MIRA
INFORM REPORT
|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
EDELWEISS SECURITIES LIMITED (w.e.f. 08.06.2007) |
|
|
|
|
Formerly Known
As : |
EDELWEISS SECURITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, MB
Towers, Plot No.5, Road No.2, Banjara Hills, Hyderabad –
500034, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.08.1993 |
|
|
|
|
Com. Reg. No.: |
01-052266 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.45.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67110AP1993PLC052266 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR14684F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3792N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in institutional equity broking and proprietory
trading in equities and equity related derivatives |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 10600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Edelweiss Financial Services
Limited”. It is a well established and a reputed company having a fine track
record. It is engaged in institutional equity broking and proprietory trading
in equities and equity related derivatives. It is a member of the National
Stock of Exchange and the Bombay Stock Exchange, and an active player in the
cash, and futures and option segments. There appears some dip in the revenue earned from operation and
profits during 2012. However, financial position of the company appears to be sound and
healthy. Trade relations are reported as trustworthy. Business is active.
Payment terms are regular and as per commitment. The company can be considered good for business dealings at usual trade
terms and conditions. The Balance Sheet for the year 2012 is not available only Profit and
Loss Account is available. |
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 |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL AA- |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
07.12.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
SHORT TERM RATING : CRISIL A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
07.12.2012 |
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 DECLINED BY
|
Name : |
Ms. Laxmi |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-40094400 |
|
Date : |
08.02.2013 |
LOCATIONS
|
Registered Office : |
2nd Floor, MB
Towers, Plot No.5, Road No.2, Banjara Hills, Hyderabad –
500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40316900 |
|
Fax No.: |
91-40-40316905 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Edelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098,
Maharashtra, India |
|
Tel No.: |
91-22-40094400 |
DIRECTORS
As on 24.09.2012
|
Name : |
Mr. Naresh Lakshman Singh Kothari |
|
Designation : |
Director |
|
Address : |
2601/2602 26th Floor, Orbit Heights, J.D. Marg, Nanachowk, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
03.09.1970 |
|
Date of Appointment : |
03.10.2005 |
|
PAN No.: |
AALPK7561R |
|
DIN No.: |
00012523 |
|
|
|
|
Name : |
Mr. Narendra Jamnadas Jhaveri |
|
Designation : |
Director |
|
Address : |
C-42, Samprat Residency, Premchand Nagar Road, Bodakdev, Ahemdabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
09.08.1935 |
|
Date of Appointment : |
14.01.2008 |
|
|
|
|
Name : |
Mr. Samir Jayantilal Doshi |
|
Designation : |
Director |
|
Address : |
301, Shivali Plot, No. 6, Azad Nagar, Soc., N. S .Road, No. 1, Juhu Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1973 |
|
Date of Appointment : |
19.03.2008 |
|
DIN No.: |
02020452 |
|
|
|
|
Name : |
Mr. Kaushik Hirji Karani |
|
Designation : |
Director |
|
Address : |
202, Pelican Plot, No. 311, Nanda Patkar Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
24.02.1972 |
|
Date of Appointment : |
19.03.2008 |
|
DIN No.: |
02020023 |
|
|
|
|
Name : |
Mr. Vikas Vijaykumar Khemani |
|
Designation : |
Director |
|
Address : |
Room No. 1204, 12th Floor, Erica, Dosti Acres, Wadala (East), Mumbai – 400037, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1976 |
|
Date of Appointment : |
29.04.2010 |
|
PAN No.: |
ADTPK8739J |
|
DIN No.: |
00065941 |
KEY EXECUTIVES
|
Name : |
Mr. Sitesh Joshi |
|
Designation : |
Secretary |
|
Address : |
Suman Apartment E/4, Shankar Lane, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Birth/Age : |
17.02.1980 |
|
Date of Appointment : |
04.04.2008 |
|
PAN No.: |
AGZPJ1360P |
|
|
|
|
Name : |
Ms. Laxmi |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2012
|
Names of Shareholders |
No. of Shares |
|
|
|
Equity Shares |
Preference
Shares |
|
Edelweiss Financial Services Limited, India |
21713658 |
-- |
|
Edelweiss Financial Services Limited, India |
4499940 |
-- |
|
Renganathan B. Nominee of Edelweiss Financial Services Limited, India |
13 |
-- |
|
Joshi Sitesh Nominee of Edelweiss Financial Services Limited, India |
13 |
-- |
|
Khurana Tarun Nominee of Edelweiss Financial Services Limited, India |
13 |
-- |
|
Chhabria Preeti Nominee of Edelweiss Financial Services Limited, India |
13 |
-- |
|
Meghani Jinesh Nominee of Edelweiss Financial Services Limited, India |
13 |
-- |
|
Agarwal Vinit Nominee of Edelweiss Financial Services Limited, India |
13 |
-- |
|
Edelweiss Commodities Services Limited, India |
-- |
260000 |
|
Total
|
26213676 |
260000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in institutional equity broking and proprietory
trading in equities and equity related derivatives |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan,
227,D, Nariman Point, Mumbai - 400021,
Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi
Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Holding Company : |
· Edelweiss Financial Services Limited CIN No.: L99999MH1995PLC094641 |
|
|
|
|
Subsidiaries : |
·
Arum Investments Private Limited (upto 28 March
2011) CIN No.: U65993MH2006PTC164007 ·
Edelweiss Financial Advisors Limited (w.e.f 16
July 2010) ( formerly Anagram Capital Limited) CIN No.: U65910GJ1993PLC020228 ·
Edelweiss Stock Broking Limited (#) (w.e.f 16
July 2010) ( formerly Anagram Stock Broking Limited) ·
Edelweiss Comtrade Limited (#) (w.e.f 16 July
2010) (formerly Anagram Comtrade Limited) · Edel Finance Company Limited (#) (w.e.f 16 July 2010) (formerly Dropadi Finance Limited) |
|
|
|
|
Fellow Subsidiaries
: |
·
Edelweiss Finance and Investments Limited CIN No.: U67120AP1994PLC052372 ·
Edelweiss Trading and Holdings Limited (formerly
Edelweiss Commodities Limited) CIN No.: U51100AP2004PLC052387 ·
Edelweiss Web Services Limited (formerly
Edelweiss Capital Services Limited ) ·
ECL Finance Limited CIN No.: U65990MH2005PLC154854 ·
Edelweiss Trustee Services Limited ·
Edelweiss Financial Products and Solution Limited ·
Edelweiss Insurance Brokers Limited ·
Edelweiss Asset Management Limited CIN No.: U65991MH2007PLC173409 ·
Edelcap Securities Limited CIN No.: U67120AP2008PLC057145 ·
ECap Equities Limited CIN No.: U67190AP2008PLC057122 ·
Edelweiss Broking Limited ·
Edelgive Foundation CIN No.: U65999MH2008NPL182809 ·
Edel Commodities Limited CIN No.: U51900AP2008PLC065549 ·
Edelweiss Global Wealth Management Limited CIN No.: U67100MH2007PLC174819 ·
Edelweiss Broking Limited CIN No.: U65100AP2008PLC057488 |
|
|
|
|
Associates : |
· Dahlia Financial Services Private Limited CIN No.: U65999MH2009PTC195730 · Magnolia Financial Services Private Limited CIN No.: U65990MH2009PTC195495 |
CAPITAL STRUCTURE
As on 24.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27540000 |
Equity Shares |
Rs.10/- each |
Rs. 275.400 Millions |
|
460000 |
Preference Shares |
Rs.10/- each |
Rs.4.600 Millions |
|
|
Total |
|
Rs.280.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26213676 |
Equity Shares |
Rs.10/- each |
Rs.262.137
Millions |
|
260000 |
Preference Shares |
Rs.10/- each |
Rs.2.600
Millions |
|
|
Total |
|
Rs.267.737 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
15000000 |
Preference Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
Total |
|
Rs.200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
45.000 |
195.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
2606.666 |
2746.114 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
2651.666 |
2941.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
11029.656 |
51.446 |
|
|
2] Unsecured Loans |
|
6782.383 |
5389.415 |
|
|
TOTAL BORROWING |
|
17812.039 |
5440.861 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
20463.705 |
8381.975 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
134.625 |
186.227 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1770.777 |
1418.418 |
|
|
DEFERREX TAX ASSETS |
|
152.853 |
175.969 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3610.134 |
145.445 |
|
|
Sundry Debtors |
|
356.654 |
437.077 |
|
|
Cash & Bank Balances |
|
16528.038 |
9960.823 |
|
|
Other Current Assets |
|
3815.553 |
472.672 |
|
|
Loans & Advances |
|
1570.260 |
972.154 |
|
Total
Current Assets |
|
25880.639 |
11988.171 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
6863.304 |
4859.857 |
|
|
Other Current Liabilities |
|
93.808 |
109.011 |
|
|
Provisions |
|
518.077 |
417.942 |
|
Total
Current Liabilities |
|
7475.189 |
5386.810 |
|
|
Net Current Assets |
|
18405.450 |
6601.361 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
20463.705 |
8381.975 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4482.197 |
7305.617 |
2816.574 |
|
|
|
Other Income |
13.607 |
8.958 |
50.858 |
|
|
|
TOTAL (A) |
4495.804 |
7314.575 |
2867.432 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
1168.166 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
43.498 |
(16.927) |
|
|
|
|
Employee benefit expense |
614.947 |
812.310 |
|
|
|
|
Other expenses |
1069.389 |
1002.045 |
|
|
|
|
TOTAL (B) |
2896.000 |
6105.068 |
2009.345 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1599.804 |
1209.507 |
858.087 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1432.165 |
692.952 |
588.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
167.639 |
516.555 |
270.052 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
60.719 |
89.102 |
83.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
106.920 |
427.453 |
186.675 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
43.623 |
(63.496) |
46.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
63.297 |
490.949 |
140.289 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2334.558 |
2473.102 |
2431.265 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
49.095 |
14.029 |
|
|
|
Transfer to Capital Redemption Reserve |
|
150.000 |
0.000 |
|
|
|
Dividend on Preference Shares |
|
0.096 |
0.160 |
|
|
|
Interim dividend |
|
369.000 |
72.000 |
|
|
|
Dividend distribution tax |
|
61.302 |
12.263 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
2334.558 |
2473.102 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.46 |
109.08 |
31.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.41 |
6.71 |
4.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.39 |
5.85 |
6.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.64 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.16 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA |
6.72 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
3.46 |
2.23 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITOR
DETAILS
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry
Creditors |
|
|
|
|
Small Micro Enterprises |
|
0.000 |
0.000 |
|
Others |
|
6863.304 |
4859.858 |
|
Total
|
Not
Available |
6863.304 |
4859.858 |
|
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 |
No |
|
34] |
External Agency Rating, if available |
Yes |
DETAILS OF
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
|
|
|
|
Non-convertible debentures |
0.000 |
680.000 |
|
Other debt |
(A) 6782.383 |
(B) 4709.414 |
|
Total |
6782.383 |
5389.414 |
|
Notes: (A) This amount pertains to Loan from Holding company. Rs.1469.262 Millions (Repayable on demand, include interest accrued and due Rs.166.642 Millions); Commercial paper Rs.5390.000 Millions; Less: Unamortised discount on commercial paper Rs.76.879 Millions; Commercial paper total Rs.5313.120 Millions. (B) This amount pertains to Loan from Holding company. Rs.4709.414 Millions (Repayable on demand, include interest accrued and due Rs.164.862 Millions); Commercial paper Nil. |
||
BACKGROUND
Subject was incorporated on 20 August 1993. The Company is a 100% subsidiary of Edelweiss Capital Limited.
The Company is registered as a trading and clearing member with National Stock Exchange of India Limited (‘NSEIL’) and Bombay Stock Exchange Limited (‘BSE’) and is also a member of MCX Stock Exchange Limited and provides broking services to its clients.
CONTINGENT LIABILITY
(AS ON 31.03.2011)
a) The Company has provided bank guarantees aggregating to Rs. 2000.000 Millions (Previous year: Rs. 150.000 Millions) as on 31 March 2011 to The National Stock Exchange of India Limitedfor meeting margin requirements. The Company has pledged fixed deposits with banks aggregating of Rs. 1000.005 Millions (Previous year: Rs. 75.000 Millions) for obtaining the above bank guarantees.
b) Fixed deposits have also been pledged with:
i) Bombay Stock Exchange Limited Rs. 271.000 Millions (Previous year: Rs. 207.450 Millions ) for meeting base capital requirements.
ii) National Stock Exchange of India Limited Rs. 2760.400 Millions (Previous year: Rs. 4479.500 Millions) for meeting base capital requirements.
iii) MCX Stock Exchange Limited Rs. 161.300 Millions (Previous year: Rs. 101.700 Millions) for meeting base capital requirements.
iv) Bank of India amounting to Rs 1363.300 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
v) Canara Bank amounting to Rs 6000.050 Millions ( Previous year: Rs. 548,500,000) for availing secured bank overdraft.
vi) Federal Bank amounting to Rs 292.300 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
vii) HDFC Bank amounting to Rs 838.000 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
viii) ICICI Bank amounting to Rs 500.000 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
ix) Karur Vysya Bank amounting to Rs 250.000 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
x) Lakshmi Vilas Bank amounting to Rs 250.000 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
xi) State Bank of Travancore amounting to Rs 613.700 Millions ( Previous year: Rs. Nil) for availing secured bank overdraft.
xii) Syndicate Bank amounting to Rs 500.000 Millions (Previous year: Rs. Nil) for availing secured bank overdraft.
xiii) Commissioner of Value Added Tax - Rs.0.050 Million (Previous year: Rs. Nil) for VAT Registration.
xiv) Commissioner of Sales Tax - Rs. 0.025 Million (Previous year: Rs. Nil) for Sales Tax Registration.
c) As at 31 March 2011, debtors aggregating to Rs. 360.669 Millions (Previous year: Nil) were hypothecated against bank overdraft.
d) Taxation matters in respect of which appeal is pending – Rs.1.417 Millions (Previous year: Nil).
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U67110AP1993PLC052266 |
|
Name of the company |
EDELWEISS SECURITIES LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
2nd Floor, MB Towers, Plot no 5, Road No 2, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India E-Mail Id : cs@edelcap.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai – 400021, Maharashtra, India E-Mail Id : tushar.wagle@kotak.com |
|
Nature of instrument creating charge |
Memorandum of Deposit of Title Deeds. |
|
Date of instrument Creating the charge |
19.07.2012 |
|
Amount secured by the charge |
Rs.500.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest OD - To be decided by the Bank STL - To be decided by the Bank Terms of Repayment OD - Repayable on Demand. STL - Maximum 6 Months & 1 day. Margin OD/STL - 40% haircut margin on market value of property mortgaged. Extent and Operation of the charge First & exclusive charge by way of Mortgage on Immovable property of Edelweiss securities Limited, in favour of Kotak Mahindra Bank Limited as security for repayment of financial facilities granted by the Bank to Edelweiss securities Limited |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
All that piece and parcel of the Twelfth floor admeasuring about 13,560.65 sq. ft. carpet area of the building known as Edelweiss House situated at Kole Kalyan also known as Kalina lying and being at S. no. 294 Hissa no.3 corresponding survey no.5443, Municipal Ward no. H 7295 (7) admeasuring 3285.70 sq. mtrs. in the name of Edelweiss Securities Limited |
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.53.96 |
|
|
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
61 |
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.