MIRA INFORM REPORT
|
Report No. : |
349619 |
|
Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAA MAHAMAYA INDUSTRIES LIMITED (w.e.f. 03.04.2007) |
|
|
|
|
Formerly Known
As : |
MAA MAHAMAYA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh |
|
Mobile No.: |
91-9703216866 (Mr. Narayana) |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
16.06.2003 |
|
|
|
|
Com. Reg. No.: |
53-015889 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.1088.755 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106CT2003PLC015889 |
|
|
|
|
IEC No.: |
1105002446 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AADCM5858Q |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturers of Sponge Iron and Long Products. |
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|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2003 having moderate track. The company has incurred huge accumulated losses The rating also takes into consideration continuous declined in the turnover and huge borrowings recorded by the company. As per indirect source we could also find that the company has made some delays in servicing its debt obligation. However, Business is active. Payments terms are reported as slow. The company can be considered for business dealings on safe and secured trade terms and conditions. NOTE: Partial information is gathered through indirect source. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based limits: D |
|
Rating Explanation |
The company is in default or expected to be in default soon. |
|
Date |
September 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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Narayana |
|
Designation : |
General Manager |
|
Contact No.: |
91-9703216866 |
|
Date : |
13.11.2015 |
LOCATIONS
|
Registered Office : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9703216866 (Mr. Narayana) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Office/Works: |
R.G. Peta (Village) L.Kota (Mandal), Vizianagaram District - 535161, Andhra Pradesh, India |
|
Fax No.: |
91-8966-267361 |
|
E-Mail : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Ashok Kumar Agarwal |
|
Designation : |
Managing director |
|
Address : |
301, Pine Wood, Jasti Square, Pandurangapuram,
Visakhapatnam - 530023, Andhra Pradesh, India |
|
Date of Birth/Age : |
09.12.1962 |
|
Date of Appointment : |
16.06.2003 |
|
DIN No.: |
00522607 |
|
PAN No.: |
ADUPA4367R |
|
|
|
|
Name : |
Mrs. Anita Agrawal |
|
Designation : |
Director |
|
Address : |
F.No.301, 302, Pine Wood, Jastisquare, Pandurangapuram,
Beach Road, Visakhapatnam - 530003, Andhra Pradesh, India |
|
Date of Birth/Age : |
09.04.1963 |
|
Date of Appointment : |
16.06.2003 |
|
DIN No.: |
01765267 |
|
PAN No.: |
ADUPA4364N |
|
|
|
|
Name : |
Mr. Om Prakash Agrawal |
|
Designation : |
Director |
|
Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
|
Date of Birth/Age : |
31.10.1966 |
|
Date of Appointment : |
16.06.2003 |
|
DIN No.: |
01453837 |
|
|
|
|
Name : |
Mr. Ram Charan Agrawal |
|
Designation : |
Director |
|
Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
|
Date of Birth/Age : |
08.09.1956 |
|
Date of Appointment : |
15.10.2013 |
|
DIN No.: |
01413484 |
|
PAN No.: |
ADUPA4365P |
|
|
|
|
Name : |
Mr. Agrawal Vidyasagar |
|
Designation : |
Director |
|
Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
|
Date of Appointment : |
15.10.2013 |
|
DIN No.: |
01413506 |
|
PAN No.: |
ADTPA7175Q |
|
|
|
|
Name : |
Mr. Ram Gopal Agrawal |
|
Designation : |
Director |
|
Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
|
Date of Birth/Age : |
14.10.1958 |
|
Date of Appointment : |
15.10.2013 |
|
DIN No.: |
01436551 |
|
PAN No.: |
ADUPA4362L |
KEY EXECUTIVES
|
Name : |
Mr. Narayana |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kumar Agarwal |
|
40069800 |
|
Vidya Sagar Agarwal |
|
1169440 |
|
Ramcharan Agarwal |
|
4454370 |
|
Ram Gopal Agarwal |
|
6881400 |
|
Om Prakash Agarwal |
|
4236500 |
|
Anita Agarwal |
|
10203700 |
|
Pinki Agarwal |
|
2863500 |
|
Santoshidevi Agarwal |
|
2645630 |
|
Sharadadevi |
|
2048600 |
|
G V A Industries Private Limited, India |
|
21755560 |
|
Matrix Distributors Private Limited, India |
|
25000 |
|
Rimjhim Sales Agencies Private Limited, India |
|
25000 |
|
Active Vincom Private Limited, India |
|
25000 |
|
Rajhans Dealers Private Limited, India |
|
25000 |
|
Uplink Marketing Private Limited, India |
|
25000 |
|
Nivedan Realtors Private Limited, India |
|
50000 |
|
Skylight Sales Private Limited, India |
|
890000 |
|
Minolta Vyapaar Private Limited, India |
|
25000 |
|
Harmony Deal Mark Private Limited, India |
|
35000 |
|
Devgriha Promoters Private Limited, India |
|
50000 |
|
Ambika Commodeal Private Limited, India |
|
75000 |
|
Hooghly Jute Mills(Bobblli) Private Limited, India |
|
25000 |
|
Dhansagar Sales Private Limited, India |
|
25000 |
|
Sneha Residency Private Limited, India |
|
57000 |
|
Blue Sky Suppliers Private Limited, India |
|
25000 |
|
Jiwanjyothi Vinimay Private Limited, India |
|
25000 |
|
Koel Tradecom Private Limited, India |
|
11140000 |
|
True Valley Merchants Private Limited, India |
|
10620000 |
|
|
|
|
|
Total |
|
119495500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 24.09.2014
|
Category |
Percentage |
|
Bodies corporate |
37.59 |
|
Directors or relatives of Directors |
62.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Sponge Iron and Long Products. |
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|
|
|
Brand Names : |
Not Available |
|
|
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: (AS ON 31.03.2014)
|
Class of Goods |
Installed Capacity M.T. |
Actual Production M.T. |
|
Sponge Iron |
115500 |
56526.900 |
|
Billets |
118300 |
43915.948 |
|
TMT Bars |
132000 |
21656.512 |
|
Power |
20 MW |
12.74 MW |
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 : |
Andhra Bank, Lawsons Bay Colony Branch, Visakhapatnam - 530017, Andhra Pradesh, India
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S K Goyal and Associates Chartered Accountants |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ADQPG8823J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
|
|
|
|
Enterprises in
which key management personnel and their relatives interested: |
|
|
|
|
|
Associate Company: |
|
CAPITAL STRUCTURE
AS ON 24.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
121000000 |
Equity Shares |
Rs.10/- each |
Rs. 1210.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
119495500 |
Equity Shares |
Rs.10/- each |
Rs. 1194.955
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115000000 |
Equity Shares |
Rs.10/- each |
Rs. 1150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108875500 |
Equity Shares |
Rs.10/- each |
Rs. 1088.755
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 |
1088.755 |
772.370 |
754.070 |
|
(b) Reserves & Surplus |
(1028.203) |
(635.068) |
351.708 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
40.000 |
0.000 |
18.300 |
|
Total
Shareholders’ Funds (1) + (2) |
100.552 |
137.302 |
1124.078 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3367.733 |
2154.009 |
1767.814 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
161.659 |
69.189 |
64.971 |
|
(d) long-term provisions |
2.120 |
1.688 |
1.643 |
|
Total
Non-current Liabilities (3) |
3531.512 |
2224.886 |
1834.428 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
281.687 |
766.153 |
776.578 |
|
(b) Trade payables |
518.334 |
526.484 |
597.052 |
|
(c) Other current liabilities |
926.553 |
812.695 |
857.453 |
|
(d) Short-term provisions |
6.251 |
6.251 |
7.199 |
|
Total
Current Liabilities (4) |
1732.825 |
2111.583 |
2238.282 |
|
|
|
|
|
|
TOTAL |
5364.889 |
4473.771 |
5196.788 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1875.434 |
2023.490 |
2171.397 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
69.064 |
69.064 |
25.448 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
118.000 |
118.000 |
166.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
650.750 |
106.702 |
107.057 |
|
Total
Non-Current Assets |
2713.248 |
2317.256 |
2469.902 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1324.724 |
807.659 |
1141.764 |
|
(c) Trade receivables |
593.191 |
595.455 |
800.714 |
|
(d) Cash and cash equivalents |
91.800 |
152.849 |
124.550 |
|
(e) Short-term loans and
advances |
622.139 |
577.903 |
619.905 |
|
(f) Other current assets |
19.787 |
22.649 |
39.953 |
|
Total
Current Assets |
2651.641 |
2156.515 |
2726.886 |
|
|
|
|
|
|
TOTAL |
5364.889 |
4473.771 |
5196.788 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1679.759 |
2950.717 |
3844.037 |
|
|
Other Income |
17.201 |
6.165 |
20.987 |
|
|
TOTAL
(A) |
1696.960 |
2956.882 |
3865.024 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1450.684 |
2852.183 |
2649.313 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(129.126) |
66.243 |
63.871 |
|
|
Employees benefits expense |
69.629 |
70.672 |
65.567 |
|
|
Other expenses |
251.966 |
396.397 |
442.346 |
|
|
TOTAL
(B) |
1643.153 |
3385.495 |
3221.097 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
53.807 |
(428.613) |
643.927 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
296.744 |
407.797 |
459.345 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(242.937) |
(836.410) |
184.582 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
150.042 |
150.366 |
148.602 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(392.979) |
(986.776) |
35.980 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.156 |
0.000 |
8.187 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(393.135) |
(986.776) |
27.793 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1071.698) |
(84.922) |
(112.715) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(1464.833) |
(1071.698) |
(84.922) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
C I F. Value of Imports |
0.351 |
0.542 |
7.029 |
|
|
TOTAL
IMPORTS |
0.351 |
0.542 |
7.029 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.61 |
12.78 |
0.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(23.40) |
(33.44) |
0.72 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.20 |
(14.53) |
16.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.59) |
(23.02) |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.91) |
(7.19) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
36.29 |
21.27 |
2.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.02 |
1.22 |
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 |
754.070 |
772.370 |
1088.755 |
|
Reserves & Surplus |
351.708 |
(635.068) |
(1028.203) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
18.300 |
0.000 |
40.000 |
|
Net
worth |
1124.078 |
137.302 |
100.552 |
|
|
|
|
|
|
long-term borrowings |
1767.814 |
2154.009 |
3367.733 |
|
Short term borrowings |
776.578 |
766.153 |
281.687 |
|
Total
borrowings |
2544.392 |
2920.162 |
3649.420 |
|
Debt/Equity
ratio |
2.264 |
21.268 |
36.294 |
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 |
3844.037 |
2950.717 |
1679.759 |
|
|
|
(23.239) |
(43.073) |
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 |
3844.037 |
2950.717 |
1679.759 |
|
Profit |
27.793 |
(986.776) |
(393.135) |
|
|
0.72% |
(33.44%) |
(23.40%) |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF OPERATIONS:
The company has achieved sales turnover of Rs.1855.790 Million as compared to Rs. 3161.043 Million in the previous year. The Profit before Depreciation, Finance Cost and Taxation is to Rs. 53.807 Million as against the loss of Rs. 428.578 Million during the preceding year. Net loss after tax is Rs. 393.135 Million as against net loss of Rs. 986.776 Million during the previous year. During the year company has incurred loss due to lower realization of sale price, and low capacity utilization as the additional working capital facilities sanctioned were not received during the financial year 2013-14. During this year loss was reduced than the previous year by taking effective steps wherever possible.
The company has taken the required steps for effective operations in all respects and also for increasing the business of the company in coming years by way of restructure of loans taken from the Banks and by raising additional Working Capital as per the package granted by CDR.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10588227 |
15/07/2015 |
40,700,000.00 |
ANDHRA BANK |
LAWSONS BAY COLONY
BRANCH, VISAKHAPATNAM, ANDHRA P |
C62701073 |
|
2 |
10392866 |
26/10/2012 |
80,500,000.00 |
INDIAN OVERSEAS BANK |
JAGADAMBA CENTRE
BRANCH, 28-1-1/2, DABAGARDENS, V |
B64467442 |
|
3 |
10378772 |
11/09/2012 |
507,700,000.00 |
CENTRAL BANK OF INDIA |
VISAKHAPATNAM
MIDCORPORATE BRANCH, J.K. CENTRE, S |
B58986829 |
|
4 |
10366391 |
14/06/2012 |
40,000,000.00 |
BANK OF BARODA |
MID CORPORATE BRANCH,
1ST FLOOR, K.K. ROAD, MAHAV |
B44109130 |
|
5 |
10357063 |
04/04/2012 |
376,800,000.00 |
BANK OF BARODA |
MID CORPORATE
BRANCH, 1ST FLOOR,, K.K. ROAD, MAHA |
B40114134 |
|
6 |
10332066 |
29/12/2011 |
60,000,000.00 |
BANK OF BARODA |
MID CORPORATE
BRANCH, K.K.ROAD, MAHAVIR GAUSHALA |
B30635999 |
|
7 |
10249015 |
19/10/2010 |
37,500,000.00 |
BANK OF BARODA |
WHOLESALE BANKING
BRANCH, 1ST FLOOR, MAHAVIR GOUS |
A98452618 |
|
8 |
10209948 |
03/02/2010 |
973,000.00 |
INDIAN OVERSEAS BANK |
JAGADAMBA CENTRE
BRANCH, 28-1-1/2, DABAGARDENS, V |
A82068750 |
|
9 |
10091547 |
17/06/2009 * |
1,960,500,000.00 |
BANK OF BARODA (LEAD BANK) |
WHOLE SALE BANKING BRANCH,
1ST FLOOR, MAHAVIR, GA |
A65332892 |
|
10 |
10091314 |
23/01/2014 * |
3,988,800,000.00 |
BANK OF BARODA (LEAD BANK) |
MID CORPORATE BRANCH,
1ST FLOOR, K.K. ROAD, MAHAV |
B97586291 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Bank Guarantees(Net of margin) |
27.100 |
27.100 |
|
Central Excise(Under Appeal) |
15.551 |
15.551 |
|
Sales Tax (Under Appeal) |
8.811 |
10.358 |
|
|
|
|
|
In February 2008, the West Bengal Commercial Tax Department, rejected the transfer of business and Registration Certificate (under West Bengal Value Added Tax, 2003 ) to MMIL (transferee) from a Kolkata based firm which MMIL acquired via transfer agreement and in accordance with the provisions of the WB VAT provisions and the matter lies at the Kolkata High Court against the rejection of Registration Certificate in MMIL's name by the aforesaid Revenue Department. Against the said grievance company has appealed to Department to reinstate Registration |
||
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.66.14 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
-- |
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.