MIRA
INFORM REPORT
|
Report Date : |
31.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
CITY CORPORATION LIMITED |
|
|
|
|
Formerly Known As : |
CITY DEVELOPERS AND PROMOTERS LIMITED |
|
|
|
|
Registered
Office : |
City Chambers, 917/19A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.10.2003 |
|
|
|
|
Com. Reg. No.: |
11-018435 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.371.471
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202PN2003PLC018435 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC05334A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC2820K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate
Developer and Builder. |
|
|
|
|
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 10000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating
takes into consideration modest net worth and risk of construction industry. However, trade relations are reported as fair. Business is active.
Payments are reported to be 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.
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the spending
capacity in India. Over 72 % respondents from middle and lower middle income
families would be forced to slash their Diwali expenditure by 40 % and on
average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B+ (Long Term Rating) |
|
Rating Explanation |
High risk of default. |
|
Date |
30.05.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety it carry high
credit risk. |
|
Date |
30.05.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (EMPLOYEE PROVIDENT FUND) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
Management Non Cooperative. (91-20-30410000)
LOCATIONS
|
Registered Office : |
City Chambers, 917/19A, |
|
Tel. No.: |
91-20-30410000/ 25654555 / 25674310 / 30524313 |
|
Fax No.: |
91-20-25657555 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Lalitbhai Chunilal Adani |
|
Designation : |
Director |
|
Address : |
3 – B Swapnalok, 47 , Napean Sea Road, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
24.02.1958 |
|
Date of Appointment : |
02.06.2005 |
|
DIN No.: |
00014169 |
|
|
|
|
Name : |
Mr. Aniruddha Pradyumna Deshpande |
|
Designation : |
Managing Director |
|
Address : |
D- 301 , Modi Baug, Ganesh Khinde Road, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
29.03.1960 |
|
Date of Appointment : |
09.10.2003 |
|
DIN No.: |
00023026 |
|
PAN No.: |
AAPPD2272A |
|
|
|
|
Name : |
Mr. Arun Kumar Ramniklal Mehta |
|
Designation : |
Director |
|
Address : |
25-B, Cliff, Ridge Road, B G Kher Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
09.01.1940 |
|
Date of Appointment : |
02.11.2004 |
|
DIN No.: |
00049700 |
|
|
|
|
Name : |
Mr. Bimal Jayant Parekh |
|
Designation : |
Director |
|
Address : |
6, Ajanta, L D Ruparel Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1960 |
|
Date of Appointment : |
29.10.2004 |
|
DIN No.: |
00060885 |
|
|
|
|
Name : |
Mr. Jayant Hiralal Shah |
|
Designation : |
Director |
|
Address : |
Plot No.11, Sujay Garden, 12 Mukundnagar, Pune – 411037, Maharashtra, India |
|
Date of Birth/Age : |
09.11.1960 |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00185389 |
|
PAN No.: |
AEGPS3036L |
|
|
|
|
Name : |
Mr. Aditya Aniruddha Deshpande |
|
Designation : |
Whole-time director |
|
Address : |
D- 301 , Modi Baug, Ganesh Khinde Road, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1986 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00736021 |
|
PAN No.: |
AILPD3328F |
KEY EXECUTIVES
|
Name : |
Mr. Kamaljeet Kaur Kripalsingh Siddhu |
|
Designation : |
Secretary |
|
Address : |
Flat No 701, Tower 16, Sector R4, Amanora Park Town, Hadapsar-Kharadi Bypass, Pune - 4110028, Maharashtra, India |
|
Date of Birth/Age : |
05.09.1978 |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AEWPR4505D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Deshpande Pradyumna Aniruddha |
|
3590000 |
|
Deshpande Aniruddha Sona |
|
90000 |
|
M Suresh Exports Private Limited, India |
|
4000000 |
|
Belindia Finance and Investments Private Limited, India |
|
3500304 |
|
Lap Finance and Consultancy Private Limited, India |
|
2560000 |
|
City Holdings Private Limited, India |
|
960000 |
|
Namratta Film Enterprises Private Limited, India |
|
800000 |
|
Shah Hiralal Jayant |
|
2540883 |
|
Radison Estates Private Limited, India |
|
500000 |
|
Bhansali Amit Rishikumar |
|
470284 |
|
Pethani Rameshchandra Nilesh |
|
470588 |
|
Pune Promoters Private Limited, India |
|
1882353 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Deshpande Pradyumna Aniruddha |
|
1040000 |
|
Belindia Finance And Investments Private Limited, India |
|
3896875 |
|
M Suresh Exports Private Limited, India |
|
3896875 |
|
Lap Finance and Consultancy Private Limited, India |
|
2209375 |
|
Namratta Film Enterprises Private Limited, India |
|
320000 |
|
City Holdings Private Limited, India |
|
1724375 |
|
Shah Hiralal Jayant |
|
2412500 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
66.92 |
|
Directors or relatives of Directors |
28.74 |
|
Other top fifty shareholders |
4.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate
Developer and Builder. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||
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|
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|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · Punjab National Bank, Maker Towers, 'E', Ground Floor, Cuffe Parade, Mumbai - 400005, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SPCM and Associates Chartered Accountants |
|
Address : |
207, NAV Maharashtra House, Pune – 411030, Maharashtra, India |
|
PAN No.: |
AABFB8864C |
|
|
|
|
Associates: |
N.S. Sure and Pure Launderette LLP |
|
|
|
|
Subsidiary
companies : |
· Ama Nora Hospitality Limited CIN No.: U55204PN2007PLC130209 · Amanora Park T O W N Infrastructure Services Limited CIN No.: U45203PN2007PLC130505 · Amanora Future Towers Private Limited CIN No.: U45200PN2012PTC142417 · City Development Corporation Private Limited CIN No.: U74900MH2011PTC224040 · City Vastu Projects Limited CIN No.: U45201MH1986PLC039949 · Eway Agro Products Limited CIN No.: U01403PN2008PLC132376 · Eway Foods and Greenhouses Limited CIN No.: U01403PN2008PLC132375 · Amanora Health Care Limited CIN No.: U85100PN2008PLC132514 |
|
|
|
|
Other related
parties: |
· Rosy Blue Securities Private Limited CIN No.: U65990MH1994PTC080450 · Yashomala Farming and Tourism Private Limited CIN No.: U01122PN1989PTC054431 · City Holdings Ltd CIN No.: U67120WB1975PLC030175 · B Arunkumar Capital And Credit Services Private Limited CIN No.: U67120MH1991PTC063321 · Belindia Finance And Investments Private Limited CIN No.: U65993MH2005PTC152862 · Cheay Investments Pvt Ltd CIN No.: U65990MH1984PTC032490 · M Suresh Company Private Limited CIN No.: U36910MH2004PTC149806 · M Suresh Exports Private Limited CIN No.: U36910MH1991PTC064190 · Priya Blue Industries Private Limited CIN No.: U24199GJ1994PTC021784 · Lap Finance And Consultancy Private Limited CIN No.: U67120MH1983PTC030829 · City Technology Park Private Limited CIN No.: U45201PN2005PTC021138 · E Way Developers And Agro Products Private Limited CIN No.: U01403PN2006PTC129148 · Ama N O R A Knowledge Foundation CIN No.: U80904PN2010NPL136215 · City Realty and Development Private Limited CIN No.: U45209PN2005PTC021147 · M Suresh Diamjewel Private Limited CIN No.: U36911GJ2011PTC065356 · Shree Gaurishankar Investment Private Limited CIN No.: U65990MH2000PTC124973 |
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 |
|
27750000 |
Preference Shares |
Rs.10/- each |
Rs.277.500 Millions |
|
|
Total |
|
Rs.577.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21647059 |
Equity Shares |
Rs.10/- each |
Rs.216.471
Millions |
|
15500000 |
Preference Shares |
Rs.10/- each |
Rs.155.000
Millions |
|
|
Total |
|
Rs.371.471 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 |
|
371.471 |
371.471 |
|
(b) Reserves & Surplus |
|
2204.561 |
2108.479 |
|
(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) |
|
2576.032 |
2479.950 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3259.634 |
2996.063 |
|
(b) Deferred tax liabilities (Net) |
|
1.550 |
0.728 |
|
(c) Other long term liabilities |
|
6.126 |
18.924 |
|
(d) long-term provisions |
|
5.866 |
4.632 |
|
Total Non-current Liabilities (3) |
|
3273.176 |
3020.347 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
766.767 |
910.848 |
|
(b) Trade payables |
|
899.383 |
836.241 |
|
(c) Other current
liabilities |
|
1875.030 |
1354.593 |
|
(d) Short-term provisions |
|
38.831 |
29.654 |
|
Total Current Liabilities (4) |
|
3580.011 |
3131.336 |
|
|
|
|
|
|
TOTAL |
|
9429.219 |
8631.633 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
141.920 |
143.193 |
|
(ii) Intangible Assets |
|
6.947 |
8.114 |
|
(iii) Capital
work-in-progress |
|
309.312 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
465.606 |
401.243 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1042.407 |
644.174 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1966.192 |
1196.724 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
7061.935 |
7083.644 |
|
(c) Trade receivables |
|
106.960 |
84.016 |
|
(d) Cash and cash equivalents |
|
103.728 |
97.748 |
|
(e) Short-term loans and
advances |
|
116.098 |
89.699 |
|
(f) Other current assets |
|
74.306 |
79.802 |
|
Total Current Assets |
|
7463.027 |
7434.909 |
|
|
|
|
|
|
TOTAL |
|
9429.219 |
8631.633 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
361.039 |
|
|
2] Share Application Money |
|
|
448.293 |
|
|
3] Reserves & Surplus |
|
|
1489.927 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2299.259 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1486.551 |
|
|
2] Unsecured Loans |
|
|
1675.903 |
|
|
TOTAL BORROWING |
|
|
3162.454 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.098 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5461.811 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
97.584 |
|
|
Capital work-in-progress |
|
|
0.816 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
324.402 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5693.639 |
|
|
Sundry Debtors |
|
|
41.173 |
|
|
Cash & Bank Balances |
|
|
79.249 |
|
|
Other Current Assets |
|
|
28.577 |
|
|
Loans & Advances |
|
|
720.131 |
|
Total
Current Assets |
|
|
6562.769 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
738.122 |
|
|
Other Current Liabilities |
|
|
761.262 |
|
|
Provisions |
|
|
24.617 |
|
Total
Current Liabilities |
|
|
1524.001 |
|
|
Net Current Assets |
|
|
5038.768 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.241 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5461.811 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2568.712 |
2303.679 |
1861.569 |
|
|
|
Other Income |
24.503 |
22.965 |
22.670 |
|
|
|
TOTAL (A) |
2593.215 |
2326.644 |
1884.239 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2262.186 |
|
1814.438 |
|
|
|
Employee benefit expense |
58.575 |
39.841 |
|
|
|
|
Other expenses |
78.503 |
110.967 |
|
|
|
|
TOTAL (B) |
2399.264 |
2159.705 |
1814.438 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
193.951 |
166.939 |
69.801 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.684 |
21.441 |
2.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
176.267 |
145.498 |
67.623 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.578 |
15.894 |
12.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
157.689 |
129.604 |
54.845 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
47.243 |
40.113 |
10.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
110.446 |
89.491 |
44.685 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
116.791 |
41.807 |
11.629 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
12.400 |
12.400 |
12.400 |
|
|
|
Tax on Dividend |
1.964 |
2.107 |
2.107 |
|
|
BALANCE CARRIED
TO THE B/S |
212.873 |
116.791 |
41.807 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.44 |
3.46 |
1.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.26
|
3.85 |
2.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.14
|
5.63 |
2.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.82
|
1.57 |
0.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.05 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.56
|
1.58 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08
|
2.37 |
4.31 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT: NOT AVAILABLE
|
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)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Bonds/debentures |
40.000 |
0.000 |
|
Deposits |
2153.180 |
1532.960 |
|
Loans and advances from related parties |
678.776 |
640.391 |
|
Total |
2871.956 |
2173.351 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured
|
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10451315 |
17/09/2013 |
58,550,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B85849271 |
|
2 |
10415024 |
28/02/2013 |
173,800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B71830939 |
|
3 |
10402243 |
14/02/2013 * |
70,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B68037019 |
|
4 |
10402242 |
07/01/2013 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B67809517 |
|
5 |
10402244 |
07/01/2013 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B67809582 |
|
6 |
10062130 |
29/07/2013 * |
75,000,000.00 |
Indian Bank |
NANA PETH, PUNE, Maharashtra - 411002, INDIA |
B81169146 |
* Date of charge modification
FIXED ASSETS:
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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.98.71 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
4 |
|
--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.