MIRA INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
KPIT TECHNOLOGIES LIMITED (w.e.f. 25.07.2013) KPIT GLOBAL SOLUTIONS LIMITED AMALGAMATED
WITH KPIT
TECHNOLOGIES LIMITED |
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Formerly Known
As : |
KPIT CUMMINS INFOSYSTEMS LIMITED |
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Registered
Office : |
35 and 36, Rajiv Gandhi Infotech Park, Phase-1, MIDC Hinjewadi, Pune –
411057, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.12.1990 |
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Com. Reg. No.: |
11-059594 |
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Capital
Investment / Paid-up Capital : |
Rs.370.989 Millions |
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CIN No.: [Company Identification
No.] |
L72200PN1990PLC059594 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK7308N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing technological services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
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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 well-established company having fine track record. The rating reflects company’s healthy operational risk profile marked
by decent financial base and adequate profitability levels of the company. 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 business dealings at
usual trade terms and conditions. NOTE: As claimed by
Ms. Jaimeet Kaur (Secretarial Department) that the subject was amalgamated
with “KPIT TECHNOLOGIES LIMITED” in the year of 26th September
2014. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Jaimeet Kaur |
|
Designation : |
Secretarial Department |
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Contact No.: |
91-20-66525000 |
|
Date : |
05.12.2014 |
LOCATIONS
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Registered Office : |
35 and 36, Rajiv Gandhi Infotech Park, Phase-1, MIDC Hinjewadi, Pune –
411057, Maharashtra, India |
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Tel. No.: |
91-20-66525000 |
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Fax No.: |
91-20-66525001 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 25.07.2014
|
Name : |
Mr. Kishor Parshuram Patil |
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Designation : |
Managing Director |
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Address : |
Dwarka, Plot 15, Tejas Cooperative Housing Society, Kothrud, Pune -
411038, Maharashtra, India |
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Date of Birth/Age : |
17.01.1962 |
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Date of Appointment : |
28.12.1990 |
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DIN No.: |
00076190 |
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Name : |
Mr. Adi Jehangir Engineer |
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Designation : |
Director |
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Address : |
A-8, Salisbury Apartments, 55.2, Salisbury Park, Gultekdi, Pune -
411037, Maharashtra, India |
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Date of Birth/Age : |
27.08.1937 |
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Date of Appointment : |
22.10.2013 |
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DIN No.: |
00016320 |
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Name : |
Mr. Anant Jaivant Talaulicar |
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Designation : |
Director |
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Address : |
Flat No. 2101 A & B, Sterling Tower, Goregaonkar Road, Gamdevi,
Mumbai - 400007, Maharashtra, India |
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Date of Birth/Age : |
11.07.1961 |
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Date of Appointment : |
21.10.2014 |
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DIN No.: |
00031051 |
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Name : |
Mr. Raghunath Anant Mashelkar |
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Designation : |
Director |
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Address : |
D-4, Varsha Park, Raghunath Bunglow, Baner Road. Baner, Pune - 411045,
Maharashtra, India |
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Date of Birth/Age : |
01.01.1943 |
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Date of Appointment : |
30.05.2008 |
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DIN No.: |
00074119 |
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Name : |
Mr. Lila Firoz Poonawalla |
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Designation : |
Director |
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Address : |
Fili Villa S.No.23, Baner Road, Balewadi, Pune - 411045, Maharashtra,
India |
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Date of Birth/Age : |
16.09.1944 |
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Date of Appointment : |
30.05.2008 |
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DIN No.: |
00074392 |
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Name : |
Mr. Shashishekhar Balkrishna Pandit |
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Designation : |
Director |
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Address : |
Pracheeti, S-43.1, Behind Hotel Chaitraban, Paud Road, Bavdhan Kurd,
Pune - 411021, Maharashtra, India |
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Date of Birth/Age : |
29.03.1950 |
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Date of Appointment : |
28.12.1990 |
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DIN No.: |
00075861 |
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Name : |
Mr. Amit Babasaheb Kalyani |
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Designation : |
Director |
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Address : |
Amit, 221.A, Kalyani Nagar, Yerawada, Pune - 411006, Maharashtra,
India |
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Date of Birth/Age : |
26.07.1975 |
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Date of Appointment : |
30.05.2006 |
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DIN No.: |
00089430 |
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Name : |
Mr. Sanjay Kukreja |
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Designation : |
Director |
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Address : |
A - 362, Deffence Colony, New Delhi - 110024, Delhi, India |
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Date of Birth/Age : |
24.06.1977 |
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Date of Appointment : |
28.01.2013 |
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DIN No.: |
00175427 |
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Name : |
Mr. Subbu Venkata Rama Behara |
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Designation : |
Director |
|
Address : |
142.A, Twin Towers,, Prabhadevi,, Mumbai - 400025, Maharashtra, India |
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Date of Birth/Age : |
14.02.1954 |
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Date of Appointment : |
29.04.2013 |
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DIN No.: |
00289721 |
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Name : |
Mr. Dwayne Leroy Allen |
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Designation : |
Director |
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Address : |
961, Avondale Avenue, Cincinnati,, Ohio, 45229, United States of
America |
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Date of Birth/Age : |
13.08.1961 |
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Date of Appointment : |
21.10.2014 |
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DIN No.: |
02790468 |
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Name : |
Mr. Sachin Dattatraya Tikekar |
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Designation : |
Director |
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Address : |
150, Grant Street, Ridgewood Nj, 07450, United States of America |
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Date of Birth/Age : |
03.04.1968 |
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Date of Appointment : |
20.10.2011 |
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DIN No.: |
02918460 |
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Name : |
Mr. Alberto Luigi Sangiovanni Vincentelli |
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Designation : |
Director |
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Address : |
200 Tunnel Road, Berkeley, 94705, United States of America |
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Date of Birth/Age : |
23.06.1947 |
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Date of Appointment : |
30.04.2012 |
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DIN No.: |
05260121 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Kashinath Patwardhan |
|
Designation : |
Chief Finance Officer |
|
Address : |
Flat No. A-1.51, Dahanukar Residency, Kothrud, Pune - 411038, Maharashtra,
India |
|
Date of Appointment : |
01.04.2014 |
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PAN No.: |
ABFPP1704L |
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Name : |
Mr. Swaminathan R |
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Designation : |
Secretary |
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Address : |
317,Brigade Residency Apartments, Uttarahalli Main Road, Bangalore -
560061, Karnataka, India |
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Date of Birth/Age : |
13.01.1966 |
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Date of Appointment : |
29.04.2013 |
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PAN No.: |
AKAPS3293B |
MAJOR SHAREHOLDERS
AS ON 25.07.2014
SHAREHOLDERS DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 25.07.2014
|
Category |
Percentage |
|
Public financial companies |
0.01 |
|
Nationalised or other banks |
0.18 |
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Mutual funds |
5.59 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
55.15 |
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Bodies corporate |
20.04 |
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Directors or relatives of Directors |
3.63 |
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Other top fifty shareholders |
5.73 |
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Others |
9.67 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing technological services. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India Industrial Finance Branch Pune, Tara Chambers,2nd Floor, Near Mariaaipolice Chowky, Old Pune Mumbai Highway,Wakdewadi, Pune – 411003, Maharashtra, India · Standard Chartered Bank, 90, M.G. Road, Fort, Mumbai – 400001, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
· CISCO Systems Capital (India) Private Limited, 2nd Floor, Brigade South Parade, 10, M.G. Road, Bangalore – 560001, Karnataka, India · International Finance Corporation, 2121 Pennsylvania Avenue, Washington, Washington – 020433, United States of America · BNP Paribas, Unit No.5, Godrej Millenium, 9 Koregaon Park, Pune – 411001, Maharashtra, India |
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Auditors : |
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Name : |
B S R and Company LLP Chartered Accountants |
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Address : |
1st Floor Lodha, Excelus, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, India |
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PAN No.: |
AAAFB9852F |
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Membership : |
-- |
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Joint venture : |
· Impact Automotive Solutions Limited |
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Associate : |
· GAIA System Solution Inc. |
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Subsidiary company
: |
· KPIT Infosystems Ltd. UK · KPIT Infosystems France SAS, France · KPIT Infosystems GmbH, Germany · KPIT Infosystems Inc., US · Spar ta Consulting Inc. · KPIT (Shanghai) Softtware Technology Co. Limited · KPIT Global Solutions Limited · SYSTIME Global Solutions INC · KPIT Infosystems ME FZE, United Arab Emirates · KPIT Infosystems ME FZE,United Arab Emirates (Australia Branch) · KPIT Infosystems Netherlands B.V. · KPIT Infosystem (Brasil) · KPIT Infosystems Limited Filial UK (Sweden) |
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Enterprises which are owned, or have
significant influence of or are partners with Key management
personnel and their relatives : |
· KP Corporate Solutions Limited |
CAPITAL STRUCTURE
AFTER 31.03.2014
Authorised Capital : Rs.1250.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.392.062
Millions
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
375000000 |
Equity Shares |
Rs.2/- each |
Rs.750.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
185494720 |
Equity Shares |
Rs.2/- each |
Rs.370.989 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
370.989 |
385.630 |
355.886 |
|
(b) Reserves & Surplus |
10063.435 |
8486.103 |
5786.070 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
14.844 |
0.935 |
1.054 |
|
Total Shareholders’
Funds (1) + (2) |
10449.268 |
8872.668 |
6143.010 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
909.875 |
996.905 |
3.698 |
|
(b) Deferred tax liabilities (Net) |
30.644 |
0.000 |
7.465 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
263.984 |
|
(d) long-term
provisions |
136.243 |
111.213 |
69.405 |
|
Total Non-current
Liabilities (3) |
1076.762 |
1108.118 |
344.552 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2858.575 |
1616.690 |
1400.045 |
|
(b) Trade
payables |
410.443 |
381.551 |
543.159 |
|
(c) Other
current liabilities |
1031.943 |
1024.596 |
595.696 |
|
(d) Short-term
provisions |
507.618 |
310.503 |
261.398 |
|
Total Current
Liabilities (4) |
4808.579 |
3333.340 |
2800.298 |
|
|
|
|
|
|
TOTAL |
16334.609 |
13314.126 |
9287.860 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1290.965 |
1187.479 |
1167.854 |
|
(ii)
Intangible Assets |
510.839 |
240.740 |
276.101 |
|
(iii)
Capital work-in-progress |
22.210 |
16.955 |
73.083 |
|
(iv)
Intangible assets under development |
0.000 |
183.597 |
92.618 |
|
(b) Non-current Investments |
6492.404 |
5364.751 |
3663.193 |
|
(c) Deferred tax assets (net) |
0.000 |
7.077 |
0.000 |
|
(d) Long-term Loan and Advances |
1217.784 |
880.308 |
852.105 |
|
(e) Other
Non-current assets |
15.662 |
31.871 |
30.512 |
|
Total Non-Current
Assets |
9549.864 |
7912.778 |
6155.466 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1660.549 |
2034.897 |
363.159 |
|
(b)
Inventories |
23.339 |
0.000 |
0.000 |
|
(c) Trade
receivables |
3568.028 |
2225.093 |
1945.893 |
|
(d) Cash
and cash equivalents |
577.306 |
689.828 |
397.632 |
|
(e)
Short-term loans and advances |
612.472 |
350.215 |
371.999 |
|
(f) Other
current assets |
343.051 |
101.315 |
53.711 |
|
Total
Current Assets |
6784.745 |
5401.348 |
3132.394 |
|
|
|
|
|
|
TOTAL |
16334.609 |
13314.126 |
9287.860 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8900.852 |
7152.407 |
6128.918 |
|
|
|
Other Income |
170.659 |
81.577 |
59.217 |
|
|
|
TOTAL (A) |
9071.511 |
7233.984 |
6188.135 |
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
25.718 |
0.000 |
0.000 |
|
|
|
Employee Benefits Expenses |
4458.720 |
3746.204 |
3340.063 |
|
|
|
Other Expenses |
2136.359 |
1669.130 |
1438.733 |
|
|
|
Exceptional Items |
(122.410) |
18.481 |
(100.451) |
|
|
|
TOTAL (B) |
6498.387 |
5433.815 |
4678.345 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2573.124 |
1800.169 |
1509.790 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
200.339 |
82.123 |
45.493 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
2372.785 |
1718.046 |
1464.297 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
399.619 |
375.140 |
395.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1973.166 |
1342.906 |
1068.620 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
481.594 |
312.394 |
321.936 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1491.572 |
1030.512 |
746.684 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.97 |
5.63 |
4.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
16.76 |
14.41 |
12.18 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
28.91 |
25.17 |
24.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.09 |
17.35 |
19.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.15 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36 |
0.29 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.62 |
1.12 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Share Capital |
355.886 |
385.630 |
370.989 |
|
Reserves & Surplus |
5786.070 |
8486.103 |
10063.435 |
|
Share Application money pending
allotment |
1.054 |
0.935 |
14.844 |
|
Net
worth |
6143.010 |
8872.668 |
10449.268 |
|
|
|
|
|
|
long-term borrowings |
3.698 |
996.905 |
909.875 |
|
Short term borrowings |
1400.045 |
1616.690 |
2858.575 |
|
Total
borrowings |
1403.743 |
2613.595 |
3768.450 |
|
Debt/Equity
ratio |
0.229 |
0.295 |
0.361 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
6128.918 |
7152.407 |
8900.852 |
|
|
|
16.699 |
24.446 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
6128.918 |
7152.407 |
8900.852 |
|
Profit |
746.684 |
1030.512 |
1491.572 |
|
|
12.18% |
14.41% |
16.76% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
338.821 |
171.341 |
0.000 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CHANGE OF NAME
Over the years, the Company has emerged as a major technology service provider, catering to customers in the automotive, manufacturing, energy & utilities sectors. With its technology focus, the Company has attained technology leadership position in the industry. Therefore, the Board believes that the name of the Company should also reflect the Company?s technology focus & leadership position. Hence, the Directors propose to change the name of the Company as “KPIT Technologies Limited”. Special resolutions have been put up for shareholder’s approval of the name change and the consequential amendments in the Company’s memorandum and articles of association.
Information about the Subsidiary Companies
As on March 31, 2013, the Company had 15 subsidiaries, including step-down subsidiaries.
During the year, the Company increased its shareholding in Systime Global Solutions Private Limited to 76%. Systime ME FZCO, a wholly owned subsidiary of Systime Global Solutions Pvt. Ltd., was rechristened as KPIT Infosystems ME FZE during the year.
It is proposed to amalgamate Sparta Infotech India Private Limited with the Company and in this connection, the Board of Directors of the Company and that of Sparta Infotech India Private Limited have already approved the scheme of amalgamation. The Company has filed the applications with Bombay Stock Exchange and National Stock Exchange for in-principle approval to the said scheme of amalgamation. The merger application is expected to be filed with the High Court shortly.
SolvCentral.com Inc., a direct wholly-owned subsidiary of KPIT Infosystems Inc., and In2Soft GmbH, a direct wholly-owned subsidiary of KPIT Infosystems GmbH, were merged with their respective parent companies during the year.
LITIGATION DETAILS:
|
HIGH COURT OF BOMBAY
|
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10522485 |
16/09/2014 |
2,000,000,000.00 |
THE HONKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) |
PLOT
NO.139,140B, WESTERN EXPRESS HIGHWAY, SAHAR |
C23017833 |
|
2 |
10527152 |
28/05/2014 |
44,110,108.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C30618797 |
|
3 |
10367459 |
05/07/2012 |
37,098,544.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND
FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD, |
B44485464 |
|
4 |
10348266 |
02/04/2012 |
55,095,779.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND
FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD, |
B37171485 |
|
5 |
10346280 |
28/02/2012 |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B36569275 |
|
6 |
10278505 |
28/02/2014 * |
200,000,000.00 |
DBS BANK LTD |
3 SALARPURIA WINDSOR, ULSOOR ROAD, BANGALORE, KARNATAKA - 560042, INDIA |
C00336628 |
|
7 |
10281271 |
23/05/2013 * |
100,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B77088896 |
|
8 |
10264749 |
29/12/2010 |
50,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B05080783 |
|
9 |
10184801 |
29/09/2009 |
100,000,000.00 |
AXIS BANK LIMITED |
1262/B,
STERLING PLAZA, DECCAN GYMKHANA,, JANGLI |
A72962897 |
|
10 |
10163385 |
24/01/2012 * |
80,000,000.00 |
STANDARD CHARTERED BANK |
90, M.G. ROAD,, FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B31047202 |
|
11 |
10144950 |
09/04/2012 * |
130,000,000.00 |
BNP PARIBAS |
UNIT NO.5, GODREJ MILLENIUM, 9 KOREGAON PARK, PUNE, MAHARASHTRA - 411001, INDIA |
B37725348 |
|
12 |
10138363 |
27/08/2014 * |
680,000,000.00 |
CITI BANK N.A. |
FIRST FLOOR, ONYX TOWER,, NEAR WESTIN HOTEL, NORTH MAIN ROAD, KOREGAON PARK,, PUNE, MAHARASHTRA - 411001, INDIA |
C21894068 |
|
13 |
10064216 |
31/07/2009 * |
110,000,000.00 |
IDBI BANK LIMITED |
MARIGOLD
HOUSE, A 34, CROSS ROAD 2, MIDC, MAROL, |
A68189513 |
|
14 |
10003689 |
14/03/2014 * |
700,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
AMAR AVINASH CORPORATE CIY. SECTOR NO.11, BUND GARDEN ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
C04262481 |
|
15 |
90087383 |
27/07/2005 |
22,000,000.00 |
ABN AMRO BANK N.V. |
327; MAHATMA GANDHI MARG, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
16 |
90088639 |
05/10/2013 * |
790,000,000.00 |
STATE BANK OF INDIA INDUSTRIAL FINANCE BRANCH PUNE |
TARA CHAMBERS,2ND FLOOR,NEAR MARIAAIPOLICE CHOWKY, OLD PUNE MUMBAIHIGHWAY, WAKDEWADI, PUNE, MAHARASHTRA - 411003, INDIA |
B88784624 |
|
17 |
90086294 |
19/04/2014 * |
420,000,000.00 |
HDFC BANK LIMITED |
PROCESS HOUSE, 2ND FLOOR, KAMALA MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI, MAHARASHTRA - 400213, INDIA |
C15965692 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
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 |
|
62 |
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.