|
Report Date : |
03.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
G. R. ENGINEERING PRIVATE LIMITED (w.e.f. 05.05.2008) |
|
|
|
|
Formerly Known
As : |
HARIANI HOLDINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Poonam Chambers, A Wing, 2nd Floor, Dr. A B Road, Worli,
Mumbai – 400018, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.10.1990 |
|
|
|
|
Com. Reg. No.: |
11-58602 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.54.396 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65990MH1990PTC058602 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG13231B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH8828G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Engineering Goods, Petrochemical Equipment, Heater
Changers, Bullets Cooling Tower and Chilling Plants. |
|
|
|
|
No. of Employees
: |
Information declined by management. |
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 6900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Management has failed to file its latest financials of 2013 with government
department. As per record of 2012, sales and profit of the company has dipped.
However, networth of the company appears to be strong. Liquidity position
seems to be decent. Trade relation reported to be fair. Business is active. Payment terms are reported to be regular
and as per commitments. The company can be considered for business dealing 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs.68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August. Onion
prices have risen nearly 300 % from last September. Vegetables cost nearly 90 %
more than they did last year. Wake up to the economic contribution of slum dwellers.
They contribute more than 7.5 % to the country’s gross domestic product,
according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs.41900 for 16 GB variant) and 5s (Rs.53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based – Cash Credit = BBB+ |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
February, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limit – WCDL = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
February, 2013 |
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 DECLINED BY
|
Name : |
Mr. Rana |
|
Designation : |
Finance Key Executive |
|
Contact No.: |
91-22-24960551 |
|
Date : |
29.11.2013 |
LOCATIONS
|
Registered Office : |
Poonam Chambers, A Wing, 2nd Floor, Dr. A B Road, Worli,
Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-2496 0551/ 52/ 53/ 54/ 55 |
|
Mobile No.: |
91-9820025029 (Mr. M. Kapadia) |
|
Fax No.: |
91-22-24964532 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office : |
529, Som Dut Chambers – II, 9, |
|
Tel. No.: |
91-11-2617 0252 / 2618 6779 |
|
Fax No.: |
91-11-2619 2884 |
|
E-Mail : |
|
|
|
|
|
Workshop : |
G-14, MIDC Industrial Area, Tarapur – 401506, |
|
Tel. No.: |
91-2525-272870 / 272970 |
|
Fax No.: |
91-2525-273287 |
|
E-Mail : |
|
|
|
|
|
Shipping Division: |
5A/5B, Sapana Terraces, 1st Floor, Swatantra Path,
Vasco-Da-Gama, |
|
Tel. No.: |
91-834-2512972 / 2512973 |
|
Fax No.: |
91-834-2510415 |
|
E-Mail : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Doulatram Pribhdas Hariani |
|
Designation : |
Whole-time director |
|
Address : |
401 Prabhu Kutir, Alta Mount Road, Mumbai – 400 026, Maharashtra,
India |
|
Date of
Birth/Age : |
27.10.1926 |
|
Date of
Appointment : |
08.05.2008 |
|
Election
Commission Identity Card No. : |
MT/ 04/ 024/ 3542566 |
|
DIN No.: |
00131120 |
|
Pan No.: |
AAAPH2351R |
|
|
|
|
Name : |
Mr. Ramesh Doulatram Hariani |
|
Designation : |
Managing Director |
|
Address : |
Row House No. 3, Grand Paradi Apartment, August Kranti Marg, Mumbai –
400036, Maharashtra, India |
|
Date of
Birth/Age : |
11.10.1949 |
|
Date of
Appointment : |
08.05.2008 |
|
Election
Commission Identity Card No. : |
MT/ 040/ 024/ 009562 |
|
DIN No.: |
00131240 |
|
PAN No.: |
AAAPH1681E |
|
|
|
|
Name : |
Mr. Shankar Shripad Shirolkar |
|
Designation : |
Director |
|
Address : |
1st Floor, Apls Plaza, 15 Second Bhatwadi Girgaum, Mumbai –
400004, Maharashtra, India |
|
Date of
Birth/Age : |
26.12.1938 |
|
Date of
Appointment : |
08.05.2008 |
|
DIN No.: |
01891727 |
|
PAN No.: |
AOPPS3509H |
|
|
|
|
Name : |
Mrs. Parmeshwari Doulatram Hariani |
|
Designation : |
Whole time Director |
|
Address : |
401, Pabhu Kutir, Alta Mount Road, Mumbai-400026, Maharashtra, India |
|
Date of
Birth/Age : |
21.08.1929 |
|
Date of
Appointment : |
08.05.2008 |
|
Election
Commission Identity Card No. : |
MT/ 04/ 024/ 354255 |
|
DIN No.: |
00131387 |
|
PAN No.: |
AAAPH7954E |
|
|
|
|
Name : |
Mrs. Chilamiliika Lalini Hariani |
|
Designation : |
Whole Time Director |
|
Address : |
Bunglow No. 3, Grand Paradi Apartment, Dadi Seth Road, Mumbai-400036,
Maharashtra, India |
|
Date of
Birth/Age : |
06.08.1948 |
|
Date of
Appointment : |
08.05.2008 |
|
DIN No.: |
01844372 |
|
PAN No.: |
AAAPH7884B |
KEY EXECUTIVES
|
Name : |
Mr. Rana |
|
Designation : |
Finance Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Daulatram Pribhdas Hairani |
|
358900 |
|
Parmeshari Daulatram Hariani |
|
446940 |
|
Daulatram P Hariani (HUF) |
|
96000 |
|
Ramesh Daulatram Hariani |
|
2894840 |
|
Chilamilika Lalni Hariani |
|
72000 |
|
Gope Daulatram Hariani - NRE |
|
30720 |
|
Gope Daulatram Hariani - NRO |
|
136800 |
|
Jay Gope Hariani - NRE |
|
221440 |
|
Jay Gope Hariani – NRO |
|
44544 |
|
Neil F Hariani - NRE |
|
221440 |
|
Neil F Hariani – NRO |
|
24000 |
|
Gita H Zeigelbaur – NRE |
|
413856 |
|
Gita H Zeigelbaur – NRO |
|
153320 |
|
Shaun Paul Zeigelbaur – NRE |
|
160000 |
|
Gil Paul Zeigelbaur – NRE |
|
160000 |
|
Chander Pribhdas Hariani |
|
4800 |
|
|
|
|
|
Total |
|
5439600 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
28.79 |
|
Directors or relatives of directors |
|
71.21 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Engineering Goods, Petrochemical Equipment, Heater Changers,
Bullets Cooling Tower and Chilling Plants. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Bank of Maharashtra |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
Jitendra Sanghvi and Company Chartered Accountants |
|
Address : |
405, Churchgate Chambers, 5, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
PAN No.: |
AAHFJ1944M |
|
|
|
|
Associate : |
· G. R. Infrastructure Private Limited, India |
|
|
|
|
Subsidiary
Company : |
· Grew Limited LLC, India |
|
|
|
|
Enterprises
which are owned, or have
significant influence of or are partners with Key
management personnel
and their relatives: |
· Grew Industries Private Limited, India |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5439600 |
Equity Shares |
Rs.10/- each |
Rs.54.396 Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
54.396 |
54.396 |
|
(b) Reserves & Surplus |
|
1671.260 |
1496.780 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1)+(2) |
|
1725.656 |
1551.176 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.522 |
53.126 |
|
(b) Deferred tax liabilities (Net) |
|
30.625 |
35.920 |
|
(c) Other long
term liabilities |
|
3.690 |
0.431 |
|
(d) long-term
provisions |
|
5.269 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
62.106 |
89.477 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
962.238 |
420.669 |
|
(b)
Trade payables |
|
373.514 |
238.897 |
|
(c)
Other current liabilities |
|
944.984 |
480.082 |
|
(d) Short-term
provisions |
|
427.628 |
475.100 |
|
Total Current
Liabilities (4) |
|
2708.364 |
1614.748 |
|
|
|
|
|
|
TOTAL |
|
4496.126 |
3255.401 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
660.313 |
587.628 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
145.008 |
47.018 |
|
(iv)
Intangible assets under development |
|
11.321 |
0.000 |
|
(b) Non-current Investments |
|
467.188 |
437.943 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
254.858 |
409.243 |
|
(e) Other
Non-current assets |
|
0.329 |
47.497 |
|
Total Non-Current
Assets |
|
1539.017 |
1529.329 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
621.223 |
365.931 |
|
(c)
Trade receivables |
|
905.805 |
898.461 |
|
(d) Cash
and cash equivalents |
|
3.470 |
6.535 |
|
(e)
Short-term loans and advances |
|
606.810 |
454.989 |
|
(f) Other
current assets |
|
819.801 |
0.156 |
|
Total
Current Assets |
|
2957.109 |
1726.072 |
|
|
|
|
|
|
TOTAL |
|
4496.126 |
3255.401 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
54.396 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1109.264 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1163.660 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
202.449 |
|
|
2] Unsecured Loans |
|
|
670.493 |
|
|
TOTAL BORROWING |
|
|
872.942 |
|
|
DEFERRED TAX LIABILITIES |
|
|
30.887 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2067.489 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
493.566 |
|
|
Capital work-in-progress |
|
|
13.833 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
341.581 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
491.089 |
|
|
Sundry Debtors |
|
|
531.239 |
|
|
Cash & Bank Balances |
|
|
165.558 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
779.429 |
|
Total
Current Assets |
|
|
1967.315 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
505.293 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
243.995 |
|
Total
Current Liabilities |
|
|
749.288 |
|
|
Net Current Assets |
|
|
1218.027 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.482 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2067.489 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2427.030 |
3424.176 |
3162.217 |
|
|
|
Other Income |
68.986 |
66.353 |
51.287 |
|
|
|
TOTAL (A) |
2496.016 |
3490.529 |
3213.504 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2012.887 |
2668.311 |
2785.898 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
483.129 |
822.218 |
427.606 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
98.194 |
41.025 |
24.718 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
384.935 |
781.193 |
402.888 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
100.383 |
79.332 |
62.272 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
284.552 |
701.861 |
340.616 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
78.462 |
235.319 |
115.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
206.090 |
466.542 |
225.045 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
529.154 |
191.638 |
55.024 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
21.000 |
50.000 |
25.000 |
|
|
|
Proposed Dividend |
27.198 |
67.995 |
54.396 |
|
|
|
Corporate Dividend Tax |
4.412 |
11.030 |
9.034 |
|
|
BALANCE CARRIED
TO THE B/S |
682.634 |
529.155 |
191.639 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
37.89 |
85.77 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.26
|
13.37 |
7.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.72
|
20.50 |
10.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.35
|
25.33 |
13.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.45 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57
|
0.31 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.07 |
2.63 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBTS DETAIL:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current Maturity of Long Term Debts |
30.604 |
29.012 |
NA |
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Deferred Sales Tax Loan |
8.169 |
10.643 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Loans Repayable on demand from Banks |
43.309 |
0.000 |
|
Loans and Advances from Director |
125.279 |
110.351 |
|
|
|
|
|
Total |
176.757 |
120.994 |
OPERATIONS
During the period,
the company has recorded a Sales Turnover of Rs.2427.030 Millions as compared to
Rs.3424.176 Millions. EBDITA stood at Rs.483.129 Millions (previous year
Rs.822.218 Millions).
Reduction in the
turnover and profits were mainly due to the timing of the new orders received
and long lead execution schedule mostly to reflect completion in the current
financial year.
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In
Millions) |
|
|
|
|
|
|
a. Bank guarantees given by bank on behalf of the Company |
1724.134 |
1541.658 |
|
b. ESIS dues and Penalty thereon disputed in appeal |
17.683 |
7.116 |
|
(Note: Pursuant to the scheme of arrangement with
GREW Industries Private Limited for Demerger of their engineering
undertaking, all the employees of the engineering undertaking were transferred
to the company. Hence, the above liability will be borne by the company if
the same arises.) |
||
|
c. Liquidated damages and other claims against Company |
Unascertained |
Unascertained |
|
d. Kerala VAT |
48.629 |
-- |
|
f. Corporate Guarantee
for Rs.314.400 Millions (Previous Year
Rs.314.400 Millions) given by the Company to the bank for credit facilities
granted to G.R. Infrastructure Private Limited, an associate company. In the
opinion of management, G.R. Infrastructure Private Limited will be able to
meet its obligations as they arise and consequently no adjustment is required
to be made to the carrying value of the security provided. Various credit
facilities outstanding of G.R. Infrastructure Private Limited against the
corporate guarantee given by the company as on 31/03/2012 is Rs.296.349
Millions (Previous Year Rs.272.002Millions) |
||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10455833 |
25/09/2013 |
34,650,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI, |
B87736138 |
|
2 |
10430422 |
07/05/2013 |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B76853357 |
|
3 |
10411927 |
30/01/2013 |
86,149,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI, |
B70799697 |
|
4 |
10127673 |
14/02/2012 * |
3,250,000,000.00 |
BANK OF
MAHARASHTRA |
WORLI BRANCH,
READY MONEY TERRACE, WORLI NAKA, MUMBAI, MAHARASHTRA - 400018, INDIA |
B35105246 |
* Date of charge modification
FIXED ASSETS:
· Land (Free Hold / Lease Hold)
· Buildings (On Free Hold / Lease Hold land)
· Furniture and Fixtures
· Barges and Vessels
· Plant and Machinery
· Office Equipment
· Vehicles
· Computer
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 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.62.23 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
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.