MIRA INFORM REPORT
|
Report No. : |
355085 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARADEEP PHOSPHATES LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Orissa State, Handloom Weavers, Cooperative Building,
Pandit J. N Marg, Bhubaneshwar – 751001, Orissa |
|
Tel. No.: |
91-674-2393931 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
24.12.1981 |
|
|
|
|
Com. Reg. No.: |
15-001020 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5754.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129OR1981PLC001020 |
|
|
|
|
IEC No.: |
2388000351 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP3276D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and marketing of fertilizers and pesticides. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 30000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Zuari Maroc Phosphates Limited”. It is a
well-established company having a satisfactory track. For the FY 15, the company has reported fair profitability margin. It
has been successful in wiping off its previous year loss. The company possesses decent networth base marked by adequate cash
accruals and favourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payment terms are
usually correct. In view of good holding company, the company can be considered for
business 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.
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 |
ICRA |
|
Rating |
Fund based, Long term facilities = BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
August, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund based, Short term facilities = A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
August, 2014 |
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
31-03-2015.
INFORMATION DENIED
Management Non-Co-operative (91-674-2393931)
LOCATIONS
|
Registered Office : |
5th Floor, Orissa State, Handloom Weavers, Cooperative
Building, Pandit J. N Marg, Bhubaneswar – 751001, Orissa, India |
|
Tel. No.: |
91-674-2393931 / 2391669 |
|
Fax No.: |
91-674-2392631/ 2391669/ 2394987/ 2398392 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
PPL Township, Paradeep – 754145, Orissa, India |
|
Tel. No.: |
91-6722-229600 |
|
Fax No.: |
91-6722-229625/ 229605 |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
A-132, Sharheed Nagar, Bhubaneshwar – 751006, Orissa, India Also Located at: · Andhra Pradesh · Bihar · Chhattisgarh · Jharkhand · Madhya Pradesh · Maharashtra · Nashik · Siliguri · Uttar Pradesh (Central) · Uttar Pradesh (East) · Uttar Pradesh (West) · Vijayawada · West Bengal |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Saroj Kumar Poddar |
|
Designation : |
Nominee Director |
|
Address : |
Poddar Niket 2, Gurusaday Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
15.09.1945 |
|
Date of Appointment : |
05.02.2014 |
|
DIN No.: |
00008654 |
|
|
|
|
Name : |
Mr. Sharachchandra Shrikrishna Nandurdikar |
|
Designation : |
Managing director |
|
Address : |
49/2, Friends Colony (East), Mathura Road, Delhi – 110065, India |
|
Date of Birth/Age : |
09.09.1945 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00148427 |
|
PAN No.: |
AAQPN5214K |
|
|
|
|
Name : |
Neeraj Singhal |
|
Designation : |
Nominee Director |
|
Address : |
7 / 8 Block – A, Multi Storied Flats, Peshwa Road, New Delhi – 110001,
Delhi, India |
|
Date of Birth/Age : |
02.10.1969 |
|
Date of Appointment : |
26.07.2012 |
|
DIN No.: |
05334230 |
|
|
|
|
Name : |
Vikram Singh Rana |
|
Designation : |
Director |
|
Address : |
F – 246, Vivek Vihar, Alwar, Jodhpur – 340002, Rajasthan, India |
|
Date of Birth/Age : |
22.09.1971 |
|
Date of Appointment : |
29.04.2013 |
|
DIN No.: |
06569690 |
|
|
|
|
Name : |
Mustapha Eloufi |
|
Designation : |
Nominee Director |
|
Address : |
RUE Imam Tabarani, RES Youssofia, Apartment – 108, Marif Casablanca,
Morocco, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
17.12.2013 |
|
DIN No.: |
06765538 |
|
|
|
|
Name : |
Mr. Sunil Sethy |
|
Designation : |
Director |
|
Address : |
601/33, Heritage City, Gurgaon - 122002,
Haryana, India |
|
Date of Appointment : |
05.03.2015 |
|
DIN No.: |
00244104 |
|
|
|
|
Name : |
Mr. Kapil Mehan |
|
Designation : |
Managing Director |
|
Address : |
505B, Aralias, DLF Golf Links, Golf Course
Road, DLF Phase V, Gurgaon - 122002, Haryana, India |
|
Date of Appointment : |
14.05.2015 |
|
DIN No.: |
01215092 |
|
|
|
|
Name : |
Mr. Dantuluri Satyanarayana Ravindra Raju |
|
Designation : |
Whole-time Director |
|
Address : |
805 D Block St. John Wood Apartment,
Tavarekere Main Road, Bangalore - 560041, Karnataka, India |
|
Date of Appointment : |
01.11.2014 |
|
DIN No.: |
03274336 |
|
|
|
|
Name : |
Mr. Anil Chandra Gupta |
|
Designation : |
Director |
|
Address : |
24 - Krishinagar, P.O. Manovikasnagar,
Bowenpally, Secunderabad - 500009, Telangana, India |
|
Date of Appointment : |
05.03.2015 |
|
DIN No.: |
06363513 |
|
|
|
|
Name : |
Mr. Mohamed Belhoussain |
|
Designation : |
Nominee Director |
|
Address : |
Rue Imam Tabarani, Res Yousoufia, B2 ETG
14, NR 148, Marrif, Casablanca, Na, Morocco |
|
Date of Appointment : |
29.10.2015 |
|
DIN No.: |
06793423 |
|
|
|
|
Name : |
Mr. Ghislane Guedira |
|
Designation : |
Nominee Director |
|
Address : |
7, Rue Jbel Bani, Hay Salam, Casablanca,
Na, Morocco |
|
Date of Appointment : |
13.02.2015 |
|
DIN No.: |
07096690 |
KEY EXECUTIVES
|
Name : |
Mr. Damodar Mishra |
|
Designation : |
Secretary |
|
Address : |
VI – M – 839, H.B Colony, Sailashree Vihar, Chandrashekharpur,
Bhubaneshwar – 751021, Khurda, Odisha, India |
|
Date of Birth/Age : |
06.07.1958 |
|
Pan No : |
ABKPM7438B |
|
Date of Appointment : |
22.04.1997 |
|
|
|
|
Name : |
Mr. Ranjit Kumar Nanda |
|
Designation : |
Chief Financial Officer |
|
Address : |
Plot No-A /63, PPL Colony, Khandagiri,
Aiginia, Bhubaneswar - 751019, Orissa, India |
|
Date of Appointment : |
29.10.2014 |
|
PAN No.: |
AAKPN9905H |
MAJOR SHAREHOLDERS
AS ON 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
India of President |
|
1124879 |
|
Zuari Maroc Phosphates Limited |
|
4629600 |
|
Sharachchandra Shrikrishna Nandurdikar |
|
1 |
|
Ranjit Kumar Nanda |
|
1 |
|
Satchikanta Parija |
|
1 |
|
Damodar Mishra |
|
1 |
|
R.Y Patil |
|
1 |
|
Suresh Krishnan |
|
1 |
|
Mukesh Bhardwaj |
|
2 |
|
Suvendo Das |
|
1 |
|
Zurari Maroc Phosphates Limited – India, jalkissan Bhawan |
|
2 |
|
|
|
1 |
|
Zurari Maroc Phosphates Limited – India, Sunil Gupta |
|
1 |
|
Suresh Chandra Gupta |
|
1 |
|
|
|
2 |
|
Sahu Bairagi P. |
|
2 |
|
Kulwant Rana |
|
1 |
|
Dhananjay Prasad Srivastava |
|
1 |
|
P. K. Tripthi |
|
1 |
|
|
|
|
|
Total |
|
5754500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2014
|
Category |
Percentage |
|
Government [
Central and State ] |
19.55 |
|
Bodies corporate |
80.45 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and marketing of fertilizers and pesticides. [Registered Activity] |
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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 : |
Not Divulged |
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|
Imports : |
Not Divulged |
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|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
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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|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi
and Company Chartered Accountants |
|
Address : |
22, Camac
Street, Block-C, 3rd Floor Kolkata – 700016, West Bengal, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Ultimate Holding
company : |
Zuari Agro Chemicals Limited |
|
|
|
|
Other Related Parties : |
·
Indo Maroc Phosphore SA, Morocco · OCP, Morocco ·
Bunge Maroc Phosphore ·
Phosphates De Boucraa SA ·
Zuari Global Limited ·
Simon India Limited ·
Zuari Infraworld India Limited ·
Zuari Management Services Limited · Zuari Insurance Brokers Limited · Zuari Fertilisers and Chemicals Limited · Zuari Agri Sciences Limited · Zuari Management Services Limited ·
Indian Furniture Products Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.1000/- each |
Rs.8000.000 Million |
|
2000000 |
Preference Shares |
Rs.1000/- each |
Rs.2000.000 Million |
|
|
|
|
|
|
|
Total
|
|
Rs.10000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5754500 |
Equity Shares |
Rs.1000/-
each |
Rs.5754.500
Million |
|
|
|
|
|
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 |
5754.500 |
5754.500 |
5754.500 |
|
(b) Reserves & Surplus |
4837.409 |
4404.091 |
5663.006 |
|
(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) |
10591.909 |
10158.591 |
11417.506 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3984.087 |
3004.990 |
1087.786 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
63.886 |
|
(c) Other long term
liabilities |
56.555 |
225.172 |
48.019 |
|
(d) long-term
provisions |
51.753 |
59.674 |
422.646 |
|
Total Non-current
Liabilities (3) |
4092.395 |
3289.836 |
1622.337 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
15020.206 |
19164.213 |
28845.763 |
|
(b) Trade
payables |
3300.171 |
1728.058 |
1593.398 |
|
(c) Other
current liabilities |
2263.247 |
1289.824 |
1548.742 |
|
(d) Short-term
provisions |
540.941 |
508.462 |
439.382 |
|
Total Current Liabilities
(4) |
21124.565 |
22690.557 |
32427.285 |
|
|
|
|
|
|
TOTAL |
35808.869 |
36138.984 |
45467.128 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3627.116 |
3447.015 |
2961.378 |
|
(ii)
Intangible Assets |
15.645 |
10.491 |
12.117 |
|
(iii)
Capital work-in-progress |
4665.453 |
3062.617 |
762.299 |
|
(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 |
535.931 |
707.562 |
1144.578 |
|
(e) Other
Non-current assets |
577.893 |
260.307 |
136.815 |
|
Total Non-Current
Assets |
9422.038 |
7487.992 |
5017.187 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7687.379 |
5418.261 |
6847.637 |
|
(c) Trade
receivables |
12861.707 |
17698.308 |
27655.077 |
|
(d) Cash
and cash equivalents |
484.768 |
440.003 |
1056.024 |
|
(e)
Short-term loans and advances |
819.441 |
822.801 |
358.345 |
|
(f) Other
current assets |
4533.536 |
4271.619 |
4532.858 |
|
Total
Current Assets |
26386.831 |
28650.992 |
40449.941 |
|
|
|
|
|
|
TOTAL |
35808.869 |
36138.984 |
45467.128 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
41587.529 |
42310.731 |
52726.094 |
|
|
|
Other Income |
704.077 |
428.774 |
745.630 |
|
|
|
TOTAL (A) |
42291.606 |
42739.505 |
53471.724 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
26252.084 |
22705.384 |
23925.551 |
|
|
|
Purchase of Stock-in-trade |
5673.345 |
10150.984 |
18204.547 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
380.009 |
658.205 |
640.959 |
|
|
|
Employee Benefits Expenses |
1063.575 |
986.832 |
901.210 |
|
|
|
Other Expenses |
6568.417 |
7051.302 |
6531.409 |
|
|
|
CSR Expenses |
19.134 |
19.424 |
0.000 |
|
|
|
TOTAL (B) |
39956.564 |
41572.131 |
50203.676 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2335.042 |
1167.374 |
3268.048 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1598.811 |
2260.933 |
1690.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
736.231 |
(1093.559) |
1577.925 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
336.853 |
247.424 |
260.503 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
399.378 |
(1340.983) |
1317.422 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(33.940) |
(82.068) |
281.499 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
433.318 |
(1258.915) |
1035.923 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
75.30 |
(218.77) |
180.02 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
695.453 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
4491.974 |
10426.484 |
(13964.214) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
1.04 |
(2.98) |
1.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.61 |
2.76 |
6.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.28 |
(4.05) |
2.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
(0.13) |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.86 |
2.18 |
2.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.26 |
1.25 |
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 |
5754.500 |
5754.500 |
5754.500 |
|
Reserves & Surplus |
5663.006 |
4404.091 |
4837.409 |
|
Net
worth |
11417.506 |
10158.591 |
10591.909 |
|
|
|
|
|
|
long-term borrowings |
1087.786 |
3004.990 |
3984.087 |
|
Short term borrowings |
28845.763 |
19164.213 |
15020.206 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
695.453 |
|
Total
borrowings |
29933.549 |
22169.203 |
19699.746 |
|
Debt/Equity
ratio |
2.622 |
2.182 |
1.860 |
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 |
52726.094 |
42310.731 |
41587.529 |
|
|
|
(19.754) |
(1.709) |
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
|
52726.094 |
42310.731 |
41587.529 |
|
Profit |
1035.923 |
(1258.915) |
433.318 |
|
|
1.96% |
(2.98%) |
1.04% |
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 |
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 |
N |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
Short Term Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
254.647 |
|
|
|
|
|
Total |
0.000 |
254.647 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10606937 |
29/09/2015 |
33,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA |
C72712052 |
|
2 |
10571360 |
30/03/2015 |
2,500,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA |
C54625389 |
|
3 |
10518804 |
14/08/2014 |
1,250,000,000.00 |
SYNDICATE BANK |
VANIVIHAR
BRANCH, B-61, 1ST FLOOR, SAHEED NAGAR, |
C19758911 |
|
4 |
10537572 |
30/04/2014 |
680,000,000.00 |
PUNJAB NATIONAL BANK |
111A,
PNB HOUSE, STATION SQUARE, BHUBANESWAR, ORI |
C37485299 |
|
5 |
10452989 |
30/03/2015 * |
3,410,000,000.00 |
SYNDICATE BANK |
VANI
VIHAR BRANCH, B-61, SAHEED NAGAR, BHUBANESWA |
C51415644 |
|
6 |
10414615 |
12/03/2013 |
6,950,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, IDCO BHAWAN, UNIT - II, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA |
B71751630 |
|
7 |
10362915 |
27/06/2012 |
2,850,000,000.00 |
INTERNATIONAL FINANCE CORPORATION (IFC) |
3RD
& 4TH FLOOR, MARUTI SUZUKI BUILDING,, PLOT NO |
B42576900 |
|
8 |
10359557 |
28/11/2014 * |
23,700,000,000.00 |
SYNDICATE BANK |
VANI VIHAR BRANCH, B-61, SAHEED NAGAR, BHUBANESWAR, ORISSA - 751007, INDIA |
C35468388 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Buildings
·
Residential building
·
Office building
·
Factory building
·
Other building
·
Plant and equipment
·
Factory Equipments
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Other Equipments
·
Bridges roads ports
culverts
·
Railway sidings
·
Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
|
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
45 |
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.