MIRA INFORM REPORT

 

 

Report No. :

332350

Report Date :

16.07.2015

 

IDENTIFICATION DETAILS

 

Name :

SHYAM METALICS AND ENERGY LIMITED (w.e.f. 05.01.2010)

 

 

Formerly Known As :

SHYAM D R I POWER LIMITED

 

 

Registered Office :

"Trinity Tower", 83 Topsia Road, 7th Floor, Kolkata – 700046, West Bengal

Tel. No.:

91-33-40164001

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.12.2002

 

 

Com. Reg. No.:

21-095491

 

 

Capital Investment / Paid-up Capital :

Rs.384.668 Million

 

 

CIN No.:

[Company Identification No.]

U40101WB2002PLC095491

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALS18182D

 

 

PAN No.:

[Permanent Account No.]

AAHCS5841D

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Steel and Stainless Steel, TMT Bars, Ferro Alloys, Power and MS Billets and Blooms. 

 

 

No. of Employees :

2000 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (52)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is part of Shyam Group.

 

It is an established company having a fine track.

 

Financial position of the company seems to be decent.

 

The rating takes into consideration the Shyam Group’s integrated operations, strong operating efficiencies and above average financial risk profile marked by healthy networth and capital structure.

 

Trade relations are fair. Business is active. Payment terms are regular and as per commitments.

 

The company can be considered normal 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.

 

 

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long term rating=A-

Rating Explanation

Have adequate degree of safety and low credit risk.

Date

26.12.2014

 

 

Rating Agency Name

CRISIL

Rating

Short term rating=A2+

Rating Explanation

Have strong degree of safety and carry low credit risk.

Date

26.12.2014

 

 

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 31-03-2013.

 

INFORMATION PARTED BY

 

Name :

Mr. Vikas Jain

Designation :

Finance Head

Contact No.:

91-9007813851

 

 

LOCATIONS

 

Registered Office:

"Trinity Tower", 83 Topsia Road, 7th Floor, Kolkata – 700046, West Bengal, India

Tel. No.:

91-33-40164001

Mob. No.

91-9007813851 (Mr. Vikas Jain)

Fax No.:

91-33-40164025

E-Mail :

cs@shyamgroup.com

seltmt@shyamgroup.com

sel.tmt@shyamngroup.com

shyam_sel@rediffmail.com

info@shyamgroup.com

 

 

Corporate Office:

“Viswakarma”, 86 C, Topsia Road, 1st Floor, Kolkata – 700046, West Bengal, India

Tel. No.:

91-33-40113000

Fax No.:

91-33-22852212

 

 

Factory :

Villa Pandler, P.O. Lapanga, District Sambalpur – 768212, Orissa, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Brij Bhushan Agrawal

Designation :

Managing director

Address :

3-B, Ashoka Road, 2nd Floor, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

13.09.1972

Date of Appointment :

11.12.2002

PAN No.:

ACGPA0365A

DIN No.:

01125056

 

 

Name :

Mr. Bajrang Lal Agarwal

Designation :

Director

Address :

CA – 54, Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

20.01.1951

Date of Appointment :

14.08.2010

PAN No.:

ACWP3142K

DIN No.:

00235978

 

 

Name :

Mr. Sanjay Agarwal

Designation :

Director

Address :

CA – 54, Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

27.03.1976

Date of Appointment :

11.12.2002

PAN No.:

AJHPA0837H

DIN No.:

00232938

 

 

Name :

Mr. Deepak Kumar Agarwal

Designation :

Whole-time Director

Address :

33A, Chandra Nath Chatterjee Street,, Flat-1a, North Block, Kolkata – 700025, West Bengal, India

Date of Birth/Age :

06.01.1974

Date of Appointment :

14.07.2014

PAN No.:

ADBPA4042Q

DIN No.:

00560010

 

 

Name :

Mr. Bhagwan Shaw

Designation :

Director

Address :

Tapoban, Block – H, 31, L B L Township, Kolkata – 700081, West Bengal, India

Date of Birth/Age :

20.01.1973

Date of Appointment :

07.03.2013

PAN No.:

ASIPS4461P

DIN No.:

03419298

 

 

Name :

Mr. Kiran Vimal Agarwal

Designation :

Director

Address :

Vimal Sadan, Opposite Ketav Auto Service Station, Dr. V S Road, Ambawadi, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

18.04.1967

Date of Appointment :

30.09.2014

DIN No.:

00424400

 

 

Name :

Mr. Dev Kumar Tiwari

Designation :

Director

Address :

Saraswati Vihar, Ambika Nagar, P.O Ainthapali, Sambalpur – 768004, Orissa, India

Date of Birth/Age :

01.01.1971

Date of Appointment :

10.04.2009

PAN No.:

ADKPT0309E

DIN No.:

02432511

 

 

 

 

 

KEY EXECUTIVES

 

Name :

Mr. Vikas Jain

Designation :

Finance Head

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Bajrang Lal Agarwal

500

Sanjay Kumar Agarwal

1500

Mahabir Prasad Agarwal

500

Brij Bhushan Agarwal

3980500

Mittu Agarwal

500

Conventary Commodeal (Private) Limited, India

858000

Dorite Tracon (Private) Limited, India

1872000

Kalpataru House Fin. And Trading Private Limited, India

1359000

Narantak Dealcomm Limited

1375000

Subham Capital Private Limited

6736367

Shaily Sales And Services Private Limited, India

1301500

Subham Buildwell Private Limited, India

14519450

Pitamber Commercial Company Private Limited, India

5213000

Gulmohar Complex Private Limited, India

570000

Avam Trades and Services Private Limited, India

58400

 

 

Total

37846217

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

 

Percentage

Bodies corporate

89.64

Directors or relatives of Directors

10.36

 

 

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Steel and Stainless Steel, TMT Bars, Ferro Alloys, Power and MS Billets and Blooms. 

 

 

Products / Services :

Item Code No.

 

Product Description

72021900

Ferro Manganese

72141090

TMT Bars

72071920

Billets

72031000

Sponge Iron

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Products :

Finished Goods

Countries :
  • Korea
  • Taiwan
  • Nepal
  • Middle East

 

 

Imports :

Products :

Raw Material

Countries :
  • Australia
  • South Africa
  • China
  • Europe

 

 

Terms :

 

Selling :

L/C, Cash and Credit

 

 

Purchasing :

L/C, Cash and Credit

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name :

Saman Cor AG – Australia

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark :

Not Divulged

 

 

Customers :

Company Name :

Jindal Stainless Limited – Hisar

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark :

Not Divulged

 

·         Rathi Ispat Limited

·         Power Grid Corporation of India Limited

·         National Thermal Power Corporation

·         Hindustan Motors Limited

 

 

No. of Employees :

2000 (Approximately)

 

 

Bankers :

Banker Name :

Union Bank of India

Branch :

Industrial Finance Branch, 1/1, Camac Street, 1st Floor, Kolkata – 700016, West Bengal, India

Person Name :

Not Divulged

Contact Number :

Not Divulged

Name of Account Holder :

Not Divulged

Account Number :

Not Divulged

Account Since :

Not Divulged

Average Balance Maintained :

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan) :

Cash Credit= Rs.7.500 Million

Account Operation :

Not Divulged

Remark :

Not Divulged

 

·         ABN Amro Bank N.V.DLF Centre, Sansad Marg, New Dlehi - 110001, West Bengal, India

 

·         HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

 

·         State Bank of India, Commercial Branch, Kolkata, 24, Park Street, Kolkata - 700016, West Bengal, India

 

·         ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

 

 

 

Auditors :

 

Name :

S.K .Patodi and Company 

Chartered Accountants

Address :

8 / 1 B, Chowringhee Lane, 4th Floor , Kolkata – 700016, West Bengal, India

PAN No.:

ACCFS1217P

 

 

Membership :

--

 

 

Subsidiary Company:
  • Shyam Minimet Africa Private Limited

 

 

Joint Venture Company:
  • MJSJ Coal Limited, India [U10200OR2008GOI010250]

 

 

Associate Company:
  • Subhlabh Commercial Private Limited, India

 [U51909WB1996PTC076966]

  • Shyam Sel and Power Limited
  • Avam Trades and Services Private Limited, India

 [U51109WB1991PTC051255]

  • Vedansh Mineral and Metals Private Limited
  • Meghana Vyapar Private Limited, India [U51909WB1995PTC075497]

 

 

Enterprise over which key

Management personnel and/or their relatives have

Significant influence:
  • Conventary Commdeal Private Limited, India

 [U51109WB1994PTC064130]

  • Dorite Tracon Private Limited, India [U51909WB1995PTC070771]
  • Kalinga Energy and Power Limited, India [U40105OR2007PLC009567]
  • Kalinga Infra-Projects Limited, India [U45201OR2008PLC010323]
  • Shyam Energy Limited, India [U40102WB2002PLC094303]
  • Shyam Solar Appliances Private Limited, India

 [U40106WB2008PTC126637]

  • Inforev Software Private Limited, India [U72900WB2004PTC099459]
  • Narantak Dealcomm Limited, India [U67120WB1994PLC064811]
  • Puri Port Limited
  • Shaily Sales and Services Private Limited, India

 [U51109WB1995PTC069472]

  • Subham Buildwel Private Limited, India [U70101WB2007PTC117530]
  • Shyam Ferro Alloys Limited, India [U27109WB1995PLC071548]
  • Eskay Business Private Limited
  • Toplight Mercantile Private Limited
  • Ponni Trexim Private Limited, India [U51109WB1994PTC063946]
  • Shyam Emco Infrastructure Limited
  • Subham Capital Private Limited, India [U51909WB1994PTC066014]
  • Shyam Century Cement Industries Limited
  • Kalpataru Housefin Private Limited
  • Essel Plywood Private Limited
  • Shyam Business Solution Private Limited
  • Shyam Greenfield Developers Private Limited
  • Swarnrekha Energy and Steel Private Limited
  • Whispering Developers Private Limited
  • Gandhini Housing Private Limited
  • Gumla Aluminium Private Limited
  • Shyam Century Multi Projects Limited
  • Sindbad Hydro Power Private Limited
  • Eureka Hydro Power Private Limited
  • Goodlife Hydro Power Private Limited
  • Britasia Hydro Power Private Limited
  • Renaissance Hydro Power Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

73400000

Equity Shares

Rs.10/- each

Rs.734.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

37846217

Equity Shares

Rs.10/- each

Rs.378.462 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

378.462

384.668

338.443

(b) Reserves & Surplus

6113.105

4467.958

3740.212

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Capital Suspense

56.432

0.000

0.000

Total Shareholders’ Funds (1) + (2)

6547.999

4852.626

4078.655

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2244.704

2997.634

3222.665

(b) Deferred tax liabilities (Net)

252.901

227.037

142.543

(c) Other long term liabilities

384.363

365.122

79.809

(d) long-term provisions

8.740

8.521

8.670

Total Non-current Liabilities (3)

2890.708

3598.314

3453.687

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1838.740

2086.751

1319.263

(b) Trade payables

442.032

608.925

539.192

(c) Other current liabilities

1333.101

1287.014

1084.240

(d) Short-term provisions

57.308

50.094

60.682

Total Current Liabilities (4)

3671.181

4032.784

3003.377

 

 

 

 

TOTAL

13109.888

12483.724

10535.719

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5038.149

5624.817

4100.586

(ii) Intangible Assets

0.144

0.080

0.127

(iii) Capital work-in-progress

1624.217

1102.586

1315.784

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1382.602

567.149

544.855

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

491.348

335.651

458.479

(e) Other Non-current assets

0.000

0.115

16.985

Total Non-Current Assets

8536.460

7630.398

6436.816

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2025.218

2112.554

1882.092

(c) Trade receivables

595.715

832.344

757.355

(d) Cash and cash equivalents

773.598

604.763

326.679

(e) Short-term loans and advances

1115.327

1266.953

1077.216

(f) Other current assets

63.570

36.712

55.561

Total Current Assets

4573.428

4853.326

4098.903

 

 

 

 

TOTAL

13109.888

12483.724

10535.719

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

9913.883

7328.088

6779.633

 

Other Income

94.270

161.337

82.744

 

TOTAL

10008.153

7489.425

6862.377

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

6300.747

5187.664

4736.882

 

Purchases of Stock-in-Trade

175.775

71.807

175.287

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

97.302

1.360

(129.286)

 

Employees benefits expense

230.276

190.226

188.465

 

Other expenses

1402.810

603.767

722.050

 

TOTAL

8206.910

6054.824

5693.398

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

1801.243

1434.601

1168.979

 

 

 

 

 

Less

FINANCIAL EXPENSES

522.102

396.013

312.772

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

1279.141

1038.588

856.207

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

821.630

664.901

514.385

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

457.511

373.687

341.822

 

 

 

 

 

Less

TAX

26.631

108.192

40.090

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

430.880

265.495

301.732

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

2096.119

 

1830.624

1528.892

 

 

 

 

 

 

Balance Carried to the B/S

2526.999

2096.119

1830.624

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

10.49

7.63

9.53

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

1014.953

847.446

674.082

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

1333.845

1556.964

1702.201

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

PAT / Sales

(%)

4.35

3.62

4.45

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

18.17

19.58

17.24

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

4.53

3.46

3.94

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.07

0.08

0.08

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.78

1.22

1.28

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.25

1.20

1.36

 

 

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

338.443

384.668

378.462

Reserves & Surplus

3740.212

4467.958

6113.105

Share Application money pending allotment

0.000

0.000

56.432

Net worth

4078.655

4852.626

6547.999

 

 

 

 

long-term borrowings

3222.665

2997.634

2244.704

Short term borrowings

1319.263

2086.751

1838.740

Current Maturities of Long term debt

674.082

847.446

1014.953

Total borrowings

5216.010

5931.831

5098.397

Debt/Equity ratio

1.279

1.222

0.779

 

 

 

 

YEAR-ON-YEAR GROWTH

 

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

6779.633

7328.088

9913.883

 

 

8.090

35.286

 

 

 

 

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

6779.633

7328.088

9913.883

Profit

301.732

265.495

430.880

 

4.45%

3.62%

4.35%

 

 

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

No

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

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

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

 

 

 

INDEX OF CHARGE:

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10494689

28/02/2014

1,952,600,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

C04538237

2

10469342

20/12/2013

750,000,000.00

UNION BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC STREET, 1ST FLOOR, KOLKATA, WEST BENGAL - 700016, INDIA

B93206126

3

10448154

21/08/2013

320,000,000.00

UNION BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC STREET, 1ST FLOOR, KOLKATA, WEST BENGAL - 700016, INDIA

B84620996

4

10443455

16/08/2013

1,350,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B82307935

5

10393788

27/09/2013 *

4,457,000,000.00

STATE BANK OF INDIA (LEAD BANK)

COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

B86428091

6

10389344

27/11/2012

250,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B63104152

7

10389888

06/11/2012

1,140,000,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,, KOLKATA, WEST BENGAL - 700071, INDIA

B63285589

8

10378945

24/09/2012

825,000,000.00

DBS BANK LIMITED

4A, NANDLAL BASU SARANI, KOLKATA, WEST BENGAL - 700071, INDIA

B59052225

9

10382297

27/07/2013 *

290,000,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,, KOLKATA, WEST BENGAL - 700071, INDIA

B82167511

10

10373264

06/07/2012

250,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B56686868

11

10366643

28/06/2012

5,612,500,000.00

STATE BANK OF INDIA (LEAD BANK)

COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

B44221950

12

10360480

12/06/2012

500,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B41569385

13

10278114

28/03/2011

3,730,000,000.00

ORIENTAL BANK OF COMMERCE (LEAD BANK)

PARK STREET BRANCH,, 107/1, PARK STREET (1ST FLOOR), KOLKATA, WEST BENGAL - 700016, INDIA

B09894239

14

10176362

19/08/2013 *

820,000,000.00

CORPORATION BANK

CORPORATE BANKING BRANCH, KOLKATA, 21, HEMANTA BASU SARANI, CENTRE POINT, 1ST FLOOR, KOLKATA, WEST
BENGAL - 700001, INDIA

B86193364

15

10173845

28/03/2013 *

2,641,200,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

B75512087

16

10114036

27/09/2013 *

8,281,100,000.00

STATE BANK OF INDIA (LEAD BANK)

COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

B87764767

17

10018413

01/08/2006

700,000,000.00

ORIENTAL BANK OF COMMERCE LTD.

PARK STREET BRANCH, 107/1 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

A04189528

18

90256577

02/11/2007 *

664,200,000.00

UCO BANK

FLAGSHIP CORPORATE BRANCH, MC LEOD HOUSE, 3, NETAJI SUBHAS ROAD,, KOLKATA, WEST BENGAL - 700001, INDIA

A26889279

19

90256503

03/11/2007 *

932,500,000.00

ORIENTAL BANK OF COMMERCE

PARK STREET BRANCH, 107/1 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

A29892890

 

*Date of modification Charges

 

 

FIXED ASSETS:

 

·         Land

·         Buildings

·         Plant and equipment

·         Furniture and fixtures

·         Motor vehicles

·         Office equipment

·         Computer software

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 records 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.63.38

UK Pound

1

Rs.99.13

Euro

1

Rs.69.69

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NKT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--CREDIT LINES

1~10

6

--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

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

 

52

 

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

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.