|
Report Date : |
06.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
IL AND FS EDUCATION AND TECHNOLOGY SERVICES LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Quadrant ‘D’, The IL and FS Financial Centre,
Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.12.1997 |
|
|
|
|
Com. Reg. No.: |
11-112535 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.375.341 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U80220MH1997PLC112535 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUM105436E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI2106H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Provide Integrated Learning Program for School and Large Scale Training and Development Program for
School, Government and Corporate, undertake various E – Governance Mandates
under Agriculture, Health, IT, Infrastructure, Rural Development and Social
Welfare Sector. |
|
|
|
|
No. of Employees
: |
Information declined by management |
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 7900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
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|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears dip in profit of the company in 2013. However, overall
financial position of the company appears to be decent. Trade relation reported to be 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.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus on providing payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Arvind Trivedi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-66947575 |
|
Date : |
05.02.2014 |
LOCATIONS
|
Registered/ Head Office : |
3rd Floor, Quadrant ‘D’, The IL and FS Financial Centre,
Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-22-67809292/ 66947575/ 6593333 |
|
Fax No.: |
91-22-66947700/ 66947700 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
|
3rd Floor, |
|
Tel. No.: |
91-120-2512823 / 2512267 |
|
|
|
|
Regional Offices: |
Located at: · Jharkhand · Karnataka · Kerala · Madhya Pradesh ·
· Orissa ·
· Rajasthan · Tamilnadu · Uttar Pradesh · Noida ·
· Andhra Pradesh ·
·
·
· Jammu and Kashmir ·
|
DIRECTORS
(AS ON 29.07.2013)
|
Name : |
Mr. Hari Sankaran |
|
Designation : |
Director |
|
Address : |
29 B, |
|
Date of Birth/Age : |
19.02.1961 |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
00002386 |
|
|
|
|
Name : |
Mr. Ravi Ramaswamy Parthasarathy |
|
Designation : |
Director |
|
Address : |
1201/1202, Vinayak Angan, 12th Floor, Near Bengal Chemicals,
Opposite V.I.P Lounge, Old Prabhadevi Road, Mumbai – 400018, Maharashtra,
India/ |
|
Date of Birth/Age : |
04.10.1952 |
|
Date of Appointment : |
12.01.1998 |
|
DIN No.: |
00002392 |
|
|
|
|
Name : |
Mr. Ramireddy Chandra Mowleeswar Reddy |
|
Designation : |
Managing Director |
|
Address : |
186, 1st Floor, Munrika Enclave, Opposite Vasant Vihar
Police Station, |
|
Date of Birth/Age : |
20.10.1963 |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
00060073 |
|
PAN No.: |
ACBPR7298E |
|
|
|
|
Name : |
Mr. Sudhir Gunvantray Mankad |
|
Designation : |
Director |
|
Address : |
Plot No. 192, Sector 8-C, Gandhinagar – 382007, |
|
Date of Birth/Age : |
05.08.1947 |
|
Date of Appointment : |
20.12.2007 |
|
DIN No.: |
00086077 |
|
|
|
|
Name : |
Mr. Alok Bhupendranath Bhargava |
|
Designation : |
Director |
|
Address : |
B-1201, Gulmohar Aprtments, Ceaser Road, Amboli, Andheri (West),
Mumbai – 400048, Maharashtra, India |
|
Date of Birth/Age : |
23.11.1961 |
|
Date of Appointment : |
02.08.2001 |
|
DIN No.: |
00162746 |
|
|
|
|
Name : |
Mr. Arvind Inder Malhotra |
|
Designation : |
Director |
|
Address : |
Plot No. 655, Shreenathji, Flat No. 703, 7th Floor, 16th
|
|
Date of Birth/Age : |
25.01.1947 |
|
Date of Appointment : |
19.01.1998 |
|
DIN No.: |
01312057 |
|
|
|
|
Name : |
Mr. Abhishek Sharman |
|
Designation : |
Nominee Director |
|
Address : |
Flat C 204, Wasoodew Co- operative Housing Society Limited, Surya Apartments,
|
|
Date of Birth/Age : |
03.08.1980 |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
01329800 |
|
|
|
|
Name : |
Mr. Kumar Krishnan Iyer |
|
Designation : |
Nominee Director |
|
Address : |
Flat No. 2002, 20th Floor, Odyssey II, |
|
Date of Birth/Age : |
28.05.1962 |
|
Date of Appointment : |
21.01.2010 |
|
DIN No.: |
01865617 |
|
|
|
|
Name : |
Mr. Pranay Shailesh Adhvaryu |
|
Designation : |
Nominee Director |
|
Address : |
23, Chola Building, Model Town, Near Four Bungalows, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1983 |
|
Date of Appointment : |
13.09.2013 |
|
DIN No.: |
03384491 |
|
Email : |
KEY EXECUTIVES
|
Name : |
Mr. Arvind Trivedi |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Daisy Khanna |
|
Designation : |
Company Secretary |
|
Address : |
100, SFS Flats, Rajouri Apartments, Rajouri Garden, New Delhi, India |
|
Date of Birth/Age : |
11.08.1978 |
|
Date of Appointment : |
29.07.2013 |
|
PAN No.: |
AKZPK7280R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.07.2013)
SHAREHOLDING DETAIL FILE ATTACHED.
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
26.12 |
|
Bodies corporate |
|
73.70 |
|
Other top fifty shareholders |
|
0.18 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provide Integrated Learning Program for School and Large Scale Training and Development Program for
School, Government and Corporate, undertake various E – Governance Mandates under
Agriculture, Health, IT, Infrastructure, Rural Development and Social Welfare
Sector. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India , Dr. Annie
Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
· Infrastructure Leasing and Financial Services Limited IL and FS Financial Centre Plot No. C 22, G Block Bandra Kurla
Complex, Bandra East, Mumbai – 400051, |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber, City Complex, DLF City, Phase II , Gurgaon-122002, Haryana, India |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Holding Company
: |
· Infrastructure Leasing and Financial Services Limited |
|
|
|
|
Subsidiary
Company : |
· IL and FS Cluster Development Initiative Limited · IL and FS Skills Development Corporation Limited |
|
|
|
|
Fellow Subsidiary Company: |
· Apptex Manpower Development Services Limited · Apptex Marketing Services and Solutions Limited · IL and FS Financial Services Limited · IL and FS Property Management and Services Limited · IL and FS Trust Company Limited · IL and FS Securities Services Limited · IL and FS Transportation Networks Limited · IL and FS Investment Managers Limited · IL and FS Environmental Infrastructure and Services Limited · IL and FS Investment Trust – IV · IL and FS Energy Development Company Limited · IL and FS Maritime Infrastructure Company Limited ·
IL and FS Tamil Nadu Power Company Limited
(Previous year it was an fellow subsidiary.) · Moradabad Bareilly Expressway Limited · Chenani Nashri Tunnelway Limited · IL and FS Urban Infrastructure Managers Limited · Integrated Waste Management and Urban Services Company (Tamilnadu) Limited · IL and FS Township and Urban Assets Limited · IL and FS Wind Power Limited |
|
|
|
|
Other Related
Parties : |
· Orix Auto Infrastructure Services Limited · Bihar e-Governance Services and Technologies Limited · Jharkhand e-Governance Solutions and Services Limited · IL and FS Technologies Limited · PDCOR Limited · Wilbur Smith Associates Private Limited · Karnataka Enterprise Solutions Limited · Odisha e-Governance Services Limited |
CAPITAL STRUCTURE
(AS ON 29.07.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37534146 |
Equity Shares |
Rs.10/- each |
Rs.375.341
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
375.341 |
375.341 |
357.468 |
|
(b) Reserves & Surplus |
1589.771 |
1428.887 |
1349.812 |
|
(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) |
1965.112 |
1804.228 |
1707.280 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
5.890 |
7.905 |
9.545 |
|
Total Non-current
Liabilities (3) |
5.890 |
7.905 |
9.545 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
2107.452 |
790.660 |
374.710 |
|
(b) Trade payables |
691.032 |
1112.784 |
468.304 |
|
(c) Other current liabilities |
165.021 |
127.133 |
77.508 |
|
(d) Short-term provisions |
4.365 |
179.768 |
117.951 |
|
Total Current Liabilities
(4) |
2967.870 |
2210.345 |
1038.473 |
|
|
|
|
|
|
TOTAL |
4938.872 |
4022.478 |
2755.298 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.193 |
219.916 |
167.464 |
|
(ii) Intangible Assets |
119.026 |
99.318 |
100.436 |
|
(iii) Capital work-in-progress |
18.223 |
1.794 |
0.000 |
|
(iv) Intangible assets under development |
5.983 |
6.983 |
12.134 |
|
(b) Non-current Investments |
695.938 |
658.135 |
600.499 |
|
(c) Deferred tax assets (net) |
70.900 |
42.900 |
14.400 |
|
(d) Long-term Loan and Advances |
164.150 |
99.236 |
130.429 |
|
(e) Other Non-current assets |
1129.379 |
1100.846 |
233.267 |
|
Total Non-Current
Assets |
2257.792 |
2229.128 |
1258.629 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
100.484 |
43.735 |
54.371 |
|
(c) Trade receivables |
1523.287 |
993.632 |
1058.323 |
|
(d) Cash and cash equivalents |
15.652 |
89.828 |
31.541 |
|
(e) Short-term loans and advances |
306.088 |
219.078 |
250.077 |
|
(f) Other current assets |
735.569 |
447.077 |
102.357 |
|
Total Current Assets |
2681.080 |
1793.350 |
1496.669 |
|
|
|
|
|
|
TOTAL |
4938.872 |
4022.478 |
2755.298 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2457.808 |
3442.774 |
1741.231 |
|
|
|
Other Income |
161.408 |
2.177 |
58.452 |
|
|
|
TOTAL (A) |
2619.216 |
3444.951 |
1799.683 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
753.048 |
1485.681 |
534.019 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
0.000 |
2.579 |
(1.668) |
|
|
|
Employee benefit expense |
195.861 |
264.312 |
250.193 |
|
|
|
Other expenses |
1145.726 |
1134.165 |
683.425 |
|
|
|
TOTAL (B) |
2094.635 |
2886.737 |
1465.969 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
524.581 |
558.214 |
333.714 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
254.933 |
91.160 |
12.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
269.648 |
467.054 |
320.716 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
101.545 |
97.910 |
62.743 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
168.103 |
369.144 |
257.973 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.528 |
116.122 |
70.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
141.575 |
253.022 |
187.873 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
260.456 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Tax on Dividend |
NA |
NA |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.77 |
6.98 |
5.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.41
|
7.34 |
10.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.84
|
10.72 |
14.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.05
|
11.14 |
12.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.20 |
15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.07
|
0.44 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
0.81 |
1.44 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL: 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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes/ No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes/ No |
|
15] |
Capital in the business |
Yes/ No |
|
16] |
Details of sister concerns |
Yes/ No |
|
17] |
Major suppliers |
Yes/ No |
|
18] |
Major customers |
Yes/ No |
|
19] |
Payments terms |
Yes/ No |
|
20] |
Export / Import details (if applicable) |
Yes/ No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
UNSECURED LOANS
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
|
Short-Term
Borrowings |
|
|
|
Inter-corporate borrowings |
145.302 |
200.000 |
|
|
|
|
|
Total |
145.302 |
200.000 |
YEAR IN RETROSPECT
The gross income for the financial year was Rs.2619.220 Millions as against the gross Income Rs.3444.950 Millions for the previous financial year registering an decrease of 23.97%. The Profit before tax excluding extraordinary and exceptional items was Rs.168.100 Millions and the Profit after tax excluding extraordinary and exceptional items was Rs.141.580 Millions for the financial year as against Rs.369.140 Millions and Rs.253.020 Millions respectively for the previous financial year, registering an increase of 54.46 % and 44.05 % respectively.
CONTINGENT LIABILITIES
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In
Millions) |
|
|
Claims against company not acknowledged as debt |
5.758 |
6.001 |
|
Guarantees |
545.058 |
448.772 |
|
|
|
|
|
Total contingent
liabilities |
550.816 |
454.773 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10402143 |
23/01/2013 |
100,000,000.00 |
INFRASTRUCTURE LEASING
AND FINANCIAL SERVICES LIMITED |
THE IL &FS
FINANACIAL CENTREPLOT NO C-22 G BLOCK, |
B67761478 |
|
2 |
10391173 |
28/11/2012 |
400,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMITED |
THE IL &FS
FINANACIAL CENTREPLOT NO C-22 G BLOCK, |
B63818793 |
|
3 |
10340755 |
17/02/2012 |
500,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
H-15, CONNAUGHT CIRCUS,
DELHI, DELHI, DELHI - 110001, INDIA |
B34396481 |
|
4 |
10181083 |
24/09/2013 * |
2,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B87510541 |
* Date of charge modification
FIXED ASSETS:
Tangible assets
· Buildings
· Office Building
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
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 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.62.45 |
|
|
1 |
Rs.102.01 |
|
Euro |
1 |
Rs.84.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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.