|
Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE GAS TRANSPORTATION INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
101, Shivam Apartments, 9, Patel Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.06.1999 |
|
|
|
|
Com. Reg. No.: |
04-040064 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.
30251.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60300GJ1999PLC040064 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG07996C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP4405E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of Transportation of Natural Gas. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (55) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 99000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of Reliance Industries Limited an established and
diversified company of Mr. Mukesh Ambani Group. There appears some
accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. In view of strong holding the company can be considered good for
normal 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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
40 Billion Non-Convertible Debenture : AAA- |
|
Rating Explanation |
Highest credit quality and lowest credit
risk. |
|
Date |
May 28, 2013 |
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
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-44770000)
LOCATIONS
|
Registered Office : |
101, Shivam Apartments, 9, Patel Colony, Bedi Bunder Road, Jamnagar –
361008, Gujarat, India |
|
Tel. No.: |
91-288-3091732 |
|
Fax No.: |
91-288-3031003 |
|
E-Mail : |
rina.padalia@ril.com |
|
Website : |
|
|
|
|
|
Corporate Office : |
Reliance Corporate Park (RCP), Building No. 7, “A” / “B” Wing, Second
Floor, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Rajinder Kumar Dhadda |
|
Designation : |
Managing director |
|
Address : |
805 B, Raheja Residency, Sector 14, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
|
Date of Birth/Age : |
11.02.1952 |
|
Qualification : |
BE (Hons) in
Mechanical Engineering from BITS, Pilani |
|
Date of Appointment : |
01.01.2013 |
|
PAN No.: |
AADPD3834C |
|
DIN No.: |
00353849 |
|
|
|
|
Name : |
Mr. Raja Kolumum Ramachandran |
|
Designation : |
Director |
|
Address : |
1703/ 1704, Building No. 1, Raheja Clasique, New Link Road, Andheri
(West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
19.12.1956 |
|
Qualification : |
B.Sc., CA, ICWA |
|
Date of Appointment : |
15.05.2006 |
|
DIN No.: |
00006673 |
|
|
|
|
Name : |
Mr. Mahesh Kalidas Kamdar |
|
Designation : |
Director |
|
Address : |
2201, Chaitanya Towers, C Wing Apartment, Saheb Marathe Marg,
Prabhadevi, Mumbai - 400025, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1951 |
|
Qualification : |
B. Com. (Mumbai
University), Conferred Honorary Doctorate in Business Philosophy from Burkes
University |
|
Date of Appointment : |
15.05.2006 |
|
DIN No.: |
00013915 |
|
|
|
|
Name : |
Mr. Raj Pal Sharma |
|
Designation : |
Director |
|
Address : |
B-301, Ansal Apartments, No. 6, Aurangazeb Road, New Delhi - 110011,
India |
|
Date of Birth/Age : |
09.10.1940 |
|
Qualification : |
M.Sc. and
Post-Graduation in Marketing |
|
Date of Appointment : |
24.05.2006 |
|
DIN No.: |
00030711 |
|
|
|
|
Name : |
Mr. Sridhar Vaidyanadhan |
|
Designation : |
Director |
|
Address : |
4:1, Lenyadri Tower, Plot 49/2, Sector 19A, Nerul (East), Navi Mumbai
– 400706, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1960 |
|
Qualification : |
M. Tech
(Industrial Engineering and Operations Research) from IIT-Kharagpur, B.E.
(Mechanical Engineering) from Andhra University College of Engineering,
Visakhapatnam |
|
Date of Appointment : |
26.10.2010 |
|
DIN No.: |
03303448 |
KEY EXECUTIVES
|
Name : |
Mr. Bijay Agrawal |
|
Designation : |
Secretary |
|
Address : |
A 503, Harbour View, Plot 49/3, Sector 19A, Nerul, Navi Mumbai –
400706, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1967 |
|
Date of Appointment : |
28.05.2010 |
|
PAN No.: |
ACIPA8664L |
|
|
|
|
Name : |
Chivukula Harnath |
|
Designation : |
Vice President |
|
Date of Birth/Age : |
56 Years |
|
Qualification : |
BSc, MA, LLB,
Diploma in Business Management |
|
Experience : |
32 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Equity Shareholders [Physical Form] |
|
No. of Shares |
|
Reliance Utilities Private Limited, India |
|
15751125494 |
|
Saraswatula Sudhakar Jointly with Reliance Utilities
Private Limited, India |
|
1 |
|
Bansal J.S.P. Jointly with Reliance Utilities Private
Limited, India |
|
1 |
|
Gandhi K. V. Jointly with Reliance Utilities Private
Limited, India |
|
1 |
|
Malhotra C. S. Jointly with Reliance Utilities Private
Limited, India |
|
1 |
|
Shah B. Ashish Jointly with Reliance Utilities Private
Limited, India |
|
1 |
|
Shah R. Mukesh Jointly with Reliance Utilities Private
Limited, India |
|
1 |
|
|
|
|
|
Total |
|
15751125500 |
|
Names of Equity Shareholder [Electronic Mode] |
|
No. of Shares |
|
Reliance Utilities Private Limited, India |
|
7000499500 |
|
|
|
|
|
Total |
|
7000499500 |
|
Names of Preference Shareholders [Physical Form] |
|
No. of Shares |
|
Reliance Industries Limited, India |
|
500000000 |
|
Reliance Ports And Terminals Limited, India |
|
250000000 |
|
|
|
|
|
Total |
|
750000000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Transportation of Natural Gas. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited Axis House, C-2, Wadia International Centre, P B Marg, Worli,
Mumbai - 400025, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard
Estate, MUMBAI - 400001, Maharashtra, India |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani
Chambers, 212, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFC0662N |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
14, Government
Place (East), Calcutta - 700069, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFL1894Q |
|
|
|
|
Ultimate Holding
company : |
Reliance Industries Holding Private Limited
[U65923MH2007PTC168016] |
|
|
|
|
Holding company : |
· Reliance Ports and Terminals Limited [U45102GJ1997PLC031906] Reliance Utilities Private Limited [U99999GJ2000PTC050444] |
|
|
|
|
Associate : |
Reliance Industries Limited [L17110MH1973PLC019786] |
|
|
|
|
Fellow Subsidiary
company : |
· Reliance Investment and Trading Private Limited [U67120MH2007PTC168436] Reliance Consolidated Holding Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70,000,000,000 |
Equity Shares |
Re. 1/- each |
Rs. 70000.000 Millions |
|
3,000,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 30000.000 Millions |
|
|
Total |
|
Rs. 100000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,751,625,000 |
Equity Shares |
Re. 1/- each |
Rs.
22751.625 Millions |
|
750,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 7500.000
Millions |
|
|
Total |
|
Rs. 30251.625 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 |
30251.600 |
30251.600 |
17628.900 |
|
(b) Reserves & Surplus |
(5394.100) |
3717.300 |
38957.000 |
|
(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) |
24857.500 |
33968.900 |
56585.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
135409.600 |
153556.100 |
100056.100 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
7637.300 |
7561.100 |
7372.600 |
|
(d) long-term
provisions |
3996.300 |
3292.600 |
0.000 |
|
Total Non-current
Liabilities (3) |
147043.200 |
164409.800 |
107428.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
734.500 |
509.100 |
655.600 |
|
(c)
Other current liabilities |
28001.000 |
15603.600 |
12803.800 |
|
(d) Short-term
provisions |
1732.800 |
1435.600 |
14.500 |
|
Total Current
Liabilities (4) |
30468.300 |
17548.300 |
13473.900 |
|
|
|
|
|
|
TOTAL |
202369.000 |
215927.000 |
177488.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
175178.900 |
203705.100 |
138866.700 |
|
(ii)
Intangible Assets |
1.100 |
2.700 |
4.300 |
|
(iii)
Capital work-in-progress |
652.800 |
3275.000 |
3120.500 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
100.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1270.800 |
1068.900 |
10556.800 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
177103.600 |
208051.700 |
152648.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
100.000 |
2640.000 |
19042.300 |
|
(b)
Inventories |
2893.400 |
2963.400 |
2966.400 |
|
(c)
Trade receivables |
831.900 |
1174.500 |
1665.200 |
|
(d) Cash
and cash equivalents |
576.500 |
282.600 |
51.300 |
|
(e)
Short-term loans and advances |
273.200 |
653.600 |
613.500 |
|
(f)
Other current assets |
20590.400 |
161.200 |
501.500 |
|
Total
Current Assets |
25265.400 |
7875.300 |
24840.200 |
|
|
|
|
|
|
TOTAL |
202369.000 |
215927.000 |
177488.500 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
40379.400 |
30208.700 |
38373.600 |
|
|
|
Other Income |
188.600 |
224.600 |
39.600 |
|
|
|
TOTAL |
40568.000 |
30433.300 |
38413.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
424.700 |
357.100 |
349.000 |
|
|
|
Other expenses |
7371.900 |
7311.000 |
10845.700 |
|
|
|
TOTAL |
7796.600 |
7668.100 |
11194.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
32771.400 |
22765.200 |
27218.500 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10670.500 |
13777.000 |
10071.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
22100.900 |
8988.200 |
17146.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
31212.300 |
22066.100 |
17690.300 |
|
|
|
|
|
|
|
|
|
|
EXTRAORDINARY ITEMS |
0.000 |
(18730.200) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(9111.400) |
(31808.100) |
(543.700) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(1745.800) |
(586.600) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(9111.400) |
(30062.300) |
42.900 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(38675.800) |
(11741.900) |
(11741.900) |
|
|
|
|
|
|
|
|
|
Less |
Debenture
Redemption Reserve |
0.000 |
0.000 |
42.900 |
|
|
|
|
|
|
|
|
|
Add |
Shares Cancelled
pursuant to the Scheme of Amalgamation and Arrangement |
0.000 |
3128.400 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(47787.200) |
(38675.800) |
(11741.900) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components & Spare Parts |
137.100 |
286.500 |
323.500 |
|
|
|
Capital Goods |
7.200 |
74.700 |
60.600 |
|
|
TOTAL IMPORTS |
144.300 |
361.200 |
384.100 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
|
|
|
|
Basic
|
(0.400) |
(2.009) |
0.006 |
|
|
|
Diluted
|
(0.400) |
(0.757) |
0.002 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(22.46)
|
(98.78)
|
0.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(22.56)
|
(105.29)
|
(1.42) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.52)
|
(14.96)
|
(0.31)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.37)
|
(0.94)
|
(0.01)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.45
|
4.52 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83
|
0.45 |
1.84 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
21500.000 |
11500.000 |
11500.000 |
|
|
|
|
|
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
NOTE: MATTER CONVERTED
TO CA/13415/2012
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10300743 |
16/03/2012 * |
1,500,000,000.00 |
AXIS BANK
LIMITED |
AXIS HOUSE C-2,
WADIA INTERNATIONAL CENTRE, P B MARG, WORLI, MUMBAI - 400025, MAHARASHTRA,
INDIA |
B35789031 |
|
2 |
10300742 |
16/03/2012 * |
20,000,000,000.00 |
AXIS BANK
LIMITED |
AXIS HOUSE C-2, WADIA
INTERNATIONAL CENTRE, P B MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
B35791508 |
|
3 |
10148531 |
16/03/2012 * |
10,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG., GROUND
FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA |
B36823938 |
|
4 |
10148532 |
16/03/2012 * |
10,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG., GROUND
FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA |
B36824035 |
|
5 |
10088348 |
16/03/2012 * |
2,437,200,000.00 |
AXIS BANK
LIMITED |
AXIS HOUSE C-2, WADIA
INTERNATIONAL CENTRE, P B MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
B36197929 |
|
6 |
10059276 |
16/03/2012 * |
79,562,800,000.00 |
AXIS BANK
LIMITED |
AXIS HOUSE C-2,
WADIA INTERNATIONAL CENTRE, P B MARG, WORLI, MUMBAI - 400025, MAHARASHTRA,
INDIA |
B36191492 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Debentures |
25000.000 |
25000.000 |
|
Loans and advances from related parties |
43353.500 |
40000.000 |
|
|
|
|
|
Total |
68353.500 |
65000.000 |
OPERATIONAL REVIEW:
During the year, the Company has successfully completed the fourth year of
commercial operations of Kakinada – Hyderabad – Ahmedabad Gas Pipeline [East
West Pipeline (“EWPL”)].
During the year, EWPL transported over 12.19 Billion Standard Cubic
Meters (SCM) of gas without any curtailment, in spite of the declined pressure
from KG D6 source and crossed milestone of 65 Billion SCM of transportation
volume on cumulative basis since the commencement of commercial operations. The
average volumes transported during the year is ~33.41 MMSCMD.
The Company had no Lost Work Case (LWC) during the year. Cumulative
Million Man-Hours completed without LWC was 3.094 and cumulative days completed
since last LWC was 399.
The Company continues its certification under ISO 9001:2008, ISO
14001:2004, and OSHAS 18001:2007 (Integrated Management System) which is
testimony to its commitment to the best industry practices in all facets of
operation and maintenance.
FIXED ASSETS:
· Land
Buildings
Factory
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
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. 61.93 |
|
|
1 |
Rs. 102.39 |
|
Euro |
1 |
Rs. 85.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
55 |
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.