MIRA
INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
HEALTHCARE GLOBAL ENTERPRISES LIMITED |
|
|
|
|
Formerly Known
As : |
HEALTHCARE GLOBAL ENTERPRISES PRIVATE LIMITED (w.e.f.10.11.2005) CURIE CENTRE OF ONCOLOGY PRIVATE LIMITED |
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Registered
Office : |
HCG Tower, No.8, P. Kalinga Rao Road, Sampangi Rama Nagar, Bangalore –
560027, Karnataka |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
12.03.1998 |
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Com. Reg. No.: |
08-023489 |
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Capital
Investment / Paid-up Capital : |
Rs.668.900 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U15200KA1998PLC023489 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACC8412H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in
setting up and managing cancer hospitals, cancer centers and medical
diagnostic services including scientific testing and consultancy services in
the pharmaceutical and medical sector. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12000000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The company has incurred losses from its operational activities. However, the rating takes into consideration HCG’s long standing
presence and extensive experience of the promoters in the field of oncology
marked by fair general financial position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan limits: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February, 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 BY
|
Name : |
Mr. Achyut Rao |
|
Designation : |
Purchase Head |
|
Contact No.: |
91-9611803035 |
|
Date : |
23.04.2014 |
LOCATIONS
|
Registered Office : |
HCG Tower, No.8, P. Kalinga Rao Road, Sampangi Rama Nagar, Bangalore –
560027, Karnataka, India |
|
Tel. No.: |
91-80-40206000 |
|
Mobile No.: |
91-9611803035 (Mr. Hazrat Ali) |
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Fax No.: |
91-80-22485962 |
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E-Mail : |
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Website : |
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Unit : |
HCG Pharma #10, 2nd Floor, Pallavi Complex, Mission Road, Bangalore –
560027, Karnataka, India |
DIRECTORS
(AS ON 25.09.2013)
|
Name : |
Mr. Sayed Parvez Mustafa |
|
Designation : |
Director |
|
Address : |
4, Almambra, First Floor, 3 Carmichael Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
01.07.1949 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
00014427 |
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|
|
Name : |
Mr. Gangadhara Ganapati |
|
Designation : |
Director |
|
Address : |
T-84-B, 29th Cross Street, Besant Nagar, Chennai – 600090,
Tamilnadu, India |
|
Date of Birth/Age : |
01.04.1966 |
|
Date of Appointment : |
21.12.2005 |
|
DIN No.: |
00489200 |
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|
|
|
Name : |
Mr. Gopinath Kodaganur Srinivasachar |
|
Designation : |
Director |
|
Address : |
#20, Sainivas, 5th Main, 5th Cross, BSK 3rd
Stage, Behind Balaii Choultry BG, |
|
Date of Birth/Age : |
27.03.1952 |
|
Date of Appointment : |
14.07.2006 |
|
DIN No.: |
00517895 |
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|
Name : |
Mr. Ganesh Nayak |
|
Designation : |
Director |
|
Address : |
No.8, 7th Cross, Jakkasandra BLK, Koramangala, Bangalore –
560034, Karnataka, India |
|
Date of Birth/Age : |
08.12.1942 |
|
Date of Appointment : |
21.12.2005 |
|
DIN No.: |
00540697 |
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|
Name : |
Mr. Basavalinga Ajaikumar Sadashivaiah |
|
Designation : |
Whole Time Director |
|
Address : |
No.850, Park House, Mirza Road, Nazarbad, Mysore – 570010, Karnataka,
India |
|
Date of Birth/Age : |
22.08.1951 |
|
Date of Appointment : |
07.03.2000 |
|
DIN No.: |
00713779 |
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PAN No.: |
ACZPA6190L |
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|
|
|
Name : |
Mr. Prakash Parthasarathy |
|
Designation : |
Nominee Director |
|
Address : |
#347, 2nd Phase, White Field Road, Adarsh Palm, Meadows, Ramagondanhalli,
Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
04.03.1971 |
|
Date of Appointment : |
23.04.2008 |
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DIN No.: |
02011709 |
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|
|
|
Name : |
Mr. Amit Varma |
|
Designation : |
Nominee Director |
|
Address : |
49-B, Aradhana Enclave, R K Puram, Sector-13, Ring Road, New Delhi –
110066, India |
|
Date of Birth/Age : |
15.09.1968 |
|
Date of Appointment : |
11.02.2010 |
|
DIN No.: |
02241746 |
|
|
|
|
Name : |
Mr. Jennifer Gek Choo Lee |
|
Designation : |
Nominee Director |
|
Address : |
206, Ocean Drive, # 05-08 Singapore 098627 Singapore |
|
Date of Birth/Age : |
14.08.1952 |
|
Date of Appointment : |
07.03.2013 |
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DIN No.: |
01095502 |
KEY EXECUTIVES
|
Name : |
Mr. Achyut Rao |
|
Designation : |
Purchase Head |
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|
Name : |
Mr. Sunu Manuel |
|
Designation : |
Company Secretary |
|
Address : |
No.51/1, 5th Cross, Wilson Garden, Bangalore – 560027,
Karnataka, India |
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Date of Birth/Age : |
02.06.1978 |
|
Date of Appointment : |
14.07.2006 |
|
PAN No.: |
ANMPM3149B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 25.09.2013)
SHAREHOLDING DETAILS FILE ATTACHED
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Venture Capital |
|
41.41 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
17.25 |
|
Bodies corporate |
|
0.49 |
|
Directors or relatives of directors |
|
29.69 |
|
Others |
|
11.16 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in
setting up and managing cancer hospitals, cancer centers and medical
diagnostic services including scientific testing and consultancy services in
the pharmaceutical and medical sector. |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai – 400018, Maharashtra, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (west), Mumbai –
400013, Maharashtra, India · ICICI Bank Limited Mytree Centre, III Floor, No.4/10, Hosur Road, Bommanahalli, Bangalore – 560068, Karnataka, India · Bank of Baroda |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
· SREI Equipment Finance Private Limited ‘Vishwakarma’, 86-C, Topsia Road, Kolkata – 700046, West Bengal, India |
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Auditors : |
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|
Name : |
Deloitte
Haskins and Sells Chartered Accountants |
|
Address : |
Deloitte Centere,
Anchorage Ii, Richmond Road, Bangalore – 560025, Karnataka, India |
|
PAN No.: |
AACFD3771D |
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|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
·
BACC Health Care Private Limited, India ·
Bharath Hospital and Institute of Oncology,
India ·
Gutti Malnad LLP, India ·
HCG Foundation, India ·
Healthcare Process Solutions (India)
Private Limited, India ·
JSS Bharath Charitable Trust, India ·
Sada Sharada Tumor and Research Institute,
India |
|
|
|
|
Other Related Parties : |
·
Healthcare Diwan Chand Imaging LLP, India |
|
|
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|
Subsidiaries : |
·
HCG Medi-Surge Hospitals Private Limited,
India ·
HCG TVH Medical Imaging Private Limited,
India ·
Healthcare Global Senthil Multi Specialty
Hospitals Private Limited, India ·
Healthcare Global Vijay Oncology Private
Limited, India ·
Malnad Hospital and Institute of Oncology
Private Limited, India ·
MIMS HCG Oncology Private Limited, India |
CAPITAL STRUCTURE
AFTER 25.09.2013
Authorised Capital: Rs.1200.000 Millions
Issued Subscribed and Paid-up Capital: Rs.688.251
Millions
(AS ON 31.03.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Preference Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
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Issued Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68245112 |
Equity Shares |
Rs.10/- each |
Rs.682.451
Millions |
|
|
|
|
|
Subscribed and Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65534814 |
Equity Shares (Fully Paid Up) |
Rs.10/- each |
Rs.655.348
Millions |
|
Add |
2710298 Equity Shares (Not Fully Paid Up) |
|
Rs.13.552
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.668.900 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 |
668.900 |
592.717 |
533.035 |
|
(b) Reserves & Surplus |
2233.661 |
1514.632 |
1087.359 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
73.940 |
|
Total
Shareholders’ Funds (1)+(2) |
2902.561 |
2107.349 |
1694.334 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1997.481 |
994.890 |
786.975 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
130.893 |
106.161 |
0.000 |
|
(d) long-term
provisions |
26.901 |
19.226 |
27.764 |
|
Total Non-current
Liabilities (3) |
2155.275 |
1120.277 |
814.739 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
353.910 |
510.876 |
138.945 |
|
(b) Trade
payables |
459.744 |
306.434 |
324.492 |
|
(c) Other
current liabilities |
495.223 |
336.827 |
243.029 |
|
(d) Short-term
provisions |
2.613 |
9.440 |
1.774 |
|
Total Current
Liabilities (4) |
1311.490 |
1163.577 |
708.240 |
|
|
|
|
|
|
TOTAL |
6369.326 |
4391.203 |
3217.313 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3206.965 |
2854.130 |
2059.051 |
|
(ii)
Intangible Assets |
190.219 |
8.595 |
7.480 |
|
(iii)
Capital work-in-progress |
11.298 |
26.734 |
5.231 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
920.601 |
313.025 |
290.797 |
|
(c) Deferred tax assets (net) |
8.592 |
14.393 |
18.900 |
|
(d) Long-term Loan and Advances |
470.604 |
321.837 |
361.905 |
|
(e) Other
Non-current assets |
42.832 |
25.858 |
10.576 |
|
Total Non-Current
Assets |
4851.111 |
3564.572 |
2753.940 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
603.716 |
0.861 |
8.339 |
|
(b)
Inventories |
82.442 |
59.343 |
46.896 |
|
(c) Trade
receivables |
568.339 |
407.768 |
276.252 |
|
(d) Cash
and cash equivalents |
40.424 |
138.938 |
38.498 |
|
(e)
Short-term loans and advances |
56.278 |
104.038 |
48.009 |
|
(f) Other
current assets |
167.016 |
115.683 |
45.379 |
|
Total
Current Assets |
1518.215 |
826.631 |
463.373 |
|
|
|
|
|
|
TOTAL |
6369.326 |
4391.203 |
3217.313 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2564.355 |
2043.224 |
1620.023 |
|
|
|
Other Income |
26.273 |
36.368 |
10.718 |
|
|
|
TOTAL (A) |
2590.628 |
2079.592 |
1630.741 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock in trade |
911.661 |
707.169 |
546.393 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock
in trade |
(23.099) |
(12.447) |
(21.101) |
|
|
|
Employee benefit expenses |
399.426 |
315.431 |
258.509 |
|
|
|
Other Expenses |
891.069 |
701.094 |
562.259 |
|
|
|
TOTAL (B) |
2179.057 |
1711.247 |
1346.060 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
411.571 |
368.345 |
284.681 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
240.148 |
208.319 |
109.174 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
171.423 |
160.026 |
175.507 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
215.546 |
180.649 |
135.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(44.123) |
(20.623) |
40.198 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.800 |
4.508 |
(5.190) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(49.923) |
(25.131) |
45.388 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
7.280 |
5.149 |
|
|
|
Capital Goods |
0.000 |
156.572 |
181.161 |
|
|
TOTAL IMPORTS |
0.000 |
163.852 |
186.310 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.84) |
(0.45) |
0.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(1.95) |
(1.23) |
2.80 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
16.05 |
18.03 |
17.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.81)
|
(0.51) |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02)
|
(0.01) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81
|
0.71 |
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
0.71 |
0.65 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
533.035 |
592.717 |
668.900 |
|
Reserves & Surplus |
1087.359 |
1514.632 |
2233.661 |
|
Net worth |
1620.394 |
2107.349 |
2902.561 |
|
|
|
|
|
|
long-term borrowings |
786.975 |
994.890 |
1997.481 |
|
Short term borrowings |
138.945 |
510.876 |
353.910 |
|
Total borrowings |
925.920 |
1505.766 |
2351.391 |
|
Debt/Equity ratio |
0.571 |
0.715 |
0.810 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
1620.023 |
2043.224 |
2564.355 |
|
|
|
26.123 |
25.505 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
1620.023 |
2043.224 |
2564.355 |
|
Profit |
45.388 |
(25.131) |
(49.923) |
|
|
2.80% |
(1.23%) |
(1.95%) |
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 |
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 |
----- |
|
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 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Long-term maturities of finance lease obligations |
663.092 |
593.175 |
|
|
|
|
|
Total |
663.092 |
593.175 |
CORPORATE INFORMATION
Subject is engaged in setting
up and managing cancer hospitals, cancer centers and medical diagnostic
services including scientific testing and consultancy services in the
pharmaceutical and medical sector. The Company has its registered office at #8,
P. Kalinga Rao Road, Sampangi Ram Nagar, Bangalore – 560 027.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/ Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10420938 |
30/07/2013 * |
1,260,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA,, DR. |
B82508078 |
|
2 |
10402839 |
07/01/2013 |
7,270,000.00 |
SREI Equipment Finance
Private Limited |
'VISHWAKARMA', 86C, TOPSIA
ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B68022375 |
|
3 |
10402828 |
18/12/2012 |
48,125,000.00 |
SREI Equipment Finance
Private Limited |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B68019728 |
|
4 |
10400083 |
04/12/2012 |
1,625,000.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG,, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B66929183 |
|
5 |
10375044 |
03/08/2012 |
11,000,000.00 |
SREI Equipment Finance
Private Limited |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B57495319 |
|
6 |
10375042 |
27/07/2012 |
1,174,500.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG,, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B57494031 |
|
7 |
10354156 |
30/07/2013 * |
80,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA,, DR. |
B82507120 |
|
8 |
10354150 |
30/07/2013 * |
120,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA,, DR. |
B82817024 |
|
9 |
10349598 |
30/07/2013 * |
500,000,000.00 |
Axis Bank Limited |
CORPORATE BANKING BRANCH,
EXPRESS BUILDING, SECON |
B85444826 |
|
10 |
10326015 |
27/09/2013 * |
220,000,000.00 |
ICICI BANK LIMITED |
MYTREE CENTRE, III FLOOR,
NO 4/10,, HOSUR ROAD, B |
B86377884 |
|
11 |
10245313 |
04/10/2010 |
166,860,000.00 |
SREI Equipment Finance
Private Limited |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A95480919 |
|
12 |
90189566 |
12/10/2002 |
93,000,000.00 |
CORPORATION BANK |
K.H. ROAD, SHANTHINAGAR,
BANGALORE, KARNATAKA - 5 |
- |
|
13 |
90191721 |
30/09/1996 |
13,867,730.00 |
LOPRD KRISHNA BANK
LIMITED |
SHIVASHANKAR PLAZA,
RICHMOND CIRCLE, BANGALORE, KARNATAKA, INDIA |
- |
|
14 |
90191011 |
11/12/1992 |
198,000.00 |
CANARA BANK |
SHANTHINAGAR, BANGALORE,
KARNATAKA - 560027, INDIA |
- |
|
15 |
90190522 |
11/12/1989 * |
700,000.00 |
THE VYSYA BANK LTD. |
K.G. ROAD BRANCH,
BANGALORE, KARNATAKA - 560009, INDIA |
- |
|
16 |
90193449 |
08/03/1989 |
8,500,000.00 |
THE VYSYA BANK LIMITED |
KEMPEGOWDA ROAD BRANCH,
BANGALORE, KARNATAKA - 560009, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Leasehold Improvements
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] 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.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--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 |
|
42 |
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.