GUJARAT NRE COKE LIMITED List of Stakeholders (Pursuant to claims received and updated as on , being the last date of submission of claims)

Transcription

1 GUJARAT NRE COKE LIMITED List of Stakeholders (Pursuant to claims received and updated as on , being the last date of submission of claims) Sl. Category of Creditor Amount Claimed (in INR) Amounts of Claims admitted (in INR) Secured/ Unsecured Claims Financial Creditors 39,68,60,8, ,84,47,70,33.5 Detailed in List A List A (Page Nos. 2 6) 2 3 Operational Creditors (other than Workmen and Employees) Operational Creditors (only Workmen and Employees) 8,26,84,95, ,54,23,02, List B (Page Nos. 7 0) List C (Page ) 4 Other Stakeholders List D (Page 2) TOTAL 57,95,45,77, ,38,70,72, Page of 6

2 GUJARAT NRE COKE LIMITED List of Stakeholders (Pursuant to claims received and updated as on , being the last date of submission of claims) Category: Financial Creditors LIST A Official Exchange Rate as on (Liquidation Commencement Date): USD : INR Sl. Name Assets Care & Reconstruction Enterprise Limited (since assignment of debts by DBS Bank Limited) 2 Axis Bank Limited Identification Number CIN: U65993DL2002PL C5769 CIN: L650QJ993PL C Address e mail ID Nature of Financial Debt Amount Claimed (in INR, unless otherwise stated) 2nd Floor, shubhankar.s Overdraft (inclusive Mohan Dev harma@acre Building, 3, india.co 25,57,6, ,2,08, Tolstoy Marg, New Delhi ms.malik@a Long Term Loan 000 creindia.co (inclusive 36,98,56, ,55,72, ,78,65, Cash Credit (inclusive,03,82,6,000.50,03,82,6, Letter of Credit (inclusive 83,33,07, ,33,07,69.27 Term Loan (inclusive, Shakespeare,95,5,49,94.82,95,5,49,94.82 Sarani, 4th Floor, priyabrata.p Non Convertible AC Market atra@axisba Debentures (inclusive Bulinding, nk.com Kolkata ,39,2,06, ,39,2,06,27.04 Corporate Guarantee given by Gujarat NRE Coke Limited (Guarantor) for Foreign Currency Term Loan taken by Gujarat NRE Limited (Borrower) USD 0,000, ,85,25,88, ,73,64, Amounts of Claims Admitted (in INR) 60,99,73, ,85,25,88, Secured /Unsec ured Page 2 of 6

3 Bank of Baroda Corporation Bank Export Import Bank of India IDBI Bank Limited PAN: AAACB534F PAN: AAACC7245E PAN: AAACE2769D CIN: L6590MH2004G OI48838 Cash Credit (inclusive,59,64,59,28.59,59,64,59,28.59 Working Capital Mansarowar Term Loan (inclusive camaccs@ba Building, 3B, nkofbaroda.c Camac Street, om Kolkata Funded Interest Term,22,0,5,744.0,22,0,5,744.0 Loan (inclusive of Interest) 3,59,8, ,59,8, Inland Bank Guarantee 3,07,53, ,6,33,45, ,07,53, ,6,33,45, Non Convertible Debentures (inclusive 5, Mittal Chambers, treasury@co 2,27,47,82.0 2,27,47,82.0 Nariman Point, rpbank.co.in Funded Interest Term Mumbai Loan (inclusive of Interest) 2,57,96, ,85,44, ,57,96, ,85,44, Centre One manjari@exi Rupee Loan (inclusive Building, Floor mbankindia.i 2, World Trade n 84,6,7, ,48,67,2.02 Centre Complex, Cuffe Parade, s.dhal@exim Additional Term Loan Mumbai bankindia.in (inclusive 7,42,00, ,58,8, ,4,83, ,90,50,23.86 IDBI House, 44, Shakespeare Sarani, Kolkata devendra.sin gh@idbi.co.i n Cash Credit (inclusive subrotomon Viability Gap Funding dal@idbi.co.i (inclusive n 26,70,73, ,67,3,59.00,20,60, ,9,33,645.26,2,38, ,88,69, Page 3 of 6

4 Cash Credit (inclusive Rupee Term Loan (inclusive 2,67,95,23, ,67,95,23,486.00,2,08,57,203.00,2,08,57, JM Financial Asset Reconstruction Company Limited (since assignment of the debts by ICICI Bank Limited) CIN: U6790MH2007P LC74287 mahesh.mim 7th Floor, ani@jmfl.co Cnergy, m Appasaheb Marathe Marg, Prabha Devi, Mumbai Priority Term Loan (inclusive New Term Loan (inclusive Letters of Credit (inclusive 5,48,62, ,48,62, ,88,20, ,88,20, ,2,96, ,2,96, Term Loan NRE Metcoke Limited (since merged with Gujarat NRE Coke Limited) (inclusive of Interest) 30,94,77, ,50,57,37, ,94,77, ,50,57,37, The Lakshmi Vilas Bank Limited CIN: L650TN926PL C , Bharat sudhir.kaushi House, Mumbai k@lvbank.in Samachar Marg, Fort, Mumbai alex.mathew Term Loan (inclusive 90,58,42, ,58,42, Life Insurance Registration Corporation of India 052 National Pension System Trust A/c SBI Pension Fund Scheme Central Government SBI Pension Funds Private Limited PAN: AABTN0648L 6th Floor, East Wing, Jeevan co_invma@li Bima Marg, cindia.com Mumbai , 3rd Floor, Maker Chamber mdceo@sbip III, Nariman ensionfunds. Point, Mumbai com Non Convertible Debentures (inclusive Funded Interest Term Loan (inclusive of Interest) Non Convertible Debentures (inclusive 3,30,23,69, ,8,40,0, ,30,23,69, ,9,6, ,83,3,62, ,86,05, ,86,05, Page 4 of 6

5 National Pension System Trust A/c SBI Pension Fund Scheme State Government SBI Pension Funds Private Limited PAN: AABTN0648L 32, 3rd Floor, Maker Chamber Non Convertible III, Nariman ensionfunds. Debentures (inclusive Point, Mumbai com ,25,74, ,25,74, Standard Chartered Bank Registration F nd Floor, tarun.pahwa Overdraft (inclusive Building DLF Cyber City, Sector 24/25/25A, arpit.singhal Term Loans (inclusive Gurgaon 22,24,24, ,24,24,339.88,85,64,75, ,07,89,00,246.85,85,64,75, ,07,89,00, Term Loan (inclusive 3,09,65,28, ,7,90,46,56.73 Corporate Term Loan (inclusive 5,9,83,62, ,60,8,06, State Bank of India PAN: AAACS8577K Working Capital Term Loan (inclusive Magma House, 3rd Floor, 24, sbi.07502@s Park Street, bi.co.in Kolkata Funded Interest Term Loan (inclusive of Interest) Cash Credit (inclusive 26,86,92, ,33,22, ,60,37, ,06,28, ,89,57,28, ,55,55,39, Non Convertible Debentures (inclusive 5,69,4, ,22,27, Bank Guarantee 8,52,0, ,98,74,65, ,54,22, ,64,79,93,87.37 Page 5 of 6

6 4 Syndicate Bank 5 6 Tamilnad Mercantile Bank Limited United Bank of India PAN: AACCS4699E CIN: U650TN92PL C00908 PAN: AAACP5624P br.9768@sy 6, N. S. Road, Term Loan (inclusive ndicatebank. Kolkata co.in 58D, N. S. Road, 2nd Floor, kolkata@tm Ganesh Market, bank.in Kolkata UBI Building, Lal Darwaja, Ahmedabad bmahb@unit edbank.co.in Cash Credit (inclusive of interest) Viability Gap Funding (inclusive Cash Credit (inclusive of interest) Viability Gap Funding (inclusive 65,98,97, ,98,97, ,50,9, ,50,9, ,38,7, ,88,37, ,38,7, ,57,5, ,57,5,236.39,5,32, ,08,47,728.39,5,32, TOTAL 39,68,60,8, ,88,37, ,08,47, ,84,47,70,33.5 NOTES: There is difference in the rate of interest charged by the Financial Creditor in its claim, as compared to the rate of interest stated in the CDR documents, executed between the Corporate Debtor and the Lenders. Accordingly, the claim has been accepted after due reconciliation and necessary adjustments thereof. 2 There is no provision in the CDR documents, which entitles a Lender to charge differential/additional interest on delay in creation of documents. Hence, such interest charged by the Creditor has not been accepted. 3 While substantiating the claim, the Liquidator has sought further evidence/clarifications from the Financial Creditor, which is pending, leeding to a difference in the accepted amount of claim. 4 As per the CDR documents, the interest on the NCDs for the first two years was required to be converted into FITL and treated accordingly. The same has not been complied with by the Financial Creditor. As such, the differential amount of claim of such Financial Creditor has been reconciled and admitted accordingly. Page 6 of 6

7 GUJARAT NRE COKE LIMITED List of Stakeholders (Pursuant to claims received and updated as on , being the last date of submission of claims) Category: Operational Creditors other than Workmen and Employees LIST B Official Exchange Rate as on (Liquidation Commencement Date): USD : INR GBP : INR AUD : INR (As per SBI Foreign Currency Ready Rates) Sl Name Armada (Singapore) Pte Limited Registration D (Registered Singapore) Axis Trustee CIN: Services U74999MH2008PL Limited C82264 British Marine Limited CJ DARCL CIN: Logistics Limited Identification Number Company (Registered England) U60222HR986PLC Coeclerici Registration Asia Pte R Limited in member's (Registered voluntary Singapore) liquidation Address e mail ID Freight and 6, Shenton Way, OUE shardul.thacker@mul Demurrage Downtown 2, #33 00, laandmulla.com Charges (inclusive in Singapore Axis House, Bombay debenturetrustee@a Dyeing Mills xistrustee.com Compound, Pandurang Budhkar compliance@axistrus Marg, Worli, Mumbai tee.com th Floor, Millbank Freight Tower, 2 24 alan.bekhor@britmar Millbank, London, ine.co.uk in SWP 4QP, UK Darcl House, Plot aditya.mishra@darcl. 55P, Sector 44, com Institutional Area, Gurugram 22003, cs@darcl.com Haryana Nature of Operational Debt Fee for acting as Debenture Trustee (inclusive and Demurrage Charges and Legal Costs Transportation Charges Amount Claimed (in USD) (in GBP) (in AUD) (in INR) Amounts of Claims Admitted (in INR),32,82,24,378.79,32,82,24, ,67, ,67, ,43, ,92,6, ,88, ,88, Advance against 350 Orchard Road, 6 Supply of 0 Shaw House dave@duaassociates. Products and Tower, Singapore com Legal Costs in (inclusive of 2 Interest),05,55, , ,67,80, Secured /Unsec ured Page 7 of 6

8 6 Daiichi Chuo Kisen Kaicha Registration Mita Kokusai Building F, 4 28, Mita dcrawmat@mail.first chome, Minato ku, ship.co.jp (Registered in Tokyo, Japan 08 Japan) 0073 Freight 4,3,64, ,75,,77, Deepak Rainshed Builders PAN of Proprietor: AAAPN480A 66, Vishal Industrial Estate, Bhandup Village Road, Near d.rainshed@gmail.co Nahur Rly. Station, m Bhandup (W), Mumbai Transportation and other Charges 3,44, ,44, Deputy Commission er of Income Tax, Circle 8(), Kolkata Office of the Deputy Commissioner of Income Tax, Circle 8(), Kolkata kolkata.dcit8.@inco Room 8, 5th metax.gov.in Floor, Aayakar Bhawan, P 7, Chowringhee Square, Kolkata Tax Demand for AY u/s 43() of Income Tax Act, ,90, Tax Demand for AY u/s 47 / 43(3) & 56 of Income 4 Tax Act, 96 62,92, Tax Demand for AY u/s 5WE(3) of Income Tax Act, ,66, Tax Demand for AY 20 2 u/s 43(3) of Income Tax Act, 96 3,40, ,40,67.00 Tax Demand for AY u/s 44C(3)/43(3) and 56 of Income Tax Act, 96 74,43,77, Tax Demand for AY u/s 44C(3)/43(3) and 56 of Income Tax Act, 96 8,55,90, ,9,00, Page 8 of 6

9 9 Dwarka PAN of Proprietor: Sales Agency ADDPD0886B 0 EPC CIN: Construction U99999MH989PL s India Ltd. C Gupta Global Resources Private Limited CIN: U000MH200PT C30464 Shivbag, Jeewan Beema Marg, Pandri, dagaanildwarka@yah near Nirankari Commission oo.com Furniture, Raipur , Chhattisgarh Essar House,, Keshavrao Khadye manoj.agarwalla@ep Marg, Mahalaxmi, cc.co.in Mumbai /8B, Domaguda, Hyderabad , Telengana cbmouli@gmail.com Trade Receiveable Sale of Coal Registration Iino Buliding,, Kawasaki Uchisaiwaicho, 2 Freight chartering@in.kline.c 2 Kisen Kaisha Chome, Chiyoda KU, Demurrage om Limited (Registered in Tokyo , Charges Japan) Japan Registration panamax@pacificcarr Kim Seng PCL M iers.com.sg Promenade, # (Shipping) Freight Great World City, Pte Limited (Registered in ops.panamax@pacifi Singapore Singapore) ccarriers.com.sg and 47,54, ,54, ,84,6, ,2,65, ,77,29,5.00 8,07,573.74,52,08, ,05,88, ,22,42,99, Kolkata Regional arun.jain@sbicaps.co SBI Capital CIN: Office,, Middleton m Advisory Services, 4 Markets U99999MH986PL Street, Jeevandeep etc. Limited C Building, Kolkata head.calro@sbicaps.c om 5 Siemens Limited 6 Ultrabulk A/S Plot 6A, Sector 8, CIN: Maruti Industrial L28920MH957PLC Area, HUDA, Gurgaon Danish CVR (Registered Denmark) in 4,66,58, ,66,58, Claim against ashish.mathur@siem Contracts for ens.com Switchyard and Turbine 4,28,83, ,28,83,25.83 Claim against Collaborative Business Ventures (inclusive of Smakkedalen 6, 2820 legal@ultrabulk.com Gentofte, Denmark Interest) 3,25,62,28.53,88,80,49, Page 9 of 6

10 7 Wollongong Coal Limited 8 Company (Registered Australia) Company Wongawilli Coal Pty Limited (Registered Australia) 7 Princes Highway (Cnr Bellambi Lane) ssharma@wcl.com.a Coal Purchase Corrimal NSW 258, u and Legal Cost in Australia 6,32,76, ,75, ,83,03,09, Princes Highway (Cnr Bellambi Lane) ssharma@wcl.com.a Coal Purchase Corrimal NSW 258, u and Legal Cost 2 in Australia,0,47, ,78, ,86,24, TOTAL 22,25,46, , ,53, ,89,96,07, ,54,23,02,07.06 NOTES:. The claim of the Operational Creditor has been reduced on account of unjustified claim of interest. 2. The amount of claim has been adjusted to the extent of: a) amount recovered by the Operational Creditor in the enforcement proceedings intituted in Australia; b) difference in calculation of the interest amount. 3. Tax Demand of Rs. 5,90,57/ is not admitted since as per the records of the Corporate Debtor, the amount has already been paid. 4. Tax Demand of Rs. 62,92,753/ is not admitted since as per the records of the Corporate Debtor, the amount has already been paid. 5. Tax Demand of Rs. 2,66,72/ is not admitted since as per the records of the Corporate Debtor, the amount has already been paid. 6. Tax Demand of Rs. 74,43,77,590/ is not admitted as the Corporate Debtor had preferred an Appeal against such Order, which is pending before the Appellate Authority. As the claim is contingent, the same has not been admitted. 7. In AY 203 4, the tax outstanding of CCorporate Debtor was Rs. 5.9 crores as on the date of filing IT return. Thereafter, the Corporate Debtor paid Rs. 3 crores. Subsequently, the IT department passed an assessment order for Rs crores alongwith interest of Rs..59 crores. Appeal has been filed agaist such order. The claim is contingent and an amount of Rs. 2.9 crore is admitted. 8. As per the books of the Corporate Debtor, there are no dues payable to such Operational Creditor. Such Creditor has also not provided any evidence supporting its claim. In fact, there are dues receivable from such Operational Creditor in the books of the Corporate Debtor. 9. The claim of such Creditor has been reduced to the extent of the counter claim filed by the Corporate Debtor against the Operational Creditor. 0. The claim has been adjusted to the extent of: a) unjustified claim of interest; b) unjustified claim of future losses.. The claim of the Operational Creditor has been reduced on account of unjustified claim of interest. 2. The claim of the Operational Creditor has been reduced on account of unjustified claim of interest. Page 0 of 6

11 LIST C GUJARAT NRE COKE LIMITED List of Stakeholders (Pursuant to claims received and updated as on , being the last date of submission of claims) Category: Operational Creditors only Workmen and Employees Sl. Name of Workmen/ Employee Identification Number Address e mail ID Nature of Debt Amount Claimed (in INR) Amount of Claims Admitted (in INR) Secured/ Unsecured TOTAL Page of 6

12 LIST D GUJARAT NRE COKE LIMITED List of Stakeholders (Pursuant to claims received and updated as on , being the last date of submission of claims) Category: Other Stakeholders Sl. Name Identification Number Address e mail ID Nature of Debt Amount Claimed (in INR) Amount of Claims Admitted (in INR) Secured/ Unsecured TOTAL Page 2 of 6

13 Sl. Interest Interest for Existing Term Loans, Working Capital Term Loans (WCTL), Funded Interest Term Loans (FITL), Non Convertible Debentures (NCD) and New/Additional Term Loans including Viability Gap Funding (VGF) by CDR and Non CDR Lenders but excluding Term Loan I granted by Lakshmi Vilas Bank for Term Loan of Rs Crores st Pari passu Charge on the entire fixed assets (both present and future) of the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka and Windmill units at various locations in the State of Gujarat. st Pari passu Charge over the entire fixed assets (both present and future) of the Corporate Debtor's leased unit namely at NRE Metcoke Limited (now merged with Gujarat NRE Coke Limited) at Bhachau in the State of Gujarat. 2nd Pari passu Charge over the entire fixed assets (both present and future) of the Corporate Debtor's leased unit namely at Bajrangbali Coke Industries Limited (now merged with Gujarat NRE Coke Limited) at Bhachau in the State of Gujarat. 2nd Pari passu Charge over the entire current assets (both present and future) of the Corporate Debtor namely, stocks of raw material, semi finished and finished goods and book debts, outstanding monies, receivables, choses in action and/or other claims pertaining to the Corporate Debtor's various Projects in the States of Gujarat and Karnataka. Interest held exclusively by Lakshmi Vilas Bank for Term Loan I of Rs Crores 2 st Charge on the entire fixed assets of Bajrangbali Coke Industries Limited (now merged with Gujarat NRE Coke Limited), located at Bhachau in the State of Gujarat. 2nd Pari passu Charge on the entire fixed assets (both present and future) of the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka and Windmill units at various locations in the State of Gujarat. Page 3 of 6

14 Interest for Working Capital Facilities [Cash Credit (CC), Letter of Credit (LC), Overdraft and Bank Guarantee] sanctioned by both CDR and Non CDR Lenders st Pari passu Charge on the entire current assets (both present and future) pertaining to the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka. 2 2nd Pari passu Charge on the entire fixed assets (both present and future) pertaining to the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka and Windmill units at various locations in the State of Gujarat. 2nd Pari passu Charge over the entire fixed assets (both present and future) of the Corporate Debtor's leased unit namely at NRE Metcoke Limited 3 (now merged with Gujarat NRE Coke Limited) at Bhachau in the State of Gujarat. Common Additional Interest for Existing Term Loans, Non Convertible Debentures (NCD), Working Capital Term Loans (WCTL), Funded Interest Term Loans (FITL), Working Capital Facilities (both funded and non fund based) st Pari passu Charge on Residential Property at, Clyde Row, Hastings, Kolkata, sgtanding in the name of Mr. Arun Kumar Jagatramka. st Pari passu charge on Residential cum office Property at NRE House, Saru Road, Jamnagar, Gujarat, standing in the name of Mr. Arun Kumar 2 Jagatramka. Pledge of unencumbered shares of the Corporate Debtor held by the Promoters/Promoter Group Company aggregating to 7,84,78,035 Equity 3 Shares and,33,57,468 Class "B" Equity Shares. (Refer 2 for details ) Page 4 of 6

15 Guarantees (Common for all Facilities) Personal Guarantees of Promoters/Directors, i.e. Mr. Arun Kumar Jagatramka and Ms. Mona Jagatramka. Corporate Guarantee (to the extent of the value of shares pledged) of Promoter Group companies, namely: 2 3 i. Gujarat NRE Mineral Resources Limited (now merged with Bharat NRE Coke Limited) ii. Mangal Crystal Coke Private Limited iii. Bhachau Traders Private Limited iv. Khambalia Traders Private Limited v. Mahanidhi Vyapaar Private Limited vi. Russel Vale Traders Private Limited vii. Wonga Traders Private Limited Corporate Guarantee of Bajrangbali Coke Industries Limited (now merged with Gujarat NRE Coke Limited), NRE Metcoke Limited (now merged with Gujarat NRE Coke Limited) and Bharat NRE Coke Limited. Term Loan NRE Metcoke Limited (now merged with Gujarat NRE Coke Limited) in favour of JM Financial Asset Reconstruction Company Limited i. Exclusive charge on current assets of NRE Metcoke Limited (now merged with Gujarat NRE Coke Limited) ii. 2nd Pari passu charge on all immovable and movable assets of NRE Metcoke Limited (now merged with Gujarat NRE Coke Limited) Page 5 of 6

16 2 Pledge of Shares to CDR and Non CDR Lenders Sl. Pledgor Equity ( of Shares) Class "B" Equity ( of Shares) State Bank of India Arun Kumar Jagatramka 22,50,556 20,40,055 2 Gujarat NRE Mineral Resources Limited (now merged with Bharat NRE Coke Limited) 60,22,472 68,3,93 3 Mona Jagatramka 5,007 5,85,500 4 Bhachau Traders Private Limited 2,00,00,000 5 Khambalia Traders Private Limited 2,00,00,000 6 Mahanidhi Vyapaar Private Limited 2,00,00,000 7 Russel Vale Traders Private Limited 2,00,00,000 8 Wonga Traders Private Limited 2,00,00,000 9 Mangal Crystal Coke Private Limited 4,50,00,000 Lakshmi Vilas Bank Gujarat NRE Mineral Resources Limited (now merged with Bharat NRE Coke Limited) 35,00,000 3,00,000 2 Arun Kumar Jagatramka 26,00,000 8,00,000 IDBI Bank Limited Gujarat NRE Mineral Resources Limited (now merged with Bharat NRE Coke Limited) 57,00,000 United Bank of India Gujarat NRE Mineral Resources Limited (now merged with Bharat NRE Coke Limited),34,00,000 TOTAL 7,84,78,035,33,57,468 NOTE: Shares are pledged by Pledgors to the above Banks, however, all CDR and Non CDR Lenders have pari passu security interest in the same. Page 6 of 6