MIRA
INFORM REPORT
|
Report Date : |
27.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHAPOORJI PALLONJI AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
70, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.01.1943 |
|
|
|
|
Com. Reg. No.: |
11-003812 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2050.204
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1943PLC003812 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS39398C/ MUMS39389A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6994C/ AAACS9383H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Civil Construction Activity |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s proven track record in the construction,
infrastructure and real estate space support by its well diversified order
book and adequate liquidity position of the company. 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
AA+ [Proposed Non-Convertible Debenture] |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
07.02.2014 |
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 DECLINED
Management non co-operative (91-22-24341555)
LOCATIONS
|
Registered Office : |
70, Nagindas Master Road, Fort, Mumbai – 400 023, Maharashtra, India |
|
Tel. No.: |
91-22-22871040 |
|
Fax No.: |
91-22-66338176 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head/ Administrative Office/
Construction Division/ EPC Division 2/ Real Estate Division : |
Shapoorji Pallonji Centre, 41/44, MINOO Desai Marg, Colaba, Mumbai –
400 005, Maharashtra, India |
|
Tel. No.: |
91-22-22871040/ 41/ 22870197/ 67490000 |
|
Fax No.: |
91-22-66338176 |
|
E-Mail : |
|
|
|
|
|
Corporate Office
: |
36, 2nd Floor, 1st Main Road, CIT Nagar, Above SBI
Bank, Chennai, Tamilnadu, India |
|
Tel. No.: |
91-44-24341555 |
|
|
|
|
EPC Division 2 :
|
Mira Tower, 2nd Floor, DN-27, Sector V, Salt Lake, Kolkata
– 700 091, West Bengal, India |
|
Tel No.: |
91-33-66111200 |
|
Fax No.: |
91-33-23675248/ 66336442 |
|
|
|
|
Email : |
atanu.ranjan@shapoorji.com
(Mr. Atanu Ranjan) |
|
|
|
|
Design and Build
Division : |
Contractor Building, Basement, Ramjeebhai Kamani Marg, Ballard
Estate, Mumbai – 400 038, Maharashtra, India |
|
Tel No.: |
91-22-66233600 |
|
Fax No.: |
91--22-66233563 |
|
Email : |
paras.vishwakarma@shapoorji.com (Mr. Vishvakarma) |
|
|
|
|
Human Resources Department : |
Gresham House, 4th Floor, Sir PM Road, Fort, Mumbai – 400
001, |
|
Tel. No.: |
91-22-67490000 |
|
Fax No.: |
91-22-22662997 |
|
Email : |
|
|
|
|
|
Showroom : |
54, Abdul Rehman Street, Mumbai – 400 003, Maharashtra, India |
|
Tel. No.: |
91-22-23421770 |
|
Fax No.: |
91-22-23421517 |
|
|
|
|
Design and Build
Office : |
Design and Build Contractor Building, 1st Floor, Ramjibhai Kamani
Marg, Ballared estate, Mumbai – 400 038, Maharashtra, India |
|
Tel No.: |
91-22-66233500 |
|
Fax No.: |
91-22-66233533 |
|
|
|
|
Regional Offices
: |
Located at: · Ahmedabad · Bangalore · Chennai · Delhi · Hyderabad · Kolkata · Mumbai · Nagpur · Nasik · Pune |
|
|
|
|
Overseas Office:
|
Located at: · Dubai · Abu Dhabi · Kuwait · Algeria · Ghana · Saudi · Qatar · Libya · Sri Lanka |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shapoor Pallonji Mistry |
|
Designation : |
Managing Director |
|
Address : |
Sterling Bay, 103, Walkeshwar Road, Mumbai
– 400 006, Maharashtra, India |
|
Date of
Birth/Age : |
06.09.1964 |
|
Qualification : |
B.A. (England) Business and Economics Richmond College, London |
|
Date of
Appointment : |
29.09.2009 |
|
DIN
No.: |
00010114 |
|
PAN
No.: |
AAEPM2061M |
|
|
|
|
Name : |
Mr. Khushroo Burjor Captain |
|
Designation : |
Director |
|
Address : |
D/4, Palm Springs, 157, Cuffe Parade, Colaba, Mumbai – 400 005,
Maharashtra, India |
|
Date of Birth/Age
: |
24.04.1930 |
|
Qualification : |
B.A. LLB |
|
Date of
Appointment : |
18.07.1984 |
|
DIN
No.: |
00007518 |
|
|
|
|
Name : |
Mr. Firoze Kavshah Bhathena |
|
Designation : |
Whole Time Director |
|
Address : |
C/203, Shapoorji Pallonji Mistry Building, Dr. D.K. Shirodkar Road,
Parel, Mumbai – 400 012, Maharashtra, India |
|
Date of
Birth/Age : |
18.07.1948 |
|
Qualification : |
B. Com., M. Com |
|
Date of
Appointment : |
31.08.2009 |
|
DIN No.: |
00010075 |
|
|
|
|
Name : |
Kekoo Homji Colah |
|
Designation : |
Whole Time Director |
|
Address : |
10, 2nd Floor, Meher Building, Opposite Dady Seth Road,
Chowpatty, Mumbai – 400 007, Maharashtra, India |
|
Date of
Birth/Age : |
03.10.1953 |
|
Date of
Appointment : |
29.09.2012 |
|
DIN No.: |
00377478 |
|
|
|
|
Name : |
Jai Laxmikant Mavani |
|
Designation : |
Whole Time Director |
|
Address : |
G-401, Royal Classic, Next to Fame Adlabs, New Link Road, Andheri
(West), Mumbai – 400 058, Maharashtra, India |
|
Date of Birth/Age
: |
04.09.1971 |
|
Date of
Appointment : |
29.09.2012 |
|
DIN No.: |
05260191 |
KEY EXECUTIVES
|
Name : |
Mr. Roshen Minocher Nentin |
|
Designation : |
Secretary |
|
Address : |
King’s Building, Dr. Ambedkar Road, Parel, Mumbai – 400 012,
Maharashtra, India |
|
Date of Birth/Age : |
12.12.1952 |
|
Date of Appointment : |
20.10.1978 |
|
PAN No.: |
AAAPN6921F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Shapoor
Pallonji Mistry |
1081100 |
50000100 |
|
Cyrus
Pallonji Mistry |
1081100 |
50000100 |
|
Sterling
Investment Corporation Private Limited, India |
1346100 |
-- |
|
Cyrus
Investments Limited, India |
1346100 |
-- |
|
SC
Finance and Investments Private Limited, India |
50080900 |
-- |
|
SP
Finance Private Limited, India |
50080900 |
-- |
|
Blue
Arrow Finance Company Private Limited , India |
4000 |
-- |
|
|
|
|
|
TOTAL
|
105020200 |
100000200 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
97.94 |
|
Directors
or relatives of directors |
|
2.06 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil Construction Activity |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Deutsche
Bank AG, 222, Kodak House, D.N. Road, Fort, Mumbai – 400 001, Maharashtra,
India ·
Axis Bank Limited, 2nd Floor,
Statesman House, 148, Barakhamba Road, New Delhi – 110 001, India ·
The Zoroastrian Co-Operative Bank Limited, Mumbai
Main Branch, Yusuf Building, Ground Floor, V.N. Road, Fort, Mumbai – 400 001,
Maharashtra, India ·
Standard
Chartered Bank, 90, M.G. Road, Post Box No. 141, Fort, Mumbai-400001,
Maharashtra, India ·
The
Central Bank of India Limited, M.G. Road, Mumbai-400001, Maharashtra, India ·
ICICI
Limited, C-15, Bandra Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra, India ·
HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SREI Equipment Finance Private Limited, Vishwakarma, 86c, Topsia Road,
Kolkata-700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant
Road, Opposite Shiv Sagar Estate, Worli, Mumbai-400 018, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN No: |
AACFD4815A |
|
|
|
|
Associates/Subsidiaries : |
·
Sunny View Estates Private Limited [U70100MH1998PTC114964] ·
Relationship Properties Private Limited [U45200MH2008PTC178830] ·
Afcons Infrastructure Limited [U45200MH1976PLC019335] ·
Floreat Investments Limited [U65990MH1989PLC050983] ·
Flooraise Developers Private Limited [U45200MH2005PTC158340] ·
Manjri Horse Breeders' Farm Private Limited [U01210MH2007PTC174746] ·
S.D. Suburban Development Private Limited [U70109MH2010PTC202849] ·
Sharus Building Services India Private Limited [U51432MH1999PTC121951] ·
Sterling and Wilson Limited [U31200MH1974PLC017538] ·
S P Fabricators Private Limited [U25192MH1993PTC072591] ·
Forvol International Services Limited [U55100MH1977PLC019660] ·
Forbes & Company Limited [L17110MH1919PLC000628] ·
Eureka Forbes Limited [U27109WB1931PLC007010] ·
United Motors (India) Limited [U28100MH1920PLC000807] ·
Corporate Apparel USA Inc ·
Shapoorji Pallonji Energy (Gujarat) Private Limited
[U40100GJ2008PTC054060] ·
Shapoorji Pallonji Infrastructure Capital Company Limited
[U65990MH1997PLC108596] ·
Shapoorji Pallonji Power Projects Private Limited
[U40103TN2010PTC088516] ·
SP Ports Private Limited [U45400GJ2010PTC069101] ·
Gokak Textiles Limited [L17116KA2006PLC038839] ·
Shapoorji Pallonji Roads Private Limited [U45203MH2010PTC202625] ·
Sterling Industries FZ LLC ·
Bengal Shapoorji Housing Development Private Limited
[U65990MH1988PTC049619] ·
S D Corporation Private Limited [U70109MH1998PTC116091] ·
Sterling Motors ·
Shapoorji Pallonji Mid-East (LLC) ·
Natural Oil Ventures Company Limited ·
Grand View Estates Private Limited [U70100MH1998PTC114764] ·
Shapoorji Pallonji International FZE ·
SP Advanced Engineering Materials Private Limited
[U25200MH1999PTC122842] ·
Khvafar Investments Private Limited [U67120MH1995PTC084747] ·
Shapoorji Pallonji (Gwalior) Private Limited [U51900MH1944PTC020365] ·
Sterling and Wilson Middle East Electromechanical LLC |
|
|
|
|
Other Related Parties : |
·
Sterling Investment Corporation Private Limited
[U70100MH1943PTC003997] ·
Cyrus Investments Private Limited [U65920MH1923PTC001053] ·
Shapoorji Pallonji Foundation Trust ·
Pallonji Shapoorji Charity Trust ·
Goswami Infratech Private Limited [U45209DL2012PTC241323] ·
Galina Consultancy Services Private Limited [U93030MH2012PTC236764] ·
Pallonji Shapoorji And Company Private Limited [U45200MH1951PTC008529] ·
Anand Agencies Private Limited |
|
|
|
|
Joint Venture : |
·
Larsen and Toubro Limited Shapoorji Pallonji and Co Limited ·
Armada D1 Pte Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
105050000 |
Equity Shares |
Rs.10/- each |
Rs.1050.500 Millions |
|
100000200 |
Preferences Shares |
Rs.10/- each |
Rs.1000.002 Millions |
|
|
TOTAL
|
|
Rs.2050.502
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
105020200 |
Equity Shares |
Rs.10/- each |
Rs.1050.202
Millions |
|
100000200 |
Preferences Shares |
Rs.10/- each |
Rs.1000.002
Millions |
|
|
TOTAL |
|
Rs.2050.204 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 |
2050.204 |
2050.204 |
2040.204 |
|
(b) Reserves &
Surplus |
13805.227 |
13274.160 |
8678.955 |
|
(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) |
15855.431 |
15324.364 |
10719.159 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
11578.427 |
5284.736 |
8815.699 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
4056.785 |
3546.148 |
5730.086 |
|
(d) long-term provisions |
659.354 |
529.732 |
413.866 |
|
Total Non-current
Liabilities (3) |
16294.566 |
9360.616 |
14959.651 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20829.161 |
13375.182 |
8931.234 |
|
(b) Trade payables |
10508.377 |
8822.920 |
6539.300 |
|
(c) Other current
liabilities |
16294.603 |
19808.352 |
14199.293 |
|
(d) Short-term provisions |
600.250 |
629.710 |
288.989 |
|
Total Current Liabilities
(4) |
48232.391 |
42636.164 |
29958.816 |
|
|
|
|
|
|
TOTAL |
80382.388 |
67321.144 |
55637.626 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2511.748 |
2420.555 |
2225.801 |
|
(ii) Intangible Assets |
1.287 |
2.574 |
1.707 |
|
(iii) Capital
work-in-progress |
2.584 |
2.584 |
13.741 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15017.811 |
14424.269 |
11044.989 |
|
(c) Deferred tax assets
(net) |
568.876 |
541.727 |
334.542 |
|
(d) Long-term Loan and Advances |
9979.409 |
8474.004 |
7396.867 |
|
(e) Other Non-current
assets |
2741.337 |
2636.598 |
1454.183 |
|
Total Non-Current Assets |
30823.052 |
28502.311 |
22471.830 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.005 |
0.005 |
0.000 |
|
(b) Inventories |
10066.695 |
9685.215 |
8993.442 |
|
(c) Trade receivables |
19650.825 |
14673.832 |
10346.918 |
|
(d) Cash and cash
equivalents |
1883.804 |
1800.282 |
2316.940 |
|
(e) Short-term loans and
advances |
13080.462 |
10301.561 |
10230.158 |
|
(f) Other current assets |
4877.545 |
2357.938 |
1278.338 |
|
Total Current Assets |
49559.336 |
38818.833 |
33165.796 |
|
|
|
|
|
|
TOTAL |
80382.388 |
67321.144 |
55637.626 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
45158.826 |
41181.935 |
32206.823 |
|
|
|
Other Income |
3440.669 |
3295.973 |
2944.885 |
|
|
|
TOTAL (A) |
48599.495 |
44477.908 |
35151.708 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of materials consumed |
37099.371 |
35341.210 |
26870.858 |
|
|
|
Purchases
of stock-in-trade |
5.543 |
7.136 |
41.383 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
1142.670 |
401.545 |
407.473 |
|
|
|
Employee
benefit expense |
4159.621 |
3529.304 |
2717.854 |
|
|
|
Other
expenses |
997.464 |
917.805 |
1063.600 |
|
|
|
TOTAL (B) |
43404.669 |
40197.000 |
31101.168 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5194.826 |
4280.908 |
4050.540 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4255.595 |
3330.334 |
2176.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
939.231 |
950.574 |
1874.436 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
422.589 |
426.741 |
347.068 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
516.642 |
523.833 |
1527.368 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(14.425) |
(197.572) |
40.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
531.067 |
721.405 |
1487.181 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
6690.599 |
5203.418 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
6690.599 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Technical Know-how fees |
31.252 |
28.555 |
8.964 |
|
|
|
Construction income |
1959.136 |
434.513 |
72.360 |
|
|
|
Interest income |
0.390 |
1.196 |
24.910 |
|
|
|
Miscellaneous income |
0.000 |
0.317 |
0.501 |
|
|
TOTAL EARNINGS |
1990.778 |
464.581 |
106.735 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
705.725 |
117.046 |
46.935 |
|
|
|
Components and spare parts |
63.453 |
5.265 |
6.071 |
|
|
|
Capital Goods |
0.000 |
309.654 |
20.845 |
|
|
TOTAL IMPORTS |
769.178 |
431.965 |
73.851 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
-
Basic |
5.06 |
6.93 |
14.40 |
|
|
|
-
Diluted |
5.06 |
6.87 |
14.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.09
|
1.62 |
4.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.14
|
1.27 |
4.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.80
|
1.00 |
3.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.03 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.05
|
1.22 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
0.91 |
1.11 |
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 |
2040.204 |
2050.204 |
2050.204 |
|
Reserves & Surplus |
8678.955 |
13274.160 |
13805.227 |
|
Net worth |
10719.159 |
15324.364 |
15855.431 |
|
|
|
|
|
|
long-term borrowings |
8815.699 |
5284.736 |
11578.427 |
|
Short term borrowings |
8931.234 |
13375.182 |
20829.161 |
|
Total borrowings |
17746.933 |
18659.918 |
32407.588 |
|
Debt/Equity ratio |
1.656 |
1.218 |
2.044 |
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 |
32206.823 |
41181.935 |
45158.826 |
|
|
|
27.867 |
9.657 |
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 |
32206.823 |
41181.935 |
45158.826 |
|
Profit |
1487.181 |
721.405 |
531.067 |
|
|
4.62% |
1.75% |
1.18% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date: 25/06/2014 |
|||||||
|
Lodging No. : |
ARBAPL/997/2014 |
Failing Date:- |
25/06/2014 |
Reg. No.:- |
ARBAP/213/2014 |
Reg. Date:- |
04/08/2014 |
|
|
|||||||
|
Petitioner:- |
BALAJEE INFRATECH AND CONSTRUCTIONS PRIVATE LIMITED |
Respondent:- |
SHAPOORJI PALLONJI AND COMPANY LIMITED |
||||
|
Petn.Adv:- |
BHARAT ANANDA PUNEKAR (I722) |
|
|
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
SINGLE |
Category:- |
ARBITRATION APPLICATIONS |
||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR HEARING AND FINAL DISPOSAL (ORIGINAL SIDE MATTERS) |
||||
|
Last Date:- |
27/08/2014 |
|
|||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE S.J. KATHAWALLA |
||||||
|
|
|
||||||
|
Act. : |
Arbitration and Conciliation Act 1996 |
Under Section 11 (6) |
|||||
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Rupee term loans from banks |
3000.000 |
4500.000 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Rupee term loans from banks |
4276.923 |
6487.387 |
|
Term loans from others |
800.000 |
300.000 |
|
Loans and advances from related parties |
565.493 |
340.000 |
|
Commercial paper |
14994.918 |
6247.795 |
|
Loans repayable on demand from banks |
18.051 |
0.000 |
|
TOTAL
|
23637.334 |
17875.182 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434046 |
03/06/2013 |
250,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B78383668 |
|
2 |
10417385 |
25/02/2013 |
75,000,000.00 |
THE ZOROASTRIAN
CO-OPERATIVE BANK LIMITED |
FORT BRANCH,
YUSUF BUILDING, GROUND FLOOR, V.N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B72470800 |
|
3 |
10392361 |
30/10/2012 |
2,000,000,000.00 |
AXIS BANK
LIMITED |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B64287147 |
|
4 |
10366529 |
29/06/2012 |
10,000,000,000.00 |
HOUSING DEVELOPMENT
FINANCE CORPORATION LIMITED |
RAMON HOUSE
169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B44178556 |
|
5 |
10330131 |
25/11/2011 |
100,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B30008064 |
|
6 |
10314329 |
06/09/2011 |
44,000,000.00 |
THE ZOROASTRIAN
CO-OPERATIVE BANK LIMITED |
FORT BRANCH,,
YUSUF BUILDING, GROUND FLOOR, V.N. |
B23990948 |
|
7 |
10289700 |
23/05/2011 |
200,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B14088462 |
|
8 |
10267033 |
21/01/2011 |
250,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B05577572 |
|
9 |
10267034 |
21/01/2011 |
250,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B05577606 |
|
10 |
10267035 |
21/01/2011 |
250,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B05577689 |
|
11 |
10267036 |
21/01/2011 |
250,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B05577747 |
|
12 |
10257080 |
07/12/2010 |
600,000,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, 66/80, MUMBAI SAMACHAR |
B00046557 |
|
13 |
10259242 |
29/11/2010 |
85,800,000.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B02470383 |
|
14 |
10255871 |
13/05/2011 * |
173,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, M |
B12721759 |
|
15 |
10231785 |
08/07/2010 |
110,000,000.00 |
BANK OF BAHRAIN AND
KUWAIT B.S.C |
JOLLY MAKER
CHAMBER II, GROUND FLOOR 225, NARIMAN POINT, MUMBAI - 400 021, MUMBAI,
MAHARASHTRA - 400021, INDIA |
A90028069 |
|
16 |
10211506 |
22/03/2010 |
50,000,000.00 |
BANK OF BAHRAIN
AND KUWAIT B.S.C |
JOLLY MAKER CHAMBER
II, GROUND FLOOR 225, NARIMAN POINT, MUMBAI - 400 021, MUMBAI, MAHARASHTRA -
400021, INDIA |
A82714395 |
|
17 |
10220554 |
18/03/2010 |
500,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A85108710 |
|
18 |
10156978 |
24/04/2009 |
250,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE
CORPORATE BRANCH , 70/80 M G ROAD, 4TH FLOOR, FORT, MUMBAI, MAHARASHTRA -
400001, IN |
A62063813 |
|
19 |
10135907 |
16/10/2010 * |
200,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A96956404 |
|
20 |
10032820 |
22/02/2013 * |
1,016,000,000.00 |
DEUTSCHE BANK AG |
222, KODAK HOUSE,
D N ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B69507812 |
|
21 |
10016447 |
06/08/2007 * |
100,000,000.00 |
STANDARD
CHARTERED BANK |
90, M G ROAD,
FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA |
A19894575 |
|
22 |
90235146 |
09/01/2006 |
1,750,000,000.00 |
STANDARD
CHARTERED BANK |
MUMBAI BRANCH,
M.G. ROAD; FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
23 |
90213714 |
21/05/2001 |
423,052.00 |
CITICORP FINANCE
INDIA LIMITED |
1ST FLOOR; PLOT NO.
C-61, G- BLOCK BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
24 |
90213302 |
31/12/1998 |
150,000,000.00 |
ANZ GRINDLAYS
BANK |
90; M.G. ROAD,
POST BOX NO.141; FORT, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
25 |
90211251 |
29/03/1978 |
2,000,000.00 |
MISHRA DHATU
NIGAM LIMITED |
KANCHENBAGH,
HYDERABAD, ANDHRA PRADESH - 500258, INDIA |
- |
|
26 |
90211224 |
17/09/1975 |
2,000,000.00 |
THE VYSYA BANK
LIMITED |
586; CHIRA
BAZAR, BOMBAY, MAHARASHTRA - 400002, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
Tangible Assets:
·
Land and Land Improvements
·
Building and Building Improvements
·
Plant and Machinery
·
Office Equipments
·
Computer Equipments
·
Furniture and Fixtures
·
Vehicles
Intangible Assets:
·
Computer Software
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 records 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] 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.60.50 |
|
|
1 |
Rs.100.33 |
|
Euro |
1 |
Rs.79.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
HET |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
66 |
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.