MIRA
INFORM REPORT
|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
POLYCAB WIRES PRIVATE LIMITED (w.e.f. 15.06.2001) |
|
|
|
|
Formerly Known
As : |
POLYCAB WIRES LIMITED |
|
|
|
|
Registered
Office : |
HICO House, 1st Floor, 771, Pandit Satwalekar
Marg, Mahim (West), Mumbai - 400016, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
29.09.2013 |
|
|
|
|
Date of
Incorporation : |
10.01.1996 |
|
|
|
|
Com. Reg. No.: |
11-096105 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.706.030 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1996PTC096105 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP15167F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6474E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of LT PVC / XLPE Power,
Control, Instrumentation Cables, Flexible, House Wires, ACSR, AAAC, Ariel
Bunched wires. |
|
|
|
|
No. of Employees
: |
1500
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 51000000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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|
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|
Comments : |
Subject is an established and reputed company having good track
record. Financial position of the company appears sound. Trade relations are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal 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
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 |
FITCH |
|
Rating |
Long term Rating IND (A+) |
|
Rating Explanation |
High Credit Quality |
|
Date |
December 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 DENIED
Management Non Co-operative (91-22-24327070)
LOCATIONS
|
Registered Office / Head Office : |
1st Floor, HICO House, 771, Pandit Satwalekar
Marg, Mahim (West), Mumbai – 400 016, |
|
Tel. No.: |
91-22-24327070/ 74/ 75/ 24329118/ 24362199 / 673516466 |
|
Fax No.: |
91-22-24327075/ 24322141 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No.74/ 7-11,
Daman Industrial Estate, Airport Dalwade Road, Village Kadaia, Daman –
396210, Union Territory, India |
|
Tel. No.: |
91-260-3291031/ 3291070/ 2220422/ 25/ 28 |
|
Fax No.: |
91-260-2221009 |
|
E-Mail : |
|
|
|
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|
Factory 2 : |
55/1, 65/1, Rameshwar Road, Baska Halol, District Panchmahal - 389350,
Gujarat, India |
|
|
|
|
Factory 3 : |
Unit. 4, Plot No. 67/72, Village: Nurpura, Taluka Halol, District Panchmahal - 389350, Gujarat, India |
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Branch Office : |
Located At ·
· Andhra Pradesh · Assam · Bihar · Chandigard · Chhattisgarh · Delhi · Gujarat · Himachal Pradesh · Jharkhand · Karnataka · Kerala · Madhya Pradesh · Maharashtra, · Odisha · Punjab · Rajasthan · Tamilnadu · Uttar Pradesh · West Beagle |
DIRECTORS
AS ON 12.07.2013
|
Name : |
Mr. Inder Thakurdas Jaisinghani |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
17/6, Khiaram Bhavan R.A. Kidwai Road, Wadala, Mumbai- 400003, Maharashtra, India |
|
Date of Birth/Age : |
29.03.1952 |
|
Date of Appointment : |
20.12.1997 |
|
PAN No. : |
AAAPJ9287G |
|
DIN No.: |
00309108 |
|
|
|
|
Name : |
Mr. Ramakrishnan Ramamurthi |
|
Designation : |
Managing director |
|
Address : |
Flat No. A-44, Kalptaru Residency, Plot No. 107, Kamani Road, Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1961 |
|
Date of Appointment : |
01.04.2012 |
|
PAN No. : |
AACPJ2100L |
|
DIN No.: |
00120246 |
|
|
|
|
Name : |
Mr. Ajay Thakurdas Jaisinghani |
|
Designation : |
Whole Time Director |
|
Address : |
17/6, Khaira, Bhavan, R.A Kidwai Road, Wadala, Mumbai – 400031, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1954 |
|
Date of Appointment : |
01.09.2007 |
|
PAN No. : |
AACPJ2099J |
|
DIN No.: |
00276588 |
|
|
|
|
Name : |
Mr. Ramesh Thakurdas Jaisinghani |
|
Designation : |
Whole Time Director |
|
Address : |
701/2, Salisbury Park, 82, Hill, Bandra (West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1956 |
|
Date of Appointment : |
10.01.1996 |
|
DIN No.: |
00309314 |
|
|
|
|
Name : |
Mr. Lemaire Claude Michel |
|
Designation : |
Director |
|
Address : |
64, Rue Dr, Bellecgasse – 75007, Paris |
|
Date of Birth/Age : |
21.12.1946 |
|
Date of Appointment : |
29.09.2010 |
|
DIN No.: |
02879461 |
|
|
|
|
Name : |
Mr. Martin Christopher Spicer |
|
Designation : |
Additional Director |
|
Address : |
Emirgan 034467 Sariyer, Istanbul, Turkey 34467 |
|
Date of Birth/Age : |
15.08.1968 |
|
Date of Appointment : |
21.06.2013 |
|
DIN No.: |
06604199 |
KEY EXECUTIVES
|
Name : |
Mr. Narayana Sai Subramaniam |
|
Designation : |
Secretary |
|
Address : |
701 Manisha Garden, Navghar Road, Mulund (East), Mumbai, Maharashtra,
India |
|
Date of Birth/Age : |
06.07.1956 |
|
Date of Appointment : |
14.12.2012 |
|
PAN No.: |
ABKPN9636N |
MAJOR SHAREHOLDERS
AS ON 12.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Inder Thakurdas Jaisinghani |
|
1500907 |
|
Ramesh Thakurdas Jaisinghani |
|
1199967 |
|
Ajay Thakurdas Jaisinghani |
|
1200191 |
|
Girdhari Thakurdas Jaisinghani |
|
1199967 |
|
Bharat Ajay Jaisinghani |
|
3000996 |
|
Nikhil Ramesh Jaisinghani |
|
3000996 |
|
Reena Ramesh Jaisinghani |
|
960 |
|
Anil Hariram Haraiani |
|
2999400 |
|
Kartik Shrish Shah |
|
2000 |
|
International Finance Corporation, India |
|
1058822 |
Equity Share Break up (Percentage of Total Equity)
AS ON 12.07.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
15.00 |
|
Directors or relatives of Directors |
85.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of LT PVC / XLPE
Power, Control, Instrumentation Cables, Flexible, House Wires, ACSR, AAAC,
Ariel Bunched wires. |
||||
|
|
|
||||
|
Products : |
· House wires · Flexible cables · LT 1100 volt grade cables · Instrumentation cables · Railway Signalling cables approved by R.D.S.O. and Rites · LT 1100 Volt Grade Rubber Cables · Fire Survival cables · Zero Halogen (Halogen) Free cables · Structure cables ·
Telephone cables ·
PVC Compound |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Electrical Cables and Wires |
KM |
981000 |
882920 |
Note:
Installed capacity is as certified by the management
of the company, on which auditors have relied, being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
1500 (Approximately) |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
·
IDBI Bank Limited, IDBI Tower WTC Complex, Cuffe
Parade, Mumbai -400 005, Maharashtra,
India ·
Punjab
National Bank, ILACO House, Sir P.M. Road Fort, Mumbai – 400001, Maharashtra,
India ·
ICICI
Bank Limited, Land Mark Race, Cource Circle, Alkapuri, Baroda – 390015,
Gujarat, India ·
State
Bank of India ·
Standard
Chartered Bank, Fort, Mumbai, Maharashtra, India ·
Citi
Bank, Mumbai, Maharashtra, India ·
State Bank of India, Industrial Finance
Branch, Lekhraj Bhavan, Saki Vihar Road, Saki Naka, Mumbai - 400072, ·
HDFC
Bank, Fort, Mumbai, Maharashtra, India ·
Export
Importer Bank of India, Center One Building, World Trade Center, 21st
Floor, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
14th 15th and 16th Floor, The Ruby, 29 Senapati Bapat
Marg, Dadar (West), Mumbai - 400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Subsidiary Company : |
·
Jaisingh Wires Private Limited [U31300MH1995PTC094751] ·
Polycab Wires Industries Private Limited [U31401MH2007PTC175153] |
CAPITAL STRUCTURE
AS ON 12.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91000000 |
Equity Shares |
Rs. 10/- each |
Rs.910.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70602919 |
Equity Shares |
Rs. 10/- each |
Rs.706.029 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91000000 |
Equity Shares |
Rs. 10/- each |
Rs.910.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70603000 |
Equity Shares |
Rs. 10/- each |
Rs.706.030 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 |
706.030 |
655.880 |
655.740 |
|
(b) Reserves & Surplus |
12229.310 |
9891.830 |
8831.030 |
|
(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) |
12935.340 |
10547.710 |
9486.770 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
2163.630 |
|
(b) Deferred tax liabilities (Net) |
201.890 |
190.440 |
95.390 |
|
(c) Other long term liabilities |
5.900 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
7.900 |
|
Total Non-current Liabilities (3) |
207.790 |
190.440 |
2266.920 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5436.290 |
7656.350 |
9779.140 |
|
(b) Trade payables |
6288.120 |
6499.050 |
4777.080 |
|
(c) Other current
liabilities |
1116.440 |
2969.290 |
1722.410 |
|
(d) Short-term provisions |
69.850 |
106.220 |
88.000 |
|
Total Current Liabilities (4) |
12910.700 |
17230.910 |
16366.630 |
|
|
|
|
|
|
TOTAL |
26053.830 |
27969.060 |
28120.320 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5584.110 |
4718.990 |
3490.740 |
|
(ii) Intangible Assets |
19.720 |
26.930 |
34.350 |
|
(iii) Capital
work-in-progress |
1613.910 |
2201.510 |
1605.880 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
127.340 |
105.130 |
289.650 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1405.960 |
1577.630 |
1578.730 |
|
(e) Other Non-current assets |
53.360 |
75.170 |
119.230 |
|
Total Non-Current Assets |
8804.400 |
8705.360 |
7118.580 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6096.620 |
6599.710 |
8138.810 |
|
(c) Trade receivables |
9873.850 |
11178.160 |
10764.770 |
|
(d) Cash and cash
equivalents |
342.990 |
214.050 |
120.170 |
|
(e) Short-term loans and
advances |
908.700 |
1228.050 |
1960.460 |
|
(f) Other current assets |
27.270 |
43.730 |
17.530 |
|
Total Current Assets |
17249.430 |
19263.700 |
21001.740 |
|
|
|
|
|
|
TOTAL |
26053.830 |
27969.060 |
28120.320 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales (Net) |
|
|
31767.058 |
|
|
|
Other Income |
|
|
367.389 |
|
|
|
TOTAL (A) |
37194.730 |
37755.960 |
32134.447 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods Consumed |
|
|
30808.180 |
|
|
|
Increase/ Decrease in Stock |
|
|
(4745.582) |
|
|
|
Manufacturing Expenses |
|
|
2415.722 |
|
|
|
Personnel Expenses |
|
|
438.549 |
|
|
|
Administrative And Other Expenses |
|
|
862.101 |
|
|
|
Employees Remuneration and benefits |
|
|
0.000 |
|
|
|
TOTAL (B) |
34371.150 |
35608.070 |
29778.970 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2823.580 |
2147.890 |
2355.477 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1206.880 |
1233.730 |
1081.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1616.700 |
914.160 |
1274.356 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
455.490 |
401.400 |
215.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1161.210 |
512.760 |
1058.383 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
392.410 |
180.390 |
356.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
768.910 |
332.370 |
701.630 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export FOB Value |
|
|
739.894 |
|
|
|
Other Earnings |
|
|
18.132 |
|
|
TOTAL EARNINGS |
414.840 |
NA |
758.026 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
5744.462 |
|
|
|
Stores & Spares |
|
|
201.539 |
|
|
|
Capital Goods |
|
|
21.793 |
|
|
TOTAL IMPORTS |
4542.600 |
NA |
5967.794 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.89 |
NA |
10.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.07
|
0.88 |
2.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
3.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.67
|
2.14 |
4.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.05 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42
|
0.73 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.12 |
1.28 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturity of Long Term Debt |
0.000 |
2157.550 |
864.000 |
|
|
|
|
|
|
Total |
0.000 |
2157.550 |
864.000 |
|
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS:
|
HIGH
COURT OF BOMBAY
|
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Term loans from
others |
0.000 |
2841.600 |
|
Loans and
Advances from related parties |
100.520 |
92.500 |
|
|
|
|
|
Total |
100.520 |
2934.100 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10429530 |
23/04/2013 |
23,570,000,000.00 |
SBICAP
TRUSTEE COMPANY LIMITED |
202,
MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI - 400005, MAHARASHTRA, INDIA |
B76493279 |
|
2 |
10097759 |
04/03/2008 |
3,200,000,000.00 |
ICICI
BANK LIMITED |
ICICI
CENTER, 163, HT PAREKH MARG, BACKBAY RECLAMATION, CHURCHGATE, MUMBAI -
400020, MAHARASHTRA, |
A35873736 |
|
3 |
10004057 |
05/05/2006 |
2,450,000,000.00 |
ICICI
BANK |
NARIMAN
POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
A01092360 |
|
4 |
80044806 |
18/03/2010
* |
6,000,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
A82894759 |
* Date of charge modification
FIXED ASSETS:
· Freehold land
· Lease hold Land
· Buildings
· Plant and machinery
· Electrical installation
· Vehicles
· Furniture, Fixtures
· Office Equipments
·
Motor Car
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.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
54 |
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.