MIRA INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
COASTAL ENERGY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
5th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
18.02.1997 |
|
|
|
|
Com. Reg. No.: |
18-037547 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.67.446 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U52599TN1997PTC037547 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEC02209E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader and Importer of Non Coking Coal. |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. It
has long –standing presence in coal trading operations, adequate coal
handling capability, adequate scale of operations and market share. The promoters have long experience in trading business and the company
has well – qualified professional in the senior management, with considerable
experience in the concerned industries. The company has shown a healthy growth in its operating income during
2012. However, profitability appears to be low. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- (Long Term Rating) |
|
Rating Explanation |
Moderate credit quality. It carry average credit risk. |
|
Date |
February 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 : |
Ms. Umamahe Shwaavi |
|
Designation : |
Accountant |
|
Contact No.: |
91-44-43974397 |
|
Date : |
21.10.2013 |
LOCATIONS
|
Registered Office : |
5th Floor, |
|
Tel. No.: |
91-44-43974397/
28255792/ 28235379/ 28235380/ 28231440/42964296 |
|
Fax No.: |
91-44-28268316/42964297 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
202-207,
Mahalakshmi Chambers, 22, |
|
Tel. No.: |
91-22-23519027 |
|
Fax No.: |
91-22-23538567 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Ahamed Rahman Buhari |
|
Designation : |
Director |
|
Address : |
8, |
|
Date of Birth/Age : |
20.01.1969 |
|
Date of Appointment : |
18.02.1997 |
|
DIN No.: |
00211221 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201TN1989PTC017001 |
BUHARI
HOLDINGS PRIVATE LIMITED |
Director |
08-03-89 |
08-03-89 |
- |
Active |
NO |
|
2 |
U52599TN1997PTC037547 |
COASTAL
ENERGY PRIVATE LIMITED |
Managing
director |
18-02-97 |
18-02-97 |
- |
Active |
NO |
|
3 |
U65110TN1964PTC005251 |
BHARI
INDUSTRIAL PROMOTERS PRIVATE LIMITED |
Director |
01-04-99 |
01-04-99 |
21-07-10 |
Active |
NO |
|
4 |
U63090TN1994PTC029438 |
SEAPORT
LOGISTICS PRIVATE LIMITED |
Director |
30-09-03 |
30-09-03 |
06-02-06 |
Active |
NO |
|
5 |
U51102TN1995PLC031016 |
EAST
COAST CONSTRUCTIONS AND INDUSTRIES LIMITED |
Director |
27-01-05 |
27-01-05 |
07-03-11 |
Active |
NO |
|
6 |
U40102TN2006PTC060008 |
COASTAL
GUJARAT POWERGEN PRIVATE LIMITED |
Director |
29-05-06 |
29-05-06 |
- |
Amalgamated |
NO |
|
7 |
U40102TN2006PTC060009 |
COASTAL
ENERGEN PRIVATE LIMITED |
Director |
29-05-06 |
29-05-06 |
- |
Active |
NO |
|
8 |
U40101TN2006PTC060071 |
COASTAL
GUJARAT POWER GENCO PRIVATE LIMITED |
Director |
02-06-06 |
02-06-06 |
- |
Active |
NO |
|
9 |
U65993TN2010PTC076110 |
BUHARI
AUTO HOLDINGS PRIVATE LIMITED |
Director |
11-06-10 |
11-06-10 |
- |
Active |
NO |
|
Name : |
Mr. Noohu Mohamed Ameer Fizel |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
17.12.1962 |
|
Date of Appointment : |
18.02.1997 |
|
DIN No.: |
02051427 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52599TN1997PTC037547 |
COASTAL
ENERGY PRIVATE LIMITED |
Director |
18-02-97 |
18-02-97 |
- |
Active |
NO |
|
2 |
U63090TN1994PTC029438 |
SEAPORT
LOGISTICS PRIVATE LIMITED |
Director |
30-09-03 |
30-09-03 |
03-08-07 |
Active |
NO |
|
3 |
U40102TN2006PTC060009 |
COASTAL
ENERGEN PRIVATE LIMITED |
Director |
29-05-06 |
29-05-06 |
29-04-08 |
Active |
NO |
|
4 |
U40101TN2006PTC060071 |
COASTAL
GUJARAT POWER GENCO PRIVATE LIMITED |
Director |
02-06-06 |
02-06-06 |
- |
Active |
NO |
|
5 |
U61100TN2008PTC069733 |
PIONEER
MARINE SERVICES PRIVATE LIMITED |
Director |
31-10-08 |
31-10-08 |
30-05-09 |
Active |
NO |
|
6 |
U45200TN2012PTC084923 |
CANDOUR
CONSTRUCTIONS AND DEVELOPERS PRIVATE LIMITED |
Director |
14-03-12 |
14-03-12 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Fossil Investments Limited - |
6744393 |
|
Ahmed Buhari |
100 |
|
Abdul Qadir AR Buhari |
100 |
|
TOTAL
|
6744593 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
99.00 |
|
Directors or relatives of Directors |
1.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Non Coking Coal. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N.C. Rajagopal and Company Chartered Accountants |
|
Address : |
22, |
|
Tel. No.: |
91-44-24991569/ 24993056/ 24991095/
24987746/ 24986170 |
|
Fax No.: |
91-44-24991485 |
|
E-Mail : |
|
|
PAN No.: |
AAAFN0572A |
|
|
|
|
Holding Company : |
|
|
|
|
|
Related Parties : |
CIN No.:-
U45201TN1989PTC017001
CIN
No.:- U65110TN1964PTC005251
CIN
No.:- U40102TN2006PTC060009 |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
|
|
|
|
|
6744593 |
Equity Shares |
Rs.10/- each |
Rs. 67.446
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
67.446 |
67.446 |
|
(b) Reserves & Surplus |
|
604.925 |
537.822 |
|
(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) |
|
672.371 |
605.268 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
28.931 |
31.079 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
2.118 |
1.478 |
|
Total Non-current
Liabilities (3) |
|
31.049 |
32.557 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1085.380 |
832.715 |
|
(b) Trade payables |
|
10635.295 |
5231.798 |
|
(c) Other current liabilities |
|
285.164 |
112.860 |
|
(d) Short-term provisions |
|
0.255 |
0.241 |
|
Total Current
Liabilities (4) |
|
12006.094 |
6177.614 |
|
|
|
|
|
|
TOTAL |
|
12709.514 |
6815.439 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
144.370 |
160.701 |
|
(ii) Intangible Assets |
|
0.522 |
0.261 |
|
(iii) Capital work-in-progress |
|
9.358 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.141 |
0.629 |
|
(d) Long-term Loan and Advances |
|
31.184 |
2.396 |
|
(e) Other Non-current assets |
|
53.163 |
53.163 |
|
Total Non-Current
Assets |
|
238.738 |
217.150 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
7.348 |
8.683 |
|
(b) Inventories |
|
1923.694 |
2315.449 |
|
(c) Trade receivables |
|
7321.679 |
2330.835 |
|
(d) Cash and cash equivalents |
|
1036.501 |
870.215 |
|
(e) Short-term loans and advances |
|
2085.397 |
1033.167 |
|
(f) Other current assets |
|
96.157 |
39.940 |
|
Total Current Assets |
|
12470.776 |
6598.289 |
|
|
|
|
|
|
TOTAL |
|
12709.514 |
6815.439 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
67.446 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
492.450 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
559.896 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
688.949 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
688.949 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1248.845 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
174.784 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6.605 |
|
|
DEFERREX TAX ASSETS |
|
|
0.510 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1712.035
|
|
|
Sundry Debtors |
|
|
2375.565
|
|
|
Cash & Bank Balances |
|
|
814.990
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
951.702
|
|
Total
Current Assets |
|
|
5854.292 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1973.776
|
|
|
Other Current Liabilities |
|
|
2683.603
|
|
|
Provisions |
|
|
129.967
|
|
Total
Current Liabilities |
|
|
4787.346 |
|
|
Net Current Assets |
|
|
1066.946
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1248.845 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
11711.451 |
8250.088 |
|
|
|
Other Income |
|
(75.407) |
440.815 |
|
|
|
TOTAL (A) |
13875.700 |
11636.044 |
8690.903 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
10667.152 |
6237.030 |
|
|
|
Direct Expenses |
|
1018.422 |
1065.291 |
|
|
|
Administrative Expenses |
|
90.107 |
60.800 |
|
|
|
Employees Cost |
|
106.118 |
87.882 |
|
|
|
Selling & Distribution Expenses |
|
42.304 |
39.137 |
|
|
|
Increase/(Decrease) in Stock |
|
(603.414) |
875.502 |
|
|
|
TOTAL (B) |
13508.400 |
11320.689 |
8365.642 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
367.300 |
315.355 |
325.261 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
247.300 |
209.272 |
224.794 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
120.000 |
106.083 |
100.467 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.900 |
23.314 |
22.233 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
101.100 |
82.769 |
78.234 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
34.000 |
37.397 |
27.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
67.100 |
45.372 |
50.773 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
431.000 |
385.573 |
334.800 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
498.100 |
430.945 |
385.573 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Coal |
10918.644 |
10351.388 |
6143.992 |
|
|
TOTAL IMPORTS |
10918.644 |
10351.388 |
6143.992 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.95 |
6.73 |
7.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.48
|
0.39 |
0.58
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.71 |
0.95
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.80
|
1.21 |
1.30
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.14 |
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.66
|
1.43 |
1.23
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.07 |
1.22
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note
The registered office of the company has been shifted from
No.5,
REVIEW OF
OPERATIONS
The company is entering
its 15th year of operations and has grown from strength to strength.
Their Company has further consolidated its position in volumes as the Second
largest Importer of non-coking coal in India.
The company has
recorded a turnover of Rs.13875.700 Millions and Net Profit After Tax of
Rs.67.100 Millions during the Financial Year 2011-12. The company successfully
won and completed major order from MAHAGENCO (9 Lac MT) during the year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
CHARGE HOLDER |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10238535 |
26/06/2013 * |
500,000,000.00 |
STANDARD CHARTERED BANK |
19 RAJAJI SALAI, CHENNAI, TAMIL NADU - 600001, INDIA |
B79170205 |
|
2 |
10123316 |
29/06/2013 * |
1,661,410,000.00 |
ING VYSYA BANK LIMITED |
185, ANNA SALAI, NEAR TVS, CHENNAI, TAMIL NADU - 600006, INDIA |
B79897765 |
|
3 |
10132967 |
24/06/2008 |
15,000,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI BANK TOWERS, BANDRA-KURLA, COMPLEX, MUMBAI |
A43510452 |
|
4 |
10092179 |
18/12/2007 |
22,000,000.00 |
ICICI BANK LIMITED |
A-78, 1ST FLOOR, 3RD AVENUE, ANNA NAGAR, CHENNAI |
A30173025 |
|
5 |
10057660 |
26/09/2011 * |
4,690,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B23131691 |
|
6 |
80033101 |
04/08/2012 * |
300,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B56825631 |
|
7 |
90290932 |
12/05/2008 * |
1,735,000,000.00 |
INDIAN OVERSEAS BANK |
NEHRU PARK BRANCH, 872, POONAMALLEE HIGH ROAD, CHENNAI, TAMIL NADU - 600084, INDIA |
A40702086 |
|
8 |
90288536 |
14/12/2005 * |
1,000,000,000.00 |
INDIAN OVERSEAS BANK |
NEHRU PARK BRANCH, 872; POONAMALLEE HIGH ROAD, CHENNAI, TAMIL NADU - 600084, INDIA |
- |
|
9 |
90289573 |
29/12/2009 * |
260,000,000.00 |
STATE BANK OF MYSORE |
CHENNAI MAIN BRANCH, 231 N S C BOSE ROAD, CHENNAI, TAMIL NADU - 600001, INDIA |
A77226702 |
|
10 |
80010834 |
23/07/2006 * |
345,000,000.00 |
ICICI BANK LTD |
ICICI TOWERS, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
11 |
90287886 |
23/11/2011 * |
300,000,000.00 |
JAMMU AND KASHMIR BANK LIMITED |
(CORPORATE HEADQUARTERS),M.A.ROAD,SRINAGAR,KASHMIR, SRINAGAR, JAMMU AND KASHMIR - 190001, INDIA |
B28356582 |
|
12 |
80022194 |
22/03/2013 * |
1,750,000,000.00 |
CORPORATION BANK |
GEORGE TOWN BRANCH, 101 ARMENIAN STREET, CHENNAI, TAMIL NADU - 600001, INDIA |
B73218349 |
* Date of charge modification
FIXED ASSETS
- Land and
Building
- Plant and
Machinery
- Furniture and
Fixtures
- Cycle
- Motor Car
- Computers
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. 61.49 |
|
|
1 |
Rs. 99.41 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
45 |
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.