MIRA
INFORM REPORT
|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRATIBHA INDUSTRIES LIMITED |
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Registered
Office : |
Shrikant Chambers, Phase II, 5th Floor, Sion-Trombay Road, Next
to R.K. Studio, Chembur, Mumbai – 400 071, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.07.1995 |
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Com. Reg. No.: |
11-090760 |
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Capital Investment
/ Paid-up Capital : |
Rs.348.850
millions |
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|
CIN No.: [Company Identification
No.] |
L45200MH1995PLC090760 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP08929E |
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Legal Form : |
Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Subject is engaged into infrastructure development and also engaged in manufacturing and coating of Saw Pipes. |
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No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 27276000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the turnover and profit of the company during
2014. However, general financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes that many things such as apartment
sales, luxury products, etc. were largely bought with dirty money. And it is
now beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20%! Equities came in second with annualized return of
15.5%! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs.10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB [Long Term - Downgraded
From A - ] |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
30.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ [Short Term – Downgraded From A2+ ] |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
|
Date |
30.09.2013 |
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
31-03-2014.
INFORMATION DECLINED
Management non-cooperative
Tel. No.: 91-22-39559999
LOCATIONS
|
Registered Office : |
Shrikant Chambers, Phase II, 5th Floor, Sion-Trombay Road,
Next to R.K. Studio, Chembur, Mumbai – 400 071, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9930458515 (Mr. Pankaj Chourasia) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office/ Corporate Office : |
14th
Floor, Universal Majestic, P.L Lokhande Marg, Off. Ghatkopar Mankhurd Link
Road, Govandi (West), Mumbai – 400 043, Maharashtra, India |
|
Tel. No.: |
91- 22-39559999 |
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Fax No.: |
91- 22-39559900 |
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E-Mail : |
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Factory : |
Plot No.215,
Vljaypur, P.O. Kone, Bhiwandi-Wada Road, Tal Wada, District Thane-421303,
Maharashtra, India |
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|
|
|
Site Office : |
Magnum Developers,
Lalbaug Plant, Chewda Galli, Opposite Lalbaug Raja, Lok Satta Campus, Mumbai,
Maharashtra, India |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mrs. Usha B. Kulkarni |
|
Designation : |
Chairperson |
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|
Name : |
Mr. Ajit B. Kulkarni |
|
Designation : |
Managing Director |
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|
Name : |
Mr. Ravi A. Kulkarni |
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Designation : |
Whole Time Director |
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Name : |
Mr. Sharad P. Deshpande |
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Designation : |
Whole Time Director |
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Name : |
Mr. Awinash M. Arondekar |
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Designation : |
Director |
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|
Name : |
Mr. Shrikant T. Gadre |
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Designation : |
Director |
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|
Name : |
Dr. S. L. Dhingra |
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Designation : |
Director |
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Name : |
Mr. V. Sivakumaran |
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Designation : |
Director |
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Name : |
Mr. Vilas B. Parulekar |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Chourasia |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Category of Shareholder |
No. of Shares |
Percentage of holding |
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
47447512 |
46.95 |
|
|
47447512 |
46.95 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
47447512 |
46.95 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
6000000 |
5.94 |
|
|
183257 |
0.18 |
|
|
10216895 |
10.11 |
|
|
16400152 |
16.23 |
|
|
|
|
|
|
14626663 |
14.47 |
|
|
|
|
|
|
12599894 |
12.47 |
|
|
2731745 |
2.70 |
|
|
7249426 |
7.17 |
|
|
1091554 |
1.08 |
|
|
10000 |
0.01 |
|
|
713089 |
0.71 |
|
|
5434783 |
5.38 |
|
|
37207728 |
36.82 |
|
Total
Public shareholding (B) |
53607880 |
53.05 |
|
Total
(A)+(B) |
101055392 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
101055392 |
0.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal share
capital up to Rs.0.100 million
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into infrastructure development and also engaged in manufacturing and coating of Saw Pipes. |
PRODUCTION STATUS (AS ON 31.03.2011)
LICENSED CAPACITY
AND INSTALLED CAPACITY
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
M S Pipe |
M.T. |
90.00 |
17.055 |
|
Coating |
M2 |
1800.00 |
262.587 |
ACTUAL PRODUCTION
|
Particulars |
Unit |
Actual
Production |
|
M S Pipe |
M.T. |
15.658 |
|
M S Cut End |
M.T. |
0.970 |
|
HR Coil/Plate |
M.T. |
1.993 |
|
Coating of Pipe |
M2 |
262.587 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
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Bankers : |
·
Bank of Baroda ·
Axis Bank Limited ·
Bank of India ·
ICICI Bank Limited ·
Punjab National Bank ·
State Bank of India ·
Bharatiya Mahila Bank, Ground Floor, Air India Building, Nariman
Point, Mumbai – 400 021, Maharashtra, India |
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Facilities : |
NOTES:
i.
Foreign Currency Loans are repayable in 4 to 6 year from the date of loan
at interest rates ranging from 1.25% p.a. to 5.15% p.a. Above loans are
secured by first charges on specific assets financed by the lender. Further,
loans are guaranteed by the personal guarantees of promoter directors of the
Company. ii.
Rupee Loans from banks are repayable in 3 to 5 years at interest rates
ranging from 10.20% p.a. to 13.75% p.a. Above loans are secured by first
charges on specific assets financed by the lender. Further, loans are
guaranteed by the personal guarantees of Promoter Directors of the Company. iii.
Rupee Loans from Financial Institutions are repayable in 3 to 4 years
from the date of loan at interest rates ranging from 12.25% p.a. to 14.00%
p.a. Above loans are secured by first charges on specific assets financed by
the lender. Further, loans are guaranteed by the personal guarantees of
promoter directors of the Company. iv.
Fixed Deposit from Public are repayable in 2 to 3 years from the date
of deposit at an interest rates ranging from 11.50% p.a. to 12.50% p.a. These
deposits are unsecured in nature.
v.
Foreign Currency loan (Buyers credit) is repayable in 90 days from the
date of availment at interest rates ranging from 2.00% p.a. to 3.75% p.a. vi.
Rupee loan taken from various banks at interest rates ranging from
10.20% p.a. to 13.75% p.a. Above loans are secured against; i) first charge
by hypothecation of current assets (other than those specifically charged to
other banks), namely stock of raw materials, work-in-progress and
receivables; ii) First charge on the gross block (other than those
specifically charged to other banks); iii) Project specific current assets
and iv) Personal guarantees of Promoter-Directors of the Company. vii.
Fixed Deposit from Public are repayable within a year from the date of
deposit at an interest rate of 11.50% p.a. and 11.75% p.a. These deposits are
unsecured in nature. |
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Banking
Relations : |
-- |
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Statutory
Auditors : |
|
|
Name : |
Jayesh Sanghrajka and Company Chartered Accountants |
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Internal
Auditors : |
|
|
Name : |
Choksi and Choksi Chartered Accountants |
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|
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Cost Auditors : |
|
|
Name : |
Narasimha Murthy and Company Cost Accountants |
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|
Subsidiary Companies (As on 31.03.2013) : |
·
Bhopal Sanchi Highways Private Limited ·
Muktangan Developers Private Limited ·
Pratibha Holding (Singapore) Pte. Limited ·
Pratibha Infra Lanka (Private) Limited (Wholly
owned subsidiary of Pratibha Holding (Singapore) Pte Limited) ·
Prime Infrapark Private Limited |
|
|
|
|
Associates and Enterprises over which Key Managerial Personnel are
able to exercise significant influence (As on 31.03.2013) : |
·
Pratibha Pipes and Structural Limited ·
Pratibha Struct Build Private Limited ·
Pratibha Inds. Gen. Contracting LLC ·
Pratibha Shareholding Private Limited ·
Saudi Pratibha Industries LLC ·
Rahul Associates |
|
|
|
|
Joint Ventures (As on 31.03.2013) : |
·
Petron Pratibha JV ·
Pratibha JV ·
Pratibha Ostu JV ·
Pratibha Rohit JV ·
Patel Pratibha JV ·
Pratibha Unity ·
MEIL Saisudhir Pratibha JV ·
Pratibha China State JV ·
Unity Pratibha Multimedia JV ·
Niraj Pratibha JV ·
Unity Pratibha Consortium ·
ITD Pratibha Consortium ·
Pratibha GIN KJI Consortium ·
Pratibha SMS JV ·
Pratibha Al Ambia JV ·
Pratibha Aparna JV ·
Pratibha Membrane Filters JV ·
Pratibha Mosinzhstroi Consortium ·
Pratibha CRFG JV ·
Pratibha GECPL JV ·
Pratibha Pipes and Structural Consortium ·
Gammon Pratibha JV ·
FEMC Pratibha JV ·
KBL PIL Consortium ·
Pratibha Jain Irrigation Navana JV |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.202.111 millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000000 |
Equity Shares |
Rs.2/- each |
Rs.250.000 millions |
|
1631000 |
Compulsorily Convertible Participatory Preferences Shares |
Rs.92/- each |
Rs.150.052 millions |
|
|
Total
|
|
Rs.400.052
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
101055392 |
Equity Shares |
Rs.2/- each |
Rs.202.111
millions |
|
|
|
|
|
NOTES:
RECONCILIATION OF SHARES
OUTSTANDING AT THE BEGINNING AND AT THE END OF THE REPORTING PERIOD EQUITY
SHARES
|
PARTICULAR |
AS ON 31.03.2013 |
|
|
|
No. of Shares |
Amount in
Millions |
|
Number
of Shares at the beginning |
99424957 |
198.850 |
|
Add:-
CCPPS Converted into Equity Share |
1630435 |
3.261 |
|
Number
of Shares at the end |
101055392 |
202.111 |
COMPULSORILY CONVERTIBLE PARTICIPATORY PREFERENCE SHARES
|
PARTICULAR |
AS ON 31.03.2013 |
|
|
|
No. of Shares |
Amount in
Millions |
|
Number
of Shares at the beginning |
1630435 |
150.000 |
|
(Less):-
CCPPS Converted into Equity Share |
(1630435) |
(150.000) |
|
Number
of Shares at the end |
0.000 |
0.000 |
TERMS/RIGHTS ATTACHED TO
EQUITY SHARES
Equity shares are having a
par value of Rs.2 per share. Each holder of equity shares is entitled to one vote
per share. The Company declares and pays dividend in Indian Rupees. The
dividend proposed by the Board of Directors is subject to the approval of
shareholders in the ensuing Annual General Meeting.
The Board of Directors in
their meeting held on 24th May 2013, proposed final dividend of
Rs.0.60 per share. The proposal is subject to approval of shareholders at next
Annual General Meeting to be held. The total appropriation for the year ended
March 31, 2013 amounted to Rs.70.938 Millions including corporate dividend tax
of Rs.10.304 Millions.
In the event of liquidation
of the Company, the holders of equity shares will be entitled to receive
remaining assets of the Company, after distribution of all preferential
amounts. The distribution will be in proportion to the number of equity shares
held by the shareholders.
DETAILS OF SHAREHOLDERS
HOLDING MORE THAN 5% SHARES IN THE COMPANY
|
PARTICULAR |
AS ON 31.03.2013 |
|
|
|
No. of Shares |
% |
|
Equity
shares of Rs.2
each fully paid |
|
|
|
Usha
Bhagwan Kulkarni |
13002500 |
12.87% |
|
Ajit
B. Kulkarni |
11835854 |
11.71% |
|
Sunanda
Datta Kulkarni |
10000000 |
9.90% |
|
Vinayak
Bhagwan Kulkarni |
7817185 |
7.74% |
|
Warhol
Limited |
6097561 |
6.03% |
|
Reliance
Capital Trustee Co Ltd A/c Reliance |
|
|
|
Rural
Saving Fund- Equity Option |
6000000 |
5.94% |
|
Van
Dyck |
5434783 |
5.38% |
As per the of the Company,
including its register of shareholders/members and other declaration received from
shareholders regarding beneficial interest, the above shareholding represents
both legal and beneficial ownership of shares.
1630435 Shares were
allotted on conversion of Compulsorily Convertible Participatory Preference
Shares during the year.
Company has neither issued
any bonus shares nor any shares (apart from above) pursuant to contract without
payment being received in cash during preceding five years. It has also not
bought back any shares during these years.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
202.111 |
202.111 |
348.850 |
|
(b) Reserves & Surplus |
6616.805 |
6275.246 |
5247.778 |
|
(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) |
6818.916 |
6477.357 |
5596.628 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
5316.057 |
4930.615 |
1795.609 |
|
(b) Deferred tax liabilities (Net) |
431.887 |
335.107 |
240.668 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
5747.944 |
5265.722 |
2036.277 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3388.609 |
5242.680 |
4606.161 |
|
(b) Trade payables |
4946.458 |
3148.226 |
3953.490 |
|
(c) Other current liabilities |
12140.263 |
4616.544 |
3995.175 |
|
(d) Short-term provisions |
145.524 |
347.427 |
744.000 |
|
Total Current Liabilities (4) |
20620.854 |
13354.877 |
13298.826 |
|
|
|
|
|
|
TOTAL |
33187.714 |
25097.956 |
20931.731 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
6709.867 |
4660.793 |
|
(ii) Intangible Assets |
|
85.047 |
37.450 |
|
(iii) Capital work-in-progress |
|
5.029 |
1165.920 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
52.314 |
|
(b) Non-current Investments |
47.561 |
51.370 |
33.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
713.711 |
1040.763 |
1133.103 |
|
(e) Other Non-current assets |
379.352 |
258.832 |
204.198 |
|
Total Non-Current Assets |
10356.149 |
8150.908 |
7286.880 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
20.000 |
|
(b) Inventories |
6792.348 |
6408.262 |
4575.758 |
|
(c) Trade receivables |
6474.291 |
2573.810 |
2718.279 |
|
(d) Cash and cash equivalents |
1088.749 |
967.408 |
1265.695 |
|
(e) Short-term loans and advances |
7895.517 |
6346.561 |
4303.882 |
|
(f) Other current assets |
580.660 |
651.007 |
761.237 |
|
Total Current Assets |
22831.565 |
16947.048 |
13644.851 |
|
|
|
|
|
|
TOTAL |
33187.714 |
25097.956 |
20931.731 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
15511.971 |
16496.398 |
15034.353 |
|
|
Other Income |
177.234 |
115.254 |
185.169 |
|
|
TOTAL
(A) |
15689.205 |
16611.652 |
15219.522 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4697.480 |
7337.854 |
6232.582 |
|
|
Purchases
of stock in trade |
1443.339 |
0.000 |
0.000 |
|
|
Manufacturing, construction and operating expenses |
4099.238 |
5349.814 |
5283.503 |
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
90.847 |
(1840.251) |
(1125.263) |
|
|
Employees benefits expense |
874.784 |
1132.447 |
904.096 |
|
|
Other expenses |
1941.061 |
1871.150 |
1652.753 |
|
|
TOTAL
(B) |
13146.749 |
13851.014 |
12947.671 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST,
TAX, DEPRECIATION AND AMORTISATION
(C) |
2542.456 |
2760.638 |
2271.851 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1535.843 |
1161.424 |
971.904 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1006.613 |
1599.214 |
1299.947 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
418.038 |
291.223 |
188.453 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
588.575 |
1307.991 |
1111.494 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
223.371 |
356.324 |
279.094 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H) (I) |
365.204 |
951.667 |
832.400 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
3479.608 |
2694.179 |
2015.566 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
NA |
95.300 |
83.300 |
|
|
Proposed Dividend on
Equity Shares |
NA |
60.633 |
59.655 |
|
|
Proposed Dividend on
CCPPS |
NA |
0.000 |
0.978 |
|
|
Annual Fixed Dividend |
NA |
0.000 |
0.015 |
|
|
Corporate Dividend Tax |
NA |
10.305 |
9.839 |
|
|
Total |
NA |
166.238 |
153.787 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
NA |
3479.608 |
2694.179 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Consultancy Fees |
NA |
19.428 |
8.669 |
|
|
Overseas Contract Revenue
|
NA |
1650.867 |
2090.933 |
|
|
TOTAL EARNINGS |
NA |
1670.295 |
2099.602 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Consumables Stores |
NA |
0.000 |
28.600 |
|
|
TOTAL IMPORTS |
NA |
0.000 |
28.600 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
-
Basic |
3.61 |
9.44 |
8.36 |
|
|
-
Diluted |
3.61 |
9.44 |
8.24 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
2.33 |
5.73 |
5.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.79 |
7.93 |
7.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78 |
5.22 |
5.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.20 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.28 |
1.57 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.27 |
1.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
348.850 |
202.111 |
202.111 |
|
Reserves & Surplus |
5247.778 |
6275.246 |
6616.805 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
5596.628 |
6477.357 |
6818.916 |
|
|
|
|
|
|
Long-term borrowings |
1795.609 |
4930.615 |
5316.057 |
|
Short term borrowings |
4606.161 |
5242.680 |
3388.609 |
|
Total borrowings |
6401.770 |
10173.295 |
8704.666 |
|
Debt/Equity ratio |
1.144 |
1.571 |
1.277 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
15034.353 |
16496.398 |
15511.971 |
|
|
|
9.725 |
(5.968) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
15034.353 |
16496.398 |
15511.971 |
|
Profit |
832.400 |
951.667 |
365.204 |
|
|
5.54% |
5.77% |
2.35% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
|
CASE DETAILS BENCH: BOMBAY LODGING
NO.: ITXAL/1189/2014
FILING DATE: 18/06/2014
|
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10506423 |
24/06/2014 |
2,156,800,000.00 |
UNION BANK OF INDIA
LIMITED |
INDUSTRIAL FINANCE
BRANCH, UNION BANK BHAVAN, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA
- 400021, INDIA |
C09558768 |
|
2 |
10508225 |
18/06/2014 |
200,000,000.00 |
BHARATIYA MAHILA BANK |
GROUND FLOOR, AIR INDIA
BUILDING, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C10687044 |
|
3 |
10486447 |
26/03/2014 |
700,000,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH,
CHANDERLOK BUILDING, 36, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
C01016625 |
|
4 |
10479493 |
11/02/2014 |
200,000,000.00 |
STATE BANK OF TRAVANCORE |
CORPORATE FINANCE BRANCH,
112-115 TULSIANI CHAMBERS FREE PRESS JOURNAL MARG, MUMBAI, MAHARASHTRA -
400021, INDIA |
B97160121 |
|
5 |
10470862 |
24/12/2013 |
1,950,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH,
ALLAHABAD BANK BUILDING, 2ND FLOOR, 37, MUMBAI SAMACHAR MARG, FORT, MUMBAI,
MAHARASHTRA - 400023, INDIA |
B93771400 |
|
6 |
10448842 |
19/11/2013 * |
600,000,000.00 |
SBICAP TRUSTEE COMPANY
LIMITED |
202, MAKER TOWER, 'E', CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B90609363 |
|
7 |
10455706 |
31/08/2013 |
52,500,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST
FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B87775201 |
|
8 |
10441692 |
08/08/2013 |
2,000,000,000.00 |
BANK OF INDIA |
MDI BUILDING, 1ST FLOOR,
28, S. V. ROAD, ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
B81522831 |
|
9 |
10445818 |
05/08/2013 |
21,640,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B83462853 |
|
10 |
10445822 |
05/08/2013 |
25,858,700.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL |
B83464099 |
|
11 |
10449513 |
31/07/2013 |
31,000,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST
FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B85199214 |
|
12 |
10442338 |
23/07/2013 |
27,000,000.00 |
HDB FINANCIAL SERVICES
LIMITED |
RADHIKA, 2ND FLOOR, LAW
GARDEN ROAD, NAVRANGPURA, AHMEDABAD, GUJARAT - 380009, INDIA |
B81832651 |
|
13 |
10436277 |
05/07/2013 |
500,000,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
117-118 SHOPPING MALL, ARJUN
MARG, DLF PHASE - 1, GURGAON, HARYANA - 122002, INDIA |
B79372314 |
|
14 |
10437286 |
29/06/2013 |
1,000,000,000.00 |
BANK OF BARODA |
FAIR LAWN CO-OPERATIVE
HOUSINQ SOCIETY, PLOT NO 7, S.T. ROAD, CHEMBUR, MUMBAI, MAHARASHTRA - 400071,
INDIA |
B79788089 |
|
15 |
10431199 |
11/06/2013 |
847,500,000.00 |
CENTRAL BANK OF INDIA |
1ST FLOOR, MMO BUILDING,
FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B77124964 |
|
16 |
10431126 |
08/05/2013 |
30,336,999.10 |
SREI EQUIPMENT FINANCE
PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B77103406 |
|
17 |
10433902 |
30/04/2013 |
28,500,000.00 |
SHRIRAM EQUIPMENT FINANCE
COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR,
NO.4. LADY DESIKA ROAD, MYLAPORE, CHENNAI, TAMILNADU - 600004, INDIA |
B78308202 |
|
18 |
10425274 |
29/03/2013 |
14,027,000.00 |
HDB FINANCIAL SERVICES
LIMITED |
RADHIKA, 2ND FLOOR, LAW
GARDEN ROAD,, NAVRANGPURA, AHMEDABAD, GUJARAT - 380009, INDIA |
B74948183 |
|
19 |
10419902 |
22/03/2013 |
11,857,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP
SAMARTHESHWAR TEMPLE, LAW G |
B73247744 |
|
20 |
10412349 |
11/02/2013 |
65,000,000.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B70968144 |
|
21 |
10413133 |
08/02/2013 |
33,343,000.00 |
SHRIRAM EQUIPMENT FINANCE
COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR,
NO.4. LADY DESIKA ROAD, MYLAPORE, CHENNAI, TAMIL NADU - 600004, INDIA |
B71235097 |
|
22 |
10406215 |
07/02/2013 |
1,500,000,000.00 |
EXPORT-IMPORT BANK OF
INDIA |
CENTRE ONE, FLOOR 21, WORLD
TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B68927920 |
|
23 |
10403480 |
11/01/2013 |
22,367,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B68313204 |
|
24 |
10400728 |
21/12/2012 |
1,997,598.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP
SAMARTHESHWAR TEMPLE, LAW G |
B67051391 |
|
25 |
10400493 |
21/12/2012 |
24,191,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR
TEMPLE, LAW G |
B67069930 |
|
26 |
10395030 |
05/12/2012 |
8,466,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B65190027 |
|
27 |
10395027 |
04/12/2012 |
20,547,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B65189409 |
|
28 |
10395675 |
29/11/2012 |
5,800,000,000.00 |
AXIS BANK LIMITED |
GROUND FLOOR, WADIA INTERNATIONAL
CENTRE, P. B. MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B65386914 |
|
29 |
10387694 |
09/11/2012 |
27,868,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B62444666 |
|
30 |
10387690 |
08/10/2012 |
11,106,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B62442868 |
|
31 |
10384563 |
11/09/2012 |
3,269,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET,
KOLKATA, WEST BENGAL - 700016, INDIA |
B61411120 |
|
32 |
10384569 |
10/09/2012 |
23,900,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK
STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B61412268 |
|
33 |
10358969 |
12/04/2012 |
500,000,000.00 |
DBS BANK LIMITED |
221, FORT HOUSE, 3RD
FLOOR, D.N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B40913840 |
|
34 |
10338203 |
09/02/2012 |
2,500,000,000.00 |
AXIS BANK LIMITED |
GROUND FLOOR, WADIA INTERNATIONAL
CENTRE, P. B. MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B33229451 |
|
35 |
10326191 |
29/12/2011 |
1,817,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B28993053 |
|
36 |
10324621 |
12/12/2011 |
2,992,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B28368850 |
|
37 |
10327360 |
29/06/2013 * |
1,176,100,000.00 |
BANK OF BARODA |
FAIR LAWN CO-OPERATIVE
HOUSING SOCIETY,, PLOT NO 7, S.T. ROAD, CHEMBUR, MUMBAI, MAHARASHTRA -
400071, INDIA |
B79821054 |
|
38 |
10318027 |
08/11/2011 |
18,006,304.80 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD
ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B25439837 |
|
39 |
10303873 |
06/08/2011 |
452,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B19486646 |
|
40 |
10292929 |
14/09/2012 * |
450,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, 3A/F, PLOT NO.
C-38 & 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTR
|
B57761801 |
|
41 |
10295269 |
15/06/2011 |
26,381,626.00 |
SREI EQUIPMENT FINANCE
PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B16220998 |
|
42 |
10292488 |
13/06/2011 |
700,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, BANDRA
KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
B15097173 |
|
43 |
10285066 |
06/05/2011 |
212,500,000.00 |
CORPORATION BANK |
IFB BRANCH, 104, BHARAT
HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B11999745 |
|
44 |
10285950 |
30/04/2011 |
28,878,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA -411035, INDIA |
B12429205 |
|
45 |
10285942 |
30/04/2011 |
44,409,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B12429767 |
|
46 |
10278313 |
31/03/2011 |
9,076,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B09942301 |
|
47 |
10272935 |
22/02/2011 |
9,792,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B07184146 |
|
48 |
10272934 |
22/02/2011 |
16,237,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B07183726 |
|
49 |
10272252 |
04/02/2011 |
4,178,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B06812580 |
|
50 |
10267101 |
31/01/2011 |
7,107,926.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B05637673 |
|
51 |
10265358 |
15/01/2011 |
14,626,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B04950846 |
|
52 |
10258150 |
16/12/2010 |
2,550,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, BANDRA
KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
B00938373 |
|
53 |
10257153 |
24/10/2013 * |
39,800,000,000.00 |
SBICAP TRUSTEE COMPANY
LIMITED |
202, MAKER TOWER, 'E',
CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B87903936 |
|
54 |
10230824 |
30/06/2010 |
455,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89829576 |
|
55 |
10230827 |
28/06/2010 |
2,141,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89829717 |
|
56 |
10230835 |
26/06/2010 |
852,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89830202 |
|
57 |
10230826 |
26/06/2010 |
1,394,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89829600 |
|
58 |
10230831 |
25/06/2010 |
642,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89829899 |
|
59 |
10230833 |
25/06/2010 |
695,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89829949 |
|
60 |
10230829 |
25/06/2010 |
3,700,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89829790 |
|
61 |
10230834 |
25/06/2010 |
3,850,000.00 |
BAJAJ AUTO FINANCE
LIMITED |
AKURDI PUNE, PUNE,
MAHARASHTRA - 411035, INDIA |
A89830129 |
|
62 |
10220992 |
07/05/2010 |
15,000,000.00 |
JANAKALYAN SAHAKARI BANK
LIMITED |
140,VIVEK DARSHAN,SINDHI
SOCIETY,, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
A85323657 |
|
63 |
10216969 |
29/06/2013 * |
2,048,300,000.00 |
BANK OF BARODA |
FAIR LAWN CO-OPERATIVE
HOUSINQ SOCIETY, PLOT NO 7, S.T. ROAD, CHEMBUR, MUMBAI, MAHARASHTRA - 400071,
INDIA |
B79823464 |
|
64 |
10212285 |
15/04/2010 |
150,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G
BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA |
A83214130 |
|
65 |
10220495 |
30/03/2010 |
450,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. |
A85057735 |
|
66 |
10204890 |
22/02/2010 |
8,744,000.00 |
SREI EQUIPMENT FINANCE
PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
A80312416 |
|
67 |
10197744 |
28/01/2010 |
100,000,000.00 |
STANDARD CHARTERED BANK |
90, M.G. ROAD, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A77844942 |
|
68 |
10192328 |
04/12/2009 |
13,125,999.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
A75195305 |
|
69 |
10160774 |
19/05/2009 |
215,400,000.00 |
IKB DEUTSCHE
INDUSTRIESBANK AKTIENGSELLSCHAFT |
WILHELM BOTZKES- STR. 1,
DUSSELDORF, - 40474, GEO RGIA |
A63325682 |
|
70 |
10138950 |
23/12/2008 |
250,000,000.00 |
PUNJAB NATIONAL BANK |
MIDCORPORATE BRANCH,
BRADY HOUSE, V.N.ROAD, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
A55240899 |
|
71 |
10084459 |
10/11/2008 * |
700,000,000.00 |
AXIS BANK LIMITED |
NARIMAN POINT BRANCH, ATLANTA,
GROUND FLOOR, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
A53644969 |
|
72 |
10053083 |
20/01/2009 * |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
MIDCORPORATE BRANCH,
BRADY HOUSE, V.N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
A58293747 |
|
73 |
10052440 |
22/02/2007 |
1,980,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
A11457207 |
|
74 |
10019264 |
24/08/2006 |
2,613,000.00 |
ICICI LIMITED |
C-15, BANDRA-KURLA
COMPLEX,BANDRA (EAST), MUMBAI-51, W.E.F. 1/4/99, MAHARASHTRA - 400051, INDIA |
A03895711 |
|
75 |
10020344 |
24/08/2006 |
3,540,000.00 |
ICICI LIMITED |
C-15, BANDRA-KURLA COMPLEX,BANDRA
(EAST), MUMBAI-51, W.E.F. 1/4/99, MAHARASHTRA - 400051, INDIA |
A03895844 |
|
76 |
10014301 |
18/08/2006 |
668,000.00 |
ICICI LIMITED |
C-15, BANDRA-KURLA
COMPLEX,BANDRA (EAST), MUMBAI-51, W.E.F. 1/4/99, MAHARASHTRA - 400051, INDIA |
A03404472 |
|
77 |
10014300 |
18/08/2006 |
3,211,046.00 |
ICICI LIMITED |
C-15, BANDRA-KURLA
COMPLEX,BANDRA (EAST), MUMBAI-51, W.E.F. 1/4/99, MAHARASHTRA - 400051, INDIA |
A03404100 |
|
78 |
10015814 |
18/08/2006 |
3,484,130.00 |
ICICI LIMITED |
C-15, BANDRA-KURLA COMPLEX,BANDRA
(EAST), MUMBAI-51, W.E.F. 1/4/99, MAHARASHTRA - 400051, INDIA |
A03403805 |
|
79 |
10013995 |
29/07/2006 |
7,000,000.00 |
ICICI LIMITED |
C-15, BANDRA-KURLA
COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
A03405909 |
|
80 |
80052524 |
17/08/2005 |
330,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
- |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2014 [Rs.
in Millions] |
As
on 31.03.2013 [Rs.
in Millions] |
|
LONG TERM
BORROWINGS |
|
|
|
Fixed
Deposit from Public |
NA |
204.364 |
|
SHORT TERM
BORROWINGS |
|
|
|
Fixed
Deposit from Public |
NA |
55.495 |
|
Total
|
NA |
259.859 |
COMPANY OVERVIEW:
The
Company, is one of
the fastest growing Infrastructure Company in India. The Company undertakes
infrastructure projects, which includes designing, engineering and execution/construction
of complex and integrated water transmission and distribution projects, water
treatment plants, elevated and underground reservoirs, mass housing projects,
commercial complexes, pre-cast design and construction, road construction and
urban infrastructure.
FIXED ASSETS:
· Office Premises
· Plant and Machinery
· Furniture and Fixture
· Electrical Installation
· Office Equipment
· Vehicles
· Computer Software
· Factory Building
· Land
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 records 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.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.