MIRA
INFORM REPORT
|
Report No. : |
350765 |
|
Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BDG METAL AND POWER LIMITED (w.e.f 12.01.2009) |
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|
|
|
Formerly known
as : |
BISHAN DAYAL GOYAL AND SONS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
HMP House 4, Fairly Place, 5th Floor, Kolkata - 700001, |
|
Tel. No.: |
91-33-40059029/40059000 |
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Country : |
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|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
05.03.1999 |
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|
|
|
Com. Reg. No.: |
21-088908 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 66.766 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB1999PLC088908 |
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|
|
|
IEC No.: |
0205031269 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCB2298Q |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Exporter, Supplier and Manufacturer of Tmt bars, Ms Angels, Channels,
Silica Manganese, Non Alloy Billet, Light Structural Steel, and Fabricated. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
BDG Metal and Power Limited is promoted by the Goyal family of
Kolkata. It is well-established company having satisfactory track record. The rating on company reflects its healthy financial risk profile,
marked by healthy debt protection metrics and gearing, and funding support
from its promoters. The rating also factor in the company’s established market position,
supported by its promoters extensive experience in the steel industry, and
its moderate operating efficiency backed by partially integrated operations. This rating strength is partially offset by company’s susceptibility
to intense competition and cyclicality in the steel industry. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealings with usual trade
term 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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL Rating |
|
Rating |
Long Term Rating “ BBB” |
|
Rating Explanation |
Moderate Degree of default and Carry
Moderate Credit Risk |
|
Date |
May 13, 2015 |
|
Rating Agency Name |
CRISIL Rating |
|
Rating |
Short Term Rating “A3+” |
|
Rating Explanation |
Moderate Degree of default and Higher Credit
Risk |
|
Date |
May 13, 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 DENIED BY
|
Name : |
Mr. Dilip Kumar Choraria |
|
Designation : |
Finance Department |
|
Contact No.: |
91-33-40059029 |
|
Date : |
19.11.2015 |
LOCATIONS
|
Registered Office : |
HMP House 4, Fairly Place, 5th Floor, Kolkata - 700001,
West Bengal, India |
|
Tel. No.: |
91-33-40059029/40059000 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
91-33-40059019 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Alok Goyal |
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Designation : |
Whole-Time Director |
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Address : |
5, Camac Street, 6th Floor, Kolkata - 700017, West Bengal, India |
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Date of Birth/Age : |
05.10.1974 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
00615582 |
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Other Directorship :
|
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Name : |
Mr. Dilip Kumar Choraria |
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Designation : |
Whole-Time Director |
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Address : |
Tulsi Manjari Apartment, 4th Floor, Flat-17, 293/1, Dum Dum Road, Kolkata - 700074, West Bengal, India |
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Date of Birth/Age : |
01.01.1956 |
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Date of Appointment : |
15.07.2010 |
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DIN No.: |
02991826 |
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Other Directorship :
|
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|
Name : |
Mr. Somnath Bhattacharyya |
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Designation : |
Whole-Time Director |
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Address : |
T-7, F-6C, Diamond City West, 18, Ho-Chi-Minh Sarani, Thakurpukur, Kolkata - 700061, West Bengal, India |
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Date of Birth/Age : |
07.07.1956 |
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Date of Appointment : |
06.08.2014 |
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DIN No.: |
03597010 |
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Other Directorship :
|
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|
Name : |
Mr. Sushila Devi Agarwala |
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Designation : |
Director |
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|
Address : |
5, Camac Street, 6th Floor, Kolkata - 700017, West Bengal, India |
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Date of Appointment : |
30.09.2015 |
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DIN No.: |
00618983 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Jai Prakash Bhatt |
|
Designation : |
Secretary |
|
Address : |
Tower B1, 5th Floor, Unit 3&4, 98 Christopher Road, Kolkata - 700046, West Bengal, India |
|
Date of Birth/Age : |
05.04.1950 |
|
PAN No.: |
AEAPB2475C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
DETAIL OF SHAREHOLDERS FILE IS ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
96.26 |
|
Directors or relatives of Directors |
3.74 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Supplier and Manufacturer of TMT Bars, Ms Angels, Channels, Silica
Manganese, Non Alloy Billet, Light Structural Steel and Fabricated. |
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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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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S. Dhar and Associates Chartered Accountants |
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Address : |
9/7, Fern Road, Ballygunge, Kolkata – 700019, West Bengal, India |
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PAN No. of
Auditors Firm: |
ADUPD2514M |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates Concerns : |
·
B.D. Castings Limited ·
Hindustan Steel Industries ·
Mohata Coal Company Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,676,595 |
Equity Shares |
Rs.10/- each |
Rs. 66.766 Million |
|
|
|
|
|
AFTER 30.09.2014
Authorised Capital : Rs. 80.000 Million.
Issued, Subscribed & Paid-up Capital : Rs. 71.765
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 |
66.766 |
59.266 |
58.046 |
|
(b) Reserves & Surplus |
716.014 |
590.669 |
550.588 |
|
(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) |
782.780 |
649.935 |
608.634 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
377.266 |
505.562 |
669.113 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.863 |
|
(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) |
377.266 |
505.562 |
669.976 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
724.867 |
720.163 |
612.807 |
|
(b) Trade payables |
758.174 |
495.453 |
595.790 |
|
(c) Other current
liabilities |
313.734 |
327.922 |
208.814 |
|
(d) Short-term provisions |
8.317 |
12.841 |
6.825 |
|
Total Current Liabilities (4) |
1805.092 |
1556.379 |
1424.236 |
|
|
|
|
|
|
TOTAL |
2965.138 |
2711.876 |
2702.846 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
938.271 |
1029.736 |
1157.183 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
97.571 |
28.417 |
0.000 |
|
(iv) Intangible
assets under development |
11.091 |
7.340 |
5.910 |
|
(b) Non-current Investments |
19.333 |
19.333 |
19.238 |
|
(c) Deferred tax assets (net) |
8.884 |
4.189 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1075.150 |
1089.015 |
1182.331 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
766.565 |
485.431 |
650.598 |
|
(c) Trade receivables |
775.017 |
679.657 |
346.218 |
|
(d) Cash and cash
equivalents |
126.201 |
106.930 |
162.180 |
|
(e) Short-term loans and
advances |
222.205 |
350.843 |
361.519 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1889.988 |
1622.861 |
1520.515 |
|
|
|
|
|
|
TOTAL |
2965.138 |
2711.876 |
2702.846 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5658.826 |
6328.905 |
4825.128 |
|
|
Other Income |
2.269 |
0.060 |
1.293 |
|
|
TOTAL SALES |
5661.095 |
6328.965 |
4826.421 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2550.258 |
2512.294 |
2168.066 |
|
|
Purchases of
Stock-in-Trade |
1696.064 |
2394.062 |
1245.423 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(158.563) |
52.521 |
(12.083) |
|
|
Employees benefits
expense |
28.303 |
21.184 |
18.899 |
|
|
Other expenses |
1270.010 |
1038.556 |
1056.629 |
|
|
TOTAL EXPENSES |
5386.072 |
6018.617 |
4476.934 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
275.023 |
310.348 |
349.487 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
98.566 |
128.922 |
158.396 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
176.457 |
181.426 |
191.091 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
134.889 |
151.362 |
171.551 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
41.568 |
30.064 |
19.540 |
|
|
|
|
|
|
|
Less |
TAX |
(16.278) |
0.963 |
6.234 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
57.846 |
29.101 |
13.306 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
7.23 |
4.91 |
2.29 |
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 |
|
Cash generated from (Used) operations |
162.236 |
88.893 |
(175.537) |
|
Cash generated from Operating Activities |
247.772 |
205.905 |
(41.939) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.02 |
0.46 |
0.28 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.86 |
4.90 |
7.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.47 |
1.13 |
0.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.05 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41 |
1.89 |
2.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.04 |
1.07 |
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 |
58.046 |
59.266 |
66.766 |
|
Reserves & Surplus |
550.588 |
590.669 |
716.014 |
|
Net
worth |
608.634 |
649.935 |
782.780 |
|
|
|
|
|
|
long-term borrowings |
669.113 |
505.562 |
377.266 |
|
Short term borrowings |
612.807 |
720.163 |
724.867 |
|
Total
borrowings |
1281.920 |
1225.725 |
1102.133 |
|
Debt/Equity
ratio |
2.106 |
1.886 |
1.408 |
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 |
4825.128 |
6328.905 |
5658.826 |
|
|
|
31.166 |
(10.588) |
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
|
4825.128 |
6328.905 |
5658.826 |
|
Profit |
13.306 |
29.101 |
57.846 |
|
|
0.28% |
0.46% |
1.02% |
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 |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS:
Status of COMPANY PETITIONS (CP)
435 OF
2014
RE: C.P. ISPAT PVT LTD - AND- Vs. RE: BDG METAL
ANDPOWER LTD
Pet’s Adv. : SANDERSONS AND MOGANS
Res’s Adv. :
Court No. : 23
last Listed On: Monday, May 04,
2015
Category : NO CATEGORY MENTIONED
CONNECTED
APPLICATION (S) CONNECTED MATTER
(S)
NO
Connected Application.
No Connected Vases.
Case
Updated on: Thursday, April 30, 2015
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
80013916 |
12/11/2015
* |
2,534,900,000.00 |
INDIAN
BANK |
3A HARE
STREET, STRAND ROAD BRANCH, 1ST FLOOR, KOLKATA, WEST BENGAL - 700001, INDIA |
C70253810 |
FIXED ASSETS
· Land and Building
· Furniture’s and Fixtures
· Office Equipment
· Computer
· Vehicles
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. 66.39 |
|
|
1 |
Rs. 100.45 |
|
Euro |
1 |
Rs. 70.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.