MIRA INFORM REPORT
|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
STERLING GENERATORS PRIVATE LIMITED (w.e.f. 28.06.2005) |
|
|
|
|
Formerly Known
As : |
CHINSHA INVESTMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10th Floor, Universal Majestic, P.L. Lokhande Marg, Chembur, Mumbai –
400043,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.02.1995 |
|
|
|
|
Com. Reg. No.: |
11-085899 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1995PTC085899 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC6140R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Generator and Electrical
Control Panels. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1770000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Shapoorji Pallonji and Company Limited’.
It is an established company having a moderate track record. It has incurred loss from its operation during 2012. There also appear
huge external borrowings recorded by the company which heavily exceeds the
net worth. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 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 DECLINED BY
|
Name : |
Mr. Sanjeev Jha |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9374054326 |
|
Date : |
23.02.2012 |
LOCATIONS
|
Registered Office : |
10th Floor, Universal Majestic, P.L. Lokhande Marg,
Chembur, Mumbai – 400043, Maharashtra, India |
|
Tel. No.: |
91-22-25526100/ 25485300 |
|
Mobile No.: |
91-9374054326 (Mr. Sanjeev Jha) |
|
Fax No.: |
91-22-25526200/ 25485331 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
# 8 and 9, Sundaram Industrial Estate, Beside USV limited, |
|
Tel. No.: |
91-22-25526100/25526221 |
|
Fax No.: |
91-22-25526200 |
|
E-Mail : |
panelsales.mumbai@sterlinggenerators.com |
|
|
|
|
Marketing : |
A-7, Sector-6, Ground Floor, Opposite Rohan Motors, Noida – 201301,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4515600 |
|
|
|
|
Corporate Office : |
Kasturi, Sanghavi Estate, Govandi Station, Road, Govandi
(East), Mumbai – 400 088', Maharashtra, India |
|
Tel No.: |
91-22-25485300 |
|
Fax No.: |
91-22-25485331 |
|
|
|
|
Factory Office : |
Survey No. 59, 343/1 Village Kala, Kherdi, Khanvel Silvassa, U.T of Dadra and Nagar Haveli |
|
Tel. No.: |
91-260-2677408/ 419 |
|
Fax No.: |
91-260/2677408 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on: 27.09.2012
|
Name : |
Mr. Jimmy Jehangir Parakh |
|
Designation : |
Director |
|
Address : |
502, |
|
Date of Birth/Age : |
01.10.1949 |
|
Date of Appointment : |
24.02.1995 |
|
DIN No.: |
00004945 |
|
|
|
|
Name : |
Mrs. Zarine Yazdi Daruvala |
|
Designation : |
Director |
|
Address : |
613, Dinshaw Mody Building, Jame Jamsed Road, Parsi Colony, Dadar,
Mumbai – 400014, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1944 |
|
Date of Appointment : |
02.05.2005 |
|
PAN No.: |
AECPD6525K |
|
DIN No.: |
00190585 |
|
|
|
|
Name : |
Mr. Khurshed Yazdi Daruvala |
|
Designation : |
Whole Time Director |
|
Address : |
613, Dinshaw Mody Building, Jame Jamsed Road, Parsi Colony, Dadar, Mumbai
– 400014, Maharashtra, India |
|
Date of Birth/Age : |
22.03.1969 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AACPD7565R |
|
DIN No.: |
00216905 |
|
|
|
|
Name : |
Mrs. Kainaz Khurshed Daruvala |
|
Designation : |
Whole Time Director |
|
Address : |
613, Dinshaw Mody Building, Jame Jamsed Road, Parsi Colony, Dadar,
Mumbai – 400014, Maharashtra, India |
|
|
|
|
Date of Birth/Age : |
11.12.1973 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AGKPM4737G |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIN No.: |
00276056 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Jha |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
|
|
|
|
Shapoorji Pallonji and Company Limited , India |
16799999 |
56.00 |
|
Shapoorji Pallonji and Company Limited , India Jointly with Mr. Jimmy M. Parakh |
1 |
0.00 |
|
Daruvala Khurshed Kainaz Jointly with Daruvala Khurshed Delna |
4082500 |
13.60 |
|
Daruvala Khurshed Kainaz Jointly with Daruvala Khurshed Jehan |
4082489 |
13.60 |
|
Rashmi Vasant Gokhale Jointly with Daruvala Yazdi Khurshed |
1 |
0.00 |
|
Madan Pesi Zarir Jointly with Daruvala Yazdi Khurshed |
1 |
0.00 |
|
Aloo Tata |
1 |
0.00 |
|
Unwalla Homi Farhad Jointly with Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Unwalla Farhad Zenobia Jointly with Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Lalla Rishad Jointly Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Madan Zarir Pervin Jointly with Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Bhagat Jehangir Kersi Jointly with Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Bhagat Kersi Zarine Jointly with Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Daruvala Merwan Kersi Jointly with Daruvala Khurshed Kainaz |
1 |
0.00 |
|
Daruvala Yazdi Khurshed |
5034999 |
16.78 |
|
Adil Meharwan Daruvala Jointly with Khurshed Y.Daruvala |
1 |
0.00 |
|
Dilnavaz Kersi Daruvala Jointly with Khurshed Y.Daruvala |
1 |
0.00 |
|
|
|
|
|
Total |
30000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
56.00 |
|
Directors or relatives of directors |
|
44.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Generator and Electrical
Control Panels. |
GENERAL INFORMATION
|
Customers : |
|
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|
|
||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Axis Bank Limited, 209, Ground Floor, Atlanta, Nariman Point Branch, Mumbai-400021,
Maharashtra, India Tel. No.: 91-22-22834296 |
||||||||||||
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|
|
||||||||||||
|
Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountant |
|
Address : |
Kalpataru Heritage, |
|
Tel No.: |
91-22-61587200 |
|
Fax No.: |
91-22-22673964 |
|
PAN No.: |
AAAFK7554R |
|
|
|
|
Holding Company : |
Shapoorji Pallonji and Company Limited, India CIN No.: U45200MH1943PLC003812 |
|
|
|
|
Relatives of Key
management personnel : |
CIN No.: U70100MH1995PTC088637
CIN No.: U31300WB1989PTC046575
CIN No.: U31200MH1974PLC017538
CIN No.: U51504MH2008PTC181253 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
30000 |
Preference Shares |
Rs.1000/- each |
Rs.30.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.330.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000
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 |
|
144.710 |
225.367 |
|
(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) |
|
444.710 |
525.367 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
456.800 |
442.800 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
17.319 |
12.989 |
|
Total Non-current
Liabilities (3) |
|
474.119 |
455.789 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1995.854 |
1323.570 |
|
(b) Trade
payables |
|
628.835 |
656.043 |
|
(c) Other
current liabilities |
|
264.999 |
250.641 |
|
(d) Short-term
provisions |
|
1.507 |
38.945 |
|
Total Current
Liabilities (4) |
|
2891.195 |
2269.199 |
|
|
|
|
|
|
TOTAL |
|
3810.024 |
3250.355 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
256.836 |
258.497 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)Producing
Properties |
|
3.890 |
0.243 |
|
(iv)
Capital work-in-progress |
|
0.000 |
0.086 |
|
(v)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
10.142 |
1.243 |
|
(d) Long-term Loan and Advances |
|
8.012 |
1.669 |
|
(e) Other
Non-current assets |
|
16.486 |
25.720 |
|
Total Non-Current
Assets |
|
295.366 |
287.458 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1560.884 |
1464.989 |
|
(c) Trade
receivables |
|
1575.323 |
1158.917 |
|
(d) Cash
and cash equivalents |
|
74.052 |
82.526 |
|
(e)
Short-term loans and advances |
|
304.399 |
256.465 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
3514.658 |
2962.897 |
|
|
|
|
|
|
TOTAL |
|
3810.024 |
3250.355 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
300.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
119.224 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
419.224 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
784.076 |
|
|
2] Unsecured Loans |
|
|
969.163 |
|
|
TOTAL BORROWING |
|
|
1753.239 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2172.463 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
141.195 |
|
|
Capital work-in-progress |
|
|
18.793 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
7.909 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
990.549
|
|
|
Sundry Debtors |
|
|
1263.554
|
|
|
Cash & Bank Balances |
|
|
168.156
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Other Non Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
195.062 |
|
Total
Current Assets |
|
|
2617.321 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
521.733
|
|
|
Other Current Liabilities |
|
|
79.603
|
|
|
Provisions |
|
|
11.419
|
|
Total
Current Liabilities |
|
|
612.755 |
|
|
Net Current Assets |
|
|
2004.566
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2172.463 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
2928.778 |
|
|
|
Other Income |
|
|
1.165 |
|
|
|
TOTAL (A) |
NA |
NA |
2929.943 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
|
Employee Remuneration |
|
|
2796.400 |
|
|
|
Selling and Administrative Expenses |
|
|
|
|
|
|
Increase/Decrease in Stock |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
2796.400 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
196.726 |
133.543 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
26.255 |
25.356 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
NA |
170.471 |
108.187 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
64.327 |
23.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-I) (J) |
(80.657) |
106.144 |
84.511 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
119.223 |
34.712 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
225.367 |
119.223 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
495.550 |
701.232 |
701.231 |
|
|
TOTAL EARNINGS |
495.550 |
701.232 |
701.231 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
1463.254 |
|
|
|
Capital goods |
|
|
1.215 |
|
|
TOTAL IMPORTS |
NA |
NA |
1464.469 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(2.69) |
3.54 |
2.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA |
2.88
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
3.69
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
4.47 |
3.92
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.32 |
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.52 |
3.36 |
4.18
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.31 |
4.27
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.000 |
0.000 |
NA
|
|
|
|
|
|
|
Total |
0.000 |
0.000 |
NA
|
|
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 one year |
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 |
Yes |
|
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 |
NOTE:
The Registered Office of the company has been shifted from B-2, Bussa
Udyog Bhavan, T.J. Road, Sewri (West), Mumbai – 400015, Maharashtra, India to
the present address w.e.f. 20.01.2012
UNSECURED LOAN
|
Particular |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
456.800 |
442.800 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
300.000 |
0.000 |
|
Loans repayable on demand from others |
250.000 |
150.000 |
|
Intercorporate deposits |
134.600 |
154.600 |
|
|
|
|
|
Total |
1141.400 |
747.400 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10362698 |
28/02/2013 * |
2,950,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS
COMPOUND, PANDURANG BUDHKAR MARG, WORLI,
MUMBAI, MAHARASHTRA - 400025, INDIA |
B70358874 |
|
2 |
10205028 |
29/01/2010 |
400,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
A80196108 |
|
3 |
10192499 |
03/11/2009 |
250,000,000.00 |
AXIS BANK LIMITED |
ATLANTA, 209, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
A75030049 |
|
4 |
10192498 |
14/10/2010 * |
320,000,000.00 |
AXIS BANK LIMITED |
209, GROUND FLOOR, ATLANTA, NARIMAN POINT,
MUMBAI, MAHARASHTRA - 400021, INDIA |
B00042309 |
|
5 |
10010624 |
14/10/2010 * |
1,200,000,000.00 |
AXIS BANK LIMITED |
209, GROUND FLOOR, ATLANTA, NARIMAN POINT,
MUMBAI, MAHARASHTRA 400021, INDIA |
B00043166 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
Intangible Assets
- Computer Software
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.59.30 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.