MIRA INFORM REPORT
|
Report No. : |
305854 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOPWORTH URJA
AND METALS LIMITED (w.e.f. 29.06.2010) |
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|
|
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Formerly Known
As : |
SHREE VIRANGANA STEELS LIMITED |
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Registered Office
: |
Raheja Centre, Office No.206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400 021, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.11.1993 |
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Com. Reg. No.: |
11-074950 |
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Capital
Investment / Paid-up Capital : |
Rs.431.567 millions |
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|
|
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CIN No.: [Company Identification
No.] |
U27109MH1993PLC074950 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS01005E |
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PAN No.: [Permanent Account No.] |
AACCS5396N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Sponge Iron, Steel, Power Billets and TMT. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 10329000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financials are not available from any source. As per available financial record of 2013, the rating reflects
company’s healthy risk profile marked by sound liquidity position and fair
profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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.
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities (BBB-) (Revised from BB) |
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Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
30th April, 2014 |
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Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities (A3) (Revised from A4) |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
30th April, 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.
LOCATIONS
|
Registered Office : |
Raheja Centre, Office No.206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400 021, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office 1 : |
308, Ceejay House, |
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Tel. No.: |
91-22-24812000 |
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Fax No.: |
91-22-24812122 |
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E-Mail : |
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Corporate Office 2 : |
Indiabulls Finance Centre, Tower 3, 1601, 16th
Floor, Senapati Bapat Marg, |
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Tel. No.: |
91-22-71500500 |
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Fax No.: |
91-22-71500520 |
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E-Mail : |
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Factory : |
Mouza Ukkerwadi, Village : Heti, |
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Tel. No.: |
91-7116-249071/73 |
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E-Mail : |
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Domestic Office 1: |
126-128, 1st Floor, Shriram Towers, Kingsway, Sadar, Near
NIT Office, Nagpur – 400 001, Maharashtra, India |
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Telefax No. : |
91-712-2527120/2527122 |
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E-Mail : |
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Domestic Office 2: |
Mouzaukkerwahi Village Heti, Umred Road, District Nagpur – 441 204, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Surendra Champalal Lodha |
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Designation : |
Whole-time director |
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Address : |
126-128, 1st Floor, Shriram Towers, Kingsway, Sadar, Nagpur
– 400 001, Maharashtra, India |
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Date of Birth/Age : |
05.05.1965 |
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Qualification : |
B.Com |
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Date of Appointment : |
28.02.2008 |
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DIN No.: |
00044782 |
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Other Directorship :
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Name : |
Mr. Shishir Shivaji Hiray |
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Designation : |
Director |
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Address : |
Opposite LIC Camp Road, Malegaon – 423 203, Maharashtra, India |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
02032125 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Crest Steel and Power Private Limited, |
4741684 |
|
Abhay Narendra Lodha |
1 |
|
Ashwin Lodha |
1 |
|
Sheela Lodha |
1 |
|
Mona Lodha |
1 |
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Surendra Lodha |
1 |
|
Rajesh Kumar Jain |
1 |
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Total
|
4741690 |
|
Names of Preference Shareholders |
No. of Shares |
|
Crest Steel and Power Private Limited, India |
916667 |
|
Total
|
916667 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge Iron, Steel, Power Billets and TMT. |
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Products : |
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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 : |
Not Available |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Sponge Iron |
MT |
NA |
60000 |
|
Steel Melting Shop |
MT |
NA |
72000 |
|
Power |
MW |
NA |
30 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jain and Chhoriya Chartered Accountants |
|
Address : |
59, |
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PAN
No. : |
AADFJ9495M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Crest Steel and Power Private Limited, India CIN No.:
U27109CT2004PTC016643 |
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Associates : |
Topworth Pipes and Tubes Private Limited, India CIN No.:
U29120MH2005PTC157395 Topworth Steels and Power Private Limited, India CIN No.: U51420MH2004PTC146381 Akshata Mercantile Private Limited, India CIN No.:
U51909MH2001PTC133035 Topworth Infra Private Limited CIN No.:
U45202MH2008PTC182415 |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4750000 |
Equity Shares |
Rs.100/- each |
Rs.475.000 millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
Total |
|
Rs.485.000
millions |
|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4741690 |
Equity Shares |
Rs.100/- each |
Rs.474.169 millions |
|
916667 |
Preference Shares |
Rs.10/- each |
Rs.9.167 millions |
|
|
Total |
|
Rs.483.336
millions |
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|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4750000 |
Equity Shares |
Rs.100/- each |
Rs.475.000 millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
Total |
|
Rs.485.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4224000 |
Equity Shares |
Rs.100/- each |
Rs.422.400 millions |
|
916667 |
Preference Shares |
Rs.10/- each |
Rs.9.167 millions |
|
|
Total |
|
Rs.431.567
millions |
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|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
431.567 |
326.434 |
175.099 |
|
(b) Reserves & Surplus |
3012.699 |
2220.590 |
821.212 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
170.892 |
155.000 |
939.300 |
|
Total
Shareholders’ Funds (1) + (2) |
3615.158 |
2702.024 |
1935.611 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3837.565 |
3933.693 |
2303.315 |
|
(b) Deferred tax liabilities
(Net) |
364.526 |
172.114 |
83.561 |
|
(c) Other long term
liabilities |
968.289 |
1194.365 |
671.625 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
5170.380 |
5300.172 |
3058.501 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
893.644 |
808.966 |
508.217 |
|
(b) Trade payables |
5832.693 |
4044.050 |
3914.023 |
|
(c) Other current liabilities |
31.635 |
23.619 |
40.406 |
|
(d) Short-term provisions |
171.417 |
59.148 |
26.718 |
|
Total
Current Liabilities (4) |
6929.389 |
4935.783 |
4489.364 |
|
|
|
|
|
|
TOTAL |
15714.927 |
12937.979 |
9483.476 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6019.092 |
2575.493 |
2637.232 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
507.321 |
3814.340 |
1455.860 |
|
(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 |
1.840 |
1.840 |
1.840 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
6528.253 |
6391.673 |
4094.932 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
588.647 |
450.628 |
220.123 |
|
(b) Inventories |
1295.914 |
1075.341 |
741.030 |
|
(c) Trade receivables |
5001.316 |
3565.581 |
2883.150 |
|
(d) Cash and cash equivalents |
6.727 |
6.646 |
26.871 |
|
(e) Short-term loans and
advances |
2294.070 |
1448.110 |
1517.370 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
9186.674 |
6546.306 |
5388.544 |
|
|
|
|
|
|
TOTAL |
15714.927 |
12937.979 |
9483.476 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
12193.446 |
10443.628 |
6038.386 |
|
|
Other Income |
42.806 |
36.906 |
29.898 |
|
|
TOTAL
|
12236.252 |
10480.534 |
6068.284 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
10738.304 |
9525.453 |
5650.303 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(240.448) |
(56.133) |
|
|
|
Employees benefits expense |
68.975 |
40.923 |
|
|
|
Other expenses |
293.492 |
170.545 |
|
|
|
TOTAL
|
10860.323 |
9680.788 |
5650.302 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1375.929 |
799.746 |
417.982 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
627.197 |
374.650 |
201.522 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
748.732 |
425.096 |
216.460 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/ AMORTISATION ( |
175.108 |
129.734 |
82.805 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
573.624 |
295.362 |
133.655 |
|
|
|
|
|
|
|
Less |
TAX |
307.181 |
147.653 |
78.211 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
266.443 |
147.709 |
55.444 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
384.788 |
237.079 |
181.635 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
651.231 |
384.788 |
237.079 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
NA |
131.897 |
|
|
Components and Spares Parts |
1.028 |
||
|
|
Capital Goods |
|
|
0.195 |
|
|
Trading activities |
|
|
194.643 |
|
|
TOTAL
IMPORTS |
NA |
NA |
327.763 |
|
|
|
|
|
|
|
|
Earnings/
(Loss) Per Share (Rs.) |
63.07 |
46.56 |
31.66 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.19 |
1.41 |
0.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.28 |
7.66 |
6.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.77 |
3.24 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.11 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.31 |
1.76 |
1.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.33 |
1.20 |
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 |
175.099 |
326.434 |
431.567 |
|
Reserves & Surplus |
821.212 |
2220.590 |
3012.699 |
|
Share Application money
pending allotment |
939.300 |
155.000 |
170.892 |
|
Net
worth |
1935.611 |
2702.024 |
3615.158 |
|
|
|
|
|
|
long-term borrowings |
2303.315 |
3933.693 |
3837.565 |
|
Short term borrowings |
508.217 |
808.966 |
893.644 |
|
Total
borrowings |
2811.532 |
4742.659 |
4731.209 |
|
Debt/Equity
ratio |
1.453 |
1.755 |
1.309 |
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 |
6038.386 |
10443.628 |
12193.446 |
|
|
|
72.954 |
16.755 |
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 |
6038.386 |
10443.628 |
12193.446 |
|
Profit |
55.444 |
147.709 |
266.443 |
|
|
0.92% |
1.41% |
2.19% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
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 |
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||||
|
Bench:- Bombay |
||||||
|
Presentation Date :- 13.03.2014 |
||||||
|
Lodging No:- |
CPL/165/2014 |
Failing Date:- |
13.03.2014 |
|
||
|
Petitioner:- |
MSTC LIMITED |
Respondent:- |
TOPWORTH URJA AND METALS LIMITED |
|||
|
Petn.Adv:- |
PDS AND ASSOCIATES (825) |
Resp.Adv.: |
CHANDAN SALGAOCAR(I1868) |
|||
|
District:- |
OUTSIDE MAHARASHTRA |
|||||
|
Bench:- |
SINGLE |
Category: |
COMPANY PETITION U/SEC 433, 434, 439 COMPANIES ACT |
|||
|
Status:- |
Pre-Admission |
Stage:- |
MATTERS AT 3.00
P.M. [ORIGINAL SIDE MATTERS] |
|||
|
Next Date:- |
20.03.2014 |
|||||
|
Last Coram:- |
REGISTRAR (OS) / PROTHONOTARY AND SR. MASTER |
|||||
|
Act:- |
Companies Act and Rules 1956 |
Under Section:- |
433, 434, 439 |
|||
REVIEW OF
OPERATIONS:
During the year, the
Company’s Net Income from operations stood at Rs.12193.446 millions as compared
to Rs.10443.627 millions in the previous year. Profit before finance cost and
taxation for the year stood at Rs.1375.929 millions against Rs.799.745 millions
in the previous year. Profit after Tax increased to Rs.266.443 millions from
Rs.147.709 millions in the previous year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from bank |
0.000 |
681.742 |
|
Deferred payment liabilities |
128.701 |
0.000 |
|
Other loans and advances |
0.000 |
127.224 |
|
Total |
128.701 |
808.966 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10468650 |
05/12/2013 |
550,000,000.00 |
CANARA BANK |
145 FARM LAND,
MAHARJBAGH ROAD, RAMDASPETH, NAGPUR, MAHARASHTRA - 440010, INDIA |
B92915180 |
|
2 |
10441281 |
26/07/2013 |
300,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, 37,MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
B81308629 |
|
3 |
10430874 |
11/06/2013 * |
1,403,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE
BRANCH, 37,MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B77619302 |
|
4 |
10431076 |
24/05/2013 |
100,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
OVERSEAS BRANCH,
DALAMAL TOWERS, 211, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B77081487 |
|
5 |
10390654 |
16/11/2012 |
150,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, 37,MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
B63602544 |
|
6 |
10381548 |
20/09/2012 |
500,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B60085792 |
|
7 |
10372563 |
21/08/2012 |
100,000,000.00 |
PUNJAB NATIONAL
BANK |
FORSHORE ROAD BRANCH,
RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B56388614 |
|
8 |
10362357 |
12/06/2012 |
450,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
COMMERCIAL
NETWORK BRANCH, 239, P. D 'MELLO ROAD, NEAR G.P.O, MUMBAI, MAHARASHTRA - 400001,
INDIA |
B42322958 |
|
9 |
10363588 |
11/05/2012 |
50,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
OVERSEAS BRANCH,
DALAMAL TOWERS, GR. FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B42853424 |
|
10 |
10353730 |
10/04/2012 * |
500,000,000.00 |
PUNJAB NATIONAL
BANK |
FORSHORE ROAD
BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B39042106 |
|
11 |
10338497 |
02/02/2012 |
50,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
PRABHADEVI BRANCH,
AMAN CHAMBERS,, VEER SAVARKAR |
B33399627 |
|
12 |
10334938 |
01/02/2012 |
1,850,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B31844145 |
|
13 |
10315279 |
04/02/2014 * |
4,000,000,000.00 |
PUNJAB NATIONAL
BANK |
FORSHORE ROAD
BRANCH, 102, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021,
INDIA |
B97569156 |
|
14 |
10303458 |
25/07/2011 |
6,898,700.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B19278464 |
|
15 |
10302085 |
28/08/2012 * |
2,721,300,000.00 |
STATE BANK OF
INDIA |
BACKBAY
RECLAMATION BRANCH, RAHEJA CHAMBERS,, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B56718448 |
|
16 |
10293088 |
04/02/2014 * |
4,000,000,000.00 |
PUNJAB NATIONAL
BANK |
FORSHORE ROAD
BRANCH, 102, RAHEJA CHAMBERS, NARIM |
B97568562 |
|
17 |
10277771 |
05/04/2011 |
500,000,000.00 |
STATE BANK OF
PATIALA |
ATLANTA, 1ST
FLOOR, JAMNALAL BAJAJ MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021,
INDIA |
B09764234 |
|
18 |
10273840 |
11/03/2011 |
14,338,101.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B08229072 |
|
19 |
10269072 |
22/02/2011 |
500,000,000.00 |
BANK OF BARODA |
FORT UNIVERSITY BRANCH,
MUMBAI, MAHARASHTRA - 4000 |
B06408298 |
|
20 |
10257995 |
16/02/2011 * |
1,000,000,000.00 |
STATE BANK OF
INDIA |
BACKBAY
RECLATMATION BRANCH, RAHEJA CHAMBARS, FREE PRESS JOURNAL ROAD, NARIMAN POINT,
MUMBAI, MAHARASHTRA - 400021, INDIA |
B10199677 |
|
21 |
10247397 |
09/09/2010 |
550,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, MUMBAI SAMACHAR MARG, MUMBA, MAHARASHTRA - 400023, INDIA |
A96754767 |
|
22 |
10246131 |
01/09/2010 |
550,000,000.00 |
BANK OF BARODA |
FORT UNIVERSITY,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A96694633 |
|
23 |
10211838 |
10/03/2010 |
653,000,000.00 |
ORIENTAL BANK OF
COMMERCE LIMITED |
PRABHADEVI
BRANCH, AMAN CHAMBERS, 1ST FLOOR, VEER, |
A82994799 |
|
24 |
10206990 |
25/02/2010 |
850,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A81184319 |
|
25 |
10188190 |
11/11/2009 |
653,000,000.00 |
ORIENTAL BANK OF
COMMERCE LIMITED |
PRABHADEVI
BRANCH, AMAN CHAMBERS, 1ST FLOOR, VEER, |
A74296492 |
|
26 |
10165868 |
28/08/2012 * |
1,750,000,000.00 |
STATE BANK OF
INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B56717747 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Plant and Equipment
·
Furniture and Fixtures
·
Factory Building
·
Vehicles
·
Office Building
·
Computer Equipments
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.61.68 |
|
|
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
YES |
|
--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 |
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.