MIRA INFORM REPORT
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Report No. : |
330512 |
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Report Date : |
03.07.2015 |
IDENTIFICATION
DETAILS
|
Name : |
RASHMI METALIKS LIMITED |
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Formerly Known
As : |
RASHMI METALIKS PRIVATE LIMITED |
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Registered
Office : |
Premlata Building, 39, Shakespeare Sarani, 6th Floor,
Kolkata – 700017, West Bengal |
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Tel No.: |
91-33-22894255/ 56 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.01.2004 |
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Com. Reg. No.: |
21-097737 |
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Capital
Investment / Paid-up Capital : |
Rs.502.570
Million |
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CIN No.: [Company Identification
No.] |
U27109WB2004PLC097737 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALR06417F |
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PAN No.: [Permanent Account No.] |
AACCR7183E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Pig Iron, Sinter, TMT,
Billets, Ductile Iron Pipe, Wire Rod, Sponge Iron and also engaged in Power
Generation. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is a part of “Rashmi Group”. It is established company having
a satisfactory track record. The rating reflects enhanced financial performance with strong
business risk profile supported by adequate liquidity position and well
integrated business operations. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered normal for business dealing 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
CRISIL |
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Rating |
Long Term Rating = BBB (Notice of Withdrawal) |
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Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
28.04.2015 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A3+ (Notice of Withdrawal) |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
28.04.2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Chandan |
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Designation : |
Accountant |
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Contact No.: |
91-33-22894255 |
|
Date : |
02.07.2015 |
LOCATIONS
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Registered Office/ Corporate Office : |
Premlata Building, 39, Shakespeare Sarani, 6th Floor,
Kolkata – 700017, West Bengal, India |
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Tel. No.: |
91-33-22894255/ 56 |
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Mobile No.: |
91-9836874499 (Mr. Anil Mehta) |
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Fax No.: |
91-33-22894254 |
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E-Mail : |
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Website : |
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Area: |
5000 Sq ft |
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Location: |
Rented |
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Factory 1 : |
Gokulpur, PO: Shyamraipur, District West Midanapore - 721304, West
Bengal, India |
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Area: |
50 Acers |
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Location: |
Owned |
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Factory 2 : |
Mathura Kismal, P. O. Shyam Raipur, District West Meidnapore, West Bengal, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Surendra Jha |
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Designation : |
Director |
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Address : |
Ward – 15, P.S., District – Midnapur, Jhargram – 721507, West Bengal,
India |
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Date of Birth/Age : |
05.07.1953 |
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Qualification : |
B.Com |
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Date of Appointment : |
02.01.2010 |
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PAN No.: |
AKNPJ8666N |
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DIN No.: |
02911139 |
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Other Directorship:
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Name : |
Mr. Salil Roy |
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Designation : |
Director |
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Address : |
Mauja – Bachhurdoba (Part) J.L. No. 394, 11 Part, Jhargram – 721507,
West Bengal, India |
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Date of Birth/Age : |
10.11.1964 |
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Date of Appointment : |
05.01.2012 |
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DIN No.: |
03302526 |
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Other Directorship:
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Name : |
Abhijit Chaudhuri |
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Designation : |
Director |
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Address : |
Mauja Doba Bachur (Part), J.L. No.-394, 8(131), Jhargram, Paschim Midnapur, 721507, West Bengal, India |
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Date of Appointment : |
20.08.2014 |
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DIN No.: |
01825214 |
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KEY EXECUTIVES
|
Name : |
Mr. Lal Babu Chourasia |
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Designation : |
Secretary |
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Date of Appointment : |
31.08.2013 |
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PAN NO.: |
AEOPC3358R |
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Name : |
Mr. Chandan |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2013
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 18.10.2014
|
Name of
Allottees |
|
No. of Shares |
|
Cimmco Vinimay Private Limited, India |
|
224000 |
|
Ultimo Commercial Private Limited, India |
|
577800 |
|
Regal Vincom Private Limited, India |
|
232000 |
|
Ashtvinayak Sales Private Limited, India |
|
116000 |
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Total |
|
1149800 |
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
99.97 |
|
Directors or relatives of Directors |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Pig Iron, Sinter, TMT, Billets,
Ductile Iron Pipe, Wire Rod, Sponge Iron and also engaged in Power
Generation. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
South African Countries |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash, L/C, Cheque and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler, Retailers and Manufacturer
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
J. Choudhary and Company Chartered Accountants |
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Address : |
19, Ganesh Chandra Avenue, "Premier House", 2nd Floor, Suite No. 7, Kolkata, West Bengal, India |
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PAN No.: |
ABWFS1414K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
CIN No. U14107WB1991PLC053043 |
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Enterprises over which Key Management Personnel
and / or their relatives have significant influence : |
CIN No. U51909WB1994PTC064187
CIN No. U65191WB1994PLC130344 |
CAPITAL STRUCTURE
After 31.03.2014
Authorised Capital : Rs.625.000 Million
Issued, Subscribed & Paid-up Capital : Rs.609.882
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62500000 |
Equity Shares |
Rs.10/- each |
Rs.625.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50256983 |
Equity Shares |
Rs.10/- each |
Rs.502.570
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
502.570 |
418.750 |
353.611 |
|
(b) Reserves & Surplus |
12647.781 |
10471.631 |
8796.661 |
|
(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) |
13150.351 |
10890.381 |
9150.272 |
|
|
|
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|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
807.771 |
1243.940 |
1597.554 |
|
(b) Deferred tax liabilities (Net) |
541.915 |
544.800 |
397.657 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
10.430 |
7.964 |
6.195 |
|
Total Non-current
Liabilities (3) |
1360.116 |
1796.704 |
2001.406 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1079.779 |
2225.843 |
1090.625 |
|
(b) Trade
payables |
789.670 |
751.811 |
1149.955 |
|
(c) Other
current liabilities |
689.942 |
490.944 |
833.432 |
|
(d) Short-term
provisions |
19.823 |
15.962 |
58.980 |
|
Total Current
Liabilities (4) |
2579.214 |
3484.560 |
3132.992 |
|
|
|
|
|
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TOTAL |
17089.681 |
16171.645 |
14284.670 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8753.742 |
8052.931 |
4698.510 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2374.763 |
1349.580 |
4029.306 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
25.536 |
25.536 |
25.536 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
359.373 |
374.717 |
419.919 |
|
(e) Other
Non-current assets |
176.119 |
63.942 |
63.942 |
|
Total Non-Current
Assets |
11689.533 |
9866.706 |
9237.213 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1897.945 |
2749.033 |
2051.086 |
|
(c) Trade
receivables |
1147.003 |
1784.167 |
1574.308 |
|
(d) Cash
and cash equivalents |
208.659 |
246.806 |
143.460 |
|
(e)
Short-term loans and advances |
2130.382 |
1506.816 |
1265.375 |
|
(f) Other
current assets |
16.159 |
18.117 |
13.228 |
|
Total
Current Assets |
5400.148 |
6304.939 |
5047.457 |
|
|
|
|
|
|
TOTAL |
17089.681 |
16171.645 |
14284.670 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
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SALES |
|
|
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||
|
|
|
Income |
11,329.342 |
11,050.248 |
9,997.322 |
|
|
|
|
Other Income |
52.256 |
23.438 |
80.872 |
|
|
|
|
TOTAL |
11,381.598 |
11,073.686 |
10,078.194 |
|
|
|
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|
|
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||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
7,470.546 |
6,315.870 |
6,452.044 |
|
|
|
|
Purchase of Stock-in-trade |
241.034 |
951.603 |
895.940 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(44.925) |
5.974 |
(1.720) |
|
|
|
|
Employee Benefits Expenses |
214.974 |
157.219 |
97.353 |
|
|
|
|
Other Expenses |
2,421.580 |
2,552.888 |
1,806.441 |
|
|
|
|
TOTAL |
10,303.209 |
9,983.554 |
9,250.058 |
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||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1,078.389 |
1,090.132 |
828.136 |
||
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||
|
Less |
FINANCIAL
EXPENSES |
334.082 |
365.238 |
257.092 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
744.307 |
724.894 |
571.044 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
537.205 |
400.126 |
280.358 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
207.102 |
324.768 |
290.686 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
42.622 |
213.144 |
205.857 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
164.480 |
111.624 |
84.829 |
||
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|
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|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
804.819 |
1351.449 |
3499.513 |
|
|
|
TOTAL EARNINGS |
804.819 |
1351.449 |
3499.513 |
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IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
1822.447 |
1123.950 |
99.596 |
|
|
|
|
Stores, Spares & Consumables |
86.488 |
64.452 |
24.073 |
|
|
|
|
Capital Goods |
697.761 |
34.611 |
479.336 |
|
|
|
TOTAL IMPORTS |
2606.696 |
1223.013 |
603.005 |
||
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|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.93 |
3.16 |
2.75 |
||
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
15000.000 |
The above information has been parted by Mr. Chandan (Accountant)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
184.181 |
9.354 |
32.351 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.45 |
1.01 |
0.85 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.52 |
9.87 |
8.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41 |
2.19 |
2.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.16 |
0.32 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09 |
1.81 |
1.61 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
353.611 |
418.750 |
502.570 |
|
Reserves & Surplus |
8796.661 |
10471.631 |
12647.781 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
9150.272 |
10890.381 |
13150.351 |
|
|
|
|
|
|
long-term borrowings |
1597.554 |
1243.940 |
807.771 |
|
Short term borrowings |
1090.625 |
2225.843 |
1079.779 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
32.351 |
9.354 |
184.181 |
|
Total borrowings |
2720.530 |
3479.137 |
2071.731 |
|
Debt/Equity ratio |
0.297 |
0.319 |
0.158 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
9,997.322 |
11,050.248 |
11,329.342 |
|
|
|
10.532 |
2.526 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
9,997.322 |
11,050.248 |
11,329.342 |
|
Profit |
84.829 |
111.624 |
164.480 |
|
|
0.85% |
1.01% |
1.45% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATIONS DETAILS
CALCUTTA HIGH COURT
CASE STATUS INFORMATION SYSTEM
|
CASE STATUS
: PENDING |
||
|
|
||
|
STATUS OF
CIVIL SUITS (CS)
311 OF
2014 UNION OF INDIA & ANR. |
||
|
|
||
|
VS.
M/S. RASHMI METALIKS LIMITED & ORS. |
||
|
|
||
|
PET'S ADV.
: SAPTARSHI ROY
|
||
|
|
||
|
RES'S
ADV. : |
||
|
|
||
NO
DATE MENTIONED |
||
|
|
||
|
CATEGORY :
MONEY CLAIMS/COMPENSATION/DAMAGES/MESNE PROFITS |
||
|
|
||
|
CASE UPDATED
ON: SATURDAY, AUGUST 16, 2014 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
0.000 |
307.169 |
|
Total |
0.000 |
307.169 |
BUSINESS PERFORMANCE
During the Year Company has reported a Turnover of Rs.12219.222 Million and Earnings before Interest, Tax and Depreciation stands on Rs.1026.133 Million. The Profit before Tax and after Tax remains Rs.207.102 Million and Rs.164.480 Million respectively. Index of Industrial Production (IIP) in the fiscal year 2013-14 has declined specially in the manufacturing sector due to high interest cost, uncertainty in the iron ore mining, depreciation in the domestic currency. India’s economy expanded at 4.7% in the entire F.Y. 2013-14, making a second straight year of below 5% growth. Despite these constraints and challenges the company has manage growth of 47% in PAT since last financial year. Whereas the company’s Revenue from operations has increased from Rs.11876.022 Million in 2012-13 to Rs.12219.222 Million in 2013-14, an increase of 3%.
FUTURE PLAN OF
ACTION
1. To reduce the auxiliary consumption of Power.
2. Additional investment in manpower, latest instrumentation to upgrade and strengthen R & D facilities.
3. To make capacity addition in power plant.
4. To improve the quality of Structured rolling mill products to increase the market share.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
CHARGE HOLDER |
ADDRESS |
Service Request Number (SRN) |
|
1 |
10450552 |
20/09/2013 |
970,000,000.00 |
STATE BANK OF INDIA (SECURITY TRUSTEE) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B85554590 |
|
2 |
10305756 |
19/07/2011 |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE
CORPORATE BRANCH, 44 PARK STREET, KOLKATA, |
B20303194 |
|
3 |
10294481 |
04/06/2011 |
550,000,000.00 |
BANK OF BARODA |
INDIA EXCAHNGE BRANCH, 4, INDIA ECHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA |
B15941255 |
|
4 |
10256594 |
24/03/2011 * |
200,000,000.00 |
YES BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B12482071 |
|
5 |
10231973 |
10/06/2010 |
300,000,000.00 |
CORPORATION BANK |
ARMENIAN STREET BRANCH, 17, BRABOURNE ROAD BRANCH, KOLKATA, WEST BENGAL - 700001, INDIA |
A90571910 |
|
6 |
10200394 |
30/12/2010 * |
4,098,200,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B03265709 |
|
7 |
10200393 |
19/01/2010 |
1,032,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A78739422 |
|
8 |
10134088 |
08/12/2008 |
390,000,000.00 |
PUNJAB NATIONAL BANK |
SHAKESPEARE SARANI BRANCH, 52A, SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700017, INDIA |
A53037453 |
|
9 |
10131532 |
05/11/2008 |
220,000,000.00 |
STATE BANK OF MYSORE |
180
RASH BEHARI AVENUE, KOLKATA, WEST BENGAL - 700 |
A51549046 |
|
10 |
10122678 |
12/07/2007 |
3,120,000.00 |
L & T FINANCE LIMITED |
L&T
HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA |
A21559620 |
|
11 |
10059551 |
20/01/2011 * |
5,130,200,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B04931507 |
|
12 |
10037310 |
18/07/2007 * |
150,000,000.00 |
STATE BANK OF MYSORE |
180
RASH BEHARI AVENUE, KOLKATA, WEST BENGAL - 700 |
A21268495 |
|
13 |
10034443 |
20/01/2011 * |
5,130,200,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B04933511 |
|
14 |
10031417 |
21/06/2010 * |
1,906,200,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A89522171 |
|
15 |
10040371 |
17/12/2006 |
6,380,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A09730516 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.39 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.