MIRA
INFORM REPORT
|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SYNEFRA
ENGINEERING AND CONSTRUCTION LIMITED (w.e.f. 07.05.2009) |
|
|
|
|
Formerly Known
As : |
SUZLON INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
One Earth – Tree Lounge, Hadapsar, Pune – 411 028, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.04.1998 |
|
|
|
|
Com. Reg. No.: |
25-016516 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.843.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202PN1998PLC016516 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES07011E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS6871Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Operating and Maintenance of Wind Energy. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10194000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a part of Suzlon Group having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. 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.
INFORMATION PARTED BY
|
Name : |
Mr. Deepak |
|
Designation : |
Assistant Accounts Manager |
|
Contact No.: |
91-20-40122000 |
|
Date : |
25.04.2012 |
LOCATIONS
|
Registered Office : |
One Earth – Tree Lounge, Hadapsar, Pune – 411 028, |
|
Tel. No.: |
91-20-40122000/ 67022000 |
|
Fax No.: |
91-20-40122100/ 2200/ 67022100 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Jitendra Ranchhodbhai Tanti |
|
Designation : |
Managing Director |
|
Address : |
A-1102, S Silver Woods, Mundhwa, Pune – 411 036, |
|
Date of Birth/Age : |
13.04.1964 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00002257 |
|
|
|
|
Name : |
Mr. Ranjitsinh Abhaysinh Parmar |
|
Designation : |
Director |
|
Address : |
Plot No.27A, Acacia – I, |
|
Date of Birth/Age : |
26.08.1955 |
|
Date of Appointment : |
15.12.1999 |
|
DIN No.: |
00002613 |
|
|
|
|
Name : |
Mr. Harish Himatlal Mehta |
|
Designation : |
Director |
|
Address : |
402, Pushkar Apartments, Opposite Shakti Enclave, |
|
Date of Birth/Age : |
13.10.1952 |
|
Date of Appointment : |
19.02.2005 |
|
DIN No.: |
00002753 |
|
|
|
|
Name : |
Mr. Kirtikumar Jasvantlal Vagadia |
|
Designation : |
Director |
|
Address : |
D-302, Kalptaru Regency-II, Phase-II, Kalyani Nagar, Near |
|
Date of Birth/Age : |
12.03.1965 |
|
Date of Appointment : |
25.09.2010 |
|
DIN No.: |
00605991 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak |
|
Designation : |
Assistant Accounts Manager |
|
|
|
|
Name : |
Mr. Sanjeev Nakhasi |
|
Designation : |
Vice President – Projects Strategy and Planning |
|
Date of Birth/Age : |
44 Years |
|
Qualification : |
BE – Civil |
|
Experience : |
23 Years |
|
Date of Appointment : |
01.07.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Amarsinh A. Parmar |
|
23270 |
|
Bakul N. Rathod |
|
600 |
|
Rambhaben Ukabhai |
|
2693400 |
|
Gita T. Tanti |
|
860000 |
|
Nidhi T. Tanti |
|
210000 |
|
Pravan T. Tanti |
|
1432000 |
|
Tulsi R. Tanti Karta of Tulsi Ranchhodbhai HUF |
|
498000 |
|
Sangita V. Tanti |
|
750000 |
|
Rajan V. Tanti through M/G. Sangita V. Tanti |
|
750000 |
|
Vinod R. Tanti Karta of Vinod Ranchhodbhai HUF |
|
750000 |
|
Jintendra Tanti |
|
540000 |
|
Lina J. Tanti |
|
750000 |
|
Brij J. Tanti |
|
750000 |
|
Trisha J. Tanti through M/G. Lina J. Tanti |
|
210000 |
|
Jitendra R. Tanti Karta of Jitendra Ranchhodbhai HUF |
|
750000 |
|
Girish R. Tanti Karta of Girish Ranchhodbhai HUF |
|
48000 |
|
Tulsi R. Tanti Karta of Ranchhodbhai Ramjibhai HUF |
|
48000 |
|
Nilesh V. Dhanani |
|
30000 |
|
Jayaben A. Parmar |
|
4800 |
|
Vasantben Parmar |
|
16290 |
|
Ranjitsinh A. Parmar |
|
188740 |
|
Nalini R. Parmar |
|
53320 |
|
Sheela B. Parmar |
|
108900 |
|
Kiritkumar A. Parmar |
|
65920 |
|
Devyani K. Parmar |
|
45930 |
|
Girish R. Tanti |
|
90000 |
|
Tejjas A. Parmar |
|
20890 |
|
Tanti Holdings Private Limited, |
|
1590000 |
|
Vinod R. Tanti |
|
750000 |
|
Sugati Holdings Private Limited, |
|
800000 |
|
Tanti Holdings Private Limited, |
|
800000 |
|
Suruchi Holdings Private Limited, |
|
800000 |
|
Samanvaya Holdings Private Limited, |
|
800000 |
|
Balrajsinh B. Parmar |
|
129820 |
|
Vishwajitsinh B. Parmar |
|
54900 |
|
Jhanvi B. Parmar |
|
54900 |
|
Chaitali R. Parmar |
|
13660 |
|
Avani R. Parmar |
|
13660 |
|
Bhavisha M. Bhatti |
|
5000 |
|
Total |
|
17500000 |
As on 29.09.2011
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Suzlon Green Power Limited, |
|
500000 |
|
Tanti Holdings Private Limited, |
|
3000000 |
|
Suzlon Green Power Limited, |
|
1000000 |
|
Tanti Holdings Private Limited, |
|
2185000 |
|
Total |
|
6685000 |
As on 29.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
27.37 |
|
Directors
or relatives of directors |
|
72.45 |
|
Other
top fifty shareholders |
|
0.18 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Operating and Maintenance of Wind Energy. |
|
|
|
|
Services : |
v Infrastructure Developers v Project Management Consultancy v Operation and Maintenance of Infrastructure v Engineering and Construction v Wind Power Project v Facility Management Service |
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|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
v
Gujarat State Petroleum Corporation Limited |
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Customers : |
v
SE
Forge Limited v
Mercedes v
Munjal Auto Industries Limited v
GSRTC v
Poonawalla Group v
GDA |
||||||||||||||||||||||||
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No. of Employees : |
200 (Approximately) |
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Bankers : |
v
Yes Bank Limited, 102/ 103, C.G. Centre, C.G.
Road, Panchawati, Ahmedabad – 380 009, v
The Saraswat Co-operative Bank Limited, Somwar
Peth Branch, Jilla Parishad Campus, Somwar Peth, Pune – 411 011, Maharashtra,
India v
IDBI Bank Limited, Hadapsar Branch |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
v
L
& T Finance Limited, L&T House, Ballard Estate, Mumbai – 400 001, v
IDBI Trusteeship Service Limited, v
Infrastructure
Development Finance Company Limited, ITC Centre, 3rd Floor, 760
Anna Salai, Chennai – 600 002, |
|
|
|
|
Auditors : |
|
|
Name : |
SNK and Company Chartered Accountants |
|
Address : |
E-2-B, 4th Floor, The |
|
Tel No.: |
91-20-32549007-8 |
|
PAN No.: |
AAJFS8455L |
|
|
|
|
Company
exercising Significant Influence : |
v
Suzlon Energy Limited |
|
|
|
|
Entities where key management personnel (KMP)/
Relatives of key management personnel (RKMP) have significant influence : |
v
Sarjan Realities Limited v
Tanti Holdings Limited (Formerly known as Suzlon
Capital Limited) v
Suzlon Infrastructure Services Limited v
v
Shubh Reality (South) Private Limited v
Suguti Holdings Private Limited v
Samanvaya Holdings Private Limited v
SE Energy Park Limited v
Suruchi Holdings Private Limited v
Sugati Holdings Private Limited v
Sanman Holdings Private Limited v
Super Wind Project Private Limited v
Simran Wind Project Private Limited v
Suzlon Wind International Limited v
SE Electricals Limited v
Sugati Beach Resort Private Limited v
SE Composites Limited v
SE Forge Limited v
Suzlon Foundation v
ITP Senergy Limited v
Suzlon Power Infrastructure Limited v
Suzlon Green Power Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
10500000 |
Preference Shares |
Rs.100/- each |
Rs.1050.000 Millions |
|
|
Total |
|
Rs.1300.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
17500000 |
Equity Shares (Out of which Nil equity shares of Rs.10 each issued as fully paid
bonus shares by utilisation of Rs. Nil from general reserve and Rs. Nil from
capital redemption reserve.) |
Rs.10/- each |
Rs.175.000 Millions |
|
500000 |
10 % Cumulative Redeemable Preference Shares |
Rs.100/-
each |
Rs.50.000
millions |
|
4000000 |
1% Cumulative Redeemable Preference Shares |
Rs.100/-
each |
Rs.400.000
millions |
|
2185000 |
9% Cumulative Redeemable Preference Shares |
Rs.100/-
each |
Rs.218.500
millions |
|
|
Total |
|
Rs.843.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
843.500 |
843.500 |
610.000 |
|
|
2] Share Application Money Pending Allotment |
11.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1693.447 |
1632.083 |
1717.037 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2548.447 |
2475.583 |
2327.037 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1595.000 |
1740.000 |
3490.000 |
|
|
2] Unsecured Loans |
1357.358 |
1259.658 |
1223.674 |
|
|
TOTAL BORROWING |
2952.358 |
2999.658 |
4713.674 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5500.805 |
5475.241 |
7040.711 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1031.772 |
1089.658 |
722.146 |
|
|
Capital work-in-progress |
1448.091 |
1422.956 |
1776.625 |
|
|
|
|
|
|
|
|
INVESTMENT |
110.154 |
110.144 |
160.133 |
|
|
DEFERRED TAX ASSETS |
39.718 |
0.000 |
48.470 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2990.744
|
3022.150
|
2900.609 |
|
|
Sundry Debtors |
248.054
|
167.895
|
625.112 |
|
|
Cash & Bank Balances |
101.493
|
141.542
|
181.724 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
397.026
|
395.474
|
1468.004 |
|
Total
Current Assets |
3737.317
|
3727.061
|
5175.449 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
581.753 |
633.902
|
692.196 |
|
|
Other Current Liabilities |
278.664
|
235.564
|
145.256 |
|
|
Provisions |
5.830
|
5.112
|
4.660 |
|
Total
Current Liabilities |
866.247
|
874.578
|
842.112 |
|
|
Net Current Assets |
2871.070
|
2852.483
|
4333.337 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5500.805 |
5475.241 |
7040.711 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating revenue, net |
1153.964 |
861.868 |
2080.643 |
|
|
|
Other Income |
14.715 |
69.371 |
70.518 |
|
|
|
TOTAL |
1168.679 |
931.239 |
2151.161 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
622.197 |
|
1208.794 |
|
|
|
Manufacturing service costs |
15.089 |
26.092 |
|
|
|
|
Employee related expenses |
110.772 |
133.642 |
|
|
|
|
Administrative selling other expenses |
93.661 |
186.191 |
|
|
|
|
TOTAL |
841.719 |
779.373 |
1208.794 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
326.960 |
151.866 |
942.367 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL CHARGES |
246.325 |
284.649 |
318.185 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.635 |
132.783 |
624.182 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
59.469 |
48.132 |
10.833 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
21.166 |
(180.915) |
613.349 |
|
|
|
|
|
|
|
|
|
|
Profit / (Loss) from continuing operations before tax |
27.266 |
(128.287) |
697.154 |
|
|
|
Provision for taxation |
(1.991) |
6.827 |
1.730 |
|
|
|
|
|
|
|
|
|
|
Profit / (Loss)
from continuing operations after tax |
29.257 |
(135.114) |
695.424 |
|
|
|
|
|
|
|
|
|
|
Profit / (Loss) from discontinuing operations before tax |
(6.100) |
(51.628) |
(83.805) |
|
|
|
Provision for taxation |
(38.208) |
24.556 |
(11.146) |
|
|
|
|
|
|
|
|
|
|
Profit / (Loss) from
discontinuing operations after tax |
(32.108) |
(76.184) |
(72.659) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
61.365 |
(212.298) |
622.765 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
215.581 |
647.037 |
24.272 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend on Preference Shares (paid at the time of Redemption) |
0.000 |
8.654 |
0.000 |
|
|
|
Transfer to Capital Redemption Reserve |
0.000 |
211.500 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
276.946 |
214.585 |
647.037 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
1.87 |
(14.23) |
38.36 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1250.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.1500.000 millions
The above information has been parted by Mr. Deepak (Assistant Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.25 |
(22.80)
|
28.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.83 |
(20.99)
|
29.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.44 |
(3.76)
|
10.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.07)
|
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.50 |
1.56
|
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.31 |
4.26
|
6.15 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
- Creditors due small micro enterprises |
0.147 |
6.017 |
7.751 |
|
- Creditors due others |
581.606 |
627.885 |
684.445 |
|
Total |
581.753 |
633.902 |
692.196 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of
the firm |
Yes |
|
3) Constitutions
of the firm |
Yes |
|
4) Premises
details |
No |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of
employees |
Yes |
|
9) Name of person
contacted |
Yes |
|
10) Designation
of contact person |
Yes |
|
11) Turnover of
firm for last three years |
Yes |
|
12) Profitability
for last three years |
Yes |
|
13) Reasons for
variation <> 20% |
-- |
|
14) Estimation for
coming financial year |
Yes |
|
15) Capital in
the business |
Yes |
|
16) Details of
sister concerns |
Yes |
|
17) Major
suppliers |
Yes |
|
18) Major
customers |
No |
|
19) Payments
terms |
Yes |
|
20) Export /
Import details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations
that the firm / promoter involved in |
-- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
Yes |
|
25) Conduct of
the banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials, if
provided |
Yes |
|
28) Incorporation
details, if applicable |
Yes |
|
29) Last accounts
filed at ROC |
Yes |
|
30) Major
Shareholders, if available |
Yes |
BUSINESS REVIEW:
The Company is fully
focusing on its core business activities pertaining to Infrastructure
development, viz., development of Special Economic Zone (“SEZ”) for hi-tech
engineering sector in Padubidri,
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45202PN1998PLC016516 |
|
Name of the
company |
SYNEFRA ENGINEERING AND CONSTRUCTION LIMITED |
|
Address of the
registered office or of the principal place of business in |
One Earth – Tree Lounge, Hadapsar, Pune – 411 028, E-Mail: mca@suzlon.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of charge
holder |
CIN No.:
U65990MH1994PLC083147 L & T Finance
Limited, L&T House, Ballard Estate, Mumbai – 400 001, E-Mail: mca21@ltfinance.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation dated 06.02.2012 |
|
Date of
instrument Creating the charge |
06.02.2012 |
|
Amount secured by
the charge |
Rs.17.636
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Terms of
Repayment: 35 months Margin: 20% Extent and
Operation of the charge: First and
exclusive charge by way of hypothecation. |
|
Short particulars
of the property charged |
1 NO. of System
Framework Scaffolding 1 NO. Bar Cutting
Machine 1 NO. Bar Bending
Machine 1 NO. Concrete
Mixer 1 NO. Batching
Plant 1 NO. Concrete
Pump |
CONTINGENT
LIABILITIES AND PROVISIONS:
|
Particulars |
31.03.2011 (Rs.
in millions) |
|
Details of disputed tax liabilities relating to sales service and
income |
|
|
Details of disputed sales tax |
36.491 |
|
Details of disputed service tax demands |
224.862 |
|
Details of other disputed tax liabilities |
11.308 |
|
Details of claims against company not acknowledged as debts |
26.660 |
|
Details of lease commitments |
7.056 |
|
Details of estimated amount of contract remaining to be executed |
65.347 |
|
Details of other contingent liabilities |
74.206 |
Footnotes:
(A) (#) The
company has paid Rs.80.000 millions in Financial Year 2005-06 under protest for
the claims against the company debiting the said amount to the concerned
authority, which has been shown under "Loans and Advances" in the
Balance Sheet.
(B) (**) The
company has provided the Bank Guarantee of Rs.5.654 millions in Financial Year
2010-11 under protest for the claims against the company to concerned
authority.
(C) (*) The
company has paid Rs.18.090 millions in Financial Year 2005-06 under protest for
the claims against the company debiting the said amount to the concerned
authority, which has been shown under "Loans and Advances" in the
Balance Sheet.
TRADE REFERENCES:
v Gujarat State Petroleum Corporation Limited
v
SE
Forge Limited
v
Mercedes
FIXED ASSETS:
v
v
v Building
v Plant and Machinery
v Wind Mills
v Office Equipment
v Computers
v Furniture and Fixture
v Vehicles
WEBSITE DETAILS:
OVERVIEW:
Synefra stands for Synergy in Infrastructure - an integrated synergized approach that defines and symbolizes every program of Synefra. The 'e' that binds Synergy and Infrastructure symbolizes their core business focus on Efficiency, Effectiveness, Excellence, Ecology, Economics and Environment.
Subject, formerly known as Suzlon Infrastructure Limited, (A Tanti Group
Company) was established in 1998 with a focus to conceptualize, invest, develop
and maintain hi-tech industrial infrastructure globally. With a team of
experienced professionals comprising of engineers, architects, finance and
project management specialists, Synefra offers a wide array of specialized
services in:
v Excellence in Project Management (e-PM)
v Engineering, Procurement and Construction (EPC)
v Special Economic Zones Development including integrated Facility Management Services (i-FMS)
Together they strive to achieve the impossible, combat every
challenge and contribute towards the overall growth and advancement of the
economy. Rapid development and urbanisation are infallible to a nation's
progress. In today's fast-paced age of modernisation and globalisation, it is
imperative that
With more than a decade of cross-functional expertise, Synefra today has
evolved as an Innovative Infrastructure Solutions provider to various business
segments. Having successfully delivered over 150 projects globally, with a
footprint of 1400 acres of SEZ development, building over 3 million sq. ft. of
industrial spaces and more than 1.5 million sq. ft. of top class office spaces,
campuses, R and D centres, Training and Learning academies and social
infrastructure; Synefra is geared to deliver world class infrastructure
solutions with in-house expertise.
NEWS:
LEED PLATINUM
RATING FOR SYNEFRA’S PROJECT
Suzlon One Earth, the global HQ of Suzlon Group, project accomplished by
Synefra Engineering and Construction (a Tanti Group company) has been honoured with
a high LEED (Leadership in Energy and Environmental Design) Platinum rating by
Indian Green Building Council (IGBC) which is administered by IGBC under
license agreement with the USGBC (US Green Building Council). One Earth
achieved 57 points out of 58 applied, Synefra conceived, managed and executed
the project.
The LEED rating citation was handed over at
According to the Company, developed on an area of 41,000 sq.mtr (10.13
acres), One Earth, one of the largest green building projects in the India with
a built up area of over 8,00,000 sq ft. Synefra sets benchmark for energy
efficiency in all aspects of engineering and construction. The company achieved
the highest LEED rating for its whole-building approach to sustainability by
attaining key areas of human and environmental health, sustainable site
development, efficient water, energy and waste methods, materials and resource
selection, indoor environmental quality besides innovation and design
processes.
Synefra has achieved an overall 30 - 40% reduction in operating costs
due to 40% energy saving and 30% water saving solutions as well as achieved the
highest green building rating incorporating latest technology and an integrated
management approach with synergy of all stakeholders.
Synefra Engineering and Construction Limited - A Tanti Group Company,
formerly known us Suzlon Infrastructure Limited was established in 1998 with a
focus to conceptualize, invest, develop and maintain Hi-Tech Industrial
Infrastructure globally for Suzlon Group companies. With more than a decade of
execution expertise, Synefra has today evolved to be an Innovative
Infrastructure Solutions provider to different industrial business segments.
With experienced professionals comprising of engineers, architects, finance and
management specialists, Synefra offers a wide array of specialized services in
Efficient Project Management (e-PM), Engineering and Construction (E and C) and
Integrated Facility Management Services (i-FM).
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
|
1 |
Rs.84.65 |
|
Euro |
1 |
Rs.69.25 |
|
|
|
|
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
48 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.