1. Summary Information
|
|
|
Country |
India |
|
Company Name |
INOX WIND LIMITED |
Principal Name 1 |
Mr. Deepak Ranjit Asher |
|
Status |
Good |
Principal Name 2 |
Mr. Siddharth Pavan Jain |
|
|
|
Registration # |
06-031083 |
|
Street Address |
Plot No.1, Khasra No. 264 to 267, Industrial Area, Village Basal,
Basal – 174103, Himachal Pradesh |
||
|
Established Date |
09.04.2009 |
SIC Code |
-- |
|
Telephone# |
91-120-6149600 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-120-6149610/ 11 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Wind Turbine Generators |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 300,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 100% |
Banking |
ING
VYSYA Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (60) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow Subsidiaries |
India |
Inox Renewables Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,916,998,000 |
Current Liabilities |
1,256,254,000 |
|
Inventories |
996,970,000 |
Long-term Liabilities |
1,303,072,000 |
|
Fixed Assets |
1,225,633,000 |
Other Liabilities |
429,945,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,989,271,000 |
|
Invest& other Assets |
198,560,000 |
Retained Earnings |
1,048,890,000 |
|
|
|
Net Worth |
1,348,890,000 |
|
Total Assets |
4,338,161,000 |
Total Liab. & Equity |
4,338,161,000 |
|
Total Assets (Previous Year) |
1,074,482,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
6,213,691,000 |
Net Profit |
1007,414,000 |
|
Sales(Previous yr) |
719,208,000 |
Net Profit(Prev.yr) |
53,916,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
INOX WIND LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1, Khasra No. 264 to 267, Industrial Area, Village Basal,
Basal – 174103, Himachal Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.04.2009 |
|
|
|
|
Com. Reg. No.: |
06-031083 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31901HP2009PLC031083 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLI10831C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACC10597B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wind Turbine Generators. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 5300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “GUJARAT FLUOROCHEMICALS LIMITED”. It is a well established company having a good track record. The company
has achieved tremendous growth in sales and profitability performance
capability is high. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual
trade terms 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : A |
|
Rating Explanation |
Having adequate degree of safety regarding timely
servicing of financial obligation it carry low credit risk. |
|
Date |
June 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. Girish Shitole |
|
Designation : |
Sales Executive |
|
Contact No.: |
91-8140699429 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered Office / Factory 1 : |
Plot No.1, Khasra No. 264 to 267, Industrial Area, Village Basal,
Basal – 174103, Himachal Pradesh, India |
|
Tel. No.: |
91-120-6149600 |
|
Mobile No.: |
91-8140699429 (Mr. Girish Shitole) |
|
Fax No.: |
91-120-6149610/ 11 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
|
|
Tel. No.: |
91-120-6149600/ 3063600/ 3063756 |
|
Fax No.: |
91-120-6149610/ 3063610 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Blade Plant, Khasra No. 128, Ahmedabad - Rajkot Highway, Rohika,
Ahmedabad - 38220, Gujarat, India |
DIRECTORS
As on: 25.07.2012
|
Name : |
Mr. Deepak Ranjit Asher |
|
Designation : |
Director |
|
Address : |
17/1 Utkanth Society, Behind Alkapuri Club Alkapuri, Vadodara,
Gujarat, India |
|
Date of Birth/Age : |
15.01.1959 |
|
Date of Appointment : |
09.04.2009 |
|
DIN No.: |
00035371 |
|
|
|
|
Name : |
Mr. Siddharth Pavan Jain |
|
Designation : |
Director |
|
Address : |
31 Benzer Terrance, A.G Khan Road, Worli, Mumbai-400018, Maharashtra,
India |
|
Date of Birth/Age : |
21.09.1978 |
|
Date of Appointment : |
25.04.2009 |
|
DIN No.: |
00030202 |
|
|
|
|
Name : |
Mr. Devansh Vivek Jain |
|
Designation : |
Director |
|
Address : |
47 Golf Links, New Delhi, India |
|
Date of Birth/Age : |
13.10.1986 |
|
Date of Appointment : |
09.04.2009 |
|
DIN No.: |
01819331 |
|
|
|
|
Name : |
Mr. Rajeev Manmohan Gupta |
|
Designation : |
Director |
|
Address : |
D-10, Sector 41, Gautam Buddha Nagar, Noida, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.12.1958 |
|
Date of Appointment : |
26.11.2009 |
|
DIN No.: |
01773304 |
|
Other Directorship : |
|
|
|
|
|
Name : |
Mr. Vijay Kaushalpati Soni |
|
Designation : |
Director |
|
Address : |
D1-5 Paschimi marg, Vasant Vihar, New Delhi, India |
|
Date of Birth/Age : |
04.04.1951 |
|
Date of Appointment : |
27.05.2011 |
|
DIN No.: |
01773253 |
|
|
|
|
Name : |
Mr. Vevek Kumar Jain |
|
Designation : |
Director |
|
Address : |
47 Golf Links, New Delhi, India |
|
Date of Birth/Age : |
30.08.1955 |
|
DIN No.: |
00029968 |
|
|
|
|
Name : |
Mr. Pavan Kumar Jain |
|
Designation : |
Director |
|
Address : |
31 Benzer Terrance, A.G Khan Road, Worli, Mumbai-400018, Maharashtra,
India |
|
Date of Birth/Age : |
17.05.1951 |
|
DIN No.: |
00030098 |
KEY EXECUTIVES
|
Name : |
Mr. Girish Shitole |
|
Designation : |
Sales Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gujarat Fluorochemicals Limited, |
|
29999400 |
|
Vivek Kumar Jain |
|
100 |
|
Devendra Kumar Jain |
|
100 |
|
Devansh Jain |
|
100 |
|
Pavan Kumar Jain |
|
100 |
|
Siddharth Jain |
|
100 |
|
Deepak Asher |
|
100 |
|
Total |
|
30000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.07.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wind Turbine Generators. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Nacelle and Hub |
Sets |
400 |
10 |
|
Blade Set |
Sets |
120 |
6 |
|
Tower |
Sets |
120 |
4 |
GENERAL INFORMATION
|
Customers : |
Others |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai – 400013 Maharashtra, India · ING VYSYA Bank Limited, A-361,Sector-19, Gautambudhnagar, Noida - 201301, Uttar Pradesh, India · Standard Chartered Bank, 23, Narain Manzil, Barakhamba Road, New Delhi - 110001, Delhi, India · Indusind Bank Limited, 2401, Gen. Thimmayya Road, Cantonment, Pune - 411001, Maharashtra, India · IDBI Bank Limited, IDBI Towerwtc Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Axis Bank Limited, B-2 and B-3, Sector 16, Noida - 201301, Uttar Pradesh, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dewan. P.N. Chopra and Company Chartered Accountants |
|
Address : |
57H, Connaught Circus, New Delhi – 110 001, India |
|
Tel. No.: |
91.11-23322359/ 23320876/ 23321418 |
|
Fax No.: |
91-11-23313246/ 24645893 |
|
E-Mail : |
|
|
PAN No.: |
AAAFD1961D |
|
|
|
|
Holding Company : |
·
Gujarat Fluorochemicals Limited CIN No.:- L24110GJ1987PLC009362 |
|
|
|
|
Fellow Subsidiaries : |
·
Inox Renewables Limited CIN No.:- U40100GJ2010PLC062869 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000
Millions |
|
|
|
|
|
After: 06.05.2013
Authorised Capital : Rs.
5000.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 2000.000 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 |
|
300.000 |
300.000 |
|
(b) Reserves & Surplus |
|
1048.890 |
41.477 |
|
(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) |
|
1348.890 |
341.477 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
700.000 |
|
(b) Deferred tax liabilities (Net) |
|
176.054 |
0.000 |
|
(c) Other long term liabilities |
|
24.000 |
24.000 |
|
(d) long-term provisions |
|
3.439 |
2.401 |
|
Total Non-current Liabilities (3) |
|
203.493 |
726.401 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1303.072 |
266.128 |
|
(b) Trade payables |
|
1087.811 |
491.147 |
|
(c) Other current liabilities |
|
144.443 |
176.251 |
|
(d) Short-term provisions |
|
250.452 |
9.457 |
|
Total Current Liabilities (4) |
|
2785.778 |
942.983 |
|
|
|
|
|
|
TOTAL |
|
4338.161 |
2010.861 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1041.223 |
843.271 |
|
(ii) Intangible Assets |
|
184.410 |
200.627 |
|
(iii) Capital work-in-progress |
|
198.560 |
82.060 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
19.789 |
|
(d) Long-term Loan and Advances |
|
18.809 |
66.408 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1443.002 |
1212.155 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
996.970 |
636.176 |
|
(c) Trade receivables |
|
738.390 |
0.000 |
|
(d) Cash and cash equivalents |
|
389.707 |
14.231 |
|
(e) Short-term loans and advances |
|
481.016 |
142.980 |
|
(f) Other current assets |
|
289.076 |
5.319 |
|
Total Current Assets |
|
2895.159 |
798.706 |
|
|
|
|
|
|
TOTAL |
|
4338.161 |
2010.861 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
300.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
(12.439) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
287.561 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
574.687 |
|
|
TOTAL BORROWING |
|
|
574.687 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
862.248 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
361.437 |
|
|
Capital work-in-progress |
|
|
426.315 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.074 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
115.888 |
|
|
Sundry Debtors |
|
|
86.441 |
|
|
Cash & Bank Balances |
|
|
47.686 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
36.641 |
|
Total
Current Assets |
|
|
286.656 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
176.226 |
|
|
Other Current Liabilities |
|
|
34.444 |
|
|
Provisions |
|
|
1.564 |
|
Total
Current Liabilities |
|
|
212.234 |
|
|
Net Current Assets |
|
|
74.422 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
862.248 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
6213.691 |
719.208 |
78.495 |
|
|
|
Other Income |
6.272 |
9.741 |
0.055 |
|
|
|
TOTAL (A) |
6219.963 |
728.949 |
78.550 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
4148.395 |
|
|
|
|
|
Purchase of stock-in-trade |
83.563 |
95.973 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(10.486) |
(231.297) |
|
|
|
|
Employee benefit expenses |
154.109 |
39.641 |
|
|
|
|
Other expenses |
386.319 |
60.751 |
|
|
|
|
Prior period item before tax |
0.000 |
1.182 |
|
|
|
|
TOTAL (B) |
4761.900 |
614.979 |
87.322 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1458.063 |
113.970 |
(8.772) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
187.949 |
31.341 |
1.951 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1270.114 |
82.629 |
(10.723) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
75.859 |
39.428 |
1.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1194.255 |
43.201 |
(12.513) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
186.841 |
(10.715) |
(0.074) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1007.414 |
53.916 |
(12.439) |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
33.58 |
1.80 |
(20.64) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
16.20 |
7.40 |
(15.83) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.21 |
6.01 |
(15.94) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.85 |
2.26 |
(1.93) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.89 |
0.12 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.97 |
2.82 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
0.85 |
1.36 |
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 |
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10435333 |
15/05/2013 |
550,000,000.00 |
Standard Chartered Bank |
23, Narain Manzil, Barakhamba Road, New Delhi, Delhi - 110001, India |
B78964194 |
|
2 |
10410730 |
05/03/2013 |
1,000,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
B70419155 |
|
3 |
10404270 |
31/01/2013 |
1,000,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai-400018, Maharashtra, India |
B68580570 |
|
4 |
10401383 |
08/01/2013 |
500,000,000.00 |
ING VYSYA BANK LIMITED |
A-361,Sector-19, Gautambudh Nagar, Noida- 201301, Uttar Pradesh, India |
B67406272 |
|
5 |
10391445 |
29/11/2012 |
750,000,000.00 |
ADITYA BIRLA FINANCE LIMITED |
Indian Rayon Compound, Veraval, Gujarat - 362266, |
B63923288 |
|
6 |
10387971 |
30/10/2012 |
1,000,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai- 400018, Maharashtra, India |
B62553904 |
|
7 |
10389850 |
04/04/2013 * |
650,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel (West),Mumbai-400013, Maharashtra, India |
B74256462 |
|
8 |
10366316 |
04/07/2012 |
3,000,000.00 |
District Industries Centre |
District Industries Centre, Una, Himachal Pradesh |
B44088755 |
|
9 |
10340675 |
28/01/2013 * |
1,500,000,000.00 |
|
Landmarkrace Cource Circle, Alkapuri, Baroda- 390015, Gujarat, India |
B67191171 |
|
10 |
10315448 |
20/07/2012 * |
800,000,000.00 |
INDUSIND BANK LTD. |
2401 Gen Thimmayya Road, Contonment, Pune-411001, Maharashtra, India |
B45237013 |
|
11 |
10287482 |
27/04/2011 |
500,000,000.00 |
Axis Bank Limited |
B-2 And B-3, Sector 16, Noida, Uttar Pradesh - 2013 |
B13060009 |
|
12 |
10264378 |
02/05/2012 * |
950,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India |
B40350399 |
|
13 |
10246419 |
15/06/2012 * |
1,050,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai- 400018, Maharashtra, India |
B43198118 |
Unsecured Loan
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowing |
|
|
|
Deposits |
0.000 |
700.000 |
|
|
|
|
|
Short term
borrowing |
|
|
|
Fully convertible debentures intercoperate |
100.000 |
100.000 |
|
|
|
|
|
|
|
|
|
Total |
100.000 |
800.000 |
FIXED ASSETS
·
Freehold Land
·
Leasehold land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Furniture and Fixtures
·
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 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. 58.91 |
|
|
1 |
Rs. 90.68 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
60 |
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.