|
Report Date : |
25.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
TATA CONSULTING ENGINEERS LIMITED (w.e.f.18.01.2010) |
|
|
|
|
Formerly Known
As : |
TCE CONSULTING ENGINEERS LIMITED |
|
|
|
|
Registered
Office : |
Matulya Centre, 1st Floor, A-249, S B Marg, Senapati Bapat Marg,
Lower Parel (West), Mumbai - 400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.12.1999 |
|
|
|
|
Com. Reg. No.: |
11-123010 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1999PLC123010 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT06732F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT0772E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the
business of providing engineering consultancy services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 9910000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of Tata Sons Limited. Subject is one of the leading Indian engineering consultants having
executed over 6000 projects in India and Overseas. It has created its brand image all over the world. It is a well
established company having good track record. Company’s performance appears to be excellent. Financially it seems to
be strong. Fundamental of the company is healthy. Company gets good support
from its group company. Trade relations are reported to be fair. Business is
active. Payments are reported to be regular and as per commitment. In view of experienced directors, the company can be considered for
any 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of India
has approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
AA (Long Term Loans) |
|
Rating Explanation |
High credit quality and low credit risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ (Non Fund Based Limits) |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
October 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 DENIED
Management Non Co-operative (91-22-61148181)
LOCATIONS
|
Registered Office : |
Matulya Centre, 1st Floor, A-249, S B Marg, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66624743 |
|
Fax No.: |
91-22-66624768 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
4th Floor, Tower A, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-61148181 |
|
Fax No.: |
91-22-61148282 |
|
|
|
|
Branch Office : |
Located at: ·
Bangalore ·
Chennai ·
Jamshedpur ·
Kolkata ·
Mumbai ·
New Delhi ·
Pune ·
TCE Qatar ·
South Africa ·
USA |
DIRECTORS
As on: 16.07.2013
|
Name : |
Mr. Prasad Raghava Menon |
|
Designation : |
Director |
|
Address : |
50-F, Lovedale Peddar Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
23.01.1946 |
|
Date of Appointment : |
01.02.2011 |
|
DIN No.: |
00005078 |
|
|
|
|
Name : |
Mr. Farokh Nariman Subedar |
|
Designation : |
Director |
|
Address : |
Wadia Building, 6, Babulnath Road, Mumbai - 400007, Maharashtra, India
|
|
Date of Birth/Age : |
24.09.1955 |
|
Date of Appointment : |
10.12.1999 |
|
DIN No.: |
00028428 |
|
|
|
|
Name : |
Padmanabhan Sankaranarayanan |
|
Designation : |
Director |
|
Address : |
132, Apsara NCPA Appartments, D Tara Road, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1958 |
|
Date of Appointment : |
16.07.2013 |
|
DIN No.: |
00306299 |
|
|
|
|
Name : |
Mr. Arun Prabhat Mull |
|
Designation : |
Director |
|
Address : |
Gautam Niwasa, Padmavati Devi Road, Opposite IIT Powai, Mumbai 400
076, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1944 |
|
Date of Appointment : |
09.06.2010 |
|
PAN No.: |
AAGPM7776F |
|
DIN No.: |
00659352 |
|
|
|
|
Name : |
Mr. Arunkumar Laxmidas Vora |
|
Designation : |
Director |
|
Address : |
S2, Orchid Apartments, V Main, Defence Colony, Indira Nagar, |
|
Date of Birth/Age : |
14.08.1941 |
|
Date of Appointment : |
13.05.2003 |
|
DIN No.: |
00191774 |
|
|
|
|
Name : |
Mr. Jayaraman Pranthathi Haran |
|
Designation : |
Managing Director |
|
Address : |
21, Radha Building, Seema Society, Ghatla Road, Chembur, Mumbai –
400071, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1950 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AAAPH6234R |
|
DIN No.: |
02624272 |
|
|
|
|
Name : |
Mr. Amit Sharma |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. 1704 and 1705, 17th Floor, B Wing, Oberai Spledor,
Jogeshwari, Vikhroli Road, Andheri (East), Mumbai – 400060, Maharashtra,
India |
|
Date of Birth/Age : |
18.07.1972 |
|
Date of Appointment : |
16.07.2013 |
|
PAN No.: |
AAPPS0200D |
|
DIN No.: |
03212568 |
KEY EXECUTIVES
|
Name : |
Mr. Krsihnan Gopalakrishnan |
|
Designation : |
Secretary |
|
Address : |
A13/1, Shree Ram Nagar, S V Road, Andheri (West) Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
23.05.1954 |
|
Date of Appointment : |
05.01.2007 |
|
PAN No.: |
AAHPK0344A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 16.07.2013
|
Names of Shareholders |
No. of Shares |
|
Tata Sons Limited, India |
9999600 |
|
Tata Sons Limited, India and F N Subedar, India |
100 |
|
Tata Sons Limited, India and K R Bhagat |
100 |
|
Tata Sons Limited, India and KR Bhagat and Manoj Kumar CV |
30 |
|
Tata Sons Limited, India and Nikil Kumar |
40 |
|
Tata Sons Limited, India and EN Kapadia |
30 |
|
Tata Sons Limited, India and AP Charna |
100 |
|
|
|
|
TOTAL
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 16.07.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business
of providing engineering consultancy services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · Bank of Baroda, Opera House Branch, Modi Chambers, Pandit Palusk, Ar Chowk, Mumbai - 400004, Maharashtra, India · State Bank of India Commercial Branch (Advances), N.G.N. Vaidya Marg, P.Box No.10141, Mumbai - 400023, Maharashtra, India · Axis Bank Limited, Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai - 400 013, Maharashtra, India |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Subsidiary Company
: |
TCE QSTP -LLC, Qatar |
|
|
|
|
Holding Company : |
Tata Sons Limited CIN No.: U99999MH1917PLC000478 |
|
|
|
|
Fellow Subsidiary
Company : |
· Tata Consultancy Services Limited CIN No.: L22210MH1995PLC084781 · Tata Advanced Systems Limited CIN No.: U72900AP2006PLC077939 · Tata Africa Holdings (SA) (Proprietary) Limited · Tata Teleservices (Maharashtra) Limited CIN No.: L64200MH1995PLC086354 · Tata Teleservices Limited CIN No.: U74899DL1995PLC066685 · Tata AIA Life Insurance Company Limited CIN No.: U66010MH2000PLC128403 · Tata Investment Corporation Limited CIN No.: L67200MH1937PLC002622 · T T Holdings and Services Limited CIN No.: U65921MH2006PLC238745 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
2379.743 |
2214.749 |
1801.125 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
2479.743 |
2314.749 |
1901.125 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.610 |
1.116 |
0.791 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
11.838 |
11.838 |
0.000 |
|
(d) long-term provisions |
177.497 |
158.979 |
135.803 |
|
Total Non-current Liabilities
(3) |
189.945 |
171.933 |
136.594 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
328.031 |
193.540 |
279.833 |
|
(b) Trade payables |
428.419 |
432.718 |
443.034 |
|
(c) Other current liabilities |
353.166 |
277.027 |
333.382 |
|
(d) Short-term provisions |
304.285 |
256.415 |
282.556 |
|
Total Current
Liabilities (4) |
1413.901 |
1159.700 |
1338.805 |
|
|
|
|
|
|
TOTAL |
4083.589 |
3646.382 |
3376.524 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
597.420 |
676.116 |
749.906 |
|
(ii) Intangible Assets |
32.632 |
28.385 |
88.523 |
|
(iii) Capital work-in-progress |
56.839 |
22.500 |
20.839 |
|
(iv) Intangible assets under development |
0.373 |
0.300 |
0.595 |
|
(b) Non-current Investments |
10.076 |
3.582 |
3.582 |
|
(c) Deferred tax assets (net) |
84.904 |
60.425 |
42.686 |
|
(d) Long-term Loan and Advances |
332.273 |
200.643 |
302.856 |
|
(e) Other Non-current assets |
25.568 |
14.419 |
16.827 |
|
Total Non-Current
Assets |
1140.085 |
1006.370 |
1225.814 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1349.726 |
1138.345 |
931.916 |
|
(d) Cash and cash equivalents |
30.850 |
58.720 |
95.564 |
|
(e) Short-term loans and advances |
100.942 |
76.057 |
86.508 |
|
(f) Other current assets |
1461.986 |
1366.890 |
1036.722 |
|
Total Current
Assets |
2943.504 |
2640.012 |
2150.710 |
|
|
|
|
|
|
TOTAL |
4083.589 |
3646.382 |
3376.524 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4298.196 |
4548.896 |
4159.381 |
|
|
|
Other Income |
66.519 |
146.220 |
51.999 |
|
|
|
TOTAL (A) |
4364.715 |
4695.116 |
4211.380 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
2465.763 |
2243.100 |
1963.119 |
|
|
|
Other expenses |
1375.426 |
1374.857 |
1098.326 |
|
|
|
TOTAL (B) |
3841.189 |
3617.957 |
3061.445 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
523.526 |
1077.159 |
1149.935 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
50.846 |
46.936 |
58.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
472.680 |
1030.223 |
1091.375 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
127.454 |
194.205 |
214.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
345.226 |
836.018 |
877.152 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
115.885 |
259.682 |
287.905 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
229.341 |
576.336 |
589.247 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1794.200 |
1450.600 |
1105.700 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
30.000 |
70.000 |
70.000 |
|
|
|
Proposed Dividend |
55.000 |
140.000 |
150.000 |
|
|
|
Tax on Proposed Dividend |
9.300 |
22.700 |
24.300 |
|
|
BALANCE CARRIED
TO THE B/S |
1929.200 |
1794.200 |
1450.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
916.000 |
281.300 |
163.400 |
|
|
TOTAL EARNINGS |
916.000 |
281.300 |
163.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.93 |
57.63 |
58.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.25 |
12.28 |
13.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.03 |
18.38 |
21.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.78 |
23.49 |
26.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.36 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.13 |
0.08 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08 |
2.28 |
1.61 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
0.101 |
0.188 |
0.405 |
|
|
|
|
|
|
Total |
0.101 |
0.188 |
0.405 |
|
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 |
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
0.000 |
0.101 |
|
|
|
|
|
Total |
0.000 |
0.101 |
FINANCIAL HIGHLIGHTS
The income from services rendered during the period amounted to Rs.4298.200 Millions (previous year - Rs. 4548.900 Millions). There was a decrease of 5.51% in the income from services over the previous year.
The profit before tax was Rs. 345.200 Millions (previous year Rs. 836.000 Millions) constituting 8.03% of the income from services (previous year-18.37%). The profit after tax was at Rs. 229.300 Millions as compared to Rs. 576.300 Millions in the previous year.
The Company had to manage a severe slowdown in power, mining and other infrastructure sectors from the beginning of the year owing to fuel linkage, land availability and environmental issues related to the projects. The proactive steps taken by the Company in the international markets led to almost 200% growth in business acquisition which partly mitigated the adverse environment in the domestic market. Besides slowdown, an extremely competitive environment prevailed in the domestic market thereby putting pressure on our margins. The Company Management took various sales improvement measures overseas that helped a 200% increase in International business acquisition. Also various cost cutting measures were taken to mitigate the effects of pressure on margins.
During the year ended 31st March, 2013, the Company booked new orders aggregating to Rs. 5750.000 Millions (Previous year Rs. 7230.000 Millions) of which the international orders booked were of Rs. 2280.000 Millions (previous year Rs. 750.000 Millions).
FUTURE OUTLOOK
The current year has started with the order book with a more predictable progress on jobs than last year where the projects were under various uncertainties. The additional thrust given to domestic and international business acquisition are expected to result in improvement in operations in the current year.
The year 2012-13 ended with various challenges to the economy and industry. The carry forward orders for execution in the ensuing years as at the end of the financial year stood at a healthy Rs. 7000.000 Millions. With the inherent strengths and diversity of the company’s operations it is expected that the company will be able to weather the challenges in the industry and consolidate its position.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10316102 |
01/11/2011 |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B24721482 |
|
2 |
10232860 |
24/06/2010 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A91079798 |
|
3 |
80019146 |
21/12/2011 * |
400,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH (ADVANCES), N.G.N. VAIDYA MARG , P.BOX NO.10141, MUMBAI, MAHARASHTRA - 400023, INDIA |
B29479037 |
|
4 |
90236288 |
18/11/2010 * |
100,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B00357715 |
|
5 |
80031776 |
25/05/2012 * |
1,260,000,000.00 |
BANK OF BARODA |
OPERA HOUSE BRANCH, MODI CHAMBERS, PANDIT PALUSK, AR CHOWK, MUMBAI, MAHARASHTRA - 400004, INDIA |
B41465600 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Leasehold Improvements
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.63.02 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--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 |
|
62 |
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.