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|
MIRA INFORM REPORT
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Report No. : |
516901 |
|
Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CEMENT COMPANY PRIVATE LIMITED (w.e.f.08.08.2011) |
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Formerly Known
As : |
RELIANCE CEMENTATION PRIVATE LIMITED |
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Registered
Office : |
Industry House, 2nd Floor, 159 Churchgate Reclamation, Mumbai –
400020, Maharashtra |
|
Tel. No.: |
91-22-22048467 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.08.2007 |
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CIN No.: [Company Identification
No.] |
U26940MH2007PTC173458 |
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Capital
Investment / Paid-up Capital : |
INR 3128.230 Million |
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|
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PAN No.: [Permanent Account No.] |
AADCR6967R |
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GSTN : [Goods & Service Tax
Registration No.] |
27AADCR6967R1ZB [NAGPUR] 23AADCR6967R1ZJ [SATNA] 27AADCR6967R2ZA [MUMBAI] |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing and Trading of different types of Cement and Allied Products. [Registered Activity] |
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No. of Employees
: |
Information declined by the management |
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 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007. It is a wholly owned
subsidiary of Birla Corporation Limited. The company is a manufacturer of cement. It manufactures both
Pozzolona Portland Cement [PPC] and Ordinary Portland Cement [OPC]. As per the financial records of 2017, the company has achieved a fair
growth of 10.96% in its revenue as compared to the previous year but has
incurred operational losses. The company has sound networth base and modest debt balance sheet
profile. However, rating is constrained on account of a drastic decline in
its reserve base due to continuous losses incurred by the company. The rating further gets constrained by volatility in input prices,
debt funded capex and cyclical nature of the cement industry. The ratings continue to take into account its strong parentage of Birla
Corporation Limited having long and satisfactory track record of operations,
experienced management and operational team, availability of sizeable mineral
reserves, satisfactory financial performance and moderate debt protection
metrics and eligibility for various tax incentives. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Loans = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
17.05.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
17.05.2018 |
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 27.06.2018
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.: 91-22-22048467]
LOCATIONS
|
Registered Office : |
Industry House, 2nd Floor, 159 Churchgate Reclamation, Mumbai –
400020, Maharashtra, India |
|
Tel. No.: |
91-22-22048467/ 8468/ 22842736 |
|
Fax No.: |
91-22-22043615 |
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E-Mail : |
|
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|
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Corporate Office : |
1, Shakespeare Sarani, A.C. Market, Kolkata – 700071, West Bengal,
India |
|
Tel. No.: |
91-33-66033300-02 |
|
Fax No.: |
91-33-22884426 |
|
|
|
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Factories : |
Located At: · Maihar, Madhya Pradesh, India · Kundanganj, Uttar Pradesh, India · Butibori, Maharashtra |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Bachh Raj Nahar |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 2-A, 2nd Floor, 12 Shakespeare Sarani, Kolkata - 700071, West Bengal, India |
|
Date of Birth/Age : |
14.06.1951 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
22.08.2016 |
|
DIN No.: |
00049895 |
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|
|
|
Name : |
Mr. Anup Singh |
|
Designation : |
Director |
|
Address : |
262/1, Vasant Vihar, Dehradun – 248006, Uttarakhand, India |
|
Date of Appointment : |
22.09.2016 |
|
DIN No.: |
00044804 |
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|
|
|
Name : |
Mr. Aravind Srinivasan |
|
Designation : |
Director |
|
Address : |
132, Anna Nagar, Gandhi Nagar, P.O. Madurai - 625020, Tamilnadu, India |
|
Date of Birth/Age : |
16.09.1969 |
|
Qualification : |
MBA |
|
Date of Appointment : |
22.08.2016 |
|
DIN No.: |
00088037 |
|
|
|
|
Name : |
Mr. Vikram Swarup |
|
Designation : |
Director |
|
Address : |
2B, Judges Court Road, Kolkata – 700027, West Bengal, India |
|
Date of Appointment : |
22.08.2016 |
|
DIN No.: |
00163543 |
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|
|
|
Name : |
Mr. Pracheta Majumdar |
|
Designation : |
Director |
|
Address : |
Orchid, P-16, Old Ballygunge Road, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
15.08.1944 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
22.08.2016 |
|
DIN No.: |
00179118 |
|
|
|
|
Name : |
Mr. Harsh Vardhan Lodha |
|
Designation : |
Director |
|
Address : |
10, Judges Court Road, Flat No. 9, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
13.02.1967 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
22.08.2016 |
|
DIN No.: |
00394094 |
|
|
|
|
Name : |
Chitkala Zutshi |
|
Designation : |
Director |
|
Address : |
503, Mansarovar Terraces, New Colony, Nagpur – 440001, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1949 |
|
Qualification : |
IAS |
|
Date of Appointment : |
03.02.2017 |
|
DIN No.: |
07684586 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Kumar Mehta |
|
Designation : |
Company Secretary |
|
Address : |
Fort Oasis, 36 B, Panditya Road, 6th Block, 8th Floor, Flat No. – 1, Kolkata – 700029, West Bengal, India |
|
Date of Birth/Age : |
20.10.1968 |
|
Qualification : |
CA, CS |
|
Date of Appointment : |
01.11.2016 |
|
PAN No.: |
ADQPM9672F |
|
|
|
|
Name : |
Mr. Arun Agarwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
862, Jessore Road, Block D, Flat 2F, Kolkata – 700055, West Bengal, India |
|
Date of Birth/Age : |
18.09.1971 |
|
Qualification : |
CA |
|
Date of Appointment : |
01.11.2016 |
|
PAN No.: |
ACJPA9592N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Birla Corporation Limited |
|
312822900 |
|
M P Birla Group Services Private Limited |
|
100 |
|
|
|
|
|
Total |
|
312823000 |
|
Names of Shareholder [Preference Shares] |
|
No. of Shares |
|
Birla Corporation Limited |
|
10000000 |
|
|
|
|
|
Total |
|
10000000 |
AS ON 14.07.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing and Trading of different types of Cement and Allied Products. [Registered Activity] |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
· DBS Bank Limited (acting as Security Trustee of DBS Bank Limited Singapore) 4A, Nandalal Basu Sarani, Kolkata – 700071, West Bengal, India · Axis Bank Limited 12, A Wing, 1st Floor, Mittal Tower, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Facilities : |
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Financial Institution : |
IDBI Trusteeship Services Limited |
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Auditors : |
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|
Name : |
V. Sankar Aiyar and Company Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
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PAN No.: |
AAAFV0781D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
· Birla Corporation Limited [L01132WB1919PLC003334] (Holding company w.e.f. 22.08.2016) Reliance Infrastructure Limited [L75100MH1929PLC001530] (Holding company upto 21.08.2016) |
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Subsidiary Company
: |
· Reliance Concrete Private Limited [U26940MH2011PTC214982] (Subsidiary upto 21.08.2016) · Utility Infrastructure and Works Private Limited [U26950MH2010PTC211485] |
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|
Entities with joint
control or significant influence over entity : |
· Reliance Ornatus Enterprises And Ventures Private Limited [U51900MH2005PTC157592] · Reliance General Insurance Company Limited [U66603MH2000PLC128300] · Rosa Power Supply Company Limited [U31101MH1994PLC243148] · Sasan Power Limited [U40102MH2006PLC190557] |
CAPITAL STRUCTURE
AFTER 14.07.2017
Authorised Capital : INR 6000.000 Million
Issued, Subscribed & Paid-up Capital : INR 3128.230
Million
AS ON 14.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Equity Shares |
INR 10/- each |
INR 4000.000 Million |
|
20000000 |
Preference Shares |
INR 100/- each |
INR 2000.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 6000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
312823000 |
Equity Shares |
INR 10/- each |
INR 3128.230 Million |
|
10000000 |
Preference Shares |
INR 100/- each |
INR 1000.000
Million |
|
|
|
|
|
|
|
Total |
|
INR 4128.230 Million |
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Equity Shares |
INR 10/- each |
INR 4000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
312823000 |
Equity Shares |
INR 10/- each |
INR 3128.230 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3128.230 |
3128.230 |
1275.666 |
|
(b) Reserves & Surplus |
4484.429 |
18219.527 |
6942.616 |
|
(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) |
7612.659 |
21347.757 |
8218.282 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
23137.443 |
21949.824 |
19297.510 |
|
(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 |
82.681 |
77.745 |
45.784 |
|
Total
Non-current Liabilities (3) |
23220.124 |
22027.569 |
19343.294 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
2059.831 |
2253.584 |
|
(b)
Trade payables |
1896.034 |
1954.234 |
1974.363 |
|
(c)
Other current liabilities |
3510.579 |
2831.849 |
3544.163 |
|
(d)
Short-term provisions |
6.390 |
5.096 |
6.083 |
|
Total
Current Liabilities (4) |
5413.003 |
6851.010 |
7778.193 |
|
|
|
|
|
|
TOTAL |
36245.786 |
50226.336 |
35339.769 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
27046.839 |
27862.303 |
27774.315 |
|
(ii)
Intangible Assets |
120.699 |
117.177 |
79.079 |
|
(iii)
Capital work-in-progress |
3475.122 |
3139.553 |
1769.773 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
1142.557 |
|
(b) Non-current
Investments |
0.000 |
14030.200 |
0.200 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
189.586 |
137.157 |
1772.506 |
|
(e)
Other Non-current assets |
387.561 |
735.352 |
22.428 |
|
Total
Non-Current Assets |
31219.807 |
46021.742 |
32560.858 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
20.006 |
0.000 |
0.000 |
|
(b)
Inventories |
1394.144 |
1173.442 |
1041.882 |
|
(c)
Trade receivables |
578.597 |
499.323 |
294.494 |
|
(d)
Cash and cash equivalents |
106.683 |
557.845 |
335.078 |
|
(e)
Short-term loans and advances |
4.027 |
29.922 |
1085.808 |
|
(f)
Other current assets |
2922.522 |
1944.062 |
21.649 |
|
Total
Current Assets |
5025.979 |
4204.594 |
2778.911 |
|
|
|
|
|
|
TOTAL |
36245.786 |
50226.336 |
35339.769 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
18443.277 |
16621.039 |
4791.424 |
|
|
|
Other Income |
331.874 |
42.408 |
238.419 |
|
|
|
TOTAL |
18775.151 |
16663.447 |
5029.843 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1472.362 |
1362.501 |
1160.718 |
|
|
|
Purchases of Stock-in-Trade |
0.186 |
129.313 |
236.865 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(170.466) |
(166.847) |
(306.719) |
|
|
|
Employees benefits expense |
780.510 |
773.492 |
369.027 |
|
|
|
Exceptional Items |
14030.200 |
0.000 |
0.000 |
|
|
|
Other expenses |
12607.346 |
12074.632 |
3194.757 |
|
|
|
TOTAL |
28720.138 |
14173.091 |
4654.648 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(9944.987) |
2490.356 |
375.195 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2298.112 |
2440.800 |
998.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(12243.099) |
49.556 |
(622.810) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1498.469 |
1463.190 |
523.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(13741.568) |
(1413.634) |
(1145.952) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(13741.568) |
(1413.634) |
(1145.952) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(43.93) |
(8.83) |
(8.98) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
902.326 |
504.386 |
1824.124 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
2802.229 |
1600.973 |
(21.018) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
2794.378 |
1592.481 |
(46.560) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
11.45 |
10.97 |
22.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
31.88 |
33.29 |
16.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
469.97 |
478.14 |
515.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(7.13) |
2.12 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.32) |
0.08 |
0.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.58 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.16 |
1.15 |
2.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.71 |
0.32 |
0.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
4.03 |
1.46 |
3.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(4.33) |
1.02 |
0.38 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(74.51) |
(8.51) |
(23.92) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(37.91) |
(2.81) |
(3.24) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(180.51) |
(6.62) |
(13.94) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.93 |
0.61 |
0.36 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.67 |
0.44 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.43 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.68 |
7.84 |
18.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.93 |
0.61 |
0.36 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1275.666 |
3128.230 |
3128.230 |
|
Reserves & Surplus |
6942.616 |
18219.527 |
4484.429 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
8218.282 |
21347.757 |
7612.659 |
|
|
|
|
|
|
Long-term borrowings |
19297.510 |
21949.824 |
23137.443 |
|
Short term borrowings |
2253.584 |
2059.831 |
0.000 |
|
Current Maturities of Long
term debt |
1824.124 |
504.386 |
902.326 |
|
Total
borrowings |
23375.218 |
24514.041 |
24039.769 |
|
Debt/Equity
ratio |
2.844 |
1.148 |
3.158 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
4791.424 |
16621.039 |
18443.277 |
|
|
|
246.891 |
10.963 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
4791.424 |
16621.039 |
18443.277 |
|
Profit/ (Loss) |
(1145.952) |
(1413.634) |
(13741.568) |
|
|
-23.92% |
-8.51% |
-74.51% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G87356739 |
100165766 |
IDBI TRUSTEESHIP SERVICES LIMITED |
20/03/2018 |
20/04/2018 |
- |
830000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN |
|
2 |
G87412730 |
100165761 |
DBS BANK LTD. (ACTING AS SECURITY TRUSTEE OF DBS BANK LTD. SINGAPORE) |
19/03/2018 |
21/04/2018 |
- |
933412199.9 |
4A, NANDALAL BASU SARANIKOLKATAWB700071IN |
|
3 |
G49067481 |
100059936 |
AXIS BANK LIMITED |
19/08/2016 |
05/07/2017 |
- |
3000000000.0 |
12, A WING, 1ST FLOOR, MITTAL TOWERNARIMAN POINT, MUMBAIMUMBAIMH400021IN |
|
4 |
G87404570 |
10612638 |
IDBI TRUSTEESHIP SERVICES LIMITED |
11/01/2016 |
21/04/2018 |
- |
16903184061.0 |
ASIAN BUILDING, GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATEMUMBAIMH400001IN |
|
5 |
C42826461 |
10485397 |
IDBI TRUSTEESHIP SERVICES LIMITED |
25/02/2014 |
05/11/2014 |
- |
929629600.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN |
|
6 |
G87415931 |
10485396 |
IDBI TRUSTEESHIP SERVICES LIMITED |
25/02/2014 |
21/04/2018 |
- |
3150000000.0 |
ASIAN BUILDING, GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATEMUMBAIMH400001IN |
|
7 |
G84477991 |
10485395 |
IDBI TRUSTEESHIP SERVICES LIMITED |
25/02/2014 |
05/11/2014 |
20/04/2018 |
1301870400.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN |
|
8 |
G32893042 |
10475010 |
ICICI BANK LIMITED |
26/12/2013 |
09/12/2014 |
11/01/2017 |
3000000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
9 |
G28797181 |
10363024 |
IDBI TRUSTEESHIP SERVICES LIMITED |
18/05/2012 |
05/11/2014 |
06/12/2016 |
16118500000.0 |
ASIAN BLDG, GROUND FLOOR, 17, R. KAMANI MARGBALLARD ESTATEMUMBAIMH400001IN |
|
10 |
G11949492 |
100030537 |
SBICAP TRUSTEE COMPANY LIMITED |
23/12/2015 |
- |
25/08/2016 |
20000000000.0 |
202, MAKER TOWER E,CUFFE PARADE, COLABAMUMBAIMH400005IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Redeemable preference shares |
1000.000 |
0.000 |
|
Term loans from banks |
1161.163 |
1384.040 |
|
SHORT TERM BORROWINGS |
|
|
|
Commercial paper |
0.000 |
1478.909 |
|
|
|
|
|
Total |
2161.163 |
2862.949 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai 400710, Maharashtra, India to the present address.
AWARDS AND
RECOGNITIONS:
Ř Maihar Unit also Received International Safety Award from British Safety Council, UK under Merit category.
Ř Kundanganj Unit received International Safety Award from British Safety Council, UK under Merit category.
Ř Butibori Unit has been awarded NSCI Safety Awards - Manufacturing Sector Group D by National Safety Council.
Launch of Premium Brand Cement - MP Birla Perfect Cement:
The Company has started the exercise of rebranding of the ‘Reliance Perfect Cement’ brand as ‘MP Birla Perfect Cement’ during the fourth quarter. The M P Birla PERFECT Cement launch was supported by an extensive marketing communication on mass media and at the point of sale. A key differentiator was the technical services offered to customers through a large fleet of mobile laboratories, equipped with latest construction testing equipments. The campaign has been well received in the markets and the transition of brand has been seamless. The initiative is expected to provide impetus to increase volumes and maintain the premium pricing of the brand in the trade segment.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Railway sidings
· Computer software
·
Mining rights
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.17 |
|
UK Pound |
1 |
INR 90.47 |
|
Euro |
1 |
INR 79.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
BVA |
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.