|
|
|
MIRA INFORM REPORT
|
Report No. : |
510212 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAM IRON AND STEEL COMPANY LIMITED |
|
|
|
|
Registered
Office : |
20B, Abdul Hamid Street, 9th Floor, East India House, Kolkata –
700069, West Bengal |
|
Tel No.: |
91-33-22137518 / 22137519 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.09.1998 |
|
|
|
|
Com. Reg. No.: |
21-153383 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 260.417 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00331WB1998PLC153383 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2104000807 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS1926J |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is an Integrated Iron and Steel Manufacturing Unit
engaged in the production of Sponge Iron, Pig Iron, Ferro Alloys, M.S. Bar,
Angle, Channel etc. [Registered
Activity] |
|
|
|
|
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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 4100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998. It is a
manufacturer of Basic Iron and Steel.
|
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 (Issuer not cooperating): B- |
|
Rating Explanation |
Risk prone credit quality and carries very
high credit risk. |
|
Date |
05.03.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term (Issuer not cooperating): A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
05.03.2018 |
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 26.05.2018
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 DENIED
Management non-cooperative (Tel No.: 91-6532-244082/244027)
LOCATIONS
|
Registered Office : |
20B, Abdul Hamid Street, 9th Floor, East India House, Kolkata –
700069, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate / Administrative Office 1: |
20B, Abdul Hamid Street, 7th Floor, Block 7A, Kolkata, West
Bengal, India |
|
Tel. No.: |
91-33-22137518/22137519 |
|
|
|
|
Administrative Office 2 : |
Kayani Apartment, 1st Floor, Tah Complex, Gandhi Chowck,
Giridh – 815301, Jharkhand, India |
|
Tel. No.: |
91-6532-250821 / 250073 |
|
Fax No.: |
91-6532-229326 / 225951 |
|
|
|
|
Branch Office 1 : |
Near Bus Stop, Keonjhar, Barbil, Orrisa, India |
|
|
|
|
Branch Office 2 : |
R.B. Mahto C/O S.B. Sangai, Plot No. 1359 New Nandanvan, New Water
Tanki, Nagpur, Maharashtra, India |
|
|
|
|
Factory 1 : |
Dukhia Mahadev Temple Road, At Jambad, Post Office Udnabad, Giridih –
815301, Jharkhand, India |
|
Tel No.: |
91-6532-244182 / 244027 |
|
Fax No.: |
91-6532-244082 |
|
|
|
|
Factory 2 : |
At Chandwara, District Koderma |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pramod Kumar Agarwala |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Chowk Bazar, Giridih - 815301, Jharkhand, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
26.07.1966 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
16.09.1998 |
||||||||||||||||||||||||
|
PAN No.: |
ABPPA0125Q |
||||||||||||||||||||||||
|
Voter ID No.: |
KDW0090226 |
||||||||||||||||||||||||
|
DIN No.: |
00575433 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
Name : |
Mr. Arun Kumar Agarwala |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Chowk Bazar, Giridih - 815301, Jharkhand, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1960 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
23.03.2017 |
||||||||||||||||||||||||
|
PAN No.: |
ABPPA0122K |
||||||||||||||||||||||||
|
Voter ID No.: |
KDW0090242 |
||||||||||||||||||||||||
|
DIN No.: |
00575599 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Shiv Kumar Agarwala |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Chowk Bazar, Giridih - 815301, Jharkhand, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.03.1962 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2001 |
||||||||||||||||||||||||
|
PAN No.: |
ABQPA8327F |
||||||||||||||||||||||||
|
Voter ID No.: |
KDW0884008 |
||||||||||||||||||||||||
|
DIN No.: |
00575394 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Binod Kumar Agarwala |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Chowk Bazar, Giridih - 815301, Jharkhand, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
03.01.1963 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
21.09.1998 |
||||||||||||||||||||||||
|
PAN No.: |
ABPPA0123J |
||||||||||||||||||||||||
|
Voter ID No.: |
BR/46/275/174455 |
||||||||||||||||||||||||
|
DIN No.: |
00575464 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Kumar Jalan |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Babhantoli, Giridih - 815301, Jharkhand, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
30.07.1967 |
||||||||||||||||||||||||
|
Date of Appointment : |
06.07.2012 |
||||||||||||||||||||||||
|
DIN No.: |
00576987 |
||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||
|
Name : |
Sudha Agarwala |
|
Designation : |
Director |
|
Address : |
Station Road, P.O.- Giridih - 815301, Jharkhand, India |
|
Date of Appointment : |
29.06.2015 |
|
DIN No.: |
07248573 |
|
|
|
|
|
|
|
Name : |
Mr. Sanjay Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
34/35/2/1 Sri Arabinda Road Sitaram Super Market Block-D Flat-6a Sal
Kia, Howrah - 711106, West Bengal, India |
|
Date of Appointment : |
19.05.2016 |
|
DIN No.: |
07328181 |
|
|
|
|
Name : |
Ms. Sangeeta Agarwal |
|
Designation : |
Director |
|
Address : |
C/O Amit Kumar Agarwal, Punjabi Kothi, Giridih - 815301, Jharkhand,
India |
|
Date of Appointment : |
19.05.2016 |
|
DIN No.: |
07501834 |
KEY EXECUTIVES
|
Name : |
Mr. Shiv Kumar Agarwala |
|
Designation : |
Chief Finance Officer |
|
Address : |
Chowk Bazar, Giridih - 815301, Jharkhand, India |
|
Date of Appointment : |
21.03.2015 |
|
PAN No.: |
ABQPA8327F |
|
|
|
|
Name : |
Mr. Gautam Raj Chowdhury |
|
Designation : |
Company Secretary |
|
Address : |
46C, Jl Nehru Road, Kolkata 71, Kolkata - 700069, West Bengal, India |
|
Date of Appointment : |
22.03.2016 |
|
PAN No.: |
AOPPC7542G |
MAJOR SHAREHOLDERS
AS ON 28.09.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
21.55 |
|
Promoters (Body corporate) |
73.95 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.04 |
|
Public/Other than promoters (Body corporate) |
4.46 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an Integrated Iron and Steel Manufacturing Unit
engaged in the production of Sponge Iron, Pig Iron, Ferro Alloys, M.S. Bar, Angle,
Channel etc. [Registered
Activity] |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Agencies Held : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Exports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Imports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Kedia Agarwal and Associates Chartered Accountants |
|
Address : |
Tah Complex, Gandhi Chowk, Giridh - 815301, Jharkhand, India |
|
Tel. No.: |
91-6532-222639 |
|
Mobile No.: |
91-9431144160 / 9835505990 |
|
Fax No.: |
91-6532-222639 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFK6368H |
|
|
|
|
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: |
|
CAPITAL STRUCTURE
After 28.09.2017
Authorised Capital : INR 265.000 Million
Issued, Subscribed & Paid-up Capital: INR 264.049 Million
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26500000 |
Equity Shares |
INR 10/- each |
INR 265.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26041711 |
Equity Shares |
INR 10/- each |
INR 260.417 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 |
260.417 |
248.789 |
248.789 |
|
(b) Reserves and Surplus |
1178.587 |
1196.066 |
1361.972 |
|
(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) |
1439.004 |
1444.855 |
1610.761 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
496.768 |
545.735 |
558.814 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
10.046 |
13.025 |
27.782 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
506.814 |
558.760 |
586.596 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1255.396 |
1209.640 |
1185.028 |
|
(b) Trade
payables |
176.344 |
189.332 |
78.116 |
|
(c) Other
current liabilities |
206.409 |
121.792 |
89.745 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1638.149 |
1520.764 |
1352.889 |
|
|
|
|
|
|
TOTAL |
3583.967 |
3524.379 |
3550.246 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
785.753 |
922.945 |
1134.432 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
59.621 |
77.409 |
59.621 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
845.374 |
1000.354 |
1194.053 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1932.848 |
1729.503 |
1637.344 |
|
(c) Trade
receivables |
497.769 |
467.112 |
354.158 |
|
(d) Cash and
bank balances |
85.598 |
67.364 |
66.667 |
|
(e)
Short-term loans and advances |
164.261 |
210.844 |
249.165 |
|
(f) Other
current assets |
58.117 |
49.202 |
48.859 |
|
Total
Current Assets |
2738.593 |
2524.025 |
2356.193 |
|
|
|
|
|
|
TOTAL |
3583.967 |
3524.379 |
3550.246 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
4037.960 |
3755.490 |
3691.347 |
|
|
Other Income |
3.777 |
4.247 |
4.409 |
|
|
TOTAL |
4041.737 |
3759.737 |
3695.756 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2770.681 |
2783.097 |
2317.626 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
842.111 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(135.927) |
(84.536) |
137.406 |
|
|
Employee benefit expense |
39.275 |
30.622 |
33.319 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
940.410 |
689.187 |
0.000 |
|
|
Other expenses |
68.784 |
48.775 |
93.568 |
|
|
TOTAL |
3683.223 |
3467.145 |
3424.030 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
358.514 |
292.592 |
271.726 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
238.735 |
244.583 |
252.669 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
119.779 |
48.009 |
19.057 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
103.949 |
127.616 |
166.790 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.830 |
(79.607) |
(147.733) |
|
|
|
|
|
|
|
Less |
TAX |
3.898 |
0.000 |
(19.036) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
11.932 |
(79.607) |
(128.697) |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
23.041 |
102.648 |
232.582 |
|
|
|
|
|
|
|
|
Prior
year adjustments |
1.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Miscellaneous expenditure and losses |
0.000 |
0.000 |
1.237 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
35.973 |
23.041 |
102.648 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.48 |
(3.20) |
(5.33) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
72.840 |
60.798 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(8.826) |
(36.660) |
(196.830) |
|
Net cash flows from (used in) operating activities |
(8.826) |
(36.660) |
(196.830) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.99 |
45.40 |
35.02 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.11 |
8.04 |
10.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
23.23 |
24.83 |
9.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.19 |
0.17 |
0.17 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.42 |
0.29 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.60 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.27 |
1.26 |
1.08 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.14 |
1.05 |
0.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.59 |
0.69 |
0.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.50 |
1.20 |
1.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.30 |
(2.12) |
(3.49) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.33 |
(2.26) |
(3.63) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.83 |
(5.51) |
(7.99) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.67 |
1.66 |
1.74 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.49 |
0.52 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.41 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.73 |
7.06 |
7.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.67 |
1.66 |
1.74 |
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 |
248.789 |
248.789 |
260.417 |
|
Reserves & Surplus |
1361.972 |
1196.066 |
1178.587 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1610.761 |
1444.855 |
1439.004 |
|
|
|
|
|
|
long-term borrowings |
558.814 |
545.735 |
496.768 |
|
Short term borrowings |
1185.028 |
1209.640 |
1255.396 |
|
Total
borrowings |
1743.842 |
1755.375 |
1752.164 |
|
Debt/Equity
ratio |
1.083 |
1.215 |
1.218 |
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 |
3691.347 |
3755.490 |
4037.960 |
|
|
|
1.738 |
7.522 |
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 |
3691.347 |
3755.490 |
4037.960 |
|
Profit |
(128.697) |
(79.607) |
11.932 |
|
|
(3.49)% |
(2.12)% |
0.30% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY
INFORMATION
Subject is an Integrated Iron and Steel Manufacturing Unit engaged in the production of Sponge Iron, Pig Iron, Ferro Alloys, M.S. Bar, Angle, Channel etc. The registered office of the Company is in Kolkata (W. B.) and having works at Giridih and Koderma (Jharkhand).
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
During the period company has made profit of INR 15.830 million before making provision for Income tax.
Company is in process of setting up the Sinter Plant, Installation of Electrical Sub- station. The Commercial production of Company's Hot Rolling Mill Unit has been started from 07th June, 2016.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
C60405511 |
10583256 |
STATE BANK OF INDIA |
27/05/2015 |
- |
617200000.0 |
OVERSEAS BRANCH, KOLKATASAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
2 |
C60404340 |
10420480 |
STATE BANK OF INDIA |
11/03/2013 |
27/05/2015 |
1631000000.0 |
OVERSEAS BRANCH, KOLKATASAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROADKOLKATAWB700001IN |
|
3 |
C60408499 |
10420486 |
STATE BANK OF INDIA |
11/03/2013 |
13/07/2015 |
2248200000.0 |
OVERSEAS BRANCH, KOLKATASAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
4 |
B57917551 |
10376002 |
PUNJAB NATIONAL BANK |
26/07/2012 |
- |
197500000.0 |
BHORANDIHA BRANCH BHORANDIHAGIRIDIH-815301 INDIA |
|
5 |
B74279894 |
10317854 |
HDFC BANK LIMITED |
04/11/2011 |
02/05/2013 |
18000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
|
6 |
B23234461 |
10312071 |
PUNJAB NATIONAL BANK |
26/08/2011 |
- |
10000000.0 |
BHORANDIHA BRANCH BHORANDIHAGIRIDIH-815301 |
|
7 |
B34490367 |
10220852 |
PUNJAB NATIONAL BANK |
22/03/2010 |
08/03/2012 |
197500000.0 |
BHORANDIHA BRANCH BHORANDIHAGIRIDIHJH815301IN |
|
8 |
A56022577 |
10144348 |
HDFC BANK LIMITED |
20/12/2008 |
- |
1500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
|
9 |
A30863732 |
10087195 |
STATE BANK OF INDIA |
26/12/2007 |
- |
110000000.0 |
GIRIDIH BAZAR BRANCHWHITTY BAZAR GIRIDIHJH815301 |
|
10 |
A30274542 |
80040421 |
BANK OF INDIA |
15/07/2006 |
26/12/2007 |
168000000.0 |
GIRIDIH BRANCH,KATCHERY ROAD, GIRIDIHJH815301IN |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Emission reduction equipment
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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
VAR |
|
|
|
|
Analysis Done by
: |
GYT |
|
|
|
|
Report Prepared
by : |
RKI |
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.