MIRA INFORM REPORT
|
Report No. : |
346276 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
COSMIC FERRO ALLOYS LIMITED |
|
|
|
|
Formerly Known
As : |
COSMIC FERRO ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sikkim Commerce
House, 4/1, Middleton Street, Room No.406, Kolkata – 700071, West Bengal |
|
Tel. No.: |
91-33-30576563 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
23.07.2003 |
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|
|
|
Com. Reg. No.: |
21-096622 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.711 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104WB2003PLC096622 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALC03766A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC1730C |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Ferro Manganese, Silico Manganese and Slag. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2003 having
satisfactory track. Turnover and profit of the company has slightly declined during FY
2014. However, the company possesses an above average financial risk profile
marked by healthy networth base and decent liquidity position of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
03.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
03.04.2015 |
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
31-03-2015.
INFORMATION DENIED
Management Non Co-operative (91-33-30576563)
LOCATIONS
|
Registered/ Administrative Office : |
Sikkim Commerce
House, 4/1, Middleton Street, Room No.406, Kolkata – 700071, West Bengal,
India |
|
Tel. No.: |
91-33-30576563/ 64 |
|
Fax No.: |
91-33-22836553 |
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E-Mail : |
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|
Website : |
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Factory : |
Village Ghutgoria, P.O. Barjora, District Bankura – 722168, West Bengal, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Satyanarayan Bidawatka |
|
Designation : |
Director |
|
Address : |
82- 9, Ballygunge, 68, Gariahat, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
28.11.1947 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
23.07.2003 |
|
PAN No.: |
AEEPB9521B |
|
DIN No.: |
00013310 |
|
|
|
|
Name : |
Mr. Satish Kumar Birla |
|
Designation : |
Director |
|
Address : |
190-A, Manicktalla Main Road, 3rd Floor, Kankurgachi,
Kolkata-700054, West Bengal, India |
|
Date of Birth/Age : |
03.11.1963 |
|
Qualification : |
CA, CS, ICWAI, B.Com |
|
Date of Appointment : |
23.07.2003 |
|
PAN No.: |
AEAPB1094B |
|
DIN No.: |
00015809 |
|
|
|
|
Name : |
Mr. Ravi Kumar Birla |
|
Designation : |
Director |
|
Address : |
188-E, Manicktalla Main Road, Kolkata-700054, West Bengal, India |
|
Date of Birth/Age : |
05.07.1962 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
23.07.2006 |
|
PAN No.: |
AEIPB5797F |
|
DIN No.: |
00054438 |
|
|
|
|
Name : |
Mr. Vijay Kumar Birla |
|
Designation : |
Director |
|
Address : |
93, Aasha Apartments, Flat 1/C-6, 93, Deshpran Shasmal Road, Kolkata –
700033, West Bengal, India |
|
Date of Birth/Age : |
29.02.1960 |
|
Qualification : |
C.A, B.Com |
|
Date of Appointment : |
30.09.2011 |
|
PAN No.: |
ADWPB8921A |
|
DIN No.: |
00540548 |
|
|
|
|
Name : |
Mr. Raman Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
190-A, Maniktalla Main Road, 3rd Floor, Kolkata-700054, West Bengal,
India |
|
Date of Birth/Age : |
02.08.1966 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00540572 |
|
|
|
|
Name : |
Ms. Parvati Devi Birla |
|
Designation : |
Director |
|
Address : |
82/9, Ballygunge Place, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
01.11.1941 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
30.09.2011 |
|
PAN No.: |
AGUPB5324J |
|
DIN No.: |
03622806 |
|
|
|
|
Name : |
Nitai Chandra Pal |
|
Designation : |
Director |
|
Address : |
BE-29, Sector-I, Salt Lake, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
10.02.1946 |
|
Date of Appointment : |
11.09.2007 |
|
DIN No.: |
01924081 |
|
|
|
|
Name : |
Mr. Pramod Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
188-E, Manicktalla Main Road, Kolkata-700054, West Bengal, India |
|
Date of Birth/Age : |
08.06.1951 |
|
Date of Appointment : |
11.09.2007 |
|
DIN No.: |
00182583 |
|
|
|
|
Name : |
Mr. Ranendra Nath Basuroy |
|
Designation : |
Director |
|
Address : |
82- 9, Ballygunge, 68, Gariahat, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
01.02.1934 |
|
Date of Appointment : |
11.09.2007 |
|
DIN No.: |
02008327 |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
77.44 |
|
Directors or relatives of Directors |
22.56 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ferro Manganese, Silico Manganese and Slag. |
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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 : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Syndicate Bank, LIC Building, ILLACO House, 1 Brabourne Road, Kolkata - 700001, West Bengal, India · Citibank N.A, Kanak Building, 41 Chowringhee Road, Kolkata - 700071, West Bengal, India · DBS Bank Limited, Kolkata Branch, 4A, Nandalal Basu Sarani, Kolkata - 700071, West Bengal, India · ICICI Bank Limited, Land Mark, Race Course Circle, Vadodara – 390007, Gujarat, India |
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Facilities : |
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Auditors : |
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|
Name : |
B. Jain And Company Chartered Accountants |
|
Address : |
2, Ashutosh Mukherjee Road, 4th Floor, Kolkata
– 700020, West Bengal, India |
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PAN No.: |
ACQPJ9965K |
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|
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Related parties
where common control exists : |
· Apollo Vinimay Private Limited · Archana Impex Private Limited · Aar Ess Homes Private Limited · Adarsh Engineering · Adarsh Techno Com Private Limited · Maxworth Industries · Archana Industries · Pragati Realtors Private Limited · Cosmic Engineers |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10071125 |
Equity Shares |
Rs.10/- each |
Rs.100.711 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 |
100.711 |
97.475 |
89.200 |
|
(b) Reserves & Surplus |
729.895 |
665.030 |
576.399 |
|
(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) |
830.606 |
762.505 |
665.599 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
278.096 |
149.145 |
99.877 |
|
(b) Deferred tax liabilities (Net) |
81.952 |
83.010 |
80.368 |
|
(c) Other long term
liabilities |
126.254 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.039 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
490.341 |
232.155 |
180.245 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
531.020 |
301.845 |
187.162 |
|
(b) Trade
payables |
839.476 |
784.669 |
688.752 |
|
(c) Other
current liabilities |
460.142 |
376.436 |
325.072 |
|
(d) Short-term
provisions |
95.319 |
79.781 |
67.789 |
|
Total Current
Liabilities (4) |
1925.957 |
1542.731 |
1268.775 |
|
|
|
|
|
|
TOTAL |
3246.904 |
2537.391 |
2114.619 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
559.526 |
592.770 |
622.192 |
|
(ii)
Intangible Assets |
0.338 |
0.419 |
0.000 |
|
(iii)
Capital work-in-progress |
688.885 |
271.445 |
150.006 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.100 |
1.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
20.561 |
27.060 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
2.446 |
|
Total Non-Current
Assets |
1269.360 |
891.794 |
775.644 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
987.553 |
836.241 |
655.159 |
|
(c) Trade
receivables |
417.366 |
313.910 |
219.786 |
|
(d) Cash
and cash equivalents |
203.480 |
165.973 |
247.832 |
|
(e)
Short-term loans and advances |
211.536 |
220.342 |
130.866 |
|
(f) Other
current assets |
157.609 |
109.131 |
85.332 |
|
Total
Current Assets |
1977.544 |
1645.597 |
1338.975 |
|
|
|
|
|
|
TOTAL |
3246.904 |
2537.391 |
2114.619 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3276.462 |
3420.072 |
2852.264 |
|
|
|
Other Income |
24.330 |
28.164 |
48.996 |
|
|
|
TOTAL (A) |
3300.792 |
3448.236 |
2901.260 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1827.862 |
1803.238 |
1603.464 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(19.825) |
31.823 |
(41.692) |
|
|
|
Employees benefits expense |
90.492 |
86.206 |
76.339 |
|
|
|
Other expenses |
1196.571 |
1344.817 |
1132.860 |
|
|
|
TOTAL (B) |
3095.100 |
3266.084 |
2770.971 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
205.692 |
182.152 |
130.289 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
119.309 |
95.162 |
71.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
86.383 |
86.990 |
58.460 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
36.844 |
36.602 |
35.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
49.539 |
50.388 |
22.607 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.327 |
6.443 |
6.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
42.212 |
43.945 |
15.837 |
|
|
|
|
|
|
|
|
|
Add |
Previous Years’
Balance Brought Forward |
310.786 |
266.841 |
251.004 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
352.998 |
310.786 |
266.841 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1456.013 |
1919.181 |
0.000 |
|
|
|
Interest Earnings |
0.000 |
0.000 |
1593.618 |
|
|
|
Other Earnings |
0.058 |
0.058 |
0.000 |
|
|
TOTAL EARNINGS |
1456.071 |
1919.229 |
1593.618 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.33 |
4.86 |
1.78 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
111.202 |
63.004 |
54.094 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
181.005 |
(82.597) |
314.942 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.29 |
1.28 |
0.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.28 |
5.33 |
4.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.94 |
2.22 |
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.07 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.11 |
0.67 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.07 |
1.06 |
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 |
89.200 |
97.475 |
100.711 |
|
Reserves & Surplus |
576.399 |
665.030 |
729.895 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
665.599 |
762.505 |
830.606 |
|
|
|
|
|
|
long-term borrowings |
99.877 |
149.145 |
278.096 |
|
Short term borrowings |
187.162 |
301.845 |
531.020 |
|
Current Maturities of Long term debt |
54.094 |
63.004 |
111.202 |
|
Total
borrowings |
341.133 |
513.994 |
920.318 |
|
Debt/Equity
ratio |
0.513 |
0.674 |
1.108 |
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 |
2852.264 |
3420.072 |
3276.462 |
|
|
|
19.907 |
(4.199) |
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
|
2852.264 |
3420.072 |
3276.462 |
|
Profit |
15.837 |
43.945 |
42.212 |
|
|
0.56% |
1.28% |
1.29% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10533015 |
31/05/2014 |
2,694,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C34724013 |
|
2 |
10448357 |
28/08/2013 |
200,000,000.00 |
CITIBANK N.A |
KANAK BUILDING, 41 CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
B84698109 |
|
3 |
10425538 |
16/04/2013 |
100,000,000.00 |
DBS BANK LTD. |
4A, NANDALAL BASU SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
B75075689 |
|
4 |
10421087 |
02/05/2013 * |
110,000,000.00 |
DBS BANK LTD. |
4A, NANDALAL BASU SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
B78061678 |
|
5 |
10387729 |
16/04/2013 * |
220,000,000.00 |
DBS BANK LTD. (ACTING AS SECURITY TRUSTEE ON BEHALF OF DBS BANK SINGAPORE) |
4A, NANDALAL BASU SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
B74026261 |
|
6 |
10344521 |
05/07/2013 * |
100,000,000.00 |
DBS BANK LTD. |
KOLKATA BRANCH, 4A, NANDALAL BASU SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
B78906211 |
|
7 |
10297774 |
29/06/2011 |
180,000,000.00 |
ICICI BANK LIMITED |
3A, GURUSADAY ROAD, 2ND FLOOR, KOLKATA, WEST BENGAL - 700019, INDIA |
B17060237 |
|
8 |
10232915 |
24/06/2010 |
435,000,000.00 |
BANK OF BARODA |
INDIA EXCAHNGE BRANCH, 4, INDIA ECHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA |
A91642678 |
|
9 |
10214439 |
03/03/2010 |
55,000,000.00 |
THE FEDERAL BANK LIMITED |
BALLYGUNGE BRANCH, 1/D MANDIVILLE GARDEN, KOLKATA, WEST BENGAL - 700019, INDIA |
A83841049 |
|
10 |
10169336 |
06/01/2015 * |
1,789,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1, MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA |
C42243519 |
|
11 |
10089349 |
08/01/2008 |
110,000,000.00 |
THE FEDERAL BANK LIMITED |
BALLYGUNGE BRANCH, 1/D, MANDIVILLE GARDENS, KOLKATA, WEST BENGAL - 700019, INDIA |
A32376964 |
|
12 |
10066677 |
04/09/2007 |
35,000,000.00 |
THE FEDERAL BANK LIMITED |
BALLYGUNGE BRANCH, 1/D, MANDIVILLE GARDEN, KOLKATA, WEST BENGAL - 700019, INDIA |
A22199624 |
|
13 |
10047275 |
26/02/2007 |
25,500,000.00 |
SYNDICATE BANK |
42, G. T. ROAD (SOUTH), HOWRAH, HOWRAH, WEST BENGAL - 711101, INDIA |
A13136767 |
|
14 |
80010497 |
09/09/2010 * |
477,000,000.00 |
THE FEDERAL BANK LIMITED |
BALLYGUNGE BRANCH, 1/D MANDIVILLE GARDEN, KOLKATA, WEST BENGAL - 700019, INDIA |
A96865381 |
|
15 |
80023521 |
04/02/2015 * |
2,215,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1, MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA |
C42566513 |
|
16 |
80028753 |
08/10/2013 * |
215,000,000.00 |
SYNDICATE BANK |
LIC BUILDING, ILLACO HOUSE, 1BRABOURNE ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
B88371976 |
|
17 |
80023531 |
10/11/2008 * |
931,600,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, N. S. ROAD,, 8, N. S. ROAD , GILLANDER HOUSE, KOLKATA, WEST BENGAL - 700001, INDIA |
A51749109 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Buildings
· Factory building
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
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.64.82 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.