MIRA
INFORM REPORT
|
Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RHC HOLDING PRIVATE LIMITED (w.e.f. 07.11.2008) |
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|
|
Formerly Known
As : |
SOLARIS FINANCE PRIVATE LIMITED |
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Registered
Office : |
54, Janpath, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.04.2007 |
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Com. Reg. No.: |
55-162322 |
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Capital
Investment / Paid-up Capital : |
Rs.914.140 Millions |
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CIN No.: [Company Identification
No.] |
U67190DL2007PTC162322 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the business of investment in shares, bonds,
debentures, debt or loan in group companies, money market instruments
including money market mutual funds and giving guarantees on behalf of group
companies. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
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 Non-Banking Financial company having
satisfactory track. The company operates as a holding and financial advisory company, and is
in a process of obtaining Core Investment Company Status. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experienced promoters, the company ca 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 |
CARE |
|
Rating |
Proposed Long Term Non-Convertible Debenture
“A” (Structured Obligation) |
|
Rating Explanation |
Adequate degree of safety and moderate
credit risk. |
|
Date |
19.11.2014 |
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 DENIED
Management Non Co-operative (91-11-40188100)
LOCATIONS
|
Registered Office : |
54, Janpath, |
|
Tel. No.: |
91-11-40188100 |
|
Fax No.: |
91-11-40188151 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Japna Malvinder Singh |
|
Designation : |
Managing Director |
|
Address : |
Vistas 26, |
|
Date of Birth/Age : |
30.12.1976 |
|
Date of Appointment : |
10.11.2008 |
|
DIN No.: |
00238896 |
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|
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|
Name : |
Mrs. Aditi Shivinder Singh |
|
Designation : |
Director |
|
Address : |
H. No.-1, |
|
Date of Birth/Age : |
22.04.1975 |
|
Date of Appointment : |
10.11.2008 |
|
DIN No.: |
00286354 |
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|
|
Name : |
Mr. Shivinder Mohan Singh |
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Designation : |
Director |
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Address : |
House No. - 1, |
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Date of Birth/Age : |
21.07.1975 |
|
Date of Appointment : |
10.11.2008 |
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DIN No.: |
00042910 |
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|
|
|
Name : |
Mr. Malvinder Mohan Singh |
|
Designation : |
Director |
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Address : |
Vistas - 26, Maulsari Avenue,, Westend, Green Farm, Rajokri, New Delhi
– 110038, India |
|
Date of Birth/Age : |
27.11.1972 |
|
Date of Appointment : |
10.11.2008 |
|
DIN No.: |
00042981 |
KEY EXECUTIVES
|
Name : |
Mr. Gunjan Singh |
|
Designation : |
Secretary |
|
Address : |
Qp-130, Pitampura,, Delhi – 110034, India |
|
Date of Birth/Age : |
18.12.1974 |
|
Date of Appointment : |
16.05.2013 |
|
PAN No.: |
BJIPS6871B |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Malav Holdings Private Limited |
45699610 |
49.99 |
|
Shivi Holdings Private Limited |
45687400 |
49.98 |
|
Japna Malvinder Singh |
7390 |
0.01 |
|
Aditi Shivinder Singh |
7390 |
0.01 |
|
Shivi Holdings Private Limited |
12210 |
0.01 |
|
Total |
91414000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.98 |
|
Directors or relatives of Directors |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of investment in shares, bonds,
debentures, debt or loan in group companies, money market instruments
including money market mutual funds and giving guarantees on behalf of group
companies. |
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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 : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Andhra Bank, M - 35, Connaught Circus,, New Delhi – 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. K. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
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Auditors : |
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|
Name : |
M.S. Sekhon and Company Chartered Accountants |
|
Address : |
170, Madhuvan, New Delhi – 110092, India |
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Tel. / Fax No.: |
91-11-42445194 / 42445294 / 42445934 |
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E-Mail : |
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PAN No.: |
AAAFM0027H |
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Membership : |
-- |
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Enterprises having control over the company : |
· Malav Holdings Private Limited · Shivi Holdings Private Limited |
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Subsidiary Companies : |
·
A Book Company Private Limited ·
Finserv Shared Services Limited ·
Fortis Global Healthcare Private Limited ·
Fortis Healthcare Holdings Private Limited ·
Ligare Voyages Limited ·
Ranchem Limited ·
RWL Healthworld Limited ·
RHC Finance Private Limited ·
RHC IT Solutions Private Limited ·
RHC Financial Services (Mauritius) Limited ·
Todays Holdings Private Limited |
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|
|
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Partnership Firm which company is a major partner : |
·
Rainbow Syndicate ·
Sunrise Enterprises |
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Associates : |
·
Oscar Investments Limited ·
Fortis Healthstaff Limited ·
Dion Global Solutions Limited ·
Healthfore Technologies Limited |
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|
|
Others : |
·
ANR Securities Private Limited ·
Bindas Realtors Private Limited ·
Escorts Heart Cenize Limited ·
Escorts Heart Institution and Research Centre
Limited ·
Fortis Emergency Services Limited ·
Fortis Healthcare Limited ·
Fortis Hospital Management Limited ·
Green Bio Fuels Farms Private Limited ·
Green View Buidtech Private Limited ·
Hiranandani Healthcare Private Limited ·
Lingare Aviation Limited ·
Lingare Aviation Training Academy Limited ·
Lingare Travel Limited ·
Luxury Farms Private Limited ·
Lowe Infra and Welnes Private Limited ·
Meadows Buildtech Private Limited ·
Medsource Healthcare Private Limited ·
R C Nursery Private Limited ·
Religare Advisory Services Private Limited ·
Religare Art Initiative Limited ·
Religare
Capital Market Limited ·
Religare Comtrades Limited ·
Religare Enterprises Limited ·
Religare Finvest Limited ·
Religare Securities Limited ·
Religare Venture Capital Limited ·
R S Infrastructure Private Limited ·
REL Infrafacilities Limited ·
RHC Healthcare Management Services Private
Limited ·
Shimal Research Laboratories Limited ·
Shimal Healthcare Private Limited ·
Vistas Complexes Private Limited ·
Vistas Realtors Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125912000 |
Equity Shares |
Rs.10/- each |
Rs.1259.120 Millions |
|
9800 |
Preference Shares |
Rs.100/- each |
Rs.0.980 Millions |
|
|
|
|
|
|
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Total |
|
Rs.1260.100
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91414000 |
Equity Shares |
Rs.10/- each |
Rs.914.140 Millions |
|
|
|
|
|
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 |
914.140 |
914.140 |
914.140 |
|
(b) Reserves & Surplus |
67074.179 |
66370.470 |
66093.767 |
|
(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) |
67988.319 |
67284.610 |
67007.907 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6322.999 |
2293.350 |
1584.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
26.662 |
5.760 |
5.760 |
|
(d) long-term provisions |
18.929 |
19.805 |
8.647 |
|
Total Non-current Liabilities (3) |
6368.590 |
2318.915 |
1598.407 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
18119.275 |
15442.039 |
16453.010 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
568.926 |
878.014 |
768.059 |
|
(d) Short-term provisions |
63.519 |
54.885 |
79.556 |
|
Total Current Liabilities (4) |
18751.720 |
16374.938 |
17300.625 |
|
|
|
|
|
|
TOTAL |
93108.629 |
85978.463 |
85906.939 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
267.352 |
273.166 |
227.532 |
|
(ii) Intangible Assets |
8.664 |
8.134 |
7.631 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
64106.815 |
59352.582 |
52387.662 |
|
(c) Deferred tax assets (net) |
9.369 |
6.066 |
4.522 |
|
(d) Long-term Loan and Advances |
2620.107 |
4263.573 |
408.993 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
67012.307 |
63903.521 |
53036.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2761.960 |
1655.455 |
1680.362 |
|
(b) Inventories |
0.000 |
0.000 |
0.220 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
241.384 |
45.540 |
309.149 |
|
(e) Short-term loans and
advances |
15428.776 |
17879.120 |
28818.911 |
|
(f) Other current assets |
7664.202 |
2494.827 |
2061.957 |
|
Total Current Assets |
26096.322 |
22074.942 |
32870.599 |
|
|
|
|
|
|
TOTAL |
93108.629 |
85978.463 |
85906.939 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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|
SALES |
|
|
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||
|
|
|
Income |
1977.153 |
1216.821 |
|
|
|
|
|
Other Income |
809.275 |
720.923 |
|
|
|
|
|
TOTAL (A) |
2786.428 |
1937.744 |
2538.295 |
|
|
|
|
|
|
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||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Employee Benefits Expenses |
121.313 |
95.162 |
|
|
|
|
|
Other Expenses |
183.064 |
109.233 |
|
|
|
|
|
Provisions and loan losses |
488.128 |
(16.599) |
|
|
|
|
|
TOTAL (B) |
792.505 |
187.796 |
1327.313 |
|
|
|
|
|
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||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1993.923 |
|
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||
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|
|
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||
|
Less |
FINANCIAL
EXPENSES (D) |
698.896 |
1031.678 |
|
||
|
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|
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|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1295.027 |
718.270 |
[Including
Depreciation & Financial Expenses] |
||
|
|
|
|
|
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||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
24.631 |
15.869 |
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||
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|
|
|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1270.396 |
702.401 |
1210.982 |
||
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|
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|
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||
|
Less |
TAX (H) |
566.686 |
425.698 |
599.011 |
||
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|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
703.710 |
276.703 |
611.971 |
||
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|
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||
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Interest on Loan |
94.189 |
557.668 |
NA |
|
|
|
TOTAL EARNINGS |
94.189 |
557.668 |
NA |
||
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|
|
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||
|
|
Earnings Per
Share (Rs.) |
7.70 |
-- |
-- |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
35.59 |
22.74 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
100.85 |
143.81 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38 |
2.64 |
3.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36 |
0.26 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.35 |
1.90 |
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 |
914.140 |
914.140 |
914.140 |
|
Reserves & Surplus |
66093.767 |
66370.470 |
67074.179 |
|
Net
worth |
67007.907 |
67284.610 |
67988.319 |
|
|
|
|
|
|
long-term borrowings |
1584.000 |
2293.350 |
6322.999 |
|
Short term borrowings |
16453.010 |
15442.039 |
18119.275 |
|
Total
borrowings |
18037.010 |
17735.389 |
24442.274 |
|
Debt/Equity
ratio |
0.269 |
0.264 |
0.360 |
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 |
|
Total Income |
2538.295 |
1937.744 |
2786.428 |
|
|
|
(23.660) |
43.798 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
2538.295 |
1937.744 |
2786.428 |
|
Profit |
611.971 |
276.703 |
703.710 |
|
|
24.11% |
14.28% |
25.25% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
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 |
Yes |
OPERATIONAL REVIEW
During the year, the Company achieved a Profit before Tax of Rs.1270.396 Millions. The Profit after Tax was Rs.703.710 Millions as compared to Rs.276.703 Millions in the previous year. An amount of Rs.140.742 Millions was transferred to Statutory Reserve Fund pursuant to Section 45 (I) C of the Reserve Bank of India Act, 1934.
The Company’s Net Worth as on March 31, 2014 stood at Rs.67978.951 Millions as against Rs.67278.544 Millions last year.
ECONOMY AND INDUSTRY OVERVIEW
After achieving unprecedented growth of over 9 per cent for three successive years between 2005-06 and 2007-08 and recovering swiftly from the global financial crisis of 2008-09, the Indian economy has been going through challenging times that culminated in lower than 5 per cent growth of GDP at factor cost at constant prices for two consecutive years, i.e. 2012- 13 and 2013-14.
In seven of the last eight quarters, India’s GDP has grown at less than 5% -hit by a toxic mix of high inflation, costly loan rates and poor services and industrial sector growth. A good monsoon pushed agriculture growth to 4.7% during the year while total food grain production rose nearly 3%.
Persistent uncertainty in the global outlook, caused by the crisis in the Euro area and general slowdown in the global economy, compounded by domestic structural constraints and inflationary pressures, resulted in a protracted slowdown. The slowdown is broadly in sync with trends in other emerging economies, but relatively deeper. India’s growth declined from an average of 8.3 per cent per annum during 2004-05 to 2011-12 to an average of 4.6 per cent in 2012-13 and 2013-14. Average growth in the emerging markets and developing economies including China declined from 6.8 per cent to 4.9 per cent in this period (calendar-year basis).
What is particularly worrisome is the slowdown in manufacturing growth that averaged 0.2 per cent per annum in 2012-13 and 2013-14.
In FY14, advanced economies showed some signs of growth, but these markets must continue financial sector repair, pursue fiscal consolidation, and spur job growth. Emerging economies continue to account for the magnitude of the global market growth, although face the challenges of tighter global financial conditions.
The conception to global growth came primarily from the United States following sharp fiscal tightening earlier in the year, accompanied by the recovering real estate sector, higher household wealth, accessible bank lending conditions and more borrowing. The U.S. economy grew 3.2% at the end of 2013. The most promising sign in the final months of 2013 was a surge in consumer spending, which is the source of more than two-thirds of the nation’s economic growth.
BUSINESS OUTLOOK
The descent into the present phase of sub-5 per cent growth has been rather sharp. The interplay of structural constraints alongside delays in project implementation, subdued domestic sentiments, and an uncertain global milieu led to general growth slowdown while rendering macroeconomic stabilization particularly challenging. Inflation also remained at elevated levels. These factors triggered risk-aversion and injected considerable uncertainty in investment activity.
Global economic activity is expected to strengthen in 2014-15 on the back of some recovery in advanced economies. The Euro area is also expected to register a growth rate of above 1 per cent as against contraction witnessed in 2012 and 2013 (IMF, WEO, April 2014).
The European Central Bank’s monetary policy measures, most significantly introduction of the negative deposit facility interest rate are expected to boost economic activity in Europe. In addition, the performance of the real sector in the US (that is likely affect the pace of taper) is a major factor that would impact the global economic situation in 2014-15.
The Indian economy can recover only gradually with the GDP at factor cost at constant prices expected to grow in the range of 5.4 – 5.9 per cent in 2014-15. This assumes the revival of growth in the industrial sector witnessed in April 2014 to continue for the rest of the year, the generally benign outlook on oil prices (notwithstanding the uncertainty on account of recent developments in the Middle East), and the absence of pronounced destabilizing shocks (including below-normal monsoons). Growth in the above range implies a pick-up, aided by an improved external economic situation characterized by a stable current account and steady capital inflows, improved fiscal situation and, on the supply side, robust electricity generation and some recovery in manufacturing and non-government services. Growth in 2014-15 is expected to remain more on the lower side of the range given above, for the following reasons: (i) steps undertaken to restart the investment cycle (including project clearances and incentives given to industry) are perceived to be playing out only gradually; (ii) the benign growth outlook in some Asian economies, particularly China; (iii) still elevated levels of inflation that limit the scope of the RBI to reduce policy rates; and (iv) expectation of below normal monsoons. Downside risk also emerges from prolonging of the geo-political tensions.
On the upside, such factors as institutional reform to quicken implementation of large projects and a stronger-than-expected recovery in major advanced economies would help the Indian economy clock a higher rate of growth.
OPERATIONAL OVERVIEW OF THE COMPANY
During the year ended March 31, 2014, the Company has deployed its funds in financing activity and made investments in Mutual funds and accordingly earned interest income of Rs.2546.771 Millions which formed the bulk of the total income earned by the Company.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Directors
and Relatives |
1322.999 |
2293.350 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Commercial Papers
rated ‘A1(SO)’ by IRCA |
1600.000 |
1000.000 |
|
Commercial Papers
rated ‘CARE A1’ by CARE |
1750.000 |
0.000 |
|
Intercorporate
Loans |
513.900 |
400.000 |
|
|
|
|
|
Total |
5186.899 |
3693.350 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10535163 |
20/10/2014 |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
C33374422 |
|
2 |
10516653 |
30/06/2014 |
1,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
C16345530 |
|
3 |
10516654 |
30/06/2014 |
500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
C16345746 |
|
4 |
10509188 |
27/03/2014 |
1,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
C06185714 |
|
5 |
10488375 |
24/03/2014 |
850,000,000.00 |
RELIGARE FINVEST LIMITED |
RELIGARE FINVEST LIMITED, DISTRICT CENTRE, SAKET, NEW DELHI- 110017, INDIA |
C02526481 |
|
6 |
10484175 |
13/03/2014 |
1,500,000,000.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,, NEW DELHI, DELHI - 110001, INDIA |
C00186023 |
|
7 |
10472446 |
24/01/2014 * |
3,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR,, 17, R. K. KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B94921939 |
|
8 |
10461564 |
14/09/2013 |
1,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B87091427 |
|
9 |
10471543 |
23/08/2013 |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B82490129 |
|
10 |
10396879 |
20/11/2012 |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B63661466 |
|
11 |
10383463 |
09/10/2012 * |
1,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B63324917 |
|
12 |
10340921 |
15/02/2012 * |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B36757680 |
|
13 |
10315502 |
14/09/2011 |
1,800,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B22962435 |
|
14 |
10274537 |
11/03/2011 * |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B11659794 |
|
15 |
10252458 |
08/11/2010 |
500,000,000.00 |
AXIS BANK LIMITED |
4/10, OPG HOUSE, ASAF ALI ROAD, NEW DELHI - 110002, INDIA |
A99574725 |
*Date of modification Charges
FIXED ASSETS:
Tangible Assets
·
Land
·
Furniture and Fixtures
·
Plant and Machinery
·
Air Conditioners and
Coolers
·
Computers
·
Cycle
·
Motor Cycle
·
Electrical Equipment
·
Generator
·
Office Equipment
·
Refrigerator
·
Tube Well
·
Vehicles
·
Water Cooler and Water
Purifier
Agricultural Assets
·
Agriculture Land
·
Building
·
Furniture and Fixtures
·
Live Stock
·
Office Equipment
·
Plant and Machinery
·
Tube Well
·
Electrical Equipment
·
Refrigerator and Air
Conditioner
Intangible Assets
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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.63.07 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
51 |
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.