MIRA INFORM REPORT

 

 

Report No. :

324088

Report Date :

02.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ROHIT FERRO-TECH LIMITED

 

 

Registered Office :

35, Chittaranjan Avenue, 5th Floor, Kolkata – 700 012, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

07.04.2000

 

 

Com. Reg. No.:

21-091629

 

 

Capital Investment / Paid-up Capital :

Rs.1137.800 Million

 

 

CIN No.:

[Company Identification No.]

L27104WB2000PLC091629

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Public Limited Liability Company. The company’s Share are Listed on the Stock Exchanges.

 

 

Line of Business :

Manufacturer of Ferro Alloys and Iron and Steel Products.

 

 

No. of Employees :

40 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 6400000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is an established company having moderate track record.

 

Company has incurred loss from its operation in the year 2014.

 

Rating also takes into consideration volatility in raw material and finished good prices and dependence on cyclical steel sector.

 

Trade relations are fair. Business is active. Payment terms are slow but correct.

 

The company can be considered for business dealing with some caution.

 

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 rating = B+

Rating Explanation

Risk prone credit quality and carries very high risk.

Date

18.03.2015

 

 

Rating Agency Name

CARE

Rating

Short term rating = A4

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

13.11.2013

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Abhijit Ghosh

Designation :

Administration Department

Contact No.:

91-33-40168000

Date :

23.05.2015

 

 

 

 

LOCATIONS

 

Registered Office :

35, Chittaranjan Avenue, 5th Floor, Kolkata – 700 012, West Bengal, India

Tel. No.:

91-33-22119805/ 9806/ 9729

91-33-22110225/ 0226/ 4064 0021/ 0022

Fax No.:

91-33-22114134/ 9834/

E-Mail :

secretarial@rohitferrotech.com

pramod@rohitferrotech.com

enquiry@rohitferrotech.com

Website :

www.rohitferrotech.com

 

 

Corporate Office :

SKP House, 132A, S. P. Mukherjee Road, Kolkata - 700 026

Tel. No.:

91-33-40168000/ 8100

Fax No.:

91-33-40168189/ 8107

 

 

Factory 1 :

Bishnupur:

WBIIDC Road, P S – Bishnupur, P O Dwarika – 722 122, District – Bankura, West Bengal, India

Tel. No.:

91-3244-251170

Fax No.:

91-3244-251168

 

 

Factory 2 :

Jaipur:

Kalinganagar Industrial Complex, P O Duburi -755026, District Jaipur, Rajasthan, India  

 

 

Factory 3 :

Haldia (Under implementation)

Joynagar, P.O.: Buniaraichak, P.S.: Durgachak, District: Purba Medinipur, West Bengal, India

 

 

DIRECTORS

 

AS ON 31.03.2014

 

Name :

Mr. Suresh Kumar Patni

Designation :

Non-Executive Chairman

Qualification :

B. Com

 

 

Name :

Mr. Rohit Patni

Designation :

Managing Director    

Qualification :

BE

Date of Appointment :

27.08.2007

 

 

Name :

Mr. Dinesh Biyanee

Designation :

Executive Director (Re-appointed w.e.f. 1st April, 2014)

 

 

Name :

Mr. Jatindra Nath Rudra

Designation :

Independent / Non-Executive Director

 

 

Name :

Mr. Jayanta Chatterjee

Designation :

Independent / Non-Executive Director

 

 

Name :

Mr. Asoke Kumar Basu

Designation :

Independent / Non-Executive Director

 

 

Name :

Mr. Jay Shanker Shukla

Designation :

Independent / Non-Executive Director

 

 

KEY EXECUTIVES

 

Name :

Mr. Pradip Kumar Agarwal

Designation :

Company Secretary

 

 

Name :

Mr. Abhijit Ghosh

Designation :

Administration Department

 

 

SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Names of Shareholders

No. of Shares

Percentage of Holding

(A) Shareholding of Promoter and Promoter Group

 

 

(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

6065638

5.33

http://www.bseindia.com/include/images/clear.gifBodies Corporate

75852204

66.67

http://www.bseindia.com/include/images/clear.gifSub Total

81917842

72.00

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

81917842

72.00

(B) Public Shareholding

 

 

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifBodies Corporate

3885477

3.42

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital up to Rs.0.100 Million

14912803

13.11

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital in excess of Rs.0.100 Million

11621316

10.21

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

1438685

1.26

http://www.bseindia.com/include/images/clear.gifNon-Resident Indians

1330399

1.17

http://www.bseindia.com/include/images/clear.gifClearing Members

108286

0.10

http://www.bseindia.com/include/images/clear.gifSub Total

31858281

28.00

Total Public shareholding (B)

31858281

28.00

Total (A)+(B)

113776123

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

0

0.00

http://www.bseindia.com/include/images/clear.gif(1) Promoter and Promoter Group

0

0.00

http://www.bseindia.com/include/images/clear.gif(2) Public

0

0.00

http://www.bseindia.com/include/images/clear.gifSub Total

0

0.00

Total (A)+(B)+(C)

113776123

0.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Ferro Alloys and Iron and Steel Products.

 

 

Products :
  • Ferro Alloys
  • Iron Products
  • Steel Products

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, Credit

 

 

Purchasing :

Cash, Credit

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name :

Not Divulged

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 :

Not Divulged

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

 

 

No. of Employees :

40 (Approximately)

 

 

Bankers :
  • State Bank of India
  • State Bank of Travancore
  • State Bank of Hyderabad
  • United Bank of India
  • UCO Bank
  • Allahabad Bank
  • Canara Bank
  • Bank of Baroda
  • Punjab National Bank
  • Central Bank of India
  • Export Import Bank of India
  • Andhra Bank

 

 

 

Facilities :

SECURED LOANS

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

Long Term Borrowings

 

 

Term Loans from Banks

 

 

Rupee Term Loans

 

5884.473

Working Capital Term Loan

 

5062.861

Funded Interest Term Loan

 

896.948

Other Loans and Advances

 

 

Loans against Vehicles and Equipments

 

1.682

 

 

 

Short Term Borrowings

 

 

Working Capital Loans from Banks

 

 

Rupee Loans

 

6045.554

Other Loans and Advances

 

 

SBI Global Factors Limited under factoring facility secured against specific debts

 

71.696

 

 

 

Total

NA

17963.214

 

 

 

Auditors :

 

Name :

S. Jaykishan

Chartered Accountants

Address :

12, Ho-Chi Minh Sarani, Kolkata – 700071, West Bengal, India

Tel. No.:

91-33-40035801

Fax No.:

91-33-40035832

E-Mail :

info@sjaykishan.com

 

 

Collaborators :

Not Divulged

 

 

Membership :

Not Divulged

 

 

Wholly Owned Subsidiary (As on 31.03.2014) :
  • SKP Overseas PTE Limited

 

 

Subsidiary of SKP Overseas Pte Limited (As on 31.03.2014) :
  • PT Bara Prima Mandiri

 

 

Enterprises owned or significantly influenced by KMP or their relatives (As on 31.03.2014) :
  • Impex Metal and Ferro Alloys Limited
  • Impex Ferro Tech Limited
  • Ankit Metal and Power Limited
  • Nucore Exports Private Limited
  • Arthodock Vinimay Private Limited
  • Whitestone Suppliers Private Limited
  • Vasupujya Enterprises Private Limited
  • Marble Arch Properties Private Limited
  • SKP Power Ventures Limited
  • VNG Mercantiles Private Limited
  • Invesco Finance Private Limited
  • Poddar Mech Tech Services Private Limited
  • Suanvi Trading and Investment Co. Private Limited
  • Shreyansh Leafin Private Limited
  • Relybulls Stock Broking Private Limited
  • Sarita Steel and Power Limited
  • Shubham Complex Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital : Not Divulged

 

Issued, Subscribed & Paid-up Capital : Rs.1137.800 Million

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

150000000

Equity Shares

Rs.10/- each

Rs.1500.000 Million

 

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

113776123

Equity Shares

Rs.10/- each

Rs.1137.761 Million

 

 

 

 

 

 

a.     Reconciliation of the number of shares

 

Equity Shares

Number of Shares

Rs. in Million

Shares outstanding at the beginning of the year

80276123

802.761

Shares issued during the year

33500000

335.000

Shares outstanding at the end of the year

113776123

1137.761

 

 

 

 

b.    Terms/Rights attached to Equity Shares

 

The Company has only one class of Equity Shares having a par value of Rs.10 per share. Each holder of Equity Shares is entitled to one vote per share. In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive remaining assets of the Company after distribution of all preferential amount. The distribution will be in proportion to the number of Equity Shares held by the shareholders.

 

 

c.     Details of equity shares held by shareholders holding more than 5% shares:

 

Name of Shareholder

Number of Shares

% holding

Suanvi Trading and Investment Company Private Limited

11237501

9.88

Vasupujya Enterprises Private Limited

11359538

9.98

Invesco Finance Private Limited

11039317

9.70

Poddar Mech Tech Services Private Limited

12979933

11.41

Shreyansh Leafin Private Limited

10993150

9.66

Whitestone Suppliers Private Limited

1090765

9.59

 

 

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

1137.800

1137.761

1137.761

(b) Reserves & Surplus

1108.200

4658.030

6936.571

(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)

2246.000

5795.791

8074.332

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

14022.200

12960.048

6068.538

(b) Deferred tax liabilities (Net)

0.000

0.000

554.114

(c) Other long term liabilities

95.200

218.120

392.141

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

14117.400

13178.168

7014.793

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7826.400

6117.250

6739.892

(b) Trade payables

4253.800

2320.372

3898.606

(c) Other current liabilities

1722.900

1827.430

2092.412

(d) Short-term provisions

87.100

87.117

85.700

Total Current Liabilities (4)

13890.200

10352.169

12816.610

 

 

 

 

TOTAL

30253.600

29326.128

27905.735

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

11718.500

5392.384

5599.500

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

5464.721

3888.327

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

797.500

772.541

706.340

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

612.800

1325.109

1419.437

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

13128.800

12954.755

11613.604

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

8459.500

7883.550

8929.070

(c) Trade receivables

6077.100

4717.732

3872.902

(d) Cash and cash equivalents

174.500

332.326

519.623

(e) Short-term loans and advances

1920.700

2684.549

2091.046

(f) Other current assets

493.000

753.216

879.490

Total Current Assets

17124.800

16371.373

16292.131

 

 

 

 

TOTAL

30253.600

29326.128

27905.735

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

18754.200

24863.033

22585.446

 

 

Other Income

75.900

82.191

116.820

 

 

TOTAL                                              (A)

18830.100

24945.224

22702.266

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

9705.600

12718.168

10844.662

 

 

Purchase of Stock-in-trade

4711.500

4975.724

2138.828

 

 

Changes in Inventories of finished goods, work-in-progress and stock-in-trade

(317.100)

301.526

(214.054)

 

 

Employee Benefits Expenses

253.300

244.912

231.135

 

 

Other Expenses

5795.200

7393.513

7273.479

 

 

TOTAL                                              (B)

20148.500

25633.843

20274.050

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

(1318.400)

(688.619)

2428.216

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

1952.400

1661.130

1438.447

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

(3270.800)

(2349.7490

989.769

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

257.500

300.748

295.348

 

 

 

 

 

 

PROFIT/(LOSS) BEFORE TAX (E-F)                  (G)     

(3528.300)

(2650.4970

694.421

 

 

 

 

 

Less

TAX                                                                  (H)

0.000

(364.461)

139.120

 

 

 

 

 

 

PROFIT/(LOSS) AFTER TAX (G-H)                    (I)

(3528.300)

(2286.036)

555.301

 

 

 

 

 

Less

EXCEPTIONAL ITEMS

0.000

0.000

266.091

 

 

 

 

 

 

PROFIT/(LOSS) FOR THE YEAR

(3528.300)

(2286.036)

289.210

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

339.459

2625.495

2336.285

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

(3188.841)

339.459

2625.495

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY ON FOB

NA

8972.178

9602.611

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

NA

5116.610

5266.252

 

 

Stores & Spares

NA

39.371

32.872

 

TOTAL IMPORTS

NA

5155.981

5299.124

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(31.01)

(20.09)

3.16

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

0.000

8.872

406.791

Cash generated from operations

NA

(2859.595)

(201.253)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

PAT / Sales

(%)

(18.81)

(9.19)

2.46

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

(7.03)

(2.77)

10.75

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

(11.98)

(11.48)

2.98

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(1.57)

(0.46)

0.09

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

9.73

3.29

1.64

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.23

1.58

1.27

 

STOCK PRICES

 

Face Value

Rs.10.00

Market Value

Rs.6.58

 

 

 

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

1137.761

1137.761

1137.800

Reserves & Surplus

6936.571

4658.030

1108.200

Net worth

8074.332

5795.791

2246.000

 

 

 

 

long-term borrowings

6068.538

12960.048

14022.200

Short term borrowings

6739.892

6117.250

7826.400

Current Maturities of Long term debt

406.791

8.872

0.000

Total borrowings

13215.221

19086.170

21848.600

Debt/Equity ratio

1.637

3.293

9.728

 

 

 

 

 

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

22585.446

24863.033

18754.200

 

 

10.084

(24.570)

 

 

 

 

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

22585.446

24863.033

18754.200

Profit

555.301

(2286.036)

(3528.300)

 

2.46%

(9.19%)

(18.81%)

 

 

 

 

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

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

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

--

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

LITIGATION DETAILS:

 

CALCUTTA HIGH COURT
CASE STATUS INFORMATION SYSTEM

Case Status     :   Pending

 

Status of          TEMP APO (APOT)   518        of    2014      

 

       DCM DECOMETAL GMBH            Vs.          ROHIT FERRO TECH LTD.

 

Pet's Adv.        :   FOX & MONDAL                   

 

Res's Adv.       :       

 

Court No.        :  12    

 Last Listed On :  Thursday, October 30, 2014     

   

 

Category           :   NO CATEGORY MENTIONED

 

 

CONNECTED APPLICATION (S)
No Connected Application

 

 

CONNECTED MATTER (S)

        AP 194 of 2011

 

Case Updated on:   Thursday, October 30, 2014 

 

UNSECURED LOAN:

 

Particulars

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

Long Term Borrowings

 

 

Loans from Related Parties

 

 

From Body Corporates

 

465.350

Other Loans and Advances

 

 

Loans from Body Corporates

 

648.734

 

 

 

Total

NA

1114.084

 

 

INDEX OF CHARGE:

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10530505

22/09/2014

25,117,900,000.00

SBICAP TRUSTEE COMPANY LIMITED

202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA

C33163734

2

10528912

17/09/2014

25,117,900,000.00

SBICAP TRUSTEE COMPANY LIMITED

202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA

C32112971

3

10490709

29/03/2014

1,516,000,000.00

BANK OF BARODA

C R AVENUE BRANCH, 33, C R AVENUE BRANCH, KOLKATA, WEST BENGAL - 700012, INDIA

C03926177

4

10446751

30/08/2013

1,145,000.00

BANK OF BARODA

C. R. AVENUE (SOUTH) BRANCH, 33, C. R. AVENUE BRANCH, KOLKATA, WEST BENGAL - 700012, INDIA

B83862367

5

10422932

24/04/2013

1,300,000.00

STATE BANK OF INDIA

SMECCC, KOLKATA, 1, STRAND ROAD, 4TH FLOOR, KOLKATA, WEST BENGAL - 700001, INDIA

B74123555

6

10422283

28/03/2013

350,000,000.00

ANDHRA BANK

BALLYGUNGE BRANCH,, 87, RASH BEHARI AVENUE, KOLKATA, WEST BENGAL - 700026, INDIA

B73901308

7

10411712

27/02/2013

626,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI,

MAHARASHTRA - 400013, INDIA

B70746409

8

10410541

14/02/2013

16,487,300,000.00

UNITED BANK OF INDIA

CORPORATE FINANCE BRANCH,, 11, HEMANTA BASU SARANI, KOLKATA, WEST BENGAL - 700001, INDIA

B70341300

9

10378976

03/10/2012

1,298,600,000.00

ALLAHABAD BANK

RED CROSS PLACE BRANCH, 7, RED CROSS PLACE, KOLKATA, WEST BENGAL - 700001, INDIA

B59072389

10

10363574

21/06/2012

1,790,000,000.00

STATE BANK OF INDIA (LEAD BANK)

INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N.
BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA

B42845446

11

10364523

15/05/2012

100,000,000.00

SBI GLOBAL FACTORS LIMITED

6TH FLOOR, METROPOLITAN BUILDING, BANDRA-KURLA, COMPLEX, BANDRA(EAST), MUMBAI, MAHARASHTRA - 400051, INDIA

B43208024

12

10346018

24/03/2012

500,000,000.00

CENTRAL BANK OF INDIA

CORPORATE FINANCE BRANCH, KOLKATA, 33, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA

B36476315

13

10334509

27/12/2011

13,682,000.00

ICICI BANK LIMITED

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

B31653546

14

10317464

15/10/2011

7,930,080.00

SREI EQUIPMENT FINANCE PRIVATE LIMITED

'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA

B25224858

15

10315366

29/03/2014 *

9,292,200,000.00

STATE BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA

C03609377

16

10299700

04/08/2011

500,000,000.00

UCO BANK

FLAGSHIP CORPORATE BRANCH, 2, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA

B17886078

17

10283789

18/04/2011

7,600,000.00

L & T FINANCE LIMITED

L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA

B11997459

18

10285524

26/03/2011

500,000,000.00

ALLAHABAD BANK

RED CROSS PLACE BRANCH, 7, RED CROSS PLACE, KOLKATA, WEST BENGAL - 700001, INDIA

B12524625

19

10275446

02/03/2011

500,000,000.00

STATE BANK OF TRAVANCORE

LAKE MARKET BRANCH,, 91, RASH BEHARI AVENUE, KOLKATA, WEST BENGAL - 700026, INDIA

B09004797

20

10259095

08/01/2011

320,000,000.00

UCO BANK

FLAGSHIP CORPORATE BRANCH, 2, INDIA EXCHANGE PLACE,, KOLKATA, WEST BENGAL - 700001, INDIA

B02950343

21

10227819

08/06/2010

670,000,000.00

ALLAHABAD BANK

RED CROSS PLACE BRANCH, 7, RED CROSS PLACE, KOLKATA, WEST BENGAL - 700001, INDIA

A89325872

22

10223495

13/05/2010

300,000,000.00

CANARA BANK

SHAKESPEARE SARANI BRANCH, 21 CAMAC STREET, KOLKATA, WEST BENGAL - 700016, INDIA

A86554128

23

10225108

10/05/2010

1,400,000,000.00

UNITED BANK OF INDIA

OLD COURT HOUSE STREET BRANCH, 11, HEMANTA BASU SARANI, KOLKATA, WEST BENGAL - 700001, INDIA

A87794269

24

10221132

13/04/2010

300,000,000.00

ALLAHABAD BANK

RED CROSS PLACE BRANCH, 7, RED CROSS PLACE, KOLKATA, WEST BENGAL - 700001, INDIA

A85772143

25

10213805

30/03/2010

600,000,000.00

UCO BANK

MID CORPORATE BRANCH, 2, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA

A83626515

26

10202075

28/03/2013 *

1,220,000,000.00

STATE BANK OF HYDERABAD

PARK STREET BRANCH, PODDAR POINT (1ST FLOOR),, 113, PARK STREET,, KOLKATA, WEST BENGAL - 700016, INDIA

B74545716

27

10177030

12/08/2009

750,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, N. S. ROAD, 8, N. S. ROAD, KOLKATA, WEST BENGAL - 700001, INDIA

A70392345

28

10102778

26/03/2008

195,300,000.00

STATE BANK OF HYDERABAD

PARK STREET BRANCH, PODDAR POINT, 113 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

A37424637

29

10082062

29/03/2014 *

12,445,000,000.00

STATE BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA

C03610300

30

80048302

26/11/2005

300,000,000.00

STATE BANK OF TRAVANCORE

LAKE MARKET BRANCH, 91, RASH BEHARI AVENUE, KOLKATA, WEST BENGAL - 700026, INDIA

-

31

80048303

02/03/2011 *

1,050,000,000.00

STATE BANK OF TRAVANCORE

LAKE MARKET BRANCH,, 91, RASH BEHARI AVENUE, KOLKATA, WEST BENGAL - 700026, INDIA

B09006388

32

90248897

31/03/2011 *

600,000,000.00

STATE BANK OF HYDERABAD

PARK STREET BRANCH, 113 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA

B11228384

33

80048314

18/08/2005

100,000,000.00

STATE BANK OF TRAVANCORE

LAKE MARKET BRANCH, KOLKATA, WEST BENGAL - 700026, INDIA

-

34

90248888

17/05/2013 *

3,372,900,000.00

UNITED BANK OF INDIA

CORPORATE FINANCE BRANCH, KOLKATA, 11, HEMANTA BASU SARANI,, KOLKATA, WEST BENGAL - 700001, INDIA

B77041796

35

90245997

29/03/2014 *

8,520,800,000.00

STATE BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA

C03606548

 

*Date of modification Charges

 

 

FIXED ASSETS:

 

 

·         Factory Shed and Building

·         Office Building

·         Guest House

·         Plant and Machinery

·         Electrical Installments

·         Tools and Equipments

·         Air Conditioners

·         Office Equipments

·         Computers

·         Motors Cars

·         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, 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.63.61

UK Pound

1

Rs.97.27

Euro

1

Rs.69.63

 

 

INFORMATION DETAILS

 

Information Gathered by :

REK

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

NKT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--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

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

32

 

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.