MIRA INFORM REPORT
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Report No. : |
302334 |
|
Report Date : |
09.01.2015 |
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 – 400021, 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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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 and Supplier of Sponge Iron, Ms Billets and Power. |
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No. of Employees
: |
Information denied 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 |
|
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. 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. 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 conditions. Note: 23 AC documents for the year 2014 could not be made available
from any sources. |
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 bank facilities (BBB-) (Revised from BB) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
30th April, 2014 |
|
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.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE CONTACT NO.: 91-22-71500500
LOCATIONS
|
Registered Office : |
Raheja Centre, Office No. - 206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
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.: |
91-22-248120000 |
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Fax No.: |
91-22-24812122 |
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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 – 400001, 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 – 441204, Maharashtra, India |
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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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Corporate Office 2 : |
Indiabulls Finance Centre, Tower 3, 1601, 16th Floor,
Senapati Bapat Marg, |
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Tel. No.: |
91-22-71500500 |
|
Fax No.: |
91-22-71500520 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Surendra Champalal Lodha |
|
Designation : |
Whole-time director |
|
Address : |
126 -128, 1st Floor, Shriram Towers, Kingsway, Sadar, Nagpur – 400001,
Maharashtra, India |
|
Date of Birth/Age : |
05.05.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
14.03.2006 |
|
DIN No.: |
00044782 |
|
|
|
|
Name : |
Mr. Abhay Narendra Lodha |
|
Designation : |
Director |
|
Address : |
Vaitarna Building, Flat No. 502, Sir Pochkhanwala Road, Worli Seaface,
Worli, Mumbai-400030, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1971 |
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Qualification : |
B.Com |
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Date of Appointment : |
26.04.2008 |
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DIN No.: |
00052194 |
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|
|
|
Name : |
Mr. Ashwin Narendra Lodha |
|
Designation : |
Director |
|
Address : |
502, Vaitarna Worli Sagar CHS Limited, Sir Pochkhanwala Road, Worli Seaface,
Worli, Mumbai-400030, Maharashtra, India |
|
Date of Appointment : |
07.06.2012 |
|
DIN No.: |
00066948 |
|
|
|
|
Name : |
Mr. Shishir Shivaji Hiray |
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Designation : |
Additional director |
|
Address : |
Opposite LIC Camp Road, Malegaon - 423203, Maharashtra, India |
|
Date of Appointment : |
19.03.2013 |
|
DIN No.: |
02032125 |
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 |
|
Surendra Lodha |
1 |
|
Rajesh Kumar Jain |
1 |
|
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 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Sponge Iron, Ms Billets and Power. |
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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 : |
Not Divulged |
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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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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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|
|
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Crest Steel and Power Private Limited, India CIN No.:
U27109CT2004PTC016643 |
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|
|
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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 |
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 |
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 |
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
(A) |
12236.252 |
10480.534 |
6068.284 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
10738.304 |
9525.453 |
0.000 |
|
|
Purchase of stock in trade |
0.000 |
0.000 |
5674.573 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(240.448) |
(56.133) |
(149.481) |
|
|
Employees benefits expense |
68.975 |
40.923 |
25.293 |
|
|
Other expenses |
293.492 |
170.545 |
99.804 |
|
|
Exceptional Items |
0.000 |
0.000 |
0.113 |
|
|
TOTAL
(B) |
10860.323 |
9680.788 |
5650.302 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1375.929 |
799.746 |
417.982 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
627.197 |
374.650 |
201.522 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
748.732 |
425.096 |
216.460 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
175.108 |
129.734 |
82.805 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
573.624 |
295.362 |
133.655 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
307.181 |
147.653 |
78.211 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
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
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
968.289 |
1194.365 |
671.625
|
|
|
|
|
|
|
Total |
968.289 |
1194.365 |
671.625
|
|
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.62.97 |
|
|
1 |
Rs.94.97 |
|
Euro |
1 |
Rs.74.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
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.