|
|
|
MIRA INFORM REPORT
|
Report No. : |
509963 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
INDERMANI MINERAL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-1, First Floor, Shop No. 101, Aishwaraya Chamber, G. E. Road,
Telibandha, Raipur-492001, Chhattisgarh |
|
Tel. No.: |
91-771-4073814/15/17/21 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.06.2008 |
|
|
|
|
Com. Reg. No.: |
020693 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 30.780
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13100CT2008PTC020693 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
6310000985 |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
22AABCI9120M2ZM |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI9120M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Coal and other Minerals, Transportation
Services, Liasioning Services, Loading and Handling Services and Coal Washing
Services.
(Registered Activity also Confirmed by
management) |
|
|
|
|
No. of Employees
: |
500 [Approximately] |
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008. The company is an importer and
trader of coal. It is and also engaged into transportation activities. For the financial year ended 2017, the company has achieved a fair
growth of 16.36% in its revenue as compared to the previous year and has
reported an average net profit margin of 1.71%. The company possesses healthy financial position market by sound net
worth base along with modest debt balance sheet profile and comfortable
liquidity parameter. Business is active. Payment seems to be slow. 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.
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
31-03-2018.
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 24.05.2018.
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. Rakesh |
|
Designation : |
Manager |
|
Contact No.: |
91-771-4073821 |
|
Date : |
20.05.2018 |
LOCATIONS
|
Registered Office/ Head Office : |
C-1, First Floor, Shop No. 101, Aishwaraya Chamber, G. E. Road,
Telibandha, Raipur-492001, Chattisgarh, India |
|
Tel. No.: |
91-771-4073815/ 16/ 18/ 4073821 |
|
Fax No.: |
91-771-4073817 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Warehouse : |
Located at: · Dharsiwa, Chhattisgarh, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sunil Kumar Agrawal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B/404, Om Complex, Fafadih, Raipur – 492001, Chhattisgarh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1973 |
||||||||||||||||||||||||||||||||||||
|
Qualification: |
B.SC |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.06.2008 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADXPA7368M |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01595446 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prakash Chand Agrawal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 711, Kududand, Bilaspur – 495001, Chhattisgarh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.03.1967 |
||||||||||||||||||||||||||||||||||||
|
Qualification: |
B.com |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.12.2011 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFZPA7080E |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00852143 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jitendra Singh |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Ward No. 7, Yadav Nagar, Tifra, Bilaspur – 492001, Chhattisgarh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.02.1973 |
||||||||||||||||||||||||||||||||||||
|
Qualification: |
B.SC |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.02.2014 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
CRFPS1285R |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06833669 |
||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rakesh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Kumar Agrawal |
|
649550 |
|
Uma Agrawal |
|
20000 |
|
Rapid Promoters Private Limited, India |
|
247200 |
|
Easy Transport Private Limited, India |
|
98800 |
|
Future Carbon Solution Private Limited, India |
|
377300 |
|
Suggest Vinimay Private Limited, India |
|
443000 |
|
Blossm Distributors Private Limited, India |
|
4000 |
|
Amritphal Marketing Private Limited, India |
|
440600 |
|
Vaishnomata Commercial Private Limited, India |
|
85000 |
|
Chhattisgarh Natural Resources Private Limited, India |
|
10000 |
|
Aryan Coal Field Private Limited, India |
|
28500 |
|
Sendoz Exim Private Limited, India |
|
30800 |
|
KJSL Coal and Power Private Limited, India |
|
387100 |
|
Sunil Kumar Agrawal HUF |
|
38000 |
|
Nandan Garg |
|
70000 |
|
Mohit Garg |
|
70000 |
|
Madhuresh Agarwal |
|
78100 |
|
|
|
|
|
Total |
|
3077950 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
22.99 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
7.09 |
|
Public/Other than promoters (Body corporate) |
69.93 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal and other Minerals, Transportation
Services, Liasioning Services, Loading and Handling Services and Coal Washing
Services. (Registered
Activity also Confirmed by management) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Available |
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Coal |
||||||
|
Countries : |
South Africa |
||||||
|
Terms : |
|
||||||
|
Selling : |
Credit [30/ 60/ 90 Days] |
||||||
|
|
|
||||||
|
Purchasing : |
Credit [30/ 60/ 90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Manufacturers · GMR · Hindustan Power · Essar Power · ACC Cement Limited · Lafarge India Private Limited · Hira Group of Industries · Jaypee Cement · Lanco Power · KSK Power ·
Aditya Birla Group |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
500 [Approximately] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Kotak Mahindra Bank Limited 27BKC, C 27, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai-400051, HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai-400013, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
·
Tata Motors Finance Limited C/O Tata Motors Finance Limited, 10th F106 A
& B, Makers Chambers Iii, Nariman Point, Mumbai-400021, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
MRCA and Associates Chartered Accountants |
|
Address : |
Raipur, Chhattisgarh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAQFM6023P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives: |
· Future Carbon Solutions Private Limited [U10200CT2009PTC021224] · Easy Transport Private Limited [U60231CT2009PTC021225] · KJSL Coal and Power Private Limited [U40100MH2005PTC155649] · Indermani Associates Private Limited [U10101CT2006PTC020090] · K.L. Energy and Coal Benefication Private Limited [U04010CT2006PTC018538] · Indermani Coal Benefication and Energy Private Limited [U23101CT2010PTC021630] · Shivani Infraventures Private Limited [U45201CT2008PTC020744] · Balaji Unitrade India Private Limited [U51109CT2011PTC000074] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3077950 |
Equity Shares |
INR 10/- each |
INR 30.780 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 |
30.780 |
29.999 |
28.499 |
|
(b) Reserves & Surplus |
781.527 |
628.834 |
479.269 |
|
(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) |
812.307 |
658.833 |
507.768 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
843.722 |
688.665 |
386.560 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
843.722 |
688.665 |
386.560 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1496.621 |
979.757 |
790.499 |
|
(b)
Trade payables |
1077.734 |
1164.639 |
316.111 |
|
(c)
Other current liabilities |
311.257 |
393.169 |
524.802 |
|
(d)
Short-term provisions |
0.270 |
67.491 |
0.174 |
|
Total
Current Liabilities (4) |
2885.882 |
2605.056 |
1631.586 |
|
|
|
|
|
|
TOTAL |
4541.911 |
3952.554 |
2525.914 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
734.844 |
647.956 |
299.574 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
14.674 |
14.674 |
14.675 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
40.343 |
38.246 |
8.246 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
21.326 |
14.544 |
14.434 |
|
(e)
Other Non-current assets |
0.000 |
0.640 |
0.000 |
|
Total
Non-Current Assets |
811.187 |
716.060 |
336.929 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
242.231 |
268.717 |
363.682 |
|
(c)
Trade receivables |
2691.205 |
1816.488 |
1225.670 |
|
(d)
Cash and cash equivalents |
31.212 |
621.764 |
155.430 |
|
(e)
Short-term loans and advances |
765.436 |
526.491 |
444.203 |
|
(f)
Other current assets |
0.640 |
3.034 |
0.000 |
|
Total
Current Assets |
3730.724 |
3236.494 |
2188.985 |
|
|
|
|
|
|
TOTAL |
4541.911 |
3952.554 |
2525.914 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
7964.459 |
6844.584 |
6242.456 |
|
|
|
Other Income |
8.730 |
3.946 |
10.664 |
|
|
|
TOTAL |
7973.189 |
6848.530 |
6253.120 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
5479.167 |
4241.220 |
4524.534 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
26.486 |
94.966 |
262.141 |
|
|
|
Employees benefits expense |
133.917 |
68.126 |
26.474 |
|
|
|
CSR expenditure |
3.034 |
2.500 |
0.000 |
|
|
|
Exceptional items |
0.000 |
(0.408) |
0.000 |
|
|
|
Expenditure on production, transportation and other expenditure pertaining to exploration and production activities |
0.000 |
0.000 |
1020.150 |
|
|
|
Other expenses |
1705.069 |
1868.586 |
20.395 |
|
|
|
TOTAL |
7347.673 |
6274.990 |
5853.694 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
625.516 |
573.540 |
399.426 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
179.050 |
200.314 |
172.669 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
446.466 |
373.226 |
226.757 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
233.262 |
184.880 |
108.444 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
213.204 |
188.346 |
118.313 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
76.912 |
67.281 |
45.368 |
|
|
|
|
|
|
|
|
|
|
MINORITY INTEREST |
0.000 |
0.000 |
0.022 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
136.292 |
121.065 |
72.967 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
44.28 |
41.80 |
26.48 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
830.000 |
|
|
|
|
[Due to business
growth] |
Expected Sales (2018-2019): INR 900.000 Million
The above information has been parted by Mr. Rakesh [Manager]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
190.654 |
200.100 |
66.537 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(184.582) |
964.788 |
557.165 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(261.493) |
897.507 |
510.466 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
123.33 |
96.87 |
71.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.96 |
3.77 |
5.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
71.79 |
100.23 |
25.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.58 |
2.13 |
1.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.83 |
0.87 |
1.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.86 |
0.88 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.12 |
2.84 |
2.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.55 |
3.95 |
3.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.92 |
1.01 |
0.62 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.49 |
2.86 |
2.31 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.71 |
1.77 |
1.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.00 |
3.06 |
2.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.78 |
18.38 |
14.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.24 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.21 |
1.14 |
1.12 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.17 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
82.23 |
62.29 |
43.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.24 |
1.34 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
28.499 |
29.999 |
30.780 |
|
Reserves & Surplus |
479.269 |
628.834 |
781.527 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
507.768 |
658.833 |
812.307 |
|
|
|
|
|
|
long-term borrowings |
386.560 |
688.665 |
843.722 |
|
Short term borrowings |
790.499 |
979.757 |
1496.621 |
|
Current Maturities of Long
term debt |
66.537 |
200.100 |
190.654 |
|
Total
borrowings |
1243.596 |
1868.522 |
2530.997 |
|
Debt/Equity
ratio |
2.449 |
2.836 |
3.116 |
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 |
6242.456 |
6844.584 |
7964.459 |
|
|
|
9.646 |
16.361 |
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 |
6242.456 |
6844.584 |
7964.459 |
|
Profit |
72.967 |
121.065 |
136.292 |
|
|
1.17% |
1.77% |
1.71% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G77822914 |
100156660 |
KOTAK MAHINDRA
BANK LIMITED |
03/02/2018 |
- |
- |
12385840.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
G83037762 |
100167021 |
TATA MOTORS
FINANCE LIMITED |
31/01/2018 |
- |
- |
31450000.0 |
C/O TATA MOTORS
FINANCE LIMITED, 10TH F106 A & B, MAKERS CHAMBERS III, NARIMAN
POINTMUMBAIMA400021IN |
|
3 |
G76556455 |
100153661 |
HDFC BANK LIMITED |
24/01/2018 |
- |
- |
2930000.0 |
HDFC BANK
HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
4 |
G73249542 |
100145998 |
KOTAK MAHINDRA
BANK LIMITED |
05/12/2017 |
- |
- |
15425000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
5 |
G76970144 |
100154903 |
HDFC BANK LIMITED |
10/11/2017 |
- |
- |
7900000.0 |
HDFC BANK
HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
6 |
G50752690 |
100116515 |
KOTAK MAHINDRA
BANK LIMITED |
07/08/2017 |
- |
- |
169150000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
7 |
G59376558 |
100130253 |
TATA MOTORS
FINANCE LIMITED |
25/07/2017 |
- |
- |
145432000.0 |
C/O TATA MOTORS FINANCE
LIMITED, 10TH F106 A & B, MAKERS CHAMBERS III, NARIMAN
POINTMUMBAIMA400021IN |
|
8 |
G42786574 |
100094625 |
KOTAK MAHINDRA
BANK LIMITED |
20/04/2017 |
- |
- |
80730000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
9 |
G42082479 |
100092823 |
ICICI BANK LIMITED |
27/02/2017 |
- |
- |
13160000.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
10 |
G39643481 |
100086726 |
HDFC BANK LIMITED |
23/02/2017 |
- |
- |
72500000.0 |
HDFC BANK HOUSE,SENAPATI
BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
11 |
G39139340 |
100085417 |
AXIS BANK LIMITED |
09/02/2017 |
- |
- |
68609000.0 |
2ND FLOOR, CHAWLA
CHAMBERS, OPPOSITE BUS STAND,PANDRI ROADRAIPURCT492001IN |
|
12 |
C75403063 |
10611931 |
TATA MOTORS
FINANCE LIMITED |
29/11/2015 |
- |
- |
142500000.0 |
NANAVATI
MAHALAYAMUMBAIMH400001IN |
|
13 |
C74975533 |
10611125 |
KOTAK MAHINDRA
BANK LIMITED |
27/11/2015 |
- |
- |
84540000.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
14 |
C62895487 |
10588668 |
KOTAK MAHINDRA
BANK LIMITED |
31/07/2015 |
- |
- |
41955000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
15 |
C59517128 |
10581430 |
HDFC BANK LIMITED |
29/06/2015 |
- |
- |
69750000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
16 |
C56433063 |
10574918 |
HDFC BANK LIMITED |
17/06/2015 |
- |
- |
69750000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
17 |
C34572255 |
10532782 |
HDFC BANK LIMITED |
05/11/2014 |
- |
- |
6180000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
18 |
C26930909 |
10524394 |
KOTAK MAHINDRA BANK
LIMITED |
19/09/2014 |
- |
- |
26955000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
19 |
C06027015 |
10501869 |
TATA MOTORS
FINANCE LIMITED |
31/05/2014 |
- |
- |
25000000.0 |
C/O. TATA MOTORS LIMITED,
3RD FLOOR,NANAVATI MAHALAYA, 18, HOMI MODY STREETMUMBAIMH400001IN |
|
20 |
C04917969 |
10496224 |
HDFC BANK LIMITED |
30/04/2014 |
- |
- |
51000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
21 |
C03353885 |
10496839 |
TATA MOTORS
FINANCE LIMITED |
27/04/2014 |
- |
- |
40000000.0 |
C/O. TATA MOTORS
LIMITED, 3RD FLOOR,NANAVATI MAHALAYA, 18, HOMI MODY STREETMUMBAIMH400001IN |
|
22 |
C03007291 |
10489049 |
AXIS BANK LIMITED |
15/03/2014 |
- |
- |
15096000.0 |
AXIS BANK LIMITEDLAW
GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
23 |
B96885066 |
10478861 |
HDFC BANK LIMITED |
21/02/2014 |
- |
- |
64500000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
24 |
G36691871 |
10206401 |
UNION BANK OF
INDIA |
12/03/2010 |
09/02/2017 |
- |
2000000000.0 |
SAMTA COLONY
BRANCH 329,SAMTA COLONYRAIPURCT492001IN |
|
25 |
C58542325 |
10425169 |
UNION BANK OF
INDIA |
16/03/2013 |
- |
10/07/2015 |
350000000.0 |
SAMTA COLONY
BRANCH329, SAMTA COLONYRAIPURCT492001IN |
|
26 |
C10390045 |
10501870 |
TATA MOTORS
FINANCE LIMITED |
31/05/2014 |
- |
09/07/2014 |
25000000.0 |
C/O. TATA MOTORS
LIMITED, 3RD FLOOR,NANAVATI MAHALAYA, 18, HOMI MODY STREETMUMBAIMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances, others |
233.973 |
214.538 |
|
|
|
|
|
Total |
233.973 |
214.538 |
GENERAL INFORMATION
The 'Company is a company domiciled in india and incorporated under the provisions of Companies Act, 1956 (the 'Act'). The Company is engaged in the business of Trading of Coal, Coal Washing, Transportation of Coal, Liasioning services.
REVIEW OF OPERATION:
During the year, the Net Profit for the year has been INR 136.292 million as against INR 121.065 million during the previous financial year. the Directors are continuously looking for avenues for future growth of the Company. The financial result as reflected in the Statement of Profit and Loss of the company is self-explanatory.
BRIEF DESCRIPTION OF THE COMPANY'S WORKING
DURING THE YEAR/STATE OF COMPANY'S AFFAIR.
The main business activity of the Company is Trading of coal and other Minerals, Transportation Services, Liasioning Services, Loading and Handling Services and Coal Washing Services. The directors are looking forward to increase its operations in the future to other states also.
FIXED ASSETS:
·
Land
·
Plant and equipment
·
Factory equipment’s
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
PRESS RELEASE
INDERMANI GROUP COMES
UNDER I-T SCANNER
26 SEP 2017
I-T’s Investigation Wing covered the business premises of Yashwant Kumar Agrawal,
brother of Chhattisgarh Government’s Cabinet Minister Brijmohan Agrawal, at Ramsagarpara
In a post dawn-swoop, sleuths of Income Tax (I-T) Department’s Investigation Wing on Monday mounted concurrent search and survey operations on 15 different places, including office, factory and residential premises, of Indermani Group and their business affiliates in Raipur, Bilaspur, Raigarh and Korba districts respectively.
In all, 100 taxmen divided into multiple teams were taking part in the
operations, wherein surveys were underway at three places and searches at
remaining 13 premises. A total of four residences and 11 business
establishments were being scanned by the taxmen under the operations.
The widespread operations also covered the business premises of Yashwant Kumar Agrawal, brother of Chhattisgarh Government’s Cabinet Minister Brijmohan Agrawal, at Ramsagarpara. Yashwant Kumar Agrawal happens to be one of the partners of Indermani Group. However, soon after the I-T swoop involved a blood relative of high-ranking political functionary of State, majority taxmen were seen ignoring the media persons in a bid to save their skin from any future complications may arise out of it.
Indermani Mineral India Private Limited (IMIPL), a bulk supplier of wide range
and high quality coal, is into catering the diversified needs of various
industrial sectors throughout the southern and central part of India covering
Cement Plants, Power Generation Plants, Steel Mills, etc. via our Industrial
products.
Jitendra Singh, Sunil Kumar Agrawal, Prakash Chand Agrawal and Pankaj Agrawal are four Head Directors of the Indermani Group, which is also into coal trading, coal washery, logistics and active mine control management. An ISO 9001-2008 Certified Company, it is also involved in Mining of iron ores, includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content, in addition to production of sintered iron ores.
“At around 6 am, the tax sleuths, divided into several teams, threw their
dragnet into 15 locations simultaneously in Raipur, Bilaspur, Raigarh and Korba
districts respectively. Surveys were underway at three places and searches at
remaining 13 premises of the group, which evaded tax liability to the tune of
crores by showing investment in shell companies of Kolkata,” R K Paliwal,
Director Investigation (DI/Madhya Pradesh-Chhattisgarh), from Bhopal told The
Hitavada.
Jitendra Singh, Sunil Kumar Agrawal, Prakash Chand Agrawal and Pankaj Agrawal are four Head Directors of the Indermani Group, which is also into coal trading, coal washery, logistics and active mine control management. An ISO 9001-2008 Certified Company, it is also involved in Mining of iron ores, includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content, in addition to production of sintered iron ores.
“At around 6 am, the tax sleuths, divided into several teams, threw their
dragnet into 15 locations simultaneously in Raipur, Bilaspur, Raigarh and Korba
districts respectively. Surveys were underway at three places and searches at
remaining 13 premises of the group, which evaded tax liability to the tune of
crores by showing investment in shell companies of Kolkata,” R K Paliwal,
Director Investigation (DI/Madhya Pradesh-Chhattisgarh), from Bhopal told The
Hitavada.
In between, reliable sources also averred that the group associates and other business ventures including K L Engery & Coal Beneficiation Private Limited; Indermani Coal Beneficiation & Energy Private Limited; Sambhavi Energy And Coal Beneficiation Private Limited; Bite And Bib Distribution Private Limited; Kanker Infrastructure Private Limited; Bastar Buildcon Private Limited; Sandalwood Colonisers Private Limited; Rajim Infrastructure Private Limited; Rajim Real Esates Private Limited; Indermani Coal Benefication Private Limited; Chhattisgarh Healthcare Private Limited; Shyam Multimedia (India) Private Limited; Lionhead Sports Club Private Limited and Rahul Infraventures Private Limited were also being thoroughly scanned and screened for dubious financial transactions intended at evading tax liability.
Sources also revealed that the Indermani Group owns and operate a Green Field
Private Freight Terminal (PFT), which is one of its own kind and first in
Chhattisgarh since the group also boasts of massive transportation facility
through both roadways as well as railways. The group offers trucks and wagon
rails.
“The group has outstanding logistics to ensure timely delivery and enhance its reach ability for transportation of coal. It owns a huge fleet 500 heavy commercial vehicles, while it also outsource 700 HCM from its other business partners aimed at delivering consignment intact and fast,” the sources said and added further that it has established its own Railway Siding (PFT) located at Aklatara in Janjgir-Champa district,” the sources disclosed.
There were no reports of resistance from any of the premises in the four
districts as the taxmen were thoroughly reinforced with armed police escort.
The operations were likely to continue for next 3 days as the group business
operations were spread far-wide and scrutiny of incriminate documents have just
begun.
Director (Madhya Pradesh & Chhattisgarh) R K Paliwal from Bhopal was overseeing
the operations while Rignesh Das, Joint Director (Investigations) was
supervising the ground operations in all the four districts.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.21 |
|
UK Pound |
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
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.