MIRA INFORM REPORT
|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEKEM INFRA PROJECTS PRIVATE LIMITED |
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Registered
Office : |
#201, 2nd Floor, Sapphire Complex, Amrutha Hills
Punjagutta, Hyderabad - 500082, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.09.2008 |
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Com. Reg. No.: |
01-061037 |
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Capital
Investment / Paid-up Capital : |
Rs.81.727
Millions |
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CIN No.: [Company Identification
No.] |
U70100TG2008PTC061037 |
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PAN No.: [Permanent Account No.] |
AADCB5671Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in the business of executing
infrastructure works such as hydro mechanical, civil and electrical works for
dams, barrages, reservoirs, power houses etc projects and also engaged in
executing structural, assembly and manufacturing works. |
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|
|
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Company is
performing well. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US initial
public offering. Alibaba, which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has
raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits = BBB+ |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
August 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Maheshwar |
|
Designation : |
Finance Department |
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Contact No.: |
91-40-30784801 |
|
Date : |
06.06.2014 |
LOCATIONS
|
Registered Office : |
#201, 2nd Floor, Sapphire Complex, Amrutha Hills
Punjagutta, Hyderabad - 500082, Andhra Pradesh, India |
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Tel. No.: |
91-40-30784801 |
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Fax No.: |
91-40-23043501 |
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E-Mail : |
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Website : |
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Corporate Office : |
5th Floor, Above Andhra Bank, Mega Hills Commercial Complex, Main Road, Miyapur, Hyderabad ‐500049, Andhra Pradesh, India |
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Tel. No.: |
91-40-30784800 (15 lines) |
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Fax No.: |
91-40-23043501 |
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E-Mail : |
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Factory : |
Located At: Hyderabad, Telangana, India |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Krishna Mohan Bollineni |
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Designation : |
Managing director |
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Address : |
Flat No.201, 1st Floor, Sapphire Complex, Amrutha Hills
Punjagutta, Hyderabad - 500082, Andhra Pradesh, India |
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Date of Birth/Age : |
05.08.1970 |
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Qualification : |
B.E., (Mechanical) |
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Date of Appointment : |
15.09.2008 |
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PAN No.: |
ADHPB0862B |
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DIN No.: |
00575054 |
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Other Directorship:
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Name : |
Mr. Bollineni Sarat Babu |
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Designation : |
Director |
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Address : |
Plot No.152/5, Road No.20, Vivekanand Ngar, Colony, Kukatapally,
Hyderabad – 500072, Andhra Pradesh, India |
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Date of Birth/Age : |
15.05.1969 |
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Qualification : |
M. Tech (IIT, Mumbai) |
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Date of Appointment : |
15.09.2008 |
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PAN No.: |
AHOPB9708M |
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DIN No.: |
01793393 |
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Other Directorship:
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Name : |
Mr. Yalamanchili Sri Venkata Krishna Vasudeva Rao |
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Designation : |
Director |
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Address : |
No.304, B Wing, Queens Corner Apartments, Opposite Indian Express, Bangalore
– 560001, Karnataka, India |
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Date of Birth/Age : |
15.11.1946 |
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Qualification : |
B.E. |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
01032490 |
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Other Directorship:
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Name : |
Venkata Mallikarjuna Rao Pidikiti |
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Designation : |
Director |
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Address : |
20.06.1967 |
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Date of Birth/Age : |
6-12-65 12/2, Arundelpet, Guntur – 522002, Andhra Pradesh, India |
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Qualification : |
CA |
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Date of Appointment : |
03.09.2009 |
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DIN No.: |
02889566 |
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Other Directorship:
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Name : |
Mr. Srimannarayana Battini |
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Designation : |
Director |
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Address : |
6-3-713/A/213, Saphire Complex, Amrutha Apartments, Punjagutta, Hyderabad
– 500082, Andhra Pradesh, India |
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Date of Birth/Age : |
01.06.1940 |
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Date of Appointment : |
30.09.2011 |
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PAN No.: |
ADHPB1755F |
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DIN No.: |
02463914 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Maheshwar |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Krishna Mohan Bollineni |
4985105 |
61.00 |
|
Bollineni Sarat Babu |
2452000 |
30.00 |
|
Bollineni Poornachandra Rao |
81658 |
1.00 |
|
Bollineni Sailaja |
40829 |
0.50 |
|
Bollineni Padmavathi |
40829 |
0.50 |
|
Nuthalapati Krishna Kishore |
163316 |
2.00 |
|
Nagandla Kali Prasad |
409000 |
5.00 |
|
Total |
8172737 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of
executing infrastructure works such as hydro mechanical, civil and electrical
works for dams, barrages, reservoirs, power houses etc projects and also
engaged in executing structural, assembly and manufacturing works. |
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Products : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Credit and Depend |
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Purchasing : |
Credit and Depend |
GENERAL INFORMATION
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Suppliers : |
Steel Authority of India |
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Customers : |
SEW Infrastructure Limited |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai -
400001, Maharashtra, India |
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Auditors : |
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|
Name : |
Venkata Alla and Company Chartered Accountants |
|
Address : |
15-21-150/14/1 and 1, A Manasa White House, Balajinagar, Kukatapally, Hyderabad – 500072, India |
|
PAN No.: |
AEMPA0777Q |
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Subsidiary
Company : |
CIN No.: U45200AP2007PTC052470 |
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Joint
Venture : |
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Others
: |
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CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8172737 |
Equity Shares |
Rs.10/- each |
Rs.81.727
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
81.727 |
81.727 |
81.658 |
|
(b) Reserves & Surplus |
433.167 |
302.816 |
180.185 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
7.050 |
7.050 |
0.069 |
|
Total
Shareholders’ Funds (1) + (2) |
521.944 |
391.593 |
261.912 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
64.828 |
86.796 |
12.689 |
|
(b) Deferred tax liabilities (Net) |
22.559 |
18.824 |
14.107 |
|
(c) Other long term
liabilities |
73.771 |
72.800 |
4.432 |
|
(d) long-term
provisions |
3.030 |
1.564 |
0.896 |
|
Total Non-current
Liabilities (3) |
164.188 |
179.984 |
32.124 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
223.188 |
295.243 |
153.150 |
|
(b) Trade
payables |
528.374 |
655.949 |
352.999 |
|
(c) Other
current liabilities |
172.606 |
155.104 |
269.192 |
|
(d) Short-term
provisions |
60.988 |
59.855 |
37.646 |
|
Total Current
Liabilities (4) |
985.156 |
1,166.151 |
812.987 |
|
|
|
|
|
|
TOTAL |
1,671.288 |
1,737.728 |
1,107.023 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
336.518 |
241.867 |
212.193 |
|
(ii)
Intangible Assets |
0.397 |
0.657 |
0.695 |
|
(iii)
Capital work-in-progress |
0.000 |
4.957 |
2.240 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
28.866 |
21.866 |
0.465 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
93.048 |
67.547 |
47.488 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
458.829 |
336.894 |
263.081 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
236.987 |
274.823 |
104.349 |
|
(c) Trade
receivables |
553.895 |
696.738 |
495.055 |
|
(d) Cash
and cash equivalents |
94.183 |
113.793 |
99.828 |
|
(e)
Short-term loans and advances |
327.394 |
315.480 |
144.710 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1,212.459 |
1,400.834 |
843.942 |
|
|
|
|
|
|
TOTAL |
1,671.288 |
1,737.728 |
1,107.023 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2318.054 |
2288.099 |
1491.956 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1,993.419 |
2022.739 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
324.635 |
265.360 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
104.268 |
64.492 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
220.367 |
200.868 |
NA |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
27.148 |
15.320 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
193.219 |
185.548 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
62.868 |
62.917 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
130.351 |
122.631 |
80.735 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
15.95 |
15.02 |
9.89 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
|
|
|
(Due to market
fluctuation) |
|
The above information has been parted by Mr. Maheshwar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.62 |
5.36 |
5.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.76 |
10.85 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.47 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.98 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.20 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
81.658 |
81.727 |
81.727 |
|
Reserves & Surplus |
180.185 |
302.816 |
433.167 |
|
Share Application money
pending allotment |
0.069 |
7.050 |
7.050 |
|
Net
worth |
261.912 |
391.593 |
521.944 |
|
|
|
|
|
|
long-term borrowings |
12.689 |
86.796 |
64.828 |
|
Short term borrowings |
153.150 |
295.243 |
223.188 |
|
Total
borrowings |
165.839 |
382.039 |
288.016 |
|
Debt/Equity
ratio |
0.633 |
0.976 |
0.552 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total
Income |
1,491.956 |
2,288.099 |
2,318.054 |
|
|
|
53.362 |
1.309 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Total
Income |
1,491.956 |
2,288.099 |
2,318.054 |
|
Profit |
80.735 |
122.631 |
130.351 |
|
|
5.41% |
5.36% |
5.62% |
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 |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Other loans and advances, others |
3.800 |
10.809 |
|
Total |
3.800 |
10.809 |
CORPORATE
INFORMATION
The company is a Private Limited Company incorporated in 2008
under the Companies Act, 1956 providing infrastructure Facilities
The Company is primarily engaged in the business of
executing infrastructure works such as hydro mechanical, civil and electrical
works for dams, barrages, reservoirs, power houses etc projects for government
and private sector in India. The Company is also engaged in executing
structural, assembly and manufacturing works.
FINANCIAL HIGHLIGHTS:
Despite of revenue growth of less than 1%, our Operating Profit increased by 17% to Rs.307.395 Millions from Rs.261.873 Millions in the previous year.
Earnings per Share for this year has increased by 6% to Rs.15.95.
BUSINESS OPERATIONS:
The company has
maintained its income from operation same level as in previous year in spite of
global economic slowdown, fraught with challenges and uncertainty political
conditions.
The Company has
been successful in maintaining its supremacy in hydro mechanical segment of
infrastructure projects related to dams, barrages, power houses, etc. During
this financial year, the Company has undertaken substantial amount of civil
works in addition to Hydro Mechanical works on EPC basis. The Company currently
has several projects under implementation and continues to explore firsthand
opportunities both domestic and international. In addition to the hydro
mechanical, civil and electrical works which the Company has been successful
in, the Company has also diversified its business into structural works,
assembly works and manufacturing works.
The company has
bagged an order worth of Rs.2350.000 Millions during the financial year 2012-13
in various Infrastructure development and manufacturing sectors. Some of the
new addition projects information are given below:
- Civil works of Rafti Canal project at Uttar Pradesh.
- Hydro Mechanical works of Samodha Barrage at Chhattisgarh.
- Construction of civil works for Road (NH-34) at West Bengal.
- Hydro Mechanical works of Diktchu HEP at Sikkim.
- Manufacturing and supply of Missile
Carriers for Indian Air Force and Indian Army on back to back basis.
The Company has
established an additional in-house workshop cum manufacturing facility at
Hyderabad for exclusively manufacture and fabrication of Structural Steel
works, Railway Gang Cars, Missile carriers etc. This facility has been
developed keeping in view of undertaking more and more structural steel and
container transport sector of railway in future.
With the addition
of this in-house workshop cum manufacturing facility, Company will be capable
of undertaking structural, assembly, and manufacturing works besides the hydro
mechanical works and electrical works on a full-scale EPC basis.
During the year
Company has made remarkable additions to its fixed assets comprised of plant
and machinery / equipment to further strengthen its asset base, which shall be
used for execution of civil works for Water Resource Projects and Structural
Works for various corporate clients on EPC Basis.
FUTURE:
India is blessed
with immense amount of hydro-electric potential and one among the top 5
exploitable hydro-potential country on global scenario. There is a need for
power in the country. And looking at reliability and fuel issues, there is no
substitute for hydro. India is empowered with hydro-potential of about
2,50,000MW, against which the Installed capacity is around 20%.
The industry
segment has the largest share of demand for steel structures in India, followed
by the infrastructure segment. Within the industrial segment, steel and cement industries
account for a large share of demand of structural steel, while factory
buildings dominates the demand for PEB. Within the infrastructure segment, the
demand for structural steel is mainly driven by power sector, while logistics/
warehousing applications drive demand for PEB in India.
There is good potential for steel structures in India owing to robust
economic growth, increased government spending on infrastructure and change in
mindset with regards to use of structural steel in building and other
infrastructure segments
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10493798 |
18/03/2014 |
2,503,018.00 |
Axis Bank Limited |
Retail Asset
Centre, 5-2-183/184, 3rd Floor, R.P. |
C04380986 |
|
2 |
10472262 |
17/01/2014 |
25,881,622.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B94277241 |
|
3 |
10463563 |
05/11/2013 |
5,673,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B90873753 |
|
4 |
10445792 |
14/08/2013 |
12,960,690.00 |
L & T Finance Limited |
L&T House,
Ballard Estate, Mumbai, Maharashtra |
B83438564 |
|
5 |
10445789 |
14/08/2013 |
43,321,524.00 |
L & T Finance Limited |
L&T House, Ballard
Estate, Mumbai, Maharashtra |
B83437665 |
|
6 |
10422939 |
02/05/2013 |
1,616,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B74126152 |
|
7 |
10426019 |
01/04/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B75233510 |
|
8 |
10416785 |
06/03/2013 |
12,274,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B72294457 |
|
9 |
10412235 |
27/02/2013 |
1,186,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B70921747 |
|
10 |
10385967 |
06/11/2012 |
3,208,792.00 |
L & T Finance Limited |
L&T House,
Ballard Estate, Mumbai, Maharashtra |
B61897757 |
|
11 |
10358477 |
25/05/2012 |
11,346,113.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B40744484 |
|
12 |
10353962 |
30/04/2012 |
13,924,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B39033618 |
|
13 |
10348295 |
21/03/2012 |
1,402,500.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V.
B. Gandhi Marg, Fort, Mumbai, |
B37180155 |
|
14 |
10348301 |
21/03/2012 |
2,805,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V.
B. Gandhi Marg, Fort, Mumbai, |
B37181443 |
|
15 |
10348275 |
02/03/2012 |
13,466,250.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B37175809 |
|
16 |
10348060 |
29/02/2012 |
15,646,458.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B37111515 |
|
17 |
10342594 |
21/02/2012 |
1,664,300.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35176619 |
|
18 |
10342432 |
21/02/2012 |
1,933,750.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35118660 |
|
19 |
10342423 |
21/02/2012 |
1,955,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35114909 |
|
20 |
10342429 |
21/02/2012 |
1,955,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35116425 |
|
21 |
10342599 |
21/02/2012 |
1,955,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35177906 |
|
22 |
10342601 |
21/02/2012 |
1,955,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35178466 |
|
23 |
10342605 |
21/02/2012 |
1,955,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35179993 |
|
24 |
10342909 |
21/02/2012 |
1,955,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35263680 |
|
25 |
10342417 |
21/02/2012 |
2,295,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35111376 |
|
26 |
10342419 |
21/02/2012 |
3,796,625.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B35113299 |
|
27 |
10332317 |
05/12/2011 |
1,466,266.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B30734040 |
|
28 |
10309256 |
27/09/2011 |
3,922,749.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B22153860 |
|
29 |
10306792 |
14/09/2011 |
6,311,199.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B20778809 |
|
30 |
10308518 |
06/09/2011 |
7,492,900.00 |
L & T FINANCE LIMITED |
L&T HOUSE
,BALLARD ESTATE,MUMBAI, Maharashtra |
B21700828 |
|
31 |
10302238 |
20/07/2011 |
4,050,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B18810937 |
|
32 |
10296276 |
30/06/2011 |
8,074,316.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B16542177 |
|
33 |
10294416 |
16/06/2011 |
12,111,474.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B15903156 |
|
34 |
10295656 |
06/06/2011 |
5,259,656.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B16390130 |
|
35 |
10282240 |
04/03/2011 |
4,289,122.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B09896457 |
|
36 |
10254613 |
23/10/2010 |
2,984,273.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B00865428 |
|
37 |
10249446 |
05/10/2010 |
9,231,120.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A98763543 |
|
38 |
10239662 |
21/07/2010 |
2,131,555.00 |
AXIS BANK LIMITED |
2nd Floor, P M Modi Complex, M G Road, Ranigunj Branch, Hyderabad, Andhra Pradesh - 500009, India |
A94348893 |
|
39 |
10151022 |
31/03/2009 |
1,206,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A59732214 |
|
40 |
10149695 |
15/05/2013 * |
650,000,000.00 |
IDBI Bank Limited |
5-9-89/1&2,
Chapel Road, Hyderabad, Andhra Prades |
B77223758 |
|
41 |
10141388 |
21/01/2009 |
440,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A56184641 |
|
42 |
10141372 |
21/01/2009 |
1,142,400.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A56182454 |
|
43 |
10141506 |
31/12/2008 |
1,732,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A56188121 |
|
44 |
10149718 |
18/12/2008 |
2,780,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A56172828 |
|
45 |
10134382 |
29/11/2008 |
22,800,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A53211561 |
|
46 |
10129441 |
24/08/2011 * |
500,000,000.00 |
AXIS BANK LIMITED |
Credit Management Centre, D.No.5-2-183/184, 8751 Old, Iiird Floor, R P Road, Secunderabad, Andhra Pradesh - 500003, India |
B19861707 |
*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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
|
49 |
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.