MIRA INFORM REPORT
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Report No. : |
321826 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHAMBAL FERTILISERS AND CHEMICALS LIMITED |
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Registered
Office : |
Gadepan, District Kota – 325208, Rajasthan |
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Tel. No.: |
91-744-6462162 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
07.05.1985 |
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Com. Reg. No.: |
17-003293 |
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Capital Investment
/ Paid-up Capital : |
Rs.4139.545 Million |
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CIN No.: [Company Identification
No.] |
L24124RJ1985PLC003293 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JDHC01428A |
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PAN No.: [Permanent Account No.] |
AAACC9762A |
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Legal Form : |
A Public Limited Liability Company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is Manufacturer of Urea in private sector in India and is also into the trading of fertilisers and other agri inputs. Subject is also into manufacturing of Synthetic and Cotton Yarn. Shipping Division of subject is engaged in the business of running of ships for cargo. |
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No. of Employees
: |
1369 Workers / 255 Staff / 116 Trainees (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
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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 |
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Maximum Credit Limit : |
USD 66000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. Financial position of the company seems to be sound. The ratings takes into consideration Chambal’s established position in
the Indian urea industry, strong operating efficiency and high financial
flexibility. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating=AA- |
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Rating Explanation |
Have high degree of safety and carry very
low credit risk. |
|
Date |
19.03.2015 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
Date |
19.03.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-11-41697900)
LOCATIONS
|
Registered Office / Factory 1 : |
Gadepan, District Kota – 325208, Rajasthan, India |
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Tel. No.: |
91-744-6462162 / 6462167 / 2782915 / 2934 |
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Fax No.: |
91-744-6465218 / 7455-274130 |
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E-Mail : |
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Website : |
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Administrative Office : |
6th Floor, Devika Tower, 6, Nehru Place, New Delhi – 110019, India |
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Tel. No.: |
91-11-26461162 – 63 |
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Fax No.: |
91-11-26465218/26480639 |
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E-Mail : |
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Corporate Office : |
Corporate One, 1st Floor, 5, Commercial Centre, Jasola, New
Delhi – 110025, India |
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Tel. No.: |
91-11-46581300/41697900 |
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Fax No.: |
91-11-40638679 |
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Factory 2 : |
Sai Road, Bhatouli Khurd, P.O. Baddi, Solan – 173205, Himachal
Pradesh, India |
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Tel No: |
91-1795-245285-87 |
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Email: |
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Web Site: |
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Factory 3 : |
Solaris Building No. 1, D-Wing, 4th Floor, Solaris Complex,
Saki Vihar Road, Powai, Andheri (East), Mumbai – 400072, Maharashtra, India |
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Tel No: |
91-22-28573706/5204 |
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Regional Offices
: |
Located At:
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DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. S.K. Poddar |
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Designation : |
Chairman |
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Name : |
Mr. Shayam S. Bhartia |
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Designation : |
Co-Chairman |
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Name : |
Mr. Anil Kapoor |
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Designation : |
Managing Director |
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Name : |
Mr. R. N. Bansal |
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Designation : |
Director |
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Name : |
Mr. Dipankar Basu |
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Designation : |
Director |
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Name : |
Mr. K. N. Memani |
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Designation : |
Director |
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Name : |
Mr. C.S. Nopany |
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Designation : |
Director |
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Name : |
Mr. Radha Singh |
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Designation : |
Director |
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Name : |
Mr. Marco P. A. Wadia |
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Designation : |
Director |
KEY EXECUTIVES
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SENIOR EXECUTIVES |
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Name : |
Mr. Abhay Baijal |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. A.K. Bhargava |
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Designation : |
Vice President – Works |
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Name : |
Mr. D.L. Birla |
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Designation : |
Executive President – BTM |
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Name : |
Mr. V.K. Gupta |
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Designation : |
Vice President – Marketing |
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Name : |
Mr. Vinod Mehra |
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Designation : |
President – Projects |
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Name : |
Mr. M.S. Rathore |
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Designation : |
Vice President-Legal Corporate Communication and Secretary |
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Name : |
Mr. K. Satishchandra |
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Designation : |
Executive President – India Steamship |
SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
(1) Indian |
|
|
|
|
24199232 |
5.81 |
|
|
212063771 |
50.95 |
|
|
236263003 |
56.77 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
236263003 |
56.77 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
19759828 |
4.75 |
|
|
1271896 |
0.31 |
|
|
34978029 |
8.40 |
|
|
25655435 |
6.16 |
|
|
0 |
0.00 |
|
|
81665188 |
19.62 |
|
|
|
|
|
|
10960322 |
2.63 |
|
|
|
|
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Individual shareholders holding nominal share capital up
to Rs.0.100 Million |
55680589 |
13.38 |
|
Individual shareholders holding nominal share capital in excess
of Rs.0.100 Million |
24740585 |
5.94 |
|
|
6898165 |
1.66 |
|
|
1537274 |
0.37 |
|
|
170800 |
0.04 |
|
|
5190091 |
1.25 |
|
|
98279661 |
23.61 |
|
Total Public shareholding (B) |
179944849 |
43.23 |
|
Total (A)+(B) |
416207852 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
416207852 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is Manufacturer of Urea in private sector in India and is also into the trading of fertilisers and other agri inputs. Subject is also into manufacturing of Synthetic and Cotton Yarn. Shipping Division of subject is engaged in the business of running of ships for cargo. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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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 : |
1369 Workers / 255 Staff / 116 Trainees (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S. R. Batliboi and Company Chartered Accountants |
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Branch Auditors : |
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Name : |
Singhi and Company Chartered Accountants |
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Cost Auditors : |
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Name : |
K.G. Goyal and Associates Chartered Accountants |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Joint Ventures (As
on 31.03.2014) : |
Indo Maroc Phosphore S.A. Morocco |
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Subsidiaries (As on
31.03.2014) : |
CFCL Overseas Limited, Cayman Islands Chambal Infrastructure Ventures Limited, India India Steamship Pte. Limited, Singapore India Steamship Limited, India Subsidiaries and
step-down subsidiaries of CFCL Overseas Limited CFCL Technologies Limited, Cayman Islands * CFCL Ventures Limited, Cayman Islands * ISGN Corporation, USA Subsidiaries and
step-down subsidiaries of ISGN Corporation, USA NITC GmbH (Germany) dissolved w.e.f. January 03, 2013 ISGN Solutions Inc, USA * Richmond Investors, LLC, USA * Richmond Title Genepar, LLC, USA * Richmond Title Services, LP , USA * ISGN Fulfillment Services, Inc. (Pennsylvania, USA) * ISGN Fulfillment Services, Inc (AZ, USA) * ISGN Fulfillment Agency, LLC (DE, USA) * ISGN Fulfillment Agency, of Alabama, LLC (AL, USA) dissolved w.e.f. July 30, 2013 Subsidiaries and
step-down subsidiaries of CFCL Ventures Limited ISG Novasoft Technologies Limited, India Inuva Info Management Private Limited, India Subsidiaries of
Chambal Infrastructure Ventures Limited Chambal Energy (Chhattisgarh) Limited Chambal Energy (Orissa) Limited Subsidiaries of
India Steamship Pte. Limited, Singapore India Steamship International FZE, UAE |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.4139.545 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
440000000 |
Equity Shares |
Rs.10/- each |
Rs. 4400.000 Million |
|
210000000 |
Preference shares |
Rs. 10/- each |
Rs. 2100.000 Million |
|
|
|
|
|
|
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Total
|
|
Rs.6500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
416207852 |
Equity Shares |
Rs.10/- each |
Rs.4162.079
Million |
|
2253402 |
Less : Equity Shares of, fully paid up acquired by CFCL Employees Welfare Trust (“Trust”) from the secondary market |
Rs.10/- each |
Rs.22.534 Million |
|
|
|
|
|
|
|
Total
|
|
Rs.4139.545
Million |
The Company has during the year consolidated the financial statements of CFCL Employees Welfare Trust (Trust) with the standalone financial statements of the Company as per the recent opinion of Expert Advisory Committee (EAC) of Institute of Chartered Accountant of India (issued in the month of March 2014). The Trust has acquired in the past equity shares of the Company from the secondary market for transfer to the eligible employees as per the CFCL Employees Stock Option Scheme of the Company. Consequently, the Shareholders’ Funds of the Company has been adjusted by Rs.165.692 Million i.e.
(a) downward adjustment in share capital by Rs.22.534 Million being the face value of 2,253,402 equity shares held by the Trust,
(b) downward adjustment in reserves by Rs.151.879 Million representing the purchase price in excess of face value of such equity shares; and
(c) Increase in reserves by Rs.8.721 Million towards the accumulated profits of the Trust till last year and dividend received by the Trust during the year. Further, the amount of loan of Rs.166.510 Million outstanding in the name of Trust in the books of the Company at the year end has been eliminated against the amount of loan outstanding in the name of Company appearing in the books of Trust at the year end.
Ř Reconciliation of the shares outstanding at
the beginning and at the end of the reporting period
There is no movement in the shares outstanding at the beginning and at the end of the reporting period.
Ř
Terms /
rights attached to equity shares-
The Company has only one class of shares having a par value of Rs.10 per share fully paid up. Each holder of equity shares is entitled to one vote per share and will rank pari passu with each other in all respects. The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing annual general meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after payment of all liabilities.
Ř
Details
of shareholders holding more than 5% shares in the Company
|
Name of
Shareholder |
Number of Shares |
% holding |
|
Zuari Industries Limited (formerly known as Zuari Industries Limited) |
59,015,360 |
14.18 |
|
The Hindustan Times Limited |
51,074,209 |
12.27 |
|
SIL Investments Limited |
31,813,455 |
7.64 |
|
Life Insurance Corporation of India |
27,910,373 |
6.71 |
As per the of the Company, including its register of shareholders/members, the above shareholding represents both legal and beneficial ownership of shares.
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 |
4139.545 |
4139.545 |
4162.079 |
|
(b) Reserves & Surplus |
19015.951 |
17722.534 |
15755.903 |
|
(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) |
23155.496 |
21862.079 |
19917.982 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7818.362 |
10190.853 |
11271.057 |
|
(b) Deferred tax liabilities (Net) |
4270.561 |
4188.083 |
4160.979 |
|
(c) Other long term
liabilities |
33.571 |
37.531 |
36.633 |
|
(d) long-term
provisions |
114.474 |
252.269 |
358.834 |
|
Total Non-current
Liabilities (3) |
12236.968 |
14668.736 |
15827.503 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
28791.301 |
33009.940 |
37514.095 |
|
(b) Trade
payables |
1994.695 |
1864.662 |
4835.411 |
|
(c) Other
current liabilities |
5301.573 |
5147.456 |
4604.388 |
|
(d) Short-term
provisions |
1261.535 |
1208.238 |
1707.135 |
|
Total Current
Liabilities (4) |
37349.104 |
41230.296 |
48661.029 |
|
|
|
|
|
|
TOTAL |
72741.568 |
77761.111 |
84406.514 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
26432.467 |
26307.575 |
25980.043 |
|
(ii)
Intangible Assets |
0.000 |
13.839 |
11.912 |
|
(iii)
Capital work-in-progress |
0.000 |
423.354 |
442.257 |
|
(iv)
Intangible assets under development |
0.000 |
2.040 |
0.000 |
|
(b) Non-current Investments |
4873.823 |
5603.510 |
5444.042 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
789.146 |
1682.069 |
342.109 |
|
(e) Other
Non-current assets |
143.024 |
171.116 |
146.156 |
|
Total Non-Current
Assets |
32238.460 |
34203.503 |
32366.519 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6936.832 |
6421.232 |
12267.799 |
|
(c) Trade
receivables |
30494.328 |
34404.911 |
34336.271 |
|
(d) Cash
and cash equivalents |
213.659 |
236.623 |
2247.147 |
|
(e)
Short-term loans and advances |
2032.191 |
1837.483 |
2490.157 |
|
(f) Other
current assets |
826.098 |
657.359 |
698.621 |
|
Total
Current Assets |
40503.108 |
43557.608 |
52039.995 |
|
|
|
|
|
|
TOTAL |
72741.568 |
77761.111 |
84406.514 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
88821.376 |
79818.903 |
73408.196 |
|
|
|
|
Other Income |
1350.651 |
1614.669 |
782.879 |
|
|
|
|
TOTAL (A) |
90172.027 |
81433.572 |
74191.075 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
23997.557 |
22170.705 |
18826.385 |
|
|
|
|
Purchase of Stock-in-trade |
28939.351 |
18705.856 |
31469.146 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(595.940) |
5761.676 |
(6660.481) |
|
|
|
|
Employee Benefits Expenses |
1597.617 |
1487.170 |
1405.847 |
|
|
|
|
Freight to charter-in ship |
0.000 |
2279.667 |
420.876 |
|
|
|
|
Other Expenses |
14151.500 |
23276.691 |
20762.803 |
|
|
|
|
Exceptional item |
1070.209 |
0.000 |
(119.573) |
|
|
|
|
Power & Fuel |
13702.469 |
0.000 |
0.000 |
|
|
|
|
TOTAL (B) |
82862.763 |
73681.765 |
66105.003 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7309.264 |
7751.807 |
8086.072 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
1574.864 |
1989.523 |
1298.333 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
5734.400 |
5762.284 |
6787.739 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1733.170 |
2303.058 |
2220.434 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
4001.230 |
3459.226 |
4567.305 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
1633.398 |
428.516 |
1511.180 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2367.832 |
3030.710 |
3056.125 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13908.623 |
12290.113 |
10659.190 |
||
|
|
|
|
|
|
||
|
|
REVERSAL OF
PROPOSED DIVIDEND ON EQUITY SHARES HELD BY TRUST |
NA |
8.721 |
0.000 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
|
500.000 |
500.000 |
|
|
|
|
Proposed Equity Dividend |
|
790.805 |
790.805 |
|
|
|
|
Proposed dividend on equity shares held by Trust |
|
(4.281) |
0.000 |
|
|
|
|
Tax on Proposed Equity Dividend |
|
134.397 |
134.397 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
13908.623 |
12290.113 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
FOB value of exports |
|
689.650 |
670.929 |
|
|
|
|
Dispatch money (Included in other income) |
|
20.275 |
3.377 |
|
|
|
|
Dividend income |
|
502.077 |
0.000 |
|
|
|
|
Interest |
|
0.005 |
0.081 |
|
|
|
|
Rebate on purchases |
|
177.557 |
45.032 |
|
|
|
|
Reimbursement of salary related expenses |
|
3.493 |
6.530 |
|
|
|
|
Freight & Charter hire of ships |
|
2592.400 |
1723.241 |
|
|
|
|
Recovery of Bank charges |
|
2.452 |
3.306 |
|
|
|
|
Others (Included in other income) |
|
73.680 |
63.709 |
|
|
|
TOTAL EARNINGS |
NA |
4061.589 |
2516.205 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
|
166.232 |
361.588 |
|
|
|
|
Traded Products |
|
15124.159 |
24882.589 |
|
|
|
|
Stores & spares |
|
74.789 |
106.717 |
|
|
|
|
Capital Goods |
|
30.707 |
10.418 |
|
|
|
TOTAL IMPORTS |
NA |
15395.887 |
25361.312 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
5.69 |
7.28 |
7.34 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
2.67 |
3.80 |
4.16 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.23 |
9.71 |
11.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
5.90 |
4.82 |
5.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.16 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.58 |
1.98 |
2.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.06 |
1.07 |
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 |
4162.079 |
4139.545 |
4139.545 |
|
Reserves & Surplus |
15755.903 |
17722.534 |
19015.951 |
|
|
0.000 |
0.000 |
0.000 |
|
Net
worth |
19917.982 |
21862.079 |
23155.496 |
|
|
|
|
|
|
long-term borrowings |
11271.057 |
10190.853 |
7818.362 |
|
Short term borrowings |
37514.095 |
33009.940 |
28791.301 |
|
Total
borrowings |
48785.152 |
43200.793 |
36609.663 |
|
Debt/Equity
ratio |
2.449 |
1.976 |
1.581 |
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 |
73408.196 |
79818.903 |
88821.376 |
|
|
|
8.733 |
11.279 |
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
|
73408.196 |
79818.903 |
88821.376 |
|
Profit |
3056.125 |
3030.710 |
2367.832 |
|
|
4.16% |
3.80% |
2.67% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
Short Term
Borrowings |
|
|
|
From Banks |
|
|
|
- Rupee loans |
|
440.000 |
|
- Foreign currency loans |
|
12811.930 |
|
- Packing credit foreign currency loans |
|
228.490 |
|
|
|
|
|
Total |
NA |
13480.420 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10504525 |
30/05/2014 |
28,000,000,000.00 |
STATE BANK OF INDIA |
CAG BRANCH, JAWAHAR VYPAR BHAVAN, 11TH & 12TH FLOOR, 1, TOLSTOY MARG, NEW DELHI - 110001, INDIA |
C07611924 |
|
2 |
10407079 |
04/02/2013 |
1,100,000,000.00 |
STATE BANK OF INDIA |
15, KING STREET,, LONDON EC2V 8EA, LONDON, - EC2V8EA, UNITED KINGDOM |
B69206605 |
|
3 |
10228887 |
02/12/2011 * |
700,000,000.00 |
THE BANK OF NOVA SCOTIA |
DR. GOPAL DAS BHAVAN, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B28523348 |
|
4 |
10210685 |
18/03/2011 * |
30,000,000.00 |
STATE BANK OF MYSORE |
3, 4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI - 110019, INDIA |
B09450487 |
|
5 |
10140677 |
02/12/2011 * |
860,000,000.00 |
IDBI BANK LIMITED |
IDBI
TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI, MA |
B28527950 |
|
6 |
10100441 |
30/11/2012 * |
6,314,000,000.00 |
ING BANK N.V |
15TH
FLOOR, HUNGKUK LIFE INSURANCE BUILDING, 226, |
B64716301 |
|
7 |
10046888 |
20/03/2010 * |
2,635,110,000.00 |
THE BANK OF NOVA SCOTIA ASIA LIMITED |
1
RAFFLES QUAY, #20-01 NORTH TOWER, SINGAPORE, - |
A81177917 |
|
8 |
10042724 |
21/02/2008 * |
565,760,000.00 |
SYNDICATE BANK |
59, FIRST FLOOR, SHAKUNTALA APPARTMENTS, NEHRU PLACE,, NEW DELHI, DELHI - 110019, INDIA |
A33491994 |
|
9 |
10018565 |
04/10/2007 * |
2,547,050,000.00 |
EXPORT - IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A25449448 |
|
10 |
10012357 |
04/10/2007 * |
470,000,000.00 |
STATE BANK OF MYSORE |
3,4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI- 110019, INDIA |
A25271495 |
|
11 |
10002898 |
11/01/2008 * |
2,684,500,000.00 |
THE BANK OF NOVA SCOTIA ASIA LIMITED |
1
RAFFLES QUAY, #20-01 NORTH TOWER, SINGAPORE, - |
A30214860 |
|
12 |
80025176 |
13/03/2007 * |
500,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR,, 17, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
- |
|
13 |
80035520 |
02/12/2011 * |
950,000,000.00 |
STATE BANK OF MYSORE |
NO. 3, 4 & 5, D.D.A. BUILDING, NEHRU PLACE, NEW DELHI- 110019, INDIA |
B28533222 |
|
14 |
80035521 |
02/12/2011 * |
730,000,000.00 |
ING VYSYA BANK LIMITED |
9TH FLOOR, MERCANTILE HOUSE, 15, K.G. MARG, NEW DELHI, DELHI - 110001, INDIA |
B28531127 |
|
15 |
80035522 |
02/12/2011 * |
1,000,000,000.00 |
HDFC BANK LIMITED |
M
39 CONNAUGHT PLACE, 2ND FLOOR-OUTER CIRCLE, NEW |
B28526028 |
|
16 |
80035524 |
02/12/2011 * |
1,260,000,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, 148, BARAKHAMBA ROAD,, STATESMAN HOUSE, NEW DELHI- 110001, INDIA |
B28522613 |
|
17 |
80035519 |
04/02/2013 * |
750,000,000.00 |
STATE BANK OF PATIALA |
2ND
FLOOR, CHANDRALOK BUILDING, 36, JANPATH, NEW |
B69207967 |
|
18 |
80035721 |
02/12/2011 * |
1,000,000,000.00 |
STATE BANK OF HYDERABAD |
16,
KUNDAN HOUSE, NEHRU PLACE, NEW DELHI, DELHI - |
B28532851 |
|
19 |
80035248 |
04/02/2013 * |
1,500,000,000.00 |
STATE BANK OF INDIA |
CAG BRANCH, JAWAHAR VYAPAR BHAVAN, 11TH AND 12TH FLOOR,1, TOLSTOY MARG, NEW DELHI- 110001, INDIA |
B69204956 |
|
20 |
80025177 |
04/02/2013 * |
2,500,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, GROUND FLOOR, BANK OF BARODA BUILDING, 16, SANSAD MARG, NEW DELHI- 110001, INDIA |
B69203685 |
*Date of modification Charges
FIXED ASSETS:
·
Land – Freehold
·
Land – Leasehold
·
Building
·
Leasehold Improvements
·
Railway Siding
·
Plant and Machinery
·
Equipment
·
Furniture and Fitting
·
Vehicle
·
Vehicle (On Finance
Lease)
·
Ships
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.64.05 |
|
UK Pound |
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
63 |
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.