MIRA
INFORM REPORT
|
Report No. : |
346660 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TATA METALIKS DI PIPES LIMITED (w.e.f 30.12.2013) |
|
|
|
|
Formerly Known
As : |
TATA METALIKS KUBOTA PIPES LIMITED |
|
|
|
|
Registered
Office : |
Tata Centre, 10th Floor, 43, |
|
Tel. No.: |
33-66134205 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
16.10.2007 |
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|
Com. Reg. No.: |
21-119673 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.2214.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U27101WB2007PLC119673 |
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|
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IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALT04460B |
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|
|
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PAN No.: [Permanent Account No.] |
AACCT7743A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Ductile Iron Pipes. |
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|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Tata Metaliks DI Pipes Limited (TMDIPL), formerly known as Tata Metaliks Kubota Pipes Limited, started as a joint venture between Tata Metaliks Limited and Kubota Corporation, Japan in October 2007. Further, the company became a wholly owned subsidiary of Tata Metaliks Limited, a Tata Steel group company during FY14 and accordingly name of the company has changed to the current name as on the date 5th December 2013. As per the available financials of the year 2014, the company has reported accumulated losses from its operations in FY14, which has resulted in partial erosion of the networth position. Further, it has leveraged capital structure. However, sales revenue base of the company is decent. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of recently changed holdings and as a part of Tata Steel group, the company can be considered normal business dealings with 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 |
ICRA |
|
Rating |
Fund based bank facilities: A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
September 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based bank facilities: A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
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
MANAGEMENT NON CO-OPERATIVE (91-33-66134205/91-11-23327072)
LOCATIONS
|
Registered/ Head Office : |
Tata Centre, 10th Floor, 43, J.L. Nehru Road, Kolkata –
700071, West Bengal, India |
|
Tel. No.: |
91-33-66134205/ 250 |
|
Fax No.: |
91-33-22884372 |
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E-Mail : |
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|
Website : |
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|
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|
Production Unit : |
PO - Samraipur, Kharagpur, District - Paschim Medinipur – 721301, West
Bengal, India |
|
Tel. No.: |
91-3222-252383 |
|
Fax No.: |
91-3222-252363 |
|
|
|
|
Marketing & Sales Office : |
6/1 A Middleton Street, 1st Floor, Kolkata - 700071, West Bengal,
India |
|
Tel. No.: |
91-33-64591384 / 85 |
|
Fax No.: |
91-33-22820781 / 22884372 |
|
E-Mail : |
DIRECTORS
AS ON 10.09.2014
|
Name : |
Mr. Sudhin Mitter |
|
Designation : |
Whole-time director |
|
Address : |
Flat No 5d, Block 1, West Wind, 78, Raja S.C. Mullick
Road, Kolkata - 700084, West Bengal, India |
|
Date of Birth/Age : |
26.07.1957 |
|
Date of Appointment : |
20.11.2012 |
|
DIN No.: |
02931677 |
|
PAN No.: |
AEUPM0664G |
|
|
|
|
Name : |
Mr. Ashok Kumar Basu |
|
Designation : |
Director |
|
Address : |
Gd-282,Sector -III ,Salt Lake, Kolkata, Kolkata, 700106,
West Bengal, India |
|
Date of Birth/Age : |
22.06.1954 |
|
Date of Appointment : |
15.04.2013 |
|
DIN No.: |
01411191 |
|
|
|
|
Name : |
Mr. Sanjiv Paul |
|
Designation : |
Director |
|
Address : |
3, Hulang Road, Kaiser Bungalows, Kadma, Jamshedpur -
831005, Jharkhand, India |
|
Date of Birth/Age : |
16.03.1963 |
|
Date of Appointment : |
17.10.2007 |
|
DIN No.: |
00086974 |
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|
|
|
Name : |
Mr. Krishnava Satyaki Dutt |
|
Designation : |
Director |
|
Address : |
12 H Block, New Alipore, Kolkata - 700053, West Bengal,
India |
|
Date of Birth/Age : |
16.10.1973 |
|
Date of Appointment : |
16.06.2014 |
|
DIN No.: |
02792753 |
|
|
|
|
Name : |
Samita Jigar Shah |
|
Designation : |
Director |
|
Address : |
I-13, Plot-85, I Maker Tower, G D Somani Marg, Cuffe Parade,
Mumbai - 400005, Maharashtra, India |
|
Date of Appointment : |
26.03.2015 |
|
DIN No.: |
02350176 |
KEY EXECUTIVES
|
Name : |
Mr. Chitra Paul |
|
Designation : |
Secretary |
|
Address : |
1,Hari Bose Lane, Kolkata - 700006, West Bengal, India |
|
Date of Appointment : |
28.07.2015 |
|
PAN No: |
AFLPP8278D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.09.2014
|
Names of Shareholders |
No. of Shares
(Equity Shares ) |
No. of Shares (Preference
Shares) |
|
Sudhin Mitter |
1 |
-- |
|
Tata Metaliks Limited, India |
179400001 |
4200000 |
|
Shubhra Sengupta |
1 |
-- |
|
Shankar Bhattacharya |
1 |
-- |
|
Rajesh Mishra |
1 |
-- |
|
Debasish Mishra |
1 |
-- |
|
Subhasish Dey |
1 |
-- |
|
Total |
179400007 |
4200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 10.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ductile Iron Pipes. |
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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
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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 : |
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Facilities : |
(Rs.
In Million)
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|
Banking
Relations : |
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|
|
|
|
Financial Institute: |
Tata Capital Financial Services Limited, One Forbes,, Dr. V.
B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Bengal Intelligent Park, Building Alpha, 1st Floor, Block - EP & GP, Sector V, Salt Lake Electronics Complex, Kolkata -700091, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFD5357J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Promoter Company/Ultimate
parent: |
· Tata Steel Limited, India [L27100MH1907PLC000260] |
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|
|
|
Promoter
Company/Immediate parent: |
· Tata Metaliks Limited, India [L27310WB1990PLC050000] |
|
|
|
|
Promoter Company
holding more than 20% [upto 9 April 2013]: |
· Kubota Corporation |
|
|
|
|
Promoter
Company/Joint venturer [upto 9 April 2013]: |
· Metal One |
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Fellow Subsidiary: |
· Jamshedpur Utilities and Services Company Limited, India [U45200JH2003PLC010315] · TKM Global Logistics Limited, India [U51109WB1991PLC051941] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
183000000 |
Equity Shares |
Rs.10/- each |
Rs. 1830.000 Million |
|
4200000 |
Preference Shares |
Rs.100/- each |
Rs. 420.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
179400007 |
Equity Shares |
Rs.10/- each |
Rs. 1794.000 Million |
|
4200000 |
Preference Shares |
Rs.100/- each |
Rs. 420.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2214.000
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 |
2214.000 |
1864.000 |
1794.000 |
|
(b) Reserves & Surplus |
(2130.064) |
(1838.823) |
(1245.221) |
|
(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) |
83.936 |
25.177 |
548.779 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
650.820 |
1009.559 |
905.890 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.538 |
6.406 |
3.925 |
|
Total
Non-current Liabilities (3) |
662.358 |
1015.965 |
909.815 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
72.198 |
446.400 |
218.658 |
|
(b) Trade payables |
1440.818 |
1077.860 |
410.391 |
|
(c) Other current liabilities |
709.639 |
496.687 |
554.380 |
|
(d) Short-term provisions |
0.078 |
0.064 |
0.047 |
|
Total
Current Liabilities (4) |
2222.733 |
2021.011 |
1183.476 |
|
|
|
|
|
|
TOTAL |
2969.027 |
3062.153 |
2642.070 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1664.319 |
1651.978 |
1647.684 |
|
(ii) Intangible Assets |
1.037 |
1.352 |
0.000 |
|
(iii) Capital work-in-progress |
48.328 |
46.673 |
27.613 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.424 |
8.834 |
21.814 |
|
(e) Other Non-current assets |
24.232 |
29.622 |
21.999 |
|
Total
Non-Current Assets |
1742.340 |
1738.459 |
1719.110 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
360.352 |
496.569 |
430.290 |
|
(c) Trade receivables |
547.620 |
489.221 |
268.308 |
|
(d) Cash and cash equivalents |
37.444 |
72.460 |
87.675 |
|
(e) Short-term loans and
advances |
275.447 |
260.402 |
127.908 |
|
(f) Other current assets |
5.824 |
5.042 |
8.779 |
|
Total
Current Assets |
1226.687 |
1323.694 |
922.960 |
|
|
|
|
|
|
TOTAL |
2969.027 |
3062.153 |
2642.070 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5048.808 |
3125.842 |
2292.093 |
|
|
Other Income |
4.891 |
1.554 |
36.658 |
|
|
TOTAL
(A) |
5053.699 |
3127.396 |
2328.751 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2844.908 |
2179.647 |
1695.427 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
155.745 |
(56.808) |
(142.936) |
|
|
Employees benefits expense |
212.647 |
171.758 |
149.122 |
|
|
Other expenses |
1807.875 |
1108.949 |
823.220 |
|
|
TOTAL
(B) |
5021.175 |
3403.546 |
2524.833 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
32.524 |
(276.150) |
(196.082) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
171.351 |
196.253 |
143.457 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(138.827) |
(472.403) |
(339.539) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
152.415 |
121.198 |
104.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(291.242) |
(593.601) |
(444.339) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(291.242) |
(593.601) |
(444.339) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1838.822) |
(1245.221) |
(800.882) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(2130.064) |
(1838.822) |
(1245.221) |
|
|
|
|
|
|
|
|
VALUE
OF DIRECT IMPORTS (C.I.F/FOB VALUE) |
|
|
|
|
|
Machinery |
97.446 |
65.983 |
31.297 |
|
|
Raw Materials |
6.843 |
42.461 |
33.113 |
|
|
Components, stores and spare
parts |
85.271 |
2.761 |
9.606 |
|
|
TOTAL
IMPORTS |
189.560 |
111.205 |
74.016 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.62) |
(3.31) |
(2.82) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
407.451 |
285.296 |
379.978 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
572.153 |
17.940 |
(286.393) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(5.77) |
(18.99) |
(19.39) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.64 |
(8.83) |
(8.55) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.97) |
(19.69) |
(17.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.47) |
(23.58) |
(0.81) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
13.47 |
69.16 |
2.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.55 |
0.65 |
0.78 |
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 |
1794.000 |
1864.000 |
2214.000 |
|
Reserves & Surplus |
(1245.221) |
(1838.823) |
(2130.064) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
548.779 |
25.177 |
83.936 |
|
|
|
|
|
|
long-term borrowings |
905.890 |
1009.559 |
650.820 |
|
Short term borrowings |
218.658 |
446.400 |
72.198 |
|
Current maturities of
long-term debts |
379.978 |
285.296 |
407.451 |
|
Total
borrowings |
1504.526 |
1741.255 |
1130.469 |
|
Debt/Equity
ratio |
2.742 |
69.161 |
13.468 |
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 |
2292.093 |
3125.842 |
5048.808 |
|
|
|
36.375 |
61.518 |
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 |
2292.093 |
3125.842 |
5048.808 |
|
Profit |
(444.339) |
(593.601) |
(291.242) |
|
|
(19.39%) |
(18.99%) |
(5.77%) |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
High Court of Calcutta - Original Side |
|
Case Status Information System |
|
Case Status : |
Pending |
||
|
Status Of : |
COMPANY PETITIONS (CP) 380 Of 2014 |
||
|
Litigants : |
IN THE MATTER OF : TATA METALIKS LTD -AN Vs. IN THE MATTER OF:TATA METALIKS DI PIPES |
||
|
Pet's Adv : |
RISHAV BANERJEE |
||
|
Res's Adv : |
|
||
|
Last Date of Hearing : |
Monday, July 06, 2015 |
||
|
Next / Final Date of Hearing : |
Monday, August 03, 2015 |
||
|
Case Updated On : |
Thursday, July 30, 2015 |
||
|
Category : |
--- |
||
|
Connected Application(s) |
|||
|
No Connected Application |
|||
|
Connected Matter(s) |
|
||
|
CA |
564 |
2013 |
|
PERFORMANCE
In the year 2013-14, the Company made significant progress and achieved several milestones and targets in terms of production and sales. Total Production of the Ductile Iron Pipe in the FY 2013-14 was 95,863 ton (12-13- 61,748.48 ton), total dispatch of 97,808 MT and sales quantity of 97,808 ton thereby exceeding its rated capacity. Sales also commensurated with Improved Net realization. Also the Company for the first time since inception was able to post profit in the last quarter.
CHANGE OF NAME:
As per the termination agreement with Kubota Corporation, Japan, the name of the Company was required to be changed before 31st December 2013. The Board at their meeting held on 5 th December 2013 approved the change of name to Tata Metaliks DI Pipes Limited And subsequently it was also approved by the shareholders in their meeting dated 9 th December 2013.
After fulfilling the necessary statutory requirements, the name of the Company was changed from Tata Metaliks Kubota Pipes Limited To Tata Metaliks DI Pipes Limited w.e.f 30 th December 2013.
AMALGAMATION WITH
TATA STEEL LIMITED:
As approved by the Board of directors in their meeting held on 10th April 2013, the Company has filed with the Honble High Court, Calcutta, the scheme for amalgamation with Tata Steel Limited on 13th December 2013. On the directions of the Honble High Court, the said scheme was placed before the shareholders on 25th March 2014 in a court convened extra ordinary general meeting and was duly approved. After which the Honble High Court, Calcutta has further directed to serve a copy of the said scheme to Regional Director, Eastern Region, Kolkata for his observations. The said scheme has also been filed with Honble High Court, Bombay, being the jurisdiction of the registered office of Tata Steel Limited.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from others |
51.000 |
51.000 |
|
Other loans and advances, others |
0.000 |
99.100 |
|
Total |
51.000 |
150.100 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10420896 |
29/03/2013 |
50,000,000.00 |
INDUSIND BANK LTD. |
SAVITRI TOWERS, 3A
UPPER WOOD STREET, KOLKATA, WE |
B73498354 |
|
2 |
10403985 |
08/02/2013 |
250,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
B68507557 |
|
3 |
10410162 |
25/01/2013 |
120,000,000.00 |
INDUSIND BANK LTD. |
SAVITRI TOWERS, 3A
UPPER WOOD STREET, KOLKATA, WE |
B70212220 |
|
4 |
10389933 |
06/11/2012 |
487,500,000.00 |
THE FEDERAL BANK LIMITED |
1 R N MUKHERJEE
ROAD, KOLKATA, WEST BENGAL - 70000 |
B63246607 |
|
5 |
10389927 |
06/11/2012 |
100,000,000.00 |
THE FEDERAL BANK LIMITED |
1 R. N. MUKHERJEE
ROAD, KOLKATA, WEST BENGAL - 700 |
B63251516 |
|
6 |
10308553 |
14/09/2011 |
200,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B
GANDHI MARG,FORT, MUMBAI, MAHA |
B21724133 |
|
7 |
10278141 |
16/07/2014 * |
230,000,000.00 |
ING VYSYA BANK LIMITED |
4/1,MIDDLETON
STREET,, SIKKIM HOUSE,, KOLKATA, WE |
C14609226 |
|
8 |
10260006 |
25/05/2012 * |
150,000,000.00 |
BANK OF BARODA |
KESTOPUR BRANCH,
BLOCK AC-93A, 1ST FLOOR, PRAFULL |
B40205007 |
|
9 |
10131676 |
27/11/2008 |
592,500,000.00 |
SUMITOMO MITSUI BANKING CORPORATION |
3, TEMASEK AVENUE,
#06-01, CENTENNIAL TOWER, SING |
A51633188 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Buildings
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
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, 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 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.64.89 |
|
UK Pound |
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
45 |
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.