MIRA
INFORM REPORT
|
Report Date : |
16.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHENNAI RADHA ENGINEERING WORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.40, Sapthagiri Colony, K.R.Layout, Jafferkhanpet, Chennai – 600083,
Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
30.05.2005 |
|
|
|
|
Com. Reg. No.: |
18-056452 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.103.217 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113TN2005PTC056452 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC6068R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Operation and Maintenance works
including rectification of breakdown and design faults and improvement/
modification /renovation and wagon loading works. It also undertakes Design,
Manufacture, Supply, Erection, Testing and Commissioning works of material
handling plant. It is also engaged in Supply of MHP equipments such as Belt
trippers, Idlers, Pulleys, Flap gates, Rack and Pinion gate, travelling
hoppers, scrapper feeders, Shift able frames, belt cleaners, machined
components, electrical, civil and coal unloading works. It has also put
u windmills for the generation of wind
power. |
|
|
|
|
No. of Employees
: |
4100 (In Office)
(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 1817000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, the rating reflects company’s
healthy financial risk profile, marked by healthy debt protection metrics and
low gearing, the rating also factor in the company’s established market
position in the material handling business. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considerd for business dealings at usual trade
tarms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
CRISIL |
|
Rating |
Long term rating BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
November 07, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
November 07, 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 PARTED BY
|
Name : |
Mr. Senthil Kumar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9444415931 |
|
Date : |
13.12.2013 |
LOCATIONS
|
Registered Office : |
No.40, Sapthagiri Colony, K.R.Layout, Jafferkhanpet, Chennai – 600083,
Tamilnadu, India |
|
Tel. No. : |
91-44-24892274 |
|
Mobile No. : |
91-9444415931 (Mr. Senthil Kumar) |
|
Fax No. : |
91-44-24714852 |
|
E-Mail : |
|
|
Area : |
2400 Sq. ft |
|
Location : |
Owned |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Sambandam Venkatesan |
|
Designation : |
Managing Director |
|
Address : |
40, Sapthagiri Colony, Jafferkhanpet, Chennai – 600083, Tamilnadu,
India |
|
Date of Birth/Age : |
20.06.1945 |
|
Qualification : |
Techinal Engineer |
|
Date of Appointment : |
30.05.2005 |
|
DIN No. : |
01742303 |
|
|
|
|
Name : |
Mr. Senthilkumar |
|
Designation : |
Managing Director |
|
Address : |
33, Sapthagiri Colony, Jafferkhanpet, Chennai – 600083, Tamilnadu,
India |
|
Date of Birth/Age : |
05.04.1964 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
30.05.2005 |
|
DIN No. : |
01956364 |
|
|
|
|
Name : |
Mr. Venkatesan Padmavathy |
|
Designation : |
Director |
|
Address : |
40, Sapthagiri Colony, Jafferkhanpet, Chennai – 600083, Tamilnadu,
India |
|
Date of Birth/Age : |
01.10.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.05.2005 |
|
DIN No. : |
01735047 |
|
|
|
|
Name : |
Radhaselvi Venkatesan |
|
Designation : |
Director |
|
Address : |
No 5, Samantha Way, action, Massachusetts – 01720, US |
|
Date of Birth/Age : |
31.07.1970 |
|
Qualification : |
Master in Engineer |
|
Date of Appointment : |
24.03.2007 |
|
DIN No. : |
01949698 |
|
|
|
|
Name : |
Venkatachalam Ranganathan Ramu |
|
Designation : |
Director |
|
Address : |
No. 33, Sapthagiri Colony, Jafferkhanpet, Chennai – 600083, Tamilnadu,
India |
|
Date of Birth/Age : |
27.05.1971 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
23.03.2007 |
|
DIN No. : |
01852384 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Sambandam Venkatesan |
6096274 |
|
Venkatesan Padmavathy |
1290300 |
|
Senthilkumar |
750300 |
|
Radhaselvi Venkatesan |
1120800 |
|
Venkatachalam Ranganathan Ramu |
500300 |
|
S. Venkatesan |
563754 |
|
|
|
|
Total |
10321728 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Operation and Maintenance works
including rectification of breakdown and design faults and improvement/
modification /renovation and wagon loading works. It also undertakes Design,
Manufacture, Supply, Erection, Testing and Commissioning works of material
handling plant. It is also engaged in Supply of MHP equipments such as Belt
trippers, Idlers, Pulleys, Flap gates, Rack and Pinion gate, travelling
hoppers, scrapper feeders, Shift able frames, belt cleaners, machined components,
electrical, civil and coal unloading works. It has also put u windmills for the generation of wind power. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 and 60 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 and 60 Days) |
GENERAL INFORMATION
|
Customers : |
Industries |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
4100 (In Office)
(Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
IDBI Bank, Specialised Corporate Branch, Plot
No.7, Chevaliar Shivaji Ganesan Salai, T.Nagar, Chennai – 600017, Tamil Nadu,
India ·
State Bank of India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Total Fund and Non Fund Rs. 150.000 Millions from IDBI Bank Total Fund and Non Fund Rs. 400.000 Millions from State Bank of India
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sabapathy and Dhandapan Chartered Accountants |
|
Address : |
New No:81, Old No:47, Dr.R.K.Salai, Mylapore, Chennai, Tamilnadu,
india |
|
PAN
No. : |
AAPFS0207E |
|
|
|
|
Associates : |
Ř Inter Lace India
Private Limited Ř Pioneer Biologix
Private Limited Ř Pioneer Tech
Solutions Private Limited CIN No. : U30007TN2008PTC066084 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10321728 |
Equity Shares |
Rs.10/- each |
Rs.103.217 Millions |
|
|
|
|
|
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 |
|
103.217 |
103.217 |
|
(b) Reserves & Surplus |
|
351.211 |
242.410 |
|
(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) |
|
454.428 |
345.627 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
334.422 |
191.546 |
|
(b) Deferred tax liabilities (Net) |
|
17.822 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
352.244 |
191.546 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
282.696 |
218.745 |
|
(b) Trade payables |
|
439.161 |
453.453 |
|
(c) Other current
liabilities |
|
21.026 |
6.697 |
|
(d) Short-term provisions |
|
64.957 |
2.273 |
|
Total Current Liabilities (4) |
|
807.840 |
681.168 |
|
|
|
|
|
|
TOTAL |
|
1614.512 |
1218.341 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
686.892 |
479.330 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
10.087 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
55.181 |
112.353 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
752.160 |
591.683 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
51.393 |
27.424 |
|
(c) Trade receivables |
|
354.489 |
312.919 |
|
(d) Cash and cash
equivalents |
|
131.620 |
92.526 |
|
(e) Short-term loans and
advances |
|
318.048 |
182.547 |
|
(f) Other current assets |
|
6.802 |
11.242 |
|
Total Current Assets |
|
862.352 |
626.658 |
|
|
|
|
|
|
TOTAL |
|
1614.512 |
1218.341 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
103.217 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
174.211 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
277.428 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
381.299 |
|
|
2] Unsecured Loans |
|
|
0.156 |
|
|
TOTAL BORROWING |
|
|
381.455 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
658.883 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
489.267 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
134.868 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
7.238 |
|
|
Sundry Debtors |
|
|
383.741 |
|
|
Cash & Bank Balances |
|
|
83.007 |
|
|
Other Current Assets |
|
|
0.547 |
|
|
Loans & Advances |
|
|
125.338 |
|
Total
Current Assets |
|
|
599.871 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
511.921 |
|
|
Other Current Liabilities |
|
|
53.202 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
565.123 |
|
|
Net Current Assets |
|
|
34.748 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
658.883 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2225.600 |
1434.600 |
1576.241 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1914.500 |
1207.700 |
1328.620 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
311.100 |
226.900 |
247.621 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
63.900 |
52.200 |
41.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
247.200 |
174.700 |
206.159 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
66.200 |
69.400 |
66.204 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
181.000 |
105.300 |
139.955 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
59.000 |
36.600 |
32.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
122.000 |
68.700 |
107.455 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
11.82 |
6.66 |
10.41 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
2300.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs.2500.000 Millions
The above information has been parted by Mr. Senthil Kumar
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.48
|
4.79 |
6.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.68
|
9.52 |
12.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.30 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.36
|
1.19 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07
|
0.92 |
1.06 |
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 |
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 |
Ys |
|
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10390061 |
06/12/2012 |
30,700,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI, Maharashtra - 400001, INDIA |
B63339766 |
|
2 |
10310966 |
15/09/2011 |
196,106,561.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA
|
B22854368 |
|
3 |
10274347 |
30/01/2011 |
143,700,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA |
B08838393 |
|
4 |
10248362 |
01/11/2010 |
1,930,680.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A98491764 |
|
5 |
10236251 |
28/03/2013 * |
350,000,000.00 |
IDBI BANK LIMITED |
SPECIALISED CORPORATE BRANCH, PLOT NO.7, CHEVALIAR SHIVAJI GANESAN
SALAI, T.NAGAR, CHENNAI, TamilNadu - 600017, INDIA |
B77081941 |
|
6 |
10221828 |
25/05/2010 |
21,037,383.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A87025938 |
|
7 |
10186665 |
30/10/2009 |
1,751,400.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A73799140 |
|
8 |
10191072 |
30/10/2009 |
1,751,400.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A73799512 |
|
9 |
10186728 |
30/10/2009 |
2,911,500.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A73800039 |
|
10 |
10186729 |
30/10/2009 |
2,911,500.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A73800591 |
|
11 |
10186730 |
30/10/2009 |
2,911,500.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A73801078 |
|
12 |
10186663 |
30/10/2009 |
3,681,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A73797771 |
|
13 |
10158970 |
24/04/2009 |
17,989,461.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A62400395 |
|
14 |
10137115 |
26/11/2008 |
7,031,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A52438256 |
|
15 |
10137712 |
08/11/2008 |
2,760,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A50383348 |
|
16 |
10032625 |
20/01/2007 |
5,028,432.00 |
KOTAK MAHINDRA BANK LTD |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A09357500 |
|
17 |
90288396 |
25/02/2012 * |
500,000,000.00 |
State Bank of India |
Leather & International Branch, "MVJ Towers, No.1 77/1, P.H.Road, Kilpauk, Chennai, Tamil
Nadu - 600010, INDIA |
B34948208 |
* Date of charge modification
REVIEW OF
OPERATIONS
The Company registered a turnover (net sales) of Rs. 2225.600 millions and
a net profit (after tax) of Rs. 122.000 millions. The Company has achieved a
good growth both in Sales Turnover and Profit for the year.
The culture of efficiency, dedication and integrity witnessed at all levels
of organization will continue to sustain a profitable growth.
The Directors assures that all possible efforts will be put forth to
make the future operations profitable, leading to sustained growth in the
ensuing years.
NATURE OF OPERATION
The Company was
incorporated in the year 2005 by Shri.S Venkatesan. It is engaged in the
business of Operation and Maintenance works including rectification of
breakdown and design faults and improvement/ modification /renovation and wagon
loading works. It also undertakes Design, Manufacture, Supply, Erection,
Testing and Commissioning works of material handling plant. It is also engaged
in Supply of MHP equipments such as Belt trippers, Idlers, Pulleys, Flap gates,
Rack and Pinion gate, travelling hoppers, scrapper feeders, Shift able frames,
belt cleaners, machined components, electrical, civil and coal unloading works.
It has also put u windmills for the
generation of wind power. It has operations in more than 22 sites all over
India.
FIXED ASSETS
Ř
Land
Ř
Buildings
Ř
Plant and Equipment
Ř
Furniture and Fixtures
Ř
Vehicles
Ř
Office Equipment
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 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.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
NO |
|
--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.