MIRA
INFORM REPORT
|
Report No. : |
306649 |
|
Report Date : |
07.02.2015 |
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 |
|
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Registered
Office : |
BCC House, 8/5, Manoramaganj, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
28.08.1991 |
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Com. Reg. No.: |
10-006626 |
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Capital
Investment / Paid-up Capital : |
Rs. 417.680 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60200MP1991PLC006626 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLB02964D |
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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
: |
Trader and Importer of Coal and also engaged in providing logistic
services. |
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|
No. of Employees
: |
Information declined by the management. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based = D |
|
Rating Explanation |
Expected to be in default |
|
Date |
May. 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Rajesh Kulkarni |
|
Designation : |
Technical Manager |
|
Contact No.: |
91-44-45590050 |
|
Date : |
04.02.2014 |
LOCATIONS
|
Registered Office : |
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 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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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 |
|
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 |
|
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 |
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DIN No.: |
02823501 |
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|
|
|
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 |
KEY EXECUTIVES
|
Name : |
Raj Kumar Bhawsar |
|
Designation : |
Secretary |
|
Address : |
24A, Nagin Nagar Near, Kalani Nagar, Indore – 452002, Madhya Pradesh, India |
|
Date of Birth/Age : |
03.07.1976 |
|
Date of Appointment : |
15.02.2012 |
|
|
|
|
Name : |
Mr. Rajesh Kulkarni |
|
Designation : |
Technical Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gurvinder Singh Bhatia |
|
6374290 |
|
Ms. Veena Bhatia |
|
4331510 |
|
Mr. Survinder Singh Bhatia |
|
971754 |
|
Ms. Gurvinder Kaur Bhatia |
|
2000 |
|
S. S. Bhatia (HUF) |
|
1500 |
|
Amnadeep Singh Bhatia |
|
8182200 |
|
Ishipal Kaur Bhatia |
|
100 |
|
G.S. Bhatia |
|
500 |
|
Ms. Amitoj Kaur Bhatia |
|
100 |
|
Ms. Narinder Kaur Bhatia |
|
4500 |
|
Ishhar Oversease Limited |
|
750975 |
|
BCC Enterprises (India) Limited |
|
200 |
|
BCC Estates Private Limited |
|
200 |
|
BCC Cargo Limited |
|
121159 |
|
Reliance Services and Consultants Private Limited |
|
23491 |
|
Bhatia Industries and Infranstructure Limited |
|
4500 |
|
Asian Natural Resources (India) Limited |
|
62371 |
|
Bhatia Sons (India) Limited |
|
21991457 |
|
Ms. Indu Charturvedi W/o Samarth Charuvedi |
|
120 |
|
Mr. Girish Matlani S/o Shrikishan Matlani |
|
120 |
|
Mr. Samarth Chaturvedi S/o Sharad Chand Chaurvedi |
|
120 |
|
Ms. Chandani Devi Matlani W/o Girish Matlani |
|
120 |
|
|
|
|
|
Total |
|
42823287 |
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 : |
Trader and Importer of Coal and also engaged in providing logistic
services. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
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 : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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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 |
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PAN No.: |
AABFR4852J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Bhatia Sons (India) Limited CIN No.: U10100MP2009PLC022493 |
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Subsidiary Company : |
Bhatia International Pte Limited |
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Associates : |
·
Asian Natural Resources (India) Limited CIN No.: U23101MP1999PLC013713 ·
BCC Enterprises (India) Limited CIN No.: U10102MH1997PLC246824 |
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|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Bhatia Coal Washeries Limited CIN No.: U51102MP2008PLC020780 ·
Reliance Services and Consultants Private Limited CIN No.: U74140MP1974PTC015187 ·
Bhatia Industries and Infrastructure Limited CIN No.: L65922MP1993PLC007767 ·
Bhatia Coke and Energy Limited CIN No.: U40100MP2008PLC020787 ·
IOF Pte Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
Rs.10/- each |
Rs.420.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41858953 |
Equity Shares |
Rs.10/- each |
Rs.418.589 Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
Rs.10/- each |
Rs.420.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41768115 |
Equity Shares |
Rs.10/- each |
Rs.417.680 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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 |
|
|
|
|
|
|
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 (A) |
23639.800 |
25550.380 |
4249.386 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
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 |
(2535.580) |
|
|
|
Employee benefit expense |
114.650 |
97.470 |
23.303 |
|
|
|
Other expenses |
629.950 |
827.280 |
12.973 |
|
|
|
Exceptional items |
452.390 |
0.000 |
(0.374) |
|
|
|
Extraordinary items |
0.000 |
0.000 |
(580.599) |
|
|
|
TOTAL (B) |
23828.160 |
24914.600 |
3424.995 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(188.360) |
635.780 |
824.391 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
765.140 |
571.310 |
103.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(953.500) |
64.470 |
721.328 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.200 |
30.040 |
6.218 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(978.700) |
34.430 |
715.110 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.730) |
8.310 |
240.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(977.970) |
26.120 |
475.106 |
|
|
|
|
|
|
|
|
|
|
Profit Transfer as per
Business Transfer Agreement (2009-10) |
0.000 |
0.000 |
21.080 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
176.690 |
472.650 |
11.020 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
|
|
18.990 |
18.910 |
|
|
|
Dividend Distribution Tax |
|
3.080 |
3.140 |
|
|
|
Transferred to General Reserve |
|
300.000 |
12.500 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
176.690 |
472.650 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
78.970 |
9.490 |
NA |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
15406.040 |
15906.600 |
2645.280 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(25.53) |
0.69 |
21.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
(4.18)
|
0.10 |
10.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/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 Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
379.770 |
379.770 |
417.680 |
|
Reserves & Surplus |
2025.548 |
2057.430 |
1302.570 |
|
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 |
|
Total
borrowings |
5975.830 |
4678.790 |
4730.220 |
|
Debt/Equity
ratio |
2.484 |
1.920 |
2.750 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
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 Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4237.510 |
24700.260 |
23419.110 |
|
Profit |
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] |
Locality of
the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of
employees |
No |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
----------- |
|
14] |
Estimation
for coming financial year |
Yes |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
----------- |
|
22] |
Litigations
that the firm / promoter involved in |
----------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
----------- |
|
26] |
Buyer visit
details |
---------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
No |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency
Rating, if available |
Yes |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
Bills Discounted with Banks. |
1479.530 |
1343.960 |
|
Bank Guarantees issued in favor of Customers/ various Parties. |
161.400 |
157.530 |
|
Corporate Guarantee issued on behalf of Group Companies US $ 51.75 Millions (P.Y. Rs. 51.750 Millions) Corporate Guarantee issued on behalf of Group Companies. |
2810.540 |
822.580 |
|
a) Bhatia Coal Washeries Limited Rs. 1790.000 Millions (P.Y. Rs. 1790.000 Million ) b) Bhatia Coke and Energy Limited Rs. 2410.000 Millions (P.Y. Rs. 2200.000 Million) |
4200.000 |
3990.000 |
|
Letter of Credit Outstanding |
2065.340 |
Nil |
INDEX OF CHARGES
|
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, Plot No. 5, Opp. C-21 Mall, A. B. Road,, Indore, Madhya Pradesh - 452001, INDIA |
C41587379 |
|
2 |
10274694 |
19/03/2011 * |
12,990,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA,, MUMBAI, Maharashtra - 400005, INDIA |
B10209963 |
* Date of charge modification
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
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 |
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. 61.74 |
|
|
1 |
Rs. 94.65 |
|
Euro |
1 |
Rs. 70.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
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.