MIRA
INFORM REPORT
|
Report Date : |
11.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
J. KUMAR INFRAPROJECTS LIMITED |
|
|
|
|
Registered
Office : |
16-A, Andheri Industrial Estate, 22 Veera Desai Road, Andheri (West),
Mumbai – 400 058, Maharashtra |
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Country : |
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Financials (as on)
: |
31.03.2013 |
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|
|
Date of
Incorporation : |
02.12.1999 |
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|
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|
Com. Reg. No.: |
11-122886 |
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Capital
Investment / Paid-up Capital : |
Rs.278.012 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74210MH1999PLC122886 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ9161C |
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|
Legal Form : |
Public Limited Liability Company. The Company’s Shares are listed on the
Stock Exchanges. |
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Line of Business
: |
Subject is engaged in construction activity like Road Construction
etc. |
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|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20130000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There appears slight dip in profitability of the company during
financial year 2013. However, general financial position of the company seems to be sound
and healthy. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
usually correct. 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
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.
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 : |
Ms. Poornima |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-91-9167224519 |
|
Date : |
06.12.2013 |
LOCATIONS
|
Registered Office : |
16-A, Andheri Industrial Estate, 22 Veera Desai Road, Andheri (West),
Mumbai – 400 058, Maharashtra, India |
|
Tel. No.: |
91-22-26730291/ 0848/ 67743555 |
|
Fax No.: |
91-22-26730814 |
|
E-Mail : |
|
|
Website : |
NOTE: They have site offices in different places.
DIRECTORS
AS ON 26.08.2013
|
Name : |
Mr. Jagdish Kumar Madanlal Gupta |
|
Designation : |
Chairman cum Managing Director |
|
Date of Birth/Age : |
08.08.1948 |
|
Date of Appointment : |
02.12.1999 |
|
DIN No.: |
01112887 |
|
|
|
|
Name : |
Mr. Kamal Jagdish Gupta |
|
Designation : |
Whole-time Director |
|
Date of Birth/Age : |
17.10.1973 |
|
Date of Appointment : |
02.12.1999 |
|
DIN No.: |
00628053 |
|
|
|
|
Name : |
Mr. Nalin Jagdish Gupta |
|
Designation : |
Whole-time Director |
|
Date of Birth/Age : |
15.08.1975 |
|
Date of Appointment : |
02.12.1999 |
|
DIN No.: |
00627832 |
|
|
|
|
Name : |
Mr. Raghavachari Srinivasan |
|
Designation : |
Additional Director |
|
Date of Birth/Age : |
30.05.1931 |
|
Date of Appointment : |
16.07.2007 |
|
DIN No.: |
00003968 |
|
|
|
|
Name : |
Mr. Padmanabh Pundrikray Vora |
|
Designation : |
Additional Director |
|
Date of Birth/Age : |
01.10.1943 |
|
Date of Appointment : |
16.07.2007 |
|
DIN No.: |
00003192 |
|
|
|
|
Name : |
Mr. Ashwani Kumar |
|
Designation : |
Director |
|
Date of Birth/Age : |
15.08.1948 |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
02863328 |
KEY EXECUTIVES
|
Name : |
Ms. Poornima Reddy |
|
Designation : |
Company Secretary |
|
Address : |
E-402, Godhavari Shivadarshan Co-operative Housing Society, Sector-16,
Sanpada, Navi Mumbai – 400 705, Maharashtra, India |
|
Date of Birth/Age : |
21.11.1971 |
|
Date of Appointment : |
16.07.2007 |
|
PAN No.: |
ADYPV1227F |
SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Category of Shareholders |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
Individuals / Hindu Undivided Family |
11653455 |
41.92 |
|
|
4240462 |
15.25 |
|
|
110 |
0.00 |
|
|
110 |
0.00 |
|
|
15894027 |
57.17 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
15894027 |
57.17 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
271 |
0.00 |
|
|
1715327 |
6.17 |
|
|
1715598 |
6.17 |
|
|
|
|
|
|
5156595 |
18.55 |
|
|
|
|
|
|
1142128 |
4.11 |
|
|
3220769 |
11.58 |
|
|
672088 |
2.42 |
|
|
264897 |
0.95 |
|
|
375569 |
1.35 |
|
|
31622 |
0.11 |
|
|
10191580 |
36.66 |
|
Total Public shareholding (B) |
11907178 |
42.83 |
|
Total (A)+(B) |
27801205 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total (A)+(B)+(C) |
27801205 |
0.00 |
(1) Indian
Shareholding of securities (including shares, warrants, convertible securities)
of persons belonging to the category Promoter and Promoter Group
|
Category of Shareholders |
No.
of Shares |
Percentage
of Holding |
|
Jagdishkumar Madanlal Gupta |
53,91,525 |
19.39 |
|
J Kumar Software System India
Private Limited |
32,45,977 |
11.68 |
|
Kusum Jagdish Gupta |
14,24,510 |
5.12 |
|
Kamal Jagdish Gupta |
14,22,500 |
5.12 |
|
Nalin Jagdish Gupta |
14,07,000 |
5.06 |
|
Shalini Nalin Gupta |
10,35,910 |
3.73 |
|
J Kumar Minerals and Mines India
Private Limited |
9,94,485 |
3.58 |
|
Sonal Kamal Gupta |
9,72,010 |
3.50 |
|
Govind Dabriwal |
110 |
0.00 |
|
|
|
|
|
Total |
1,58,94,027 |
57.17 |
Shareholding of securities (including shares, warrants, convertible securities)
of persons belonging to the category Public and holding more than 1% of the
total number of shares
|
Category of Shareholders |
No.
of Shares |
Percentage
of Holding |
|
American Funds Insurance Series
Global Small Capitalization Fund |
1300000 |
4.68 |
|
Anand Rathi Global Finance
Limited |
761681 |
2.74 |
|
Kishore Gavrichand Shah |
744775 |
2.68 |
|
Mentor Capital Limited |
559615 |
2.01 |
|
Manaya Traders Private Limited |
528178 |
1.90 |
|
Anand Rathi Share and Stock
Brokers Limited |
472156 |
1.70 |
|
Anand Rathi Share and Stock
Brokers Limited |
442220 |
1.59 |
|
Cresta Fund Limited |
404327 |
1.45 |
|
Neeta Ravindra Lad |
386807 |
1.39 |
|
Priti Ravindra Lad |
303894 |
1.09 |
|
Long Life Realtors LLP |
300000 |
1.08 |
|
Sai Prasad Estate Ventures LLP |
300000 |
1.08 |
|
Surendrakumar Balkishandas
Agarwal |
299899 |
1.08 |
|
Prakhar Advisors and Traders
Private Limited |
294000 |
1.06 |
|
|
|
|
|
Total |
7097552 |
25.53 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in construction activity like Road Construction
etc. |
|
|
|
|
Imports : |
|
|
Products : |
Machineries |
|
Countries : |
·
Italy ·
Germany |
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|
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Terms : |
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|
Selling : |
Cash and Credit |
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|
|
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Purchasing : |
L/C, Credit, 60 Days and 90 Days |
GENERAL INFORMATION
|
Customers : |
Government Bodies ·
MMRDA ·
MRVC |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
·
Bank of India, Andheri (West), Mumbai,
Maharashtra, India ·
Central Bank of ·
Bank of ·
Allahabad Bank ·
Yes Bank ·
Citi Bank ·
Axis Bank Limited |
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Facilities : |
Total Facility of Can-sortium from Bank as India = Rs.7500.000
Millions for Projects Finance Rs.6500.000 Millions (From Bank of India) |
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NOTES: Long Term Borrowings Secured Term
Loans are secured by hypothecation of Plant and Machinery and backed by
personal guarantee of promoters. Short
Term Borrowings Cash credit from
banks under consortium limit is secured against hypothecation of stock and
book debts and are backed by personal guarantee of promoters. |
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Banking
Relations : |
|
|
|
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|
Auditors : |
|
|
Name : |
Gupta Saharia and Company Chartered Accountants |
|
Address : |
4, Atlanta, Evershine Nagar, Malad (West), Mumbai-400064, Maharashtra,
India |
|
Property Concern
: |
·
J. Kumar and Company ·
Goldline Advertiser |
|
|
|
|
Joint Venture: |
· J. Kumar Infraprojects Limited and Chirag Construction Co. (J.V.) · J. Kumar - Chirag - Babulal (Consortium) · Kumar - Chirag - Navdeep (Consortium) · J. Kumar - Chirag - JEKIN (Consortium) · J. Kumar - Chirag - API (Consortium) · NCC - J. Kumar J.V · Ameya Developers and J. Kumar (J.V) · J. Kumar - Shiva Engineering Construction · J. Kumar - RPS Infraprojects · J. Kumar - Mukesh Brothers · J. Kumar R.K. Indra (Consortium) · J. Kumar PBA J.V. · J. Kumar – CRTG J.V. |
|
|
|
|
Group Company : |
· J. Kumar Software Systems (India) Private Limited · J. Kumar Minerals and Mines (India) Private Limited · J. Kumar Developers Limited |
CAPITAL STRUCTURE
AS ON 26.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27801205 |
Equity Shares |
Rs. 10/- each |
Rs.278.012 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
278.012 |
278.012 |
278.012 |
|
(b) Reserves & Surplus |
4756.333 |
4111.994 |
3504.037 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
5034.345 |
4390.006 |
3782.049 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
859.085 |
474.285 |
90.100 |
|
(b) Deferred tax liabilities (Net) |
51.355 |
42.472 |
36.332 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.639 |
8.500 |
4.000 |
|
Total Non-current Liabilities (3) |
912.079 |
525.257 |
130.432 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1244.294 |
1122.638 |
1430.899 |
|
(b) Trade payables |
909.542 |
506.206 |
357.676 |
|
(c) Other current
liabilities |
3369.261 |
1852.222 |
658.314 |
|
(d) Short-term provisions |
113.089 |
135.375 |
154.434 |
|
Total Current Liabilities (4) |
5636.186 |
3616.441 |
2601.323 |
|
|
|
|
|
|
TOTAL |
11582.610 |
8531.704 |
6513.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2088.858 |
1468.287 |
1140.727 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1012.509 |
597.630 |
597.630 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.950 |
0.950 |
0.950 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
1192.668 |
911.580 |
683.388 |
|
Total Non-Current Assets |
4294.985 |
2978.447 |
2422.695 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3949.556 |
2752.963 |
1562.272 |
|
(c) Trade receivables |
1147.089 |
888.454 |
1018.415 |
|
(d) Cash and cash
equivalents |
1118.684 |
1138.793 |
468.334 |
|
(e) Short-term loans and
advances |
788.602 |
509.389 |
890.423 |
|
(f) Other current assets |
283.694 |
263.658 |
151.665 |
|
Total Current Assets |
7287.625 |
5553.257 |
4091.109 |
|
|
|
|
|
|
TOTAL |
11582.610 |
8531.704 |
6513.804 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10006.809 |
9315.547 |
9491.879 |
|
|
|
Other Income |
88.537 |
67.259 |
70.859 |
|
|
|
TOTAL (A) |
10095.346 |
9382.806 |
9562.738 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
7429.890 |
6537.091 |
6672.266 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(1165.982) |
(690.000) |
(435.000) |
|
|
|
Employee benefit expenses |
473.504 |
279.090 |
224.551 |
|
|
|
Other expenses |
1595.641 |
1689.814 |
1595.649 |
|
|
|
TOTAL (B) |
8333.053 |
7815.995 |
8057.466 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1762.293 |
1566.811 |
1505.272 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
406.375 |
366.184 |
277.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1355.918 |
1200.627 |
1228.145 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
244.106 |
188.829 |
158.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1111.812 |
1011.798 |
1069.634 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
354.383 |
331.141 |
330.476 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
757.429 |
680.657 |
739.158 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2177.459 |
1637.568 |
1146.875 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
75.743 |
68.066 |
175.516 |
|
|
|
Dividend on Equity Shares |
97.304 |
62.553 |
62.553 |
|
|
|
Tax on Dividend |
15.785 |
10.148 |
10.396 |
|
|
BALANCE CARRIED
TO THE B/S |
2746.056 |
2177.458 |
1637.568 |
|
|
|
|
|
|
|
|
|
|
TOTAL EXPORTS |
462.179 |
331.355 |
90.100 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
445.545 |
22.425 |
79.096 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.24 |
24.48 |
26.59 |
|
Expected Sales (2013-2014): Rs.11500.000 Millions
The above information has been parted by Ms. Poornima (Company
Secretary)
QUARTERLY RESULTS
|
PARTICULARS |
31.06.2013 (1st
Quarter) |
30.09.2013 (2nd
Quarter) |
|
|
UNAUDITED |
|
|
|
|
|
|
Operating Income |
2247.410 |
2355.590 |
|
Other Income |
19.270 |
21.830 |
|
Net Sales |
2266.680 |
2377.420 |
|
Total Expenditure |
1855.860 |
1926.890 |
|
PBIDT |
410.820 |
450.530 |
|
Interest |
96.640 |
119.840 |
|
PBDT |
314.180 |
330.690 |
|
Depreciation |
71.080 |
79.210 |
|
Profit Before Tax |
243.100 |
251.480 |
|
Tax |
82.770 |
75.820 |
|
Profit After Tax |
160.330 |
175.660 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.50
|
7.25 |
7.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.11
|
10.86 |
11.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.86
|
14.41 |
20.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.23 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42
|
0.36 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.54 |
1.57 |
CURRENT MATURITY OF LONG TERM DEBT:
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturity
of Long-term Debt |
259.918 |
109.070 |
152.963 |
|
|
|
|
|
|
Total |
259.918 |
109.070 |
152.963 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
UNSECURED LOAN:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Borrowings |
0.000 |
46.154 |
|
|
|
|
|
Total |
0.000 |
46.154 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10461941 |
31/10/2013 |
7,560,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B90247131 |
|
2 |
10412167 |
08/03/2013 |
400,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA,
INDIA |
B70894993 |
|
3 |
10401994 |
24/01/2013 |
6,500,000,000.00 |
AXIS
TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,
MUMBAI - 400025, MAHARASHTRA, INDIA |
B67697748 |
|
4 |
10401875 |
17/10/2013
* |
100,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA,
INDIA |
B89962997 |
|
5 |
10331834 |
07/11/2013
* |
255,000,000.00 |
STANDARD
CHARTERED BANK |
NARAIN
MANZIL, 23, BARAKHAMBA ROAD, DELHI - 110001, INDIA |
B88679634 |
|
6 |
10365270 |
30/11/2011 |
13,137,900.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B34456491 |
|
7 |
10259946 |
03/12/2011
* |
225,000,000.00 |
STANDARD
CHARTERED BANK |
NARAIN
MANZIL, 23, BARAKHAMBA ROAD, DELHII - 110001, INDIA |
B29154119 |
|
8 |
10168631 |
09/01/2012
* |
7,500,000,000.00 |
BANK
OF INDIA-LEAD BANK |
ANDHERI
LARGE CORPORATE BRANCH, MDI BUILDING, 1ST FLOOR, 28, S.V.ROAD, ANDHERI (WEST),
MUMBAI - 400058, MAHARASHTRA, INDIA |
B31062151 |
* Date of charge modification
BUSINESS REVIEW:
During the year,
subject has posted an income of Rs.10095.346 Millions, as compared to
Rs.9382.806 Millions in the previous Financial Year. Subject recorded a net
profit of Rs.757.429 Millions as against Rs.680.657 Millions in the
corresponding previous financial year.
FIXED ASSETS:
·
Land and Building
·
Computers
·
Furniture and Fixtures
·
Plant and Machinery
·
Vehicles
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.61.21 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--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 |
|
50 |
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.