MIRA INFORM REPORT
|
Report No. : |
309706 |
|
Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CEMENT COMPANY PRIVATE LIMITED (w.e.f. 08.08.2011) |
|
|
|
|
Formerly Known
As : |
RELIANCE CEMENTATION PRIVATE LIMITED |
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Registered
Office : |
H Block, 1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.683.230
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26940MH2007PTC173458 |
|
|
|
|
TIN No.: |
Not Available |
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|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR23337G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR6967R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturers of all types and kinds of cements ordinary,
white, colored, Portland, Pozzolana Aluminum, Blast furnace, Silica, and all
other varieties of cements, lime and limestone, clinkers and/or by-products. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a wholly owned subsidiary of “Reliance Infrastructure
Limited.” It is a company with limited operational history having
satisfactory track. The company possesses an acceptable financial profile marked by
sufficient net worth base further tempering its position due to huge debt
funded capital expenditure as a result of foraying into various regions by
developing and implementing various large size infrastructure projects
thereby mitigating geographical concentration risk. Moreover in line with the company expansion plans the management has
applied for various mining lease and prospective licenses among which has recently
won its first coal block at Madhya Pradesh from the recent government
e-auction process which justified the proximity of raw material for its
plants supporting its operations. Management has witnessed a minimal revenue base, whereas reported a
loss from its operations during FY 2014 from its partial commercial
operations. The rating also take into consideration, the high cyclicality
associated with cement industry as a result of prevailing slowdown in the
construction sector along with the high intensity of competition present in
the sector. However, trade relations seems to be fair. Business is active. Payment
terms are reported as usually correct backed by guarantees from its reputed
parent. In view of strong parentage and experienced senior management team, the company can be considered for business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
14.10.2014 |
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
Management Non Co-Operative (Tel No.: 91-22-30373333)
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai
– 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30373333 / 30386290 / 30098181 |
|
Fax No.: |
91-22-30376622 / 30386178 / 30098128 |
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E-Mail : |
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|
Website : |
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|
|
Corporate Office : |
E-Block, 3W 44, First Floor, Dhirubhai Ambani Knowledge City,
Koparkhairane, Thane Belapur Road, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30383333 |
|
|
|
|
Factory : |
Located At:
|
DIRECTORS
As on 11.09.2014
|
Name : |
Mr. Atul Rasiklal Desai |
|
Designation : |
Whole Time Director |
|
Address : |
C-1, Manan Flat, Bank of Baroda, Navrangpura, Ahmedabad - 380009,
Gujarat, India |
|
Date of Birth/Age : |
28.09.1961 |
|
Date of Appointment : |
11.03.2014 |
|
DIN No.: |
01918187 |
|
|
|
|
Name : |
Mr. Darshan Lal |
|
Designation : |
Whole Time Director |
|
Address : |
Building Casa Blanca, F No. 1301/1302, G.B. Road, Thane - 400607,
Maharashtra, India |
|
Date of Birth/Age : |
1.01.1959 |
|
Date of Appointment : |
11.03.2014 |
|
DIN No.: |
06811040 |
KEY EXECUTIVES
|
Name : |
Ganesan T V |
|
Designation : |
Secretary |
|
Address : |
Flat No. 203, Mohnesh - 2, Plot No. 270.271, Sector 21, Nerul, Navi
Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
28.07.2014 |
|
Date of Appointment : |
27.09.2013 |
|
PAN No.: |
AABPT6312P |
MAJOR SHAREHOLDERS
As on 11.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Infrastructure Limited, |
|
120996076 |
|
Prachi Potnis jointly with Reliance Infrastructure Limited, India |
|
100 |
|
Total |
|
120996176 |
Equity Share Break up (Percentage of Total Equity)
As on 11.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of all types and kinds of cements ordinary,
white, colored, Portland, Pozzolana Aluminum, Blast furnace, Silica, and all
other varieties of cements, lime and limestone, clinkers and/or by-products. |
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|
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|
Products : |
|
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
Terms : |
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|
Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
Not Divulged |
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Facilities : |
|
|
|
|
|
Financial Institution : |
IDBI Trusteeship
Services Limited, |
|
|
|
|
Auditors : |
|
|
Name : |
Bhandari Dastur Gupta and Associates Chartered Accountants |
|
Address : |
210, 2nd
Floor Ashoka Shopping Centre, G.T. Hospital Complex, L.T. Road, Mumbai,
Maharashtra, India |
|
PAN No.: |
AADFB3359C |
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|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
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|
Holding Company : |
CIN No.: L99999MH1929PLC001530 |
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|
|
|
Subsidiaries
Companies: |
CIN No.: U26940MH2008PTC217838
CIN No.: U26943MH2008PTC217839
CIN No.: U26940MH2011PTC214982 |
|
|
|
|
Enterprise over
which person has significant influence : |
CIN No.: U66603MH2000PLC128300 |
CAPITAL STRUCTURE
As on 11.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120996076 |
Equity Shares |
Rs.10/- each |
Rs.1209.961 Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68323000 |
Equity Shares |
Rs.10/- each |
Rs.683.230
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
683.230 |
683.230 |
683.230 |
|
(b) Reserves & Surplus |
4,060.005 |
4,158.517 |
4,159.126 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
3,738.500 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8,481.735 |
4,841.747 |
4,842.356 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18,844.305 |
13,829.936 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
71.096 |
|
(d) long-term
provisions |
29.657 |
19.679 |
4.115 |
|
Total Non-current
Liabilities (3) |
18,873.962 |
13,849.615 |
75.211 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2,433.961 |
1,700.507 |
0.000 |
|
(b) Trade
payables |
106.431 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
1,599.075 |
703.512 |
276.485 |
|
(d) Short-term
provisions |
3.162 |
5.945 |
13.385 |
|
Total Current
Liabilities (4) |
4,142.629 |
2,409.964 |
289.870 |
|
|
|
|
|
|
TOTAL |
31,498.326 |
21,101.326 |
5,207.437 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3,681.360 |
2,131.497 |
1,511.157 |
|
(ii)
Intangible Assets |
10.447 |
8.456 |
2.581 |
|
(iii)
Capital work-in-progress |
25,855.900 |
17,177.645 |
2,142.117 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
1.100 |
1.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
97.949 |
178.384 |
1,438.160 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
29,645.756 |
19,497.082 |
5,095.315 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
934.267 |
0.000 |
|
(b)
Inventories |
496.888 |
66.813 |
0.000 |
|
(c) Trade
receivables |
30.991 |
5.920 |
0.000 |
|
(d) Cash
and cash equivalents |
344.141 |
47.537 |
108.160 |
|
(e)
Short-term loans and advances |
972.421 |
538.144 |
3.962 |
|
(f) Other
current assets |
8.129 |
11.563 |
0.000 |
|
Total
Current Assets |
1,852.570 |
1,604.244 |
112.122 |
|
|
|
|
|
|
TOTAL |
31,498.326 |
21,101.326 |
5,207.437 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
718.317 |
15.762 |
0.000 |
|
|
|
|
|
|
|
|
|
EXPENSES |
(747.524) |
(16.370) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX |
(98.513) |
(0.608) |
0.000 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(98.513) |
(0.608) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.652) |
(0.044) |
(0.044) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(99.165) |
(0.652) |
(0.044) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.44) |
(0.01) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.75) |
(0.02) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.51 |
3.21 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.45 |
0.67 |
0.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
683.230 |
683.230 |
683.230 |
|
Reserves & Surplus |
4159.126 |
4158.517 |
4060.005 |
|
Share Application money pending allotment |
0.000 |
0.000 |
3738.500 |
|
Net
worth |
4842.356 |
4841.747 |
8481.735 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
13829.936 |
18844.305 |
|
Short Term borrowings |
0.000 |
1700.507 |
2433.961 |
|
Total
borrowings |
0.000 |
15530.443 |
21278.266 |
|
Debt/Equity
ratio |
0.000 |
3.208 |
2.509 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
0.000 |
15.762 |
718.317 |
|
|
|
|
4,457.271 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
0.000 |
15.762 |
718.317 |
|
Profit |
0.000 |
(0.608) |
(98.513) |
|
|
#DIV/0! |
(3.86%) |
(13.71%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
196.774 |
0.000 |
0.000 |
|
Total |
196.774 |
0.000 |
0.000 |
|
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 |
---------- |
|
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 |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Term loans from others |
1609.200 |
1352.634 |
|
Other loans and advances |
820.000 |
620.000 |
|
Total |
2429.200 |
1972.634 |
BACKGROUND OF
THE COMPANY
The company is a private limited Company incorporated on the August 24, 2007 under the Companies Act 1956 with the object of carrying on business of manufacturers of all types and kinds of cements ordinary, white, colored, Portland, Pozzolana Aluminum, Blast furnace, Silica, and all other varieties of cements, lime and limestone, clinkers and/or by-products thereof. The Company is a subsidiary of Reliance Infrastructure Limited, a Company incorporated in India. To achieve this objective Company is setting up Integrated Cement unit at Maihar in Madhya Pradesh, Mukutban in Maharashtra, and Grinding Unit at Butibori in Maharashtra, Kundangunj in Uttar Pradesh and Blending unit at Gondavali in Madhya Pradesh.
During the year Company has started Commercial operations of grinding unit at Butibori and trial run production is started at Kundanganj Grinding Unit and trial run production of clinker at Maihar.
BUSINESS OPERATIONS
During the year, Maihar Project and Kundangani plant started production and marketing of the Company was launched in Uttar Pradesh, Bihar, Jharkhand, West Bengal and Madhya Pradesh. The Company recorded mineral concessions in 6 states i.e. in Madhya Pradesh, Rajasthan, Maharashtra, Karnataka, Andhra Pradesh and Himachal Pradesh, with a total reserve of 1,085 million tonnes which would be sufficient for 44 MTPA capacity of plant. The Company also established a healthy pipeline of 159 applied PL/ML across 15 States and it also has market presence in 7 states which account for 43% of total Indias cement demand.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10485395 |
05/11/2014 * |
1,301,870,400.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
C42825372 |
|
2 |
10485396 |
05/11/2014 * |
1,750,000,000.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
C42823708 |
|
3 |
10485397 |
05/11/2014 * |
929,629,600.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
C42826461 |
|
4 |
10475010 |
09/12/2014 * |
3,000,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C36713204 |
|
5 |
10363024 |
26/09/2014 * |
16,118,500,000.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
C44023794 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
RELIANCE CEMENT, GMR WIN ON FIRST DAY OF COAL AUCTIONS
NEW DELHI, FEB
14:
Anil Ambani Group's Reliance Cement and GMR Group won the two blocks on offer on the first day of coal auctions.
Reliance Cement won the first coal block after it emerged as the highest bidder for the Sial Ghoghri mine in Madhya Pradesh which has 5.61 million tonne of reserves.
GMR's subsidiary GMR Chhatisgarh Energy won the Talabira I block. The blocks reserved for the power sector where the lowest bidder is the winner and GMR's bid of Rs 478 per tonne was the winning bid.
“Bidding for Sial Ghogri has just finished and the winning bid is for Rs 1,402 per tonne. The winning bidder will have to pay that amount for extracting each tonne of coal to the Madhya Pradesh State Government,” Power, Coal and New and Renewable Energy Minister, Piyush Goyal said on Saturday.
It has an annual peak rated capacity of 0.3 million tonne per annum. The premium paid over the floor price was Rs.375.600 Millions .56 crore per annum. Over the entire mine life, the Madhya Pradesh State Government will get Rs.7977.400 Millions of revenue which is a premium of Rs.7123.900 Millions over the floor price of the block. The prior allottee was also a cement maker called Prism Cement.
Auctioning of coal blocks began on Saturday with two mines -- Sial Ghoghri in Madhya Pradesh and Talabira I in Odisha.
Talabira-I, reserved for the power sector has 33.84 million tonne of mineable reserves and the qualified bidders were the likes of Adani Power, Essar Power, GMR Chhattisgarh Energy, OPG Power Generation and Sesa Sterlite.
Sial Ghoghri is for the non-regulated sector and the bidders who participated in the auction are Hindustan Zinc, OCL Iron and Steel and Anil Ambani Group's Reliance Cement. The block has 5.61 million tonne of reserves.
After the technical stage, 134 bidders were eligible to participate in the financial rounds. Saturday is the first day of the financial bid rounds.
MEDIA RELEASE
RELIANCE CEMENT LAUNCHED IN BIHAR
CREATES STRONG CHANNEL NETWORK FOR DEEPER
REACH
COMPANY TO INTRODUCE ON-SITE EXPERT SERVICE
TO SUPPORT CONSUMERS IN BUILDING HOUSES
RELIANCE CEMENT’S 5 MILLION TONNE PLANT IN
MADHYA PRADESH COMMISSIONED
5 MILLION TONNE PLANT IN MAHARASHTRA UNDER
CONSTRUCTION
Mumbai/Patna, September 08, 2014: Reliance Cement Company Private Limited (RCC), a subsidiary of Reliance Infrastructure Limited, today launched its cement in Bihar, which is one of the most promising cement markets in India.
The cement market in Bihar is expected to grow at the rate of 9% over the next few years. The increasing industrial activity due to real-estate boom and other infrastructure developments will drive this growth. Reliance Cement is well positioned to serve the potential cement market in Bihar.
Commenting on the development, Atul Desai, CMO, Reliance Cement, said, “Bihar is among the largest cement consuming states in India with total consumption of around 14 million tonne per annum.”
Emphasising on the unique features of Reliance Cement, he further added, “Reliance Cement is the first player in the Indian Cement industry to have unique QR Code printed on its cement bags. The customer, using smart phone, can scan this QR code for more information on the product features, and more importantly will get the Quality Assurance by the Company. This would help customers to identify and procure unadulterated cement from the market”.
Reliance Cement has already built its strong brand image at key Indian cities within two years of its launch. It currently sells cement in the key cities of Maharashtra, Uttar Pradesh, Madhya Pradesh, West Bengal and Jharkhand, where it has established itself as one of the most preferred brands. It has also started exporting clinkers to neighbouring country, Nepal.
Reliance Cement delivers NEXTGEN experience to its customers. The company will soon be launching its innovative customer initiative “On-site Expert Service” in Bihar. The initiative will provide an array of services, ranging from expert engineer’s advice to on-site concrete testing services, to assist people in building their perfect house with help of “Perfect Cement”. The company will also supply different types of cement - OPC, PPC and PSC - in Bihar as per the local demand.
The state-of-the-art packaging of Reliance Cement ensures zero loss to end consumers. The product is also recommended as an alternative to Ordinary Portland Cement (OPC) 43 and (OPC) 53 grades.
Some of the unique features of Reliance Cement are:
(a) UPSD TECHNOLOGY: STRONGER BUILDINGS: Reliance Cement introduces Uniform Particle Size Distribution (UPSD) technology that produces cement with a high fineness and rapid setting property.
(b) FASTER CONSTRUCTION: BUILDS HOMES FASTER: Reliance Cement sets faster than other cements and gives more strength at the same time.
(c) ROBOTIC QUALITY CONTROL: Reliance Cement is manufactured with state of the art plants equipped with robotic quality control labs, which ensure consistent quality of Cement across bags.
(d) PERFECT PACKAGING: Factory sealed laminated poly propylene bags (LPP) assures:
1. Tamper proof - assured 50 Kg quantity without any possibility of adulteration
2. Weather & moisture resistant - more shelf life and fresh Cement
3. Dust free and clean environment - clean storage and less dusting from bags
4. Empty used bags may be re-used as curing sheets
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
44 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.