MIRA INFORM REPORT
|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHAPOORJI PALLONJI AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
70, Nagindas Master Road, Fort, Mumbai – 400 023, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit & Loss A/c) |
|
|
|
|
Date of
Incorporation : |
23.01.1943 |
|
|
|
|
Com. Reg. No.: |
11-003812 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2040.204
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1943PLC003812 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS39398C/ MUMS39389A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6994C/ AAACS9383H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Civil Construction Activity |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (79) |
|
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 42877000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is the flagship company of the Shapoorji Pallonji Group. Subject is a well-established and reputed company having a fine track
record. There appears some dip in the profits during 2012. However, financial position of the company appears to be sound.
Fundamentals are strong and healthy. Directors are reported to be experienced
and respectable businessmen. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good for business dealings at usual trade
terms and conditions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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 |
ICRA |
|
Rating |
Long Term Rating: AA+ |
|
Rating Explanation |
High degree of safety and very low credit
risk |
|
Date |
March, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating: A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk |
|
Date |
March, 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.
LOCATIONS
|
Registered Office : |
70, Nagindas Master Road, Fort, Mumbai – 400 023, Maharashtra, India |
|
Tel. No.: |
91-22-22871040 |
|
Fax No.: |
91-22-66338176 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Administrative Office/
Construction Division/ EPC Division 2/ Real Estate Division : |
Shapoorji Pallonji Centre, 41/44, MINOO Desai Marg, Colaba, Mumbai –
400 005, Maharashtra, India |
|
Tel. No.: |
91-22-22871040/ 41/ 22870197/ 67490000 |
|
Fax No.: |
91-22-66338176 |
|
E-Mail : |
|
|
|
|
|
Corporate Office
: |
36, 2nd Floor, 1st Main Road, CIT Nagar, Above
SBI Bank, Chennai, Tamilnadu, India |
|
Tel. No.: |
91-44-24341555 |
|
|
|
|
EPC Division 2 :
|
Mira Tower, 2nd Floor, DN-27, Sector V, Salt Lake, Kolkata
– 700 091, West Bengal, India |
|
Tel No.: |
91-33-66111200 |
|
Fax No.: |
91-33-23675248/ 66336442 |
|
|
|
|
Email : |
atanu.ranjan@shapoorji.com
(Mr. Atanu Ranjan) |
|
|
|
|
Design and Build
Division : |
Contractor Building, Basement, Ramjeebhai Kamani Marg,
Ballard Estate, Mumbai – 400 038, Maharashtra, India |
|
Tel No.: |
91-22-66233600 |
|
Fax No.: |
91--22-66233563 |
|
Email : |
paras.vishwakarma@shapoorji.com (Mr. Vishvakarma) |
|
|
|
|
Human Resources Department : |
Gresham House, 4th Floor, Sir PM Road, Fort, Mumbai – 400
001, |
|
Tel. No.: |
91-22-67490000 |
|
Fax No.: |
91-22-22662997 |
|
Email : |
|
|
|
|
|
Showroom : |
54, Abdul Rehman Street, Mumbai – 400 003, Maharashtra, India |
|
Tel. No.: |
91-22-23421770 |
|
Fax No.: |
91-22-23421517 |
|
|
|
|
Design and Build
Office : |
Design and Build Contractor Building, 1st Floor, Ramjibhai
Kamani Marg, Ballared estate, Mumbai – 400 038, Maharashtra, India |
|
Tel No.: |
91-22-66233500 |
|
Fax No.: |
91-22-66233533 |
|
|
|
|
Regional Offices
: |
Located at: · Ahmedabad · Bangalore · Chennai · Delhi · Hyderabad · Kolkata · Mumbai · Nagpur · Nasik · Pune |
|
|
|
|
Overseas Office:
|
Located at: · Dubai · Abu Dhabi · Kuwait · Algeria · Ghana · Saudi · Qatar · Libya · Sri Lanka |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Shapoor Pallonji Mistry |
|
Designation : |
Managing Director |
|
Address : |
Sterling Bay, 103, Walkeshwar Road, Mumbai
– 400 006, Maharashtra, India |
|
Date of
Birth/Age : |
06.09.1964 |
|
Qualification : |
B.A. (England) Business and Economics Richmond College, London |
|
Date of Appointment
: |
22.04.1987 |
|
DIN
No.: |
00010114 |
|
PAN
No.: |
AAEPM2061M |
|
|
|
|
Name : |
Mr. Khushroo Burjor Captain |
|
Designation : |
Director |
|
Address : |
D/4, Palm Springs, 157, Cuffe Parade, Colaba, Mumbai – 400 005,
Maharashtra, India |
|
Date of
Birth/Age : |
24.04.1930 |
|
Qualification : |
B.A. LLB |
|
Date of
Appointment : |
18.07.1984 |
|
DIN
No.: |
00007518 |
|
|
|
|
Name : |
Mr. Firoze Kavshah Bhathena |
|
Designation : |
Whole Time Director |
|
Address : |
C/203, Shapoorji Pallonji Mistry Building, Dr. D.K. Shirodkar Road,
Parel, Mumbai – 400 012, Maharashtra, India |
|
Date of
Birth/Age : |
18.07.1948 |
|
Qualification : |
B. Com., M. Com |
|
Date of
Appointment : |
18.07.1984 |
|
DIN No.: |
00010075 |
|
|
|
|
Name : |
Kekoo Homji Colah |
|
Designation : |
Whole Time Director |
|
Address : |
10, 2nd Floor, Meher Building, Opposite Dady Seth Road,
Chowpatty, Mumbai – 400 007, Maharashtra, India |
|
Date of
Birth/Age : |
03.10.1953 |
|
Date of
Appointment : |
12.07.2012 |
|
DIN No.: |
00377478 |
|
|
|
|
Name : |
Jai Laxmikant Mavani |
|
Designation : |
Whole Time Director |
|
Address : |
G-401, Royal Classic, Next to Fame Adlabs, New Link Road, Andheri
(West), Mumbai – 400 058, Maharashtra, India |
|
Date of Birth/Age
: |
04.09.1971 |
|
Date of
Appointment : |
12.07.2012 |
|
DIN No.: |
05260191 |
KEY EXECUTIVES
|
Name : |
Mr. Roshen Minocher Nentin |
|
Designation : |
Secretary |
|
Address : |
King’s Building, Dr. Ambedkar Road, Parel, Mumbai – 400 012, Maharashtra,
India |
|
Date of Birth/Age : |
12.12.1952 |
|
Date of Appointment : |
20.10.1978 |
|
PAN No.: |
AAAPN6921F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Shapoor
Pallonji Mistry |
|
1081100 |
|
Cyrus
Pallonji Mistry |
|
1081100 |
|
Sterling
Investment Corporation Private Limited, India |
|
1346100 |
|
Cyrus
Investments Limited, India |
|
1346100 |
|
SC
Finance and Investments Private Limited, India |
|
50080900 |
|
SP
Finance Private Limited, India |
|
50080900 |
|
Blue
Arrow Finance Company Private Limited , India |
|
4000 |
|
Total |
|
105020200 |
|
Names of Shareholders
(Preference Shares) |
|
No. of Shares |
|
Shapoor Pallonji Mistry |
|
50000100 |
|
Cyrus Pallonji Mistry |
|
50000100 |
|
Total |
|
100000200 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
97.94 |
|
Directors
or relatives of directors |
|
2.06 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil Construction Activity |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Deutsche
Bank AG, 222, Kodak House, D.N. Road, Fort, Mumbai – 400 001, Maharashtra,
India ·
Axis Bank Limited, 2nd Floor,
Statesman House, 148, Barakhamba Road, New Delhi – 110 001, India ·
The Zoroastrian Co-Operative Bank Limited, Mumbai
Main Branch, Yusuf Building, Ground Floor, V.N. Road, Fort, Mumbai – 400 001,
Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Notes: (A) (Secured by
hypothecation of specific assets) {Amount due within a year Rs.255.242
millions (Previous year Rs.227.113 millions)} (B) (Secured by English
Mortgage on flats under construction owned by the company and by
hypothecation of the Company's Stocks and book debts) (C) {Term loan
of Rs.1079.267 millions (Previous year Rs. Nil) secured by hypothecation of
specific assets and Rs.2590.000 millions (Previous year Rs.1500.000 millions)
secured by pledge of shares of Sterling and Wilson Limited, a subsidiary and
mortgage by deposit of Title Deeds of one of the Company's immoveable
properties) {Amount due within a year Rs.2766.410 millions (Previous year Rs.
Nil )} |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie
Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai-400 018, Maharashtra,
India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Subsidiaries (As on 31.03.2011) : |
|
|
|
|
|
Associates (As on 31.03.2011) : |
|
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives (As on 31.03.2011): |
|
|
|
|
|
Joint Venture (As on 31.03.2011) : |
|
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
105050000 |
Equity Shares |
Rs.10/- each |
Rs.1050.500
millions |
|
100000200 |
Preference Shares |
Rs.10/- each |
Rs.1000.002
millions |
|
|
Total
|
|
Rs.2050.502 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
105020200 |
Equity Shares |
Rs.10/- each |
Rs.1050.202
millions |
|
100000200 |
Preference Shares |
Rs.10/- each |
Rs.1000.002
millions |
|
|
Total
|
|
Rs.2050.204 millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
105050000 |
Equity Shares |
Rs.10/- each |
Rs.1050.500
millions |
|
100000200 |
0.5%
Non-Cumulative, Non-Convertible, Redeemable Preference Shares |
Rs.10/- each |
Rs.1000.002
millions |
|
|
Total
|
|
Rs.2050.502 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
104020200 |
Equity Shares |
Rs.10/- each |
Rs.1040.202
millions |
|
100000200 |
0.5% Non-Cumulative,
Non-Convertible, Redeemable Preference Shares |
Rs.10/- each |
Rs.1000.002
millions |
|
|
Total
|
|
Rs.2040.204 millions |
Notes:
100000000 0.5%
Non-Cumulative, Non-Convertible, Redeemable Preference Shares of Rs.10/- each fully
paid-up (The Preference Shares shall be redeemable at par at the option of the
company at any time after allotment but not later than 20 years from the date
of allotment viz; January 28, 2008)
104020200 Equity
Shares of Rs.10/-each fully paid-up (of the above, 700000 Shares of Rs.10/-each
are allotted as fully paid-up Bonus Shares by Capitalisation of General
Reserve)
200 6.5% Non
cumulative Convertible Preference Shares of Rs.10/- each fully paid up (The
Preference Shares are convertible after 2 years but not later than 20 years
from the date of allotment viz; October 27, 2010)
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 |
|
2040.204 |
2030.200 |
|
|
2] Share Application Money Pending Allotment |
|
0.000 |
0.004 |
|
|
3] Reserves & Surplus |
|
8678.955 |
5519.473 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
10719.159 |
7549.677 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
4337.352 |
2542.720 |
|
|
2] Unsecured Loans |
|
21661.360 |
13736.707 |
|
|
TOTAL BORROWING |
|
25998.712 |
16279.427 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
36717.871 |
23829.104 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2227.508 |
1854.322 |
|
|
Capital work-in-progress |
|
13.741 |
2.246 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
11044.989 |
7623.397 |
|
|
DEFERRED TAX ASSETS |
|
334.542 |
288.714 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
8993.442
|
4930.426 |
|
|
Sundry Debtors |
|
11597.107
|
10387.327 |
|
|
Cash & Bank Balances |
|
2319.898
|
1783.544 |
|
|
Other Current Assets |
|
858.275
|
754.091 |
|
|
Loans & Advances |
|
18043.794
|
13437.503 |
|
Total
Current Assets |
|
41812.516
|
31292.891 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
8405.239
|
6316.334 |
|
|
Other Current Liabilities |
|
9794.391
|
10519.517 |
|
|
Provisions |
|
515.795
|
396.615 |
|
Total
Current Liabilities |
|
18715.425
|
17232.466 |
|
|
Net Current Assets |
|
23097.091
|
14060.425 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
36717.871 |
23829.104 |
|
Note: Balance Sheet for the
year 2012 is not available only Profit & Loss A/c is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
41181.935 |
32206.823 |
26938.952 |
|
|
|
Other Income |
3295.973 |
2944.885 |
1679.619 |
|
|
|
TOTAL (A) |
44477.908 |
35151.708 |
28618.571 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
35304.639 |
26870.858 |
|
|
|
|
Purchases of stock-in-trade |
7.136 |
41.383 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
438.116 |
407.473 |
|
|
|
|
Employee benefit expense |
3529.304 |
2717.854 |
|
|
|
|
Other Expenses |
917.805 |
1063.600 |
|
|
|
|
TOTAL (B) |
40197.000 |
31101.168 |
24850.802 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4280.908 |
4050.540 |
3767.769 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3330.334 |
2176.104 |
1717.935 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
950.574 |
1874.436 |
2049.834 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
426.741 |
347.068 |
294.296 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
523.833 |
1527.368 |
1755.538 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(197.572) |
40.187 |
636.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
721.405 |
1487.181 |
1118.741 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
6690.599 |
5203.418 |
3863.862 |
|
|
|
|
|
|
|
|
|
|
ADJUSTMENTS
RELATED MERGER ACQUISITIONS |
NA |
0.000 |
220.815 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
6690.599 |
5203.418 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Technical Know-how fees |
28.555 |
8.964 |
76.151 |
|
|
|
Construction income |
434.513 |
72.360 |
|
|
|
|
Interest income |
1.196 |
24.910 |
|
|
|
|
Miscellaneous income |
0.317 |
0.501 |
|
|
|
TOTAL EARNINGS |
464.581 |
106.735 |
76.151 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
117.046 |
46.935 |
NA |
|
|
|
Components and spare parts |
5.265 |
6.071 |
NA |
|
|
|
Capital Goods |
309.654 |
20.845 |
NA |
|
|
TOTAL IMPORTS |
431.965 |
73.851 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
- Basic |
6.93 |
14.40 |
10.86 |
|
|
|
- Diluted |
6.87 |
14.32 |
10.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.62
|
4.23
|
3.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.27
|
4.74
|
6.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.47
|
5.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.14
|
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
2.43
|
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
2.23
|
1.82 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10) Designation of contact person |
No |
|
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 |
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 |
No |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2011 (Rs. in Millions) |
31.03.2010 (Rs. in Millions) |
|
Fully convertible debentures unsecured |
(A) 3883.800 |
0.000 |
|
Rupee term loans banks unsecured |
15124.557 |
9936.007 |
|
Rupee term loans others unsecured |
(B) 1081.448 |
1793.447 |
|
Other debt unsecured |
(C) 1475.229 |
1954.201 |
|
Interest accrued due other debt unsecured |
96.326 |
53.052 |
|
Total |
21661.360 |
13736.707 |
Notes:
(A) (The debenture
is compulsorily convertible into 1000000 equity shares of Rs.10/- each at a premium
of Rs.3873.80 per share at any time after the date of allotment viz October 27,
2010, but on or before March 31, 2012)
(B) {Including
Rs.19447300 (Previous year Rs.616.447 millions) from Directors and a loan of
Rs.300.000 millions (Previous year Rs.300.000 millions) covered by as
undertaking of non-disposal of certain investments by Managing Directors}
(C) Commercial
paper is net of discount not written off on them. Discount not written off on
commercial paper for CY- Rs.24.771 millions and PY-Rs.45.799 millions and
Maximum outstanding during the year Rs.2500.000 millions (Previous year
Rs.2000.000 millions)
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U45200MH1943PLC003812 |
|
Name of the company |
SHAPOORJI PALLONJI AND COMPANY LIMITED |
|
Address of the registered office or of the
principal place of business in |
70, Nagindas Master Road, Fort, Mumbai – 400 023, Maharashtra, India E-Mail: prachi.kelkar@shapoorji.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
CIN No.: L65110GJ1993PLC020769 Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110 001, India E-Mail: aziz.fidai@axisbank.com |
|
Nature of description of the instrument
creating or modifying the charge |
Memorandum of Entry dated 30th
October, 2012, executed between the company and the Bank for loan availed by
Skyscape Developers Private Limited. |
|
Date of instrument Creating the charge |
30.10.2012 |
|
Amount secured by the charge |
Rs.2000.000 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: Base Rate +5.50% p.a. (Presently 15.50%)
payable monthly. Terms of Repayment: Moratorium: 2 years from the date of 1st
disbursement. Repayment Schedule: 3 equal half yearly
installments after the moratorium period. Margin: As per deposit of Title Deeds. Extent and Operation of the charge: As per deposit of Title Deeds. |
|
Short particulars of the property charged |
Plot No: CP-7, Sector 8, IMT Manesar,
Gurgaon, Haryana (admeasuring 38212 sq. mts) for loan availed by Skyscape
Developers Private Limited. |
FIXED ASSETS:
Tangible Assets
·
Land and Land Improvements
·
Building and Building Improvements
·
Plant and Machinery
·
Office Equipments
·
Computer Equipments
·
Furniture and Fixtures
·
Vehicles
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.53.37 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--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 |
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 |
|
79 |
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.