MIRA INFORM REPORT
|
Report No. : |
303869 |
|
Report Date : |
15.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE ODISHA MINING CORPORATION LIMITED (w.e.f. 25.01.2012) |
|
|
|
|
Formerly Known
As : |
THE ORISSA MINING CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
Post Box No.34, Bhubaneswar – 751001, Orissa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.05.1956 |
|
|
|
|
Com. Reg. No.: |
15-000313 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.314.548 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13100OR1956SGC000313 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN: |
AACC03324L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company has considered Iron, Chrome and Manganese Ore as primary segment |
|
|
|
|
No. of Employees
: |
3197 (Approximately) |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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 (91-674-2377401)
LOCATIONS
|
Registered Office/Head Office : |
Post Box No.-34, Bhubaneswar – 751001, Orissa, India |
|
Tel. No.: |
91-674-2377400/2377401/2393431 |
|
Fax No.: |
91-674-2396889/2391629/2396882/2392662/2390972/2390431 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 23.09.2013
|
Name : |
Mr. Rajesh Verma |
|
Designation : |
Director |
|
Address : |
RTRS No. Type – B- 3/6, Unit – 1 X(F), Bhub aneshwar, Khurda – 751022,
Orissa, India |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
25.09.2012 |
|
DIN No.: |
01725746 |
|
|
|
|
Name : |
Mr. Priyanath Dadhi |
|
Designation : |
Director |
|
Address : |
RTRS No. B-7, Nayapalli, Bhubaneshwar, Khurda – 751015, Orissa, India |
|
Date of Birth/Age : |
17.11.1953 |
|
Date of Appointment : |
08.08.2012 |
|
DIN No.: |
00637940 |
|
|
|
|
Name : |
Mr. Deepak Mohanty |
|
Designation : |
Director |
|
Address : |
RTRS No. -5 RF – 11 MG Marg, Unit – 111, Bhubanewshwar, Khurda –
751001, Orissa, India |
|
Date of Birth/Age : |
15.03.1958 |
|
Date of Appointment : |
08.08.2012 |
|
DIN No.: |
02900037 |
|
|
|
|
Name : |
Mr. Bijay Kumar Rathi |
|
Designation : |
Director |
|
Address : |
Plot Ni. C- 66, Shakti Nagar Link Road, Cuttak - 753012, Orissa, India |
|
Date of Birth/Age : |
30.03.1956 |
|
Date of Appointment : |
08.08.2012 |
|
PAN No.: |
03603714 |
|
|
|
|
Name : |
Mr. Chitaranjan Das |
|
Designation : |
Director |
|
Address : |
Plot No – C – 91 Pallaspalli, BDA Duplex House, Bhubaneshwar, Khurda –
751020, Orissa, India |
|
Date of Birth/Age : |
14.11.1938 |
|
Date of Appointment : |
19.03.2002 |
|
DIN No.: |
00498996 |
|
|
|
|
Name : |
Mr. Dhirendra Kumar Roy |
|
Designation : |
Director |
|
Address : |
Plot No –N – 2/63, IRC Nayapalli, Bhubaneshwar, Khurd – 751015,
Orissa, India |
|
Date of Birth/Age : |
15.03.1940 |
|
Date of Appointment : |
23.06.2004 |
|
DIN No.: |
00420243 |
|
|
|
|
Name : |
Mrs. Satyananda Acharya |
|
Designation : |
Director |
|
Address : |
Plot No. 155, VIP Colony, Nayapalli, Bhubaneshwar, Khurd – 751015,
Orissa, India |
|
Date of Birth/Age : |
09.10.1934 |
|
Date of Appointment : |
23.06.2004 |
|
DIN No.: |
00146386 |
|
|
|
|
Name : |
Mr. Surendra Nath Dadhi |
|
Designation : |
Director |
|
Address : |
Plot No. A-8, Pallaspalli, Bhubaneshwar, Khurd – 751020, Orissa, India |
|
Date of Birth/Age : |
03.07.1940 |
|
Date of Appointment : |
11.06.2002 |
|
DIN No.: |
00062248 |
|
|
|
|
Name : |
Mr. Ghana Shyam Khuntia |
|
Designation : |
Director |
|
Address : |
Plot No-21B, Jayadurga Nagar, Bhubaneshwar, Khurd – 751006, Orissa,
India |
|
Date of Birth/Age : |
02.07.1939 |
|
Date of Appointment : |
30.05.2008 |
|
DIN No.: |
02241132 |
KEY EXECUTIVES
|
Name : |
Mr. Mohapatra Ranjan Sudhansu |
|
Designation : |
Secretary |
|
Address : |
Chidananda Bhawan, Madhusudan Nagar Tulsipur, Cuttak – 753008, Orissa,
India |
|
Date of Birth/Age : |
26.01.1963 |
|
Date of Appointment : |
30.03.2013 |
|
PAN: |
AAYPM6223D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hon’ble Sovernor of Odisha |
|
3145390 |
|
Verma Rajesh |
|
15 |
|
Mohapatra Kishore Jugal |
|
15 |
|
Mishra Saswati |
|
30 |
|
Panda Kumar Pramod |
|
15 |
|
Sahod C K. |
|
15 |
|
|
|
|
|
Total |
|
3145480 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Government[central
and state] |
100.00 |
|
|
|
|
Total |
100.00 |
%2015-Jan-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
The company has considered Iron, Chrome and Manganese Ore
as primary segment |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
3197(Approximately) |
||||||||||||
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|
Bankers : |
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||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
SRB & Associates Chartered Accountant |
|
Address : |
5Th Floor, Idco Tower Janpath, Orissa, India |
|
PAN No.: |
AAXFS6281Q |
|
|
|
|
Cost Auditors |
|
|
Name: |
S. S. Sonthalia & Company |
|
|
|
|
Joint Venture
Company: |
|
|
|
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|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.100/- each |
Rs.1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
3,145,480 |
Equity Shares |
Rs.100/-
each |
Rs.314.548
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 |
314.548 |
314.548 |
314.548 |
|
(b) Reserves & Surplus |
58641.745 |
51498.214 |
51492.728 |
|
(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) |
58956.293 |
51812.762 |
51807.276 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
242.217 |
242.217 |
222.517 |
|
(d) long-term
provisions |
410.859 |
432.837 |
421.766 |
|
Total Non-current
Liabilities (3) |
653.076 |
675.054 |
644.283 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3705.647 |
3051.636 |
0.000 |
|
(b) Trade
payables |
2455.485 |
6909.456 |
5087.167 |
|
(c) Other
current liabilities |
3147.676 |
3287.840 |
418.464 |
|
(d) Short-term provisions |
65.529 |
91.744 |
31.462 |
|
Total Current
Liabilities (4) |
9374.337 |
13340.676 |
5537.093 |
|
|
|
|
|
|
TOTAL |
68983.706 |
65828.492 |
57988.652 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
703.089 |
715.557 |
736.126 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.004 |
|
(iii)
Capital work-in-progress |
365.960 |
302.941 |
216.234 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3743.589 |
1433.989 |
1403.990 |
|
(c) Deferred tax assets (net) |
36.294 |
55.708 |
49.695 |
|
(d) Long-term Loan and Advances |
4667.437 |
5118.917 |
89.602 |
|
(e) Other
Non-current assets |
1299.955 |
245.469 |
9.943 |
|
Total Non-Current
Assets |
10816.324 |
7872.581 |
2505.594 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2786.456 |
3331.626 |
3152.498 |
|
(c) Trade
receivables |
97.317 |
76.626 |
142.213 |
|
(d) Cash
and cash equivalents |
40927.412 |
41224.374 |
45302.508 |
|
(e)
Short-term loans and advances |
11592.741 |
10554.090 |
4332.853 |
|
(f) Other
current assets |
2763.456 |
2769.195 |
2552.986 |
|
Total
Current Assets |
58167.382 |
57955.911 |
55483.058 |
|
|
|
|
|
|
TOTAL |
68983.706 |
65828.492 |
57988.652 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
18538.817 |
16581.457 |
21418.141 |
|
|
|
Other Income |
5809.992 |
5406.105 |
4620.003 |
|
|
|
TOTAL (A) |
24348.809 |
21987.562 |
26038.144 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
147.178 |
62.572 |
59.001 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
561.250 |
(178.379) |
(182.162) |
|
|
|
Employees benefits expense |
1587.124 |
1455.466 |
1335.429 |
|
|
|
Other expenses |
7290.410 |
6559.790 |
5867.979 |
|
|
|
TOTAL
(B) |
9585.962 |
7899.449 |
7080.247 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14762.847 |
14088.113 |
18957.897 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
157.842 |
132.112 |
41.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14605.005 |
13956.001 |
18916.858 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
105.471 |
121.416 |
110.994 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
14499.534 |
13834.585 |
18805.864 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5821.381 |
4873.580 |
6112.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8678.153 |
8961.005 |
12693.853 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
32912.873 |
40596.472 |
34064.960 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1311.699 |
7688.301 |
2850.000 |
|
|
|
Dividend |
1311.699 |
7688.301 |
2850.000 |
|
|
|
Tax on Dividend |
222.923 |
1268.002 |
462.341 |
|
|
BALANCE CARRIED
TO THE B/S |
38744.705 |
32912.873 |
40596.472 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2759.31 |
2852.56 |
4035.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
46.81 |
54.04 |
59.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
79.63 |
84.96 |
88.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.36 |
21.60 |
33.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.27 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06 |
0.06 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.20 |
4.34 |
10.02 |
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 |
314.548 |
314.548 |
314.548 |
|
Reserves & Surplus |
51492.728 |
51498.214 |
58641.745 |
|
Net worth |
51807.276 |
51812.762 |
58956.293 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
3051.636 |
3705.647 |
|
Total borrowings |
0.000 |
3051.636 |
3705.647 |
|
Debt/Equity ratio |
0.000 |
0.059 |
0.063 |
%2015-Jan-2015_files/image015.gif)
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) |
|
Revenue from Operations |
21418.141 |
16581.457 |
18538.817 |
|
|
|
(22.582) |
11.805 |
%2015-Jan-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from Operations |
21418.141 |
16581.457 |
18538.817 |
|
Profit |
12693.853 |
8961.005 |
8678.153 |
|
|
59.27% |
54.04% |
46.81% |
%2015-Jan-2015_files/image019.gif)
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 |
(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) |
Litigation
Details:
HIGH
COURT OF ORISSA
CASE
STATUS INFORMATION SYSTEM
Case Status
: Pending
|
Status of Appeals
under Indian Arbitration Act.(ARBA) 8
of 2014
BANSIDHAR GIRI
Vs. UNION
OF INDIA & ORS Pet's Adv.
: M/S.AMIT PR.BOSE
Res's Adv.
: Last Listed On
: No Date Mentioned Category : ARBITRATION
MATTER |
Case
Status As On: Tuesday, April 15, 2014
PROFITABILITY AND
RESERVE & SURPLUS HIGHLIGHTS:
The Company earned Profit Before Tax (PBT) of Rs. 14499.534 Millions (previous year Rs.13834.585 Millions) which is more by 4.81% and Profit After Tax (PAT) of Rs. 8678.153 Millions (previous year Rs.8961.005 Millions) which is less by 3.16% compared to its previous financial years performance. The Carry Forward Profit stood at Rs.38744.705 Millions at the end of financial year 2013-14 as against Rs. 32912.873 Millions at the end of the previous financial year 2012-13. The Reserve & Surplus position of the Company as on 31.03.2014 was Rs.58641.745 Millions (previous year Rs.51498.214 Millions)
PRODUCTION
HIGHLIGHTS:
The quantity of production of Iron Ore was 2438504 MT in FY 2013-14 and 2469926 MT in FY 2012-13 was decreased by 1.27% over Previous Financial Year. The quantity of production of Chrome ore 637039 MT in FY 2013-14 & 680490 MT in FY 2012-13 was decreased by 6.397% over Previous Financial Year. The quantity of production of Iron ore & Chrome ore have decreased by 2.38% over previous financial year (production quantity of Ore in FY 2013-14 was 3075543 MT & in FY 2012-13 was 3150416 MT). The quantity of production of Manganese ore, Lime stone & Gem stone has been nil (previous financial year Nil) during the current period.
SALES HIGHLIGHTS:
There has been increase in sales during the financial year 2013-14 in terms of value over previous financial year by 11.80% ( in FY 2013-14 Rs.18538.817 Millions & in FY 2012-13 Rs.16581.457 Millions) . The sale turnover of Chrome ore (in FY 2013-14 Rs.8464.544 Millions & in FY 2012-13 Rs.5460.478 Millions) has increased by 55.01% over comparing to previous financial year. Whereas the Sales turnover of Iron ore (in FY 2013-14 Rs.10074.273 Millions & in FY 2012-13 Rs.11120.979 Millions) has decreased by 9.41% over previous financial year. The quantity of sale of Chrome ore (in FY 2013-14 was 709261 MT & in FY 2012-13 was 476414 MT) increased by 48.87% over Previous Financial Year. The quantity of sale of Iron Ore (in FY 2013-14 was 3191483 MT & in FY 2012-13 was 2710304 MT) increased by 17.75% overPrevious financial Year. The quantity of sale of Iron ore & Chrome ore together have increased by 22.41% over previous financial year (Sales quantity of Ore in FY 2013-14 was 3900744 MT & in FY 2012-13 was 3186718 MT). The quantity of sale of Manganese ore lime stone & Gem stone has been nil (previous financial year Nil) during the current period.
OTHER INCOME
HIGHLIGHTS
Other Income of Rs.5809.991 Million (previous year Rs.5406.105 Millions) mainly consists of the following:
- Interest on fixed deposit of Rs. 4063.672 Millions (previous year of Rs. 4814.852 Millions).
- Interest Received from Income Tax Rs.120.072 Million (previous year Rs.242.841 Millions).
- Interest received from GRIDCO Rs.495.444 Million (previous year Rs.161.336 Millions).
- Write back of excess liability Rs.911.016 Million (previous year nil).
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90081396 |
22/03/2002 * |
136,836,601.00 |
Andhra Bank |
Bhobaneswar, Bhobaneswar, Orissa, India |
- |
|
2 |
90081974 |
19/07/2002 |
70,000,000.00 |
Union Bank of India |
Chandrasekharur, Bhobaneswar, Orissa, India |
- |
|
3 |
90081073 |
05/05/2001 |
136,836,601.00 |
Andhra Bank Limited |
Bhubaneswar, Bhubaneswar, Orissa, India |
- |
|
4 |
90080589 |
04/08/1969 |
6,000,000.00 |
Andhra Bank Limited |
Cuttack, Cuttack, Orissa, India |
- |
|
5 |
90080588 |
21/06/1969 |
1,000,000.00 |
Andhra Bank Limited |
Chowdhury Bazar, Cuttack, Orissa, India |
- |
|
6 |
90080587 |
03/06/1969 |
1,000,000.00 |
Andhra Bank Limited |
Cuttack, Cuttack, Orissa, India |
- |
|
7 |
90080586 |
18/04/1969 |
2,000,000.00 |
Andhra Bank Limited |
Cuttack, Cuttack, Orissa, India |
- |
|
8 |
90080584 |
14/02/1969 |
1,350,000.00 |
Andhra Bank Limited |
Cuttack, Cuttack, Orissa, India |
- |
|
9 |
90081503 |
04/02/1969 |
500,000.00 |
Andhra Bank Limited |
Cuttack, Cuttack, Orissa, India |
- |
|
10 |
90080583 |
17/01/1969 |
1,000,000.00 |
Andhra Bank Limited |
Cuttack, Cuttack, Orissa, India |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
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.62.15 |
|
|
1 |
Rs.94.24 |
|
Euro |
1 |
Rs.73.30 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
SMN |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.