MIRA
INFORM REPORT
|
Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAJPROTIM AGENCIES PRIVATE LIMITED |
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Registered
Office : |
49/89, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.07.2003 |
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Com. Reg. No.: |
21-096541 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
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CIN No.: [Company Identification
No.] |
U51109WB2003PTC096541 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALR05000C |
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PAN No.: [Permanent Account No.] |
AACCR8754P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in C & F and Transportation
Business. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Company has performed well. Overall financial position of the company
is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mrs. Bhattacharya |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9831275307 |
|
Date : |
06.08.2014 |
LOCATIONS
|
Registered Office : |
49/89, Prince Golam Mohammad Shah Road, Golf Garden, Kolkata –
700033, West Bengal, India |
|
Tel. No.: |
91-33-55219895/ 24296677/ 24229229/ 65219895 |
|
Mobile No.: |
91-9831275307 [Mrs. Bhattacharya] |
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Fax No.: |
91-33-24229519 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Partha Pratim Banerjee |
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|
Designation : |
Managing director |
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|
Address : |
40/1E, Dharmatala Road, Kasba, Kolkata – 700042, West Bengal, India |
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Date of Birth/Age : |
22.01.1965 |
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Date of Appointment : |
28.03.2012 |
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Voter ID No.: |
WB/23/153/402786 |
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DIN No.: |
00609961 |
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Other Directorship :
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||||||||||||||||||||||||
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Name : |
Mrs. Rajashree Banerjee |
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Designation : |
Director |
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|
Address : |
40/1E, Dharmatala Road, Kasba, Kolkata – 700042, West Bengal, India |
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Date of Birth/Age : |
23.03.1972 |
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Date of Appointment : |
08.07.2003 |
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Voter ID No.: |
WB/23/152/402722 |
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|
DIN No.: |
00609948 |
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KEY EXECUTIVES
|
Name : |
Mrs. Bhattacharya |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Partha Pratim Banerjee |
42000 |
84.00 |
|
Rajashree Banerjee |
5000 |
10.00 |
|
Purnima Banerjee |
3000 |
6.00 |
|
|
|
|
|
Total |
50000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in C & F and Transportation
Business. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India Kotak Mahindra Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
· Sundaram Finance Limited 21 Patullos Road, Chennai - 600002, Tamilnadu, India · Tata Motors Finance SREI Finance |
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Auditors : |
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|
Name : |
P. Karmakar and Company Chartered Accountants |
|
Address : |
42, Selimpur Road, 1st Floor, Kolkata – 700031, West Bengal, India |
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Tel. No.: |
91-33-24158601 |
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Mobile No.: |
91-9836374134 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AEQPK2413M |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 9.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 7.000
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
1.000 |
|
(b) Reserves & Surplus |
48.404 |
19.225 |
14.180 |
|
(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) |
53.404 |
24.225 |
15.180 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
126.534 |
89.430 |
55.164 |
|
(b) Deferred tax liabilities (Net) |
1.671 |
1.246 |
1.019 |
|
(c) Other long
term liabilities |
2.409 |
1.306 |
1.065 |
|
(d) long-term
provisions |
20.990 |
16.855 |
24.357 |
|
Total Non-current
Liabilities (3) |
151.604 |
108.837 |
81.605 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
33.482 |
35.974 |
26.932 |
|
(b)
Trade payables |
32.001 |
22.849 |
12.472 |
|
(c)
Other current liabilities |
16.495 |
17.133 |
13.906 |
|
(d) Short-term
provisions |
2.813 |
2.716 |
2.226 |
|
Total Current
Liabilities (4) |
84.791 |
78.672 |
55.536 |
|
|
|
|
|
|
TOTAL |
289.799 |
211.734 |
152.321 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
131.616 |
102.438 |
68.578 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
50.275 |
30.431 |
30.247 |
|
(e) Other
Non-current assets |
2.175 |
1.197 |
1.022 |
|
Total Non-Current
Assets |
184.066 |
134.066 |
99.847 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
91.310 |
59.704 |
42.457 |
|
(d) Cash
and cash equivalents |
2.390 |
0.452 |
0.829 |
|
(e)
Short-term loans and advances |
9.039 |
16.534 |
9.013 |
|
(f)
Other current assets |
2.994 |
0.978 |
0.175 |
|
Total
Current Assets |
105.733 |
77.668 |
52.474 |
|
|
|
|
|
|
TOTAL |
289.799 |
211.734 |
152.321 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations [Net] |
469.979 |
323.671 |
233.264 |
|
|
|
Other Income |
23.801 |
0.943 |
0.925 |
|
|
|
TOTAL (A) |
493.780 |
324.614 |
234.189 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
72.666 |
45.793 |
0.000 |
|
|
|
Operating expenses |
235.439 |
161.504 |
116.684 |
|
|
|
Administrative and Other expenses |
83.130 |
62.324 |
80.205 |
|
|
|
TOTAL (B) |
391.235 |
269.621 |
196.889 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
102.545 |
54.993 |
37.300 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.409 |
19.761 |
14.394 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
75.136 |
35.232 |
22.906 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
42.816 |
26.759 |
15.756 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
32.320 |
8.473 |
7.150 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.141 |
3.427 |
2.569 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
29.179 |
5.046 |
4.581 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
4.225 |
2.179 |
0.598 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
3.000 |
3.000 |
|
|
BALANCE CARRIED
TO THE B/S |
28.404 |
4.225 |
2.179 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
583.58 |
100.92 |
458.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.91 |
1.55 |
1.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.88 |
2.62 |
3.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.15 |
4.00 |
4.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61 |
0.35 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.00 |
5.18 |
5.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
0.99 |
0.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
14.180 |
19.225 |
48.404 |
|
Net
worth |
15.180 |
24.225 |
53.404 |
|
|
|
|
|
|
long-term borrowings |
55.164 |
89.430 |
126.534 |
|
Short term borrowings |
26.932 |
35.974 |
33.482 |
|
Total
borrowings |
82.096 |
125.404 |
160.016 |
|
Debt/Equity ratio |
5.408 |
5.177 |
2.996 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
233.264 |
323.671 |
469.979 |
|
|
|
38.757 |
45.203 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
233.264 |
323.671 |
469.979 |
|
Profit |
4.581 |
5.046 |
29.179 |
|
|
1.96% |
1.56% |
6.21% |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10467130 |
29/11/2013 |
4,828,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B92373166 |
|
2 |
10445587 |
04/07/2013 |
2,151,989.00 |
DAIMLER
FINANCIAL SERVICES INDIA PRIVATE LIMITED |
UNIT 202, 2ND FLOOR,
CAMPUS 3B,RMZ MILLENNIA, BUSINESS PARK, NO.143, DR. M.G.R.ROAD, PERUNGUDI,
CHENNAI, TAMILNADU - 600096, INDIA |
B83332676 |
|
3 |
10426004 |
30/04/2013 |
9,716,700.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B75225409 |
|
4 |
10427746 |
22/04/2013 |
4,175,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B75788877 |
|
5 |
10427785 |
22/04/2013 |
4,175,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B75798611 |
|
6 |
10427611 |
22/04/2013 |
8,576,490.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B75783290 |
|
7 |
10419873 |
22/03/2013 |
2,737,514.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B73240004 |
|
8 |
10487515 |
30/01/2013 |
1,162,404.00 |
SUNDARAM FINANCE
LIMITED |
21 PATULLOS
ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
B82129727 |
|
9 |
10487518 |
30/01/2013 |
1,162,404.00 |
SUNDARAM FINANCE
LIMITED |
21 PATULLOS ROAD,
CHENNAI, TAMIL NADU - 600002, INDIA |
B82133554 |
|
10 |
10487533 |
30/01/2013 |
1,162,404.00 |
SUNDARAM FINANCE
LIMITED |
21 PATULLOS
ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
B82150699 |
|
11 |
10487568 |
30/01/2013 |
1,162,404.00 |
SUNDARAM FINANCE
LIMITED |
21 PATULLOS
ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
B82145061 |
|
12 |
10396939 |
22/12/2012 |
2,821,693.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B65870768 |
|
13 |
10314399 |
15/09/2011 |
9,371,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B24018582 |
|
14 |
10296604 |
01/07/2011 |
5,450,500.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B16663809 |
|
15 |
10263657 |
27/12/2010 |
3,117,459.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B04801718 |
|
16 |
10251243 |
30/10/2010 |
1,709,080.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A99182586 |
|
17 |
10251681 |
30/10/2010 |
1,709,080.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A99279515 |
|
18 |
10254150 |
20/10/2010 |
1,714,506.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B00980987 |
|
19 |
10243030 |
23/08/2010 |
3,175,586.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A95649828 |
|
20 |
10236901 |
30/07/2010 |
1,867,998.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A93197804 |
|
21 |
10236866 |
30/07/2010 |
2,530,676.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A93197119 |
|
22 |
10205623 |
27/02/2014 * |
90,213,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C11445764 |
|
23 |
10127129 |
20/10/2008 |
200,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48827091 |
|
24 |
10127133 |
20/10/2008 |
220,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48825699 |
|
25 |
10127132 |
20/10/2008 |
230,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48824551 |
|
26 |
10127128 |
20/10/2008 |
241,622.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48825194 |
|
27 |
10127146 |
20/10/2008 |
453,250.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48822100 |
|
28 |
10127135 |
20/10/2008 |
508,823.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48831226 |
|
29 |
10127910 |
20/10/2008 |
508,823.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A49730328 |
|
30 |
10127106 |
20/10/2008 |
524,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48820278 |
|
31 |
10127136 |
20/10/2008 |
562,489.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48832364 |
|
32 |
10127156 |
20/10/2008 |
562,489.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48883250 |
|
33 |
10127134 |
20/10/2008 |
566,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48827919 |
|
34 |
10127160 |
20/10/2008 |
609,173.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48885073 |
|
35 |
10127130 |
20/10/2008 |
647,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48818389 |
|
36 |
10127131 |
20/10/2008 |
764,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48819734 |
|
37 |
10127107 |
20/10/2008 |
798,000.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48821326 |
|
38 |
10127157 |
20/10/2008 |
884,836.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48884027 |
|
39 |
10127158 |
20/10/2008 |
884,836.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48884506 |
|
40 |
10127239 |
04/09/2008 |
4,009,895.00 |
HDFC BANK
LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A48740385 |
|
41 |
10106397 |
08/05/2008 |
965,846.00 |
CITICORP FINANCE
(I) LIMITED |
"METRO
PLAZA", 7TH FLOOR, 1 HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071,
INDIA |
A38062790 |
|
42 |
10106569 |
05/05/2008 |
1,193,442.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A38065355 |
|
43 |
10106564 |
05/05/2008 |
3,443,442.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A38063491 |
|
44 |
10097698 |
06/03/2008 |
589,930.00 |
CITICORP FINANCE
(I) LIMITED |
"METRO
PLAZA", 7TH FLOOR, 1 HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071,
INDIA |
A35511310 |
|
45 |
10097697 |
06/03/2008 |
1,577,078.00 |
CITICORP FINANCE
(I) LIMITED |
"METRO
PLAZA", 7TH FLOOR, 1 HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A35511054 |
|
46 |
10096910 |
29/02/2008 |
784,223.00 |
CITICORP FINANCE
(I) LIMITED |
7TH FLOOR, METRO
PLAZA, 1, HO CHI MINH SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
A34959577 |
|
47 |
10069283 |
26/09/2007 |
1,028,027.00 |
CITICORP FINANCE
(I) LIMITED |
1, HO CHI MINH
SARANI, 7TH FLOOR, METRO PLAZA, KOLKATA, WEST BENGAL - 700071, INDIA |
A23876808 |
|
48 |
10071358 |
31/08/2007 |
708,405.00 |
CITICORP FINANCE
(I) LIMITED |
1, HO CHI MINH SARANI,
7TH FLOOR, METRO PLAZA, KOLKATA, WEST BENGAL - 700071, INDIA |
A24766107 |
|
49 |
10065157 |
31/08/2007 |
757,595.00 |
CITICORP FINANCE
(I) LIMITED |
1, HO CHI MINH
SARANI, 7TH FLOOR, METRO PLAZA, KOLKATA, WEST BENGAL - 700071, INDIA |
A21886841 |
|
50 |
10072149 |
30/08/2007 |
674,324.00 |
CITICORP FINANCE
(I) LIMITED |
1, HO CHI MINH
SARANI, 7TH FLOOR, METRO PLAZA, KOLKATA, WEST BENGAL - 700071, INDIA |
A24872665 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Associates |
0.000 |
15.298 |
|
|
|
|
|
Total |
0.000 |
15.298 |
BACKGROUND
Subject is a private limited closely held company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company was incorporated on 18th July, 2003 in the state of West Bengal. The Company is engaged in C&F and Transportation Business.
PERFORMANCE REVIEW
During the year, the Company has achieved a substantial growth in terms of revenue earned. The total revenue for the year ended 31st March, 2013 stood at Rs. 470.000 Millions against Rs. 323.700 Millions in the previous year, registering a growth of 45%. The Net Profit before taxation for the financial year stood at Rs. 32.318 Millions as against Rs. 8.473 Millions in the previous year.
As per their expectation they have able to achieve their target after a major thrust given on the marketing efforts in various activities and also hope that some Branches activities will continue to record a stable performance by the end of the current financial year barring unforeseen circumstances.
FINANCE
During the year, the operational fund requirement of the
company was being met by Bank Loan from different banks and out of generation
of its own plough back profit.
FIXED ASSETS:
· Land
Building
Equipment,
Furniture, Fridge, AC Machine etc.
Vehicle
Tracking Machine Car
Heavy
Vehicles
Computer
and Peripherals
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. 61.34 |
|
|
1 |
Rs. 103.44 |
|
Euro |
1 |
Rs. 81.96 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.