MIRA INFORM REPORT
|
Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANUPAM INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
138, GIDC Estate, Vithal Udhyog Nagar, district Anand – 388121, Gujarat |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
29.10.1998 |
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|
|
|
Com. Reg. No.: |
04-034888 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.537.943 Millions
|
|
|
|
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CIN No.: [Company Identification
No.] |
u29199gj1998plc034888 |
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|
|
PAN No.: [Permanent Account No.] |
AABCA9602G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of EOT Cranes and Goliath Cranes. |
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|
|
No. of Employees
: |
1300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8200000 |
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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 profit of the company during financial
year 2013 however, networth of the company is satisfactory. 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 and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
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.2,453.2 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 |
CARE |
|
Rating |
Long Term Bank Facilities=BBB+ |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
18.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A3+ |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
18.03.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Dattanad |
|
Designation : |
Company Secretary / Finance
Head |
|
Contact No.: |
91-2692-235210 |
|
Date : |
06.06.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
138, GIDC Estate, Vithal Udhyog Nagar, district Anand – 388121, Gujarat, India |
|
Tel. No.: |
91-2692-236118 |
|
Mobile No.: |
91-9998568151 (Mr. Gokul) |
|
Fax No.: |
91-2692-236324 |
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E-Mail : |
|
|
Website : |
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|
Location : |
Leased |
|
|
|
|
Factory 2 : |
Nadiad – Dakor road,
Village Salun, Gujarat, India |
DIRECTORS
AS ON 14.11.2013
|
Name : |
Mr. Jagdishchandra Chhotalal Patel |
|
Designation : |
Chairman |
|
Address : |
Anupam Nana Bazar, Vallabh Vidyanagar-388001, Gujarat, India |
|
Date of Birth/Age : |
06.01.1940 |
|
Date of Appointment : |
29.10.1998 |
|
DIN No.: |
00509578 |
|
|
|
|
Name : |
Mr. Mehul Jagdishchandra Patel |
|
Designation : |
Managing Director |
|
Address : |
Anupam Nana Bazar, Vallabh Vidyanagar-388001, Gujarat, India |
|
Date of Birth/Age : |
17.07.1969 |
|
Date of Appointment : |
29.10.1998 |
|
DIN No.: |
00509597 |
|
|
|
|
Name : |
Ms. Shreya Mehul Patel |
|
Designation : |
Executive Director |
|
Address : |
Anupam Nana Bazar, Vallabh Vidyanagar-388001, Gujarat, India |
|
Date of Birth/Age : |
13.12.1969 |
|
Date of Appointment : |
29.10.1998 |
|
DIN No.: |
00509616 |
|
|
|
|
Name : |
Mr. Rahul Dinesh Shah |
|
Designation : |
Director |
|
Address : |
Lanuvilla, B-2 and 3, 79-B, Tagore Road, Santacruz (West),
Mumbai-400054, Maharashtra, India |
|
Date of Birth/Age : |
26.03.1963 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
00030807 |
KEY EXECUTIVES
|
Name : |
Mr. Dattanad Dinesh Heranjal |
|
Designation : |
Secretary |
|
Address : |
9, Akashdeep Banglows, Anand Borsad Road, Anand – 388001, Gujarat,
India |
|
Date of Birth/Age : |
24.12.1959 |
|
Date of Appointment : |
23.09.2010 |
|
PAN No.: |
AAKPH6701M |
MAJOR SHAREHOLDERS
AS ON 14.11.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Jagdishchandra Chhotalal Patel |
187997 |
|
Mehul Jagdishchandra Patel |
3198367 |
|
Shreya Mehul Patel |
414844 |
|
Kuntal Jagdishchandra Patel |
2938 |
|
Pritesh Pramodbhai Patel |
40 |
|
Meena Pritesh Patel |
40 |
|
Aditya Birla Private Equity Trust A/C
Aditya Birla Private Equity Fund, India |
100 |
|
|
|
|
TOTAL
|
3804326 |
|
Names of Preference Shareholders |
No. of Shares |
|
Aditya Birla Private Equity Trust A/C
Aditya Birla Private Equity Fund, India |
499900 |
|
|
|
|
TOTAL
|
499900 |
Equity Share Break up (Percentage of Total Equity)
AS ON 14.11.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of EOT Cranes and Goliath Cranes. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Brazil ·
Middle East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Italy |
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Terms : |
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Selling : |
Credit, Others and Depend |
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Purchasing : |
Credit, Others and Depend |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Installed
Capacity* |
Actual
Production |
|
EOT Cranes |
350 Nos. [In Tonnes
33000] |
251 |
|
Tower Cranes |
60 Nos. |
21 |
NOTE: * As certified by the Management, being technical matter.
GENERAL INFORMATION
|
Suppliers : |
S R Steel |
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Customers : |
Others ·
Steel Authority of India ·
Bhagat Heavy Electricals |
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No. of Employees : |
1300 (Approximately) |
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Bankers : |
· The Anand Mercantile Co-Op Bank Limited, Mercantile, Maharshi Dayanand Marg, Anand-388001, Gujarat, India · Axis Bank, Trishul, 3rd Floor, Opposite Samtheshwar Mahadev, Law Garden, Eliss Bridge, Ahmedabad-380009, Gujarat, India · ICICI Bank, V V Nagar, Anand, Gujarat, India · State Bank of India, Baroda Branch, Gujarat, India · HDFC bank, Ahmedabad Branch, Gujarat, India · Standard chartered Bank, Baroda Branch, Gujarat, India · Barclays Bank PLc |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins And Sells Chartered Accountant |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapith, Off |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Wholly owned subsidiary : |
Anupam Cranes and Equipment Private Limited |
|
|
|
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Joint Venture Company : |
Anupam-MHI Industries Limited |
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Partnership Firm : |
Anupam-MHI Combine |
CAPITAL STRUCTURE
AS ON 14.11.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
500000 |
Preference Shares |
Rs.1000/- each |
Rs.500.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.540.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3804326 |
Equity Shares |
Rs.10/- each |
Rs.38.043 Millions |
|
499900 |
Preference Shares |
Rs.1000/- each |
Rs.499.900 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.537.943
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 |
537.943 |
537.943 |
537.943 |
|
(b) Reserves & Surplus |
1,516.185 |
1,417.774 |
1,272.910 |
|
(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) |
2,054.128 |
1,955.717 |
1,810.853 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
299.877 |
354.476 |
153.160 |
|
(b) Deferred tax liabilities (Net) |
80.223 |
59.837 |
38.987 |
|
(c) Other long term
liabilities |
0.000 |
48.123 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
380.100 |
462.436 |
192.147 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1,186.166 |
1,025.429 |
918.834 |
|
(b) Trade
payables |
1,026.107 |
1,047.742 |
772.055 |
|
(c) Other
current liabilities |
737.162 |
464.894 |
360.139 |
|
(d) Short-term provisions |
4.586 |
4.420 |
3.306 |
|
Total Current
Liabilities (4) |
2,954.021 |
2,542.485 |
2,054.334 |
|
|
|
|
|
|
TOTAL |
5,388.249 |
4,960.638 |
4,057.334 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1,399.122 |
1,245.663 |
565.031 |
|
(ii)
Intangible Assets |
45.185 |
72.366 |
65.438 |
|
(iii)
Capital work-in-progress |
89.946 |
4.958 |
222.872 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
402.400 |
402.400 |
19.900 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
88.520 |
74.631 |
33.318 |
|
(e) Other
Non-current assets |
269.039 |
193.337 |
272.638 |
|
Total Non-Current
Assets |
2,294.212 |
1,993.355 |
1,179.197 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
979.672 |
1,152.360 |
907.759 |
|
(c) Trade
receivables |
1,443.310 |
1,349.374 |
1,222.596 |
|
(d) Cash
and cash equivalents |
107.281 |
83.489 |
45.728 |
|
(e)
Short-term loans and advances |
57.257 |
96.343 |
145.816 |
|
(f) Other
current assets |
506.517 |
285.717 |
556.238 |
|
Total
Current Assets |
3,094.037 |
2,967.283 |
2,878.137 |
|
|
|
|
|
|
TOTAL |
5,388.249 |
4,960.638 |
4,057.334 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2855.502 |
2789.352 |
3059.954 |
|
|
|
Other Income |
8.409 |
8.565 |
8.095 |
|
|
|
TOTAL (A) |
2863.911 |
2797.917 |
3068.049 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1443.917 |
1892.391 |
1914.556 |
|
|
|
Employee benefit expense |
222.071 |
236.611 |
189.133 |
|
|
|
Other Expenses |
527.899 |
536.806 |
440.517 |
|
|
|
Exceptional items before tax |
0.000 |
(179.225) |
0.000 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
140.317 |
(193.066) |
(114.952) |
|
|
|
TOTAL (B) |
2334.204 |
2293.517 |
2429.254 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
529.707 |
504.400 |
638.795 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
305.822 |
224.411 |
131.266 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
223.885 |
279.989 |
507.529 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
79.506 |
65.935 |
47.412 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
144.379 |
214.054 |
460.117 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
45.910 |
69.132 |
156.733 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
98.469 |
144.922 |
303.384 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
270.374 |
96.634 |
28.049 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
83.347 |
124.823 |
111.424 |
|
|
|
Capital Goods |
0.000 |
0.000 |
4.446 |
|
|
TOTAL IMPORTS |
83.347 |
124.823 |
115.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.87 |
38.08 |
79.75 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.44 |
5.18 |
9.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.06 |
7.67 |
15.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.95 |
4.70 |
12.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.11 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72 |
0.71 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.17 |
1.40 |
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 |
537.943 |
537.943 |
537.943 |
|
Reserves & Surplus |
1272.910 |
1417.774 |
1516.185 |
|
Net
worth |
1810.853 |
1955.717 |
2054.128 |
|
|
|
|
|
|
long-term borrowings |
153.160 |
354.476 |
299.877 |
|
Short term borrowings |
918.834 |
1025.429 |
1186.166 |
|
Total
borrowings |
1071.994 |
1379.905 |
1486.043 |
|
Debt/Equity
ratio |
0.592 |
0.706 |
0.723 |
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 |
|
Sales |
3,059.954 |
2,789.352 |
2,855.502 |
|
|
|
(8.843) |
2.372 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
3,059.954 |
2,789.352 |
2,855.502 |
|
Profit |
303.384 |
144.922 |
98.469 |
|
|
9.91% |
5.20% |
3.45% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
(Rs.
In Millions)
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
114.495 |
42.119 |
95.249 |
|
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
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 |
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION
DETAILS:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OPERATIONAL AND FINANCIAL REVIEW:
During
the year, net sales and erection and other charges amounted to Rs. 2841.200
Millions as against Rs. 2762.500 Millions in the previous year which reflected
a nominal increase of approximately 3 % in sales as compared to the previous
year. The performance of the company may be considered satisfactory taking into
account the general recessionary conditions prevailing in the Indian economy
and more particularly, the Power, Infrastructure and Steel Sectors.
The
Earnings before Depreciation, Interest and Tax (EBIDTA) for the current
financial year is Rs. 529.700 Millions as against Rs. 325.200 Millions in the
corresponding previous year. The significant increase in earnings before
depreciation, interest and tax was attributable to better margins and stricter
control on administration, general and employee cost. The Profit before Tax,
excluding exceptional income was correspondingly higher at Rs. 144.400 Millions
as against Rs. 34.800 Millions in the previous year. Profit after Tax for the
year under review is Rs. 97.400 Millions as against Rs. 138.200 Millions for
the previous year.
The Company's
order book position continuous to be robust and the company expects to break
the four year stagnation mode and register a reasonable growth of 12.5 % to 15
% in its turnover in current financial year. The margins are also expected to
remain stable and provide a base for sustainable growth in future.
FUTURE OUTLOOK:
Slowdown
in industrial production, high interest rates coupled with severe liquidity
crunch has adversely affected the investment climate in the country. This has
severely curtailed fresh investments and capital commitments in infrastructure
sector, continue to stand deferred.
The
power sector, steel sector and manufacturing sector, which form major customer
base for the company's products, continue to be in doldrums. The power sector
has been languishing due to fuel supply constraints whereas the steel and
manufacturing sectors have hit several road blocks with many projects being
either shelved or delayed.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
Advances from Related Parties |
31.586 |
31.586 |
|
|
|
|
|
Total |
31.586 |
31.586 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10334583 |
07/02/2012 |
316,000.00 |
THE
ANAND MERCANTILE CO-OP BANK LIMITED |
'MERCANTILE',
MAHARSHI DAYANAND MARG, POST BOX NO. 38, ANAND, GUJARAT - 388001, INDIA |
B31685282 |
|
2 |
10334588 |
07/02/2012 |
316,000.00 |
THE
ANAND MERCANTILE CO-OP BANK LIMITED |
'MERCANTILE',
MAHARSHI DAYANAND MARG, POST BOX NO. 38, ANAND, GUJARAT - 388001, INDIA |
B31686843 |
|
3 |
10331614 |
17/08/2012
* |
300,000,000.00 |
L
& T FINANCE LIMITED |
L&T
HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA |
B56965577 |
|
4 |
10292412 |
17/06/2011 |
855,000.00 |
THE
ANAND MERCANTILE CO-OP BANK LIMITED |
MERCANTILE,
MAHARSHI DAYANAND MARG, ANAND, ANAND, GUJARAT - 388001, INDIA |
B15071202 |
|
5 |
10287741 |
24/05/2011 |
483,000.00 |
THE
ANAND MERCANTILE CO-OP BANK LIMITED |
MERCANTILE,
MAHARSHI DAYANAND MARG, ANAND, ANAND, |
B13203518 |
|
6 |
10278181 |
13/05/2013
* |
4,187,200,000.00 |
STATE
BANK OF INDIA |
MID CORPORATE
GROUP INDUSTRIAL FINANCE BRANCH, MA |
B75655795 |
|
7 |
10254067 |
03/12/2010 |
300,000,000.00 |
BANK
OF BARODA |
NANA
BAZAR, VALLABH VIDYANAGAR BRANCH, VALLABH VI |
B00627869 |
|
8 |
10248350 |
24/09/2012
* |
1,100,000,000.00 |
AXIS
BANK LIMITED |
TRISHUL,
3RD FLOOR, OPP SAMTHESHWAR MAHADEV, LAW |
B60272374 |
|
9 |
10178780 |
22/03/2013
* |
897,200,000.00 |
STATE
BANK OF INDIA |
MID
CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURCE CIRCLE,
VADODARA, GUJARAT - |
B72020381 |
|
10 |
10175037 |
04/09/2009 |
760,000.00 |
THE ANAND
MERCANTILE CO-OPERATIVE BANK LIMITED |
MERCANTILE,
MAHARSHI DAYANAND MARG, ANAND, ANAND, |
A69582484 |
|
11 |
10159552 |
27/05/2009 |
403,231,000.00 |
STANDARD
CHARTERED BANK |
ABIJEET
II, GROUND FLOOR,, NEAR MITHKHALI, SIX RO |
A63058358 |
|
12 |
10119249 |
05/09/2008 |
393,000.00 |
THE
ANAND MERCANTILE CO-OP BANK LIMITED |
MAHARSHI
DAYANAND MARG, ANAND, ANAND, GUJARAT - 3 |
A44500510 |
|
13 |
10117263 |
29/04/2013
* |
900,000,000.00 |
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD
TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
B74408253 |
|
14 |
10112840 |
22/11/2010
* |
400,000,000.00 |
STANDARD
CHARTERED BANK |
ABHIJEET
II, GROUND FLOOR, NEAR MITHAKHALI SIX ROAD, AHMEDABAD, GUJARAT - 380006,
INDIA |
B01098573 |
|
15 |
10070990 |
28/10/2010
* |
390,000,000.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A97373401 |
|
16 |
80007158 |
12/04/2013
* |
4,081,200,000.00 |
AXIS
BANK LIMITED |
TRISHUL,
3RD FLOOR, OPP. SAMARTHESWAR TEMPLE, LAW GARDEN ELLIS BRIDGE, AHMEDABAD, GUJARAT
- 380006, INDIA |
B76321215 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electrical Installation
· Furniture and Fixtures
· Office Equipments
· Vehicles
· Computers
·
air
Conditioners
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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.