brands. It has also started exporting clinkers to neighbouring country, Nepal.
Reliance Cement delivers NEXTGEN experience to its customers. The company will soon be launching its innovative customer initiative “On-site Expert Service” in Bihar. The initiative will provide an array of services, ranging from expert engineer’s advice to on-site concrete testing services, to assist people in building their perfect house with help of “Perfect Cement”. The company will also supply different types of cement - OPC, PPC and PSC - in Bihar as per the local demand.
The state-of-the-art packaging of Reliance Cement ensures zero loss to end consumers. The product is also recommended as an alternative to Ordinary Portland Cement (OPC) 43 and (OPC) 53 grades.
Some of the unique features of Reliance Cement are:
(a) UPSD TECHNOLOGY: STRONGER BUILDINGS: Reliance Cement introduces Uniform Particle Size Distribution (UPSD) technology that produces cement with a high fineness and rapid setting property.
(b) FASTER CONSTRUCTION: BUILDS HOMES FASTER: Reliance Cement sets faster than other cements and gives more strength at the same time.
(c) ROBOTIC QUALITY CONTROL: Reliance Cement is manufactured with state of the art plants equipped with robotic quality control labs, which ensure consistent quality of Cement across bags.
(d) PERFECT PACKAGING: Factory sealed laminated poly propylene bags (LPP) assures:
1. Tamper proof - assured 50 Kg quantity without any possibility of adulteration
2. Weather & moisture resistant - more shelf life and fresh Cement
3. Dust free and clean environment - clean storage and less dusting from bags
4. Empty used bags may be re-used as curing sheets
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 records 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.63.83 |
|
UK Pound |
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
44 |
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.