MIRA INFORM REPORT
|
Report No. : |
332974 |
|
Report Date : |
21.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED (w. e.
f. 10.10.2012) |
|
|
|
|
Formerly Known
As : |
GUJARAT NARMADA VALLEY FERTILIZERS COMPANY LIMITED |
|
|
|
|
Registered
Office : |
P. O. Narmadanagar, District Bharuch - 392015, Gujarat |
|
Tel. No.: |
91-2264247001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
10.05.1976 |
|
|
|
|
Com. Reg. No.: |
04-002903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1554.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24110GJ1976PLC002903 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDG00702C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG8372Q |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of fertilizers viz. urea,
ammonium nitro-phosphate and calcium ammonium nitrate, chemicals viz.
ammonia, methanol, formic acid, acetic acid, nitric acids and ammonium
nitrate melt and electronics viz. digital switching systems and printed
circuit boards. |
|
|
|
|
No. of Employees
: |
3258 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 100000000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a jointly promoted by the Government and Gujarat State
Fertilizer and Chemical Limited. It is a well-established and reputed company having a good track record. The company has incurred a loss during FY2015. However, general financial position of the company is sound.
Fundamentals of the company are strong and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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 |
ICRA |
|
Rating |
Term Loans (AA-) |
|
Rating Explanation |
High degree of safety and carry low credit risk. |
|
Date |
June 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Facilities (A1+) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
June 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 DENIED
MANAGEMENT NON – CORPORATIVE (91-2642-247001)
LOCATIONS
|
Registered Office / Head Office / Factory: |
P. O. Narmadanagar, District Bharuch - 392015, Gujarat, India |
|
Tel. No.: |
91-2642-247001, 247002 (Head Office Bharuch) 91-2642-663626 (Fertilizers Division / Chemical Division) |
|
Fax No.: |
91-2642-247084 / 247057 / 247122 91-2642-247065 (Fertilizers Division / Chemical Division) |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2014
|
Name : |
Dr. Varesh Sinha, IAS |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Dr. Rajiv Kumar Gupta |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Shri DJ Pandian, IAS |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. Hasmukh Adhia, IAS |
|
Designation : |
Director |
|
|
|
|
Name : |
Shri GC Murmu, IAS |
|
Designation : |
Director |
|
|
|
|
Name : |
Shri Atanu Chakraborty, IAS |
|
Designation : |
Director |
|
|
|
|
Name : |
Prof. Arvind Sahay |
|
Designation : |
Director |
|
|
|
|
Name : |
Shri Chandrasekhar Mani |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. TT Ram Mohan |
|
Designation : |
Director |
|
|
|
|
Name : |
Shri JS Kochar |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Shri RA Shah, CFO |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Shri VS Sirohi |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Shri RT Bhargava |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Shri AT Patadia |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Shri JC Bhatt |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Shri PA Manakchand |
|
Designation : |
Executive Director |
KEY EXECUTIVES
|
Name : |
Shri RB Panchal |
|
Designation : |
Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2015
|
Category of
Shareholder |
Total
No. of Shares |
%age
of Holding |
|
|
||
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
64003713 |
41.21 |
|
|
64003713 |
41.21 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
64003713 |
41.21 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
3310155 |
2.13 |
|
|
21362998 |
13.75 |
|
|
19292516 |
12.42 |
|
|
43965669 |
28.31 |
|
|
|
|
|
|
4046759 |
2.61 |
|
|
|
|
|
|
33475523 |
21.55 |
|
|
9039260 |
5.82 |
|
|
796619 |
0.51 |
|
|
209451 |
0.13 |
|
|
63032 |
0.04 |
|
|
3000 |
0.00 |
|
|
352226 |
0.23 |
|
|
168910 |
0.11 |
|
|
47358161 |
30.49 |
|
Total Public shareholding (B) |
91323830 |
58.79 |
|
Total (A)+(B) |
155327543 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing And Selling Of Fertilizers Viz. Urea,
Ammonium Nitro-Phosphate And Calcium Ammonium Nitrate, Chemicals Viz. Ammonia,
Methanol, Formic Acid, Acetic Acid, Nitric Acids and Ammonium Nitrate Melt
and Electronics Viz. Digital Switching Systems And Printed Circuit Boards. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
3258 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|||||||||||||||||||||||||||||||||||||||
|
Statutory Auditors : |
|
|
Name : |
M/S Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Ahmedabad, Gujarat, India |
|
|
|
|
Cost Auditors : |
|
|
Name : |
M/s Diwanji and Associates Chartered Accountants |
|
Address : |
Vadodara, Gujarat, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2015
Authorized Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs. 1554.200
Million
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.10/- each |
Rs. 2500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
155418783 |
Equity Shares |
Rs.10/- each |
Rs. 1554.188
Million |
|
|
|
|
|
(I)
Terms/ Rights attached to Equity shares:
The Company has only one class of shares, i.e. equity shares which rank
pari passu in all respects. All the equity shares are fully paid up and no
restrictions are attached to equity shares.
(II)
Details of Shareholders holding more than 5% shares
in the Company:
|
Name of the Shareholder |
No. Shares |
% of total
Equity Capital |
|
Gujarat State Investments Limited |
33224546 |
21.38 |
|
Gujarat State Fertilizers & Chemicals Limited |
30779167 |
19.80 |
|
Life Insurance Corporation of India |
14083612 |
9.06 |
|
Fidelity Puritan Trust- Fidelity Low Priced Stock Fund |
11000000 |
7.08 |
Reconciliation of the number of shares outstanding:
|
|
As at 31-03-2014 No. of Shares |
|
Equity Shares at the beginning of the year |
155418783 |
|
Add: Equity Shares issued during the year |
0 |
|
Less: Equity Shares cancelled during the year |
0 |
|
Equity Shares at the end of the year |
155418783 |
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 |
1554.200 |
1554.188 |
1554.188 |
|
(b) Reserves &
Surplus |
23247.600 |
27901.441 |
25615.201 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Deferred Income |
|
|
|
|
Grant from Government of
India |
11259.800 |
11837.324 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) + (3) |
36061.600 |
41292.953 |
27169.389 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
15268.500 |
16718.692 |
18186.713 |
|
(b) Deferred tax
liabilities (Net) |
3295.500 |
3364.072 |
2358.272 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1031.600 |
876.038 |
939.122 |
|
Total Non-current
Liabilities (3) |
19595.600 |
20958.802 |
21484.107 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16475.700 |
16781.761 |
10119.732 |
|
(b) Trade payables |
3714.400 |
2940.317 |
2207.720 |
|
(c) Other current
liabilities |
8572.900 |
9612.548 |
7940.360 |
|
(d) Short-term provisions |
460.100 |
1111.100 |
1298.515 |
|
Total Current Liabilities
(4) |
29223.100 |
30445.726 |
21566.327 |
|
|
|
|
|
|
TOTAL |
84880.300 |
92697.481 |
70219.823 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
44813.700 |
48528.617 |
17959.075 |
|
(ii) Intangible Assets |
0.000 |
206.302 |
115.749 |
|
(iii) Capital
work-in-progress |
0.000 |
232.519 |
27524.529 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1453.600 |
1321.490 |
1298.402 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1973.800 |
2696.774 |
1196.682 |
|
(e) Other Non-current
assets |
6079.000 |
8510.288 |
0.258 |
|
Total Non-Current Assets |
54320.100 |
61495.990 |
48094.695 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7497.700 |
8245.864 |
6369.933 |
|
(c) Trade receivables |
13552.400 |
14547.238 |
11769.909 |
|
(d) Cash and cash
equivalents |
159.400 |
1734.248 |
2211.931 |
|
(e) Short-term loans and
advances |
2031.800 |
2550.075 |
1773.355 |
|
(f) Other current assets |
7318.900 |
4124.066 |
0.000 |
|
Total Current Assets |
30560.200 |
31201.491 |
22125.128 |
|
|
|
|
|
|
TOTAL |
84880.300 |
92697.481 |
70219.823 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income from Operations |
46415.200 |
48471.881 |
42525.705 |
|
|
Other Income |
517.500 |
450.532 |
403.793 |
|
|
TOTAL (A) |
46932.700 |
48922.413 |
42929.498 |
|
|
|
|
|
|
|
Less: |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
24984.100 |
29865.886 |
24683.241 |
|
|
Purchases of
Stock-in-Trade |
1868.600 |
888.542 |
819.351 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
991.100 |
(387.258) |
(403.275) |
|
|
Employees benefits
expense |
3772.800 |
2534.867 |
2572.55 |
|
|
Other expenses |
11704.100 |
9405.195 |
8921.294 |
|
|
Exceptional Items |
3300.000 |
0.000 |
0.000 |
|
|
TOTAL (B) |
46620.700 |
42307.232 |
36593.161 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
312.000 |
6615.181 |
6336.337 |
|
|
|
|
|
|
|
|
Less: |
FINANCIAL EXPENSES (D) |
2745.000 |
923.712 |
626.837 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(2433.000) |
5691.469 |
5709.500 |
|
|
|
|
|
|
|
Less: |
DEPRECIATION/
AMORTISATION (F) |
2087.700 |
1453.146 |
1485.549 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
(4520.700) |
4238.323 |
4223.951 |
|
|
|
|
|
|
|
Less: |
TAX (H) |
0.000 |
1315.600 |
1492.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H) (I) |
(4520.700) |
2922.723 |
2731.051 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Exports of goods on FOB Basis |
|
723.960 |
285.131 |
|
|
Technically consultancy and
other fees |
|
0.000 |
10.538 |
|
|
Insurance |
|
|
|
|
|
TOTAL EARNINGS |
NA |
723.960 |
295.669 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
1809.783 |
3025.675 |
|
|
Components and Stores
parts |
|
262.033 |
189.775 |
|
|
Capital Goods |
|
341.645 |
189.775 |
|
|
TOTAL IMPORTS |
NA |
2413.461 |
3405.225 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
29.09 |
18.81 |
17.57 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
5538.878 |
3656.060 |
|
Cash Generated from/ (Used in) Operations |
NA |
967.145 |
(229.804) |
|
Net Cash Generated from/ (Used in) Operating Activities |
NA |
110.894 |
1602.731 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(9.74) |
6.03 |
6.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.67 |
13.65 |
14.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.42) |
4.65 |
10.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13) |
0.10 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
0.81 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.02 |
1.03 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. 62.45/- |
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 |
1554.188 |
1554.188 |
1554.200 |
|
Reserves & Surplus |
25615.201 |
27901.441 |
23247.600 |
|
Net
worth |
27169.389 |
29455.629 |
24801.800 |
|
|
|
|
|
|
long-term borrowings |
18186.713 |
16718.692 |
15268.500 |
|
Short term borrowings |
10119.732 |
16781.761 |
16475.700 |
|
Total
borrowings |
28306.445 |
33500.453 |
31744.200 |
|
Debt/Equity
ratio |
1.042 |
1.137 |
1.280 |
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) |
|
Income from Operations |
42525.705 |
48471.881 |
46415.200 |
|
|
|
13.983 |
(4.243) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Income from Operations |
42525.705 |
48471.881 |
46415.200 |
|
Profit |
2731.051 |
2922.723 |
(4520.700) |
|
|
6.42% |
6.03% |
(9.74%) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN:
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Rupee Term Loan From Bank |
|
0.000 |
|
Rupee Term Loan From other |
|
3000.000 |
|
|
|
|
|
Total |
NA |
3000.000 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10384762 |
27/06/2013 * |
15,050,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B80007164 |
|
2 |
10270315 |
28/02/2012 * |
11,545,300,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B34378125 |
|
3 |
10178704 |
26/09/2009 |
800,000,000.00 |
DENA BANK |
MANILAL CHAMBERS, ALKAPURI, VADODARA, GUJARAT - 390005, INDIA |
A70984190 |
|
4 |
80004923 |
23/02/1999 |
655,800,000.00 |
BANK OF BARODA |
BHARUCH, BHARUCH, GUJARAT - 392015, INDIA |
- |
|
5 |
90109781 |
13/02/2002 * |
937,000,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE
BRANCH, OPPOSITE SHITAL GUEAT HOUSE; OLD |
- |
|
6 |
80052774 |
30/03/1998 |
34,000,000.00 |
STATE BANK OF INDIA |
STATION ROAD, BHARUCH, GUJARAT - 392001, INDIA |
- |
|
7 |
90109682 |
13/10/1997 |
180,000,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE BRANCH, OPPOSITE SHITAL GUEAT HOUSE; OLD N. H. NO. 8, BHARUCH, GUJARAT, INDIA |
- |
|
8 |
90103695 |
27/03/2015 * |
16,000,000,000.00 |
Bank of Baroda |
GNFC COMPLEX BRANCH, P.O. NARMADANAGAR-392 015, BHARUCH, GUJARAT - 392015, INDIA |
C49351422 |
|
9 |
80004914 |
31/12/1996 |
61,950,000.00 |
BANK OF BARODA |
BHARUCH, BHARUCH, GUJARAT - 392015, INDIA |
- |
|
10 |
90109371 |
31/03/1997 * |
89,000,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE BRANCH, OPPOSITE SHITAL GUEAT HOUSE; OLD N. H. NO. 8, BHARUCH, GUJARAT - 395001, INDIA |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
|
Claims against the Company not acknowledged as debts (mainly on
account of water charges) |
|
296.463 |
|
Claims in respect of employees’/ contract labour matters |
|
0.000 |
|
Income tax assessment orders contested |
|
238.917 |
|
Demands in respect of Central Excise Duty, Service Tax and VAT as
estimated by the Company |
|
943.904 |
|
Total |
NA |
1479.284 |
Note:
In respect of the above, the expected outflow will be determined at the time of final resolution of the dispute.
FIXED ASSETS:
Tangible Assets:
- Lease Hold Land
- Free Hold Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Roads, Culverts & Compound Wall
- Railway Sidings
- Water Supply & Drainage System
Intangible Assets:
- Goodwill
- Software
- License
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. 63.55 |
|
UK Pound |
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 68.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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.