MIRA
INFORM REPORT
|
Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
BLR LOGISTIKS (I) LIMITED (w.e.f. 02.09.2009) |
|
|
|
|
Formerly Known
As : |
BLR INDIA LIMITED (w.e.f. 13.07.2009) BLR INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
39, Fancy Chambers, 94 Surat Street, Mumbai – 400009, Maharashtra |
|
|
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.07.1989 |
|
|
|
|
Com. Reg. No.: |
11-052533 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 101.895 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63010MH1989PLC052533 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB3002G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Subject is engaged in providing Logistic and Transportation Services. |
|
|
|
|
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 3600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appears drastic dip in its profitability during 2012. However, general financial position seems to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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) |
|
India |
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 Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
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 India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = BBB |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of financial
obligation it carry moderate credit risk |
|
Date |
January, 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.
LOCATIONS
|
Registered Office : |
39, Fancy Chambers, 94 Surat Street, Mumbai – 400009, Maharashtra,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
B 115/ 117, Virwani industrial estate, Western Express Highway Goregaon (East), Mumbai - 400 063, Maharashtra, India |
|
Tel. No.: |
91-22-40419090 |
|
Fax No.: |
91 -22-6698-1844 |
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|
|
|
Office Network |
Located At · Jammu and Kashmir · Punjab · Uttranchal · Himachal Pradesh · Rajasthan · Uttranchal · New Delhi · Uttar Pradesh · Gujarat · Jharkhand · West Bengal · Assam · Maharashtra · Madhya Pradesh · Chhattisgarh · Orissa · Andhra Pradesh · Goa · Karnataka · Tamilnadu ·
Kerala |
|
|
|
|
Warehouse City
Network |
Located At · Jammu and Kashmir · Punjab · Rajasthan · New Delhi · Uttar Pradesh · Gujarat · West Bengal · Assam · Maharashtra · Madhya Pradesh · Andhra Pradesh · Karnataka ·
Kerala |
|
|
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ashok Lalchand Goyal |
|
Designation : |
Managing Director |
|
Date of Appointment : |
10.07.1989 |
|
DIN No.: |
00009911 |
|
PAN No.: |
AAFPG8896D |
|
|
|
|
Name : |
Ms. Nilu Ashok Goyal |
|
Designation : |
Director |
|
Date of Appointment : |
27.12.2003 |
|
DIN No.: |
00009941 |
|
PAN No.: |
AFYPG4748J |
|
|
|
|
Name : |
Mr. Mohan Gulabrai Menghani |
|
Designation : |
Director |
|
Date of Appointment : |
14.01.2006 |
|
DIN No.: |
00009855 |
|
PAN No.: |
AFDPM4183N |
|
|
|
|
Name : |
Mr. Purshotham Tekchand Sharma |
|
Designation : |
Director |
|
Date of Appointment : |
27.05.1997 |
|
DIN No.: |
02541139 |
|
PAN No.: |
AADPS0409A |
|
|
|
|
Name : |
Mr. Manish Chhajed |
|
Designation : |
Nominee Director |
|
Date of Appointment : |
02.06.2009 |
|
DIN No.: |
02549768 |
|
|
|
|
Name : |
Mr. Sanjay Gopal Rane |
|
Designation : |
Additional Director |
|
Date of Appointment : |
28.06.2011 |
|
DIN No.: |
03612077 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of
Shareholders (Equity Shares) |
|
No. of Shares |
|
Ashok Goyal |
|
635880 |
|
Chameli Goyal |
|
855800 |
|
Lalchand Goyal |
|
937020 |
|
Nilu Goyal |
|
633600 |
|
Ashok Goyal HUF |
|
78400 |
|
Lalchand Goyal HUF |
|
103600 |
|
Mangal Bhawan Holdings Limited |
|
2618600 |
|
Gautam Suri |
|
60000 |
|
Mansingh Jaswal |
|
60000 |
|
Dinesh Kedia JT. Neeta Kedia |
|
50000 |
|
Gunjan Kataruka |
|
50000 |
|
Sonata Investments Limited |
|
1622012 |
|
Ashadeep Properties Private Limited |
|
1590200 |
|
Abhishek Goyal |
|
404000 |
|
Aakash Goyal (Guardian: Nilu Goyal) |
|
404000 |
|
Total |
|
10103112 |
|
Names of Shareholders
(Preference Shares) |
|
No. of Shares |
|
Mangal Bhawan Holdings Limited |
|
8642 |
|
Total |
|
8642 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
57.71 |
|
Directors or relatives of Directors |
40.11 |
|
Other top fifty shareholders |
2.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing Logistic and
Transportation Services. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Vadodara - 390015, Gujarat, India · Punjab National Bank, Large Corporate Branch, Maker Tower 'E', Ground Floor, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Citi Bank N.A, Citibank Center, 2nd Floor; Bandra Kurla Complex, Mumbai, Maharashtra, India · The Ratnakar Bank Limited, Shahupuri,Kolhapur, Kolhapur - 416001, Maharashtra, India · Central Bank of India, P.D. Mello Road, Textile Center, Mumbai, Maharashtra, India · The Shamaro Vithal Co-Oprative Bank Limited, Mandvi, Mumbai, Maharashtra, India · ABN Amro Bank N. V., 74, Sakhar Bhavan, 7th Floor, Nariman Point,, Mumbai - 400021, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
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|
|
|
Financial Institution : |
Citicorp Finance (India) Limited, 2nd Floor, Cititower, 61. Dr. S. S. Rao Road, Parel, Mumbai - 400012, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Sirsalewala and Associates Chartered Accountants |
|
Address : |
309/311, Pandya Mansion, 3rd Floor, 625 J S S Road, Dhobi
Talao, Mumbai- 400002, Maharashtra, India |
|
PAN No.: |
AARFS8889E |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
· Bombay Ludhiana Roadways · Mangal Bhawan Holdings Limited · All India Road Transport Company ·
Nilu Warehousing Corporation |
|
|
|
|
Subsidiary Company
: |
BLR Supply Chain Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
300000 |
Preference Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
Total |
|
Rs.150.000 Millions
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10103112 |
Equity Shares |
Rs.10/- each |
Rs.101.031
Millions |
|
8642 |
Preference Shares |
Rs.100/- each |
Rs.0.864
Million |
|
|
Total |
|
Rs.101.895 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 |
|
101.895 |
101.895 |
|
(b) Reserves & Surplus |
|
820.282 |
801.707 |
|
(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) |
|
922.177 |
903.602 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
153.207 |
194.631 |
|
(b) Deferred tax liabilities (Net) |
|
27.800 |
27.550 |
|
(c) Other long term liabilities |
|
19.684 |
16.054 |
|
(d) long-term provisions |
|
187.365 |
174.815 |
|
Total Non-current Liabilities (3) |
|
388.056 |
413.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
547.635 |
470.770 |
|
(b) Trade payables |
|
65.483 |
51.703 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
116.944 |
151.627 |
|
Total Current Liabilities (4) |
|
730.062 |
674.100 |
|
|
|
|
|
|
TOTAL |
|
2040.295 |
1990.752 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
618.326 |
655.727 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
64.495 |
31.942 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.534 |
5.535 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
280.841 |
265.101 |
|
(e) Other Non-current assets |
|
0.320 |
0.049 |
|
Total Non-Current Assets |
|
969.516 |
958.354 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1.540 |
7.974 |
|
(c) Trade receivables |
|
875.680 |
849.976 |
|
(d) Cash and cash
equivalents |
|
72.167 |
61.172 |
|
(e) Short-term loans and
advances |
|
121.392 |
113.276 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1070.779 |
1032.398 |
|
|
|
|
|
|
TOTAL |
|
2040.295 |
1990.752 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
101.895 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
716.544 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
818.439 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
677.354 |
|
|
2] Unsecured Loans |
|
|
4.967 |
|
|
TOTAL BORROWING |
|
|
682.321 |
|
|
DEFERRED TAX LIABILITIES |
|
|
19.150 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1519.910 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
551.467 |
|
|
Capital work-in-progress |
|
|
10.502 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.535 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
800.534 |
|
|
Cash & Bank Balances |
|
|
57.712 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
347.803 |
|
Total
Current Assets |
|
|
1206.049 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
84.013 |
|
|
Other Current Liabilities |
|
|
31.131 |
|
|
Provisions |
|
|
138.765 |
|
Total
Current Liabilities |
|
|
253.909 |
|
|
Net Current Assets |
|
|
952.140 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.266 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1519.910 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2824.311 |
2724.559 |
2390.909 |
|
|
|
Other Income |
1.622 |
10.918 |
6.419 |
|
|
|
TOTAL (A) |
2825.933 |
2735.477 |
2397.328 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
121.074 |
98.230 |
2158.724 |
|
|
|
Other expenses |
2488.474 |
2345.578 |
|
|
|
|
TOTAL (B) |
2609.548 |
2443.808 |
2158.724 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
216.385 |
291.669 |
238.604 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
95.496 |
86.657 |
67.648 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
120.889 |
205.012 |
170.956 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
88.361 |
74.246 |
55.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
32.528 |
130.766 |
115.918 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.800 |
44.450 |
29.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
19.728 |
86.316 |
86.480 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.95 |
8.54 |
NA |
|
%20LIMITED%20-%20234292%2004-Sep-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.70
|
3.16 |
3.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.15
|
4.80 |
4.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.65
|
6.69 |
6.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.76
|
0.74 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.53 |
4.75 |
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 |
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 |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from B
115/ 117, Virwani industrial estate, Western Express Highway Goregaon (East),
Mumbai - 400 063, Maharashtra, India to present address w.e.f.30.05.2009
PERFORMANCE:
The performance of the Company was impacted by the general economic downturn and the diesel price hike which could not be passed on in a timely and adequate manner to the customers. The top-line grew marginally from Rs.2724.559 Millions in 2010-2011 to 2824.311 Millions in 2011-2012. However, the bottom-line shrunk from Rs.130.766 Millions in 2010-2011 to Rs.32.528 Millions in 2011-2012.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term borrowings |
|
|
|
Term loans from others |
3.509 |
8.027 |
|
Total |
3.509 |
8.027 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10400446 |
06/08/2013 * |
110,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B82806225 |
|
2 |
10322956 |
10/02/2013 * |
80,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B71135081 |
|
3 |
10312731 |
30/09/2011 |
2,041,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B23407760 |
|
4 |
10299892 |
08/07/2011 |
2,596,500.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B17952821 |
|
5 |
10295333 |
10/02/2013 * |
260,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B68346782 |
|
6 |
10284687 |
19/04/2011 |
510,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B11817962 |
|
7 |
10282037 |
23/03/2011 |
2,814,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B10740587 |
|
8 |
10273321 |
09/02/2011 |
855,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B07608862 |
|
9 |
10268528 |
12/01/2011 |
20,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B06031033 |
|
10 |
10266705 |
01/01/2011 |
4,238,430.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B05426069 |
|
11 |
10260395 |
29/12/2010 |
645,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B03289741 |
|
12 |
10263943 |
06/08/2012 * |
155,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B57217630 |
|
13 |
10258822 |
08/12/2010 |
2,175,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B01848753 |
|
14 |
10255180 |
18/11/2010 |
1,375,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A99297418 |
|
15 |
10256571 |
18/11/2010 |
1,375,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A99693038 |
|
16 |
10246702 |
06/10/2010 |
22,570,896.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A96202619 |
|
17 |
10242414 |
23/09/2010 |
6,020,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A95798435 |
|
18 |
10242413 |
23/09/2010 |
14,140,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A95798278 |
|
19 |
10234016 |
06/08/2010 |
1,485,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A91593889 |
|
20 |
10224792 |
15/06/2010 |
1,350,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A87573275 |
|
21 |
10224793 |
15/06/2010 |
2,880,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A87573960 |
|
22 |
10223807 |
03/06/2010 |
2,580,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A87185005 |
|
23 |
10202777 |
18/02/2010 |
3,710,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A79656393 |
|
24 |
10182169 |
22/10/2009 |
4,940,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A71770630 |
|
25 |
10171971 |
31/07/2009 |
1,246,900.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A67593459 |
|
26 |
10171168 |
28/07/2009 |
4,234,500.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A67081521 |
|
27 |
10165979 |
02/07/2009 |
5,875,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A65438079 |
|
28 |
10163726 |
05/06/2009 |
2,565,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A64423460 |
|
29 |
10154258 |
17/03/2009 |
5,875,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
A60765534 |
|
30 |
10114579 |
02/07/2008 |
6,185,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A42097907 |
|
31 |
10076595 |
28/02/2013 * |
180,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B69641595 |
|
32 |
10064426 |
28/03/2009 * |
125,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,
DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - |
A61446225 |
|
33 |
10049909 |
28/03/2007 |
23,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A14863708 |
|
34 |
10006859 |
24/09/2008 * |
110,000,000.00 |
ABN AMRO BANK N V |
74, SAKHAR BHAVAN,, 7TH FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A47095831 |
* Date of charge modification
FIXED ASSETS
· Buildings
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other 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 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.65.89 |
|
|
1 |
Rs.103.95 |
|
Euro |
1 |
Rs.88.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.