MIRA
INFORM REPORT
|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
EDELWEISS SECURITIES LIMITED (w.e.f. 08.06.2007) |
|
|
|
|
Formerly Known
As : |
EDELWEISS SECURITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, MB
Towers, Plot No.5, Road No.2, Banjara Hills, Hyderabad –
500034, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.08.1993 |
|
|
|
|
Com. Reg. No.: |
01-052266 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.47.600
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67110AP1993PLC052266 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14684F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3792N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in institutional equity broking and proprietary
trading in equities and equity related derivatives |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a part of Edelweiss Group. It is an established company having good track record. Management of the company has filed its latest financials i.e. 2013
with government department. However, due to some technical error 2013
financial are not available. As per indirect source i.e. Crisil, the turnover figure and profit
after tax for the year 2013 is made available. There seems some continuous dip in the turnover of the company.
However, overall financial position of the company is sound and healthy. Fundamentals of the company’s are strong. Subject is a member of the National Stock Exchange and Bombay Stock
Exchange, and an active player in the cash and futures and options segments. Trade relations are reported as trustworthy. Business is active.
Payment terms are reported to be regular and as per commitment. 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
N E W S
The economy grew 4.7
%in 2013/14, marking a second straight year of sub-5 % growth – the worst
slowdown in more than a quarter of a century. The data was below an official
estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal
year. However, the current account deficit narrowed sharply to $ 32.4 billion
at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8
billion or 4.7 %, the year before.A sharp fall in gold imports due to
restrictions on overseas purchases and muted import of capital goods helped
shrink the current account deficit.
Online retailer
Flipkart has acquired fashion portal Myntra as it prepares to battle with the
rapidly expanding India arm of the global e-commerce giant Amazon. The company
raised $ 210 million from Russian Investment firm DST Global which has also
invested in companies like Facebook, Twitter and Alibaba Group.
General Motors will
start exporting vehicles from its Talegaon plant near Pune in the second half
of 2014. GM was one of the few global carmakers that was using its India plant
only for the domestic market.
Google has overtaken
Apple as the world’s top brand in terms of value, according to global market
research agency Millward Brown. Google’s brand value shot up 40 % in a year to
$ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.
Infosys lost another
heavy weight when B G Srinivas, a board member put in his papers. He is the
third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the
company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went
on to lead IGate, Balakrishnan joined politics.
Naresh Goyal –
promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the
three months ended March 31, mainly because it has been offering discounts to
passengers to fill planes.
William S Pinckney –
Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in
connection with a complaint against the direct selling firm. This is the second
time that he has been taken into custody. A year, ago the Kerala Police had
arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its
state-owned enterprises to sever links with American consulting firms after the
United States charged five Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as
a country with some of the highest unregistered businesses in the world.
Indonesia has the maximum number of shadow businesses, says a study of 68
countries by Imperial College Business School in London.
Pfizer has abandoned
its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk |
|
Date |
17.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
17.04.2014 |
|
|
|
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 DENIED
Management Non-Cooperative (Tel No.: 91-0-40316900 / 91-22-40094400)
LOCATIONS
|
Registered Office : |
2nd Floor, MB
Towers, Plot No.5, Road No.2, Banjara Hills, Hyderabad –
500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40316900 |
|
Fax No.: |
91-40-40316905 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Edelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098,
Maharashtra, India |
|
Tel No.: |
91-22-40094400 |
DIRECTORS
As on 23.08.2013
|
Name : |
Mr. Naresh Lakshman Singh Kothari |
|
Designation : |
Director |
|
Address : |
2601/2602 26th Floor, Orbit Heights, J.D. Marg, Nanachowk, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
03.09.1970 |
|
Date of Appointment : |
03.10.2005 |
|
PAN No.: |
AALPK7561R |
|
DIN No.: |
00012523 |
|
|
|
|
Name : |
Mr. Narendra Jamnadas Jhaveri |
|
Designation : |
Director |
|
Address : |
C-42, Samprat Residency, Premchand Nagar Road, Bodakdev, Ahemdabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
09.08.1935 |
|
Date of Appointment : |
14.01.2008 |
|
|
|
|
Name : |
Mr. Samir Jayantilal Doshi |
|
Designation : |
Director |
|
Address : |
301, Shivali Plot, No. 6, Azad Nagar, Soc., N. S .Road, No. 1, Juhu Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1973 |
|
Date of Appointment : |
19.03.2008 |
|
DIN No.: |
02020452 |
|
|
|
|
Name : |
Mr. Kaushik Hirji Karani |
|
Designation : |
Director |
|
Address : |
202, Pelican Plot, No. 311, Nanda Patkar Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
24.02.1972 |
|
Date of Appointment : |
19.03.2008 |
|
DIN No.: |
02020023 |
|
|
|
|
Name : |
Mr. Vikas Vijaykumar Khemani |
|
Designation : |
Director |
|
Address : |
Room No. 1204, 12th Floor, Erica, Dosti Acres, Wadala (East), Mumbai – 400037, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1976 |
|
Date of Appointment : |
29.04.2010 |
|
PAN No.: |
ADTPK8739J |
|
DIN No.: |
00065941 |
MAJOR SHAREHOLDERS
As on 23.08.2013
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Edelweiss Financial Services Limited, India |
|
21713658 |
|
Edelweiss Financial Services Limited, India |
|
4499940 |
|
Renganathan B. Nominee of Edelweiss Financial Services Limited, India |
|
13 |
|
Joshi Sitesh Nominee of Edelweiss Financial Services Limited, India |
|
13 |
|
Khurana Tarun Nominee of Edelweiss Financial Services Limited, India |
|
13 |
|
Chhabria Preeti Nominee of Edelweiss Financial Services Limited, India |
|
13 |
|
Meghani Jinesh Nominee of Edelweiss Financial Services Limited, India |
|
13 |
|
Agarwal Vinit Nominee of Edelweiss Financial Services Limited, India |
|
13 |
|
Total |
|
26213676 |
|
Names of Shareholders (Preference
Shares) |
|
No. of Shares |
|
Edelweiss Commodities Services Limited, India |
|
260000 |
|
Total |
|
260000 |
Equity Share Break up (Percentage of Total Equity)
As on 23.08.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in institutional equity broking and proprietary trading
in equities and equity related derivatives |
||||
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|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan,
227,D, Nariman Point, Mumbai - 400021,
Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi
Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Holding Company : |
· Edelweiss Financial Services Limited CIN No.: L99999MH1995PLC094641 |
|
|
|
|
Subsidiaries : |
· Edelweiss Comtrade Limited CIN No.: U66990GJ1995PLC025267 |
|
|
|
|
Fellow Subsidiaries
: |
· Edelweiss Asset Management Limited CIN No.: U65991MH2007PLC173409 · Edelweiss Trading and Holdings Limited (formerly Edelweiss Commodities Limited) CIN No.: U51100AP2004PLC052387 · Edelweiss Commodities Services Limited CIN No.: U45201AP2006PLC078157 · Edelweiss Financial Advisors Limited (w.e.f 16 July 2010) ( formerly Anagram Capital Limited) CIN No.: U65910GJ1993PLC20228 · ECL Finance Limited CIN No.: U65990MH2005PLC154854 · Edelcap Securities Limited CIN No.: U67120AP2008PLC057145 · ECap Equities Limited CIN No.: U67190AP2008PLC057122 · Edelweiss Finance and Investments Limited CIN No.: U67120AP1994PLC052372 · Edelweiss Global Wealth Management Limited CIN No.: U67100MH2007PLC174819 · EC Commodity Limited CIN No.: U51109AP2008PLC065146 · Edelweiss Investment Advisors Limited CIN No.: U74140MH2008PLC182920 · Edelgive Foundation CIN No.: U65999MH2008NPL182809 |
|
|
|
|
Associates : |
·
Arum Investments Private Limited CIN No.: U65993MH2006PTC164007 ·
Magnolia Financial Services Private Limited CIN No.: U65990MH2009PTC195495 ·
Dahlia Financial Services Private Limited CIN No.: U65999MH2009PTC195730 |
CAPITAL STRUCTURE
As on 23.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27540000 |
Equity Shares |
Rs.10/- each |
Rs.275.400 Millions |
|
460000 |
Preference Shares |
Rs.10/- each |
Rs.4.600 Millions |
|
|
Total |
|
Rs.280.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26213676 |
Equity Shares |
Rs.10/- each |
Rs.262.137
Millions |
|
260000 |
Preference Shares |
Rs.10/- each |
Rs.2.600
Millions |
|
|
Total |
|
Rs.267.737 Millions |
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27540000 |
Equity Shares |
Rs.10/- each |
Rs.275.400 Millions |
|
460000 |
Preference Shares |
Rs.10/- each |
Rs.4.600 Millions |
|
|
Total |
|
Rs.280.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000
Millions |
|
260000 |
Preference Shares |
Rs.10/- each |
Rs.2.600
Millions |
|
|
Total
|
|
Rs.47.600 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
47.600 |
45.000 |
|
(b) Reserves & Surplus |
|
2,927.363 |
2,606.666 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
864.515 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3,839.478 |
2,651.666 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.064 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
1.262 |
2.214 |
|
(d) long-term provisions |
|
70.222 |
256.722 |
|
Total Non-current Liabilities (3) |
|
71.484 |
259.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
8,779.417 |
17,811.357 |
|
(b) Trade payables |
|
1,652.754 |
2,065.215 |
|
(c) Other current
liabilities |
|
3,960.617 |
4,888.965 |
|
(d) Short-term provisions |
|
203.339 |
426.419 |
|
Total Current Liabilities (4) |
|
14,596.127 |
25,191.956 |
|
|
|
|
|
|
TOTAL |
|
18,507.089 |
28,102.622 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
383.980 |
133.204 |
|
(ii) Intangible Assets |
|
12.817 |
1.421 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1,654.938 |
1,770.778 |
|
(c) Deferred tax assets (net) |
|
112.613 |
152.853 |
|
(d) Long-term Loan and Advances |
|
859.244 |
528.376 |
|
(e) Other Non-current assets |
|
1,000.000 |
6,164.295 |
|
Total Non-Current Assets |
|
4,023.592 |
8,750.927 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
28.074 |
3,610.134 |
|
(c) Trade receivables |
|
306.799 |
644.937 |
|
(d) Cash and cash
equivalents |
|
10,808.609 |
10,526.308 |
|
(e) Short-term loans and
advances |
|
2,317.696 |
894.563 |
|
(f) Other current assets |
|
1,022.319 |
3,675.753 |
|
Total Current Assets |
|
14,483.497 |
19,351.695 |
|
|
|
|
|
|
TOTAL |
|
18,507.089 |
28,102.622 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
195.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2746.114 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2941.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
51.446 |
|
|
2] Unsecured Loans |
|
|
5389.415 |
|
|
TOTAL BORROWING |
|
|
5440.861 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8381.975 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
186.227 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1418.418 |
|
|
DEFERREX TAX ASSETS |
|
|
175.969 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
145.445 |
|
|
Sundry Debtors |
|
|
437.077 |
|
|
Cash & Bank Balances |
|
|
9960.823 |
|
|
Other Current Assets |
|
|
472.672 |
|
|
Loans & Advances |
|
|
972.154 |
|
Total
Current Assets |
|
|
11988.171 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4859.857 |
|
|
Other Current Liabilities |
|
|
109.011 |
|
|
Provisions |
|
|
417.942 |
|
Total
Current Liabilities |
|
|
5386.810 |
|
|
Net Current Assets |
|
|
6601.361 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8381.975 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4482.197 |
7305.617 |
2816.574 |
|
|
|
Other Income |
13.607 |
8.958 |
50.858 |
|
|
|
TOTAL (A) |
4495.804 |
7314.575 |
2867.432 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
1168.166 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
43.498 |
(16.927) |
|
|
|
|
Employee benefit expense |
614.947 |
812.310 |
|
|
|
|
Other expenses |
1069.389 |
1002.045 |
|
|
|
|
TOTAL (B) |
2896.000 |
6105.068 |
2009.345 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1599.804 |
1209.507 |
858.087 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1432.165 |
692.952 |
588.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
167.639 |
516.555 |
270.052 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
60.719 |
89.102 |
83.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
106.920 |
427.453 |
186.675 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
43.623 |
(63.496) |
46.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
63.297 |
490.949 |
140.289 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2334.558 |
2473.102 |
2431.265 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
49.095 |
14.029 |
|
|
|
Transfer to Capital Redemption Reserve |
0.000 |
150.000 |
0.000 |
|
|
|
Dividend on Preference Shares |
0.000 |
0.096 |
0.160 |
|
|
|
Interim dividend |
0.000 |
369.000 |
72.000 |
|
|
|
Dividend distribution tax |
0.000 |
61.302 |
12.263 |
|
|
BALANCE CARRIED
TO THE B/S |
2397.855 |
2334.558 |
2473.102 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.46 |
109.08 |
31.13 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
3.200 Billions |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
159.300 Millions
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.41 |
6.71 |
4.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.39 |
5.85 |
6.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.64 |
1.63 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.16 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.29 |
6.72 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.77 |
2.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
195.000 |
45.000 |
47.600 |
|
Reserves & Surplus |
2746.114 |
2606.666 |
2927.363 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
864.515 |
|
Net
worth |
2941.114 |
2651.666 |
3839.478 |
|
|
|
|
|
|
Secured Loans |
51.446 |
11029.038 |
5720.855 |
|
Unsecured Loans |
5389.415 |
6782.383 |
3058.562 |
|
Total
borrowings |
5440.861 |
17811.421 |
8779.417 |
|
Debt/Equity
ratio |
1.850 |
6.717 |
2.287 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs. In
Millions |
Rs.
In Millions |
|
Sales |
2,816.574 |
7,305.617 |
4,482.197 |
|
|
|
159.380 |
(38.647) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
2,816.574 |
7,305.617 |
4,482.197 |
|
Profit |
140.289 |
490.949 |
63.297 |
|
|
4.98% |
6.72% |
1.41% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current maturities of long term debt |
|
|
|
|
Vehicles loan from banks |
0.064 |
0.618 |
NA |
|
Total |
0.064 |
0.618 |
NA |
|
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
four years |
Yes |
|
12] |
Profitability for last
four 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 |
No |
|
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
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
ITXAL/1387/2012 |
Failing Date:- |
01/10/2012 |
Reg No.: |
ITXA/1521/2012 |
Reg Date:- |
12/12/2012 |
|
|
|||||||
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX – 4- |
Respondent:- |
EDELWEISS SECURITIES LIMITED |
||||
|
Petn.Adv:- |
A R Malhotra (0) |
Resp. Adv.: |
PDS LEGAL (0) |
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
||||
|
Status:- |
Pre-Admission |
Stage:- |
|
||||
|
Last Date:- |
14/07/2014 |
|
|||||
|
Last Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
||||||
|
|
|
||||||
|
Act. : |
Income Tax Act,1961 |
Under Section 260A |
|||||
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loan From Edelweiss Financial Services Limited, the Holding Company (repayable on demand, at variable rate of interest) |
517.429 |
1469.262 |
|
Inter corporate deposit (repayable on demand) |
322.500 |
0.000 |
|
Commercial paper |
2290.000 |
5390.000 |
|
Less: Unamortised discount |
71.367 |
76.879 |
|
Total |
3058.562 |
6782.383 |
FINANCIAL PERFORMANCE
During the year, the Company earned revenue of Rs.4495.800 Millions as against Rs.7314.570 Millions during the previous year. The profit after tax stood at Rs.63.300 Millions as against the profit after tax of Rs.490.950 Millions earned during the previous year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10495324 |
28/03/2014 |
1,000,000,000.00 |
State Bank Of Bikaner And Jaipur |
Peninsula House, Dr. D.N Road, Fort, Mumbai, Maharashtra - 400001, India |
C04678199 |
|
2 |
10370478 |
19/07/2012 |
500,000,000.00 |
Kotak Mahindra Bank Limited |
36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B45651387 |
|
3 |
10278054 |
06/02/2013 * |
1,200,000,000.00 |
Citi Bank N.A. |
DLF Centre, 5th Floor, Parliament Street, Delhi - 110001, India |
B71186050 |
|
4 |
10279572 |
21/03/2014 * |
2,000,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C00751784 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.09 |
|
|
1 |
Rs.102.33 |
|
Euro |
1 |
Rs.82.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
62 |
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.