MIRA INFORM REPORT
|
Report No. : |
336831 |
|
Report Date : |
26.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHASKAR SHRACHI ALLOYS LIMITED |
|
|
|
|
Registered
Office : |
8/1, Middleton Row, Kolkata - 700071, West Bengal |
|
Tel. No.: |
91-33-22298877 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
19.04.1995 |
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|
|
|
Com. Reg. No.: |
21-071126 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.125.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L51109WB1995PLC071126 |
|
|
|
|
IEC No.: |
0299018687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB03547F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8956C |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
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|
|
|
Line of Business
: |
Manufacturer of Silico Manganese and Ferro Manganese. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
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 |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 1995
having a moderate track. The financial position of the company is weak. It is continuously
incurring heavy losses from its operational activities which has fully eroded
its entire net worth. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on a secured trade
terms and conditions. Note:- Company has been found under RBI defaulter however the data provided
is old. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATINGS AND RESERACH |
|
Rating |
Long term loan “D “ |
|
Rating Explanation |
Default or are expected to be in default soon |
|
Date |
30.09.2014 |
|
Rating Agency Name |
INDIA RATINGS AND RESEARCH |
|
Rating |
Non fund based limits “D” |
|
Rating Explanation |
Default or expected to be in default on maturity |
|
Date |
30.09.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a defaulter
in the publicly available RBI Defaulters’ list and the details of the same are
as under :
|
Bank |
Branch |
Quarter |
Borrower Name |
Directors Name |
Outstanding Amount ( Rs. in Million) |
|
INDUSTRIAL INVESTMENT BANK OF
INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKAT |
31-03-02 |
K.K.RUNGTA, M.RUNGTA, R.S.AGARWAL,
S.K.TODI, S.N.BAGLA |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKAT |
30-06-02 |
K.K.RUNGTA, M.RUNGTA,
R.S.AGARWAL, S.K.TODI, S.N.BAGLA |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKAT |
30-09-02 |
K.K.RUNGTA, M.RUNGTA,
R.S.AGARWAL, S.K.TODI, S.N.BAGLA |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKAT |
31-12-02 |
K.K.RUNGTA, M.RUNGTA,
R.S.AGARWAL, S.K.TODI, S.N.BAGLA |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
31-03-03 |
S.K.Todi, K.K.Rungta,
S.N.Bagla, M.Rungta, R.S.Agarwal |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
30-06-03 |
S.K.Todi, R.S.Agarwal,
M.Rungta, K.K.Rungta, S.N.Bagla |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
30-09-03 |
K.K.Rungta, S.N.Bagla,
M.Rungta, R.S.Agarwal, S.K.Todi |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
31-12-03 |
S.K.Todi, R.S.Agarwal,
K.K.Rungta, S.N.Bagla, M.Rungta |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
31-03-04 |
K.K.Rungta, S.N.Bagla,
M.Rungta, S.K.Todi, R.S.Agarwal |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
30-06-04 |
M.Rungta, R.S.Agarwal,
S.K.Todi, K.K.Rungta, S.N.Bagla |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
30-09-04 |
S.N.Bagla, M.Rungta, S.K.Todi,
R.S.Agarwal, K.K.Rungta |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
31-12-04 |
S.K.Todi, K.K.Rungta,
S.N.Bagla, R.S.Agarwal, M.Rungta |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
31-03-05 |
S.N.Bagla, M.Rungta,
R.S.Agarwal, S.K.Todi, K.K.Rungta |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE, KOLKATA |
30-06-05 |
K.K.Rungta, S.N.Bagla,
M.Rungta, R.S.Agarwal, S.K.Todi |
62.500 |
|
Bank |
Branch |
Quarter |
Borrower Name |
Directors Name |
Outstanding Amount ( Rs. in Million) |
|
INDUSTRIAL INVESTMENT BANK OF
INDIA LIMITED |
EASTERN ZONAL |
31-03-02 |
K.K.RUNGTA, M.RUNGTA,
S.N.BAGLA |
22.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
30-06-02 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
22.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
30-09-02 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
22.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
31-12-02 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
22.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
31-03-03 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
30-06-03 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
30-09-03 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
31-12-03 |
K.K.Rungta, M.Rungta,
S.N.Bagla |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
31-03-04 |
K.K.Rungta, S.N.Bagla,
M.Rungta |
62.500 |
|
|
INDUSTRIAL INVESTMENT BANK OF INDIA LIMITED |
EASTERN ZONAL OFFICE |
30-06-04 |
K.K.Rungta, S.N.Bagla,
M.Rungta |
62.500 |
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. G. S. Sharma |
|
Designation : |
G. M. Accounts |
|
Contact No.: |
91-33-22298877 |
|
Date : |
24.08.2015 |
LOCATIONS
|
Registered Office : |
8/1, Middleton Row, Kolkata - 700071, West Bengal, India |
|
Tel. No.: |
91-33-22298877/ 22290114/ 22297190 |
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Fax No.: |
91-33-22297223 |
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E-Mail : |
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|
Website : |
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Factory: |
Durgapur, Waria Road, Angadpur, Durgapur - 713215, West Bengal, India |
|
Tel. No.: |
91-343-2590709/ 2590702 |
|
Fax No.: |
91-343-2590710 |
DIRECTORS
AS ON: 29.09.2014
|
Name : |
Mr. Shrawan Kumar Todi |
|
Designation : |
Director |
|
Address : |
2 Queens Park, Kolkata-700019 West Bengal, India |
|
Date of Birth/Age : |
15.08.1941 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
31.07.2008 |
|
Din No.: |
00080303 |
|
|
|
|
Name : |
Mr. Manoj Kumar Baheti |
|
Designation : |
Director |
|
Address : |
1, Shiv Thakur Lane, Burrabazar, Kolkata-700007, West Bengal, India |
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Date of Birth/Age : |
04.02.1978 |
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Qualification : |
CA & CS |
|
Date of Appointment : |
31.07.2006 |
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|
|
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Din No.: |
00562913 |
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|
|
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Name : |
Mr. Krishna Kumar Rungta |
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Designation : |
Director |
|
Address : |
5 K, New Road, Alipore, Kolkata – 700027, West Bengal, India |
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Date of Birth/Age : |
11.08.1944 |
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Date of Appointment : |
02.07.2012 |
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Din No.: |
00385473 |
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|
|
|
Name : |
Mr. Ravi Todi |
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Designation : |
Additional Director |
|
Address : |
2, Queens Park, Kolkata – 700019, West Bengal, India |
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Date of Birth/Age : |
01.05.1969 |
|
Date of Appointment : |
09.11.2010 |
|
|
|
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DIN No.: |
00080388 |
|
Name : |
Sanjeev Agarwal |
|
Designation : |
Additional Director |
|
Address : |
Ck-276, Salt Lake City, Sector - II, Kolkata - 700091, West Bengal, India |
|
Date of Appointment : |
05.01.2015 |
|
DIN No.: |
00080755 |
|
|
|
|
Name : |
Mukesh Kumar Rathi |
|
Designation : |
Director |
|
Address : |
20, Round Tank Lane,, Howrah, 711101, West Bengal, India |
|
Date of Appointment : |
02.12.2013 |
|
DIN No.: |
06683723 |
KEY EXECUTIVES
|
Name : |
Chandani Mohta |
|
Designation : |
Secretary |
|
Address : |
90, Golaghata Road, Mahavir Apartmennt, Kolkata - 700048, West Bengal, India |
|
Date of Appointment : |
12.11.2013 |
|
PAN No.: |
AIRPM7315H |
|
|
|
|
Name : |
Mr. G. S. Sharma |
|
Designation : |
G. M. Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2014
NOT AVAILABLE
Equity Share Break up (Percentage of Total Equity)
AS ON: 29.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Public financial companies |
|
0.40 |
|
Bodies corporate |
|
58.63 |
|
Directors or relatives of directors |
|
22.15 |
|
Other top fifty shareholders |
|
6.56 |
|
Others |
|
12.26 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Silico Manganese and Ferro Manganese. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw material |
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Countries : |
Australia |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
350 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
K.N. Gutgutia
and Company Chartered Accountants |
|
Address : |
6C, Middleton
Street, Kolkata – 700071, West Bengal, India |
|
Tel. No.: |
91-33-22873735/ 56 |
|
Fax No.: |
91-33-22873756 |
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E-Mail : |
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PAN No.: |
AACSK6448G |
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Memberships : |
-- |
|
|
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Tirumala Balaji Alloys Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 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 |
125.000 |
120.000 |
120.000 |
|
(b) Reserves & Surplus |
(241.513) |
(98.645) |
(24.361) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
5.000 |
0.200 |
|
Total Shareholders’ Funds (1) + (2) |
(116.513) |
26.355 |
95.839 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
150.002 |
135.821 |
3.215 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
150.002 |
135.821 |
3.215 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
281.510 |
362.643 |
335.581 |
|
(b) Trade
payables |
532.418 |
196.716 |
363.318 |
|
(c) Other
current liabilities |
53.469 |
42.221 |
26.079 |
|
(d) Short-term
provisions |
1.524 |
1.608 |
1.638 |
|
Total Current
Liabilities (4) |
868.921 |
603.188 |
726.616 |
|
|
|
|
|
|
TOTAL |
902.410 |
765.364 |
825.670 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
134.368 |
154.363 |
170.371 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
13.943 |
13.942 |
13.943 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
34.664 |
24.421 |
73.826 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
182.975 |
192.726 |
258.140 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
449.683 |
358.658 |
370.674 |
|
(c) Trade
receivables |
105.187 |
110.516 |
118.118 |
|
(d) Cash
and cash equivalents |
63.005 |
38.333 |
24.219 |
|
(e)
Short-term loans and advances |
74.633 |
44.055 |
29.136 |
|
(f) Other
current assets |
26.927 |
21.076 |
25.383 |
|
Total
Current Assets |
719.435 |
572.638 |
567.530 |
|
|
|
|
|
|
TOTAL |
902.410 |
765.364 |
825.670 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1287.365 |
1235.724 |
1604.184 |
|
|
|
Other Income |
2.842 |
4.911 |
6.107 |
|
|
|
TOTAL |
1290.207 |
1240.635 |
1610.291 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
633.961 |
731.552 |
1012.004 |
|
|
|
Purchases of Stock-in-Trade |
274.813 |
53.866 |
307.731 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(38.131) |
(20.863) |
(60.557) |
|
|
|
Employees benefits expense |
30.024 |
31.063 |
28.475 |
|
|
|
Other expenses |
453.112 |
437.272 |
497.323 |
|
|
|
TOTAL |
1353.779 |
1232.890 |
1784.976 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(63.571) |
7.745 |
(174.685) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.673 |
58.116 |
49.841 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(121.244) |
(50.371) |
(224.526) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.621 |
23.913 |
26.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(142.867) |
(74.284) |
(250.754) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
3.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(142.867) |
(74.284) |
(253.812) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(100.700) |
(26.416) |
(227.396) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(243.566) |
(100.700) |
(26.416) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
677.016 |
502.707 |
697.730 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(11.43) |
(6.19) |
(8.25) |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
Expected Sales ( 2015-2016 ) : Rs.1600.000 Million
The above information has been parted by Mr. G.S. Sharma
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
24.900 |
9.904 |
11.327 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
148.084 |
(89.245) |
181.196 |
|
Net cash flows from (used in) operating activities |
148.084 |
(89.245) |
175.218 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(11.10) |
(6.01) |
(15.63) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(4.94) |
0.63 |
(10.89) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.08) |
(9.89) |
(30.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.23 |
(2.82) |
(2.62) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(3.92) |
19.29 |
3.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.95 |
0.78 |
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 |
120.000 |
120.000 |
125.000 |
|
Reserves & Surplus |
(24.361) |
(98.645) |
(241.513) |
|
Share Application money
pending allotment |
0.200 |
5.000 |
0.000 |
|
Net worth |
95.839 |
26.355 |
(116.513) |
|
|
|
|
|
|
long-term borrowings |
3.215 |
135.821 |
150.002 |
|
Short term borrowings |
335.581 |
362.643 |
281.510 |
|
Current Maturities of
Long Term Debt |
11.327 |
9.904 |
24.900 |
|
Total borrowings |
350.123 |
508.368 |
456.412 |
|
Debt/Equity ratio |
3.653 |
19.289 |
(3.917) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1604.184 |
1235.724 |
1287.365 |
|
|
|
(22.969) |
4.179 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1604.184 |
1235.724 |
1287.365 |
|
Profit/Loss |
(250.754) |
(74.284) |
(142.867) |
|
|
(15.63%) |
(6.01%) |
(11.10%) |
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 |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 LOAN
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
|
(Rs. In Million) |
|
|
SHORT TERM
BORROWINGS: |
|
|
|
Intercorporate borrowings |
13.016 |
120.232 |
|
Total |
13.016 |
120.232 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10063118 |
18/02/2013 * |
643,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, ALIPORE, 24/1/1, ALIPORE ROAD, |
B70596432 |
|
2 |
80039729 |
18/02/2013 * |
643,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, ALIPORE, 24/1/1, ALIPORE ROAD, |
B70594924 |
* Date of charge modification
OPERATING RESULTS [AS
ON 31.03.2014]
The gross sales and net sales for the year stood at Rs. 1305.500 Million and Rs. 1260.400 Million, respectively, reduced that of the previous year. However, substantial increase of raw material cost, provisional increase in power tariff by Damodar Valley Corporation and stressed sales realization caused the company loss of Rs. 142.900 Million for the year in comparison to net loss of Rs. 74.300 Million in the previous year.
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and
Fixtures
- Vehicles
- Motor
Vehicles
- Office
Equipment
- Computer
Equipment’s
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 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.66.71 |
|
|
1 |
Rs.105.10 |
|
Euro |
1 |
Rs.77.11 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
---- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
---- |
|
--CREDIT LINES |
1~10 |
---- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
YES |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
13 |
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.