MIRA INFORM REPORT
|
Report No. : |
332346 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GODAWARI POWER AND ISPAT LIMITED |
|
|
|
|
Formerly Known
As : |
ISPAT GODAWARI LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 428/2, Phase-1, Industrial Area, Siltara, Raipur – 492001,
Chattisgarh |
|
Tel. No.: |
91-771-4082333/ 4082235 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
21.09.1999 |
|
|
|
|
Com. Reg. No.: |
33-013756 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 327.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27106CT1999PLC013756 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
JBPI00086C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI7189K |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is mainly engaged in generation of electricity,
Iron ore mining and manufacturing of Iron Ore Pellets, Sponge Iron, Steel
Billets, Wire Rods, H.B. Wire and Ferro Alloys. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
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 : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability levels of the company. Overall financial conditions of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment are
reported to be regular and as per commitment. In view of long track record of its operations and experienced
promoter, the company can be considered good for normal 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 |
CARE |
|
Rating |
Long Term Bank Facilities = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
July 10, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
July 10, 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) DEFAILTERS’ 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 DENIED BY
|
Name : |
Mr. C.P. Sahu |
|
Designation : |
Deputy Manager |
|
Contact No.: |
91-7714082235 |
|
Date : |
20.07.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 428/2, Phase-1, Industrial Area, Siltara, Raipur
– 493111, Chhattisgarh, India |
|
Tel. No.: |
91-771-4082333/ 4082235 |
|
Mob. No.: |
91-7714082235 (Mr. C.P. Sahu) |
|
Fax No.: |
91-771-4082234 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Corporate Office : |
Hira Arcade, First Floor, New Bus Stand, Pandri, Raipur -
492001, Chhattisgarh, India |
|
Tel. No.: |
91-771-4082000/ 4082001 |
|
Fax No.: |
91-771-4057601 |
|
E-Mail : |
|
|
|
|
|
Mumbai Office : |
Unit No.606, Town Centre, 6th Floor, Andheri Kurla Road, Andheri, Saki
Naka, Near Mittal Estate, Mumbai - 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28592621/ 28592622/ 28592623 |
|
Fax No.: |
91-22-28592851 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. B. Choudhuri |
|
Designation : |
Chairman (Independent Director) |
|
|
|
|
Name : |
Mr. B.L. Agrawal |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Abhishek Agrawal |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Dinesh Agrawal |
|
Designation : |
Non-Executive Director |
|
Date of Birth/Age : |
41 years |
|
Qualification : |
B.E. (Electrical) |
|
Date of Appointment : |
21.09.1999 |
|
|
|
|
Name : |
Mr. Dinesh Gandhi |
|
Designation : |
Executive Director- Finance |
|
Date of Birth/Age : |
48 Years |
|
Qualification : |
Chartered Accountant and Company Secretary |
|
Date of Appointment : |
25.02.2005 |
|
|
|
|
Name : |
Mr. Vinod Pillai |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Shashi Kumar |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. B. N. Ojha |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Harishankar Khandelwal |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Ms. Bhavna G. Desai |
|
Designation : |
Independent Director (w.e.f. 09.08.2014) |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Bothra |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Y.C. Rao |
|
Designation : |
Company Secretary and Compliance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
17925684 |
54.72 |
|
|
2205169 |
6.73 |
|
|
1125000 |
3.43 |
|
|
1125000 |
3.43 |
|
|
21255853 |
64.89 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
21255853 |
64.89 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
1864458 |
5.69 |
|
|
221728 |
0.68 |
|
|
1532 |
0.00 |
|
|
2087718 |
6.37 |
|
|
|
|
|
|
1386110 |
4.23 |
|
|
|
|
|
|
4847444 |
14.80 |
|
|
2208950 |
6.74 |
|
|
970172 |
2.96 |
|
|
71688 |
0.22 |
|
|
100 |
0.00 |
|
|
283484 |
0.87 |
|
|
614900 |
1.88 |
|
|
9412676 |
28.74 |
|
Total Public
shareholding (B) |
11500394 |
35.11 |
|
Total (A)+(B) |
32756247 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
32756247 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in generation of electricity,
Iron ore mining and manufacturing of Iron Ore Pellets, Sponge Iron, Steel
Billets, Wire Rods, H.B. Wire and Ferro Alloys. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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|
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Customers : |
Not Divulged
|
|||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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Bankers : |
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|
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
O.P. Singhania and Co. Chartered Accountant |
|
Address : |
Raipur,
Chhattisgarh, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint Ventures : |
|
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 327.600
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49800000 |
Equity Shares |
Rs.10/- each |
Rs. 498.000 Million |
|
3200000 |
Preference Shares |
Rs. 10/- each |
Rs. 32.000 Million |
|
|
Total |
|
Rs. 530.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32756247 |
Equity Shares |
Rs.10/- each |
Rs. 327.562
Million |
|
|
|
|
|
a) Reconciliation of
the shares outstanding at the beginning and at the end of the reporting period
|
Particulars |
31.03.2014 |
|
|
No. of shares |
Rs. In Million |
|
|
At the beginning of the period |
32756247 |
327.562 |
|
Issued during the period |
-- |
-- |
|
Outstanding at the end of the period |
32756247 |
327.562 |
b) Terms/rights
attached to equity shares
The company has only one class of equity shares having a par value of ` 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31st March,2014, the amount of per share dividend recognized as distributions to equity shareholders was ` 1.50 as Interim dividend (31st March,2013 : Nil) and ` 1.00 as proposed final equity dividend (31st March,2013 : ` 2.50 as proposed final equity dividend).
In the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the company, after distribtion of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
c) Details of
shareholders holding more than 5% shares in the company:
|
Particulars |
31.03.2014 |
|
|
No. of shares |
% of Holdings |
|
|
Equity shares of Rs. 10/- each fully paid |
|
|
|
ICICI Prudential Discovery Fund |
1911218 |
5.83 |
|
Hira Infra-tek Limited |
1790652 |
5.47 |
|
Dinesh Agrawal |
1846347 |
5.64 |
|
B.L. Agrawal |
1731398 |
5.29 |
|
|
|
|
|
Total |
7279615 |
22.22 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
327.600 |
327.562 |
327.562 |
|
(b) Reserves & Surplus |
8916.500 |
7315.681 |
6708.186 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
130.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
9244.100 |
7643.243 |
7165.748 |
|
|
|
|
|
|
(3) Minority
Interest |
1671.200 |
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14094.400 |
7776.656 |
7076.780 |
|
(b) Deferred tax liabilities (Net) |
835.100 |
576.968 |
582.638 |
|
(c) Other long term
liabilities |
29.800 |
32.096 |
22.980 |
|
(d) long-term
provisions |
45.700 |
21.086 |
15.599 |
|
Total Non-current
Liabilities (3) |
15005.000 |
8406.806 |
7697.997 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3740.300 |
2886.953 |
2091.233 |
|
(b) Trade
payables |
4828.300 |
2030.237 |
1825.055 |
|
(c) Other
current liabilities |
2918.500 |
1396.559 |
1273.806 |
|
(d) Short-term provisions |
73.700 |
32.871 |
120.444 |
|
Total Current
Liabilities (4) |
11560.800 |
6346.620 |
5310.538 |
|
|
|
|
|
|
TOTAL |
37481.100 |
22396.669 |
20174.283 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
25897.900 |
12244.768 |
6719.205 |
|
(ii)
Intangible Assets |
0.000 |
234.967 |
188.081 |
|
(iii)
Capital work-in-progress |
0.000 |
651.770 |
4123.922 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
2888.859 |
2525.624 |
|
(c) Deferred tax assets (net) |
663.800 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
206.500 |
44.873 |
44.905 |
|
(e) Other
Non-current assets |
176.000 |
88.600 |
76.246 |
|
Total Non-Current
Assets |
26944.200 |
16153.837 |
13677.983 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6.200 |
0.000 |
0.000 |
|
(b)
Inventories |
4192.200 |
2841.432 |
2728.629 |
|
(c) Trade
receivables |
1559.000 |
770.694 |
1022.506 |
|
(d) Cash
and cash equivalents |
1052.500 |
143.951 |
319.926 |
|
(e)
Short-term loans and advances |
3709.800 |
2486.755 |
2425.239 |
|
(f) Other
current assets |
17.200 |
0.000 |
0.000 |
|
Total
Current Assets |
10536.900 |
6242.832 |
6496.300 |
|
|
|
|
|
|
TOTAL |
37481.100 |
22396.669 |
20174.283 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23949.800 |
15409.196 |
19116.333 |
|
|
|
Other Income |
200.300 |
244.889 |
97.015 |
|
|
|
TOTAL |
24150.100 |
15654.085 |
19213.348 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
14965.900 |
9714.428 |
13065.534 |
|
|
|
Purchases of Stock-in-Trade |
488.400 |
39.676 |
73.995 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(535.800) |
(5.828) |
356.131 |
|
|
|
Employees benefits expense |
911.900 |
557.483 |
437.940 |
|
|
|
Other expenses |
4537.400 |
2984.309 |
2773.460 |
|
|
|
Exceptional items |
(401.900) |
0.000 |
0.000 |
|
|
|
TOTAL |
19965.900 |
13290.068 |
16707.060 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
4184.200 |
2364.017 |
2506.288 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2236.400 |
1145.083 |
923.926 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1947.800 |
1218.934 |
1582.362 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1181.800 |
666.834 |
522.729 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
766.000 |
552.100 |
1059.633 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
58.700 |
(7.285) |
(181.739) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
707.300 |
559.385 |
1241.372 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
169.357 |
829.167 |
|
|
|
Capital Goods |
NA |
1234.534 |
1265.057 |
|
|
TOTAL IMPORTS |
NA |
1403.891 |
2094.224 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.22 |
17.08 |
39.05 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
2443.915 |
1777.483 |
|
Net cash flow from (used in) operation |
NA |
2327.353 |
1435.982 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.95 |
3.63 |
6.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.47 |
15.34 |
13.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.08 |
2.93 |
7.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.07 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.93 |
1.40 |
1.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.98 |
1.22 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. 79.80/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
327.562 |
327.562 |
327.600 |
|
Reserves & Surplus |
6708.186 |
7315.681 |
8916.500 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7035.748 |
7643.243 |
9244.100 |
|
|
|
|
|
|
long-term borrowings |
7076.780 |
7776.656 |
14094.400 |
|
Short term borrowings |
2091.233 |
2886.953 |
3740.300 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
9168.013 |
10663.609 |
17834.700 |
|
Debt/Equity
ratio |
1.303 |
1.395 |
1.929 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
19116.333 |
15409.196 |
23949.800 |
|
|
|
(19.393) |
55.425 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
19116.333 |
15409.196 |
23949.800 |
|
Profit |
1241.372 |
559.385 |
707.300 |
|
|
6.49% |
3.63% |
2.95% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
----- |
|
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 |
Yes |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
Case No. WA/0000022/2014
Case Status. Pending
Petitioner Name - State
Of Chhattisgarh Vs. Respondent
Name - Godawari Power and Ispat Limited
and Ors.
Petitioner Advocate - A.G.
Respondent Advocate - Amrito Das
|
Next Date : |
23/07/2015 |
|
CASE PROCEEDING
HISTORY |
|||
|
Bench |
Last Date |
Purpose |
Action |
|
Hon'ble The Chief Justice and Hon'ble Shri Justice
P. Sam Koshy |
06/07/2015 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble The Chief Justice and Hon'ble Shri Justice P.
Sam Koshy |
13/05/2015 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble The Chief Justice and Hon'ble Shri Justice
Prashant Kumar Mishra |
01/05/2015 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble The Chief Justice and Hon'ble Shri Justice
P. Sam Koshy |
21/04/2015 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble The Acting Chief Justice and Hon'ble Shri Justice
Pritinker Diwaker |
10/03/2015 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble The Acting Chief Justice and Hon'ble Shri Justice
P. Sam Koshy |
23/02/2015 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble The Acting Chief Justice and Hon'ble Shri Justice
Pritinker Diwaker |
10/07/2014 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble Shri Justice Sunil Kumar Sinha and Hon'ble Shri Justice Inder
Singh Uboweja |
28/04/2014 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble Shri Justice Sunil Kumar Sinha and Hon'ble Shri Justice
Inder Singh Uboweja |
11/03/2014 |
MOTION HEARING |
ADJOURNED |
|
Hon'ble Shri Justice Sunil Kumar Sinha and Hon'ble Shri Justice
Inder Singh Uboweja |
05/02/2014 |
MOTION HEARING |
DELAY CONDONED |
|
Hon'ble Shri Justice Sunil Kumar Sinha and Hon'ble Shri Justice
Inder Singh Uboweja |
27/01/2014 |
MOTION HEARING |
ADJOURNED |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10538899 |
27/12/2014 |
500,000,000.00 |
LAKSHMI VILAS BANK LIMITED |
FORT BRANCH, BHARAT HOUSE 104, B.S.MARG, FORT, MUMBAI, Maharashtra - 400001, INDIA |
C38232609 |
|
2 |
10537813 |
29/11/2014 |
6,480,500,000.00 |
STATE BANK OF INDIA |
COMMERICAL BRANCH, 2ND FLOOR, PUJARI CHAMBERS, PACHPEDI NAKA, RAIPUR, Chhattisgarh - 492001, INDIA |
C37589223 |
|
3 |
10494423 |
06/01/2015 * |
5,350,600,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
C39637053 |
|
4 |
10494663 |
28/03/2014 |
599,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound,, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
C04534491 |
|
5 |
10494676 |
28/03/2014 |
5,900,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound,, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
C04536033 |
|
6 |
10453734 |
15/11/2014 * |
500,000,000.00 |
AXIS BANK LIMITED |
JEEVAN BIMA MARG, PANDRI, RAIPUR, Chhattisgarh - 492004, INDIA |
C39037189 |
|
7 |
10399811 |
18/11/2013 * |
5,230,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 2ND FLOOR, PUJARI CHAMBERS, PACHPEDI NAKA, RAIPUR, Chhattisgarh - 492001, INDIA |
B91204750 |
|
8 |
10369121 |
28/03/2014 * |
300,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
C04606943 |
|
9 |
10357626 |
25/04/2012 |
1,945,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, Maharashtra - 411001, INDIA |
B40381253 |
|
10 |
10357629 |
25/04/2012 |
1,945,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, Maharashtra - 411001, INDIA |
B40382293 |
* Date of charge modification
FIXED ASSETS
- Freehold Land
- Leasehold
Land
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
- 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 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. 63.49 |
|
UK Pound |
1 |
Rs. 99.43 |
|
Euro |
1 |
Rs. 69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.