MIRA
INFORM REPORT
|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PATEL ENGINEERING LIMITED (w.e.f 09.12.1999) |
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Formerly Known
As : |
PATEL ENGINEERING COMPANY LIMITED |
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Registered
Office : |
Pate |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
02.04.1949 |
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Com. Reg. No.: |
11-007039 |
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Capital
Investment / Paid-up Capital : |
Rs. 69.800 Millions |
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CIN No.: [Company Identification
No.] |
L99999MH1949PLC007039 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP02050G MUMP00205C |
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PAN No.: [Permanent Account No.] |
AAACP2567L |
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Legal Form : |
A Public Limited Liability Company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Construction of tunnels, dams, bridges, buildings, power stations,
marine works etc |
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No. of Employees
: |
1310 (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 |
|
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. Financial position of the company is good. Networth
of the company is decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. 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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB (Revised from A) |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
17.10.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 (Revised from A1) |
|
Rating Explanation |
Moderate degree of safety it carry higher credit risk. |
|
Date |
17.10.2013 |
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 DECLINED
|
Name : |
Mr. Prakash Patel |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-22-26767500 / 661 |
|
Date : |
24.06.2014 |
LOCATIONS
|
Registered Office : |
Pate |
|
Tel. No.: |
91-22-26782916/26782885/26782560/26767500 Extn:
661 |
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Fax No.: |
91-22-26782455/26781505 |
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E-Mail : |
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Website : |
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. Pravin Arjunbhai Patel |
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Designation : |
Chairman |
|
Address : |
A.K. Abdul Razzak Patel Bungalow 5-D Dadabhai Road, Santacruz (West), Mumbai 400054, Maharashtra, India |
|
Date of Birth/Age : |
03.01.1937 |
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Date of Appointment : |
29.08.1989 |
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DIN No.: |
00029453 |
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Name : |
Mr. Rupen Pravin Patel |
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Designation : |
Managing Director |
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Address : |
A.K.Patel Bungalow 5-D Dadabhai Road, Santacruz (West), Mumbai 400054, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1966 |
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Date of Appointment : |
26.10.1995 |
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DIN No.: |
00029583 |
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Name : |
Mr. Krishnamoorthy Kannan |
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Designation : |
Director |
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Address : |
576-B, Mahesh, Jame Jamshedji Road, Matunga, Mumbai -400019, Maharashtra, India |
|
Date of Birth/Age : |
17-11-1939 |
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Date of Appointment : |
04.08.2005 |
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Name : |
Mr. Khizer Abdul Razzak Ahmed |
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Designation : |
Director |
|
Address : |
C-34, 1st Floor, Malviya Nagar, New Delhi 100 017, India |
|
Date of Birth/Age : |
15-01-1940 |
|
Date of Appointment : |
04.08.2005 |
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|
Name : |
Mr. Srinivasa Jambunathan |
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Designation : |
Director |
|
Address : |
9, Prakash Co-op. Hsg. Society, Relief Road, Daulat Nagar, Santacruz (West), Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1938 |
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Date of Appointment : |
30.03.2009 |
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Name : |
Ms. Silloo Patel, |
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Designation : |
Whole Time Director |
|
Address : |
5A, Monisha, St.Andrews Road, Bandra, Mumbai 400 050, Maharashtra, India |
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Date of Birth/Age : |
14.05.1947 |
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Date of Appointment : |
19.10.1992 |
|
DIN No.: |
00029656 |
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|
|
|
Name : |
Mr. Nimish Patel |
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Designation : |
Whole Time Director |
|
Address : |
`Sharda’ 51, Hatkesh Society, 7th Road, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.02.1970 |
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Date of Appointment : |
01.02.1999 |
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Name : |
Mr. Priyavadan C. Purohit |
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Designation : |
Director |
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Address : |
1906-1238, Melville St Vancouver Bc V6e4n2 Canada |
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Date of Birth/Age : |
17.03.1940 |
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Date of Appointment : |
30.03.2009 |
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|
Name : |
Mr. Bhaskar Mehta |
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Designation : |
Director |
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Address : |
Cozy Cottage, Adiyabad Estate, A.B. Nair Road, Juhu, Santacruz (West), Mumbai - 400054, Maharashtra, India |
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Date of Birth/Age : |
17.08.1934 |
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Date of Appointment : |
22.09.2009 |
KEY EXECUTIVES
|
Name : |
Ms. Shetty Ranjit Shobha |
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Designation : |
Company
Secretary |
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Address : |
404, |
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Date of Birth/Age : |
26.03.1976 |
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Date of Appointment : |
01.10.2003 |
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Pan No.: |
AAQPS3031B |
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|
Name : |
Mr. Prakash Patel |
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Designation : |
Accounts Manager |
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Audit Committee : |
· Mr. Krishnamoorthy Kannan (Chairman) · Mr. Pravin Patel ·
Mr. Khizer Ahmed |
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Remuneration
Committee : |
· Mr. Khizer Ahmed (Chairman) · Mr. Pravin Patel · Mr. Krishnamoorthy Kannan ·
Mr. Srinivasa Jambunathan |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2014
|
Category of
Shareholder |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
3473750 |
4.56 |
|
|
34847724 |
45.71 |
|
|
38321474 |
50.26 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
38321474 |
50.26 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
12221 |
0.02 |
|
|
1340016 |
1.76 |
|
|
2266764 |
2.97 |
|
|
875935 |
1.15 |
|
|
4494936 |
5.90 |
|
|
|
|
|
|
3698285 |
4.85 |
|
|
|
|
|
|
15723992 |
20.62 |
|
|
4555103 |
5.97 |
|
|
9450535 |
12.40 |
|
|
800634 |
1.05 |
|
|
931036 |
1.22 |
|
|
1672158 |
2.19 |
|
|
6046707 |
7.93 |
|
|
33427915 |
43.84 |
|
Total Public shareholding (B) |
37922851 |
49.74 |
|
Total (A)+(B) |
76244325 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
76244325 |
0.00 |
Shareholding
belonging to the category "Promoter and Promoter Group"
|
.No. |
Name of the
Shareholder |
Details of Shares held |
|
|
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
|
1 |
Patel Corporation LLP |
1,81,03,300 |
23.74 |
|
2 |
Praham India LLP |
1,67,44,424 |
21.96 |
|
3 |
Patel Rupen Pravin |
13,52,600 |
1.77 |
|
4 |
Patel Pravin Arjunbhai |
40,800 |
0.05 |
|
5 |
Sonal Patel |
3,50,500 |
0.46 |
|
6 |
Riana Batra |
1,99,950 |
0.26 |
|
7 |
Patel Chandrika Pravin |
1,49,900 |
0.20 |
|
8 |
Alina Rupen Patel |
12,90,000 |
1.69 |
|
9 |
Ryan Rupen Patel |
90,000 |
0.12 |
|
|
Total |
3,83,21,474 |
50.26 |
Shareholding
belonging to the category "Public" and holding more than 1% of the
Total No. of Shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
|
|
|
|
|
|
1 |
Patel Engineering Employees Welfare Trust |
6045000 |
7.93 |
|
2 |
Life Insurance Corporation of India |
2394881 |
3.14 |
|
3 |
Dinesh Govind Patel |
1363815 |
1.79 |
|
|
Total |
9803696 |
12.86 |
Shareholding
belonging to the category "Public" and holding more than 5% of the
Total No. of Shares
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of
Total No. of Shares |
|
|
|
|
|
|
1 |
Patel Engineering Employees Welfare Trust |
6045000 |
7.93 |
|
|
Total |
6045000 |
7.93 |
Details of Locked-in
Shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares |
Locked-in Shares as
% of |
|
1 |
Praham India LLP |
1,97,600 |
0.26 |
|
2 |
Praham India LLP |
1,65,46,824 |
21.70 |
|
3 |
Patel Corporation LLP |
1,81,03,300 |
23.74 |
|
|
Total |
3,48,47,724 |
45.71 |
BUSINESS DETAILS
|
Line of Business : |
Construction of tunnels, dams, bridges, buildings, power stations,
marine works etc |
|
|
|
|
Products : |
·
Civil Engineering and Construction ·
Turnkey Civil Contracting |
GENERAL INFORMATION
|
No. of Employees : |
1310 (Approximately) |
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Bankers : |
· ICICI Bank Limited · Bank of India · Dena Bank · Canara Bank · Bank of Baroda · Industrial Development Bank of India Limited · Union Bank of India · Corporation Bank · State Bank of Patiala · Axis Bank Limited ·
Standard Chartered Bank |
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Facilities : |
(Rs. In Millions)
|
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Banking
Relations : |
--- |
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|
Auditors : |
|
|
Name : |
Vatsaraj and Company Chartered Accountants |
|
Address : |
Bharat House,104, Mumbai Samachar Marg, Fort, Mumbai -
400 001, Maharashtra, India |
|
PAN No.: |
AACFV7282K |
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|
Related Parties : (As on 31.03.2012) |
· Patel Realty (India) Limited · Vismaya Constructions Private Limited · Patel Energy Resources Limited · Bhooma Realties Private Limited · Michigan Engineers Private Limited · Friends Nirman Private Limited · Shreeanant Construction Private Limited · Patel Concrete and Quarries Limited · Pan Realtors Private Limited · ASI Inc · Energy Design Private Limited · Patel Engineering Infrastructure Limited · Patel Lands Limited · Patel Engineering (Mauritius) Limited · Patel Patron Private Limited · Patel Engineering (Singapore) Pte. Limited · Patel Engineers Private Limited · Patel Engineering Inc · Pandora Infra Private Limited · Patel Engineering Lanka Limited · Shashvat Land Projects Private Limited · Zeus Minerals Trading Private Limited (earlier known as Zeus Land Projects Private Limited) |
|
|
|
|
Subsidiaries of
Patel Realty (India) Limited : (As on 31.03.2012) |
· Bellona Estate Developers Limited · Nirman Constructions Private Limited · Hebe Infracon Private Limited · Azra Land Projects Private Limited · Hera Realcon Private Limited · Waterfront Developers Limited · Lucina Realtors Private Limited · Les Salines Development Limited · Apollo Buildwell Private Limited · La Bourgade Development Limited · Arsen Infra Private Limited · Ville Magnifique Development Limited · Praval Developers Private Limited · Sur La Plage Development Limited ·
Phedra Projects
Private Limited |
|
|
|
|
Subsidiaries of
Patel Energy Resources Limited : (As on 31.03.2012) |
· Dirang Energy Private Limited · PEL Power Limited · West Kameng Energy Private Limited · PEL Port Private Limited · Patel Energy Assignment Private Limited · Patel Energy Limited · Patel Energy Projects Private Limited · Laksha Infra Projects Private Limited · Patel Energy Operations Private Limited · Jayshe Gas Power Private Limited · Patel Hydro Power Private Limited · Patel Thermal Energy Private Limited · Digin Hydro Power Private Limited · Meyong Hydro Power Private Limited · Shree Balaji Power Services Private Limited(upto November 9, 2011) · Patel Energy Trading Private Limited · Naulo Nepal Hydro Electric Private Limited |
|
|
|
|
Subsidiaries of ASI
Inc : (As on 31.03.2012) |
· ASI Australia Pty Limited · Engg. and Const. Inc. · HCP Inc. |
|
|
|
|
Subsidiaries of Patel
Engineering (Singapore) Pte Limited : (As on 31.03.2012) |
· Patel Surya (Singapore) Pte. Limited · Patel Param Energy Pte Limited · PT PEL Minerals Resources · PT Patel Surya Jaya · Patel Param Minerals Pte Limited · Patel Param Natural Resources Pte Limited · PT Patel Surya Minerals · Mineral Resources Holding Limited · PT Surya Geo Minerals · PT Patel Engineering Indonesia · PT Surpat Geo Minerals |
|
|
|
|
Subsidiaries of
Patel Engineering Inc : (As on 31.03.2012) |
· ASI RCC Inc · ASI RCC India Limited · Westcon Microtunelling Inc |
|
|
|
|
Subsidiaries of
Patel Engineering (Mauritius) Limited : (As on 31.03.2012) |
· Patel Mining (Mauritius) Limited · Metalline Mine Works, Lda · Enrich Mining Vision, Lda · Patel Mining Assignments, Lda · Placer Mining Division, Lda · Chivarro Mines Mozambique, Lda · Patel Infrastructure, Lda · Fortune Mines Concession, Lda · Trend Mining Projects, Lda · Omini Mines Enterprises, Lda · Accord Mines Venture, Lda · Quest Mining Activities, Lda · Netcore Mining Operations, Lda |
|
|
|
|
Associates: (As on 31.03.2012) |
· Enpro Limited · Patel KNR Heavy Infrastructure Limited · Patel KNR Infrastructure Limited · Raichur Sholapur Transmission Company Limited · ACP Tollways Private Limited · Terra Land Developers Limited |
|
|
|
|
Others : (As on 31.03.2012) |
· Saskang Rong Energy Private Limited · Patel Corporation LLP · Praham India LLP |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs. 1/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
69827151 |
Equity Shares |
Rs. 1/- each |
Rs.69.830
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 |
69.830 |
69.830 |
69.830 |
|
(b) Reserves & Surplus |
14512.510 |
14073.230 |
13269.800 |
|
(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) |
14582.340 |
14143.060 |
13339.630 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11401.230 |
7517.920 |
6743.030 |
|
(b) Deferred tax liabilities (Net) |
9.510 |
66.090 |
34.780 |
|
(c) Other long term liabilities |
3729.770 |
4840.910 |
4600.750 |
|
(d) long-term provisions |
41.830 |
14.560 |
18.100 |
|
Total Non-current Liabilities (3) |
15182.340 |
12439.480 |
11396.660 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
13449.600 |
11341.500 |
11520.110 |
|
(b) Trade payables |
6260.070 |
6249.460 |
5282.470 |
|
(c) Other current
liabilities |
6121.760 |
5252.050 |
4190.280 |
|
(d) Short-term provisions |
22.750 |
31.530 |
506.020 |
|
Total Current Liabilities (4) |
25854.180 |
22874.540 |
21498.880 |
|
|
|
|
|
|
TOTAL |
55618.860 |
49457.080 |
46235.170 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2938.220 |
2517.840 |
2795.020 |
|
(ii) Intangible Assets |
33.780 |
50.040 |
1.700 |
|
(iii) Capital
work-in-progress |
183.570 |
1035.560 |
601.080 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5711.640 |
5538.640 |
4800.480 |
|
(c) Deferred tax assets (net) |
8094.980 |
7468.830 |
6631.980 |
|
(d) Long-term Loan and Advances |
12.540 |
14.040 |
14.530 |
|
(e) Other Non-current assets |
686.980 |
327.240 |
578.200 |
|
Total Non-Current Assets |
17661.710 |
16952.190 |
15422.990 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.050 |
0.000 |
0.000 |
|
(b) Inventories |
19145.150 |
14794.530 |
18070.360 |
|
(c) Trade receivables |
8008.610 |
8420.760 |
6425.140 |
|
(d) Cash and cash
equivalents |
1825.500 |
1503.350 |
1035.500 |
|
(e) Short-term loans
and advances |
8968.320 |
7692.240 |
5214.860 |
|
(f) Other current
assets |
9.520 |
94.010 |
66.320 |
|
Total Current Assets |
37957.150 |
32504.890 |
30812.180 |
|
|
|
|
|
|
TOTAL |
55618.860 |
49457.080 |
46235.170 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
31032.110 |
25496.420 |
25372.050 |
|
|
|
Other Income |
1079.730 |
938.330 |
805.210 |
|
|
|
TOTAL (A) |
32111.840 |
26434.750 |
26177.260 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Construction |
24670.020 |
20609.910 |
19861.460 |
|
|
|
Employee benefits expense |
795.720 |
681.000 |
751.730 |
|
|
|
Other expenses |
1152.250 |
779.200 |
1083.230 |
|
|
|
TOTAL (B) |
26617.990 |
22070.110 |
21696.420 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5493.850 |
4364.640 |
4480.840 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4201.110 |
2880.820 |
2597.930 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1292.740 |
1483.820 |
1882.910 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
525.480 |
528.210 |
527.760 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
767.260 |
955.610 |
1355.150 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
275.070 |
351.310 |
333.040 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
492.190 |
604.300 |
1022.110 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3601.040 |
3381.090 |
2800.140 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
75.000 |
150.000 |
|
|
|
Dividend |
0.000 |
20.950 |
69.830 |
|
|
|
Tax on Dividend |
0.000 |
3.400 |
11.330 |
|
|
|
Debenture Redemption Reserve |
-3.750 |
285.000 |
210.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4096.980 |
3676.040 |
3381.090 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores Materials |
62.220 |
21.190 |
189.630 |
|
|
|
Components and Spare Parts |
56.390 |
0.000 |
2.250 |
|
|
|
Capital Goods |
82.660 |
17.830 |
106.850 |
|
|
TOTAL IMPORTS |
201.270 |
39.020 |
298.730 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
7.05 |
8.65 |
14.64 |
|
|
|
Diluted |
7.05 |
8.65 |
14.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.53 |
2.29 |
3.90 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.47 |
3.75 |
5.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.84 |
2.70 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.07 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.70 |
1.33 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.42 |
1.43 |
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 |
69.830 |
69.830 |
69.830 |
|
Reserves & Surplus |
13269.800 |
14073.230 |
14512.510 |
|
Net
worth |
13339.630 |
14143.060 |
14582.340 |
|
|
|
|
|
|
long-term borrowings |
6743.030 |
7517.920 |
11401.230 |
|
Short term borrowings |
11520.110 |
11341.500 |
13449.600 |
|
Total
borrowings |
18263.140 |
18859.420 |
24850.830 |
|
Debt/Equity
ratio |
1.369 |
1.333 |
1.704 |
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 |
25372.050 |
25496.420 |
31032.110 |
|
|
|
0.490 |
21.712 |
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 |
25372.050 |
25496.420 |
31032.110 |
|
Profit |
1022.110 |
604.300 |
492.190 |
|
|
4.03% |
2.37% |
1.59% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
2502.690 |
1938.570 |
902.130 |
|
|
|
|
|
|
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
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 |
No |
|
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 |
|||||
|
Bench:-
Bombay |
|
||||
|
Stamp No:- |
FAST /464/2013 |
Failing Date:- |
11/02/2012 |
|
|
|
|
|||||
|
Petitioner:- |
NATIONAL INSURANCE COMPANY LIMITED |
Respondent:- |
M/S/ PATEL ENGINEERING LIMITED |
||
|
Petn.Adv:- |
MR. ATUL B. GATNE |
||||
|
District:- |
THANE |
||||
|
|
|||||
|
Bench:- |
Division |
|
|
||
|
Status:- |
Pre-Admission |
Stage:- |
|
||
|
Last Date:- |
18/02/2013 |
|
|||
|
Last Coram:- |
REGISTRAR (JUDICIAL) |
||||
|
|
|
||||
|
Act:- |
Motor Vehicles Act.1939 |
||||
FINANCIAL HIGHLIGHTS
On standalone basis, the total income was higher at Rs.32111.840 millions as against Rs.26434.750 millions for the previous year, thereby recording a growth of 21.47%. The profit before depreciation was lower by 12.89% at Rs.1292.740 millions as against Rs.1483.870 millions for the previous year. The net profit was lower by 18.55% at Rs.492.190 millions as against Rs.604.310 millions for the previous year.
UNSECURED LOAN
Rs. In
Millions
|
|
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TE RM
BORROWINGS |
|
|
|
From Banks |
0.000 |
1009.010 |
|
SHORT TE RM
BORROWINGS |
|
|
|
From Bank |
1450.000 |
2264.020 |
|
Commercial Papers - From Bank |
399.090 |
1950.500 |
|
Total |
1849.090 |
5223.530 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10497197 |
16/05/2014 |
60,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, 4TH FLOOR, 10/12, M.S. MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C05378773 |
|
2 |
10484838 |
22/03/2014 |
1,500,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V.B. |
C00492660 |
|
3 |
10485592 |
22/03/2014 |
3,300,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V.B. |
C00738260 |
|
4 |
10483834 |
18/03/2014 * |
1,000,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
C00451807 |
|
5 |
10483833 |
27/03/2014 * |
975,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C00848820 |
|
6 |
10488819 |
03/02/2014 |
58,000,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
SREI EQUIPMENT FINANCE LIMITED, KOLKATA, WEST BENGAL - 700046, INDIA |
C02318962 |
|
7 |
10476242 |
31/01/2014 |
750,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B95761359 |
|
8 |
10469026 |
04/03/2014 * |
800,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C00106625 |
|
9 |
10458504 |
03/10/2013 |
23,175,000.00 |
TATA MOTORS FINANCE LIMITED |
C/O. TATA MOTORS LIMITED, 3RD FLOOR, NANAVATI MAHALAYA,
18, HOMI MODY STREET, MUMBAI, MAHARASHTRA |
B88861703 |
|
10 |
10456270 |
20/09/2013 |
500,000,000.00 |
BANK OF INDIA |
M.D.I BUILDING, 1ST FLOOR, 28, S.V ROAD, ANDHERI |
B88039201 |
|
11 |
10445138 |
24/08/2013 |
1,000,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V. |
B83102855 |
|
12 |
10440947 |
02/08/2013 |
750,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B81073769 |
|
13 |
10434669 |
03/07/2013 |
6,613,552.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78655479 |
|
14 |
10430448 |
22/05/2013 |
32,744,121.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B76860113 |
|
15 |
10430445 |
22/05/2013 |
35,740,256.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B76859826 |
|
16 |
10410843 |
06/03/2013 |
28,800,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B70437819 |
|
17 |
10411590 |
05/03/2013 |
1,500,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE, FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,, MUMBAI, MAHARASHTRA - 400005, INDIA |
B70705470 |
|
18 |
10407282 |
12/09/2013 * |
250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B84877042 |
|
19 |
10401115 |
29/01/2013 |
67,000,000.00 |
AXIS BANK LIMITED |
5-2-183/184,ASC CENTRE, III FLOOR, RP ROAD, HYDER |
B67285486 |
|
20 |
10393861 |
13/12/2012 * |
1,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B65570160 |
|
21 |
10388547 |
03/11/2012 |
3,330,306.00 |
NORTH EASTERN ELECTRIC POWER CORPN LTD |
BROOKLAND COMPOUND LOWER NEW COLONY, DIST.EAST KHASI HILLS, SHILLONG, MEGHALAYA - 793003, INDIA |
B62804075 |
|
22 |
10388447 |
03/11/2012 |
15,521,282.00 |
NORTH EASTERN ELECTRIC POWER CORPN LTD |
BROOKLAND COMPOUND LOWER NEW COLONY, DIST.EAST KHASI HILLS, SHILLONG, MEGHALAYA - 793003, INDIA |
B62766845 |
|
23 |
10379161 |
15/09/2012 |
110,000,000.00 |
AXIS BANK LIMITED |
ASC CENTER, 5-2-183/184, R.P ROAD, SECUNDERABAD, |
B59152009 |
|
24 |
10375708 |
05/09/2012 |
5,000,000,000.00 |
DENA BANK |
C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B57780603 |
|
25 |
10367271 |
12/07/2012 |
4,301,210.00 |
AXIS BANK LIMITED |
5-2-183/184,ASC CENTRE, III FLOOR, R.P ROAD, HYDERABAD, ANDHRA PRADESH - 500003, INDIA |
B44422186 |
|
26 |
10364363 |
27/06/2012 |
32,345,055.00 |
AXIS BANK LIMITED |
5-2-183/184,ASC CENTRE, III FLOOR, RP ROAD, HYDERABAD, ANDHRA PRADESH - 500003, INDIA |
B43140912 |
|
27 |
10366658 |
15/06/2012 |
550,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B44230647 |
|
28 |
10366655 |
15/06/2012 |
600,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B44229003 |
|
29 |
10363946 |
25/05/2012 |
29,941,399.00 |
NTPC LIMITED |
NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA, |
B42976167 |
|
30 |
10357444 |
19/04/2012 |
200,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B40258303 |
|
31 |
10350043 |
17/04/2012 |
3,700,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE
BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - |
B37694098 |
|
32 |
10350352 |
30/03/2012 |
9,397,013.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B37782489 |
|
33 |
10350367 |
10/03/2012 |
7,747,942.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B37785292 |
|
34 |
10340870 |
23/02/2012 |
380,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B34449454 |
|
35 |
10337605 |
31/12/2011 |
14,408,238.00 |
NTPC LIMITED |
NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA, |
B32979619 |
|
36 |
10304527 |
25/03/2013 * |
1,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B71708564 |
|
37 |
10295214 |
15/06/2011 |
500,000,000.09 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B16205379 |
|
38 |
10287590 |
20/05/2011 |
500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B13173786 |
|
39 |
10265969 |
21/01/2011 |
500,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B04994828 |
|
40 |
10233706 |
01/03/2013 * |
470,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, 3A FLOOR, C 38/39, G BLOCK,, BEHIND MCACLUB BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B69621803 |
|
1 |
10228955 |
02/07/2010 |
1,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
A89168421 |
|
42 |
10213011 |
27/03/2010 |
93,859,171.00 |
NTPC LIMITED |
NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA, |
A82912064 |
|
43 |
10191647 |
29/03/2010 * |
950,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A85790889 |
|
44 |
10217136 |
10/08/2009 |
42,834,620.00 |
NTPC LIMITED |
NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA, |
A79811527 |
|
45 |
10148042 |
17/03/2011 * |
1,500,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B08031601 |
|
46 |
10123444 |
25/09/2008 |
7,710,416.00 |
THE EXECUTIVE ENGINEER |
KOYNA CONSTRUCTION DIV. NO.2, ALORE, TALUK CHIPLUN, DIST. RATNAGIRI, ALORE, MAHARASHTRA - 415603, INDIA |
A46125753 |
|
47 |
10097270 |
31/03/2008 |
9,134,739.00 |
THE EXECUTIVE ENGINEER |
KOYNA CONSTRUCTION DIV. NO.2, ALORE, TALUK CHIPLUN, DIST. RATNAGIRI, ALORE, MAHARASHTRA - 415603, INDIA |
A36200368 |
|
48 |
10097165 |
31/03/2008 |
20,010,567.00 |
THE EXECUTIVE ENGINEER |
KOYNA CONSTRUCTION DIV. NO.2, ALORE, TALUK CHIPLUN, DIST. RATNAGIRI, ALORE, MAHARASHTRA - 415603, INDIA |
A36179984 |
|
49 |
10051422 |
23/03/2007 |
500,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A15201395 |
|
50 |
10012325 |
21/02/2013 * |
41,950,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B68847631 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Factory building
- Machinery
- Motor car
- Motor truck
- Ship
- Furniture
- Office equipment
- Computer/Software
- Electric equipment
- Motor cycle
- Rails and Trolly
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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
7 |
|
--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 |
YES |
|
--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.