MIRA INFORM REPORT
|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TOPWORTH STEELS
AND POWER PRIVATE LIMITED (w.e.f. 07.04.2008) |
|
|
|
|
Formerly Known
As : |
TOPWORTH STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Raheja Centre, Office No. - 206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.05.2004 |
|
|
|
|
Com. Reg. No.: |
11-146381 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.807.469
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51420MH2004PTC146381 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT11594C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT0878L |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Sponge Iron, Steel and Power Generation |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 19844000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of “CREST STEEL AND POWER PRIVATE LIMITED”. It
is an established company having moderate track record. As per the registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2013 but the documents related to
financial are not available from government department. As per available financial record of 2012, the rating is constrained
on account of company’s moderate financial risk profile and drastic dip in
profitability of the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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: “BB+” |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
29 April, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A4+” |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
29 April, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Mahindran |
|
Designation : |
Account Head |
|
Contact No.: |
91-22-22841414 |
|
Date : |
27.05.2014 |
LOCATIONS
|
Registered Office : |
Raheja Centre, Office No. - 206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22841414 |
|
Fax No.: |
91-22-22840211 / 22880141 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
308, 3rd Floor, Ceejay House, Dr. Annie Besant Road, Worli, Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-24812000 |
|
Fax No.: |
91-22-24812122 |
|
|
|
|
Works / Marketing Department : |
Borai Industrial Growth Centre, Village Rasmada, District Durg -
491001, Chattisgarh, India |
|
Tel. No.: |
91-788-2617357/2617362/2617363/2617364/2617210 |
|
Fax No.: |
91-788-2617358 |
|
E-Mail : |
|
|
|
|
|
Domestic Office : |
Located At
|
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Abhay Narendra Lodha |
|
Designation : |
Chairman |
|
Address : |
Vaitarna Building, Flat No. 502, Sir Pochkhanwala Road, Worli, Mumbai – 400030, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1971 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AAKPL7249L |
|
DIN No.: |
00052194 |
|
|
|
|
Name : |
Mr. Ashwin Narendra Lodha |
|
Designation : |
Additional Director |
|
Address : |
502, Vaitarna Worli Sagar Co-operative Housing Society Limited, Sir Pochkhanwala Road, Worli Seaface, Worli, Mumbai – 400030, Maharashtra, India |
|
Date of Appointment : |
10.05.2010 |
|
DIN No.: |
00066948 |
|
|
|
|
Name : |
Mr. Nitin Golchha |
|
Designation : |
Director |
|
Address : |
SM 59, Ward – 43, Padmanbhpur, Durg – 491001, Chhattisgarh, India |
|
Date of Birth/Age : |
13.09.1978 |
|
Date of Appointment : |
02.01.2006 |
|
PAN No.: |
AGFPG5147D |
|
DIN No.: |
01669634 |
|
|
|
|
Name : |
Mr. Surendra Champalal Lodha |
|
Designation : |
Director |
|
Address : |
126-128, Shriram Tower, Kingsway, Sadar, Nagpur – 440001, Maharashtra, India |
|
Date of Appointment : |
10.05.2010 |
|
DIN No.: |
00044782 |
KEY EXECUTIVES
|
Name : |
Mr. Mahindran |
|
Designation : |
Account Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Abhay Narendra Lodha |
1 |
|
Crest Steel and Power Private Limited, India |
90458462 |
|
|
|
|
Total |
90458463 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge Iron, Steel and Power Generation |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Sponge Iron |
MT |
165,000 |
143250.430 |
|
MS Billets |
MT |
144,000 |
131165.700 |
|
MS Structure |
MT |
144,000 |
82995.532 |
|
Power |
Units |
144000000 |
159522655 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
|
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||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain and Chhoriya Chartered Accountants |
|
Address : |
59, Gaya Building, 4th Floor, Yusuf Mehar Ali Road, Masjid Bunder, Mumbai - 400003, Maharashtra, India |
|
Tel. No.: |
91-9320278797 |
|
E-Mail : |
|
|
PAN No.: |
AADFJ9495M |
|
|
|
|
Holding Company : |
Crest Steel and Power Private Limited |
|
|
|
|
Associate : |
¨ Akshata Mercantile Private Limited ¨ Topworth Urja and Metals Limited ¨ Satyarth Steel and Power Private Limited ¨ Topworth Pipes and Tubes Private Limited ¨ Champalal Motilal Steel Company Private Limited |
|
|
|
|
Subsidiaries : |
¨ Topworth Energy Private Limited ¨ Topworth Energy Mozambique Limitada ¨ Topworth Metals (South Africa) Proprietary Limited Johansberg ¨ Topworth
Steels and Power Singapore PTE Limited, Singapore ¨ Topworth
International Steels DMCC, Dubai |
|
|
|
|
Sister Concern : |
¨ Topworth Energy Private Limited Jain and Chhoriya |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90458463 |
Equity Shares |
Rs.10/- each |
Rs.904.585 Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80746923 |
Equity Shares |
Rs.10/- each |
Rs.807.469
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
807.469 |
469.088 |
|
(b) Reserves & Surplus |
|
4064.637 |
1929.863 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
89.000 |
999.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4961.106 |
3397.951 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2763.879 |
2870.453 |
|
(b) Deferred tax liabilities (Net) |
|
431.825 |
327.512 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
3195.704 |
3197.965 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2043.818 |
1908.347 |
|
(b) Trade payables |
|
4642.897 |
5105.831 |
|
(c) Other current liabilities |
|
203.248 |
173.520 |
|
(d) Short-term provisions |
|
290.141 |
202.205 |
|
Total Current
Liabilities (4) |
|
7180.104 |
7389.903 |
|
|
|
|
|
|
TOTAL |
|
15336.914 |
13985.819 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4158.690 |
2940.115 |
|
(ii) Intangible Assets |
|
3.226 |
0.000 |
|
(iii) Capital work-in-progress |
|
104.057 |
382.385 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1587.826 |
1434.958 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
17.035 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
5870.834 |
4757.458 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
636.405 |
447.911 |
|
(b) Inventories |
|
3169.623 |
4123.631 |
|
(c) Trade receivables |
|
3809.167 |
3216.005 |
|
(d) Cash and cash equivalents |
|
27.782 |
24.271 |
|
(e) Short-term loans and advances |
|
1423.166 |
1144.565 |
|
(f) Other current assets |
|
399.937 |
271.978 |
|
Total Current Assets |
|
9466.080 |
9228.361 |
|
|
|
|
|
|
TOTAL |
|
15336.914 |
13985.819 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
428.350 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1211.632 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1639.982 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1647.026 |
|
|
2] Unsecured Loans |
|
|
1669.705 |
|
|
TOTAL BORROWING |
|
|
3316.731 |
|
|
DEFERRED TAX LIABILITIES |
|
|
281.673 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5238.386 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2930.107 |
|
|
Capital work-in-progress |
|
|
159.087 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
184.101 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2114.250 |
|
|
Sundry Debtors |
|
|
2720.128 |
|
|
Cash & Bank Balances |
|
|
15.721 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1521.117 |
|
Total
Current Assets |
|
|
6371.216 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4181.551 |
|
|
Other Current Liabilities |
|
|
91.447 |
|
|
Provisions |
|
|
134.753 |
|
Total
Current Liabilities |
|
|
4407.751 |
|
|
Net Current Assets |
|
|
1963.465 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
1.626 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5238.386 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Income from Operations |
6621.204 |
5035.148 |
9626.093 (Including
Excise Duty) |
|
|
|
Income from Trading Sales |
11431.178 |
7837.200 |
0.000 |
|
|
|
Other Income |
83.442 |
63.985 |
35.309 |
|
|
|
TOTAL (A) |
18135.824 |
12936.333 |
9661.402 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
2047.110 |
|
|
|
Stores & Spares Consumed |
|
|
72.406 |
|
|
|
Purchase of Finished Goods - Trading |
|
|
5742.884 |
|
|
|
Manufacturing Expenses |
16907.766 |
11652.052 |
528.716 |
|
|
|
Excise Duty & Taxes |
|
|
322.884 |
|
|
|
Employees Cost & Benefits |
|
|
95.536 |
|
|
|
Selling & Administrative Expenses |
|
|
70.958 |
|
|
|
Preliminary Expenses Written off |
|
|
0.292 |
|
|
|
Increase / (Decrease) in Stock |
|
|
(58.321) |
|
|
|
TOTAL (B) |
16907.766 |
11652.052 |
8822.465 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1228.058 |
1284.281 |
838.937 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
580.145 |
650.476 |
378.768 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
647.913 |
633.805 |
460.169 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
175.378 |
161.025 |
138.688 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
472.535 |
472.780 |
321.481 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
198.855 |
(21.390) |
187.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
273.680 |
494.170 |
133.636 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.39 |
9.32 |
3.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.51
|
3.82 |
1.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.62
|
3.67 |
3.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.46
|
3.89 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.14 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.97
|
1.41 |
2.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.25 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
469.088 |
807.469 |
|
Reserves & Surplus |
1929.863 |
4064.637 |
|
Share Application money
pending allotment |
999.000 |
89.000 |
|
Net
worth |
3397.951 |
4961.106 |
|
|
|
|
|
long-term borrowings |
2870.453 |
2763.879 |
|
Short term borrowings |
1908.347 |
2043.818 |
|
Total
borrowings |
4778.800 |
4807.697 |
|
Debt/Equity
ratio |
1.406 |
0.969 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
9626.093 |
5035.148 |
6621.204 |
|
|
|
(47.693) |
31.500 |
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 |
9626.093 |
5035.148 |
6621.204 |
|
Profit |
133.636 |
494.170 |
273.680 |
|
|
1.39% |
9.81% |
4.13% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is 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 |
Yes |
|
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
1258.896 |
1774.608 |
|
Other loans and advances |
316.572 |
833.760 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
1503.518 |
1039.183 |
|
Rupee term loans from others |
365.164 |
730.328 |
|
Loans and advances from others |
175.136 |
138.836 |
|
|
|
|
|
Total |
3619.286 |
4516.715 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10483474 |
18/02/2014 |
820,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI,
Maharashtra -400023, INDIA |
B98849664 |
|
2 |
10455102 |
13/09/2013 |
1,000,000,000.00 |
ALLAHABAD BANK |
Industrial Finance Branch, 37,Mumbai Samachar Marg, Fort, Mumbai, Maharashtra
- 400023, INDIA |
B87562302 |
|
3 |
10430209 |
21/05/2013 |
250,000,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, ATLANTA FIRST FLOOR, JAMNALAL BAJAJ MARG NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B76764182 |
|
4 |
10397675 |
14/01/2013 |
410,000,000.00 |
The Cosmos Co-op. Bank Limited |
36A, Maru Niketan, D. L. Vaidya Road, Dadar (W), Mumbai, Maharashtra -
400028, INDIA |
B66128018 |
|
5 |
10392369 |
05/12/2012 |
86,000,000.00 |
INDIAN BANK |
Mumbai Fort Branch, United India Building, Sir P. M. Road, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B64289853 |
|
6 |
10387352 |
25/02/2014 * |
932,500,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH, CHANDER MUKHI, GROUND FLOOR, NARIMAN POINT,
MUMBAI, Maharashtra - 400021, INDIA |
B97877575 |
|
7 |
10372142 |
30/06/2012 |
200,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPOARTE BRANCH, MAKER TOWER,"E" WING, GROUND FLOOR, CUFFE
PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B56246416 |
|
8 |
10362019 |
09/06/2012 |
424,000,000.00 |
Corporation Bank |
Fort Mid Corporate Branch Veena Chambers, 21, Dalai Street, Fort,
Mumbai, Maharashtra - 400023, INDIA |
B42189332 |
|
9 |
10353734 |
13/04/2012 |
550,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B38937470 |
|
10 |
10353721 |
13/04/2012 |
750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B38933396 |
|
11 |
10353444 |
19/03/2012 |
360,000,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH, C-10, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA
(E), MUMBAI, Maharashtra - 400051, INDIA |
B38855169 |
|
12 |
10336367 |
26/03/2013 * |
800,000,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, ATLANTA FIRST FLOOR, JAMNALAL BAJAJ MARG NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B73375347 |
|
13 |
10334537 |
01/02/2012 |
189,000,000.00 |
INDIAN BANK |
MUMBAI FORT BRANCH, UNITED INDIA BUILDING, SIR P. M.ROAD FORT, MUMBAI,
Maharashtra - 400001, INDIA |
B31664196 |
|
14 |
10357079 |
14/12/2011 |
46,000,000.00 |
Corporation Bank |
Fort Mid Corporate Branch Veena Chambers, 21, Dalai Street, Fort, Mumbai, Maharashtra - 400023, INDIA |
B32752263 |
|
15 |
10305032 |
09/08/2011 |
410,000,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH, C-10, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA
(E), MUMBAI, Maharashtra - 400051,
INDIA |
B19963628 |
|
16 |
10285601 |
01/05/2011 |
81,204,300.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA
|
B12308185 |
|
17 |
10285599 |
01/05/2011 |
99,172,161.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA
|
B12307294 |
|
18 |
10285600 |
01/05/2011 |
119,711,232.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA
|
B12307781 |
|
19 |
10257628 |
05/12/2010 |
125,000,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA
|
B00402263 |
|
20 |
10257678 |
20/03/2014 * |
2,050,000,000.00 |
Oriental Bank of Commerce |
Oriental Bank of Commerce, Nariman Point Overseas |
C03348497 |
|
21 |
10246441 |
15/09/2010 |
15,166,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA |
A96948831 |
|
22 |
10240279 |
01/09/2010 |
18,385,925.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA
|
A95047627 |
|
23 |
10231818 |
10/06/2010 |
250,000,000.00 |
DENA BANK |
C-10, G-BLOCK, BANDRA KURLA COMPLEX,, BANDRA EAST, BANDRA, MUMBAI,
Maharashtra - 400051, INDIA |
A90352519 |
|
24 |
10224763 |
22/04/2010 |
340,000,000.00 |
PUNJAB NATIONAL BANK |
MAKE TOWER E GROUND FLOOR CUFF PARADE, MUMBAI, Maharashtra - 400005,
INDIA |
A87086567 |
|
25 |
10221757 |
29/03/2010 |
230,000,000.00 |
COPORATION BANK |
INDUSTRIAL FINANCE BRANCH 104 BHARAT HOUSE, BOMBAY SAMACHAR MARG,
FORT, MUMBAI, Maharashtra - 400023, INDIA |
A85536720 |
|
26 |
10207058 |
13/02/2010 |
6,750,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, Maharashtra - 400001,
INDIA |
A81362873 |
|
27 |
10199387 |
16/01/2010 |
290,000,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, ATLANTA FIRST FLOOR, JAMNALAL BAJAJ MARG NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
A78266681 |
|
28 |
10186284 |
25/09/2009 |
100,000,000.00 |
THE LAKSHMI VILAS BANK |
FORT BRANCH, 64, DR. V. B. GANDHI MARG, KALAGHODA FORT, MUMBAI,
Maharashtra -400001, INDIA |
A73347288 |
|
29 |
10164206 |
03/06/2009 |
135,000,000.00 |
Canara Bank |
Fort (Main) Branch, Warden House, Sir P.M. Road, Fort, Mumbai, Maharashtra
- 400001, INDIA |
A64494016 |
|
30 |
10157283 |
23/03/2009 |
150,000,000.00 |
THE LAKSHMI VILAS BANK LIMITED |
FORT BRANCH, 64, DR. V.B. GANDHI MARG, KALAGHODA FORT, MUMBAI,
Maharashtra - 400001, INDIA |
A62190830 |
|
31 |
10140209 |
22/02/2013 * |
2,950,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBER, NARIMAN POINT, MUMBAI,
Maharashtra - 400021, INDIA |
B72191471 |
|
32 |
10111022 |
27/02/2008 |
100,000,000.00 |
THE LAKSHMI VILAS BANK LIMITED |
FORT BRANCH, 64, DR. V.B. GANDHI MARG, KALAGHODA FORT, MUMBAI,
Maharashtra - 400050, INDIA |
A40768152 |
|
33 |
10091071 |
15/01/2008 |
50,000,000.00 |
THE LAKSHMI VILAS BANK LMITED |
FORT BRANCH, 64, DR. V.B. GANDHI MARG, KALAGHODA FORT, MUMBAI,
Maharashtra - 400001, INDIA |
A33734641 |
|
34 |
10087799 |
06/12/2007 |
150,000,000.00 |
Canara Bank |
Fort Main Branch, Sir P.M. Road, Fort, Mumbai, Maharashtra - 400001,
INDIA |
A31999279 |
|
35 |
10061348 |
18/07/2007 |
35,000,000.00 |
CANARA BANK |
Fort (Main) Branch, Warden House, P.M. Road, Fort, MUMBAI, Maharashtra
- 400001, INDIA |
A19316363 |
|
36 |
10047306 |
28/03/2007 |
35,000,000.00 |
CANARA BANK |
Fort Main Branch, Warden House, Sir P. M. Road, Fort, Mumbai,
Maharashtra - 400001, INDIA |
A13759808 |
|
37 |
10109740 |
09/05/2006 |
37,500,000.00 |
CANARA BANK |
FORT MAIN BRANCH,WARDEN HOUSE, P.M. ROAD, FORT, MUMBAI, Maharashtra -
400001, INDIA |
A02118164 |
|
38 |
80041556 |
30/09/2013 * |
10,240,000,000.00 |
STATE BANK OF INDIA |
Backbay Reclamation Branch, Raheja Chambers, Free Press Journal Marg,
Nariman Point, Mumbai, Maharasshtra - 400021, INDIA |
B88046271 |
* Date of charge modification
REVIEW OF OPERATIONS
During the year, the Company’s Net Income from operations stood at Rs. 6621.204 Millions as compared to Rs. 5035.148 Millions in the previous year, Profit before finance cost and taxation for the year stood at Rs. 17960.446 Millions against Rs. 12775.308 Millions in the previous year and Profit after Tax declined from Rs. 472.780 Millions in previous year to Rs. 472.535 Millions in the year.
FIXED ASSETS
œ
Land
œ
Building
œ
Plant and Machinery
œ
Office Equipments
œ
Computers
œ
Furniture and Fixtures
œ
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
34 |
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.