MIRA
INFORM REPORT
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Report Date : |
16.08.2014 |
IDENTIFICATION DETAILS
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Name : |
TATA SONS LIMITED |
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Registered Office : |
Bombay House No. 24,
East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai –
400 001, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
08.11.1917 |
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Com. Reg. No.: |
11-000478 |
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Capital
Investment / Paid-up Capital : |
Rs.41895.900 Millions |
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CIN No.: [Company
Identification No.] |
U99999MH1917PLC000478 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT07803F |
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PAN No.: [Permanent Account No.] |
AAACT4060A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Subject
undertakes Investment, Finance, Computer Consultancy, New Projects, Project
Consultancy, Market Research and Surveys. It also undertakes Property
Development. |
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No. of Employees
: |
Information
denied by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (80) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a PART of the Tata group. It is a well-established company
having fine track record. The rating reflects strong financial risk profile supported by company’s
comfortable liquidity and sound capital structure. Directors are reported to
be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating AAA |
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Rating Explanation |
Highest degree of safety and carry lowest credit
risk. |
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Date |
August 13, 2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Commercial paper A1+ |
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Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
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Date |
August 13, 2014 |
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
MANAGEMENT NON CO-OPERATIVE (91-22-22049131)
LOCATIONS
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Registered Office : |
Bombay House No.
24, East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai
– 400 001, Maharashtra, India |
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Tel. No.: |
91-22-22049131 / 22821266 / 66658282 |
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Fax No.: |
91-22-22048187 / 66658080 |
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E-Mail : |
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Website : |
www.tata.co.in |
DIRECTORS
AS ON 30.09.2013
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Name : |
Mr. Cyrus
Pallonji Mistry |
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Designation : |
Director |
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Address : |
Sterling Bay,
103, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
04.07.1968 |
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Date of Appointment : |
10.08.2006 |
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Passport No.: |
P349742 |
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PAN No : |
AERPM9037N |
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Voter’s Identify No.: |
MH/04/024/078725 |
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DIN No : |
00010178 |
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Name : |
Mr. Farrokh
Kaikhushru Kavarana |
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Designation : |
Director |
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Address : |
CCI Chambers, 5th
Floor, Dinshaw Vachha Road, Mumbai – 400 020, Maharashtra, India |
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Date of Birth/Age : |
17.03.1944 |
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Date of Appointment : |
01.02.1991 |
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DIN : |
00027689 |
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Name : |
Mr. Ishaat
Hussain |
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Designation : |
Whole Time
Director – Finance |
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Address : |
Flat 222-A, 22nd
Floor, NCPA Apartments, Tata Road, Nariman Point, Mumbai – 400 021,
Maharashtra, India |
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Date of Birth/Age : |
02.09.1947 |
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Date of Appointment : |
24.11.1998 |
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DIN No : |
00027891 |
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Name : |
Mr. Ramabadran Gopalakrishnan
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Designation : |
Whole Time Director |
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Address : |
101 Baug E Abbas,
Capt Prakash Pethe Marg, 21-A, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
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Date of Birth/Age : |
25.12.1945 |
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Date of Appointment : |
24.11.1998 |
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Voter’s Identify No.: |
HHJ0784694 |
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DIN No : |
00027858 |
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Name : |
Mr. Vijay Singh |
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Designation : |
Director |
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Address : |
H No. 20, Poorvi
Marg, Vasant Vihar, New Delhi – 110057, India |
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Date of Birth/Age : |
13.07.1948 |
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Date of Appointment : |
17.06.2013 |
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DIN No : |
06610802 |
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Name : |
Mr. Nitin Nohria |
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Designation : |
Director |
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Address : |
2 Hampton Road,
Lexington, United States Lexington - 024218038 |
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Date of Birth/Age : |
09.02.1962 |
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Date of Appointment : |
06.09.2013 |
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DIN No : |
01759558 |
KEY EXECUTIVES
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Name : |
Mr. Farokh
Nariman Subedar |
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Designation : |
Company Secretary
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Address : |
1, |
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Date of Birth/Age : |
24.09.1955 |
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Date of Appointment : |
01.01.1996 |
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Voter’s Identify No.: |
MT/04/024/024859 |
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PAN No : |
AAGPS8433B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage of Holding |
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Bodies corporate |
31.24 |
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Directors or relatives of Directors |
0.03 |
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Other top fifty shareholders |
68.73 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject
undertakes Investment, Finance, Computer Consultancy, New Projects, Project Consultancy,
Market Research and Surveys. It also undertakes Property Development. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information
denied by the management |
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Bankers : |
·
Central Bank of India, Debenture Trustee Section,
Centre Bank Building, 55, Mahatma Gandhi Road, Fort, Mumbai-400001,
Maharashtra, India
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
Centbank Financial Services Limited, 15-16 Bajaj Bhawan, 1st
Floor, Opposite Inox Multiplex, Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
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Address : |
12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate, Worli, Mumbai –
400018 , Maharashtra, India |
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Tel. No. : |
91-22-61854000 |
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Fax No. : |
91-22-61854501 / 4601 |
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PAN
No. : |
AACFD4815A |
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Joint Venture : |
·
AirAsia (India) Private Limited (w.e.f.
03.04.2013) ·
Taco Hendrickson Suspensions Private Limited ·
Tata Ficosa Automotive Systems Limited ·
Virgin Mobile India Private Limited (ceased
w.e.f. 26.03.2013) ·
Strategic Energy Technology Systems Private
Limited ·
Tata Yazaki AutoComp Limited (ceased w.e.f.
11.01.2013) ·
Tata Johnson Controls Automotive Limited (ceased
w.e.f. 25.03.2013) |
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|
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Associates : |
·
Taj Air Limited ·
Tata Chemicals Limited ·
Tata Communications Limited ·
Tata Elxsi Limited ·
Tata Global Beverages Limited ·
Tata Motors Limited ·
Tata Steel Limited ·
Tata Teleservices (Maharashtra)
Limited (ceased to be a subsidiary and is an associate w.e.f. 26.03.2013 to
09.08.2013 and then ceased to be an associate w.e.f. 10.08.2013) ·
Tata Teleservices Limited (ceased to be a
subsidiary and is an associate w.e.f. 26.03.2013) ·
The Associated Building Company Limited ·
The Indian Hotels Company Limited ·
The Tata Power Company Limited ·
Trent Limited ·
Voltas Limited |
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|
|
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Subsidiaries : |
·
Acme Living Solutions Private Limited ·
ACTVE Digital Services Private
Limited ·
Advinus Therapeutics Inc. ·
Advinus Therapeutics Limited ·
Ahinsa Realtors Private Limited
(amalgamated with Tata Realty and Infrastructure Limited pursuant to the
order dated 21.03 2014 of the Hon'ble High Court of Judicature at Bombay
Appointed Date: 01.04.2013) ·
Alliance Motors Ghana Limited (w.e.f.
13.11.2012) ·
Alti HR S.A.S. (w.e.f. 28.06.2013) ·
Alti Infrastructures Systemes and
Reseaux S.A.S. (w.e.f. 28.06.2013) ·
Alti NV (w.e.f. 28.06.2013) ·
Alti S.A. (w.e.f. 28.06.2013) ·
Alti Switzerland S.A. (w.e.f.
28.06.2013) ·
Apex Investments (Mauritius) Holdings
Private Limited ·
Apex Realty Private Limited ·
APOnline Limited ·
Ardent Properties Private Limited ·
Arrow Infraestate Private Limited ·
Aurora Integrated Systems Private
Limited (w.e.f. 05.10.2012) ·
Automotive Skill Training Foundation
(Section 25 company) (w.e.f 01.08.2013) ·
Automotive Stampings and Assemblies
Limited ·
Bachi Shoes (India) Limited ·
Belida B.V. ·
Blackwood Hodge Zimbabwe (Private)
Limited ·
Calsea Footwear Private Limited ·
C-Edge Technologies Limited ·
CMC Americas Inc ·
CMC eBiz Inc. ·
CMC Limited ·
Cometal, S.A.R.L. ·
Computational Research Laboratories
Inc ·
Computational Research Laboratories Limited
(amalgamated with Tata Consultancy Services Limited w.e.f. 01.10.2012) ·
Concept Marketing and Advertising
Limited ·
Dian Energy B.V. ·
Diligenta 2 Limited ·
Diligenta Limited ·
Drive India Enterprise Solutions
Limited ·
Ecofirst Services Limited (w.e.f.
18.01.2013) ·
e-Nxt Financials Limited ·
Euro Shoe Components Limited ·
Ewart Investment Private Limited
(ceased w.e.f. 13.05.2013) ·
Ewart Investments Limited U74999MH1922PLC001030 ·
Gurgaon Construct Well Private
Limited ·
Gurgaon Infratech Private Limited ·
Gurgaon Realtech Limited ·
HELA Systems Private Limited ·
HL Promoters Private Limited (w.e.f.
31.03.2014) (subsidiary for the period 08.11.2013 to 17.11.2013 and
thereafter associate for the period 18.11.2013 to 30.03.2014) ·
HLT Residency Private Limited (w.e.f.
08.11.2013) ·
HV Farms Private Limited (w.e.f.
25.04.2012) ·
India Collections Management Private
Limited (ceased to be an associate and became a subsidiary w.e.f. 14.06.2012) ·
India Emerging Companies Investment
Limited ·
Indian Rotorcraft Limited ·
Industrial Steels Limited (w.e.f.
19.11.2012) ·
Infiniti Retail Limited U31900MH2005PLC158120 ·
Infiniti Wholesale Limited (formerly
Woolworths Wholesale India Private Limited) (w.e.f. 15.10.2012) (amalgamated
with Infiniti Retail Limited ·
pursuant to the order dated 04.04.2014
of the Hon'ble High Court of Judicature at Mumbai Appointed Date: 01.04.2012
Effective date: 23.05.2014) ·
Inshaallah Investments Limited ·
Kolkata-One Excelton Private Limited
(w.e.f. 08.11.2013) ·
Kriday Realty Private Limited ·
Landscape Structures Private Limited
(acquired from Tata Realty and Infrastructure Limited w.e.f. 03.10.2012) ·
Landscape Structures Private Limited
(sold to Tata Housing Development Company Limited on 03.10.2012) ·
Lemon Tree Land and Developers
Private Limited (w.e.f. 09.05.2012) ·
M'Pumalanga Mining Resources SA ·
MahaOnline Limited ·
Merangin B.V. ·
Meruap B.V. ·
MGDC S.C. ·
MMP Mobi Wallet Payment Systems
Limited (ceased w.e.f. 26.03.2013) ·
Monroa Portugal, Comercio E Services,
Unipessoal LDA ·
Move on Componentes e calcado,S.A. ·
Move On Retail Spain, S.L. ·
MP Online Limited ·
MS CJV Investments Corporation ·
Nanjing Tata Autocomp Systems Limited ·
Nippon TCS Solution Center Limited ·
Niskalp Infrastructure Services
Limited (formerly Niskalp Energy Limited) ·
North Bombay Real Estate Private
Limited (w.e.f. 05.03.2014) ·
Nova Integrated Systems Limited ·
One-Colombo Project (Private) Limited
(w.e.f. 12.12.2013) ·
Pamodzi Hotels Plc ·
Panatone Finvest Limited ·
Planaxis Technologies Inc (w.e.f.
28.06.2013) ·
Poonamallee Logistics Private Limited ·
Promont Hillside Private Limited ·
Promont Hilltop Private Limited
(w.e.f. 24.09.2012) ·
PT Financial Network Services ·
PT Tata Consultancy Services
Indonesia ·
Retail Fullserve Limited (Amalgamated
with Tata Consultancy Services Limited pursuant to the order dated 22.03.2013
of the Hon'ble High Court of Judicature at Bombay. Effective Date.
01.04.2013. Appointed Date; 01.04.2012) ·
Simto investment Company Limited
(w.e.f. 31.08.2012) ·
Smart Value Homes (Boisar) Private
Limited (formerly known as Niyati Sales Private Limited) (w.e.f. 30.04.2013) ·
Smart Value Homes (New Project)
Private Limited (w.e.f. 07.05.2013) ·
Smart Value Homes (Peenya Project)
Priyate Limited (w.e.f. 19.03.2013) (formerly Smart Value Homes (Boisar
Project) Private Limited) ·
T Sec Commodities Broking Limited
(merged into Tata Securities Limited with effect from the appointed date
01.04.2013, pursuant to the Scheme of Arrangement sanctioned by the High
Court of Judicature at Bombay vide its order dated 07.03.2014) ·
Taco Composites Limited (Pursuant to
the scheme of amalgamation, approved by the High Court of Judicature at
Bombay, vide its Order dated 03.08.2012. merged with Tata Autocomp Systems
Limited w.e.f. 01.04.2011, the appointed date as per the approved scheme) ·
TACO Engineering (UK) Limited ·
TACO Engineering Services GmbH
(w.e.f. 13.08.2013) ·
TACO Grundstuckverwaltungs GmbH
(excluded from consolidation by TACO from 01.07.2009) (under liquidation) ·
TACO Holdings (Mauritius) Limited ·
TACO Kunststoffechnik GmbH (excluded
from consolidation by TACO from 01.07.2009) (under liquidation) ·
TACO Sasken Automotive Electronics
Limited (excluded from consolidation by TACO from 01.10.2010) (under
liquidation) ·
TAH Pharmaceuticals Limited ·
TAHL (Mauritius) Mining Projects
Limited ·
TAHL (Mauritius) Power Projects
Limited ·
Tara Aerospace Systems Limited ·
TAS-AGT Systems Limited (formerly
AVANA Integrated Systems Limited) ·
TASL Aerostructures Private Limited ·
Tata Advanced Materials Limited ·
Tata Advanced Systems Limited ·
Tata Africa (Cote D'lvoire) SARL ·
Tata Africa (Senegal) S.A.R.L. ·
Tata Africa Holdings (Ghana) Limited ·
TATA Africa Holdings (Kenya) Limited ·
Tata Africa Holdings (SA)
(Proprietary) Limited ·
Tata Africa Holdings (Tanzania)
Limited ·
Tata Africa Services (Nigeria)
Limited ·
Tata Africa Steel Processors
(Proprietary) Limited ·
Tata AG, Zug ·
Tata AIA Life Insurance Company
Limited ·
Tata AIG General Insurance Company
Limited ·
Tata America International
Corporation ·
Tata Asset Management (Mauritius)
Private Limited ·
Tata Asset Management Limited ·
Tata Autocomp Systems Limited ·
Tata Automobile Corporation (SA)
(Proprietary) Limited ·
Tata Business Support Services
Limited ·
Tata Capital Advisors Pte. Limited ·
Tata Capital Financial Services
Limited ·
Tata Capital Forex Limited (formerly
TT Holdings and Services Limited) [U65921MH2006PLC238745] ·
TATA Capital General Partners LLP ·
Tata Capital Growth Fund I ·
TATA Capital Healthcare General
Partners LLP ·
Tata Capital Housing Finance Limited ·
Tata Capital Limited [U65990MH1991PLC060670] ·
Tata Capital Markets Pte. Limited ·
Tata Capital Plc ·
Tata Capital Pte. Limited ·
Tata Cleantech Capital Limited ·
Tata Consultancy Services (Africa)
(PTY) Limited ·
Tata Consultancy Services (China)
Company, Limited ·
Tata Consultancy Services
(Philippines) Inc. ·
Tata Consultancy Services (South
Africa) (PTY) Limited ·
Tata Consultancy Services (Thailand)
Limited ·
Tata Consultancy Services Argentina
S.A. ·
Tata Consultancy Services Asia
Pacific Pte Limited ·
Tata Consultancy Services Belgium
S.A. ·
Tata Consultancy Services Canada Inc. ·
Tata Consultancy Services Chile S.A. ·
Tata Consultancy Services Danmark ApS ·
Tata Consultancy Services De Espana
S.A. ·
Tata Consultancy Services De Mexico
S.A., De C.V. ·
Tata Consultancy Services Deutschland
GmbH ·
Tata Consultancy Services Do Brasil
Ltda ·
Tata Consultancy Services France SAS ·
Tata Consultancy Services Japan
Limited ·
Tata Consultancy Services Limited ·
Tata Consultancy Services Luxembourg
S.A. ·
Tata Consultancy Services Malaysia
Sdn Bhd ·
Tata Consultancy Services Morocco
SARL AU (in process of being voluntarily liquidated) ·
Tata Consultancy Services Netherlands
BV ·
Tata Consultancy Services Osterreich
GmbH ·
Tata Consultancy Services Portugal
Unipessoal Limitada ·
Tata Consultancy Services Qatar S. S.
C. ·
Tata Consultancy Services Sverige AB ·
Tata Consultancy Services Switzerland
Limited ·
Tata Consulting Engineers Limited [U74210MH1999PLC123010] ·
Tata De Mocambique, Limitada ·
Tata Holdings Mocambique Limitada ·
Tata Housing Development Company
Limited ·
Tata Industrial Services Limited ·
Tata Industries Limited ·
Tata Information Technology (Shanghai)
Company Limited (amalgamated with Tata Consultancy Services (China) Co., Ltd.
w.e.f. 05.11.2013) ·
Tata Infrastructure Capital Limited ·
Tata Interactive Systems AG ·
Tata Interactive Systems GmbH ·
Tata International AG, Zug ·
Tata International Limited ·
Tata International Metals (Asia)
Limited (formerly Tata Steel International (Hong Kong) Limited) (w.e.f.
19.11.2012) ·
Tata International Singapore Pte
Limited ·
Tata International Trading Brasil
Limitada ·
Tata internet Services Limited (upto
26.03.2013) ·
Tata Investment Corporation Limited L67200MH1937PLC002622 ·
Tata Limited ·
Tata Lockheed Martin Aerostructures
Limited (formerly Tata Aerostructures Limited) ·
Tata Namibia (Proprietary) Limited
(de-registered w.e.f. 16.08.2013) ·
TATA Opportunities General Partners
LLP ·
Tata Pension Management Limited ·
Tata Petrodyne Limited ·
Tata Realty and infrastructure
Limited ·
Tata Securities Limited U67120MH1994PLC080918 ·
Tata SIA Airlines Limited (w.e.f.
02.12.2013) ·
Tata Sky Limited ·
Tata South East Asia (Cambodia )
Limited (w.e.f. 19.03.2013) ·
Tata South-East Asia Limited ·
Tata Steel International (North
America) Limited (w.e.f. 19.11.2012) ·
Tata Steel International (UK) Limited
(w.e.f. 19.11.2012) ·
Tata Teleservices (Maharashtra) Limited
(ceased to be a subsidiary and is an associate w.e.f. 26.03.2013) ·
Tata Teleservices Limited (ceased to
be a subsidiary and is an associate w.e.f. 26.03.2013) ·
Tata Toyo Radiator Limited ·
Tata Trustee Company Limited ·
Tata Uganda Limited ·
Tata Value Homes Limited (formerly
Smart Value Homes Limited) ·
Tata West Asia FZE ·
Tata Zambia Limited ·
Tata Zimbabwe (Private) Limited ·
TATA Solution Center S.A. ·
TBSS Healthcare TPA Services Limited ·
TC Travel And Services Limited
U63040MH2008PLC187559 ·
TCE QSTP-LLC ·
TCS e-Serve America, Inc ·
TCS e-Serve international Limited (SEZ
Undertaking of the Company demerged to Tata Consultancy Services Limited
pursuant to the order dated 06.09.2013 of the Hon'ble High Court of
Judicature at Bombay. Effective Date: 01.10.2013. Appointed Date: 01.04.2013) ·
TCS e-Serve Limited (Amalgamated with Tata
Consultancy Services Limited pursuant to the order dated 06.09.2013 of the
Hon'ble High Court of Judicature at Bombay. Effective Date: 01.10.2013.
Appointed Date: 01.04.2013) ·
TCS Financial Solutions Australia Holdings Pty
Limited ·
TCS Financial Solutions Australia Pty Limited ·
TCS Financial Solutions (Beijing) Company Limited ·
TCS FNS Pty Limited ·
TCS Iberoamerica SA ·
TCS Inversiones Chile Limitada ·
TCS Italia SRL ·
TCS Management Pty Limited ·
TCS Solution Center S.A. ·
TCS Uruguay S.A. ·
Teamlink (w.e.f. 28.06.2013) ·
TESCOM (France) Software Systems Testing S.A.R.L.
(w.e.f. 28.06.2013) ·
THDC Facility Management Limited ·
TIL Leather Mauritius Limited ·
TRIF Gandhinagar Projects Private Limited (amalgamated
with Tata Realty and Infrastructure Limited pursuant to the order dated
21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date:
01.04.2013) ·
TRIF Gurgaon Housing Projects Private Limited ·
TRIP Hyderabad Projects Private Limited
(amalgamated with Tata Realty and Infrastructure Limited pursuant to the
order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay
Appointed Date: 01.04.2013) ·
TRIP Infrastructure Private Limited (amalgamated
with Tata Realty and Infrastructure Limited pursuant to the order dated
21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date:
01.04.2013) ·
TRIP investment Management Limited ·
TRIF Investment Management Singapore Pte. Limited (ceased w.e.f. 31.03.2014) (application
for striking off the Company has been filed with Accounting and Corporate
Regulatory Authority, Singapore) ·
TRIF Kolkata Projects Private Limited
(amalgamated with Tata Realty and Infrastructure Limited pursuant to the
order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay
Appointed Date: 01.04.2013) ·
TRIP Mega Projects Private Limited (amalgamated
with Tata Realty and Infrastructure Limited pursuant to the order dated
21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date:
01.04.2013) ·
TRIF Property Development Private Limited
(amalgamated with Tata Realty and Infrastructure Limited pursuant to the
order dated 21.03.2014 of the Hon'ble High Court of judicature at Bombay
Appointed Date: 01.04.2013) ·
TRIF Structures and Builders Private Limited ·
TRIF Trivandrum Projects Private Limited
(amalgamated with Tata Realty and Infrastructure Limited pursuant to the
order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay
Appointed Date: 01.04.2013) ·
TRIL Constructions Limited ·
TRIL Developers Limited (amalgamated with Tata
Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of
the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013) ·
TRIL Highway Projects Limited (amalgamated with
Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014
of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013) ·
TRIL Hospitality Private Limited (formerly TRIF
Realty Projects Private Limited) ·
TRIL Logistics Private Limited (amalgamated with
Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014
of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013) ·
TRIL Roads Private Limited ·
TRIL Urban Transport Private Limited (formerly
Pioneer Infratech Private Limited) ·
TS Investments Limited ·
VIOM Infra Networks (Maharashtra) Limited (ceased
w.e.f. 26.03.2013) ·
VIOM Networks Limited (ceased w.e.f. 26.03.2013) ·
World-One (Sri Lanka) Projects Pte. Ltd.(w.e.f.
25.07.2013) ·
World-One Development Pte. Limited (w.e.f.
17.12.2012) ·
WTI Advanced Technology Limited |
|
|
|
|
Enterprises in
which a Key Managerial Personnel is having Significant Influence |
·
Cyrus Investments Private Limited ·
Sterling Investment Corporation Private Limited |
|
|
|
|
Investing
Parties : |
·
Sir Dorabji Tata Trust ·
Sir Ratan Tata Trust |
CAPITAL STRUCTURE
AS ON 09.07.2014
Authorised Capital : Rs.58000.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.42054.346 Millions
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.1000/- each |
Rs.3000.000 Millions |
|
55000000 |
Preference Shares |
Rs.1000/- each |
Rs.55000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.58000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404146 |
Equity Shares |
Rs.1000/- each |
Rs.404.100 Millions |
|
41491800 |
Preferences Shares |
Rs.1000/- each |
Rs. 41491.800 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 41895.900
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
41895.900 |
41600.900 |
41870.900 |
|
(b) Reserves & Surplus |
294214.800 |
270318.300 |
239823.400 |
|
(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) |
336110.700 |
311919.200 |
281694.300 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
145055.500 |
132700.000 |
106494.200 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
4.400 |
|
(c) Other long term
liabilities |
94.800 |
58.500 |
1508.800 |
|
(d) long-term provisions |
526.500 |
581.500 |
478.700 |
|
Total
Non-current Liabilities (3) |
145676.800 |
133340.000 |
108486.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
213.500 |
152.300 |
1054.700 |
|
(b) Trade payables |
957.300 |
857.400 |
646.300 |
|
(c) Other current liabilities |
32112.000 |
60968.300 |
28821.700 |
|
(d) Short-term provisions |
9040.200 |
2205.800 |
10075.000 |
|
Total
Current Liabilities (4) |
42323.000 |
64183.800 |
40597.700 |
|
|
|
|
|
|
TOTAL |
524110.500 |
509443.000 |
430778.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1062.500 |
1,072.800 |
539.000 |
|
(ii) Intangible Assets |
17.800 |
8.600 |
10.200 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
547.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
449319.900 |
419426.600 |
395199.400 |
|
(c) Deferred tax assets (net) |
46.800 |
16.400 |
0.000 |
|
(d) Long-term Loan and Advances |
5123.200 |
5476.000 |
7335.100 |
|
(e) Other Non-current assets |
771.200 |
1530.000 |
0.000 |
|
Total
Non-Current Assets |
456341.400 |
427530.400 |
403630.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4749.700 |
4340.900 |
127.500 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
5375.100 |
3716.100 |
4026.600 |
|
(d) Cash and cash equivalents |
55996.000 |
71447.200 |
20901.600 |
|
(e) Short-term loans and
advances |
385.300 |
327.200 |
514.900 |
|
(f) Other current assets |
1263.000 |
2081.200 |
1576.800 |
|
Total
Current Assets |
67769.100 |
81912.600 |
27147.400 |
|
|
|
|
|
|
TOTAL |
524110.500 |
509443.000 |
430778.100 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
48583.100 |
51287.100 |
37981.800 |
|
|
Other Income |
5708.800 |
6239.500 |
9280.300 |
|
|
TOTAL
(A) |
54291.900 |
57526.600 |
47262.100 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
1123.800 |
869.400 |
595.200 |
|
|
Other expenses |
6972.900 |
4109.500 |
1997.900 |
|
|
TOTAL
(B) |
8096.700 |
4978.900 |
2593.100 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
46195.200 |
52547.700 |
44669.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15340.600 |
14762.400 |
11512.500 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30854.600 |
37785.300 |
33156.500 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
53.300 |
70.700 |
56.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
30801.300 |
37714.600 |
33100.300 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
269.600 |
579.200 |
1,637.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
30531.700 |
37135.400 |
31463.000 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
67853.000 |
72853.100 |
63674.600 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend - Preference Shares |
3402.000 |
3407.300 |
3451.300 |
|
|
Dividend - Ordinary Shares |
3233.200 |
3233.200 |
3233.200 |
|
|
Special Reserve |
6110.000 |
7430.000 |
6300.000 |
|
|
General Reserve |
3100.000 |
3800.000 |
3250.000 |
|
|
Capital Redemption Reserve |
435.000 |
435.000 |
700.000 |
|
|
Debenture Redemption Reserve |
0.000 |
23830.000 |
5350.000 |
|
|
Balance
Carried to the B/S |
82104.500 |
67853.000 |
72853.100 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Earnings on
royalty, know-how, professional and consultation fees |
1650.400 |
862.500 |
872.600 |
|
|
Other income |
33.300 |
42.200 |
1551.100 |
|
|
TOTAL EARNINGS |
1683.700 |
904.700 |
2423.700 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
67128.000 |
83455.000 |
69311.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
56.24 |
64.55
|
66.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
63.40 |
73.54
|
82.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
41.21 |
41.90
|
94.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.12
|
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43
|
0.42
|
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.28
|
0.67 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
41,870.900 |
41,600.900 |
41,895.900 |
|
Reserves & Surplus |
239,823.400 |
270,318.300 |
294,214.800 |
|
Net
worth |
281,694.300 |
311,919.200 |
336,110.700 |
|
|
|
|
|
|
long-term borrowings |
106,494.200 |
132,700.000 |
145,055.500 |
|
Short term borrowings |
1,054.700 |
152.300 |
213.500 |
|
Total
borrowings |
107,548.900 |
132,852.300 |
145,269.000 |
|
Debt/Equity
ratio |
0.382 |
0.426 |
0.432 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
37981.800 |
51287.100 |
48583.100 |
|
|
|
35.031 |
(5.272) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
37981.800 |
51287.100 |
48583.100 |
|
Profit/(Loss) After Tax |
31463.000 |
37135.400 |
30531.700 |
|
|
82.84% |
72.41% |
62.84% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM BORROWINGS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current Maturities of Long-term Borrowings |
23450.000 |
35644.200 |
22666.600 |
|
|
|
|
|
|
Total |
23450.000 |
35644.200 |
22666.600 |
|
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
CASE DETAILS BENCH: BOMBAY Presentation
Date:- 01.08.2014 |
|
Lodging No: ITXAL/1440/2014 Filing
Date: 01.08.2014 |
|
Petitioner: THE COMMISSIONER OF INCOME TAX - 2 Respondent: M/S. TATA
SONS LIMITED Petn. Adv : SURESH KUMAR (I2100)
District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission Category: TAX
APPEALS Last Date: 08.08.2014
Stage: Last Coram: REGISTRAR(OS)/ PROTHONOTARY AND SR. MASTER |
|
Act: Income Tax Act, 1961
UNDER SECTION: 260 A |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Non-convertible debentures |
95250.000 |
104700.000 |
|
Loan taken from bank |
9310.500 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
0.400 |
0.000 |
|
Interoperate deposits |
120.500 |
120.500 |
|
Other loans and advances |
2.300 |
2.300 |
|
|
|
|
|
Total |
104683.700 |
104822.800 |
PERFORMANCE:
The income of the
Company during the financial year 2013-14 amounted to Rs. 54291.900 Millions
(Previous Year: Rs. 57526.600 Millions) which included dividend earned from its
investments amounting to Rs. 43871.900 Millions (Previous Year: Rs. 46697.500 Millions)
and Brand Equity subscriptions of Rs. 4532.900 Millions (Previous Year: Rs.
3656.900 Millions).
The dividend
income is primarily utilised to augment the resources of the Company to make
long term investments in promoted companies. Investments of the Company, as at
March 31, 2014 stood at Rs. 454069.600 Millions as compared to Rs. 423767.500
Millions as at March 31, 2013.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10457310 |
24/10/2013 |
56,000,000,000.00 |
CENTBANK
FINANCIAL SERVICES LIMITED |
15-16 BAJAJ
BHAWAN, 1ST FLOOR, OPP INOX MULTIPLEX, |
B88404959 |
|
2 |
10409601 |
18/02/2013 |
10,000,000,000.00 |
CENTBANK
FINANCIAL SERVICES LIMITED |
CENTRALBANK MMO
BLDG6TH FLOOR 55 MAHATMA, GANDHI RD FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
B69930063 |
|
3 |
10298793 |
22/07/2011 |
5,000,000,000.00 |
CENTBANK FINANCIAL
SERVICES LIMITED |
CENTRALBANK MMO
BLDG6TH FLOOR 55 MAHATMA, GANDHI |
B17369190 |
|
4 |
10055690 |
24/05/2007 |
3,000,000,000.00 |
CENTRAL BANK OF
INDIA |
MUMBAI MAIN OFFICE
BUILDING, 6TH FLOOR, MAHATMA GANDHI ROAD, MUMBAI, MAHARASHTRA - 400001, INDIA |
A16313025 |
|
5 |
10055687 |
21/01/2014 * |
5,000,000,000.00 |
CENTRAL BANK OF
INDIA |
DEBENTURE
TRUSTEE SECTION, CENTRAL BANK BUILDING, |
B95824116 |
* Date of charge modification
FIXED ASSETS
·
Land – Freehold
·
Land – Leasehold
·
Buildings – Freehold
·
Plant and Equipment
·
Furniture and Fixtures
·
Motor Vehicles
·
Office Equipment
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.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
80 |
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.