MIRA
INFORM REPORT
|
Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARGO MOTORS PRIVATE LIMITED |
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|
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Registered
Office : |
1/9-B, Jindal House, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.09.1959 |
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Com. Reg. No.: |
55-003124 |
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Capital
Investment / Paid-up Capital : |
Rs.750.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50101DL1959PTC003124 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC00804G |
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PAN No.: [Permanent Account No.] |
AAACC2744C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer for all range of TATA Vehicles |
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|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5300000 |
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|
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by low
profit margin and increased in the borrowings of the company during 2013. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
|
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 DENIED BY
|
Name : |
Mr. Anil Mahatma |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9978443462 |
|
Date : |
06.08.2014 |
LOCATIONS
|
Registered / Head Office : |
1/9-B, Jindal House, |
|
Tel. No.: |
91-11-23233022/ 23235397/ 23234781/ 23233674 |
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Fax No : |
91-11-23237395 |
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E-Mail : |
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|
Website : |
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|
Transportation and Logistic Division : |
CMPL Kumar Farm, Opposite Maruti Stock – Yard, Caterpu, Gurgaon (HR) |
|
Tel. No.: |
91-124-4104484 |
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Fax No.: |
91-124-4105483 |
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|
|
|
Branches : |
Located at ·
Ahmedabad ·
Amritsar ·
Batala ·
Balachour ·
Baroda ·
Bhogpur ·
Chandigarh ·
Greater Noida ·
Gurgaon ·
Jalandhar ·
Jaipur ·
Jamshedpur ·
Jalandhar ·
Jalandhar Cantt ·
Kapurthala ·
Mumbai · Nakodar ·
Nawanshar ·
New Delhi ·
Pathankot ·
Pune · Rudrapur |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Raj Kumar Nanda |
|
Designation : |
Chairman and Managing Director |
|
Address : |
16, Ring Road, Lajpatnagar – IV, New Delhi – 110024, India |
|
Date of Birth/Age : |
10.04.1932 |
|
Date of Appointment : |
08.09.1962 |
|
Din No.: |
0040228 |
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|
|
|
Name : |
Mr. Aditya Nanda |
|
Designation : |
Whole-time Director |
|
Address : |
16, Ring Road, Lajpatnagar – IV, New Delhi – 110024, India |
|
Date of Birth/Age : |
15.11.1980 |
|
Date of Appointment : |
01.04.2006 |
|
Din No.: |
00035037 |
|
|
|
|
Name : |
Mrs. Anita Nanda |
|
Designation : |
Director |
|
Address : |
16, Ring Road, Lajpatnagar – IV, New Delhi – 110024, India |
|
Date of Birth/Age : |
11.12.1959 |
|
Date of Appointment : |
31.12.1988 |
|
Din No.: |
00035231 |
|
|
|
|
Name : |
Mr. Vimal Gujral |
|
Designation : |
Executive Director |
|
Address : |
Plot No. 204, Sector-4, Gandhidham (Kutch) – 370201, Gujarat, India |
|
Date of Birth/Age : |
24.03.1950 |
|
Date of Appointment : |
03.11.1998 |
|
Din No.: |
00040201 |
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|
|
|
Name : |
Mr. Jayant Nanda |
|
Designation : |
Director |
|
Address : |
16, Ring Road, Lajpatnagar – IV, New Delhi – 110024, India |
|
Date of Birth/Age : |
10.12.1956 |
|
Date of Appointment : |
16.03.1983 |
|
Din No.: |
00056740 |
|
|
|
|
Name : |
Mr. Pravesh Nanda |
|
Designation : |
Director |
|
Address : |
16, Ring Road, Lajpatnagar – IV, New Delhi – 110024, India |
|
Date of Birth/Age : |
11.10.1953 |
|
Date of Appointment : |
27.09.1972 |
|
Din No.: |
00063679 |
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|
|
|
Name : |
Ms. Devki Nanda |
|
Designation : |
Director |
|
Address : |
16, Ring Road, Lajpatnagar – IV, New Delhi – 110024, India |
|
Date of Birth/Age : |
11.06.1987 |
|
Date of Appointment : |
19.12.2005 |
|
Din No.: |
00081333 |
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|
|
|
Name : |
Mr. Dhruv Batra |
|
Designation : |
Director |
|
Address : |
W-11, Greater Kailash-II, New Delhi, India |
|
Date of Birth/Age : |
26.11.1984 |
|
Date of Appointment : |
28.12.2009 |
|
Din No.: |
02700504 |
KEY EXECUTIVES
|
Name : |
Mr. Mohan Upreti |
|
Designation : |
Secretary |
|
Address : |
A-2/201, Hoover Apartments, Main Road, Sant Nagar, Delhil – 110024,
India |
|
Date of Birth/Age : |
15.10.1960 |
|
Date of Appointment : |
22.08.2007 |
|
Din No.: |
AABPU5652M |
|
|
|
|
Name : |
Mr. Anil Mahatma |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Y. P. Nanda (HUF) |
8400 |
|
Raj Kumar Nanda |
851600 |
|
Pravesh Nanda |
19000 |
|
Mukkul Nanda |
7000 |
|
Pramukh Nanda |
21000 |
|
Pranav Nanda |
20600 |
|
Jayant Nanda |
48379980 |
|
Jayant Nanda (HUF) |
20000 |
|
Anita Nanda |
11644950 |
|
Aditya Nanda |
7000850 |
|
Devki Nanda |
7000100 |
|
Chetna Batra |
5000 |
|
Asha Nanda |
500 |
|
O. P. Nanda |
500 |
|
Satish Nanda |
500 |
|
Anil Nanda |
3000 |
|
Jyotsna Suri |
1000 |
|
Preeti Wahi |
10 |
|
Vimal Gujral |
2000 |
|
Sunil Nanda |
500 |
|
Suman Dewan |
1000 |
|
Kewal Singh |
500 |
|
Sushilawati Agarwal |
6000 |
|
Karriers Finance Private Limited, India |
500 |
|
Pooja Gujral |
500 |
|
Narain Singh |
10 |
|
Dhurv Batra |
5000 |
|
|
|
|
Total |
75000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.85 |
|
Other top fifty shareholders |
0.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer for all range of TATA Vehicles |
|
|
|
|
Products : |
·
Domestic Transportation ·
Project Transport ·
Scheduled Transport ·
Milti Modal Transport ·
Customized Transport (Milk run, Hub and Spoke
etc.) |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· The Central Bank of India Ltd., Gandhidham, Kutch, Gujarat, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Ashok Khandelwal Associates Chartered Accountants |
|
Address : |
912-B, Indra Prakash, 21, |
|
Tel. No.: |
91-11-23319140 |
|
Mobile No.: |
91-9810313391 / 9312221061 |
|
Fax No.: |
91-11-23730523 |
|
E-Mail : |
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|
PAN No.: |
AACCC3798C |
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|
|
|
Subsidiary
company : |
·
Cargo Power and Infrastructure
Private Limited ·
Thermosol Glass Private Limited ·
Cargo Solar Power Private Limited ·
Cargo Solar Power (Gujrat) Private
Limited ·
Cargo Solar Power (Rajasthan) Private
Limited ·
Cargo Wind Power (Gujarat) Private
Limited ·
Yash Raj Ports Private Limited ·
Cargo Air Services Private Limited |
|
|
|
|
Companies
in which a director/directors is/are interested : |
·
Ka Karriers Finance Private Limited ·
Cargo Motors (Punjab) Private Limited ·
Cargo Motors (Rajasthan) Private
Limited ·
Three Sixty Lifestyle Private Limited ·
Thermosol Glass India Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
750.000 |
500.000 |
500.000 |
|
(b) Reserves & Surplus |
581.441 |
504.429 |
386.457 |
|
(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) |
1331.441 |
1004.429 |
886.457 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
718.881 |
540.890 |
147.198 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
2.668 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
718.881 |
540.890 |
149.866 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2107.517 |
1477.644 |
859.449 |
|
(b) Trade payables |
230.864 |
256.110 |
363.380 |
|
(c) Other current
liabilities |
292.197 |
217.823 |
123.900 |
|
(d) Short-term provisions |
41.440 |
59.747 |
44.463 |
|
Total Current Liabilities (4) |
2672.018 |
2011.324 |
1391.192 |
|
|
|
|
|
|
TOTAL |
4722.340 |
3556.643 |
2427.515 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
582.747 |
559.151 |
492.705 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
264.488 |
178.088 |
71.595 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
242.214 |
51.565 |
54.189 |
|
(c) Deferred tax assets (net) |
3.375 |
1.205 |
0.000 |
|
(d) Long-term Loan and Advances |
225.140 |
192.489 |
156.157 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1317.964 |
982.498 |
774.646 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1508.247 |
1505.442 |
832.452 |
|
(c) Trade receivables |
917.926 |
672.445 |
604.699 |
|
(d) Cash and cash
equivalents |
28.105 |
49.313 |
20.105 |
|
(e) Short-term loans and
advances |
950.098 |
346.945 |
195.613 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
3404.376 |
2574.145 |
1652.869 |
|
|
|
|
|
|
TOTAL |
4722.340 |
3556.643 |
2427.515 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
|
|
|
|
||
|
|
GROSS
REVENUE
(A) |
21151.200 |
22873.800 |
17655.700 |
||
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Sales |
19524.900 |
21428.200 |
16729.700 |
|
|
|
|
Other Expenses |
1131.600 |
1032.100 |
616.600 |
|
|
|
|
TOTAL (B) |
20656.500 |
22460.300 |
17346.300 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
494.700 |
413.500 |
309.400 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
296.800 |
161.300 |
117.500 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
197.900 |
252.200 |
191.900 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
77.300 |
78.300 |
51.200 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
120.600 |
173.900 |
140.700 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
43.600 |
55.900 |
47.300 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
77.000 |
118.000 |
93.400 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.400 |
6.400 |
3.000 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
80.000 |
120.000 |
90.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
1.400 |
4.400 |
6.400 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
1.03 |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.86 |
5.23 |
6.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.17 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.12 |
2.01 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.28 |
1.19 |
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 |
500.000 |
500.000 |
750.000 |
|
Reserves & Surplus |
386.457 |
504.429 |
581.441 |
|
Net
worth |
886.457 |
1004.429 |
1331.441 |
|
|
|
|
|
|
long-term borrowings |
147.198 |
540.890 |
718.881 |
|
Short term borrowings |
859.449 |
1477.644 |
2107.517 |
|
Total
borrowings |
1006.647 |
2018.534 |
2826.398 |
|
Debt/Equity
ratio |
1.136 |
2.010 |
2.123 |
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 |
|
Gross
Revenue
|
17,655.700 |
22,873.800 |
21,151.200 |
|
|
|
29.555 |
-7.531 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Gross
Revenue
|
17,655.700 |
22,873.800 |
21,151.200 |
|
Profit |
93.400 |
118.000 |
77.000 |
|
|
0.53% |
0.52% |
0.36% |
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 |
Yes |
|
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 |
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
289.376 |
264.647 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Working capital
loans from banks |
1177.154 |
814.074 |
|
Loans and
advances from related parties |
1.555 |
0.000 |
|
Other loans and
advances |
535.967 |
267.253 |
|
|
|
|
|
Total |
2004.052 |
1345.974 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10463707 |
02/11/2013 |
57,768,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B90782277 |
|
2 |
10456452 |
23/10/2013 |
500,000,000.00 |
TATA
CAPITAL FINANCIAL SERVICES LIMITED |
ONE
FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B88112842 |
|
3 |
10446452 |
08/08/2013 |
100,000,000.00 |
SYNDICATE
BANK |
ASHRAM
ROAD BRANCH,NEPTUNE TOWER, OPP.NEHRU BRIDGE,ASHRAM ROAD,, AHMEDABAD, GUJARAT
- 380009, INDIA |
B83735647 |
|
4 |
10438646 |
18/07/2013 |
495,000,000.00 |
BANK
OF BARODA (BANK OF BARODA CONSORTIUM) |
MID CORPORATE
BRANCH, 001, GROUND FLOOR, JYOTI COM |
B80340938 |
|
5 |
10487295 |
15/03/2013 |
340,500,000.00 |
CORPORATION
BANK |
38
& 39, WHITES ROAD, CHENNAI, TAMIL NADU - 600014, INDIA |
B98647720 |
|
6 |
10420803 |
12/03/2013 |
120,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
B73471443 |
|
7 |
10398213 |
24/12/2012 |
250,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B66262932 |
|
8 |
10485026 |
07/02/2012 |
300,000,000.00 |
STATE
BANK OF INDIA |
SME BRANCH,
CIVIL LINES, JALANDHAR, PUNJAB - 144001, INDIA |
B94477734 |
|
9 |
10333169 |
31/01/2012 |
190,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B31079676 |
|
10 |
10312865 |
27/09/2012
* |
175,000,000.00 |
BANK
OF INDIA |
AHMEDABAD
LARGE CORPORATE BRANCH, 2ND FLOOR, BANK OF INDIA, BHARDA, AHMEDABAD, GUJARAT
- 380001, INDIA |
B60609310 |
|
11 |
10232665 |
22/07/2010 |
125,000,000.00 |
YES
BANK LIMITED |
9TH FLOOR,
NEHRU CENTRE, DISCOVERY OF INDIA, DR.ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - 400018, INDIA |
A90767526 |
|
12 |
90043761 |
14/05/2013
* |
1,000,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B76982222 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
|
32 |
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.