|
|
|
MIRA INFORM REPORT
|
Report No. : |
509135 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMBUJA CEMENTS LIMITED |
|
|
|
|
Registered
Office : |
P.O. Ambuja Nagar, Talika Kodinar, Amreli District, Junagadh – 362715,
Gujarat |
|
Tel. No.: |
91-2795-237000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2017 |
|
|
|
|
Date of
Incorporation : |
20.10.1981 |
|
|
|
|
Com. Reg. No.: |
04-004717 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3971.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L26942GJ1981PLC004717 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2488000337 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG0569P |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacture of Clinkers and Cement. [Registered activity and also
confirmed by management] |
|
|
|
|
No. of Employees
: |
5,183 (Approximately) |
|
MIRA’s Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1981 and it is having excellent track records. It is among the most efficient cement players in the country. The company’s products are well received in the market. It has strong market position. For the financial year 2017, the company has increased in its revenue from operation as compared to previous year and maintained average profitability margin of 11.14%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and negligible debt balance sheet. Further, rating also reflects from its experience of the promoters along with established track records of business operations as well as well- known market position and healthy improvement in the revenue and profitability profile during the year. Moreover, rating gain strength on company market position is further strengthened by its operational linkages with ACC. Along with ACC the group has a majority of share in the Indian cement market. However, rating strength is partially offset by cyclical downturns in the cement industry will result in slow off take and bringing down the operating rates and intense competition from industry. Trade relations are reported as fair. Business is active. Payments terms are seem to be regular. In view of the 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.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
25.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
25.01.2018 |
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 14.05.2018
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 PARTED BY
|
Name : |
Mr. Tateen Kumar |
|
Designation : |
Manager |
|
Contact No.: |
91-9920142610 |
|
Date : |
12.05.2018 |
LOCATIONS
|
Registered Office/Factory : |
P.O. Ambuja Nagar, Talika Kodinar, Amreli District, Junagadh – 362715,
Gujarat, India |
|
Tel. No.: |
91-22-66167000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head / Corporate Office: |
Elegant Business Park, Behind Kotak Mahindra Bank, MIDC Cross Road ‘B’, Off Andheri-Kurla Road, J. B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel No.: |
91-22-66167000 / 40667000 |
|
Fax No.: |
91-22-66167711/40667711 |
|
Website. |
|
|
|
|
|
Plant : |
Located at: · Ambuja Nagar, Taluka Kodinar, District- Gir Somnath, Gujarat, India · Darlaghat, District: Solan, Himachal Pradesh, India · Maratha Cement Works, District: Chandrapur, Maharashtra, India · Rabiyawas, District. Pali, Rajasthan, India · Bhatapara, District. Raipur, Chhattisgarh, India |
|
Grinding Stations: |
Located at: · Roopnagar, Punjab · Bhathinda, Punjab · Sankrail, District. Howrah, West Bengal · Farakka Dist Murshidabad, West Bengal · Roorkee, District. Haridwar, Uttaranchal · Dadri, District. Gautam Budh Nagar, Uttar Pradesh · Nalagarh, District. Solan, Himachal Pradesh ·
Magdalla, District. Surat, Gujarat |
|
|
|
|
Bulk Cement
Terminals: |
Located at: · Muldwarka, District. Gir, Gujarat · Panvel, District. Raigarh, Maharashtra · Cochin, Kerala ·
Mangalore, Karnataka |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Narotam Satyanarayan Sekhsaria |
|
Designation : |
Chairman and Principal Founder |
|
Address : |
Bhagwati Bhavan, 31 B Carmichael Road, Behind Jaslok Hospital, Cumballa Hill, Mumbai – 400026, Maharashtra, India |
|
Date of Appointment : |
10.11.1982 |
|
DIN No.: |
00276351 |
|
|
|
|
Name : |
Mr. Ajay Kapur |
|
Designation : |
Managing Director |
|
Address : |
No. 2, Southlands, S. B. Singh Road, Colaba, Mumbai – 400005, Maharashtra, India |
|
Date of Appointment : |
25.07.2013 |
|
DIN No.: |
03096416 |
|
|
|
|
Name : |
Mr. Nasser Munje |
|
Designation : |
Director |
|
Address : |
Benedict Villa, House No.471, Saud Vaddo, Chorao Island, Tiswadi – 403102, Goa, India |
|
Date of Appointment : |
16.08.2001 |
|
DIN No.: |
00010180 |
|
|
|
|
Name : |
Mr. Rajendra P. Chitale |
|
Designation : |
Director |
|
Address : |
131/B, Tanna Residency Bayview, Opposite Siddhi, Vinayak Temple, 392, V. S. Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Appointment : |
04.07.2006 |
|
DIN No.: |
00015986 |
|
|
|
|
Name : |
Mr. Shailesh Haribhakti |
|
Designation : |
Director |
|
Address : |
10 and 11 Sahil Apartment, S K Barodawala Road, 14 Altamount Road, Cumballa Hill, Mumbai – 400026, Maharashtra, India |
|
Date of Appointment : |
03.05.2006 |
|
DIN No.: |
00007347 |
|
|
|
|
Name : |
Dr. Omkar Goswami |
|
Designation : |
Director |
|
Address : |
E-121, Masjid Moth, First Floor, Greater Kailash-III, New Delhi – 110048, India |
|
Date of Appointment : |
20.07.2006 |
|
DIN No.: |
00004258 |
|
|
|
|
Name : |
Mr. Haigreve Khaitan |
|
Designation : |
Director |
|
Address : |
1104 Sterling Seaface, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Appointment : |
27.07.2012 |
|
DIN No.: |
00005290 |
|
|
|
|
Name : |
Ms. Usha Sangwan |
|
Designation : |
Director |
|
Date of Birth: |
01.10.1958 |
|
Address: |
A-5, Jeevan Jyot, Napeansea Road, Mumbai – 400036, Maharashtra, India |
|
Qualification: |
Master’s Degree in Economics and a Post Graduate Diploma in Human Resource Management. |
|
Date of Appointment: |
24.04.2014 |
|
DIN No.: |
02609263 |
|
|
|
|
Name : |
Mr. Bhanwarlal Jivanmal Taparia |
|
Designation : |
Director |
|
Date of Birth: |
05.07.1950 |
|
Address : |
301,Saraswati Darshan , Link Road, Bangurnagar ,Goregaon (West), Mumbai – 400090, Maharashtra, India |
|
Qualification: |
B.com, LL.B., F.C.S. |
|
Date of Appointment: |
01.09.2012 |
|
DIN No.: |
00016551 |
|
|
|
|
Name : |
Martin Kriegner |
|
Designation : |
Director |
|
Address : |
7, Jln Balau Bukit, Damansara Kuala, Lumpur 050490 Mysore |
|
Date of Appointment : |
11.02.2016 |
|
DIN No.: |
00077715 |
|
|
|
|
Name : |
Christof Werner Hassig |
|
Designation : |
Director |
|
Address : |
Brunnenhofli 16 Wangen 8855 |
|
Date of Appointment : |
09.12.2015 |
|
DIN No.: |
01680305 |
|
|
|
|
Name : |
Jan Philipp Jenisch |
|
Designation : |
Additional Director |
|
Address : |
Hofstrasse 22 8808 Pfaffikon 8808 Switzerland |
|
Date of Appointment : |
24.10.2017 |
|
DIN No.: |
07957196 |
|
|
|
|
Name : |
Roland Lothar Eberhard Kohler |
|
Designation : |
Additional Director |
|
Address : |
Churerstrasse 60 8808 Pfaffikon Switzerland 8808 Switzerland |
|
Date of Appointment : |
20.02.2018 |
|
DIN No.: |
08069722 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv Natvarlal Gandhi |
|
Designation : |
Company Secretary |
|
Address: |
104 1st Floor ,Park West-4, Kulupwadi Road, Raheja Estate, Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Date of Appointment : |
01.08.2012 |
|
PAN No.: |
AAJPG9845Q |
|
|
|
|
Name : |
Mr. Suresh Joshi |
|
Designation : |
Chief Financial Officer |
|
Address: |
1901, B-Wing, 19th Floor, Neptune Sun Society, Adi Shankar Marg, Mumbai – 400076, Maharashtra, India |
|
Date of Appointment : |
01.02.2016 |
|
PAN No.: |
ADWPJ2119C |
|
|
|
|
EXECUTIVE COMMITTEE |
|
|
Name : |
Mr. Ajay Kapur |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Suresh Joshi |
|
Designation : |
Chief Central Officer |
|
|
|
|
Name : |
Mr. Vilas Deshmukh |
|
Designation : |
Chief Manufacturing Officer |
|
|
|
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Chief Marketing Officer |
|
|
|
|
Name : |
Ms. Meenakshi Narain |
|
Designation : |
Chief HR Officer |
|
|
|
|
Name : |
Mr. Henning Sasse |
|
Designation : |
Head of Techport |
|
|
|
|
Name : |
Mr. Rajiv Malhotra |
|
Designation : |
Chief Procurement Officer |
|
|
|
|
COMMITTEES OF
DIRECTORS |
|
|
|
|
|
Audit Committee |
Mr. Rajendra P. Chitale - Chairman Mr. Nasser Munjee Dr. Omkar Goswami Mr. Martin Kriegner Mr. Ajay Kapur - Permanent Invitee Mr. B. L. Taparia - Permanent Invitee |
|
|
|
|
Nomination and Remuneration Committee |
Mr. Nasser Munjee - Chairman Mr. N. S. Sekhsaria Mr. Shailesh Haribhakti Mr. Martin Kriegner Mr. Eric Olsen - Permanent Invitee Mr. Ajay Kapur - Permanent Invitee |
|
|
|
|
Compliance
Committee |
Mr. Haigreve Khaitan - Chairman Dr. Omkar Goswami Mr. Shailesh Haribhakti Mr. B. L. Taparia Mr. Ajay Kapur |
|
|
|
|
Corporate Social Responsibility Committee
|
Mr. N. S. Sekhsaria - Chairman Mr. Nasser Munjee Mr. Rajendra P. Chitale Mr. Martin Kriegner Mr. B. L. Taparia Mr. Ajay Kapur |
|
|
|
|
Risk Management
Committee |
Mr. Rajendra P. Chitale - Chairman Mr. Nasser Munjee Mr. Shailesh Haribhakti Dr. Omkar Goswami Mr. Ajay Kapur |
|
|
|
|
Stakeholders’ Relationship Committee |
Mr. Rajendra P. Chitale - Chairman Mr. Haigreve Khaitan Mr. Ajay Kapur Mr. B. L. Taparia |
|
|
|
|
Management Committee |
Mr. Rajendra P. Chitale - Chairman Mr. Shailesh Haribhakti Mr. B. L. Taparia Mr. Ajay Kapur |
SHAREHOLDING PATTERN
AS ON March 2018
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
1253156361 |
63.55 |
|
(B) Public |
718827388 |
36.45 |
|
(C) Non
Promoter-Non Public |
13661480 |
0.00 |
|
Grand Total |
1985645229 |
100.00 |
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Any Other
(specify) |
1253156361 |
63.55 |
|
Holderind
Investments Limited |
1253156361 |
63.55 |
|
Sub Total A2 |
1253156361 |
63.55 |
|
A=A1+A2 |
1253156361 |
63.55 |
Statement showing shareholding pattern of the Public
shareholder
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
B1) Institutions |
0 |
0.00 |
|
Mutual Funds/ |
95477940 |
4.84 |
|
Reliance capital
trustee co. Limited. - a/c reliance tax saver (ELSS) fund |
25293475 |
1.28 |
|
Foreign Portfolio
Investors |
324357177 |
16.45 |
|
Europacific
Growth Fund |
52190000 |
2.65 |
|
Government of
Singapore |
23045252 |
1.17 |
|
Financial
Institutions/ Banks |
159806891 |
8.10 |
|
Life Insurance
Corporation of India |
131232478 |
6.65 |
|
Any Other
(specify) |
30250 |
0.00 |
|
Foreign Bank |
9250 |
0.00 |
|
Unit Trust of
India |
21000 |
0.00 |
|
Sub Total B1 |
579672258 |
29.40 |
|
B2) Central
Government/ State Government(s)/ President of India |
0 |
0.00 |
|
Central
Government/ State Government(s)/ President of India |
2756344 |
0.14 |
|
Sub Total B2 |
2756344 |
0.14 |
|
B3) Non-Institutions |
0 |
0.00 |
|
Individual share
capital upto INR 0.200 million |
82812345 |
4.20 |
|
Individual share
capital in excess of INR 0.200 million |
6356825 |
0.32 |
|
Any Other
(specify) |
47229616 |
2.40 |
|
Trusts |
13222790 |
0.67 |
|
Foreign Nationals |
3850 |
0.00 |
|
HUF |
1426589 |
0.07 |
|
Non-Resident
Indian (NRI) |
11441451 |
0.58 |
|
Overseas
Corporate Bodies |
12870 |
0.00 |
|
Clearing Members |
1737352 |
0.09 |
|
Bodies Corporate |
18710527 |
0.95 |
|
Others |
674187 |
0.03 |
|
Sub Total B3 |
136398786 |
6.92 |
|
B=B1+B2+B3 |
718827388 |
36.45 |
Statement showing shareholding pattern of the
Non-Promoter- Non Public shareholder
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
C1) Custodian/DR
Holder |
|
0.00 |
|
Custodian/DR
Holder |
13661480 |
0.00 |
|
Sub Total C1 |
13661480 |
0.00 |
|
C2) Employee
Benefit Trust |
|
0.00 |
|
C= C1+C2 |
13661480 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Clinkers and Cement. [Registered activity and also confirmed
by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, Cheque, Credit (30 / 60 Days) and Ohers (NEFT / RTGS) |
||||
|
|
|||||
|
Purchasing : |
Advance Payment, Cheque, Credit (30 / 60 Days) and Ohers (NEFT / RTGS) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users, Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
5,183 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Canara Bank · Corporation Bank · Kotak Mahindra Bank Limited ·
Andhra Bank |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Statutory Auditors: |
|
|
Name : |
SRBC and Company LLP Chartered Accountant |
|
Address : |
14TH Floor, The Ruby 29 Senapati Bapat Marg, Dadar (West),
Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
|
|
|
Cost Auditors : |
P.M. Nanabhoy and Company Chartered Accountants |
|
|
|
|
Secretarial Auditors : |
Rathi and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding
Company [AS ON 2016] : |
·
LafargeHolcim Limited (Formerly known as
Holcim Limited), Switzerland |
|
|
|
|
Intermediate
Holding Company : [AS ON 2016] : |
· Holderfin B.V., Netherlands |
|
|
|
|
Holding Company [AS
ON 2016] : |
· Holderind Investments Limited, Mauritius |
|
|
|
|
Subsidiary, (erstwhile Fellow Subsidiary)
pursuant to amalgamation of Holcim (India) Private Limited with the Company
w.e.f. 12.08.2016 (Appointed date 01.04.2013) [AS ON 2016] : |
· ACC Limited |
|
|
|
|
Subsidiary (Liquidated w.e.f 10.05.2016)
[AS ON 2016] : |
· Kakinada Cements Limited |
|
|
|
|
Subsidiary (w.e.f.12.08.2016), Joint
Venture (w.e.f. 13.08.2015 upto 12.08.2016) [AS ON 2016] : |
· OneIndia BSC Private Limited |
|
|
|
|
Subsidiary [AS ON 2016] : |
· M.G.T. Cements Private Limited · Chemical Limes Mundwa Private Limited · Dang Cement Industries Private Limited, Nepal · Dirk India Private Limited |
|
|
|
|
Joint Venture [AS ON 2016] : |
· Wardha Vaalley Coal Field Private Limited · Counto Microfine Products Private Limited |
|
|
|
|
Subsidiary of ACC Limited [AS ON 2016] : |
· ACC Mineral Resources Limited · Lucky Minmat Limited · National Limestone Company Private Limited · Singhania Minerals Private Limited · Bulk Cement Corporation (India) Limited |
|
|
|
|
Associate of ACC Limited [AS ON 2016] : |
· Alcon Cement Company Private Limited · Asian Concretes and Cements Private Limited · Aakaash Manufacturing Company Private Limited |
|
|
|
|
Joint Venture of ACC Mineral Resources
Limited [AS ON 2016] : |
· MP AMRL (Semaria) Coal Company Limited · MP AMRL (Bicharpur) Coal Company Limited · MP AMRL (Marki Barka) Coal Company Limited · MP AMRL (Morga) Coal Company Limited |
|
|
|
|
Fellow Subsidiary amalgamated with the
Company w.e.f. 12.08.2016 [AS ON 2016] : |
· Holcim (India) Private Limited |
|
|
|
|
Fellow Subsidiary [AS ON 2016] : |
· Holcim (Lanka) Limited, Sri Lanka (Upto 10.08.2016) · Holcim Group Services Limited, Switzerland · Holcim Technology Limited, Switzerland · Holcim Philippines, Inc., Philippines · Holcim Services (South Asia) Limited · Holcim Trading FZCO, UAE · LH Trading Pte Limited, Singapore (Formerly known as Holcim Trading Pte Limited) · Holcim Cement (Bangladesh) Limited, Bangladesh · Holcim (Romania) S.A., Romania · LafargeHolcim Energy Solutions S.A.S., France (w.e.f. 01.07.2015) · Holcim Technology (Singapore) Pte Limited, Singapore · Thalamar Shipping AG, Switzerland · Lafarge India Private Limited (w.e.f. 10.07.2015 and upto 04.10.2016) · Geocycle (Deutschland) Gmbh., Deutschland |
CAPITAL STRUCTURE
AS ON 31.12.2017
Authorised Capital : Not
Divulged
Issued, Subscribed & Paid-up Capital : INR 3971.300 Million
AS ON 31.12.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000000 |
Equity Shares |
INR 2/- each |
INR 80000.000 Million |
|
150000000 |
Preference Shares |
INR 10/- each |
INR 1500.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 81500.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1985971749 |
Equity Shares |
INR 2/- each |
INR 3971.943 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1985645229 |
Equity Shares [* Consequent to and as part of the amalgamation of Holcim (India) Private Limited (HIPL) with the Company, the Authorised Equity Share Capital of the Company stands increased to INR 80000.000 million made up of 40,000,000,000 equity shares of INR 2 each from “effective date” 12th August, 2016.] |
INR 2/- each |
INR 3971.290 Million |
|
|
|
|
|
Additional
information:
a) Reconciliation of equity shares outstanding
|
Equity Shares |
Number
of Shares |
Amount
|
|
At the beginning of the year |
1551897421 |
3103.800 |
|
Add : Issued against Employee Stock Option Schemes
(ESOS) |
|
|
|
Less : Shares of the Company held by HIPL,
cancelled pursuant to the Scheme of amalgamation |
150670120 |
301.300 |
|
Add : Shares issued pursuant to the Scheme of
amalgamation |
584417928 |
1168.800 |
|
At the end of the year |
1985645229 |
3971.300 |
b)
Rights,
preferences and restrictions attached to equity shares
The Company has only one class of equity shares having a par value of INR 2 per share. Each shareholder is entitled to one vote per equity share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation of the Company, the equity shareholders are eligible to receive remaining assets of the Company, in proportion to their shareholding, after distribution of all preferential amounts.
c) Equity shares held by holding Company,
ultimate holding Company and their subsidiaries:
|
Equity Shares |
Number
of Shares |
|
Holderind Investments Limited, Mauritius 1253156361 Equity
shares of INR 2 each fully paid-up |
2506.300 |
|
Holcim (India) Private Limited, amalgamated with the Company Nil
Equity shares of INR 2 each fully paid-up |
-- |
d)
Details
of equity shares held by shareholders holding more than 5% shares in the
Company:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Holderind Investments Limited, Mauritius |
1253156361 |
63.11% |
|
Holcim (India) Private Limited, amalgamated with
the Company |
-- |
-- |
|
Life Insurance Corporation of India |
131404954 |
6.62% |
As per the records of the Company, including its register of shareholders / members and other declarations received from shareholders regarding beneficial interest, the above shareholding represent both legal and beneficial ownership of shares.
e) Outstanding tradable warrants and right shares kept in abeyance exercisable into 186,690 (previous year- 186690) and 139830 (previous year - 139830) equity shares of INR 2 each fully paid-up respectively.
f) Aggregate number of shares issued for
consideration other than cash during the period of five years immediately
preceding the reporting date:
Pursuant to the Scheme of amalgamation of Holcim (India)
Private Limited (HIPL) with the Company, 584417928 equity shares were allotted
as fully paid up to the equity shareholders of HIPL, without Payment being
received in cash.
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.12.2017 |
31.12.2016 |
31.12.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3971.300 |
3971.300 |
3103.800 |
|
(b) Reserves &
Surplus |
195760.800 |
186764.300 |
99964.900 |
|
(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) |
199732.100 |
190735.600 |
103068.700 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
241.200 |
235.800 |
226.800 |
|
(b) Deferred tax
liabilities (Net) |
4583.600 |
4928.900 |
5649.000 |
|
(c) Other long term
liabilities |
89.400 |
79.500 |
59.900 |
|
(d) long-term provisions |
352.300 |
452.800 |
354.000 |
|
Total Non-current
Liabilities (3) |
5266.500 |
5697.000 |
6289.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
10288.600 |
8969.800 |
6798.200 |
|
(c) Other current
liabilities |
30013.900 |
14642.600 |
14619.300 |
|
(d) Short-term provisions |
870.800 |
12497.300 |
10843.400 |
|
Total Current Liabilities
(4) |
41173.300 |
36109.700 |
32260.900 |
|
|
|
|
|
|
TOTAL |
246171.900 |
232542.300 |
141619.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
56934.500 |
59783.600 |
60917.200 |
|
(ii) Intangible Assets |
285.400 |
2.900 |
3.100 |
|
(iii) Capital
work-in-progress |
3979.200 |
3200.200 |
4141.200 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(v) Investments in
subsidiaries and joint ventures |
118151.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
296.000 |
118447.000 |
1069.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
665.200 |
6826.400 |
7207.100 |
|
(e) Other Non-current
assets |
10938.300 |
3192.700 |
2795.700 |
|
Total Non-Current Assets |
191249.600 |
191452.800 |
76133.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
10650.200 |
21192.300 |
|
(b) Inventories |
10525.000 |
9375.400 |
8954.500 |
|
(c) Trade receivables |
3079.700 |
3000.800 |
2863.600 |
|
(d) Cash and cash
equivalents |
34970.700 |
14128.700 |
28483.900 |
|
(e) Short-term loans and
advances |
302.900 |
3589.200 |
3362.600 |
|
(f) Other current assets |
6044.000 |
345.200 |
629.100 |
|
Total Current Assets |
54922.300 |
41089.500 |
65486.000 |
|
|
|
|
|
|
TOTAL |
246171.900 |
232542.300 |
141619.300 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.12.2017 |
31.12.2016 |
31.12.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
112148.700 |
92678.200 |
94614.000 |
|
|
|
|
Other Income |
3590.900 |
5762.300 |
3581.900 |
|
|
|
|
TOTAL |
115739.600 |
98440.500 |
98195.900 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
9093.300 |
7766.800 |
7971.100 |
|
|
|
|
Purchase of Stock-in-trade |
0.000 |
0.000 |
42.000 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress
and stock-in-trade |
(628.300) |
(301.900) |
253.900 |
|
|
|
|
Excise duty |
7680.200 |
0.000 |
0.000 |
|
|
|
|
Employee Benefits Expenses |
6613.700 |
5937.200 |
5895.200 |
|
|
|
|
Power and fuel |
22342.000 |
18319.600 |
20529.400 |
|
|
|
|
Freight and forwarding expenses |
28719.800 |
24728.400 |
25096.800 |
|
|
|
|
Self-consumption of cement |
0.000 |
(17.200) |
(40.900) |
|
|
|
|
Other expenses |
18926.600 |
19418.400 |
19551.800 |
|
|
|
|
TOTAL |
92747.300 |
75851.300 |
79299.300 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
22992.300 |
22589.200 |
18896.600 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
1071.900 |
714.800 |
917.900 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
21920.400 |
21874.400 |
17978.700 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
5729.200 |
8501.300 |
6256.600 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
16191.200 |
13373.100 |
11722.100 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
3695.500 |
3672.200 |
3646.500 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
12495.700 |
9700.900 |
8075.600 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B. value of exports |
NA |
311.100 |
48.100 |
|
|
|
|
Royalty, professional and consultation fees |
NA |
3.800 |
10.100 |
|
|
|
|
Other |
NA |
48.700 |
44.700 |
|
|
|
TOTAL EARNINGS |
NA |
363.600 |
102.900 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
NA |
89.700 |
267.400 |
|
|
|
|
Components and spare parts |
NA |
346.600 |
368.700 |
|
|
|
|
Capital goods |
NA |
733.800 |
248.700 |
|
|
|
|
Fuels |
NA |
2315.600 |
3574.200 |
|
|
|
TOTAL IMPORTS |
NA |
3485.700 |
4459.000 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
|
|
|
||
|
|
-
Basic |
6.29 |
4.89 |
5.21 |
||
|
|
-
Diluted |
6.29 |
4.88 |
5.21 |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2017 |
31.12.2016 |
31.12.2015 |
|
Current Maturities of Long term debt |
NA |
132.300 |
100.600 |
|
Cash generated from operations |
NA |
17341.000 |
15950.000 |
|
Net cash flow from operating activities |
NA |
14153.900 |
15528.100 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2017 |
31.12.2016 |
31.12.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
10.02 |
11.82 |
11.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
36.42 |
30.88 |
33.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
412.98 |
421.53 |
309.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.18 |
2.41 |
2.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.38 |
0.36 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2017 |
31.12.2016 |
31.12.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.17 |
0.16 |
0.23 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.21 |
0.19 |
0.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.31 |
0.33 |
0.63 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
21.45 |
31.60 |
20.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2017 |
31.12.2016 |
31.12.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
11.14 |
10.47 |
8.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.08 |
4.17 |
5.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.26 |
5.09 |
7.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2017 |
31.12.2016 |
31.12.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.14 |
2.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.08 |
0.88 |
1.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.81 |
0.82 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.06 |
0.06 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.14 |
2.03 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
Market Value |
INR 217.00/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2015 |
31.12.2016 |
31.12.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
3103.800 |
3971.300 |
3971.300 |
|
Reserves & Surplus |
99964.900 |
186764.300 |
195760.800 |
|
Net
worth |
103068.700 |
190735.600 |
199732.100 |
|
|
|
|
|
|
Long-Term Borrowings |
226.800 |
235.800 |
241.200 |
|
Short Term Borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
226.800 |
235.800 |
241.200 |
|
Debt/Equity
ratio |
0.002 |
0.001 |
0.001 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2015 |
31.12.2016 |
31.12.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
94614.000 |
92678.200 |
112148.700 |
|
|
|
(2.046) |
21.009 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2015 |
31.12.2016 |
31.12.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
94614.000 |
92678.200 |
112148.700 |
|
Profit/(Loss) |
8075.600 |
9700.900 |
12495.700 |
|
|
8.54% |
10.47% |
11.14% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.12.2017 |
31.12.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
3971.300 |
3971.300 |
|
(b) Reserves &
Surplus |
|
202750.700 |
191483.200 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
-
Non-controlling interest |
|
46079.600 |
-- |
|
(2) Share Application money
pending allotment |
|
0.000 |
43777.700 |
|
Total Shareholders’ Funds
(1) + (2) |
|
252801.600 |
239232.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
241.200 |
235.800 |
|
(b) Deferred tax liabilities
(Net) |
|
11392.400 |
10533.500 |
|
(c) Other long term
liabilities |
|
1802.600 |
79.500 |
|
(d) long-term provisions |
|
89.400 |
1778.500 |
|
Total Non-current
Liabilities (3) |
|
13525.600 |
12627.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
2.900 |
|
(b) Trade payables |
|
27983.400 |
21508.400 |
|
(c) Other current
liabilities |
|
59303.000 |
36508.700 |
|
(d) Short-term provisions |
|
1390.300 |
17450.100 |
|
Total Current Liabilities
(4) |
|
88676.700 |
75470.100 |
|
|
|
|
|
|
TOTAL |
|
355003.900 |
327329.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
129481.300 |
134935.500 |
|
(ii) Intangible Assets |
|
686.000 |
79096.800 |
|
(iii) Capital
work-in-progress |
|
6672.000 |
5822.100 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(v) Goodwill |
|
78814.900 |
-- |
|
(vi) Investment in
associates and joint ventures |
|
1197.700 |
-- |
|
(b) Non-current
Investments |
|
333.000 |
1305.300 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2785.900 |
16633.600 |
|
(e) Other Non-current
assets |
|
24267.000 |
8056.000 |
|
Total Non-Current Assets |
|
244237.800 |
245849.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
26645.500 |
|
(b) Inventories |
|
24582.700 |
21645.600 |
|
(c) Trade receivables |
|
9315.300 |
7635.300 |
|
(d) Cash and cash
equivalents |
|
62315.800 |
16962.100 |
|
(e) Short-term loans and
advances |
|
452.700 |
7720.400 |
|
(f) Other current assets |
|
14099.600 |
871.400 |
|
Total Current Assets |
|
110766.100 |
81480.300 |
|
|
|
|
|
|
TOTAL |
|
355003.900 |
327329.600 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.12.2017 |
31.12.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
252823.000 |
203438.300 |
|
|
Other Income |
|
3226.100 |
5181.400 |
|
|
TOTAL |
|
256049.100 |
208619.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
28528.900 |
23420.900 |
|
|
Purchases of
Stock-in-Trade |
|
8.400 |
901.600 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(777.200) |
(132.500) |
|
|
Excise duty |
|
16838.600 |
|
|
|
Employees benefits expense |
|
15112.400 |
13972.100 |
|
|
Power
and fuel |
|
49528.500 |
39964.900 |
|
|
Freight and forwarding expenses |
|
63075.300 |
51119.200 |
|
|
Self-consumption of cement |
|
0.000 |
(76.800) |
|
|
Share of profit of joint ventures and associates |
|
(127.700) |
0.000 |
|
|
Exceptional Items |
|
0.000 |
385.900 |
|
|
Other expenses |
|
41932.300 |
43077.100 |
|
|
TOTAL |
|
214119.500 |
172632.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
41929.600 |
35987.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
2057.800 |
1405.400 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
39871.800 |
34581.900 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
12194.500 |
14631.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
27677.300 |
19950.100 |
|
|
|
|
|
|
|
Less |
TAX |
|
8228.500 |
8738.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
19448.800 |
11211.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
7.64 |
5.65 |
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10304414 |
90202515 |
LIFE INSURANCE CORPN. OF INDIA |
02/03/1989 |
20/03/1989 |
- |
633000.0 |
YOGAKSHEMAJEEVAN BIMA MARGBOMBAYMH400021IN |
|
2 |
Y10304332 |
90202433 |
NEW BANK OF INDIA |
28/11/1987 |
22/04/1993 |
- |
2000000.0 |
CHANDNI CHOWKDELHIDL110006IN |
|
3 |
Y10304263 |
90202364 |
INTERNATIONAL FINANCE CORPN. |
23/01/1987 |
07/12/1987 |
- |
37000000.0 |
1818; H STREETNEW YORKNAUS |
|
4 |
Y10308644 |
90206745 |
NEW BANK OF INDIA |
07/08/1986 |
29/03/1990 |
- |
6000000.0 |
CHANDNI CHOWKDELHIDL110006IN |
|
5 |
Y10304215 |
90202316 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
06/05/1986 |
21/06/1988 |
- |
224200000.0 |
NARIMAN BHAVAN; 227; VINAY K.SHAH MARGNARIMAN POINTBOMBAYMH400021IN |
|
6 |
Y10308583 |
90206684 |
UNIT TRUST OF INDIA |
23/09/1985 |
29/03/1990 |
- |
10000000.0 |
13; SIR VILHALDAS THACKERSAY MARGNEW MARINE LINES; P. B. NO. 11410BOMBAYMH400020IN |
|
7 |
Y10308581 |
90206682 |
LIFE INSURANCE CORPN. OF INDIA |
09/09/1985 |
29/03/1990 |
- |
70000000.0 |
YOGAKSHEMAJEEVAN BIMA MARGBOMBAYMH400021IN |
|
8 |
Y10304182 |
90202283 |
LIFE INSURANCE CORPN. OF INDIA |
09/09/1985 |
21/06/1988 |
- |
70000000.0 |
YOGAKSHEMAJEEVAN BIMA MARGBOMBAYMH400021IN |
|
9 |
Y10308574 |
90206675 |
INTERNATIONAL FINANCE CORPN. |
06/08/1985 |
29/03/1990 |
- |
37000000.0 |
1818; H STREETNEW YORKNAUS |
|
10 |
Y10308512 |
90206613 |
INDUSTRIAL FINANCE CORPN. OF INDIA |
25/04/1984 |
29/03/1990 |
- |
80000000.0 |
BANK OF BARODA BUILDING16; SANSAD MARGNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible
assets
· Freehold Non-Mining Land
· Freehold Mining Land
· Leasehold Land
· Buildings, Roads and Water Works
· Marine Structures
· Plant and Machinery
· Railway Sidings and Locomotives
· Furniture and Fixtures
· Office Equipment
· Ships
· Vehicles
Intangible
assets
· Water Drawing Rights
· Computer Software
· Goodwill
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 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
YES |
|
--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.