|
|
|
MIRA INFORM REPORT
|
Report No. : |
495458 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
THE DURGAPUR PROJECTS LIMITED |
|
|
|
|
Registered
Office : |
Administrative Building, Durgapur, Burdwan – 713201, West Bengal |
|
Tel. No.: |
91-343-2555574 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.09.1961 |
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|
|
|
Com. Reg. No.: |
21-025250 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 13010.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40102WB1961SGC025250 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AABCT0595M1ZU |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCT0595M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
The Company’s Primarily consist of activities of Power
Generation, Manufacture of coke and By-product and Processing of Raw Water.
[Registered Activity] |
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|
|
|
No. of Employees
: |
Information denied 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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject was incorporated in the year 1961. It is governed by Government of West Bengal. It is a manufacturer of coke, semi-coke of coal, etc. and providing service of electrical energy. As per the financial of 2017, the company has reported a decline in its revenue as compared to the previous year and has incurred operational losses. The company possesses weak financial profile marked by huge accumulated losses which have eroded the net worth base. Rating takes into consideration the strong support the company receives from Government of West Bengal. Business is active. Payment seems to be slow. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and condition. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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
31-03-2016.
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 03.03.2018.
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 DENIED BY
|
Name : |
Mr. Suhas |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-33-24418170 |
|
Date : |
03.03.2018 |
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-343-2556991/ 2555774)
Tel No.: [91-33-24418171/ 24418172] – Ringing.
LOCATIONS
|
Registered Office/ Factory : |
Administrative Building, Durgapur, Burdwan – 713201, West Bengal, India |
|
Tel. No.: |
91-343-2555574 |
|
Fax No.: |
91-343-2556786/ 255/ 6251 |
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E-Mail : |
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|
Website : |
|
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|
|
|
Kolkata Office : |
1593, Rajdanga, Main Road, Kolkata – 700107, West Bengal, India |
|
Tel. No.: |
91-33-24418166/ 73 |
|
Fax No.: |
91-33-24418173 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrinal Kanti Mitra |
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|
Designation : |
Managing Director |
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|
Address : |
Flat No-2W, Street No.234, Plot: C E/I/C/155, Near Axis Mall, A A 1, New Town, North 24, Parganas New Town – 700156, West Bengal, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.03.1953 |
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Date of Appointment : |
01.01.2014 |
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DIN No.: |
06782661 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Debasis Sinha |
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|
Designation : |
Whole Time Director |
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|
Address : |
S/O LT. Satya Niranjan Sinha, T-7/3e Martin Luther King Road, Bidhannagar Salarpuria Garden , Durgapur Barddhaman, Bidhannagar – 713212, West Bengal, India |
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|
Date of Appointment : |
01.11.2015 |
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DIN No.: |
01077884 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Chandan Chatterjee |
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|
Designation : |
Director |
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|
Address : |
114A/P/7, Prince Anwar Shah Road, Lake Gardens, La Ke Kolkata – 700045, West Bengal, India |
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|
Date of Appointment : |
02.04.2015 |
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|
DIN No.: |
01189467 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Rajesh Pandey |
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|
Designation : |
Director |
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|
Address : |
Block E, Flat 4, 44 Ironside Road, Kolkata – 700019, West Bengal, India |
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|
Date of Appointment : |
29.01.2016 |
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DIN No.: |
03569753 |
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Other Directorship:
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||||||||||||||||||||||||
|
Name : |
Ms. Saswati Banerjee |
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|
Designation : |
Director |
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|
Address : |
1582/1, Rajdanga Main Road Purba Abasan, Bl- Df, Flat-E 7/3, Kolkata – 700107, West Bengal, India |
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|
Date of Appointment : |
21.06.2017 |
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DIN No.: |
05141833 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
|||||||||||||||||||||||||
|
Name : |
Mr. Pranab Kumar Dassharma |
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Designation : |
Director |
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|
Address : |
71a, Sultan Alma Road, Tollygunge, Kolkata – 700033, West Bengal, India |
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|
Date of Appointment : |
14.09.2017 |
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DIN No.: |
07814694 |
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Other Directorship:
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|
|||||||||||||||||||||||||
|
Name : |
Mr. Sunil Kumar Gupta |
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Designation : |
Director |
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Address : |
Ee-188/6, Sector – 2, Salt Lake, Kolkata -700091, West Bengal, India |
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|
Date of Appointment : |
14.09.2017 |
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DIN No.: |
07841512 |
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Other Directorship:
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|
|||||||||||||||||||||||||
|
Name : |
Ms. Anindya Narayan Biswas |
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Designation : |
Director |
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|
Address : |
122, Shyama Prosad, Mukherjee Road, Ward No-83, Kolkata – 700026, West Bengal, India |
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|
Date of Appointment : |
21.06.2017 |
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DIN No.: |
07040673 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Debasis Sinha |
|
Designation : |
Company Secretary |
|
Address : |
S/O LT. Satya Niranjan Sinha, T-7/3E Martin Luther King Road, Bidhannagar Salarpuria Garden , Durgapur Barddhaman, Bidhannagar – 713212, West Bengal, India |
|
Date of Appointment : |
31.03.1994 |
|
PAN No.: |
AJEPS1202P |
|
|
|
|
Name : |
Mr. Pradip Kumar Mitra |
|
Designation : |
Chief Fiancial Officer |
|
Address : |
Flat -11F, Block-2, Ekta Heights 56, Raja S.C.Mullick Road, Kolkata - 700032, West Bengal, India |
|
Date of Appointment : |
22.02.2017 |
|
PAN No.: |
AENPM0919B |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
The Honble Governor of West Bengal |
|
13009994 |
|
S Kishore, IAS |
|
01 |
|
Anindya Narayan Biswas |
|
01 |
|
Saswati Banerlee |
|
01 |
|
Sanatan Kumar Gayen |
|
01 |
|
Utpal Biswas |
|
01 |
|
M.K Mitra |
|
01 |
|
Total |
|
13010000 |
AS ON 20.12.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Government – State Government] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company’s Primarily consist of activities of Power
Generation, Manufacture of coke and By-product and Processing of Raw Water. [Registered
Activity] |
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|
Products / Services
: |
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||||||
|
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Brand Names : |
Not Available |
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|
||||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
|
||||||
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Imports : |
Not Divulged |
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|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
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No. of Employees : |
Information denied by the management |
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|
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Bankers : |
|
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|
|
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|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Nundi and Associates Chartered Accountants |
|
Address : |
3E, Hasting Chambers, Kolkata – 700001, West Bengal, India |
|
PAN No.: |
AABFN8885B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary: |
DPL Coke Oven Limited [CIN No.: U23100WB2011SGC161115] |
CAPITAL STRUCTURE
AS ON 20.12.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 1000/- each |
INR 15000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13010000 |
Equity Shares |
INR 1000/- each |
INR 13010.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
13010.000 |
12516.300 |
12516.300 |
|
(b) Reserves &
Surplus |
(23021.954) |
(17564.953) |
(14323.310) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
493.700 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
(10011.954) |
(4554.953) |
(1807.010) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
27273.499 |
25552.581 |
21441.418 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
8394.621 |
7783.312 |
7286.598 |
|
(d) long-term provisions |
1488.287 |
1503.322 |
1418.431 |
|
Total Non-current
Liabilities (3) |
37156.407 |
34839.215 |
30146.447 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
373.939 |
223.942 |
96.767 |
|
(b) Trade payables |
5843.120 |
4975.903 |
4495.068 |
|
(c) Other current
liabilities |
6915.199 |
6654.713 |
8492.720 |
|
(d) Short-term provisions |
283.657 |
299.670 |
255.226 |
|
Total Current Liabilities
(4) |
13415.915 |
12154.228 |
13339.781 |
|
|
|
|
|
|
TOTAL |
40560.368 |
42438.490 |
41679.218 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
29596.854 |
31650.859 |
32533.540 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
518.062 |
433.720 |
568.653 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
45.758 |
45.758 |
3.523 |
|
(c) Deferred tax assets
(net) |
0.000 |
118.300 |
118.300 |
|
(d) Long-term Loan and Advances |
148.818 |
148.662 |
173.335 |
|
(e) Other Non-current
assets |
1446.196 |
1238.013 |
2504.557 |
|
Total Non-Current Assets |
31755.688 |
33635.312 |
35901.908 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1236.736 |
1095.430 |
1039.592 |
|
(c) Trade receivables |
3419.372 |
3386.526 |
2215.736 |
|
(d) Cash and cash
equivalents |
643.768 |
1144.008 |
294.288 |
|
(e) Short-term loans and
advances |
80.723 |
160.091 |
244.536 |
|
(f) Other current assets |
3424.081 |
3017.123 |
1983.158 |
|
Total Current Assets |
8804.680 |
8803.178 |
5777.310 |
|
|
|
|
|
|
TOTAL |
40560.368 |
42438.490 |
41679.218 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
10102.035 |
10394.747 |
10283.848 |
|
|
Other Income |
69.262 |
145.869 |
583.022 |
|
|
TOTAL |
10171.297 |
10540.616 |
10866.870 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5151.695 |
4748.138 |
4127.813 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
3673.872 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
72.355 |
(0.083) |
223.623 |
|
|
Employees benefits
expense |
1902.229 |
2170.037 |
1904.962 |
|
|
Other expenses |
2744.049 |
2238.420 |
938.730 |
|
|
Exceptional Items |
0.000 |
0.000 |
(44.716) |
|
|
TOTAL |
9870.328 |
9156.512 |
10824.284 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
300.969 |
1384.104 |
42.586 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3400.084 |
3243.157 |
2153.107 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(3099.115) |
(1859.053) |
(2110.521) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2262.108 |
1414.838 |
1135.458 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(5361.223) |
(3273.891) |
(3245.979) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(5361.223) |
(3273.891) |
(3245.979) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
(421.08) |
(261.57) |
(259.34) |
|
|
Diluted |
(421.08) |
(261.57) |
(267.30) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current maturities
of Long Term Borrowing : (Payable within 12
months from the reporting date) |
|
|
|
|
(i) Loan from United Bank of India |
0.000 |
46.000 |
46.000 |
|
(ii) Loan from Power Finance Corporation Limited. |
|
|
0 |
|
-- for Term Loan |
0.000 |
0.000 |
447.195 |
|
-- for T & D |
22.631 |
0.000 |
99.995 |
|
-- for Unit No 7 |
230.755 |
0.000 |
713.365 |
|
-- for Unit No 8 |
214.860 |
4.142 |
1017.379 |
|
-- for Short Term Loan |
0.000 |
925.139 |
729.657 |
|
Total |
468.246 |
929.281 |
3053.591 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activities |
1669.488 |
2857.662 |
3229.635 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
123.55 |
118.91 |
78.64 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
2.95 |
3.07 |
4.64 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
413.99 |
382.51 |
210.30 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.24 |
1.26 |
0.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.01 |
0.04 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.01 |
0.91 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(2.81) |
(5.86) |
(13.61) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(1.34) |
(2.67) |
(7.38) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(3.01) |
(7.04) |
(18.32) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.09 |
0.43 |
0.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
(53.07) |
(31.50) |
(31.56) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(13.22) |
(7.71) |
(7.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
53.55 |
71.88 |
179.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.66 |
0.72 |
0.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.56 |
0.63 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.25) |
(0.11) |
(0.04) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.16 |
2.13 |
1.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
0.66 |
0.72 |
0.43 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
12516.300 |
12516.300 |
13010.000 |
|
Reserves & Surplus |
(14323.310) |
(17564.953) |
(23021.954) |
|
Share Application money pending allotment |
0.000 |
493.700 |
0.000 |
|
Net
worth |
(1807.010) |
(4554.953) |
(10011.954) |
|
|
|
|
|
|
Long Term borrowings |
21441.418 |
25552.581 |
27273.499 |
|
Short Term borrowings |
96.767 |
223.942 |
373.939 |
|
Current Maturities of Long term debt |
3053.591 |
929.281 |
468.246 |
|
Total
borrowings |
24591.776 |
26705.804 |
28115.684 |
|
Debt/Equity
ratio |
(13.609) |
(5.863) |
(2.808) |
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
|
10283.848 |
10394.747 |
10102.035 |
|
|
|
1.078 |
(2.816) |
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 |
10283.848 |
10394.747 |
10102.035 |
|
Profit/ (Loss) |
(3245.979) |
(3273.891) |
(5361.223) |
|
|
(31.56%) |
(31.50%) |
(53.07%) |
LEGAL
CASE 1
|
High Court of Calcutta - Original Side |
|
Case Status Information System |
|
Case Status : |
Pending |
|
Status Of : |
APPEAL FROM ORDER (APO) 119 Of 2016 |
|
Litigants : |
TATA STEEL LIMITED (FORMERLY THE TATA IR Vs. THE DURGAPUR PROJECT LIMITED. |
|
Pet's Adv : |
DALIA BHATTACHARJEE |
|
Res's Adv : |
|
|
Last Date of
Hearing : |
Thursday, April 28, 2016 |
|
Next / Final Date
of Hearing : |
Tuesday, January 03, 2017 |
|
Case Updated On : |
Tuesday, January 03, 2017 |
|
Category : |
--- |
|
Connected Application(s) |
||
|
No Connected Application |
||
|
Connected Matter(s) |
||
|
AP |
129 |
2005 |
LEGAL
CASE 2
|
High Court of Calcutta - Original Side |
|
Case Status Information System |
|
Case Status : |
Pending |
|
Status Of : |
TEMP APO (APOT) 52 Of 2016 |
|
Litigants : |
TATA STEEL LIMITED (FORMERLY THE TATA IR VS. THE DURGAPUR PROJECT LIMITED |
|
Pet's Adv : |
DALIA BHATTACHARJEE |
|
Res's Adv : |
|
|
Last Date of
Hearing : |
--- |
|
Next / Final Date
of Hearing : |
Thursday, April 28, 2016 |
|
Case Updated On : |
Thursday, April 07, 2016 |
|
Category : |
--- |
|
Connected Application(s) |
|
GA |
610 |
2016 |
|
Connected Matter(s) |
|
AP |
129 |
2005 |
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 |
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 |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
Subject is a multi – unit, multi-product West Bengal State Government Enterprise and incorporated under the provisions of the Companies Act, 1956. The Company comprises of Power Station, Coke Oven Group of Plants (COGP) and Water Works, all three being different profit centers located at Durgapur, West Bengal.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C68922277 |
10600113 |
POWER FINANCE
CORPORATION LIMITED |
16/10/2015 |
- |
- |
625300000.0 |
"URJANIDHI",
BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI
- 110001, INDIA |
|
2 |
C63190185 |
10413363 |
POWER FINANCE
CORPORATION LIMITED |
22/03/2013 |
21/08/2015 |
- |
6875000000.0 |
'URJANIDHI',
BARAKHAMBA LANE,CONNAUGHT PLACE, NEW DELHI – 110001, INDIA |
|
3 |
C50102854 |
10300461 |
UNITED BANK OF
INDIA |
19/07/2011 |
18/03/2015 |
- |
1299000000.0 |
COKE OVEN
BRANCHDR.B.C.ROY AVENUEDURGAPURWB713201IN |
|
4 |
G36707776 |
10619079 |
POWER FINANCE
CORPORATION LIMITED |
10/02/2016 |
- |
17/02/2017 |
1100000000.0 |
"URJANIDHI",
BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI – 110001, , INDIA |
|
5 |
G03814324 |
10416013 |
POWER FINANCE
CORPORATION LIMITED |
22/03/2013 |
- |
19/05/2016 |
1250000000.0 |
'URJANIDHI', 1, BARAKHAMBA
LANE, CONNAUGHT PLACE, NEW DELHI – 110001, , INDIA |
|
6 |
C71729362 |
10506045 |
POWER FINANCE
CORPORATION LIMITED |
26/06/2014 |
- |
16/11/2015 |
550000000.0 |
'URJANIDHI', 1,
BARAKHAMBA LANE,CONNAUGHT PLACE, NEW DELHI – 110001, INDIA |
FIXED ASSETS:
Tangible Assets
· Land
· Lease Hold Land
· Building
· Plant and Machinery
· Furniture & Fittings( incl. Office Equipments)
· Vehicles
· Railway Lines & Sidings
· Locomotive & Rolling Stock
· Electrical Installations
· Library
WEBSITE DETAILS:
PRESS RELEASE/ NEWS
DURGAPUR PROJECTS TO
BECOME SUBSIDIARY OF WBPDC: EDUCATION MINISTER
Existing employees,
both permanent and contractual of DPL, will not be affected in any way,
Education Minister Partha Chatterjee said after a Cabinet meeting at the state
Assembly here.
November 28, 2017
Kolkata: The Mamata Banerjee government has decided to merge the ailing Durgapur Projects Limited (DPL) with the West Bengal Power Development Corporation Limited as its subsidiary unit.
Existing employees, both permanent and contractual of DPL, will not be affected in any way, Education Minister Partha Chatterjee said after a Cabinet meeting at the state Assembly here.
DPL currently has around 3,000 employees on its rolls. "Our focus is to revive the DPL," Chatterjee said.
According to official sources, DPL's distribution and transmission departments would be transferred to the West Bengal State Electricity Distribution Company Limited and the West Bengal Electricity Transmission Company Limited.
With a total capacity of 660 MW, the state-owned DPL is one of the most important industrial units in the Durgapur-Asansol belt.
The company has been dependent on power generation for revenue after its coke-oven unit stopped operations last year.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 65.10 |
|
|
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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.