MIRA
INFORM REPORT
|
Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
IL AND FS EDUCATION AND TECHNOLOGY SERVICES LIMITED |
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Registered
Office : |
3rd Floor, Quadrant ‘D’, The IL and FS Financial Centre,
Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.12.1997 |
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Com. Reg. No.: |
11-112535 |
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Capital
Investment / Paid-up Capital : |
Rs.375.341 Millions |
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CIN No.: [Company Identification
No.] |
U80220MH1997PLC112535 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUM105436E |
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PAN No.: [Permanent Account No.] |
AABCI2106H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Provide Integrated Learning Program for School and Large Scale Training and Development Program for
School, Government and Corporate, undertake various E – Governance Mandates
under Agriculture, Health, IT, Infrastructure, Rural Development and Social
Welfare Sector. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There appears dip in profit of the company in 2013. However, overall
financial position of the company appears to be decent. Trade relation reported to be fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered 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
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 tat 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE
Contact No.: 91-22-67809292
LOCATIONS
|
Registered/ Head Office : |
3rd Floor, Quadrant ‘D’, The IL and FS Financial Centre,
Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-22-67809292/ 66947575/ 6593333 |
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Fax No.: |
91-22-66947700/ 66947700 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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3rd Floor, |
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Tel. No.: |
91-120-2512823 / 2512267 |
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Regional Offices: |
Located at: · Jharkhand · Karnataka · Kerala · Madhya Pradesh ·
· Orissa ·
· Rajasthan · Tamilnadu · Uttar Pradesh · Noida ·
· Andhra Pradesh ·
·
·
· Jammu and Kashmir ·
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DIRECTORS
(AS ON 29.07.2013)
|
Name : |
Mr. Hari Sankaran |
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Designation : |
Director |
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Address : |
29 B, |
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Date of Birth/Age : |
19.02.1961 |
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Date of Appointment : |
21.01.2010 |
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DIN No.: |
00002386 |
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Name : |
Mr. Ravi Ramaswamy Parthasarathy |
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Designation : |
Director |
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Address : |
1201/1202, Vinayak Angan, 12th Floor, Near Bengal Chemicals,
Opposite V.I.P Lounge, Old Prabhadevi Road, Mumbai – 400018, Maharashtra,
India/ |
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Date of Birth/Age : |
04.10.1952 |
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Date of Appointment : |
12.01.1998 |
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DIN No.: |
00002392 |
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Name : |
Mr. Ramireddy Chandra Mowleeswar Reddy |
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Designation : |
Managing Director |
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Address : |
186, 1st Floor, Munrika Enclave, Opposite Vasant Vihar
Police Station, |
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Date of Birth/Age : |
20.10.1963 |
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Date of Appointment : |
21.01.2010 |
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DIN No.: |
00060073 |
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PAN No.: |
ACBPR7298E |
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Name : |
Mr. Sudhir Gunvantray Mankad |
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Designation : |
Director |
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Address : |
Plot No. 192, Sector 8-C, Gandhinagar – 382007, |
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Date of Birth/Age : |
05.08.1947 |
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Date of Appointment : |
20.12.2007 |
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DIN No.: |
00086077 |
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Name : |
Mr. Alok Bhupendranath Bhargava |
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Designation : |
Director |
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Address : |
B-1201, Gulmohar Aprtments, Ceaser Road, Amboli, Andheri (West),
Mumbai – 400048, Maharashtra, India |
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Date of Birth/Age : |
23.11.1961 |
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Date of Appointment : |
02.08.2001 |
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DIN No.: |
00162746 |
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Name : |
Mr. Arvind Inder Malhotra |
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Designation : |
Director |
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Address : |
Plot No. 655, Shreenathji, Flat No. 703, 7th Floor, 16th
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Date of Birth/Age : |
25.01.1947 |
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Date of Appointment : |
19.01.1998 |
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DIN No.: |
01312057 |
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Name : |
Mr. Abhishek Sharman |
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Designation : |
Nominee Director |
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Address : |
Flat C 204, Wasoodew Co- operative Housing Society Limited, Surya Apartments,
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Date of Birth/Age : |
03.08.1980 |
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Date of Appointment : |
21.01.2010 |
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DIN No.: |
01329800 |
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Name : |
Mr. Kumar Krishnan Iyer |
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Designation : |
Nominee Director |
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Address : |
Flat No. 2002, 20th Floor, Odyssey II, |
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Date of Birth/Age : |
28.05.1962 |
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Date of Appointment : |
21.01.2010 |
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DIN No.: |
01865617 |
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Name : |
Mr. Pranay Shailesh Adhvaryu |
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Designation : |
Nominee Director |
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Address : |
23, Chola Building, Model Town, Near Four Bungalows, Andheri (West),
Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
06.01.1983 |
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Date of Appointment : |
13.09.2013 |
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DIN No.: |
03384491 |
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Email : |
KEY EXECUTIVES
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Name : |
Mr. Arvind Trivedi |
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Designation : |
Accounts Manager |
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Name : |
Daisy Khanna |
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Designation : |
Company Secretary |
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Address : |
100, SFS Flats, Rajouri Apartments, Rajouri Garden, New Delhi, India |
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Date of Birth/Age : |
11.08.1978 |
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Date of Appointment : |
29.07.2013 |
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PAN No.: |
AKZPK7280R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.07.2013)
SHAREHOLDING DETAIL FILE ATTACHED.
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
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Percentage |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
26.12 |
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Bodies corporate |
|
73.70 |
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Other top fifty shareholders |
|
0.18 |
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Total
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|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provide Integrated Learning Program for School and Large Scale Training and Development Program for
School, Government and Corporate, undertake various E – Governance Mandates under
Agriculture, Health, IT, Infrastructure, Rural Development and Social Welfare
Sector. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information declined by management |
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Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India , Dr. Annie
Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution: |
· Infrastructure Leasing and Financial Services Limited IL and FS Financial Centre Plot No. C 22, G Block Bandra Kurla
Complex, Bandra East, Mumbai – 400051, |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
7th Floor, Building 10, Tower B, DLF Cyber, City Complex, DLF City, Phase II , Gurgaon-122002, Haryana, India |
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PAN No.: |
AABFD2095B |
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Holding Company
: |
· Infrastructure Leasing and Financial Services Limited |
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Subsidiary
Company : |
· IL and FS Cluster Development Initiative Limited · IL and FS Skills Development Corporation Limited |
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Fellow Subsidiary Company: |
· Apptex Manpower Development Services Limited · Apptex Marketing Services and Solutions Limited · IL and FS Financial Services Limited · IL and FS Property Management and Services Limited · IL and FS Trust Company Limited · IL and FS Securities Services Limited · IL and FS Transportation Networks Limited · IL and FS Investment Managers Limited · IL and FS Environmental Infrastructure and Services Limited · IL and FS Investment Trust – IV · IL and FS Energy Development Company Limited · IL and FS Maritime Infrastructure Company Limited ·
IL and FS Tamil Nadu Power Company Limited
(Previous year it was an fellow subsidiary.) · Moradabad Bareilly Expressway Limited · Chenani Nashri Tunnelway Limited · IL and FS Urban Infrastructure Managers Limited · Integrated Waste Management and Urban Services Company (Tamilnadu) Limited · IL and FS Township and Urban Assets Limited · IL and FS Wind Power Limited |
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Other Related
Parties : |
· Orix Auto Infrastructure Services Limited · Bihar e-Governance Services and Technologies Limited · Jharkhand e-Governance Solutions and Services Limited · IL and FS Technologies Limited · PDCOR Limited · Wilbur Smith Associates Private Limited · Karnataka Enterprise Solutions Limited · Odisha e-Governance Services Limited |
CAPITAL STRUCTURE
(AS ON 29.07.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37534146 |
Equity Shares |
Rs.10/- each |
Rs.375.341
Millions |
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|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
375.341 |
375.341 |
357.468 |
|
(b) Reserves & Surplus |
1589.771 |
1428.887 |
1349.812 |
|
(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) |
1965.112 |
1804.228 |
1707.280 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.890 |
7.905 |
9.545 |
|
Total Non-current
Liabilities (3) |
5.890 |
7.905 |
9.545 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
2107.452 |
790.660 |
374.710 |
|
(b) Trade payables |
691.032 |
1112.784 |
468.304 |
|
(c) Other current liabilities |
165.021 |
127.133 |
77.508 |
|
(d) Short-term provisions |
4.365 |
179.768 |
117.951 |
|
Total Current Liabilities
(4) |
2967.870 |
2210.345 |
1038.473 |
|
|
|
|
|
|
TOTAL |
4938.872 |
4022.478 |
2755.298 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.193 |
219.916 |
167.464 |
|
(ii) Intangible Assets |
119.026 |
99.318 |
100.436 |
|
(iii) Capital work-in-progress |
18.223 |
1.794 |
0.000 |
|
(iv) Intangible assets under development |
5.983 |
6.983 |
12.134 |
|
(b) Non-current Investments |
695.938 |
658.135 |
600.499 |
|
(c) Deferred tax assets (net) |
70.900 |
42.900 |
14.400 |
|
(d) Long-term Loan and Advances |
164.150 |
99.236 |
130.429 |
|
(e) Other Non-current assets |
1129.379 |
1100.846 |
233.267 |
|
Total Non-Current
Assets |
2257.792 |
2229.128 |
1258.629 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
100.484 |
43.735 |
54.371 |
|
(c) Trade receivables |
1523.287 |
993.632 |
1058.323 |
|
(d) Cash and cash equivalents |
15.652 |
89.828 |
31.541 |
|
(e) Short-term loans and advances |
306.088 |
219.078 |
250.077 |
|
(f) Other current assets |
735.569 |
447.077 |
102.357 |
|
Total Current Assets |
2681.080 |
1793.350 |
1496.669 |
|
|
|
|
|
|
TOTAL |
4938.872 |
4022.478 |
2755.298 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2457.808 |
3442.774 |
1741.231 |
|
|
|
Other Income |
161.408 |
2.177 |
58.452 |
|
|
|
TOTAL (A) |
2619.216 |
3444.951 |
1799.683 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
753.048 |
1485.681 |
534.019 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
0.000 |
2.579 |
(1.668) |
|
|
|
Employee benefit expense |
195.861 |
264.312 |
250.193 |
|
|
|
Other expenses |
1145.726 |
1134.165 |
683.425 |
|
|
|
TOTAL (B) |
2094.635 |
2886.737 |
1465.969 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
524.581 |
558.214 |
333.714 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
254.933 |
91.160 |
12.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
269.648 |
467.054 |
320.716 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
101.545 |
97.910 |
62.743 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
168.103 |
369.144 |
257.973 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.528 |
116.122 |
70.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
141.575 |
253.022 |
187.873 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
260.456 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Tax on Dividend |
NA |
NA |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.77 |
6.98 |
5.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.41
|
7.34 |
10.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.84
|
10.72 |
14.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.05
|
11.14 |
12.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.20 |
15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.07
|
0.44 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
0.81 |
1.44 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
357.468 |
375.341 |
375.341 |
|
Reserves & Surplus |
1349.812 |
1428.887 |
1589.771 |
|
Net worth |
1707.280 |
1804.228 |
1965.112 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
374.710 |
790.660 |
2107.452 |
|
Total borrowings |
374.710 |
790.660 |
2107.452 |
|
Debt/Equity ratio |
0.219 |
0.438 |
1.072 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
1,741.231 |
3,442.774 |
2,457.808 |
|
|
|
97.721 |
(28.610) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
1,741.231 |
3,442.774 |
2,457.808 |
|
Profit |
187.873 |
253.022 |
141.575 |
|
|
10.79% |
7.35% |
5.76% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
----- |
|
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 |
No |
UNSECURED LOANS
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
|
Short-Term
Borrowings |
|
|
|
Inter-corporate borrowings |
145.302 |
200.000 |
|
|
|
|
|
Total |
145.302 |
200.000 |
YEAR IN RETROSPECT
The gross income for the financial year was Rs.2619.220 Millions as against the gross Income Rs.3444.950 Millions for the previous financial year registering an decrease of 23.97%. The Profit before tax excluding extraordinary and exceptional items was Rs.168.100 Millions and the Profit after tax excluding extraordinary and exceptional items was Rs.141.580 Millions for the financial year as against Rs.369.140 Millions and Rs.253.020 Millions respectively for the previous financial year, registering an increase of 54.46 % and 44.05 % respectively.
CONTINGENT LIABILITIES
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In
Millions) |
|
|
Claims against company not acknowledged as debt |
5.758 |
6.001 |
|
Guarantees |
545.058 |
448.772 |
|
|
|
|
|
Total contingent
liabilities |
550.816 |
454.773 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10402143 |
23/01/2013 |
100,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMITED |
THE IL &FS FINANACIAL
CENTREPLOT NO C-22 G BLOCK, |
B67761478 |
|
2 |
10391173 |
28/11/2012 |
400,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMITED |
THE IL &FS FINANACIAL
CENTREPLOT NO C-22 G BLOCK, |
B63818793 |
|
3 |
10340755 |
17/02/2012 |
500,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
H-15, CONNAUGHT
CIRCUS, DELHI, DELHI, DELHI - 110001, INDIA |
B34396481 |
|
4 |
10181083 |
24/09/2013 * |
2,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B87510541 |
* Date of charge modification
FIXED ASSETS:
Tangible assets
· Buildings
· Office Building
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
Intangible assets
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No xist 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.60.15 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.