MIRA INFORM REPORT
|
Report No. : |
343363 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NALWA STEEL AND POWER LIMITED (w.e.f. 22.12.2006) |
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|
|
|
Formerly Known
As : |
NALWA SPONGE IRON LIMITED (w.e.f. 21.02.2002) NALWA SPONGE IRON PRIVATE LIMITED |
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Registered
Office : |
28, Najafgarh Road, New Delhi – 110015 |
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Tel. No.: |
91-77-62304889 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
24.02.1989 |
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Com. Reg. No.: |
55-035212 |
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Capital
Investment / Paid-up Capital : |
Rs. 50.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U74899DL1989PLC035212 |
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IEC No.: |
0503048224 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCN3209L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Sponge Iron, Casting machines, ladle refining furnace,
rolling mills of wire rods and TMT. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 16335700 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1989 having
fine track. Turnover and Profit of the company has sharply declined during FY
2014. However, the company possesses a decent financial profile marked by
sound net worth position and comfortable liquidity position. The ratings also take comfort from the established promoter group and
NSPL’s strong operational linkage with the associate company Jindal Steel and
Power Limited. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. In view of operational support extended by the promoters through its
vast pool of experience and resources, the company can be considered for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
03.12.2014 |
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|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short-Term Bank Facilities=A1 |
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Rating Explanation |
Very Strong degree of safety and carry
lowest credit risk |
|
Date |
03.12.2014 |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Anuj Jaiswal |
|
Designation : |
General Finance Manager |
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Contact No.: |
91-9893596589 |
|
Date : |
01.10.2015 |
LOCATIONS
|
Registered Office : |
28, Najafgarh Road, New Delhi – 110015, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9893596589 (Mr. Anuj Jaiswal) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
B-1, Executive Block Taraimal Raigarh Gharghoda Road Chattisgarh –
496001, Madhya Pradesh, India |
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Tel. No.: |
91-7762304700 (8 Lines)/ 304889 |
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Fax No.: |
91-7762-304710/ 261490 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajendra Prasad Agrawal |
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Designation : |
Additional Director |
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Address : |
Department - F and A, Jindal Steel And Power Limited, Raigarh- 496001,
Chhattisgarh, India |
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Date of Appointment : |
25.03.2015 |
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DIN No.: |
05180273 |
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Other Directorship :
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Name : |
Mr. Nirmalendu Purushottam Purohit |
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Designation : |
Director |
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Address : |
President Bunglow, Jindal Steel and Power Limited,, P.B. No.:16,
Kharsia Road,, Raigarh- 496005, Chhattisgarh, India |
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Date of Birth/Age : |
06.10.1965 |
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Qualification : |
BE
(Mechanical) |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06764427 |
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Other Directorship :
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Name : |
Mr. Sardar Singh Rathi |
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Designation : |
Whole-Time Director |
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Address : |
JG-20, Jindalgarh, Jindal Steel and Power Limited,, Kharsia Road,
Raigarh, Raigarh- 496001, Chhattisgarh, India |
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Date of Birth/Age : |
01.02.1962 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06986371 |
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|
Name : |
Mr. Vikash Mundhra |
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Designation : |
Additional director |
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Address : |
123, Flat No 4B, Bangur Avenue, Block- C, Laketown, North 24 Parganas,
Kolkata-700054, West Bengal, India |
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Date of Birth/Age : |
07.09.1979 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06985786 |
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Name : |
Mr. Nidhi Agarwal |
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Designation : |
Additional director |
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Address : |
42/1A, Kasturi Villa, Motilal Baisak Lane, Flat 2A, Kakurgachi,
Kolkata- 700054, West Bengal, India |
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Date of Birth/Age : |
28.02.1987 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06981955 |
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KEY EXECUTIVES
|
Name : |
Mr. Anuj Jaiswal |
|
Designation : |
Secretary and General Finance Manager |
|
Address : |
C/O Nalwa Steel and Power Limited, Gharghoda Road, Taraimal,
Raigarh- 496001, Chhattisgarh, India |
|
Date of Birth/Age : |
04.01.1973 |
|
Date of Appointment : |
01.05.2007 |
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PAN No.: |
ADXPJ3666R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jindal Steel and Power Limited, India |
|
2000000 |
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Opelina Finance and Investment Limited, India |
|
1350000 |
|
Gagan Infraenergy Limited, India |
|
1199970 |
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Sh. Naveen Jindal |
|
330000 |
|
Sh. Naveen Jindal |
|
120000 |
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Minerals Management Services (India) Private Limited, India |
|
10 |
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YNO Finvest Private Limited, India |
|
10 |
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Jindal Coal Private Limited, India |
|
10 |
|
Total |
|
5000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
91.00 |
|
Other
top fifty shareholders |
9.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge Iron, Casting machines, ladle refining furnace,
rolling mills of wire rods and TMT. |
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Products |
Unit |
Installed
Capacity |
Production
Capacity |
|
Sponge
Iron |
M.T. |
198000 |
198000.00 * |
|
MS Billets |
M.T. |
160000 |
132688.61 ** |
|
Wire
Rod and TMT |
M.T. |
250000 |
-- |
|
Power |
KWH |
24 |
178043356.00 |
|
Oxygen |
Cu.
M. |
799680 |
836951.00 |
|
Production
Gas Plant |
Cu.
M. |
95040000 |
-- |
|
Wire
Rod and Rib Bar |
M.T. |
-- |
150219.47*** |
|
TMT
Cut and Bend |
M.T. |
-- |
11665.42**** |
|
Fly
Ash Bricks |
Nos. |
-- |
781783.00 |
|
Ash
char |
M.T. |
-- |
78708.05 |
NOTES:
*
Includes production of 144385.397 MT on job work basis (Previous Year 152890.00
MT)
**
Includes production of 99088.711 MT on job work basis (Previous Year 106283.49
MT)
***
Includes production of 115392.14 MT on Job Work basis (Previous Year 141447.83
MT)
****
Includes production of 9636.94 MT on Job Work basis (Previous Year 5395.09 MT)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
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Bankers : |
·
State Bank of Patiala 2nd
Floor, Chanderlok Building, 36, Janpath, New Delhi - 110001, Delhi, India · Punjab National Bank ECE House: 28-A, Kasturbha Gandhi Marg, New Delhi – 110001, Delhi,
India ·
State Bank of India |
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|
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Facilities : |
|
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
S.S.Kothari
Mehta and Company Chartered Accountants |
|
Address : |
146-149, Tribhuvan Complex, Ishwar Nagar, Mathura Road, New Delhi,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS6730L |
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|
|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Jindal Steel and Power Limited, India
(L27105HR1979PLC009913) ·
Jindal Power Limited, India
(U04010CT1995PLC008985) ·
Jindal Petroleum Limited, India
(U11101DL2008PLC176261) · Jindal Realty Private Limited, India (U45201DL2005PTC140023) |
|
|
|
|
Joint venture : |
Jindal
Synfuels Limited, India (U10101DL2008PLC182677) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000
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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
5667.504 |
5295.169 |
4428.277 |
|
(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) |
5717.504 |
5345.169 |
4478.277 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
297.443 |
265.287 |
272.424 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
46.512 |
54.297 |
37.902 |
|
Total
Non-current Liabilities (3) |
343.955 |
319.584 |
310.326 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
60.082 |
100.787 |
75.888 |
|
(b)
Trade payables |
322.337 |
278.068 |
249.922 |
|
(c)
Other current liabilities |
129.514 |
116.750 |
593.910 |
|
(d)
Short-term provisions |
1.337 |
0.623 |
0.401 |
|
Total
Current Liabilities (4) |
513.270 |
496.228 |
920.121 |
|
|
|
|
|
|
TOTAL |
6574.729 |
6160.981 |
5708.724 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2567.615 |
2018.867 |
2000.755 |
|
(ii)
Intangible Assets |
3.586 |
5.100 |
3.027 |
|
(iii)
Capital work-in-progress |
157.017 |
525.501 |
145.753 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
871.955 |
2.070 |
1.108 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
381.382 |
1040.701 |
971.195 |
|
(e)
Other Non-current assets |
2.429 |
2.968 |
4.172 |
|
Total
Non-Current Assets |
3983.984 |
3595.207 |
3126.010 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1145.441 |
892.184 |
821.906 |
|
(c)
Trade receivables |
146.575 |
241.419 |
639.364 |
|
(d)
Cash and cash equivalents |
151.528 |
61.825 |
8.435 |
|
(e)
Short-term loans and advances |
1147.067 |
1361.558 |
1105.502 |
|
(f)
Other current assets |
0.134 |
8.788 |
7.507 |
|
Total
Current Assets |
2590.745 |
2565.774 |
2582.714 |
|
|
|
|
|
|
TOTAL |
6574.729 |
6160.981 |
5708.724 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4249.698 |
6119.293 |
7465.468 |
|
|
|
Other Income |
91.755 |
73.729 |
70.468 |
|
|
|
TOTAL (A) |
4341.453 |
6193.022 |
7535.936 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1000.400 |
1775.960 |
3814.677 |
|
|
|
Purchases of Stock-in-Trade |
108.779 |
105.476 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(122.555) |
177.683 |
378.059 |
|
|
|
Employees benefits expense |
257.048 |
268.353 |
209.780 |
|
|
|
Other expenses |
2385.615 |
2590.512 |
2320.806 |
|
|
|
TOTAL (B) |
3629.287 |
4917.984 |
6723.322 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
712.166 |
1275.038 |
812.614 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.456 |
14.715 |
12.315 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
703.710 |
1260.323 |
800.299 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
191.720 |
180.567 |
175.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
511.990 |
1079.756 |
624.994 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
139.656 |
212.864 |
119.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
372.334 |
866.892 |
505.683 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Consumables & Spares Parts |
64.224 |
53.046 |
51.248 |
|
|
|
Capital Goods |
5.106 |
207.964 |
0.000 |
|
|
TOTAL IMPORTS |
69.330 |
261.010 |
51.248 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
74.47 |
173.38 |
101.14 |
|
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 Flow from (used in) Operations |
884.366 |
938.070 |
1212.202 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.76 |
14.17 |
6.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
16.76 |
20.84 |
10.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.23 |
19.17 |
11.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.20 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.05 |
5.17 |
2.81 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities of
Long-term debts
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
4428.277 |
5295.169 |
5667.504 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4478.277 |
5345.169 |
5717.504 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
75.888 |
100.787 |
60.082 |
|
Total
borrowings |
75.888 |
100.787 |
60.082 |
|
Debt/Equity
ratio |
0.017 |
0.019 |
0.011 |
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 |
7465.468 |
6119.293 |
4249.698 |
|
|
|
(18.032) |
(30.552) |
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 |
7465.468 |
6119.293 |
4249.698 |
|
Profit |
505.683 |
866.892 |
372.334 |
|
|
6.77% |
14.17% |
8.76% |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10057969 |
22/08/2014 * |
400,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL BRANCH,
HOUSING BOARD COLONY,, FAUJI N |
C21263322 |
|
2 |
80032125 |
21/06/2014 * |
400,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, HOUSING BOARD COLONY,, FAUJI N |
C11531928 |
*
Date of charge modification
OVERVIEW:
Nalwa Steel and Power
Limited which commenced operations in the year 2001 and is a long product manufacturer.
It is one of the producers of sponge iron through direct reduction process and
having power plant, steel melting shop with continuous casting machine and
ladle refining furnace, rolling mills of wire roads and TMT with stelmore and
tempcore process. The corporate office is situated in New Delhi and the
manufacturing plant at Raigarh in the state of Chhattisgarh.
OPERATIONAL REVIEW:
During the year, the
company has booked sales and operational income of Rs. 44,10.400 Million,
registering decrease of 31% over the corresponding year due to lower sales,
increase in raw material cost, overheads etc. which has the parallel impact in
Profits of the Company as well.
Sponge Iron
The Company has
produced 1,98,000 MT (previous year 1,84,786 MT) including 1,44,385.38 MT
(previous year 1,52,890 MT) on job work basis, of Sponge Iron during the year
registering a growth of above 7% over previous year.
Billet
The Company has
produced 1,32,688.61 MT (previous year 1,52,030.25 MT) including 99,088.71 MT (previous
year 1,06,283.49) on job work basis, of Billet during the year registering
downfall of 13% over previous year due to material and other ancillary costs.
Wire Rod, TMT and TMT Cut and Bend
Production of Wire
Rod, TMT and TMT Cut and Bend during the year was 1,61,884.89 MT (previous year
2,01,100.59 MT) registering a shortfall of 20% which includes the production of
1,25,029.08 MT (previous year 1,46,842.92 MT) on job work basis.
Power
Your company has generated power of 1,780.43 Lacs KWH from its captive
plant registering a decrease of 2% over previous year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
Intangible Assets
·
Computer software
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 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. 65.55 |
|
|
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.