MIRA INFORM REPORT
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Report No. : |
342220 |
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Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABHIJEET FERROTECH LIMITED (w.e.f. 21.01.2010) |
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Formerly Known
As : |
COASTAL FERROTECH LIMITED (w.e.f. 18.09.2008) COASTAL FERROTECH PRIVATE LIMITED( w.e.f. 26.11.2007) MANGALMAYEE GARMENTS PRIVATE LIMITED |
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Registered
Office : |
The Knowledge Hub, 5th Floor, Plot No. DN - 23, Sector -
V, Salt Lake City, Kolkata – 700091, West Bengal |
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Mobile No.: |
91-8297558782 (Mr. Amarnath) |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.01.1996 |
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Com. Reg. No.: |
21-076509 |
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Capital
Investment / Paid-up Capital : |
Rs.395.783 Million |
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CIN No.: [Company Identification
No.] |
U52322WB1996PLC076509 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Information declined by the management
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RATING & COMMENTS
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MIRA’s Rating : |
Ca (14) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1996. It is having moderate track. Management of the company has failed to file its financials to the government department for the year 2014. As per registrar of companies the date of balance sheet (i.e. financial field) is shown as 31.03.2013 but document related to financial for the year ending 2013 is not available from any source. As per the available financials of the year 2012, the company has reported drastic decrease in its sales turnover. Moreover, Mr. Amarnath (Assistant Manager) denied to provide any information about the subject to us. Payment details are not known. In view of risk inherited due to absence of latest financial details, the company can be considered for business dealings with fully safe and secured 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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. Amarnath |
|
Designation : |
Assistant Manager |
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Contact No.: |
91-8297558782 |
|
Date : |
22.09.2015 |
LOCATIONS
|
Registered Office : |
The Knowledge Hub, 5th Floor, Plot No. DN - 23, Sector -
V, Salt Lake City, Kolkata – 700091, West Bengal, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-8297558782 (Mr. Amarnath) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
Plot No.50 and 51, A.P.S.E.Z. Atchutaparam, Visakhapatnam, Andhra
Pradesh, India |
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Plant: |
Located at
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DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Manoj Jayaswal |
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Designation : |
Additional director |
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Address : |
246, Usha Sadan, Pt R.S.S. Marg, Nagpur - 440001,
Maharashtra, India |
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Date of Appointment : |
25.11.2014 |
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DIN No.: |
00127254 |
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Name : |
Mr. Vikash Jaiswal |
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Designation : |
Additional director |
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Address : |
71A Amherst Street (R.R. Mohan Roy Sarani, 27 Amherst
Street, Kolkata - 700009, West Bengal, India |
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Date of Appointment : |
31.01.2013 |
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DIN No.: |
06396394 |
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Name : |
Mr. Rajesh Jayaswal |
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Designation : |
Additional director |
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Address : |
House No 3-93/A Mosayyapeta, Atchuthapuram Mandalam,
Vishakhapatnam - 531011, Andhra Pradesh, India |
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Date of Appointment : |
09.10.2014 |
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DIN No.: |
06991742 |
KEY EXECUTIVES
|
Name : |
Richa Jaiswal |
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Designation : |
Secretary |
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Address : |
50/1, Bairab Dutta Lane, Howrah Municpal Corporation,
Golabari, Howrah - 711106, West Bengal, India |
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Date of Appointment : |
15.06.2011 |
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PAN No: |
AJUPJ3762D |
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Name : |
Mr. Amarnath |
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Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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)
NOTE: Terms and Conditions for Repayment of Term Loans The loans are repayable in 24 equal quarterly Instalments of Rs.154.167 Million together with Interest commencing from 31st December 2012. These loans carry interest rates of BPLR with spread ranging from -2.25% to 0.75% p.a. payable at monthly rests. These loans are secured as under: a. By way of first charge on all immovable properties of the Company both present and future and hypothecation of movable properties of the Company situated at APSEZ, Atchuthapuram, Vishakhapatnam (Andhrapradesh) and by way of first charge on intangible assets of the Company. In addition to this, it is secured by right, title, interest, benefits, claims in Project Documents. b. By way of second charge on all current assets of the Company situated at APSEZ, Atchuthapuram, Vishakhapatnam (Andhrapradesh). c. These loans are further collataraly secured by Pledge of 51% of Promoters Equity Capital in the Company and by way of negative lien on 49% of Promoters Equity Capital in the Company. d. These loans are further secured by Personal Guarantees of some of the Directors of the Company. Terms and Conditions for Working Capital Loans a Working Capital Loans from Banks and Buyers Credit referred to in are secured by first charge on entire current assets of the Company, both present and future and are further secured collaterally by second charge on the entire fixed assets of the Company both present and future. These are further secured by way of Personal Guarantees of some of the Directors of the Company and their relatives. b The working capital loans carry the interest rate ranging from Base Rate plus spread ranging from 3.5% to 4%, payable on monthly rests. c Buyers Credit referred to in , carries interest rate of "6 month Libor + 95bps", repayable in 160 days from date of loan dt.19th March 2012 |
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Auditors : |
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Name : |
Chaturvedi Sohan and Company Chartered Accountants |
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Address : |
320, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Tel. No.: |
91-22-22815154/32152250 |
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Fax No.: |
91-22-2214872 |
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E-Mail : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company (AS
ON 31.03.2012): |
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Fellow Subsidiary
(AS ON 31.03.2012): |
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Associates (AS ON
31.03.2012): |
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Enterprises In
which Key Management Personnel and their relatives are able to
exercise significant influence (Other Related Parties) (AS ON 31.03.2012): |
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CAPITAL STRUCTURE
AFTER 28.09.2013
Authorised Capital : Rs. 850.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 454.481
Million
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83280000 |
Equity Shares |
Rs.10/- each |
Rs. 832.800 Million |
|
1720000 |
Preference Shares |
Rs.10/- each |
Rs. 17.200 Million |
|
|
|
|
|
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Total |
|
Rs. 850.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41673669 |
Equity Shares |
Rs.10/- each |
Rs. 416.737 Million |
|
1718900 |
Preference Shares |
Rs.10/- each |
Rs. 17.189 Million |
|
|
|
|
|
|
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Total |
|
Rs. 433.926
Million |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83280000 |
Equity Shares |
Rs.10/- each |
Rs. 832.800 Million |
|
1720000 |
Preference Shares |
Rs.10/- each |
Rs. 17.200 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 850.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37859390 |
Equity Shares |
Rs.10/- each |
Rs. 378.594 Million |
|
1718900 |
Preference Shares |
Rs.10/- each |
Rs. 17.189 Million |
|
|
|
|
|
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Total |
|
Rs. 395.783
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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|
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(a) Share Capital |
|
395.783 |
99.753 |
|
(b) Reserves & Surplus |
|
3522.055 |
855.918 |
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(c) Money received against
share warrants |
|
0.000 |
0.000 |
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|
|
|
|
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(2) Share Application money
pending allotment |
|
0.000 |
1478.471 |
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Total
Shareholders’ Funds (1) + (2) |
|
3917.838 |
2434.142 |
|
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(3) Non-Current Liabilities |
|
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|
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(a) long-term borrowings |
|
3342.701 |
3238.935 |
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(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
178.296 |
|
(d) long-term provisions |
|
10.521 |
7.242 |
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Total
Non-current Liabilities (3) |
|
3353.222 |
3424.473 |
|
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|
|
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(4) Current Liabilities |
|
|
|
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(a) Short term borrowings |
|
294.970 |
10.475 |
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(b) Trade payables |
|
258.738 |
448.848 |
|
(c) Other current liabilities |
|
1761.252 |
1504.140 |
|
(d) Short-term provisions |
|
1.480 |
0.131 |
|
Total
Current Liabilities (4) |
|
2316.440 |
1963.594 |
|
|
|
|
|
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TOTAL |
|
9587.500 |
7822.209 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
540.606 |
413.057 |
|
(ii) Intangible Assets |
|
1.606 |
1.340 |
|
(iii) Capital work-in-progress |
|
6695.406 |
4266.330 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
706.760 |
510.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
181.281 |
1347.994 |
|
(e) Other Non-current assets |
|
367.236 |
339.686 |
|
Total
Non-Current Assets |
|
8492.895 |
6878.407 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.044 |
0.056 |
|
(b) Inventories |
|
677.992 |
185.454 |
|
(c) Trade receivables |
|
219.858 |
202.174 |
|
(d) Cash and cash equivalents |
|
34.784 |
354.582 |
|
(e) Short-term loans and
advances |
|
161.927 |
201.405 |
|
(f) Other current assets |
|
0.000 |
0.131 |
|
Total
Current Assets |
|
1094.605 |
943.802 |
|
|
|
|
|
|
TOTAL |
|
9587.500 |
7822.209 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
1.984 |
|
|
3] Reserves & Surplus |
|
|
0.873 |
|
|
4] (Accumulated Losses) |
|
|
(0.017) |
|
|
NETWORTH |
|
|
2.940 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.239 |
|
|
2] Unsecured Loans |
|
|
0.010 |
|
|
TOTAL BORROWING |
|
|
3.249 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.189 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.414 |
|
|
Capital work-in-progress |
|
|
4.892 |
|
|
Expenditure pending allocation, net |
|
|
0.640 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.510 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.185 |
|
|
Sundry Debtors |
|
|
0.202 |
|
|
Cash & Bank Balances |
|
|
0.694 |
|
|
Other Current Assets |
|
|
0.097 |
|
|
Loans & Advances |
|
|
0.188 |
|
Total
Current Assets |
|
|
1.366
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.068 |
|
|
Other Current Liabilities |
|
|
1.557 |
|
|
Provisions |
|
|
0.008 |
|
Total
Current Liabilities |
|
|
1.633
|
|
|
Net Current Assets |
|
|
(0.267) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.0000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.189 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
26.386 |
410.425 |
176.960 |
|
|
Other Income |
36.510 |
17.890 |
21.840 |
|
|
TOTAL
(A) |
62.896 |
428.315 |
198.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
17.682 |
173.263 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
9.543 |
243.162 |
|
|
|
Other expenses |
27.365 |
11.216 |
|
|
|
TOTAL
(B) |
54.590 |
427.641 |
198.419 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
8.306 |
0.674 |
0.381 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.020 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.306 |
0.674 |
0.361 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.273 |
0.274 |
0.237 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
8.033 |
0.400 |
0.124 |
|
|
|
|
|
|
|
Less |
TAX (H) |
6.166 |
(0.749) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.867 |
1.149 |
0.124 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(16.810) |
(17.959) |
(18.083) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(14.943) |
(16.810) |
(17.959) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
25.719 |
0.000 |
NA |
|
|
TOTAL
EARNINGS |
25.719 |
0.000 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
518.426 |
0.000 |
NA |
|
|
TOTAL
IMPORTS |
518.426 |
0.000 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
0.08 |
0.12 |
0.02 |
|
|
Diluted |
0.03 |
0.01 |
0.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
308.333 |
0.000 |
NA |
|
Cash generated from operations |
(508.530) |
1040.937 |
NA |
|
Net cash flows from operating activities |
(518.306) |
1039.898 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.08 |
0.28 |
0.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
31.48 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.37 |
0.01 |
5.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.01 |
1.33 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.47 |
0.48 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
99.753 |
395.783 |
|
Reserves & Surplus |
855.918 |
3522.055 |
|
Money received against share
warrants |
0.000 |
-0.017 |
|
Share Application money pending allotment |
1478.471 |
0.000 |
|
Net
worth |
2434.142 |
3917.821 |
|
|
|
|
|
long-term borrowings |
3238.935 |
3342.701 |
|
Short term borrowings |
10.475 |
294.970 |
|
Current maturities of
long-term debts |
0.000 |
308.333 |
|
Total
borrowings |
3249.410 |
3946.004 |
|
Debt/Equity
ratio |
1.335 |
1.007 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
176.960 |
410.425 |
26.386 |
|
|
|
131.931 |
-93.571 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
176.960 |
410.425 |
26.386 |
|
Profit |
0.124 |
1.149 |
1.867 |
|
|
0.07% |
0.28% |
7.08% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from Insignia Towers, EN 1 Sector V, Salt Lake Kolkata -700091, West Bengal,
India to the present address w.e.f. 01.12.2013
PERFORMANCE (AS ON
31.03.2012)
During the year, the total income of the Company is Rs. 62.896 Million as compared to Rs. 428.315 Million in Previous year, The Profit after Tax increased from Rs.0.400 Million to Rs. 8.033 Million thereby recording a growth of more than 1900% over the Profit after fax ill previous year.
PROJECT STATUS OVERVIEW
AND FUTURE OUTLOOK (AS ON 31.03.2012)
During the year, the Company has started trial run production. It has 8 furnaces of 22.5 MVA each with total capacity of 2 89,973 tones p.n. to produce Ferro Alloys; High Carbon Ferro Manganese and Silico Manganese.
This plant is put in SEZ from where the Company is supposed to export the entire produced quantities. The target market is Far East, S.E. Asia, MENA Region, Europe and Latin America.
The directors feel that steel supply forecast is stronger for coming years, and accordingly, the demand for the Manganesc AlIoys, being the raw material for making of Steel, is expected to be better in future.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
||||
|
SHORT TERM BORROWING |
|
|
||||
|
From related party |
0.000 |
10.475 |
||||
|
Total |
0.000 |
10.475 |
||||
|
Note:
|
||||||
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10581226 |
26/06/2015 |
460,000,000.00 |
AXIS BANK LIMITED |
M.G. HOUSE, CIVIL LINES, NAGPUR, MAHARASHTRA - 440 |
C59480244 |
|
2 |
10474354 |
26/02/2015 * |
8,687,000,000.00 |
AXIS BANK LIMITED |
2ND FLOOR,E WING,AXIS HOUSE,BOMBAY DEYING COMPOUND |
C46005872 |
|
3 |
10322618 |
14/06/2012 * |
3,660,000,000.00 |
AXIS BANK LIMITED |
M. G. HOUSE, RABINDRANATH TAGORE ROAD,, BESIDES B |
B42389130 |
|
4 |
10176547 |
06/06/2013 * |
3,700,000,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B77698926 |
* Date of charge modification
CONTINGENT LIABILITIES:
(Rs. In Million)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
Contingent Liabilities not provided for in respect of: |
|
|
|
Guarantees given by Company's Bankers (Bank Guarantees are provided under contracts/legal obligation. No cash outflow is expected) |
11.634 |
7.427 |
|
Letter of credit opened in favour of Suppliers (Cash outflow is expected on receipt of material from Supplier) |
106.294 |
0.000 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Office Equipment’s
- Computers
- Furniture and Fixtures
- Vehicles
- 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 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.65.63 |
|
UK Pound |
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.