MIRA INFORM REPORT
|
Report Date : |
26.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
EDELWEISS COMMODITIES SERVICES LIMITED (w.e.f.17.08.2012) |
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Formerly Known
As : |
COMFORT PROJECTS LIMITED (w.e.f.13.01.2011) COMFORT PROJECTS PRIVATE LIMITED (w.e.f.07.05.2009) SKY HEIGHTS DEVELOPERS PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, MB Towers, Plot No. 5, Road No. 2, Banjara
Hills, Hyderabad – 500034, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
17.10.2006 |
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Com. Reg. No.: |
01-078157 |
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Capital
Investment / Paid-up Capital : |
Rs.317.754 Millions |
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CIN No.: [Company Identification
No.] |
U45201AP2006PLC078157 |
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PAN No.: [Permanent Account No.] |
AAKCS7311R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader of Agro Commodity. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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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 Edelweiss group company. The group has a diversified
business profile within financial services, particularly the financial
markets segment. It is a well establish reputed company having fine track record. The
company has recorded a healthy growth in the turnover and profitability
during 2013. Financial position of the company is good. Directors are
reported to be well experienced and respectable business. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal and 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 |
|
Rating |
Long Term Rating AA - |
|
Rating Explanation |
High degree of safety and carry very low
credit risk. |
|
Date |
April 30, 2014 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating A1 + |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
April 30, 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 BY
MANAGEMENT NON CO-OPERATIVE (91-22-40094400)
LOCATIONS
|
Registered Office : |
2nd Floor, MB Towers, Plot No. 5, Road No. 2, Banjara
Hills, Hyderabad – 500034, Andhra Pradesh, India |
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Tel. No.: |
91-22-40885898 / 40316900 |
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Fax No.: |
91-22-40040793 / 40316905 |
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E-Mail : |
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Website : |
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Corporate Office : |
Edelweiss House, Off C. S. T. Road, Kalina, Mumbai – 400098,
Maharashtra, India |
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Tel. No.: |
91-22-4009-4400 |
DIRECTORS
As on 24.07.2013
|
Name : |
Mr. Prasad Appsaheb Baji |
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Designation : |
Director |
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Address : |
Planet Godrej, Tower – I, Flat No. 301, Simplex Mills Compound,
Keshavrao Khadye Marg, Near Jacob Circle, Mahalaxmi (East), Mumbai – 400011,
Maharashtra, India |
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Date of Birth/Age : |
14.03.1971 |
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Date of Appointment : |
24.09.2012 |
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DIN No.: |
00065911 |
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Name : |
Mr. Deepak Gopal Maheshwari |
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Designation : |
Director |
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Address : |
B 603, 10th Floor, OM Residency, J.B Wadia Road, Bhoiwad
Parel, Mumbai -400012, Maharashtra, India |
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Date of Birth/Age : |
22.10.1976 |
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Date of Appointment : |
24.09.2012 |
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DIN No.: |
02601708 |
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Name : |
Mr. Riyaz Mushtaqueali Ladiwala |
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Designation : |
Additional Director |
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Address : |
B/5, Peace Heaven Society, 2nd Floor, St. Andrews Road,
Bandra West, Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
17.02.1974 |
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Date of Appointment : |
26.11.2012 |
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DIN No.: |
00209264 |
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Name : |
Venkatchalam Arakoni Ramaswamy |
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Designation : |
Whole-time Director |
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Address : |
142, Beach Apartment 14th Floor, P. Balu Road, Prabhadevi,
Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
12.08.1966s |
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Date of Appointment : |
01.07.2013 |
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DIN No.: |
00008509 |
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Name : |
Rujan Harchand Panjwani |
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Designation : |
Whole-time Director |
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Address : |
26th Hemprabha Building, 7th Floor, Marin Drive,
Mumbai – 400020, Maharashtra, India |
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Date of Birth/Age : |
07.04.1963 |
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Date of Appointment : |
01.07.2013 |
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DIN No.: |
00237366 |
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Name : |
Pudugramam Narayanaswamy Venkatachalam |
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Designation : |
Director |
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Address : |
Flat
No.3C, Settlur Manor No.2, Sivaswamy Street, Opposites Dr. Radhakrishnan
Salai, Mylapore, Chennai - 600004 Tamilnadu |
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Date of Birth/Age : |
22.03.1944 |
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Date of Appointment : |
24.06.2013 |
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DIN No.: |
00499442 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.07.2013
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Edelweiss Financial Services Limited, India |
29775362 |
|
Tarun Khurana |
1 |
|
Sitesh Joshi |
1 |
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Preeti Chhabria |
1 |
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Meghani jinesh |
1 |
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Vinit Agarwal |
1 |
|
B Renganathan |
1 |
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Total |
29775368 |
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Names of
Shareholders (Preference Shares) |
No.
of Shares |
|
Edelweiss Securities Limited, India |
1000000 |
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ECL Finance Limited, India |
1000000 |
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Total |
2000000 |
As on 24.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Agro Commodity. |
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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 : |
· ICICI Bank Limited, Capital Market Division, 30 Mumbai Samachar Marg, Fort, Mumbai – 400001, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Bank Of Maharashtra, Oshiwara Branch, Sab Tv Bldg, Adhikari Chambers, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
Icici Bank Limited, Icici Bank Towers, Bandra
Kurla Complex, Mumbai - 400051, Maharashtra, India ·
Axis Bank Limited, Trishul 3rd
Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad -
380006, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B S R and Associates Chartered Accountants |
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Address : |
Lodha Excelus, 1st Floor Apollo Mills Compound, N.M.Joshi
Marg, Mahalaxmi, Mumbai- 400011, Maharashtra, India |
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PAN
No. : |
AADFB6889R |
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Holding company : |
v
Edelweiss Financial Services Limited |
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Subsidiaries which are controlled by the
Company : |
v Edelweiss Financial Advisers Limited v Edelweiss Capital Markets Limited v
Edelweiss Housing Finance Limited |
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Fellow Subsidiaries : |
v EC Commodity Limited v Edelweiss Securities Limited v Edelweiss Finance & Investments Limited v ECL Finance Limited v Edelweiss Web Services Limited v Edelweiss Custodial Services Limited v Edelweiss Trustee Services Limited v Edelweiss Asset Management Limited v Edelcap Securities Limited v Ecap Equities Limited v Edel Commodities Limited v Edelweiss Broking Limited v Edelweiss Investment Advisors Limited v Edel Land Limited v Edelweiss Global Wealth Management Limited v Edelweiss ComtradeLimited v Edelweiss Alternate Asset Advisors Limited v Edelweiss Tokio Life Insurance Limited v
Aster Commodities DMCC |
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Associate Companies : |
v Edelweiss Precious Metals Private Limited v
Allium Finance Private Limited (w.e.f. 22 August 2012) |
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Enterprise in which Holding Company
Exercises significant influence and with whom transactions have taken place: |
v Edelweiss Asset Reconstruction Company Limited v Dahlia Financial Services Private Limited v Magnolia Financial Services Private Limited v Arum Investments Private Limited v Edel Commodities Trading Limited v EFSL Comtrade Limited v
EFSL Commodities Limited |
CAPITAL STRUCTURE
After 24.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
72000000 |
Preference Shares |
Rs.10/- each |
Rs.720.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1020.000
Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29775368 |
Equity Shares |
Rs.10/- each |
Rs.297.754 Millions |
|
72000000 |
Preference Shares |
Rs.10/- each |
Rs.720.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1017.754
Millions |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29775368 |
Equity Shares |
Rs.10/- each |
Rs.297.754 Millions |
|
27290000 |
Preference Shares |
Rs.10/- each |
Rs.272.900 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.270.654
Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32000000 |
Equity Shares |
Rs.10/- each |
Rs.320.000 Millions |
|
2000000 |
Preference Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.340.000s
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29775368 |
Equity Shares |
Rs.10/- each |
Rs.297.754 Millions |
|
2000000 |
Preference Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.317.754
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 |
317.754 |
10.000 |
3.250 |
|
(b) Reserves & Surplus |
3883.479 |
1498.810 |
9.687 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
2310.116 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4201.233 |
3818.926 |
12.937 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5200.000 |
3200.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
124.282 |
40.356 |
0.000 |
|
(c) Other long term liabilities |
328.791 |
11.981 |
0.000 |
|
(d) long-term provisions |
4.492 |
0.000 |
1.552 |
|
Total Non-current Liabilities (3) |
5657.565 |
3252.337 |
1.552 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21074.915 |
28903.267 |
4110.504 |
|
(b) Trade payables |
2177.081 |
7977.321 |
33.316 |
|
(c) Other current
liabilities |
4231.449 |
1822.176 |
22.041 |
|
(d) Short-term provisions |
165.773 |
10.389 |
0.000 |
|
Total Current Liabilities (4) |
27649.218 |
38713.153 |
4165.861 |
|
|
|
|
|
|
TOTAL |
37508.016 |
45784.416 |
4180.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3674.512 |
2914.552 |
189.170 |
|
(ii) Intangible Assets |
265.264 |
351.534 |
0.000 |
|
(iii) Capital
work-in-progress |
10.437 |
900.030 |
3912.727 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4687.191 |
4030.986 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.043 |
|
(d) Long-term Loan and Advances |
619.553 |
101.925 |
0.000 |
|
(e) Other Non-current assets |
5.218 |
6.223 |
0.000 |
|
Total Non-Current Assets |
9262.175 |
8305.250 |
4101.940 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2.440 |
3.451 |
0.000 |
|
(b) Inventories |
3587.776 |
11318.068 |
0.000 |
|
(c) Trade receivables |
2458.264 |
2837.511 |
0.000 |
|
(d) Cash and cash
equivalents |
10650.596 |
18392.747 |
1.960 |
|
(e) Short-term loans and
advances |
10957.542 |
2722.231 |
1.960 |
|
(f) Other current assets |
589.223 |
2205.158 |
74.490 |
|
Total Current Assets |
28245.841 |
37479.166 |
78.410 |
|
|
|
|
|
|
TOTAL |
37508.016 |
45784.416 |
4180.350 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
127565.979 |
107108.203 |
8.450 |
|
|
|
Other Income |
12.194 |
51.390 |
0.000 |
|
|
|
TOTAL |
127578.173 |
107159.593 |
8.450 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
118244.187 |
106580.028 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
3896.027 |
(4002.931) |
0.000 |
|
|
|
Employees benefits expense |
223.637 |
168.002 |
0.000 |
|
|
|
Other expenses |
493.880 |
478.849 |
0.078 |
|
|
|
TOTAL |
122857.731 |
103223.948 |
0.078 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4720.442 |
3935.645 |
8.372 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3712.819 |
3099.231 |
2.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1007.623 |
836.414 |
6.226 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
325.129 |
266.928 |
0.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
682.494 |
569.486 |
6.191 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
170.519 |
70.363 |
2.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
511.975 |
499.123 |
4.083 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
481.310 |
481.310 |
(21.900) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
51.200 |
0.000 |
0.000 |
|
|
|
Dividend |
110.170 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
18.100 |
0.000 |
0.000 |
|
|
|
Dividend on Preference Shares |
1.400 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
812.415 |
481.310 |
(17.817) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
17.19 |
16.76 |
73.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.40 |
0.47 |
48.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.54 |
0.53 |
73.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.08 |
1.39 |
2.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.15 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
6.25 |
8.41 |
317.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
0.97 |
0.02 |
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 |
3.250 |
10.000 |
317.754 |
|
Reserves & Surplus |
9.687 |
1498.810 |
3883.479 |
|
Share
Application money pending allotment |
0.000 |
2310.116 |
0.000 |
|
Net worth |
12.937 |
3818.926 |
4201.233 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
3200.000 |
5200.000 |
|
Short term borrowings |
4110.504 |
28903.267 |
21074.915 |
|
Total borrowings |
4110.504 |
32103.267 |
26274.915 |
|
Debt/Equity ratio |
317.732 |
8.406 |
6.254 |
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 |
8.450 |
107108.203 |
127565.979 |
|
|
|
1,267,452.698 |
19.100 |
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 |
8.450 |
107108.203 |
127565.979 |
|
Profit |
4.083 |
499.123 |
511.975 |
|
|
48.32% |
0.47% |
0.40% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
0.000 |
0.221 |
0.000 |
|
|
|
|
|
|
Total |
0.000 |
0.221 |
0.000 |
s
|
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 |
Mo |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 21.07.2014 |
|
Lodging No.:- NMSL/1658/2014 Filing Date:- 21.07.2014 |
|
Lodging No.:- SL/1029/2013 Reg No:- S/298/2014 |
|
Petitioner: EURO VISTAA (INDIA) LIMITED AND ANR Respondent: EDELWEISS COMMODITIES SERVICES LIMITED
Reg No.: THAKORE JARIWAL AND ASSOCIATES (0) District: MUMBAI |
|
Bench: SINGLE Status: Pre-Admission
Category: NOTICE OF MOTION.
Last Date: 28.07.2014
Stage: Last Coram: ACCORDING TO SITTING LIST
|
|
Act: Code of civil procedure 1908 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate deposits |
1000.000 |
0.000 |
|
Loans and advances from others |
700.000 |
700.000 |
|
Other loans and advances |
3500.000 |
2500.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
344.249 |
0.000 |
|
Loans repayable on demand from banks |
6706.235 |
17205.400 |
|
Intercorporate deposits |
1164.000 |
2744.500 |
|
Deposits from others |
5.286 |
50.686 |
|
Commercial paper |
7685.448 |
0.000 |
|
Loans and advances from related parties |
4615.978 |
5635.329 |
|
|
|
|
|
Total |
25721.196 |
28835.915 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10411870 |
04/03/2013 * |
2,750,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018,
INDIA |
B72924319 |
|
2 |
10402373 |
24/01/2013 |
600,000,000.00 |
ICICI BANK LIMITED |
ICICI Bank Towers, Bandra Kurla Complex,
Mumbai, |
B67876300 |
|
3 |
10373553 |
16/07/2012 |
2,000,000,000.00 |
ICICI BANK LIMITED |
CAPITAL MARKET DIVISION, 30, MUMBAI
SAMACHAR MARG, FORT, MUMBAI, Mahssssarashtra - 400001, INDIA |
B56829088 |
|
4 |
10296174 |
21/06/2011 |
500,000,000.00 |
ICICI BANK LIMITED |
CAPITAL MARKET DIVISION, 30, MUMBAI
SAMACHAR MARG, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B16548240 |
* Date of charge modification
FINANCIAL PERFORMANCE
During the year ended March 31, 2013, the Company earned revenue of Rs. 127578.170 million as compared to 107159.590 million in the previous year. The profit after tax for the year ended March 31, 2013 was Rs. 511.980 million as compared to Rs. 499.120 million during the previous year. Of the total income during the year, income from treasury operations and investments stood at Rs. 1416.570 million and interest income stood at Rs. 3866.980s million.
FIXED ASSETS
œ Land
œ Buildings
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.60.43 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.79.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
67 |
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.