MIRA INFORM REPORT

 

 

Report No. :

322472

Report Date :

15.05.2015

 

IDENTIFICATION DETAILS

 

Name :

IMPEX METAL AND FERRO ALLOYS LIMITED

 

 

Formerly Known As :

IMPEX METAL AND FERRO ALLOYS PRIVATE LIMITED

 

 

Registered Office :

35, Chittaranjan Avenue, 4th Floor, Kolkata - 700012, West Bengal

Tel. No.:

91-33-2256143 / 40168000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014      

 

 

Date of Incorporation :

31.05.1991

 

 

Com. Reg. No.:

21-051901

 

 

Capital Investment / Paid-up Capital :

Rs.109.050 Million

 

 

CIN No.:

[Company Identification No.]

U27101WB1991PLC051901

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALI01081D

 

 

PAN No.:

[Permanent Account No.]

AAACI5472K

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of ferro alloys, minerals and metals.

 

 

No. of Employees :

150 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is an established company having a moderate track.

 

The company has incurred a loss from its operations during 2014.

 

However, trade relations are fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business with some cautions.

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long term bank facilities = BB+ [Suspended]

Rating Explanation

Have inadequate credit quality and carry high credit risk.

Date

22.10.2014

 

Rating Agency Name

CARE

Rating

Short term bank facilities = A4 [Suspended]

Rating Explanation

Have Minimal degree of safety and carry very high credit risk.

Date

22.10.2014

 

 

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 31-03-2014.

 

INFORMATION PARTED BY

 

Name :

Mr. Sameer Agarwal 

Designation :

Chief Financial Officer

Contact No.:

91-8420103473

Date :

13.05.2015

 

 

LOCATIONS

 

Registered Office :

35, Chittaranjan Avenue, 4th Floor, Kolkata - 700012, West Bengal, India

Tel. No.:

91-33-2256143 / 40168000

Mobile No.:

91-9811151469  (Mr. Brij K. Singh)

91-8420103473 (Mr. Sameer Agarwal )

Fax No.:

91-33-22119805 / 40168189

E-Mail :

enquiry@ankitmetal.com

imfa@vsnl.com

secretarial@rohitferrotech.com

Website :

http://www.impexgroup.net

http://www.impexmetal.in 

 

 

Factory  :

Kulti Branch,

Budge Budge Trunk Road, PS Makeshtala, South 24 Parganas

 

 

Godown:

·         1165, Main Meerat Road, Ghajiabad – 201003 Uttar Pradesh

·         Area – 20,000 Sq. ft

 

·         AMBEYMAHICH, Mandi Govindgarh – 147301, Punjab

·         Area – 15000 Sq. ft

 

·         EE/14 B NIT, Faridabad – 121001, Haryana

·         Area – 18000 Sq. ft

 

·         Ring Road, No. 2, Raipur – 492001, Chhatisgarh

·         Area – 16000 Sq. ft

 

 

Branches :

All over India (8 Branches)

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Suresh Kumar Patni

Designation :

Managing director

Address :

15, Burduan Road, Kolkata - 700027, West Bengal, India

Date of Birth/Age :

13.07.1959

Date of Appointment :

01.04.2012

PAN No.:

AESPP2029L

DIN No.:

00032674

 

Name :

Mr. Rohit Patni

Designation :

Directors

Address :

15, Burduan Road, Kolkata-700027, West Bengal, India

Date of Birth/Age :

11.01.1984

Date of Appointment :

31.03.2007

PAN No.:

AIQPP6728E

DIN No.:

00034876

 

Name :

Rahul Bhagat

Designation :

Director

Address :

P-51/1, CIT Road Scheme – VII, 2nd Floor, Kankurgachi, Kolkata – 700054, West Bengal, India

Date of Birth/Age :

10.02.1979

Date of Appointment :

26.09.2012

PAN No.:

AGRPB411B

DIN No.:

02645285

 

Name :

Jayanta Kumar Chatterjee

Designation :

Director

Address :

Tolly Green, 205 B, NSE Bose Road, Kolkata – 700040, West Bengal, India

Date of Birth/Age :

28.10.1942

Date of Appointment :

28.06.2014

Date of Cessation :

02.12.2014

DIN No.:

00059807

 

 

Name :

Prem Narayan Khandelwal

Designation :

Director

Address :

C-63, Sector 3, Devendra Nagar, Raipur – 492001, Chhattisgarh, India

Date of Birth/Age :

18.03.1938

Date of Appointment :

30.09.2014

PAN No.:

AEVPK0849J

DIN No.:

00438367

 

 

Name :

Ankit Rungta

Designation :

Director

Address :

Merlin Heights, 1st Floor, 41 Hazara Road, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

24.09.1984

Date of Appointment :

30.09.2014

PAN No.:

ACTPR0588H

DIN No.:

06893793

 

 

KEY EXECUTIVES

 

Name :

Ritesh Naita

Designation :

Secretary

Address :

202, Jessore Road, Shyam Lake Garden, Block – B, 5th Floor, Kolkata – 700089, West Bengal, India

Date of Birth/Age :

18.07.1983

Date of Appointment :

10.02.2012

Date of cessation :

17.05.2014

PAN No.:

ACZPN7834Q

 

Name :

Vineeta Barmecha

Designation :

Secretary

Address :

Fort Residency, 38 S N Roy Road, Block – 1D, Flat 4C, Kolkata, West Bengal, India

Date of Birth/Age :

21.04.1987

Date of Appointment :

01.09.2014

PAN No.:

ARAPB4361N

 

 

Name :

Mr. Sameer Agarwal 

Designation :

Chief Financial Officer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

Suresh Kumar Patni

97340

Premlata Patni

1020

Sarita Patni

9640

Vasupujya Enterprises Private Limited, India

13300

Poddar Mech Tech Services Private Limited, India

72500

Nucore Exports Private Limited, India

179000

Patni Ankit

61400

Arthodock Vinimay Private Limited, India

78000

Whitestone Suppliers Private Limited, India

49100

Shreyansh Leafin Private Limited, India

96000

Suanvi Trading and Investment Company Private Limited, India

156200

Invesco Finance Private Limited, India

68800

VNG Mercantiles Private Limited, India

88500

 

AS ON 30.09.2014

 

Category

 

Percentage

Bodies corporate

 

84.47

Directors or relatives of Directors

 

15.44

Other top 50

 

0.09

Total

 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of ferro alloys, minerals and metals.

 

 

Products :

ITC CODE

PRODUCT

7202

Ferro Alloys

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • USA
  • Italy
  • Taiwan
  • Netherlands

 

 

Imports :

 

Products :

Raw Material

Countries :
  • South Africa
  • Vietnam
  • Bhutan

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Shree Balaji Charcoal

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 :

Reference :

Jindal Steel Limited

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 :

150 (Approximately)

 

 

Bankers :
  • State Bank of India (Lead Bank), Industrial Finance Branch, Kolkata, 11, Dr. U. N. Brahmachari Street, Kolkata - 700017, West Bengal, India
  • State Bank of Bikaner and Jaipur, Ballygunge Branch, 204, Rashbehari Avenue, Kolkata - 700029, West Bengal, India

Bank Name
  • Bank of Baroda
  • State Bank of Patiala
  • State Bank of Hyderabad

Branch

 

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

598.557

748.557

Loans taken for fixed assets

[Loans against Vehicles are secured by way of hypothecation of the underlying asset financed]

1.986

2.226

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

2655.304

2294.443

 

 

 

Total

3255.847

3045.226

 

Auditors :

 

Name :

R S P M and Company

Chartered Accountants

Address :

9 Lalbazar Street, Block A ,1st Floor, Merca, tile Building Kolkata - 700 001, West Bengal, India

PAN No.:

AADFP3681K

 

 

Subsidiary :
  • SKP Impex Pte Limited
  • SKP Overseas PTE Limited

 

 

Enterprises which are owned, or have significant

influence of or are partners

with Key management personnel and their relatives :
  • SKP Power Ventures Limited  [U40102WB2008PLC131190]
  • SKP Impex Pte Limited
  • SKP Aviation Services Limited
  • SBM Steels Private Limited
  • Sarita Steel and Power Limited
  • Rohit Ferro-Tech Limited
  • Poddar Mech Tech Services Private Limited
  • Pioneer Multimax Private Limited
  • Nutech Multimax Private Limited
  • Invesco Finance Private Limited
  • Impex Steel Limited
  • Impex Ferro Tech Limited
  • Hira Concast Limited
  • Greetamax Estates Private Limited
  • Arthodock Vinimay Private Limited
  • Ankit Metal and Power Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

1,500,000

Equity Shares

Rs.100/- each

Rs. 150.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

1,090,500

Equity Shares

Rs.100/- each

Rs. 109.050 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

109.050

109.050

86.850

(b) Reserves & Surplus

311.811

915.527

897.292

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

158.300

Total Shareholders’ Funds (1) + (2)

420.861

1024.577

1,142.442

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

625.801

754.339

922.563

(b) Deferred tax liabilities (Net)

0.000

0.000

1.619

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

625.801

754.339

924.182

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

2655.304

2294.443

1357.435

(b) Trade payables

1354.881

1611.675

980.127

(c) Other current liabilities

653.269

343.928

264.626

(d) Short-term provisions

0.000

0.000

38.000

Total Current Liabilities (4)

4663.454

4,250.046

2640.188

 

 

 

 

TOTAL

5710.116

6028.962

4706.812

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1585.507

1660.508

96.622

(ii) Intangible Assets

7.104

7.270

7.435

(iii) Capital work-in-progress

2.412

2.412

1459.244

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

4.935

4.935

0.609

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

66.284

66.110

20.296

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1666.242

1741.235

1584.206

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

31.330

29.788

28.763

(b) Inventories

1156.601

817.651

767.181

(c) Trade receivables

1577.825

1942.379

1351.778

(d) Cash and cash equivalents

328.587

325.293

251.353

(e) Short-term loans and advances

881.026

1044.330

573.592

(f) Other current assets

68.505

128.286

149.939

Total Current Assets

4043.874

4287.727

3122.606

 

 

 

 

TOTAL

5710.116

6028.962

4706.812

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue from operations

7908.503

9623.529

7820.532

 

Other Income

21.634

25.062

42.399

 

TOTAL (A)

7930.137

9648.591

7862.931

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

817.548

290.243

0.000

 

Purchases of Stock-in-Trade

6208.896

8269.178

7340.311

 

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

(192.564)

314.678

(17.627)

 

Employees benefits expense

58.544

38.841

13.928

 

Prior period items

0.000

0.000

0.000

 

Other expenses

953.946

408.867

172.932

 

TOTAL (B)

7846.370

9321.807

7509.544

 

 

 

 

 

Less

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

83.767

326.784

353.387

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

599.815

475.192

232.576

 

 

 

 

 

 

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

(516.048)

(148.408)

120.811

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

87.668

60.087

7.485

 

 

 

 

 

 

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

(603.716)

(208.495)

113.326

 

 

 

 

 

Less

TAX (H)

0.000

1.531

38.024

 

 

 

 

 

 

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

(603.716)

(210.026)

75.302

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

55.501

265.527

190.225

 

 

 

 

 

 

Balance Carried to the B/S

(548.214)

55.501

265.527

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

2084.062

2318.081

2138.207

 

TOTAL EARNINGS

2084.062

2318.081

2138.207

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

1747.897

1436.631

1554.059

 

TOTAL IMPORTS

1747.897

1436.631

1554.059

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(553.61)

(239.86)

129.82

 

Expected Sales ( 2014-2015 ) : Rs.8000.000 Million

 

The above information has been parted by Mr. Samir Agarwal.

 

 

KEY RATIOS

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin
(PAT / Sales)

(%)

(7.63)

(2.18)

0.96

 

 

 

 

Operating Profit Margin
(PBIDT/Sales)

(%)

1.06

3.40

4.52

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(10.59)

(3.46)

3.49

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

(1.43)

(0.20)

0.10

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

7.80

2.98

2.00

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

0.87

1.01

1.18

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

86.850

109.050

109.050

Reserves & Surplus

897.292

915.527

311.811

 Share Application money pending allotment

158.300

0.000

0.000

Net worth

1142.442

1024.577

420.861

 

 

 

 

long-term borrowings

922.563

754.339

625.801

Short term borrowings

1357.435

2294.443

2655.304

Total borrowings

2279.998

3048.782

3281.105

Debt/Equity ratio

1.996

2.976

7.796

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

7820.532

9623.529

7908.503

 

 

23.055

(17.821)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

7820.532

9623.529

7908.503

Profit/Loss

75.302

(210.026)

(603.716)

 

0.96%

(2.18%)

(7.63%)

 

 

 

 

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

Yes

10]

Designation of contact person

Yes

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

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

Yes

18]

Major customers

Yes

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

----

22]

Litigations that the firm / promoter involved in

Yes

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

Yes

32]

PAN of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

Yes

 

 

LITIGATION DETAILS

 

 

CALCUTTA HIGH COURT
CASE STATUS INFORMATION SYSTEM

 

Case Status    :   Pending

 

Status of TEMP APO (APOT) 446 of 2013

 

STATE OF WEST BENGAL AND ANR Vs. IMPEX METAL AND FERRO ALLOYS LTD AND ANR

 

Pet's Adv. : PARITOSH SINHA

 

Res's Adv. :

 

Court No. : 1 Last Listed On : Friday, January 10, 2014

 

Category : SALES TAX : REVENUE

 

 

CONNECTED APPLICATION (S)

CONNECTED MATTER (S)

No Connected Application.

No Connected Cases

 

Case Updated on: Tuesday, December 24, 2013

 

 

VIEW INDEX OF CHARGES

 

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10365958

22/06/2012

576,000,000.00

STATE BANK OF BIKANER & JAIPUR

BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA 
TA, WEST BENGAL - 700029, INDIA

B43847821

2

10361520

07/06/2012

600,000,000.00

STATE BANK OF HYDERABAD

COMMERCIAL BRANCH, TRINITY TOWER, GROUND FLOOR, 8 
3, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, IND 
IA

B41997198

3

10356156

28/04/2012

1,081,800,000.00

STATE BANK OF INDIA

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

B39781869

4

10344028

29/10/2014 *

1,044,200,000.00

STATE BANK OF BIKANER & JAIPUR

20B PARK STREET, KOLKATA, WEST BENGAL - 700016, IN 
DIA

C34577742

5

10320240

10/10/2012 *

3,751,800,000.00

STATE BANK OF INDIA (LEAD BANK)

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

B59861799

6

10316753

17/10/2011

150,000,000.00

STATE BANK OF BIKANER & JAIPUR

BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA 
TA, WEST BENGAL - 700029, INDIA

B24969487

7

10249460

09/08/2011 *

2,340,000,000.00

BANK OF BARODA

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

B19914902

8

10248746

24/09/2010

680,000,000.00

STATE BANK OF BIKANER & JAIPUR

BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA 
TA, WEST BENGAL - 700029, INDIA

A98459290

9

10209449

28/09/2011 *

490,000,000.00

STATE BANK OF PATIALA

MID CORPORATE BRANCH,, 8, CAMAC STRRET, SHANTINIK 
ETAN BUILDING, KOLKATA, WEST BENGAL - 700017, INDI 
A

B24697021

10

10208780

04/03/2010

340,000,000.00

STATE BANK OF BIKANER & JAIPUR

BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA 
TA, WEST BENGAL - 700029, INDIA

A81931503

 

* Date of charge modification

 

UNSECURED BORROWINGS

 

PARTICULAR

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Intercorporate borrowings

3.758

3.556

Loans and Advances from related parties

21.500

0.000

Total

25.258

3.556

 

FINANCIAL AND OPERATIONAL REVIEW

 

During the year the Company has achieved Income from Operation of Rs. 7908.503 Million registering a decline of 17.82% over previous year. The net profit of the Company has gone down by 187.45 % making Net Loss of Rs. 603.716 Million in the financial year 2013-14.

 

FIXED ASSETS

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 63.84

UK Pound

1

Rs. 100.65

Euro

1

Rs. 72.88

 

 

INFORMATION DETAILS

 

Information Gathered by :

DPA

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SNT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

2

--RESERVES

1~10

4

--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

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

29

 

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.