1. Summary Information
|
|
|
Country |
|
|
Company Name |
TATA SONS LIMITED |
Principal Name 1 |
Mr.
Ratan Naval Tata |
|
Status |
Excellent |
Principal Name 2 |
Mr. Arunkumar Ramanlal Gandhi |
|
|
|
Registration # |
11-000478 |
|
Street Address |
Bombay House No.
24, East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai
– 400 001, Maharashtra |
||
|
Established Date |
08.11.1917 |
SIC Code |
-- |
|
Telephone# |
91-22-22049131 |
Business Style 1 |
Service Provider |
|
Fax # |
91-22-22048187 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Computer
Consultancy |
|
|
# of employees |
50 [Approximately]
|
Product Name 2 |
New Projects |
|
Paid up capital |
Rs.41,870,900,000 |
Product Name 3 |
Project
Consultancy |
|
Shareholders |
Bodies
corporate 31.24%, Directors or relatives of directors 2.65%, Other top fifty shareholders 66.11 |
Banking |
Central Bank of |
|
Public Limited Corp. |
No |
Business Period |
96 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Aa (81) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Tata Steel
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
34,355,000,000 |
Current Liabilities |
30,977,500,000 |
|
Inventories |
000 |
Long-term Liabilities |
107,548,900,000 |
|
Fixed Assets |
549,200,000 |
Other Liabilities |
10,557,400,000 |
|
Deferred Assets |
000 |
Total Liabilities |
149,083,800,000 |
|
Invest& other Assets |
395,873,900,000 |
Retained Earnings |
239,823,400,000 |
|
|
|
Net Worth |
281,694,300,000 |
|
Total Assets |
430,778,100,000 |
Total Liab. & Equity |
430,778,100,000 |
|
Total Assets (Previous Year) |
401,635,100,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
37,981,800,000 |
Net Profit |
31,463,000,000 |
|
Sales(Previous yr)/ Total Income |
39,984,100,000 |
Net Profit(Prev.yr) |
32,469,000,000 |
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TATA SONS LIMITED |
|
|
|
|
Registered Office : |
Bombay House No. 24,
East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai –
400 001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
08.11.1917 |
|
|
|
|
Com. Reg. No.: |
11-000478 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.41870.900 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U99999MH1917PLC000478 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT07803F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Subject
undertakes Investment, Finance, Computer Consultancy, New Projects, Project
Consultancy, Market Research and Surveys. It also undertakes Property
Development. |
|
|
|
|
No. of Employees
: |
50
[Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (81) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1126000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well
established and reputed company of Tata Group, Country’s premier Industrial
House. It has an excellent track record. The financial position is strong.
The performance capability is high. Subject is doing exceedingly
well. Its trade relations are praiseworthy. Payments are regular and as per
commitments. Subject can be
considered excellent for business dealings at usual trade terms and
conditions. Subject’s credit worthiness is very high. |
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 |
ICRA |
|
Rating |
AAA [Non Convertible Debenture Programme] |
|
Rating Explanation |
Highest degree of safety and lowest credit risk. |
|
Date |
21.05.2013 |
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. Wadia |
|
Designation : |
Deputy Manager in Admin and Secretarial Department |
|
Contact No.: |
91-22-66658282 |
|
Date : |
25.07.2013 |
LOCATIONS
|
Registered Office : |
Bombay House No.
24, East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai
– 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22049131 / 22821266 / 66658282 |
|
Fax No.: |
91-22-22048187 / 66658080 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 01.08.2012
|
Name : |
Mr.
Ratan Naval Tata |
|
Designation : |
Chairman
|
|
Address : |
Flat
12, Bakhtawar, Opposite Colaba Post Office, Colaba, Mumbai – 400005, |
|
Date of Birth/Age : |
28.12.1937 |
|
Date of Appointment : |
21.08.1974 |
|
Email: |
|
|
Election Commission ID No : |
MT/04/019/060249 |
|
DIN No : |
|
|
|
|
|
Name : |
Mr. Arunkumar Ramanlal Gandhi |
|
Designation : |
Director |
|
Address : |
Akruti
Astha, 9th Floor, |
|
Date of Birth/Age : |
15.03.1943 |
|
Date of Appointment : |
18.08.2003 |
|
Election Commission ID No : |
MT/04/024/183220 |
|
DIN No : |
00007597 |
|
|
|
|
Name : |
Mr.
Farrokh Kaikhushru Kavarana |
|
Designation : |
Director |
|
Address : |
CCI
Chambers, 5th Floor, |
|
Date of Birth/Age : |
17.03.1944 |
|
Date of Appointment : |
01.02.1991 |
|
DIN : |
00027689 |
|
|
|
|
Name : |
Mr.
Ishaat Hussain |
|
Designation : |
Whole
Time Director – Finance |
|
Address : |
222-A,
22nd Floor, NCPA Apartments, |
|
Date of Birth/Age : |
02.09.1947 |
|
Date of Appointment : |
24.11.1998 |
|
DIN No : |
00027891 |
|
|
|
|
Name : |
Mr.
Ramabadran Gopalakrishnan |
|
Designation : |
Whole
Time Director |
|
Address : |
101
Baug E Abbas, Capt Prakash Pethe Marg, 21-A, Cuffe Parade, Mumbai – 400 005, |
|
Date of Birth/Age : |
25.12.1945 |
|
Date of Appointment : |
24.11.1998 |
|
Election Commission ID No : |
HHJ0784694 |
|
DIN No : |
00027858 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
213-B,
NCPA Apartments, Nariman Point, Mumbai – 400 021, |
|
Date of Birth/Age : |
18.07.1938 |
|
Date of Appointment : |
22.01.2002 |
|
Election Commission ID No : |
WB/23/148/063742 |
|
DIN No : |
00027941 |
|
|
|
|
Name : |
Mr. Cyrus
Pallonji Mistry |
|
Designation : |
Director
|
|
Address : |
|
|
Date of Birth/Age : |
04.07.1968 |
|
Date of Appointment : |
10.08.2006 |
|
Passport No.: |
P349742 |
|
Income-tax Pan : |
AERPM9037N |
|
Voter’s Identify No.: |
MH/04/024/078725 |
|
Email: |
|
|
DIN No : |
00010178 |
KEY EXECUTIVES
|
Name : |
Mr. Farokh
Nariman Subedar |
|
Designation : |
Company Secretary
|
|
Address : |
1, |
|
Date of Birth/Age : |
24.09.1955 |
|
Date of Appointment : |
01.01.1996 |
|
Email: |
|
|
Election Commission ID No: |
MT/04/024/024859 |
|
PAN No : |
AAGPS8433B |
|
|
|
|
Name : |
Mr. Wadia |
|
Designation : |
Deputy Manager in Admin and Secretarial Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 01.08.2012
|
Names of Shareholders |
|
No. of Equity
Shares |
|
The Trustees M K |
|
2421 |
|
Mistry Shapoor
Pallon |
|
108 |
|
Sterling
Investment Corporation Limited, |
|
37122 |
|
Cyrus Investments
Limited, |
|
37122 |
|
Tata Naval Ratan |
|
3368 |
|
HH Mah Virendra
Singh n Chauhan of Chhota Udepur |
|
1 |
|
Tata Investment
Corporation Limited, |
|
326 |
|
Tata Naval Simone |
|
2011 |
|
Tata Naval Jimmy |
|
3262 |
|
Tata Naval Noel |
|
2055 |
|
The Trustees Sir
Dorab Tata Trust, |
|
113067 |
|
The Trustees Sir
Ratan Tata Trust, |
|
95211 |
|
The Trustees
Sarvajanik |
|
396 |
|
The Trustees R D |
|
8838 |
|
The Trustees Tata
Education |
|
15075 |
|
The Trustees Tata
Social Welfare Trust, |
|
15075 |
|
The Trustees J R
D |
|
16200 |
|
Tata Minocher
Piloo |
|
487 |
|
Choksey Farhad
Vera |
|
157 |
|
Tata Minocher
Jimmy |
|
157 |
|
Tata Motors
Limited, |
|
12375 |
|
Tata Power
Company Limited, India |
|
6673 |
|
Tata Global
Beverages Limited, India |
|
1755 |
|
The Indian Hotels
Company Limited, India |
|
4500 |
|
Tata Industries
Limited, India |
|
2295 |
|
Tata Chemicals
Limited, India |
|
10237 |
|
Kalimati
Investment Company Limited, India |
|
12375 |
|
Tata
International Limited, India |
|
1477 |
|
|
|
|
|
TOTAL |
|
404146 |
|
Names of Shareholders |
No. of Preferences Shares |
|
Tata Naval Ratan |
550000 |
|
Tata Investment
Corporation Limited, India |
200000 |
|
Tata Motors
Limited, India |
100000 |
|
Trent Limited |
20000 |
|
Tata Chemicals
Limited, India |
200000 |
|
Soonawala Adi
Noshir |
335200 |
|
Simone Naval
Tata, India |
15000 |
|
Arunkumar R
Gandhi and Nisha A. Gandhi |
20000 |
|
|
61600 |
|
Jamshedji Irani |
45000 |
|
Praveen P Kadale |
10000 |
|
Farrokh K
Kavarana |
20000 |
|
Ramabadran
Gopalakrishnan |
5000 |
|
Jamsetji Tata Trust, India |
24500000 |
|
Navajbai Ratan |
15015000 |
|
Ishaat Hussain Shazmeen Hussain |
70000 |
|
Aloo Novel Tata Noel Naval Tata |
150000 |
|
|
10000 |
|
Shyamal Gupta
Chandra S Gupta |
10000 |
|
Ashok Soni |
25000 |
|
Farokh Nariman
Subedar Villoo Farokh Subedar |
10000 |
|
Narotam S.
Sekhsaria |
250000 |
|
Kishor Chaukar |
5000 |
AS ON 01.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
31.24 |
|
Directors
or relatives of directors |
|
2.65 |
|
Other
top fifty shareholders |
|
66.11 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject undertakes
Investment, Finance, Computer Consultancy, New Projects, Project Consultancy,
Market Research and Surveys. It also undertakes Property Development. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
50
[Approximately] |
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Bankers : |
·
Central Bank of India, Debenture Trustee Section,
Centre Bank Building, 55, Mahatma Gandhi Road, Fort, Mumbai-400001,
Maharashtra, India
|
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|
Facilities : |
Long-Term Borrowings (a) Secured Non-Convertible Debentures include:
* Debentures aggregating to Rs.500.000 millions are optionally convertible
into Preference Shares on maturity (b) Secured Term Loan from bank is due for repayment on 27th July,
2012 (c) Unsecured Non-Convertible Debentures include:
** Represents Yield to Maturity (d) Unsecured Term Loans from banks comprise of: (i) JPY denominated External Commercial Borrowing (ECB) of USD 150
million from a consortium of banks, repayable on 16th October, 2013. The Company
has fully hedged the said loan by undertaking appropriate currency forward
covers and consequently the amount disclosed in the Balance Sheet represents
the fixed Rs. amount payable on maturity. (ii) Term Loans from Banks of Rs.2000.000 millions due on 27th July,
2012 and Rs.4000.000 millions due on 29th May, 2012. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th and 32nd Floor, India Bulls Finance
Centre, Senapati Bapat Marg, Elphinstone (West), Mumbai-400018, Maharashtra,
India |
|
PAN No: |
AACFD4815A |
|
|
|
|
Joint Venture : |
Strategic Energy Technology Systems Limited |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 01.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.1000/- each |
Rs.3000.000 Millions |
|
55000000 |
Preferences Shares |
Rs.1000/- each |
Rs.55000.000 Millions |
|
|
Total
|
|
Rs.58000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
404146 |
Equity Shares |
Rs.1000/- each |
Rs.404.146
Millions |
|
42305000 |
Preferences Shares |
Rs.1000/- each |
Rs.42305.000
Millions |
|
|
Total |
|
Rs.42709.146 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity shares |
Rs.1000/- each |
Rs.3000.000
Millions |
|
55,000,000 |
Cumulative Redeemable Preference Shares |
Rs.1000/- each |
Rs.55000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.58000.000
Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404,146 |
Ordinary shares |
Rs.1000/- each |
Rs.404.100 Millions |
|
10,00,000 |
7.50% Cumulative Redeemable Preference Shares |
Rs.1000/- each |
Rs.1000.000 Millions |
|
3,97,50,000 |
8.25% Cumulative Redeemable Preference shares |
Rs.1000/- each |
Rs.39750.000 Millions |
|
1,40,000 |
7.50% Cumulative Redeemable Preference shares |
Rs.1000/- each |
Rs.140.000 Millions |
|
3,60,000 |
7.50% Cumulative Redeemable Preference shares |
Rs.1000/- each |
Rs.360.000 Millions |
|
55,000 |
7.50% Cumulative Redeemable Preference shares |
Rs.1000/- each |
Rs.55.000 Millions |
|
10,00,000 |
7.50% Cumulative Redeemable Preference shares |
Rs.1000/- each |
Rs.1000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.42709.100 Millions |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404,146 |
Ordinary shares |
Rs.1000/- each |
Rs.404.100 Millions |
|
7,05,000 |
7.50%
Cumulative Redeemable Preference Shares |
Rs.1000/- each |
Rs.705.000 Millions |
|
3,95,15,000 |
8.25%
Cumulative Redeemable Preference Shares |
Rs.1000/-
each |
Rs.39515.000 Millions |
|
1,40,000 |
7.50% Cumulative Redeemable Preference Shares |
Rs.1000/-
each |
Rs.140.000 Millions |
|
1,70,000 |
7.50%
Cumulative Redeemable Preference Shares |
Rs.1000/-
each |
Rs.170.000 Millions |
|
1,90,000 |
7.50%
Cumulative Redeemable Preference Shares |
Rs.1000/-
each |
Rs.190.000
Millions |
|
55,000 |
7.50%
Cumulative Redeemable Preference Shares |
Rs.1000/-
each |
Rs.55.000
Millions |
|
6,91,800 |
7.50%
Cumulative Redeemable Preference Shares |
Rs.1000/-
each |
Rs.691.800
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.41870.900 Millions |
RECONCILIATION OF THE NUMBER OF
SHARES AND AMOUNT OUTSTANDING AT THE BEGINNING AND AT THE END OF THE FINANCIAL
YEAR:
|
Particulars |
As at 31
March, 2012 |
|
|
|
No. |
(Rs. In
Millions) |
|
Cumulative Redeemable Preference
Shares |
|
|
|
Shares outstanding at the
beginning of the year |
4,22,70,000 |
42270.000 |
|
Shares Issued and subscribed
during the year |
6,91,800 |
691.800 |
|
Shares redeemed during the year |
(14,95,000) |
(1495.000) |
|
Shares outstanding at the end of
the year |
4,14,66,800 |
41466.800 |
ORDINARY SHARES
The Company
has one class of ordinary shares having a par value of Rs.1,000 each. Each
shareholder is eligible for one vote per share held. The dividend proposed by the
Board of Directors is subject to the approval of the shareholders in the
ensuing Annual General Meeting, except in case of interim dividend.
PREFERENCE
SHARES
The
Company has issued Cumulative Redeemable Preference Shares (CRPS) having a par
value of Rs.1,000 each. The CRPS do not carry any voting rights. The CRPS have
been issued as per the terms mentioned below:
|
No. of CRPS |
Rate of Dividend |
Issue Period |
Date of
Redemption |
Date of Put/Call
Option (where applicable) |
Rs. In Millions |
|
7,05,000 |
7.50 % ^^ |
June, 2007
to June, 2008 |
31st
December, 2012 + |
30th June,
2010/ 30th December, 2011 |
705.000 |
|
3,95,15,000 |
8.25 % # |
October,
2007 to September, 2009 |
# |
— |
3,9515.000 |
|
1,40,000 |
7.50% |
August,
2008 to April, 2009
^ |
31st
March, 2014 + |
30th
September, 2010/ 30th June, 2012 |
140.000 |
|
1,70,000 |
7.50 % ^^ |
July, 2009
to March, 2010 ^ |
31st
March, 2015 + |
30th
September, 2011/ 30th June, 2013 |
170.000 |
|
1,90,000 |
7.50
% ^^ |
May, 2010
to March, 2011 ^ |
31st
December, 2015 + |
30th
September, 2012/ 30th June, 2014 |
190.000 |
|
55,000 |
7.50 % ^^ |
October,
2010 to March, 2011 ^ |
31st
March, 2016 + |
30th
September, 2012/ 30th September, 2014 |
55.000 |
|
6,91,800 |
7.50 % |
June, 2011
to March, 2012 ^ |
31st
March, 2017 + |
30th
September, 2013/ 30th September, 2015 |
691.800 |
|
+ The CRPS may be redeemed at an earlier
date in the event of a certain eventuality as may be decided by the Directors
of the Company. |
|||||
|
# The Company, in consultation
with the preference shareholders, will announce a dividend rate at the end of
five years from the date of allotment for each successive five year period
thereafter. These preference shares are redeemable at the end of twenty years
or, in whole or part, on dividend reset dates in the event the issuer and the
investor do not consent to a mutually agreeable rate. |
|||||
|
^ Or such
extended date as the Directors of the Company may decide. |
|||||
|
^^ 7% upto 30th June, 2011 |
|||||
Certain
Debentures aggregating to Rs.500.000 Millions are optionally convertible into
Preference Shares on maturity
DETAILS OF SHARES IN THE COMPANY HELD BY EACH SHAREHOLDER HOLDING MORE
THAN 5% SHARES IS AS FOLLOWS:
|
Name of the Shareholders |
No. of
Ordinary Shares Held |
|
|
31-Mar-2012 |
|
Sir Dorabji Tata Trust |
1,13,067 |
|
Sir Ratan Tata Trust |
95,211 |
|
Sterling Investment
Corporation Limited |
37,122 |
|
Cyrus Investments Limited |
37,122 |
|
Name of
the Shareholders |
No. of CRPS
Held |
|
|
31-Mar-2012 |
|
Jamsetji Tata Trust |
2,45,00,000 |
|
Navajbai Ratan Tata Trust |
1,50,15,000 |
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 |
|
41870.900 |
42674.100 |
|
(b) Reserves & Surplus |
|
239823.400 |
215044.900 |
|
(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) |
|
281694.300 |
257719.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
106494.200 |
97810.800 |
|
(b) Deferred tax liabilities (Net) |
|
4.400 |
4.600 |
|
(c) Other long
term liabilities |
|
1508.800 |
1527.500 |
|
(d) long-term
provisions |
|
478.700 |
455.800 |
|
Total Non-current
Liabilities (3) |
|
108486.100 |
99798.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1054.700 |
6779.500 |
|
(b)
Trade payables |
|
655.500 |
685.400 |
|
(c)
Other current liabilities |
|
28813.200 |
26837.600 |
|
(d) Short-term provisions |
|
10074.300 |
9814.900 |
|
Total Current
Liabilities (4) |
|
40597.700 |
44117.400 |
|
|
|
|
|
|
TOTAL |
|
430778.100 |
401635.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
539.000 |
277.700 |
|
(ii)
Intangible Assets |
|
10.200 |
8.300 |
|
(iii)
Capital work-in-progress |
|
547.000 |
806.300 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
395199.400 |
370655.000 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
7328.500 |
4339.200 |
|
(e) Other
Non-current assets |
|
0.000 |
301.800 |
|
Total Non-Current
Assets |
|
403624.100 |
376388.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
127.500 |
158.500 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
4026.600 |
3691.000 |
|
(d) Cash
and cash equivalents |
|
20901.600 |
19595.600 |
|
(e)
Short-term loans and advances |
|
521.500 |
285.400 |
|
(f)
Other current assets |
|
1576.800 |
1516.300 |
|
Total
Current Assets |
|
27154.000 |
25246.800 |
|
|
|
|
|
|
TOTAL |
|
430778.100 |
401635.100 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
42429.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
189256.400 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
231685.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
63500.000 |
|
|
2] Unsecured Loans |
|
|
50246.400 |
|
|
TOTAL BORROWING |
|
|
113746.400 |
|
|
DEFERRED TAX LIABILITIES |
|
|
7.800 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
345439.700 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
300.400 |
|
|
Capital work-in-progress |
|
|
749.300 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
323685.700 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1176.200
|
|
|
Sundry Debtors |
|
|
3914.500
|
|
|
Cash & Bank Balances |
|
|
26817.900
|
|
|
Other Current Assets |
|
|
279.700
|
|
|
Loans & Advances |
|
|
5984.200
|
|
Total
Current Assets |
|
|
38172.500
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
6983.500
|
|
|
Other Current Liabilities |
|
|
1264.600
|
|
|
Provisions |
|
|
9220.100
|
|
Total
Current Liabilities |
|
|
17468.200
|
|
|
Net Current Assets |
|
|
20704.300
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
345439.700 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
37981.800 |
39984.100 |
23867.000 |
|
|
|
Other Income |
9280.300 |
8595.000 |
4189.800 |
|
|
|
TOTAL (A) |
47262.100 |
48579.100 |
28056.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefits Expense |
595.200 |
530.500 |
495.800 |
|
|
|
Other Expenses |
1997.900 |
3134.600 |
1688.300 |
|
|
|
TOTAL (B) |
2593.100 |
3665.100 |
2184.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
44669.000 |
44914.000 |
25872.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11512.500 |
10666.400 |
8379.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
33156.500 |
34247.600 |
17493.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
56.200 |
31.800 |
29.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
33100.300 |
34215.800 |
17463.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1637.300 |
1746.800 |
1252.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31463.000 |
32469.000 |
16210.900 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
63674.600 |
46631.100 |
54706.600 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividends-Preference Shares |
3451.300 |
3447.300 |
3147.400 |
|
|
|
Dividends-Ordinary Shares |
3233.200 |
3233.200 |
2829.000 |
|
|
|
Special Reserve |
6300.000 |
0.000 |
0.000 |
|
|
|
General Reserve |
3250.000 |
3500.000 |
2000.000 |
|
|
|
Capital Redemption Reserve |
700.000 |
245.000 |
8310.000 |
|
|
|
Debenture Redemption Reserve |
5350.000 |
5000.000 |
8000.000 |
|
|
BALANCE CARRIED
TO THE B/S |
72853.100 |
63674.600 |
46631.100 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Consultancy Services |
872.600 |
309.300 |
04.700 |
|
|
|
Dividends and Interest |
213.300 |
23.600 |
25.000 |
|
|
|
Profit on sale of Long Term Investment |
1444.400 |
0.000 |
0.000 |
|
|
|
Other Earnings |
106.700 |
15.300 |
186.300 |
|
|
TOTAL EARNINGS |
2637.00 |
348.200 |
216.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
69,311 |
71,810 |
32,324 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
66.57
|
66.84 |
57.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.16
|
85.57 |
73.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
94.49
|
113.40 |
45.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.13 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.38
|
0.41 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67
|
0.57 |
2.19 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10409601 |
18/02/2013 |
10,000,000,000.00 |
CENTBANK
FINANCIAL SERVICES LIMITED |
CENTRALBANK MMO
BUILDING 6TH FLOOR 55 MAHATMA, GANDHI |
B69930063 |
|
2 |
10298793 |
22/07/2011 |
5,000,000,000.00 |
CENTBANK
FINANCIAL SERVICES LIMITED |
CENTRALBANK MMO BUILDING
6TH FLOOR 55 MAHATMA, GANDHI |
B17369190 |
|
3 |
10055690 |
24/05/2007 |
3,000,000,000.00 |
CENTRAL BANK OF
INDIA |
MUMBAI MAIN OFFICE
BUILDING, 6TH FLOOR, MAHATMA GANDHI ROAD, MUMBAI- 400001, MAHARASHTRA, INDIA |
A16313025 |
|
4 |
10055687 |
13/05/2013 * |
29,000,000,000.00
|
CENTRAL BANK OF
INDIA |
DEBENTURE
TRUSTEE SECTION, CENTRAL BANK BUILDING, |
B75432039 |
|
5 |
90386167 |
30/09/1997 * |
500,000,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORPORATION OF INDIA LIMITED |
163 BACKBAY
RECLAMATION, MUMBAI, MAHARASHTRA, INDIA |
- |
|
* Date of charge
modification |
||||||
BACKGROUND
The Company has
effective from 3rd August, 2011, been granted registration as a Core Investment
Company (CIC) by the Reserve Bank of
PERFORMANCE:
Income earned from
dividends on investments during the year 2011-12 amounted to Rs.34030.900
Millions (Previous year: Rs.36648.100 Millions). The dividend income
supplemented by other income was primarily utilised to augment the resources of
the Company for increasing long term investments in promoted companies.
Investments, at
cost, as at March 31, 2012 stood at Rs.395326.900 Millions as compared to
Rs.370813.500 Millions as at March 31, 2011. During the year, the Company
continued to enhance its stake in several listed Tata companies as well as
invest in newly promoted companies.
The Company has
registered itself with the Reserve Bank of
CONTINGENT LIABILITIES: (AS ON 31.03.2012)
a. The Company has given guarantees to banks
in respect of credit facilities extended to other companies of the maximum
amount of Rs.8227.400 millions. The amounts outstanding against the above
guarantees as on 31st March, 2012 were Rs.8227.400 millions.
b. Income Tax Matters:
1) Pending before Appellate authorities in
respect of which the Company is in appeal Rs.8694.100 millions. A substantial
amount of the aforesaid liability arises from a contrary position taken by the
Department in recent assessment compared to earlier years. This liability
includes amounts in respect of matters for which a favourable Order has been
received during the year from the Department for another assessment year,
supporting the treatment consistently adopted by the Company.
2) Decided in the Company’s favour by
Appellate authorities and for which the Department is in further appeal
Rs.5341.700 millions.
c. Sales Tax matters under appeal amounts to
Rs.43.900 millions
d. Other claims not acknowledged as debt
Rs.65.200 millions
FIXED ASSETS:
·
Land – Freehold
·
Land – Leasehold
·
Buildings – Freehold
·
Plant and Equipment
·
Furniture and Fixtures
·
Motor Vehicles
·
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.58.91 |
|
|
1 |
Rs.90.67 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
81 |
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.