MIRA INFORM REPORT
|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TATA HOUSING DEVELOPMENT COMPANY LIMITED (w.e.f. 10.10.2007) |
|
|
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|
Formerly Known
As : |
THDC LIMITED |
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Registered Office
: |
12th Floor, Times Tower, Kamala Mills Compound, Senapati
Bapat Marg, Lower Parel – West, Mumbai – 400013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
19.03.1942 |
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Com. Reg. No.: |
11-003573 |
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Capital
Investment / Paid-up Capital : |
Rs.2016.666
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1942PLC003573 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT05934F |
|
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PAN No.: [Permanent Account No.] |
AAACT0191Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Real Estate Development. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 37000000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a TATA Group Company. It is an established company having fine track record. Financial position of the company is sound and healthy. The rating also derive strength from its strong parentage,
fundamentals of the company’s are healthy. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CARE |
|
Rating |
Long Term Fund Based Bank Facilities=AA |
|
Rating Explanation |
High degree of safety and carry lowest
credit risk. |
|
Date |
10.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Fund Based Bank Facilities=A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
10.03.2014 |
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 DENIED
Management Non Co-operative (91-22-66614444)
LOCATIONS
|
Registered / Corporate Office : |
12th Floor, Times Tower, Kamala Mills Compound, Senapati
Bapat Marg, Lower Parel – West, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66614444 |
|
Fax No.: |
91-22-66614452 |
|
E-Mail : |
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|
Website : |
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Regional Sales
Office : |
Located At: ·
Mumbai ·
Pune ·
Kolkata ·
New Delhi ·
Bangalore ·
Mohali |
DIRECTORS
As on 19.09.2013
|
Name : |
Mr. Brotin Banerjee |
|
Designation : |
Managing Director |
|
Address : |
601, Sanghi Residency, Opposite Twin Towers, 77 Palki, Gali,
Prabhadevi, Mumbai – 400025, |
|
Date of Birth/Age : |
13.04.1973 |
|
Date of Appointment : |
17.04.2008 |
|
DIN No.: |
01522816 |
|
|
|
|
Name : |
Mr. Sankaran Santhanakrishnan |
|
Designation : |
Director |
|
Address : |
24, Unnamalai Ammal Street, T. Nagar, Chennai-600017, Tamilnadu, India
|
|
Date of Birth/Age : |
01.11.1950 |
|
Date of Appointment : |
13.09.2010 |
|
DIN No.: |
00032049 |
|
|
|
|
Name : |
Mr. Sanjay Ganesh Ubale |
|
Designation : |
Additional DirectorDirector |
|
Address : |
32, Quest End, 47, Cuffe Parade, Mumbai – 400005, |
|
Date of Birth/Age : |
22.08.1961 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02040738 |
|
|
|
|
Name : |
Mr. Krishnamoorthy Srinivasa Venkataramanan |
|
Designation : |
Director |
|
Address : |
2 D Polaris Aquila Heights No.27, HMT Factory, Main Road, Near HMT
School, Peenya Plantation B, Bangalore – 560013, Karnataka, India |
|
Date of Birth/Age : |
30.07.1961 |
|
Date of Appointment : |
26.06.2013 |
|
DIN No.: |
01728072 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Shah |
|
Designation : |
Company Secretary |
|
Address : |
12th Floor, Times Tower, Senapati Bapat Marg, Kamala Mills Compound,
Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Date of Birth/Age : |
27.04.1979 |
|
Date of Appointment : |
16.11.2008 |
|
PAN.: |
ASNPS1268F |
MAJOR SHAREHOLDERS
As on 19.09.2013
Details of the Ordinary Shareholders:
|
Names of Shareholders |
No. of Shares |
|
Tata Sons Limited, |
201381514 |
|
Tata Industries Limited, |
284338 |
|
Fali Ardeshir Poncha |
288 |
|
Tata Sons Limited, |
25 |
|
Tata Sons Limited, |
25 |
|
Tata Sons Limited, |
23 |
|
Tata Sons Limited, |
25 |
|
Total
[A] |
201666238 |
Details of the shareholders holding shares in demat mode:
|
Names of Shareholders |
No. of Shares |
|
Mr. P. S. Mistry |
288 |
|
Mr. Ratan Tata |
71 |
|
Total
[B] |
359 |
|
|
|
|
TOTAL
[A + B] |
201666597 |
Equity Share Break up (Percentage of Total Equity)
As on 19.09.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Development. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
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Bankers : |
·
State Bank of India, Raheja Chambers, free Press
Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India ·
State Bank of India, Bangalore Branch (0813),
P.B. No. 5310, State Bank Road, Bangalore – 560001, Karnataka, India ·
IDBI Bank Limited, 224-A, Mittal Court, A-Wing,
Nariman Point, Mumbai – 400021, Maharashtra, India ·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor,
Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025,
Maharashtra, India |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Deloitte Haskins and
Sells Chartered Accountants |
|
Address : |
Indiabulls Finance
Centre, Tower 3, 27 - 32 Floor, Senapati Bapat Marg, Elphinstone (West),
Mumbai – 400013, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Auditors 2 : |
|
|
Name : |
S N B ASSOCIATES |
|
Address : |
12, 3rd Floor,
Gemini Parsn Complex,121 Anna Salai, Chennai – 600006, Tamilnadu, India |
|
PAN No.: |
AAIFS4993G |
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|
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|
Joint venture : |
·
Arvind And Smart Value Homes LLP ·
Casa Decor Private Limited ·
Princeton Infrastructure Private Limited ·
Sohna City LLP ·
Technopolis Knowledge Park Limited |
|
|
|
|
Holding company
: |
·
Tata Sons Limited |
|
|
|
|
Subsidiary
company : |
·
Ardent Properties Private Limited ·
Apex Realty Private limited ·
Concept Marketing And Advertising Limited ·
Kriday Realty Private Limited ·
Landscape Structures Private Limited ·
Lemon Tree Land & Developers Private Limited ·
Promont Hillside Private Limited ·
Promont Hilltop Private Limited ·
Tata Value Homes Limited ·
THDC Facility Management Limited ·
World- One Development ·
Company Pte Limited |
|
|
|
|
Fellow Subsidiary company : |
·
CMC Limited ·
Drive India Enterprise Solutions Limited ·
Gurgaon Infratech Private Limited ·
Infiniti Retail Limited ·
Tata Aia Life Insurance Company Limited ·
Tata Aig General Insurance Company Limited ·
Tata Industries Limited ·
Tata Sky Limited ·
Tata Teleservices (Maharashtra) Limited ·
Tata Teleservices Limited ·
Tata Capital Financial Services Limited ·
Tata Consultancy Services Limited ·
Tata Investment Corporation Limited ·
Tata Realty and Infrastructure Limited |
|
|
|
|
Others : |
·
TCS E-Serve Limited |
CAPITAL STRUCTURE
As on 19.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000000 |
Equity Shares |
Rs.10/- each |
Rs.2250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
201666597 |
Equity Shares |
Rs.10/- each |
Rs.2016.666 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 |
2016.666 |
1174.999 |
1154.999 |
|
(b) Reserves & Surplus |
7370.756 |
2231.725 |
1110.474 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
1500.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9387.422 |
4906.724 |
2265.473 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3550.000 |
2250.000 |
2532.917 |
|
(b) Deferred tax liabilities (Net) |
1477.116 |
859.008 |
336.408 |
|
(c) Other long term
liabilities |
2031.848 |
1268.834 |
690.168 |
|
(d) long-term
provisions |
62.107 |
49.526 |
26.817 |
|
Total Non-current
Liabilities (3) |
7121.071 |
4427.368 |
3586.310 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4629.746 |
2171.437 |
619.381 |
|
(b) Trade
payables |
2782.520 |
2454.967 |
751.625 |
|
(c) Other current
liabilities |
4378.438 |
1728.869 |
3063.664 |
|
(d) Short-term
provisions |
381.590 |
288.506 |
144.898 |
|
Total Current
Liabilities (4) |
12172.294 |
6643.779 |
4579.568 |
|
|
|
|
|
|
TOTAL |
28680.787 |
15977.871 |
10431.351 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
92.018 |
108.134 |
94.838 |
|
(ii)
Intangible Assets |
28.786 |
30.378 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5660.047 |
1894.951 |
462.715 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9657.295 |
5656.473 |
2708.980 |
|
(e) Other
Non-current assets |
74.036 |
40.362 |
13.576 |
|
Total Non-Current
Assets |
15512.182 |
7730.298 |
3280.109 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.906 |
101.906 |
389.858 |
|
(b)
Inventories |
7772.094 |
4292.269 |
1899.193 |
|
(c) Trade
receivables |
1367.464 |
605.199 |
531.247 |
|
(d) Cash
and cash equivalents |
88.193 |
175.400 |
1447.007 |
|
(e)
Short-term loans and advances |
1675.225 |
1162.739 |
1415.524 |
|
(f) Other
current assets |
2263.723 |
1910.060 |
1468.413 |
|
Total
Current Assets |
13168.605 |
8247.573 |
7151.242 |
|
|
|
|
|
|
TOTAL |
28680.787 |
15977.871 |
10431.351 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7,951.866 |
8,417.110 |
5,424.564 |
|
|
|
Other Income |
999.417 |
409.160 |
182.039 |
|
|
|
TOTAL (A) |
8,951.283 |
8,826.270 |
5,606.603 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5,464.958 |
5,771.414 |
3,869.418 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
0.000 |
0.000 |
(201.939) |
|
|
|
Employee Benefits Expenses |
438.700 |
356.557 |
221.554 |
|
|
|
Other Expenses |
594.284 |
594.461 |
447.971 |
|
|
|
TOTAL (B) |
6,497.942 |
6,722.432 |
4,337.004 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2,453.341 |
2,103.838 |
1,269.599 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
584.980 |
208.485 |
153.927 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1,868.361 |
1,895.353 |
1,115.672 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION (F) |
39.990 |
28.790 |
20.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1,828.371 |
1,866.563 |
1,095.266 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
577.180 |
543.500 |
347.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1,251.191 |
1,323.063 |
747.762 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
62.850 |
218.704 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.85 |
11.41 |
6.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.98 |
14.99 |
13.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
22.99 |
22.18 |
20.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.94 |
13.25 |
10.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.38 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.87 |
0.90 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.24 |
1.56 |
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 |
1154.999 |
1174.999 |
2016.666 |
|
Reserves & Surplus |
1110.474 |
2231.725 |
7370.756 |
|
Share Application money
pending allotment |
0.000 |
1500.000 |
0.000 |
|
Net
worth |
2265.473 |
4906.724 |
9387.422 |
|
|
|
|
|
|
long-term borrowings |
2532.917 |
2250.000 |
3550.000 |
|
Short term borrowings |
619.381 |
2171.437 |
4629.746 |
|
Total
borrowings |
3152.298 |
4421.437 |
8179.746 |
|
Debt/Equity
ratio |
1.391 |
0.901 |
0.871 |
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 |
5,424.564 |
8,417.110 |
7,951.866 |
|
|
|
55.167 |
(5.527) |
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
|
5,424.564 |
8,417.110 |
7,951.866 |
|
Profit |
747.762 |
1,323.063 |
1,251.191 |
|
|
13.78% |
15.72% |
15.73% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
2250.000 |
82.917 |
202.083 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Intercorporate
Borrowings |
1800.000 |
1400.000 |
|
Commercial Paper |
1223.684 |
0.000 |
|
|
|
|
|
Total |
3023.684 |
1400.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10476338 |
09/01/2014 |
2,000,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, |
B95673794 |
|
2 |
10481354 |
09/01/2014 |
2,000,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA
- 400025, INDIA |
B95674040 |
|
3 |
10457638 |
08/10/2013 |
300,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMI |
52/60, MAHATMA
GANDHI ROAD,, FORT,, MUMBAI, MAHAR |
B88562541 |
|
4 |
10456007 |
28/09/2013 |
600,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B87938239 |
|
5 |
10444556 |
21/08/2013 |
1,000,000,000.00 |
STATE BANK OF
INDIA |
RAHEJA CHAMBERS,
FREE PRESS JOURNAL MARG,, NARIMA |
B82870056 |
|
6 |
10418174 |
08/03/2013 |
1,500,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, |
B72042971 |
|
7 |
10418177 |
08/03/2013 |
1,500,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, |
B72043060 |
|
8 |
10406111 |
17/04/2014 * |
1,600,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
STATE BANK OF
BIKANER AND JAIPUR, 235-237, PENINS |
C03681483 |
|
9 |
10377624 |
27/11/2013 * |
1,500,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B90234816 |
|
10 |
10220468 |
31/03/2012 * |
700,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B37886033 |
|
11 |
10151363 |
21/03/2009 |
1,200,000,000.00 |
IDBI BANK
LIMITED |
K G MARG BRANCH,
11TH FLOOR, SURYA KIRAN BUILDING, 19, K G MARG,, NEW DELHI, DELHI - 110001,
INDIA |
A59431718 |
|
12 |
80038952 |
21/08/2013 * |
1,750,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B85449775 |
*Date of modification Charges
FIXED ASSETS:
·
Buildings
·
Leasehold Improvements
·
Construction Equipment
·
Office Equipments
·
Computers
·
Furniture and Fixture
·
Electrical Fittings
·
Motor 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.60.12 |
|
|
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
68 |
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.