|
|
|
MIRA INFORM REPORT
|
Report No. : |
516619 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN PAPER CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
South Tower, 4th Floors, Scope Minar Complex, Laxmi Nagar, District Centre, New Delhi-110092 |
|
Tel. No.: |
91-33-22267806 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
29.05.1970 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1970GOI005301 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 8173.043 Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH9463K |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Paper. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1970 and it is having satisfactory track records. It is a Government of India Enterprises and one of the largest manufacturers of paper in the country, is involved in the manufacturing of premium writing & Printing of Paper (Bamboo based). It Functions directly under the Department of Heavy Industries (DHI) and have capacity of 1 lakh metric tonnes per annum (MTPA). Management of the company has not filed its financials of 2017 with government department. The company has sound financial base and comfortable capital structure and decent liquidity positions. Rating takes into consideration strategic importance and expectation of continued support from the Government of India, established network and strong operating efficiency. However, rating strength is partially offset by accumulated losses registered during the year which has resulted into erosion of its entire networth. Trade relations are reported as fair. Business is active. Payments are slow but correct. In view of wholly owned department of Government of India, it can be considered for normal business dealings with usual trade 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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 26.06.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-33-22267806]
LOCATIONS
|
Registered Office : |
South Tower, 4th Floors, Scope Minar Complex, Laxmi Nagar, District Centre, New Delhi-110092, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Kolkata Office : |
75-C, Park Street, Kolkata-700016, West Bengal, India |
|
Tel. No.: |
91-33-22267806/ 22296901/ 02/ 22496931/ 32/ 34/ 35 |
|
Fax No.: |
91-33-22494996/ 7335/ 4932/ 22166966 |
|
|
|
|
Corporate Office : |
Located at: ·
Kolkata |
|
|
|
|
Manufacturing Units
: |
Located at: ·
Nagaon and Cachar |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Ms. Shashi Kanth Jain |
|||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||
|
Address : |
D-1/1 HPC Housing Complex Block HC Sector III, Salt Lake,
Kolkata-700106, West Bengal, India |
|||||||||||||||||||
|
Date of Birth/Age : |
07.11.1958 |
|||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||
|
Date of Appointment : |
08.03.2011 |
|||||||||||||||||||
|
PAN No.: |
ADHPJ4192J |
|||||||||||||||||||
|
DIN No.: |
03479271 |
|||||||||||||||||||
|
||||||||||||||||||||
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|
|||||||||||||||||||
|
Name : |
Palash Goswami |
|||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||
|
Address : |
Flat No. 6I, Plot No. 730, B.T. Road, North 24 Parganas
Sodepur-700110, West Bengal, India |
|||||||||||||||||||
|
Date of Birth/Age : |
04.01.1961 |
|||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||
|
Date of Appointment : |
05.11.2014 |
|||||||||||||||||||
|
PAN No.: |
ACIPG6260A |
|||||||||||||||||||
|
DIN No.: |
07019906 |
|||||||||||||||||||
|
||||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Name : |
Ms. Ritu Pande |
|||||||||||||||||||
|
Designation : |
Nominee Director |
|||||||||||||||||||
|
Address : |
K-72, Nivedita Kunj , Sector 10, R K Puram, New
Delhi-110022, India |
|||||||||||||||||||
|
Date of Birth/Age : |
22.09.1973 |
|||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||
|
Date of Appointment : |
13.12.2017 |
|||||||||||||||||||
|
PAN No.: |
AEPPM2969H |
|||||||||||||||||||
|
DIN No.: |
07286839 |
|||||||||||||||||||
|
||||||||||||||||||||
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|
|
|||||||||||||||||||
|
Name : |
Mr. Nyshadham Sivanand |
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|
Designation : |
Nominee Director |
|||||||||||||||||||
|
Address : |
401 Fourth Floor Type-5-B, Block-A, Ddu Marg,
Delhi-110002, India |
|||||||||||||||||||
|
Date of Appointment : |
13.12.2017 |
|||||||||||||||||||
|
DIN No.: |
07852689 |
|||||||||||||||||||
|
||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
President of India |
|
7183040 |
|
Shashi Kanth Jain |
|
1 |
|
Ambuj Sharma |
|
1 |
|
Arvind Kumar |
|
1 |
|
|
|
|
|
Total |
|
7183043 |
|
Names of Shareholders [7% Non-Cumulative Redeemable Preference Shares] |
|
No. of Shares |
|
President of India |
|
990000 |
|
|
|
|
|
Total |
|
990000 |
AS ON: 10.04.2017
|
Names of
Allottee [Equity Shares] |
|
No.
of Shares |
|
The President of India |
|
180000 |
|
|
|
|
|
Total |
|
180000 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Government [Central Government] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Paper. [Registered
Activity] |
||||
|
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|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||
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Customers : |
|
||||||||||||||||||
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|
||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· State Bank of Travancore Kolkata Main Branch, 36, Chowringhee Road, Kolkata-700071,
West Bengal, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
R Kothari and Company Chartered Accountants |
|
Address : |
16a Shakespeare Sarani, New B. K. Market, 5th Floor, Kolkata-700071, West Bengal, India |
|
PAN No.: |
AAFFR7366B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Companies : [As on 31.03.2016] |
· Hindustan News Print Limited, India [U21013KL1983GOI003735] · Nagaland Pulp & Paper Company Limited, India [U21012NL1971SGC001349] ·
Jagdishpur Paper Mills Limited, India [U21098UP2008PLC035197] |
CAPITAL STRUCTURE
AS ON: 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 1000/- each |
INR 10000.000 Million |
|
1366778 |
Preference Shares |
INR 1000/- each |
INR 1366.778 Million |
|
|
Total |
|
INR 11366.778
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7363043 |
Equity Shares |
INR 1000/- each |
INR 7363.043
Million |
|
990000 |
Preference Shares |
INR 1000/- each |
INR 990.000 Million |
|
|
Total |
|
INR 8353.043
Million |
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 1000/- each |
INR 10000.000 Million |
|
1366778 |
Preference Shares |
INR 1000/- each |
INR 1366.778 Million |
|
|
Total |
|
INR 11366.778
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7183043 |
Equity Shares |
INR 1000/- each |
INR 7183.043
Million |
|
990000 |
Preference Shares |
INR 1000/- each |
INR 990.000 Million |
|
|
Total |
|
INR 8173.043
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8173.043 |
8173.043 |
8173.043 |
|
(b) Reserves & Surplus |
(11656.538) |
(7756.986) |
(3054.608) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
180.000 |
180.000 |
0.000 |
|
(3) Deferred
Government Grants |
150.039 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(3153.456) |
596.057 |
5118.435 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2635.316 |
3060.076 |
3127.236 |
|
(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 |
834.678 |
646.222 |
390.267 |
|
Total
Non-current Liabilities (3) |
3469.994 |
3706.298 |
3517.503 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
3121.228 |
3090.622 |
1910.746 |
|
(b)
Trade payables |
5039.352 |
4563.970 |
3184.132 |
|
(c)
Other current liabilities |
3430.103 |
2745.265 |
1894.060 |
|
(d)
Short-term provisions |
71.025 |
57.637 |
57.264 |
|
Total
Current Liabilities (4) |
11661.708 |
10457.494 |
7046.202 |
|
|
|
|
|
|
TOTAL |
11978.246 |
14759.849 |
15682.140 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1706.869 |
1809.458 |
2214.408 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
236.848 |
223.443 |
103.999 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2685.730 |
2685.730 |
2685.730 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
1389.432 |
|
(d) Long-term Loan
and Advances |
2819.550 |
3018.934 |
2083.706 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
7448.997 |
7737.565 |
8477.275 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1393.756 |
2365.455 |
3495.328 |
|
(c)
Trade receivables |
682.879 |
854.907 |
419.842 |
|
(d)
Cash and cash equivalents |
408.197 |
1557.531 |
563.020 |
|
(e)
Short-term loans and advances |
1824.689 |
2098.075 |
2638.242 |
|
(f)
Other current assets |
219.728 |
146.316 |
88.433 |
|
Total
Current Assets |
4529.249 |
7022.284 |
7204.865 |
|
|
|
|
|
|
TOTAL |
11978.246 |
14759.849 |
15682.140 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4048.162 |
7761.463 |
6335.234 |
|
|
Other Income |
37.513 |
110.793 |
335.191 |
|
|
TOTAL |
4085.675 |
7872.256 |
6670.425 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2378.904 |
5435.473 |
3137.441 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
108.750 |
(79.083) |
(6.230) |
|
|
Employee benefit expense |
1763.963 |
2072.282 |
1690.976 |
|
|
CSR expenditure |
3.549 |
7.426 |
0.000 |
|
|
Other expenses |
3251.084 |
5620.283 |
3576.389 |
|
|
Prior period items |
0.000 |
0.000 |
(11.515) |
|
|
Extraordinary items |
(344.086) |
(2600.770) |
(1136.100) |
|
|
TOTAL |
7162.164 |
10455.611 |
7250.961 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(3076.489) |
(2583.355) |
(580.536) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
717.206 |
541.641 |
416.261 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(3793.695) |
(3124.996) |
(996.797) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
105.857 |
187.950 |
188.221 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(3899.552) |
(3312.946) |
(1185.018) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(3899.552) |
(3312.946) |
(1185.018) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(542.88) |
(461.22) |
(176.63) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
731.700 |
202.340 |
73.380 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(2271.641) |
(3281.473) |
(2026.647) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(3003.162) |
(3826.123) |
(890.547) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
61.57 |
40.20 |
24.19 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.93 |
9.08 |
15.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
773.20 |
306.48 |
370.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(2.21) |
(1.09) |
(0.17) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(1.58) |
(1.27) |
(0.25) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.25 |
0.93 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
-2.06 |
10.66 |
1.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(3.70) |
17.54 |
1.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(0.62) |
3.41 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(4.29) |
(4.78) |
(1.39) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(96.33) |
(42.68) |
(18.71) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(32.56) |
(22.45) |
(7.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
123.66 |
(555.81) |
(23.15) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.39 |
0.67 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.27 |
0.45 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.26) |
0.04 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.79 |
0.78 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.39 |
0.67 |
1.02 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Share Capital |
8173.043 |
8173.043 |
8173.043 |
|
Reserves & Surplus |
(3054.608) |
(7756.986) |
(11656.538) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Deferred Government Grants |
0.000 |
0.000 |
150.039 |
|
Share Application money
pending allotment |
0.000 |
180.000 |
180.000 |
|
Net
worth |
5118.435 |
596.057 |
-3153.456 |
|
|
|
|
|
|
long-term borrowings |
3127.236 |
3060.076 |
2635.316 |
|
Short term borrowings |
1910.746 |
3090.622 |
3121.228 |
|
Current Maturities of Long
term debt |
73.380 |
202.340 |
731.700 |
|
Total
borrowings |
5111.362 |
6353.038 |
6488.244 |
|
Debt/Equity
ratio |
0.999 |
10.658 |
-2.058 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
6335.234 |
7761.463 |
4048.162 |
|
|
|
22.513 |
(47.843) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
6335.234 |
7761.463 |
4048.162 |
|
Profit/ (Loss) |
(1185.018) |
(3312.946) |
(3899.552) |
|
|
(18.71%) |
(42.68%) |
(96.33%) |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
8173.043 |
8173.043 |
|
(b) Reserves and Surplus |
|
(12884.671) |
(8428.899) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
(7.452) |
(5.819) |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
215.000 |
180.000 |
|
(3) Deferred
Government Grants |
|
150.039 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(4354.041) |
(81.675) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2704.765 |
3087.076 |
|
(b) Deferred tax liabilities (Net) |
|
243.564 |
241.600 |
|
(c) Other long-term
liabilities |
|
297.425 |
257.723 |
|
(d) long-term
provisions |
|
999.878 |
733.055 |
|
Total Non-current
Liabilities (3) |
|
4245.632 |
4319.454 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
4435.768 |
4338.997 |
|
(b) Trade
payables |
|
5701.651 |
5380.884 |
|
(c) Other
current liabilities |
|
2981.932 |
2120.332 |
|
(d) Short-term provisions |
|
107.133 |
104.274 |
|
Total Current
Liabilities (4) |
|
13226.484 |
11944.487 |
|
|
|
|
|
|
TOTAL |
|
13118.075 |
16182.266 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
|
3187.246 |
3221.675 |
|
(ii)
Intangible Assets |
|
1237.618 |
1047.242 |
|
(iii) Tangible assets
capital work-in-progress |
|
920.397 |
907.852 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1768.446 |
1784.965 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
7113.707 |
6961.734 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2437.640 |
3587.423 |
|
(c) Trade
receivables |
|
918.104 |
1216.011 |
|
(d) Cash and
bank balances |
|
504.245 |
1610.783 |
|
(e) Short-term
loans and advances |
|
1973.725 |
2639.951 |
|
(f) Other
current assets |
|
170.654 |
166.364 |
|
Total
Current Assets |
|
6004.368 |
9220.532 |
|
|
|
|
|
|
TOTAL |
|
13118.075 |
16182.266 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
7359.788 |
11171.213 |
|
|
Other Income |
|
146.638 |
192.225 |
|
|
TOTAL |
|
7506.426 |
11363.438 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3558.179 |
6559.044 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(0.204) |
(36.576) |
|
|
Employee benefit expense |
|
2591.440 |
2703.065 |
|
|
Other expenses |
|
5023.941 |
7375.322 |
|
|
Extraordinary items |
|
(344.086) |
(2584.876) |
|
|
TOTAL |
|
10829.270 |
14015.979 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(3322.844) |
(2652.541) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
949.833 |
687.213 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(4272.677) |
(3339.754) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
175.711 |
228.508 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(4448.388) |
(3568.262) |
|
|
|
|
|
|
|
Less |
TAX |
|
9.022 |
(22.426) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FOR
PERIOD FROM CONTINUING OPERATIONS |
|
(4457.410) |
(3545.836) |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
1.635 |
1.448 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) FOR PERIOD |
|
(4455.775) |
(3544.388) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(620.55) |
(493.64) |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C50463223 |
10562371 |
State Bank Of Travancore |
23/03/2015 |
- |
- |
180000000.0 |
Kolkata Main Branch,44, Park StreetKolkataWB700016IN |
|
2 |
C40726390 |
10543613 |
CANARA BANK (LEAD BANK) |
31/12/2014 |
- |
- |
2416000000.0 |
PRIME CORPORATE BRANCHBELLS HOUSE, GROUND FLOOR, 21 CAMAC STREETKOLKATAWB700016IN |
|
3 |
C40724908 |
10543611 |
CANARA BANK |
31/12/2014 |
- |
- |
950000000.0 |
PRIME CORPORATE BRANCHBELLS HOUSE, GROUND FLOOR, 21 CAMAC STREETKOLKATAWB700016IN |
|
4 |
C21510854 |
10520961 |
CANARA BANK (LEAD BANK) |
03/09/2014 |
- |
- |
2616000000.0 |
PRIME CORPORATE BRANCHBELLS HOUSE, GROUND FLOOR, 21 CAMAC STREETKOLKATAWB700016IN |
|
5 |
C50464817 |
10378671 |
STATE BANK OF TRAVANCORE |
08/09/2012 |
24/03/2014 |
17/04/2015 |
1300000000.0 |
Kolkata Main Branch,36, Chowringhee RoadKolkataWB700071IN |
|
6 |
C40722647 |
10272285 |
CANARA BANK |
01/03/2011 |
26/12/2013 |
08/01/2015 |
1316000000.0 |
PRIME CORPORATE BRANCHBELLS HOUSE, GROUND FLOOR, 21 CAMAC STREETKOLKATAWB700016IN |
|
7 |
B93799765 |
10417675 |
CANARA BANK |
23/03/2013 |
- |
26/12/2013 |
300000000.0 |
PRIME CORPORATE BRANCHBELLS HOUSE, GROUND FLOOR, 21 CAMAC STREETKOLKATAWB700016IN |
|
8 |
B88736780 |
10368844 |
THE SOUTH INDIAN BANK LIMITED |
07/08/2012 |
- |
26/10/2013 |
600000000.0 |
2 CHURCH LANEOSWAL CHAMBERSKOLKATAWB700001IN |
|
9 |
B77064251 |
80066599 |
State Bank of India |
23/12/2004 |
- |
08/06/2013 |
500000000.0 |
Commercial Branch GuwahatiBee Kay Towers, GaneshguriGuwahatiAS781006IN |
|
10 |
B76490507 |
90059622 |
CBI |
15/09/1987 |
16/12/1988 |
29/05/2013 |
10000000.0 |
PANCHGRAMPANCHGRAMASIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
2245.316 |
2475.076 |
|
Working Capital Loans From Banks |
390.000 |
585.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from others |
0.000 |
176.940 |
|
|
|
|
|
Total |
2635.316 |
3237.016 |
GENERAL INFORMATION
Subject, a wholly owned Government of India Enterprise, is engaged in the business of manufacturing and trading of Paper. Incorporated on 29 May 1970 as a Private Limited Company, the Company has its registered office at
New Delhi and Corporate Office in Kolkata with manufacturing units at Nagaon and Cachar, in the state of Assam and sales depot's across India.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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
|
INR |
|
US Dollar |
1 |
INR 68.15 |
|
UK Pound |
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.