MIRA INFORM REPORT
|
Report Date : |
18.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CORPORATE IT PARK LIMITED (w.e.f. 10.03.2008) |
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|
|
|
Formerly Known
As : |
RELENE PETROCHEMICALS LIMITED RELENE PETROCHEMICALS PRIVATE LIMITED
(w.e.f. 15.04.2004) REAL EXPERT RESOURCES PRIVATE LIMITED
(w.e.f. 22.09.2003) DREAM CONSULTANCY SERVICES PRIVATE LIMITED |
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Registered
Office : |
Reliance Corporate Park, Building No. 4, 5TTC Industrial Area, Thane
Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.04.2001 |
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Com. Reg. No.: |
11-131458 |
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Capital
Investment / Paid-up Capital : |
Rs. 29763.200 Millions |
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|
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CIN No.: [Company Identification
No.] |
U74140MH2001PLC131458 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR17044G |
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PAN No.: [Permanent Account No.] |
AABCD7169H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing IT Support
Services Including Manpower and All Other Activities. |
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No. of Employees
: |
(Information declined
by the management) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 Behavior : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems accumulated loss recorded by the company during 2014.
Profitability of the company also seems to be low. However, it receives better supports from its holding company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of strong holding, 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) |
|
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 DECLINED
Management Non-Cooperative (91-22-44770000)
LOCATIONS
|
Registered Office : |
Reliance Corporate Park, Building No. 4, 5TTC Industrial Area, Thane
Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-44770000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Indubhai Fulchan Sheth |
|
Designation : |
Director |
|
Address : |
401- A, Falcon Castle CHS Limited, Senapati Bapat Marg, Elphinstone,
Mumbai-400012, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1933 |
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Date of Appointment : |
23.03.2004 |
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Din No.: |
00004353 |
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Name : |
Mr. Rohit Chhannalal Shah |
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Designation : |
Director |
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Address : |
B-901/902 shanker Park Opposite Suman Apartment, Shankar Lane,
Kandivali (West), Mumbai-400067, Maharashtra, India |
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Date of Birth/Age : |
01.06.1954 |
|
Date of Appointment : |
02.04.2001 |
|
Din No.: |
00006087 |
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|
|
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Name : |
Mr. Arvind Bhushan Modgil |
|
Designation : |
Director |
|
Address : |
T-9/202 Sea Breeze Co-operative HSG Society Limited, Sector 16, Plot
No16, Nerul, Navi Mumbia-400701, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1949 |
|
Date of Appointment : |
13.09.2004 |
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Din No.: |
00023544 |
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|
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|
Name : |
Mr. Virenderkumar Gandhi |
|
Designation : |
Director |
|
Address : |
15/1101, Seawoods Estates, NRI Complex, Sector 54, 56 and 58, Navi
Mumbai-400706, Maharashtra, India |
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Date of Birth/Age : |
12.10.1955 |
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Date of Appointment : |
12.10.2011 |
|
Din No.: |
00012921 |
KEY EXECUTIVES
|
Name : |
Shreya Ramkrishnan |
|
Designation : |
Secretary |
|
Address : |
B-305, Archana Ambika Nagar, Mahatma Gandhi Road, Dombivli (West), Thane-421202,
Maharashtra, India |
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Date of Birth/Age : |
15.12.1984 |
|
Date of Appointment : |
19.01.2012 |
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Pan No.: |
ANTPR4313D |
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|
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|
Name : |
Mr. Ramakant Singru |
|
Designation : |
Manager |
|
Address : |
Keshav Row House, Plot No. 75, Sector 3, Koparkhairane, Navi Mumbai,
Thane – 400709, Maharashtra, India |
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Date of Birth/Age : |
05.01.1960 |
|
Date of Appointment : |
08.09.2014 |
|
Pan No.: |
AEIPS0671P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Reliance Commercial Land and Infrastructure Limited, India |
|
2379994080 |
|
Arun K Jain
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
100 |
|
K Sethuraman
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
100 |
|
Indubhai Sheth
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
V. Subramaniam jointly
with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
Sridhar
Kothandaraman jointly with Reliance Commercial Land and Infrastructure
Limited, India |
|
50 |
|
Raj Mullick jointly
with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
Total |
|
2379994480 |
|
Names of Shareholders ( Preferences Shares) |
|
No. of Shares |
|
Reliance
Commercial Land and Infrastructure Limited, India |
|
594998620 |
|
Total |
|
594998620 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT
Support Services Including Manpower and All Other Activities. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Applicable |
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Imports : |
Not Applicable |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information
declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers,212 Nariman Point, Mumbia:400021,
Maharashtra, India |
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PAN No.: |
AAAFC0662N |
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Associate: |
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Ultimate Holding Company : |
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Holding Companies : |
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Subsidiary Companies : |
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Fellow Subsidiary Companies : |
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CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3495000000 |
Equity Shares |
Rs.10/- each |
Rs.34950.000 Millions |
|
605000000 |
Preferences Shares |
Rs.10/- each |
Rs.6050.000 Millions |
|
|
TOTAL |
|
Rs.41000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2379994480 |
Equity Shares |
Rs.10/- each |
Rs.23799.945
Millions |
|
594998620 |
Preferences Shares |
Rs.10/- each |
Rs.5949.986
Millions |
|
|
Total |
|
Rs.29749.931 Millions |
As on: 30.09.2014
Authorized Capital: Rs. 41000.000 Millions (4100000000*10)
Issued, Subscribed & Paid-up Capital: Rs. 29763.200 Millions (2976325800*10)
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 |
29763.200 |
29763.200 |
26348.300 |
|
(b) Reserves & Surplus |
(1122.500) |
(1190.000) |
(1235.100) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
28640.700 |
28573.200 |
25113.200 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10578.300 |
1215.200 |
668.300 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
10578.300 |
1215.200 |
668.300 |
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|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
3972.000 |
2289.600 |
2477.000 |
|
(c) Other
current liabilities |
943.800 |
531.300 |
913.000 |
|
(d) Short-term
provisions |
120.400 |
213.300 |
85.000 |
|
Total Current
Liabilities (4) |
5036.200 |
3034.200 |
3475.000 |
|
|
|
|
|
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TOTAL |
44255.200 |
32822.600 |
29256.500 |
|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
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|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22890.600 |
19460.200 |
15201.200 |
|
(ii)
Intangible Assets |
1859.600 |
367.900 |
0.600 |
|
(iii)
Capital work-in-progress |
7751.400 |
4911.000 |
5940.300 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
42.600 |
1.500 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4059.800 |
1968.000 |
1872.200 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
36604.000 |
26708.600 |
23014.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
250.000 |
|
(b)
Inventories |
514.500 |
49.600 |
45.800 |
|
(c) Trade
receivables |
3881.700 |
3409.300 |
2723.100 |
|
(d) Cash
and cash equivalents |
23.800 |
1.000 |
3.500 |
|
(e)
Short-term loans and advances |
3224.100 |
2647.200 |
3214.500 |
|
(f) Other
current assets |
7.100 |
6.900 |
5.300 |
|
Total
Current Assets |
7651.200 |
6114.000 |
6242.200 |
|
|
|
|
|
|
TOTAL |
44255.200 |
32822.600 |
29256.500 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
36543.900 |
20427.200 |
8851.300 |
|
|
|
Other Income |
31.800 |
31.000 |
18.900 |
|
|
|
TOTAL (A) |
36575.700 |
20458.200 |
8870.200 |
|
|
|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(416.200) |
0.000 |
0.000 |
|
|
|
Employee Benefit Expense |
8594.000 |
4916.900 |
3116.500 |
|
|
|
Other Expenses |
26952.700 |
14651.200 |
4999.600 |
|
|
|
TOTAL (B) |
35130.500 |
19568.100 |
8116.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1445.200 |
890.100 |
754.100 |
|
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
87.700 |
49.400 |
73.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1357.500 |
840.700 |
680.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1273.200 |
785.800 |
671.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
84.300 |
54.900 |
8.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.800 |
9.900 |
1.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
67.500 |
45.000 |
7.300 |
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1209.700) |
(1254.700) |
(1262.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1142.200) |
(1209.700) |
(1254.700) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
297.000 |
317.800 |
231.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.03 |
0.02 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.18 |
0.22 |
0.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.95 |
4.36 |
8.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.23 |
0.20 |
0.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.04 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
2.02 |
1.80 |
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 |
26348.300 |
29763.200 |
29763.200 |
|
Reserves & Surplus |
(1235.100) |
(1190.000) |
(1122.500) |
|
Net worth |
25113.200 |
28573.200 |
28640.700 |
|
|
|
|
|
|
long-term borrowings |
668.300 |
1215.200 |
10578.300 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
668.300 |
1215.200 |
10578.300 |
|
Debt/Equity ratio |
0.027 |
0.043 |
0.369 |
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 |
8851.300 |
20427.200 |
36543.900 |
|
|
|
130.782 |
78.898 |
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 |
8851.300 |
20427.200 |
36543.900 |
|
Profit |
7.300 |
45.000 |
67.500 |
|
|
0.08% |
0.22% |
0.18% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: Not Available
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
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 |
Note:
The registered office of the company has been shifted from 3rd
Floor, Court House, Lokmanya Tilak Marg,
Dhobi Talao, Mumbai – 400002, Maharashtra, India to present address w.e.f.
01.07.2013
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
10394.000 |
939.000 |
|
Total |
10394.000 |
939.000 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and
Machinery
- Computer
equipments
- Office
Equipments
- Furniture and
Fixtures
- Vehicles
- Computer
software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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.63.58 |
|
|
1 |
Rs.99.98 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
44 |
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.