MIRA INFORM REPORT

 

 

Report Date :

10.04.2013

 

IDENTIFICATION DETAILS

 

Name :

GMR HOLDINGS PRIVATE LIMITED

 

 

Registered Office :

Naman Centre, 7th Floor, Opposite Dena Bank, Plot No. C-31, G Block,, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra 

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

07.04.1993

 

 

Com. Reg. No.:

11-207451

 

 

Capital Investment / Paid-up Capital :

Rs. 30.202 Millions

 

 

CIN No.:

[Company Identification No.]

U67120MH1993PTC207451

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing Services of Company Research and Investing Information.

 

 

No. of Employees :

500 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 6100000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a holding company of UMR Group. It is an established company having a satisfactory track record. Even though there appears some growth in the revenue earned from operation during 2013, it has incurred heavy loss during current year and past some year also.

 

However Networth appears to be satisfactory. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments.

 

The company can be considered normal 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.

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

ICRA

Rating

Long Term Non Fund Based Limit = BBB

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

14.12.2012

 

 

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 31-03-2012.

 

INFORMATION PARTED BY

 

Name :

Mr. Abhinav

Designation :

Account Department

Contact No.:

91-22-42028000

Date :

09.04.2013

 

 

LOCATIONS

 

Registered Office :

Naman Centre, 7th Floor, Opposite Dena Bank, Plot No. C-31, G Block,, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India 

Tel. No.:

91-22-42028000

Mobile No.:

91-9611801538 (Mr. Kamaraju)

Fax No.:

Not Available

E-Mail :

haribabu.t@gmrgroup.in

info@gmrgroup.in

Website :

http://www.gmrgroup.in

Area :

2500 Sq. ft.

Location :

Owned

 

 

Corporate Office :

GMR House, IBC Knowledge Park, Phase 2, “D” Block, 9th Floor, 4/1, Bannerghatta Road, Bangalore-560029, Karnataka, India

Tel. No.:

91-80-40432000

Fax No.:

91-80-40432180

 

 

Regional Office:

Located At:

 

  • New Delhi
  • Himachal Pradesh
  • Bhubaneswar
  • Raipur
  • Orissa
  • Uttarakhand
  • Chandigarh
  • Mumbai
  • Bangalore
  • Mangalore
  • Chennai
  • Villupuram
  • Chengalpattu
  • Srikakulam
  • Rajam
  • Visakhapatnam
  • Rajahmundry
  • Hyderabad 

 

 

Oversees Office :

Located At

 

·         Nepal

·         Turkey

·         Singapore

 

 

DIRECTORS

 

As on 29.09.2012

 

Name :

Mr. Bommidala Srinivas

Designation :

Director

Address :

# 309, 3rd Cross, 2nd Block, 2nd Stage Devasandra, RMV Extension, Bangalore-560094, Karnataka, India

Date of Birth/Age :

01.03.1963

Date of Appointment :

05.08.2005

DIN No.:

00061464

 

 

Name :

Mr. Butchi Sanyasi Raju Grandhi

Designation :

Director

Address :

Varalakshminilayam 486/76, 38th Cross, 1st Main Road, 8th Block, Jayanagar, Bangalore-560082, Karnataka, India

Date of Birth/Age :

22.06.1974

Date of Appointment :

05.08.2005

DIN No.:

00061686

 

 

Name :

Mr. Kiran Kumar Grandhi

Designation :

Director

Address :

Varalakshminilayam 486/76, 38th Cross, 1st Main Road, 8th Block, Jayanagar, Bangalore-560082, Karnataka, India

Date of Birth/Age :

13.09.1975

Date of Appointment :

05.08.2005

DIN No.:

00061669

 

 

Name :

Mr. Mallikarjuna Rao Grandhi

Designation :

Chairman cum Managing Director

Address :

Varalakshminilayam 486/76, 38th Cross, 1st Main Road, 8th Block, Jayanagar, Bangalore-560082, Karnataka, India

Date of Birth/Age :

01.07.1949

Date of Appointment :

18.08.2007

DIN No.:

00574243

 

 

Name :

Mr. Venkatanageswara Rao Boda

Designation :

Director

Address :

98, Next to Nal Layout, Behind FCI Building, East Eng Main Road, 4th Block, Jayanagar, Bangalore-560041, Karnataka, India

Date of Birth/Age :

16.01.1954

Date of Appointment :

18.08.2007

DIN No.:

00051167

 

 

Name :

Mr. Kunchithapadam Balasubramanian

Designation :

Director

Address :

Sharanya 38, Rukmini Road, Kalakshetra Colony, Chennai-600090, Tamilnadu, India

Date of Birth/Age :

03.12.1942

Date of Appointment :

18.08.2007

DIN No.:

00009132

 

 

Name :

Mr. Prasad Kumar Mahadeva

Designation :

Director

Address :

Plot No. 3F, Goo4, HM Winsford, 7 C Main, 3rd Block, Kormangala, Bangalore-560034, Karnataka, India

Date of Birth/Age :

28.11.1949

Date of Appointment :

09.10.2007

DIN No.:

01069880

                       

 

KEY EXECUTIVES

 

Name :

Mr. Haribabu Thota

Designation :

Secretary

Address :

No. 420, 1st Cross, 5th Block, B.S.K Third Stage, Bangalore - 560085, Karnataka, India

Date of Birth/Age :

31.05.1975

Date of Appointment :

10.04.2010

PAN No.:

ADJPT5790N

 

 

Name :

Mr. Abhinav

Designation :

Account Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.09.2012

 

Names of Shareholders

 

No. of Shares

G.M. Rao

 

3019847

G Varalakshmi

 

100

G.M. Rao

 

300

Total

 

3020247

 

 

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Services of Company Research and Investing Information.

 

 

Terms :

 

Selling :

Cash / Credit

 

 

Purchasing :

Cash / Credit

 

 

GENERAL INFORMATION

 

Customers :

OEM’s

 

 

No. of Employees :

500 (Approximately)

 

 

Bankers :

·         Lakshmi Vilas Bank, Bandra (East) Branch, Mumbai, Maharashtra, India

·         ING Vysya Bank

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2012

As on

31.03.2011

Long Term Borrowing

 

 

Form Others

1500.000

7782.412

Short Term Borrowing

 

 

Over Draft from Bank

1173.043

348.149

Total

2673.043

8130.561

 

Details of security for secured loans and Terms of repayment of term loans and others

Details of Loan Taken

Due date of the Loan

Rate of Interest

Details of security for secured loans

From IDFC

1st June 2012

13.25%

Secured against Pledge of Shares of GMR Infrastructure Limited

From IFCI

15th Feb 2013- Rs.750.000 Millions, 15th Feb 2014- Rs.750.000 Millions

Upto 14th May 2011 12.41%, From15th May 2011-13%

Secured against Pledge of Shares of GMR Infrastructure Limited

From L and T Finance Limited

1st March 2015

13.00%

Secured against Pledge of Shares of GMR Infrastructure Limited.

 

Details of security for secured loans and Terms of repayment of term loans and others and Details of security for secured loans

Details of Loan Taken.

Rate of Interest

Details of security for secured loans

Over Draft from Laksmi Vilas Bank

11.90%

Secured Against Pledge of Fixed Deposits

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B. Purshottam and Company

Chartered Accountants

Address :

Flat No. 3-D, Pioneer Homes, 23/A, North Boag Road, T-Nagar, Chennai-600017, Tamilnadu, India

Tel. No.:

91-44-28152515 / 42013486

Fax No.:

91-44-42013485

E-Mail :

bpcchennai@gmail.com

PAN.:

AADFB9589N

 

 

Subsidiary Company :

·         GMR Infrastructure Limited

·         Raxa Security Services Limited

·         GMR Sports Private Limited

·         GMR Infratech Private Limited

·         GMR Projects Private Limited

·         GMR Estates Private Limited

·         Vijay Nivas Real Estates Private Limited

·         Cadence Retail Private Limited

·         Fabcity Properties Private Limited

·         Kondampeta Properties Private Limited

·         Hyderabad Jabilli Properties Private Limited

·         Leora Real Estates Private Limited

·         Pashupati Artex Agencies Private Limited

·         Ravivarma Realty Private Limited

·         GMR Bannerghatta Properties Private Limited

·         GMR Holding (Malta) Limited

·         GMR Infrastructure (Malta) Limited

·         GMR Holdings (Overseas) Limited

·         GMR Holdings (Mauritius) Limited

·         Crossridge Investments Limited

·         GMR International (Malta) Limited

·         GMR Energy Limited

·         GMR Power Corporation Limited

·         GMR Vemagiri Power Generation Limited

·         GMR Energy Trading Limited

·         GMR (Badrinath) Hydro Power Generation Private Limited

·         GMR Mining and Energy Private Limited

·         GMR Kamalanga Energy Limited

·         GMR Consulting Services Private Limited

·         GMR Rajahmundry Energy Limited

·         SJK Powergen Limited

·         GMR Coastal Energy Private Limited

·         GMR Bajoli Holi Hydropower Private Limited

·         GMR Chhattisgarh Energy Limited

·         GMR Londa Hydropower Private Limited

·         GMR Kakinada Energy Private Limited

·         EMCO Energy Limited

·         GMR Gujarat Solar Power Private Limited

·         Badrinath Hydro Power Generation Private Limited

·         Himtal Hydro Power Compnay Private Limited

·         GMR Upper Karnali Hydro Power Public Limited

·         GMR Energy (Mauritius) Limited

·         GMR Lion Energy Limited

·         GMR Energy (Cyprus) Limited

·         GMR Energy (Netherlands) BV

·         PT Dwikarya Sejati Utma

·         PT Duta Sarana Internusa

·         PT Barasentosa Lestari

·         PT Unsoco

·         Karnali Transmission Company Private Limited

·         Marsyangdi Transmission Company Private Limited

·         GMR Maharashtra Energy Limited

·         GMR Bundelkhand Energy Private Limited

·         GMR Uttar Pradesh Energy Private Limited

·         Homeland Energy Group Limited

·         GMR Hosur Energy Limited

·         GMR Indo-Nepal Energy Links Limited

·         GMR Indo-Nepal Power Corridors Limited

·         Aravali Transmission Service Company Limited

·         Maru Transmission Service Company Limited

·         GMR Krishnagiri SEZ Limited

·         Advika Properties Private Limited

·         Aklima Properties Private Limited

·         Amartya Properties Private Limited

·         Baruni Properties Private Limited

·         Camelia Properties Private Limited

·         Eila Properties Private Limited

·         Gerbera Properties Private Limited

·         Lakshmi Priya Properties Private Limited

·         Honeysuckle Properties Private Limited

·         Idika Properties Private Limited

·         Krishnapriya Properties Private Limited

·         Nadira Properties Private Limited

·         Prakalpa Properties Private Limited

·         Purnachandra Properties Private Limited

·         Shreyadita Properties Private Limited

·         Sreepa Properties Private Limited

·         Bougainvillea Properties Private Limited

·         GMR SEZ and Port Holdings Private Limited

·         Deepesh Properties Private Limited

·         Padmapriya Properties Private Limited

·         Kakinada SEZ Private Limited

·         Larkspur Properties Private Limited

·         Pranesh Properties Private Limited

·         Radhapriya Properties Private Limited

·         GMR Highways Limited

·         GMR Tuni Anakapalli Expressways Private Limited

·         GMR Tambaram Tindivanam Expressways Private Limited

·         GMR Ambala Chandigarh Expressways Private Limited

·         GMR Jadcherla Expressways Private Limited

·         GMR Pochanpalli Expressways Limited

·         GMR Ulundurpet Expressways Private Limited

·         GMR Hyderabad Vijayawada Expressways Private Limited

·         GMR OSE Hungund Hospet Highways Private Limited

·         GMR Chennai Outer Ring Road Private Limited

·         GMR Highways Projects Private Limited

·         GMR Kishangarh Udaipur Ahmedabad Expressways Limited

·         Delhi International Airport Private Limited

·         Delhi Aerotropolis Private Limited

·         East Delhi Waste Processing Company Private Limited

·         GMR Airports Limited

·         GMR Airport (Global) Limited

·         GMR Hyderabad International Airport Limited

·         Gateways for India Airports Private Limited

·         Hyderabad Menzies Air Cargo Private Limited

·         GMR Hyderabad Aerotropolis Limited

·         GMR Hyderabad Airport Resource Management Limited

·         GMR Hyderabad Aviation SEZ Limited

·         GMR Hyderabad Multiproduct SEZ Limited

·         Hyderabad Airport Security Services Limited

·         Hyderabad Duty Free Retail Limited

·         GMR Hotels and Resorts Limited

·         GMR Airport Handling Services Company Limited

·         GMR Airport Developers Limited

·         GADL (Mauritius) Limited

·         GADL International Limited

·         Asia Pacific Flight Training Academy Limited

·         GMR Male International Airport Private Limited

·         GMR Male Retail Private Limited

·         Dhruvi Securities Private Limited

·         GMR Corporate Center Limited

·         GMR Aviation Private Limited

·         GMR Renewable Energy Limited

·         GMR Coal Resources PTE.Limited (Formerly known as GMR Infrastructure Investments (Singapore) Pte. Limited)

·         GMR Energy Projects (Mauritius) Limited

·         GMR Infrastructure (Overseas) Limited

·         GMR Power Infra Limited

·         GMR Corporate Affairs Private Limited

·         GMR Business Process and Services Private Limited

·         GMR Infrastructure ( Mauritius) Limited

·         GMR Infrastructure ( UK) Limited

·         GMR Infrastructure (Singapore) PTE. Limited

·         GMR Energy (Singapore) Pte. Limited (Formerly Island Power Company PTE Limited)

·         GMR Supply (Singapore) Pte. Limited (Formerly Island Power Supply PTE Limited)

·         GMR Infrastructure (Cyprus) Limited

·         GMR Infrastructure (Global) Limited

·         GMR Energy (Global) Limited

·         GMR Infrastructure Overseas Sociedad Limitada

·         Homeland Energy Corp.

·         Homeland Mining and Energy SA (Pty) Limited

·         Homeland Coal Mining (Pty) Limited

·         Corpclo331 (Pty) Limited

·         Ferret Coal Holdings (Pty) Limited

·         Ferret Coal (Kendal) (Pty) Limited

·         Homeland Energy (Swaziland) (Pty) Limited

·         Homeland Mining and Energy (Botswana) (Pty) Limited

·         Wizard Investments (Pty) Limited

·         Manoka Mining (Pty) Limited

 

 

Other Group Companies

·         GMR Enterprises Private Limited

·         Grandhi Enterprises Private Limited

·         Rajam Enterprises Private Limited

·         Ideaspace Solutions Limited

·         GMR League Games Private Limited

·         Dandelion Properties Private Limited

·         Asteria Real Esates Private Limited

·         Kakinada Refinery and Petrochemicals Private Limited

·         Corporate Infrastructure Services Private Limited

·         Kirthi Timbers Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2012

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3500000

Equity Shares

Rs.10/- each

Rs.35.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3020247

Equity Shares

Rs.10/- each

Rs.30.202 Millions

 

 

 

 

 

Particular of equity share holder more than 5% of the total number of equity share capital

Name of the share holders

No. of shares

% of holding

 

 

 

Mr. G.M. Rao

3019847

99.99%

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2012

31.03.2011

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

30.202

30.202

30.202

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

1517.073

2672.106

3536.001

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

1547.275

2702.308

3566.203

LOAN FUNDS

 

 

 

1] Secured Loans

2673.043

8130.561

7313.369

2] Unsecured Loans

348.261

82.000

0.000

TOTAL BORROWING

3021.304

8212.561

7313.369

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

4568.579

10914.869

10879.572

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

0.746

0.780

0.814

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

11108.085

10649.045

9756.124

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
0.000

0.000
0.000

 

Sundry Debtors
74.023

103.812
168.199

 

Cash & Bank Balances
1.429

2.400
0.467

 

Other Current Assets
112.184

45.399
0.000

 

Loans & Advances
317.448

202.413
1123.342

Total Current Assets
505.084

354.024

1292.008

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
53.361

55.684
115.997

 

Other Current Liabilities
6991.534

32.894
53.377

 

Provisions
0.441

0.402
0.000

Total Current Liabilities
7045.336

88.980

169.374

Net Current Assets
(6540.252)

265.044
1122.634

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

4568.579

10914.869

10879.572

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Income

231.787

212.480

465.707

 

 

Other Income

 

 

 

 

 

TOTAL                        

231.787

212.480

465.707

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

 

 

Administrative Expenses

1382.308

1076.374

913.309

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                        

1382.308

1076.374

913.309

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

(1150.521)

(863.894)

(447.602)

 

 

 

 

 

Less

TAX                             

4.512

0.000

3.568

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

(1155.033)

(863.894)

(451.170)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(382.43)

(286.03)

(149.38)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012

31.03.2011

31.03.2010

PAT / Total Income

(%)
(498.32)

(406.58)

(96.88)

 

 
 

 

 

pReturn on Total Assets

(PBT/Total Assets}

(%)
(227.45)

(243.48)

(34.62)

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
(0.74)

(0.32)

(0.13)

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
1.95

3.04

2.05

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
0.07

3.98

7.63

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

DETAILS OF SUNDRY CREDITORS

Rs. In Millions

Particulars

31.03.2012

31.03.2011

31.03.2010

 

 

 

 

Trade payables to suppliers end service providers

53.361

55.684

115.997

Total

53.361

55.684

115.997

 

 

 

Sr. No.

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

Yes

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

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

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

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

Yes

 

 

DETAILS OF CHARGES

 

 ENTITY

COMPETENT AUTHORITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER


VARALAKSHMI INVESTMENTS PRIVATE LIMITED

(New Name: GMR HOLDINGS PRIVATE LIMITED)

 

SEBI 

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES IN STIPULATED TIME AS REQUIRED UNDER REGULATION 3(4) READ WITH 3(5) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF GMR INDUSTRIES LTD.

IMPOSED PENALTY RS.0.150 MILLION ALONG WITH OTHER ENTITIES/PERSONS

18-FEB-2013

 

 

OPERATIONAL PERFORMANCE AND FUTURE OUTLOOK

 

The Company has reported a loss of Rs. 1155.033 Millions during the financial year ended March 31, 2012 as against a loss of Rs. 863.894 Millions during the previous year. The Company does not propose to carry any amount to any reserves in the Balance Sheet during the financial year 2011-12.

 

There are no material changes in the nature of Company’s business during the period under review.

 

UNSECURED LOAN

Rs. in Millions

Particular

As on

31.03.2012

As on

31.03.2011

Short Term Borrowing

 

 

Loans and Advance from related parties

348.261

82.000

Total

348.261

82.000

 

 

 

 

 

CONTINGENT LIABILITIES: (As on 31.03.2011)

 

               I.      Rs. 36390.300 Millions (2010:Rs.42448.800 Millions) towards corporate guarantees issued on behalf of group companies and Bank Guarantees obtained.

 

             II.      On account of uncalled liability on shares partly paid: Rs.4.432 Millions (2010 : Nil)

 

            III.      Income tax department has raised an additional demand of Rs 57.835 Millions, while completing assessment for FY 2007-08. The company disputes the demand and filed an appeal against the orders and hence, no provision created.

 

 

FIXED ASSETS:

 

  • Building
  • Computer
  • Furniture and Fittings

 

 

 

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 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 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.54.46

UK Pound

1

Rs.83.13

Euro

1

Rs.70.99

 

 

INFORMATION DETAILS

 

Information Gathered by :

PLK

 

 

Report Prepared by :

NTH

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--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

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.