MIRA
INFORM REPORT
|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE COMMUNICATIONS INFRASTRUCTURE LIMITED (w.e.f. 07.03.2002) |
|
|
|
|
Formerly Known
As : |
SUKHKATRA FINTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H Block, 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
17.07.1997 |
|
|
|
|
Com. Reg. No.: |
11-166329 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.102 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64203MH1997PLC166329 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELR10472A/ MUMR16298C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS2157H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Provides wireless multimedia
and internet access services. |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “RELIANCE COMMUNICATION LIMITED” and one of
the India’s leading integrated telecommunications service provider. It is an
established company having satisfactory track record. The company has been incurring continuous losses from its operational
activities. However, the rating takes in to consideration the financial and
managerial support that company receives from its parent company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and awareness
among depositors. According to the plan, deposits that have not been
claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “A-“ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
17.01.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term debt: “A2+“ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
17.01.2014 |
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
31-03-2012.
INFORMATION DECLINED
|
Name : |
Mr. Hitesh Marthak |
|
Contact No.: |
91-22-30386286 |
|
Date : |
22.02.2014 |
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai –
400710, Maharashtra, India |
|
Tel. No.: |
91-22-30386286/ 22847006/ 30385010 |
|
Fax No.: |
91-22-30376622 |
|
E-Mail : |
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|
Website : |
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|
Corporate Head Quarters : |
A Block, Thane – Belapur Road, Koparkhairane, Navi Mumbai – 400 709,
Maharashtra, India |
|
Tel. No.: |
91-22-30388000 |
|
Fax. No.: |
91-22-30388005 |
|
|
|
|
Branch Office: |
Located at: ·
Mumbai ·
Bangalore ·
Chennai |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Gautam Bhailal Doshi |
|
Designation : |
Director |
|
Address : |
402, Hamilton Court, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
23.12.1952 |
|
Qualification : |
FCA |
|
Date of Appointment : |
26.06.2005 |
|
DIN No.: |
00004612 |
|
|
|
|
Name : |
Mr. Hasit Navinchandra Shukla |
|
Designation : |
Director |
|
Address : |
403, Sabita Co-operative Housing Society Limited, Plot No. 596, CTS
F/38, 16th Road, Bandra (West), Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
28.08.1962 |
|
Qualification : |
B. Com, FCS, LLB |
|
Date of Appointment : |
13.08.2010 |
|
Voter ID No.: |
ROL3044492 |
|
DIN No.: |
00004549 |
|
|
|
|
Name : |
Mr. Suresh Madihally Rangachar |
|
Designation : |
Director |
|
Address : |
Imperial Tower, Flat No. 3604, 36th Floor, South Wing, B B Nakashe Marg, Tardeo, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
14.05.1964 |
|
Qualification : |
Master in Computer Science |
|
Date of Appointment : |
13.08.2010 |
|
DIN No.: |
00020887 |
KEY EXECUTIVES
|
Name : |
Mr. Hitesh Lalitbhai Marthak |
|
Designation : |
Dy. Company Secretary and Manager |
|
Address : |
E-301, Lily, Jalvayu Vihar Phase 1, NR Shilp Chowk, Navi Mumbai –
410210, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1975 |
|
Date of Appointment : |
01.08.2010 |
|
PAN No.: |
ACDPM9248D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Equity
Shares |
|
|
|
|
Prakash Shenoy Jointly with Reliance Communications Limited, India |
1 |
|
Anil C Shah Jointly with Reliance Communications Limited, India |
1 |
|
Gaurang Shah Jointly with Reliance Communications Limited, India |
1 |
|
Hitesh Marthak Jointly with Reliance Communications Limited, India |
1 |
|
Hasit Shukla Jointly with Reliance Communications Limited, India |
1 |
|
Hitesh Chawda Jointly with Reliance Communications Limited, India |
1 |
|
Reliance Communication Limited, India |
2009999994 |
|
|
|
|
Total |
2010000000 |
|
Names of Shareholders |
No. of
Preference Shares |
|
|
|
|
Reliance Communication Limited, India |
20000 |
|
|
|
|
Total |
20000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provides wireless
multimedia and internet access services. |
||||
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|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
|
|
|
|
Bankers : |
Not Available |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Finance Institutions : |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
709, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400 021, |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Ultimate Holding Company : |
Reliance Innoventures Private Limited |
|
|
|
|
Holding Company : |
·
Reliance Communications Limited CIN No.: L45309MH2004PLC147531 |
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|
|
|
Subsidiary Companies : |
·
Reliance Infratel Limited CIN No.: U72900MH2001PLC131598 · Reliance IDC Limited (Formerly Known as Reliance Communications Investment and leasing Limited) · Reliance BPO Private Limited.(w.e.f. April 30, 2012) |
|
|
|
|
Fellow Subsidiaries : |
· Reliance Wimax Limited · Reliance Webstore Limited · Reliance Communications International Inc. · Reliance Communications Inc. · Reliance Communications Hongkong Limited · Reliance Globalcom Limited, Bermuda and its Subsidiaries · Reliance Communications Canada Inc. · Reliance Communications U.K. Limited · Reliance Communications Australia Pty Limited · Reliance Telecom Limited · Gateway Net Trading Pte. Limited. Singapore · Reliance Big TV Limited · Reliance Tech Services Private Limited · Reliance Globalcom Limited.(w.e.f. July 3,2012) · Reliance Infocomm Infrastructure Private Limited · Vanco Group Limited · M.P. Networks Private Limited (w.e.f. March 21,2013) · Kerala Communication Network Private Limited (w.e.f. March 21,2013) · Reliance Globalcom B.V. The Netherlands |
|
|
|
|
Joint Venture : |
·
Alcatel Lucent Managed Solutions India Private
Limited CIN No.: U64203MH2008PTC182748 |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2400000000 |
Equity Shares |
Re.1/- each |
Rs.2400.000 Millions |
|
10000000 |
Preference Share |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.2500.000 Millions
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2010000000 |
Equity Shares |
Re.1/- each |
Rs.2010.000 Millions |
|
20000 |
Preference Share |
Rs.10/- each |
Rs.0.200
Million |
|
|
|
|
|
|
|
Total |
|
Rs.2010.200 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 |
20.102 |
20.102 |
20.102 |
|
(b) Reserves & Surplus |
27.758 |
204.037 |
282.941 |
|
(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) |
47.860 |
224.139 |
303.043 |
|
|
|
|
|
|
(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 |
0.407 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.407 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
262.989 |
302.682 |
277.467 |
|
(b) Trade payables |
209.106 |
112.864 |
307.881 |
|
(c) Other current liabilities |
406.691 |
334.274 |
138.396 |
|
(d) Short-term provisions |
0.150 |
0.065 |
15.445 |
|
Total
Current Liabilities (4) |
878.936 |
749.885 |
739.189 |
|
|
|
|
|
|
TOTAL |
927.203 |
974.024 |
1042.232 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
56.061 |
78.946 |
93.470 |
|
(ii) Intangible Assets |
0.116 |
0.031 |
0.052 |
|
(iii) Capital work-in-progress |
14.186 |
21.631 |
21.121 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
32.116 |
32.616 |
32.617 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
241.581 |
234.938 |
212.663 |
|
(e) Other Non-current assets |
0.000 |
38.800 |
0.000 |
|
Total
Non-Current Assets |
344.060 |
406.962 |
359.923 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.204 |
5.781 |
10.857 |
|
(c) Trade receivables |
145.789 |
80.977 |
101.847 |
|
(d) Cash and cash equivalents |
13.092 |
15.231 |
64.334 |
|
(e) Short-term loans and
advances |
363.448 |
399.167 |
452.641 |
|
(f) Other current assets |
56.610 |
65.906 |
52.630 |
|
Total
Current Assets |
583.143 |
567.062 |
682.309 |
|
|
|
|
|
|
TOTAL |
927.203 |
974.024 |
1042.232 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
377.531 |
480.757 |
424.259 |
|
|
Other Income |
48.329 |
71.992 |
47.688 |
|
|
TOTAL
(A) |
425.860 |
552.749 |
471.947 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
18.483 |
8.639 |
20.309 |
|
|
Other expenses |
498.578 |
557.525 |
388.661 |
|
|
TOTAL
(B) |
517.061 |
566.164 |
408.970 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(91.201) |
(13.415) |
62.977 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.983 |
2.102 |
1.013 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(94.184) |
(15.517) |
61.964 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
27.202 |
42.617 |
54.837 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(121.386) |
(58.134) |
7.127 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
0.000 |
(10.903) |
(12.808) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
(121.386) |
(47.231) |
19.935 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
0.187 |
47.418 |
27.483 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(121.199) |
0.187 |
47.418 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
208.000 |
83.600 |
153.900 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(6.04) |
(2.35) |
0.99 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(28.50) |
(8.55) |
4.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(32.15) |
(12.09) |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.78) |
(6.32) |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.54) |
(0.26) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.50 |
1.36 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
0.76 |
0.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
20.102 |
20.102 |
20.102 |
|
Reserves & Surplus |
282.941 |
204.037 |
27.758 |
|
Net
worth |
303.043 |
224.139 |
47.860 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
277.467 |
302.682 |
262.989 |
|
Total
borrowings |
277.467 |
302.682 |
262.989 |
|
Debt/Equity
ratio |
0.916 |
1.350 |
5.495 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
424.259 |
480.757 |
377.531 |
|
|
|
13.317 |
(21.472) |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
424.259 |
480.757 |
377.531 |
|
Profit |
19.935 |
(47.231) |
(121.386) |
|
|
4.70% |
(9.82)% |
(32.15)% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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 |
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Term loans from banks |
54.272 |
44.795 |
|
Loans and advances from related parties |
208.717 |
257.887 |
|
|
|
|
|
Total |
262.989 |
302.682 |
OPERATIONS
During the year, BPO Division of Reliance BPO Private Limited, a wholly owned subsidiary of the Company demerged with the Company pursuant to Scheme of Arrangement passed by the Hon?ble High Court of Judicature at Bombay vide order dated December 20, 2012. The BPO unit offers end-to-end solutions focusing on Telecom, Entertainment, BFSI and Utility verticals. The BPO services division provides voice as well as back office support. The division has developed unique competencies and demonstrated operational excellence in catering to 12 regional languages and 4 foreign languages.
The Company offers Internet services and Broadband data services. During the year, the Company has entered in to a Business Transfer Agreement (BTA) with Reliance IDC Limited, a wholly owned subsidiary of the Company and IDC business division transfer to Reliance IDC Limited w.e.f. July 1, 2012.
The Company earned total revenues of Rs. 42586.000 millions during the year as compared to Rs. 55274.9 millions for the previous year. The Company incurred total operating expenses of Rs. 51706.100 millions as compared to Rs. 56616.400 millions in the previous year.
The net loss after tax recorded by the company was Rs. 12138.600 millions as compared to loss of Rs. 4723.100 millions in the previous year.
The Company has entered into various contracts in the area of providing services such as Business Process Outsourcing etc., while benefits from such contracts will accrue in the future years.
Note:
The Registered Office of the company has been shifted from Reliance
House Near Maradia Plaza, Off. C G Road, Ahmedabad – 380006, Gujarat, India to the present
address w.e.f. 04.12.2006.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10440104 |
05/08/2013 |
2,500,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B80951643 |
|
2 |
10429179 |
03/06/2013 |
1,160,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B76287770 |
|
3 |
10413223 |
26/03/2013 |
5,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B71272363 |
|
4 |
10399304 |
28/01/2013 |
15,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B66572058 |
|
5 |
10398825 |
22/01/2013 |
3,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B66417387 |
|
6 |
10396462 |
11/01/2013 |
3,250,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B65715542 |
|
7 |
10396450 |
11/01/2013 |
5,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B65712358 |
|
8 |
10387871 |
27/11/2012 |
10,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B62519210 |
|
9 |
10380651 |
16/10/2012 |
3,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B59730341 |
|
10 |
10363288 |
06/07/2012 |
3,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B42744052 |
|
11 |
10350310 |
26/04/2012 |
5,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B37746823 |
|
12 |
10350230 |
26/04/2012 |
18,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B37748571 |
|
13 |
10343045 |
26/03/2012 |
3,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B35403252 |
|
14 |
10337095 |
22/02/2012 |
47,185,200,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B32763724 |
|
15 |
10320819 |
09/12/2011 |
5,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B26692434 |
|
16 |
10307310 |
22/09/2011 |
15,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra |
B21022017 |
|
17 |
10293207 |
30/06/2011 |
200,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra |
B15307036 |
|
18 |
10293040 |
30/06/2011 |
27,076,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra |
B15299811 |
|
19 |
10269390 |
09/03/2011 |
86,850,000,000.00 |
Axis Trustee Services Limited |
2nd Floor, E, Axis House, Bombay Dyeing Mills Comp., Pandurang Budhkar Marg, Worli, MUMBAI, Maharashtra - 400025, INDIA |
B07383417 |
|
20 |
10268387 |
04/03/2011 |
204,208,617,724.50 |
Axis Trustee Services Limited |
2nd Floor, E, Axis House, Bombay Dyeing Mills Comp., Pandurang Budhkar Marg, Worli, MUMBAI, Maharashtra - 400025, INDIA |
B07054323 |
|
21 |
10177584 |
04/03/2011 * |
30,000,000,000.00 |
Axis Trustee Services Limited |
2nd Floor, E, Axis House, Bombay Dyeing Mills Comp., Pandurang Budhkar Marg, Worli, MUMBAI, Maharashtra - 400025, INDIA |
B07054042 |
Note: * Date of charge modification
FIXED ASSETS
·
· Buildings
· Plant and Machinery
· Electrical Installations
· Office Equipment
· Furniture and Fixtures
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs. 85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
45 |
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.