MIRA INFORM REPORT
|
Report No. : |
324083 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEELACHAL ISPAT
NIGAM LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, Annexe Building, IPICOL House, Janpath, Bhubaneswar – 751022, Orissa |
|
Tel. No.: |
91-674-2543741 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.03.1982 |
|
|
|
|
Com. Reg. No.: |
15-001050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6026.513 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109OR1982GOI001050 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BBNN00082F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN9433B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Selling of Pig Iron. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject us an established company having a moderate track record. The company has continuously incurring a loss from its operations and which
impacted reserves level of the company. Financial performance of the company has been adversely affected
mainly due to recessionary trend in pig iron market both in domestic as well
as in export market coupled with fall in selling prices of pig iron. The rating also takes into consideration unconditional and irrevocable
corporate guarantee extended by MMTC Limited. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities=A+ (So) |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
21.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities=D |
|
Rating Explanation |
Lowest credit quality with low prospect of |
|
Date |
21.04.2015 |
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 BY
|
Name : |
Mr. Deepak Acharya |
|
Designation : |
Manager |
|
Contact No.: |
91-674-2543741 |
|
Date : |
25.05.2015 |
LOCATIONS
|
Registered Office : |
1st Floor, Annexe Building, IPICOL House, Janpath, Bhubaneswar – 751022, Orissa, India
|
|
Tel. No. : |
91-674-2543741/ 2543354/ 2543231 |
|
Fax No. : |
91-674-2541763 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Neelachal House, Kalinga Nagar, Industrial Complex,
Duburi, Jajpur - 755026, Orissa , India |
|
Tel. No. : |
91-6726-264001-08 |
|
Fax No. : |
91-6726-264009/ 264018/ 264049 |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Gurminder Singh Gill |
|
Designation : |
Whole-time director |
|
Address : |
QRS – 103, Block – 111, Township, Duburi, Jajpur – 755026, Orissa, India |
|
Date of Birth/Age : |
23.06.1952 |
|
Date of Appointment : |
24.06.2013 |
|
DIN No. : |
03048219 |
|
|
|
|
Name : |
Mr. Depinder Singh Dhesi |
|
Designation : |
Nominee Director |
|
Address : |
53, Sector – 7, Chandigarh – 160019, India |
|
Date of Birth/Age : |
07.06.1959 |
|
Date of Appointment : |
08.10.2012 |
|
DIN No. : |
01433541 |
|
|
|
|
Name : |
Sheo Raj Jain |
|
Designation : |
Director |
|
Address : |
N-15 / 1, DLF Qutab Enclave, Phase – II, Gurgaon – 122022, Haryana,
India |
|
Date of Birth/Age : |
29.10.1934 |
|
Date of Appointment : |
13.04.1994 |
|
DIN No. : |
00364293 |
|
|
|
|
Name : |
Debiprasad Bagchi |
|
Designation : |
Nominee director |
|
Address : |
Y-165, Regency Park – II, DLF City Phase – IV, Behind Bristol Hotel,
Gurgaon, Haryana, India |
|
Date of Birth/Age : |
21.10.1942 |
|
Date of Appointment : |
21.02.2005 |
|
DIN No. : |
00061648 |
|
|
|
|
Name : |
Mr. Udai Pratap Singh |
|
Designation : |
Nominee director |
|
Address : |
D-117, 2nd floor, Pnachsheel Enclave, New Delhi – 110016,
India |
|
Date of Birth/Age : |
01.10.1958 |
|
Date of Appointment : |
28.12.2007 |
|
DIN No. : |
02043525 |
|
|
|
|
Name : |
Mr. Srinivas Gudey |
|
Designation : |
Nominee director |
|
Address : |
D/11, 223, West Kidwai Nagar, New Delhi – 110023, India |
|
Date of Birth/Age : |
10.08.1966 |
|
Date of Appointment : |
07.11.2013 |
|
DIN No. : |
02568812 |
|
|
|
|
Name : |
Mr. Govindarajan Mathivathanan |
|
Designation : |
Nominee Director |
|
Address : |
Type – 5R – 5, Unit – 1, Bhubaneswar – 751009, Khurda, Orissa, India |
|
Date of Birth/Age : |
03.01.1966 |
|
Date of Appointment : |
14.09.2012 |
|
DIN No. : |
01203901 |
|
|
|
|
Name : |
Saswata Mishra |
|
Designation : |
Nominee director |
|
Address : |
QRS No. A-4, VIP Colony Nayapalli, Bhubaneswar – 751015, Khurda, Orissa, India |
|
Date of Birth/Age : |
10.09.1973 |
|
Date of Appointment : |
25.01.2010 |
|
DIN No. : |
01724416 |
|
|
|
|
Name : |
Mr. Anand Trivedi |
|
Designation : |
Nominee director |
|
Address : |
Flat No – 2, Bhaveshwar Sagar, 20, Nepeansea Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
02.11.1959 |
|
Date of Appointment : |
21.09.2012 |
|
DIN No. : |
01077784 |
|
|
|
|
Name : |
Ved Prakash |
|
Designation : |
Nominee director |
|
Address : |
BF-63, BF Block, Janak Puri, Delhi – 110058, India |
|
Date of Birth/Age : |
12.02.1960 |
|
Date of Appointment : |
30.10.2010 |
|
DIN No. : |
02988628 |
|
|
|
|
Name : |
Madan Gopal Harpal Gupta |
|
Designation : |
Additional director |
|
Address : |
Flat No. 02, Bhaveshwar Sagar, Nepeansea Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
15.01.1957 |
|
Date of Appointment : |
18.03.2011 |
|
DIN No. : |
02200405 |
|
|
|
|
Name : |
Mr. Rabindra Singh |
|
Designation : |
Nominee director |
|
Address : |
House No – 6, Ambience Fort Attapur, Hyderguda, Hyderabad – 500048,
Telangana, India |
|
Date of Birth/Age : |
08.08.1955 |
|
Date of Appointment : |
30.08.2012 |
|
DIN No. : |
03641126 |
KEY EXECUTIVES
|
Name : |
Ms Durga Prasad Parija |
|
Designation : |
Secretary |
|
Address : |
Badam Badi, Cuttack – 753012, Orissa, India |
|
Date of Birth/Age : |
18.02.1960 |
|
Date of Appointment : |
26.06.1996 |
|
PAN No.: |
AAPPP6637H |
MAJOR SHAREHOLDERS
AS ON 22.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2014
|
Category |
Percentage |
|
Government companies |
91.98 |
|
Public financial companies |
4.45 |
|
Nationalized or other banks |
2.25 |
|
Bodies corporate |
1.32 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Pig Iron. |
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Products : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
Bank
of Baroda, BBSR Branch, 91/92 Bapuji Nagar, Bhubaneswar – 751009,
Orissa, India ·
Indian
Bank, Main Branch, G/41, Connaught Circus, New Delhi – 110001, India ·
Allahabad
Bank ·
Indian
Overseas Bank ·
Oriental
Bank of Commerce ·
State
Bank of Mysore ·
State
Bank of Travancore ·
Union
Bank of India |
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Facilities : |
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Auditors : |
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|
Name : |
C. K. Prusty and Associates Chartered Accountants |
|
Address : |
1 0, Rajarani Colony, Tankapani Road, Bhubaneswar – 751014, Orissa, India |
|
PAN No.: |
AAFFC9077L |
|
|
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|
Collaborators : |
Not Divulged |
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|
|
Membership : |
Not Divulged |
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|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000000 |
Equity Shares |
Rs.10/- each |
Rs.9000.000 Million |
|
100000000 |
Preference shares |
Rs.10/- each |
Rs.1000.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.10000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
588220143 |
Equity Shares |
Rs.10/- each |
Rs.5812.941 Million |
|
21357172 |
Preference shares |
Rs.10/- each |
Rs.213.572 Million |
|
|
|
|
|
|
|
Total |
|
Rs.6026.513
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 |
6026.513 |
6026.513 |
6026.513 |
|
(b) Reserves & Surplus |
1686.615 |
3158.781 |
3950.234 |
|
(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) |
7713.128 |
9185.294 |
9976.747 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13474.011 |
14218.507 |
15152.093 |
|
(b) Deferred tax liabilities (Net) |
9.054 |
614.126 |
963.403 |
|
(c) Other long term
liabilities |
1351.250 |
1485.049 |
1423.385 |
|
(d) long-term
provisions |
261.688 |
202.094 |
182.258 |
|
Total Non-current
Liabilities (3) |
15096.003 |
16519.776 |
17721.139 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1820.105 |
1010.771 |
1972.311 |
|
(b) Trade
payables |
6682.843 |
4584.643 |
2896.734 |
|
(c) Other
current liabilities |
5157.370 |
3447.641 |
908.803 |
|
(d) Short-term
provisions |
6.692 |
8.010 |
90.570 |
|
Total Current
Liabilities (4) |
13667.010 |
9051.065 |
5868.418 |
|
|
|
|
|
|
TOTAL |
36476.141 |
34756.135 |
33566.304 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11604.773 |
12658.339 |
13653.183 |
|
(ii)
Intangible Assets |
0.368 |
0.368 |
0.197 |
|
(iii)
Capital work-in-progress |
18136.711 |
15743.292 |
13320.685 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
809.015 |
836.897 |
791.454 |
|
(e) Other Non-current
assets |
4.001 |
5.001 |
0.000 |
|
Total Non-Current
Assets |
30554.868 |
29243.897 |
27765.519 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4118.923 |
4792.478 |
4251.930 |
|
(c) Trade
receivables |
45.321 |
71.533 |
161.565 |
|
(d) Cash
and cash equivalents |
1064.003 |
292.201 |
885.515 |
|
(e)
Short-term loans and advances |
680.711 |
347.337 |
484.635 |
|
(f) Other
current assets |
12.315 |
8.689 |
17.140 |
|
Total Current
Assets |
5921.273 |
5512.238 |
5800.785 |
|
|
|
|
|
|
TOTAL |
36476.141 |
34756.135 |
33566.304 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15498.143 |
14815.358 |
19312.166 |
|
|
|
Other Income |
53.576 |
78.643 |
197.730 |
|
|
|
TOTAL (A) |
15551.719 |
14894.001 |
19509.896 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
11745.719 |
12482.924 |
12511.355 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
792.155 |
(885.370) |
1837.095 |
|
|
|
Employee Benefits Expenses |
884.268 |
828.745 |
784.940 |
|
|
|
Other Expenses |
1446.534 |
1526.792 |
1878.060 |
|
|
|
Exceptional Items |
149.950 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
15018.626 |
13953.091 |
17011.450 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
533.093 |
940.910 |
2498.446 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1551.369 |
1023.120 |
1120.961 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(1018.276) |
(82.210) |
1377.485 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1058.962 |
1058.521 |
941.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(2077.238) |
(1140.731) |
435.866 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(605.072) |
(349.277) |
141.417 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(1472.166) |
(791.454) |
294.449 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.53) |
0.45 |
0.45 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3931.900 |
2396.078 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
(9.50) |
(5.34) |
1.52 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.44 |
6.35 |
12.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
(11.33) |
(6.00) |
2.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.27) |
(0.12) |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.49 |
1.92 |
1.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.43 |
0.61 |
0.99 |
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 |
6026.513 |
6026.513 |
6026.513 |
|
Reserves & Surplus |
3950.234 |
3158.781 |
1686.615 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9976.747 |
9185.294 |
7713.128 |
|
|
|
|
|
|
long-term borrowings |
15152.093 |
14218.507 |
13474.011 |
|
Short term borrowings |
1972.311 |
1010.771 |
1820.105 |
|
Current Maturities of Long term debt |
0.000 |
2396.078 |
3931.900 |
|
Total
borrowings |
17124.404 |
17625.356 |
19226.016 |
|
Debt/Equity
ratio |
1.716 |
1.919 |
2.493 |
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 |
19312.166 |
14815.358 |
15498.143 |
|
|
|
(23.285) |
4.609 |
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
|
19312.166 |
14815.358 |
15498.143 |
|
Profit |
294.449 |
(791.454) |
(1472.166) |
|
|
1.52% |
(5.34%) |
(9.50%) |
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 |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Bonds |
45.948 |
45.948 |
|
|
|
|
|
Total |
45.948 |
45.948 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10535838 |
17/11/2014 |
1,000,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 17, R. N. MUKHERJEE ROAD, 4TH FLOOR., KOLKATA, WEST BENGAL - 700001, INDIA |
C36519148 |
|
2 |
10526441 |
29/09/2014 |
1,800,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C30130033 |
|
3 |
10514895 |
13/06/2014 |
2,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA |
C15544109 |
|
4 |
10266372 |
16/02/2011 |
1,000,000,000.00 |
CENTRAL BANK OF INDIA |
JANPATH BRANCH, 95, JANPATH, UNIT - 3, BHUBANESWAR, ORISSA - 751001, INDIA |
B06378996 |
|
5 |
10265918 |
24/01/2011 |
4,000,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, IDCOL HOUSE, UNIT - 2, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA |
B06199442 |
|
6 |
10188798 |
17/11/2009 |
1,500,000,000.00 |
STATE BANK OF HYDERABAD |
GROUND
FLOOR, IPICOL HOUSE, JANPATH, BHUBANESWAR, |
A74646381 |
|
7 |
10163460 |
22/05/2009 |
1,250,000,000.00 |
UNION BANK OF INDIA |
CHANDRASEKHARPUR BRANCH, PLOT NO. - 1731, POST - SAINIK SCHOOL, BHUBANESWAR, ORISSA - 751005, INDIA |
A64424427 |
|
8 |
10156764 |
13/05/2009 |
2,000,000,000.00 |
INDIAN BANK |
MAIN BRANCH, G - 41,, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A62024799 |
|
9 |
10152351 |
27/03/2009 |
500,000,000.00 |
STATE BANK OF MYSORE |
BHUBANESWAR BRANCH, IDCOL HOUSE, UNIT - II, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA |
A60046208 |
|
10 |
10157941 |
23/03/2009 |
2,000,000,000.00 |
DENA BANK |
78, JANPATH, KHARAVELA NAGAR, BHUBANESWAR, ORISSA - 751001, INDIA |
A62184148 |
|
11 |
10147667 |
02/02/2009 |
1,000,000,000.00 |
ALLAHABAD BANK |
NAYAPALLI, BHUBANESWAR BRANCH, 3/1 B, IRC VILLAGE, NAYAPALLI, BHUBANESWAR, ORISSA - 751015, INDIA |
A58762121 |
|
12 |
10100850 |
04/12/2009 * |
13,543,700,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, IDCOL HOUSE, UNIT - 2, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA |
A75682682 |
|
13 |
10072956 |
17/08/2007 |
298,189,253.00 |
BANK OF BARODA |
BHUBANESWAR
MAIN BRANCH, 91/92 1ST FLOOR, BAPUJI |
A21688932 |
|
14 |
10024468 |
29/05/2009 * |
2,000,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, IDCOL HOUSE, UNIT - 2, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA |
A64336548 |
|
15 |
90080029 |
12/08/2003 * |
750,000,000.00 |
INDUSTRIAL DEVELOPMEANT BANK OF INDIA |
IDBI TOWER; WTC COMPLEX; CUFE PAREDE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
16 |
90080021 |
24/04/2009 * |
3,020,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, IDCOL HOUSE, UNIT - II, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA |
A60855160 |
|
17 |
90079976 |
12/08/2003 * |
260,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61; NEHRU PLACE, NEW DELHI, INDIA |
- |
|
18 |
90079690 |
12/10/1999 |
150,000,000.00 |
LIFFE INSURANDE CORPORATION OF INDIA |
YOGAKSHEMA,
JEEWAN BIMA MARG, MUMBAI, MAHARASHTRA |
- |
|
19 |
90079548 |
03/07/1998 |
700,000,000.00 |
INDUSTERIAL DEVELOPOMENT BANK OF INDIA |
IDBI TOWER, CUFEE PARADE, BOMBAY, ORISSA - 400005, INDIA |
- |
|
20 |
80012066 |
22/08/2006 * |
7,208,187,938.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, IDCOL HOUSE, UNIT - II, ASHOK NAGAR, BHUBANESWAR, ORISSA - 751001, INDIA |
- |
|
21 |
80012044 |
14/09/1999 * |
30,000,000.00 |
UNITED INSURANCE COMPANY LTD |
24, WHITES ROAD, CHENNAI, CHENNAI, TAMIL NADU - 600014, INDIA |
- |
|
22 |
80012045 |
14/09/1999 * |
37,500,000.00 |
THE NEW INDIA ASSURANCE COMPANY LTD |
NEW INDIA ASSURANCE BUILDING, 87, MAHATMA GANDHI ROAD, FORT MUMBAI, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
23 |
80012074 |
12/08/2003 * |
73,000,000.00 |
LIFE INSURANCE CORPORATION OF INDIA |
YOGA
KSHEMA, JEEVAN BIMA MARG, MUMBAI, MAHARASHTRA |
- |
|
24 |
80012060 |
10/06/2002 * |
200,000,000.00 |
IFCI LTD |
IFCI TOWER, 61 NEHERU PLACE, NEW DELHI, DELHI - 110019, INDIA |
- |
|
25 |
80012070 |
15/09/2003 * |
355,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE , MUMBAI, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Railway Sidings
· Bridges roads ports culverts
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.63.62 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
SPR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
35 |
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.