MIRA
INFORM REPORT
|
Report Date : |
28.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
A. R. S. METALS PRIVATE LIMITED (w.e.f 02.07.2013) |
|
|
|
|
Formerly Known
As : |
A.R.S. METALS LIMITED (w.e.f. 28.05.2009) A.R.S.METALS PRIVATE LIMITED |
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Registered
Office : |
D – 109, 2nd Floor, LBR Complex, Chinthamani, Anna Nagar
East, Chennai – 600102, Tamilnadu. |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
19.09.1990 |
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Com. Reg. No.: |
18-032178 |
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Capital
Investment / Paid-up Capital : |
Rs. 80.734 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U27209TN1990PTC032178 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACA5351P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of TMT Bars. |
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|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years.
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
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
.
. Ukrain’s clashes with rebels hinder MH17 crash investigation
.
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in
. 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 = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
15.07.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
15.07.2014 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Selvi |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-44-45606700 |
|
Date : |
27.08.2014 |
LOCATIONS
|
Registered Office / Corporate office : |
D – 109, 2nd Floor, LBR Complex, Chinthamani, Anna Nagar
East, Chennai – 600102, |
|
Tel. No.: |
91-44-43500684 / 43500593 / 43500687 (8 lines) / 45606700 |
|
Fax No.: |
91-44-43500597 |
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E-Mail : |
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Website: |
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Power Site: |
Survey No: 207, Eguvarpalayam Village, Gummidipoondi Thiruvallur (District) – 601 201, Tamilnadu, India. |
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|
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Steel Factory: |
B – 1 / S, Sipcot Industrial Complex. Gummidipundi – 601201, |
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Tel. No.: |
91-44-27922552 / 27922846 / 27921749 |
DIRECTORS
As on 30.09.2013
|
Name : |
Ms. Ashwani Kumar Bhatia |
|
Designation : |
Managing Directors |
|
Address : |
B – 4 / 50, Paschim Vihar. |
|
Date of Birth/Age : |
19.09.2008 |
|
Date of Appointment : |
19.09.1990 |
|
DIN No.: |
00105523 |
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PAN No.: |
AAMPK7991G |
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|
|
|
Name : |
Mr. Darshan Lal Bhatia |
|
Designation : |
Director |
|
Address : |
B – 3 / 385, Paschim Vihar. |
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Date of Birth/Age : |
12.07.1940 |
|
Date of Appointment : |
08.09.2008 |
|
DIN No.: |
00106692 |
|
|
|
|
Name : |
Mr. Prem Dutt Bhatia |
|
Designation : |
Director |
|
Address : |
237, Ambica Vihar, Paschim Vihar, |
|
Date of Birth/Age : |
16.08.1943 |
|
Date of Appointment : |
10.12.1991 |
|
DIN No.: |
00249331 |
|
PAN No.: |
AIGPB1337F |
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|
|
|
Name : |
Mr. Sathya Narayana Murthy Chintha Venkata |
|
Designation : |
Directors |
|
Address : |
576, Anuthama Apartments. |
|
Date of Birth/Age : |
13.07.1966 |
|
Qualification : |
B Tech MBA. |
|
Date of Appointment : |
01.11.2005 |
|
DIN No.: |
00496576 |
|
PAN No.: |
BUIPS4690F |
|
|
|
|
Name : |
Mr. Rajesh Bhatia |
|
Designation : |
Director |
|
Address : |
B – 4 / 50, Paschim Vihar. |
|
Date of Birth/Age : |
09.07.1988 |
|
Date of Appointment : |
06.07.2009 |
|
DIN No.: |
02564103 |
|
PAN No.: |
ALCPB6704D |
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|
|
|
Name : |
Mr. Xavier |
|
Designation : |
Director |
|
Address : |
2A / 10, Mithilam Flats, Sriram Nagar, Main Raod, Nolambur, Chennai –
600095, Tamilnadu, India |
|
Date of Birth/Age : |
18.11.1959 |
|
Date of Appointment : |
26.04.2013 |
|
DIN No.: |
06581219 |
KEY EXECUTIVES
|
Name : |
Ms. Selvi |
|
Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
71.02 |
|
Directors or relatives of Directors |
28.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of TMT Bars. |
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Products : |
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Imports : |
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Products : |
Scraps |
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Countries : |
·
South Africa ·
Europe |
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Terms : |
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Selling : |
Cheque / Credit |
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Purchasing : |
Cheque / Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
·
Canara Bank. Anna Nagar East Branch, Door No. 12 and
13 II Avenue Tana, Chennai – 600102, Tamilnadu, India. ·
Oriental Bank of Commerce. Oversease Branch,
Padma Complex. Nandanam – 600035, Chennai. ·
Andhra Bank, 48/39, Wavoo Mansion, Rajaji
Salai, Chennai - 600001, Tamilnadu, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Financial Institution : |
· PNB Housing Finance Limited, 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi - 110001, India · Tamilnadu Industrial Investment Corporation Limited, No.692, Anna Salai, Nandanam, Chennai - 600035, Tamilnadu, India |
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Auditors : |
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|
Name : |
A. Krishnamoorthy and Company Chartered Accountants |
|
Address : |
43, (Old No. 16/3), Ramaswamy Street, T. Nagar, Chennai- 600017, Tamilnadu, India |
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PAN No.: |
AGHPK4186E |
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|
|
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Associate : |
· Leading Estates Limited · East Delhi Leasing Private Limited ·
Bgs Credit Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8097242 |
Equity Shares |
Rs.10/- each |
Rs.80.972 Millions |
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As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8073442 |
Equity Shares |
Rs.10/- each |
Rs.80.734 Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
80.734 |
58.983 |
41.658 |
|
(b) Reserves & Surplus |
1896.575 |
1283.704 |
761.711 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.005 |
23.602 |
|
Total
Shareholders’ Funds (1) + (2) |
1977.309 |
1342.692 |
826.971 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2730.312 |
1588.911 |
348.134 |
|
(b) Deferred tax liabilities (Net) |
14.935 |
14.060 |
18.704 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
2745.247 |
1602.971 |
366.838 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1034.679 |
592.734 |
440.421 |
|
(b) Trade payables |
207.372 |
92.919 |
54.210 |
|
(c) Other current
liabilities |
66.384 |
39.081 |
47.177 |
|
(d) Short-term provisions |
18.364 |
22.825 |
15.326 |
|
Total Current Liabilities (4) |
1326.799 |
747.559 |
557.134 |
|
|
|
|
|
|
TOTAL |
6049.355 |
3693.222 |
1750.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
593.577 |
476.570 |
533.249 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2994.018 |
519.197 |
8.609 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.256 |
6.076 |
19.480 |
|
(e) Other Non-current assets |
422.464 |
132.425 |
0.000 |
|
Total Non-Current Assets |
4016.315 |
1134.268 |
561.338 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.950 |
0.050 |
0.000 |
|
(b) Inventories |
805.426 |
523.995 |
383.029 |
|
(c) Trade receivables |
447.055 |
234.885 |
296.041 |
|
(d) Cash and cash
equivalents |
97.365 |
28.594 |
42.372 |
|
(e) Short-term loans and
advances |
267.962 |
189.670 |
121.932 |
|
(f) Other current assets |
414.282 |
1581.760 |
346.231 |
|
Total Current Assets |
2033.040 |
2558.954 |
1189.605 |
|
|
|
|
|
|
TOTAL |
6049.355 |
3693.222 |
1750.943 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3484.592 |
3446.217 |
2762.268 |
|
|
|
Other Income |
NA |
21.787 |
11.170 |
|
|
|
TOTAL (A) |
NA |
3468.004 |
2773.438 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
2664.914 |
2136.276 |
|
|
|
Purchases of Stock-in-Trade |
|
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(10.874) |
4.965 |
|
|
|
Employees benefits expense |
|
30.097 |
21.491 |
|
|
|
Other expenses |
|
570.225 |
473.002 |
|
|
|
TOTAL (B) |
NA |
3254.362 |
2635.734 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
213.642 |
137.704 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
88.048 |
48.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
104.342 |
125.594 |
88.843 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
49.093 |
45.022 |
35.041 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
55.249 |
80.572 |
53.802 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.732 |
17.692 |
19.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
41.517 |
62.880 |
34.264 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
168.254 |
105.374 |
71.110 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
209.771 |
168.254 |
105.374 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
5.14 |
10.66 |
8.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
1.81 |
1.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.59 |
2.34 |
1.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.81 |
2.54 |
3.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.90 |
1.62 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
3.42 |
2.14 |
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 |
41.658 |
58.983 |
80.734 |
|
Reserves & Surplus |
761.711 |
1283.704 |
1896.575 |
|
Share Application money pending
allotment |
23.602 |
0.005 |
0.000 |
|
Net
worth |
826.971 |
1342.692 |
1977.309 |
|
|
|
|
|
|
long-term borrowings |
348.134 |
1588.911 |
2730.312 |
|
Short term borrowings |
440.421 |
592.734 |
1034.679 |
|
Total
borrowings |
788.555 |
2181.645 |
3764.991 |
|
Debt/Equity
ratio |
0.954 |
1.625 |
1.904 |
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 |
2762.268 |
3446.217 |
3484.592 |
|
|
|
24.760 |
1.114 |
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 |
2762.268 |
3446.217 |
3484.592 |
|
Profit |
34.264 |
62.880 |
41.517 |
|
|
1.24% |
1.82% |
1.19% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
PERFORMANCE OF THE
COMPANY
STEEL DIVISION
The Company has achieved a turnover of Rs.3484.500 Millions for the Financial Year ended 31st March 2013 with a marginal increase over the previous Financial Year ended 31.03.2012. The Steel Industry is passing through rough weathers. Technology Upgradation is the Mantra of the day wherein the Company, during the Current Financial Year, has installed Hot Liquid Metal Transfer by means of a Laddle Car to produce Billets from CCM. This process is aimed at improving the quality of the raw materials for the Rolling Mill. The Hot Charging Process is installed by taking the hot Billets directly from the CCM to the rolling mill by avoiding the process of reheating. This process will reduce the cost by saving the Energy and Fuel besides helping the environment by lesser carbon emission.
The world economy is passing through difficult times. The company is no exception to it. The non availability of sand and blue metal in the market and the general recession in economy is affecting the construction activity to a larger extent thereby affecting our top lines.
POWER DIVISION
Project Cost of Rs.3250.000 Millions and a debt component of Rs.2770.000 Millions duly financed by the Consortium of Bankers with Canara Bank as the Leader and Andhra Bank, Bank of Baroda and Punjab National Bank as the other members. For better performance and cost saving measures, it was decided to go for Balancing Equipments of Rs.475.000 Millions with a debt component of Rs.350.000 Millions and equity component of Rs.125.000 Millions. The above Consortium has sanctioned the necessary Term Loans in the proportion of 25% each besides sanctioning Working Capital Limits of Rs.520.000 Millions (CC:Rs.170.000 Millions and ILC/FLC: Rs.350.000 Millions). While Andhra Bank has released their share with Individual Documentation, the Joint Documentation was executed on 09-05-2013. The necessary approvals have been obtained from the statutory authorities. M/s. Cethar Limited, Trichy has been appointed as the main EPC Contractor while the turbine has been imported from Shin Nippon Machinery Company Limited, Tokyo, Japan. Relevant contractors /sub-contractors for Civil, Mechanical and Electrical works have been appointed. The Project been successful commissioned on 28th June, 2013. The Plant has over come the intial hiccups by stabilizing the production from 10th Aug 2013. Coal tie up has been made with Indonasian Suppliers. Their marketing team is on the look out for a long term relationship for the sale of Power. M/s. O E G India Private Limited is our O and M contractor of our Power Plant. The company has been converted into a Private Limited Company and the name is changed to Subject on 02-07-2013. Sri Xavier, Vice-President of the Power Division has been appointed as Director on Board from May, 2013
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Loans and advances from directors |
69.303 |
2.003 |
|
Total |
69.303 |
2.003 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10477079 |
07/02/2014 |
150,000,000.00 |
TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITE |
NO.692, ANNA SALAI,, NANDANAM, CHENNAI, TAMILNADU - 600035, INDIA |
B96145966 |
|
2 |
10466595 |
23/11/2013 |
30,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH, SPENCER TOWER 1, GROUND FLOOR 770 A, ANNA SALAI, CHENNAI, TAMILNADU - 600002, INDIA |
B92135029 |
|
3 |
10429694 |
17/05/2013 * |
520,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH, SPENCER TOWER I,, GROUND |
B76864982 |
|
4 |
10403240 |
06/02/2013 |
95,800,000.00 |
INDIAN OVERSEAS BANK |
IV MAIN ROAD BRANCH, V BLOCK, PLOT NO.4035, NO.83, 4TH MAIN ROAD, ANNA NAGAR, CHENNAI, TAMILNADU - 600040, INDIA |
B68214683 |
|
5 |
10440033 |
29/12/2012 |
88,009,411.00 |
PNB HOUSING FINANCE LIMITED |
9TH FLOORANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI, DELHI - 110001, INDIA |
B73597361 |
|
6 |
10379970 |
14/09/2012 |
70,000,000.00 |
ORIENTAL BANK OF COMMERCE |
OVERSEAS BRANCH, PADMA COMPLEX, NO.467, ANNA SALAI, CHENNAI, TAMILNADU - 600035, INDIA |
B59475533 |
|
7 |
10298519 |
06/06/2011 |
4,284,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B17222183 |
|
8 |
10296126 |
25/05/2011 |
1,267,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA |
B16536203 |
|
9 |
10283219 |
17/05/2013 * |
2,770,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH, SPENCER TOWER I,, GROUND |
B76864131 |
|
10 |
10248990 |
26/12/2013 * |
1,350,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH,, 770 ANNA SALAI, SPENCER |
B94414968 |
|
11 |
10227722 |
04/01/2011 * |
240,000,000.00 |
ORIENTAL BANK OF COMMERCE |
OVERSEAS BRANCH, PADMA COMPLEX, 467, ANNA SALAI, CHENNAI, TAMILNADU - 600035, INDIA |
B03528742 |
|
12 |
10111041 |
13/07/2012 * |
1,765,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH, 770, ANNA SALAI, SPENCER TOWER I, CHENNAI, TAMILNADU - 600002, INDIA |
B44969947 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other 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.60.47 |
|
|
1 |
Rs.100.15 |
|
Euro |
1 |
Rs.79.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.