MIRA INFORM REPORT
|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BAJAJ FINANCE LIMITED |
|
|
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|
Registered
Office : |
Akurdi Pune, Pune – 411035, Maharashtra |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
25.03.1987 |
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Com. Reg. No.: |
11-042961 |
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Capital
Investment / Paid-up Capital : |
Rs.497.500 Millions |
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|
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|
CIN No.: [Company
Identification No.] |
L65910MH1987PLC042961 |
|
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|
TAN No.: [Tax Deduction
& Collection Account No.] |
PNEB00001B |
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PAN No.: [Permanent
Account No.] |
AABCB1518L |
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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
: |
The Company is engaged primarily in the business of financing. |
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No. of Employees
: |
3975 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealing 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 |
CRISIL |
|
Rating |
Long Term Rating=AA+ |
|
Rating Explanation |
High Degree of safety and very low credit
risk. |
|
Date |
07.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
07.04.2014 |
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 (91-20-50405700)
LOCATIONS
|
Registered Office : |
Akurdi Pune, Pune – 411035, Maharashtra, India |
|
Tel. No.: |
91-20-50405700 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Corporate Office : |
4th Floor, Finserv Corporate Office, Off Pune-Ahmednagar
Road, Viman Nagar, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-30405060 |
|
Fax No.: |
91-20-30405020 / 30 |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Rahul Bajaj |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Nanoo Pamnani |
|
Designation : |
Vice Chairman |
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|
Name : |
Mr. Sanjiv Bajaj |
|
Designation : |
Vice Chairman |
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|
Name : |
Mr. Madhur Bajaj |
|
Designation : |
Director |
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|
Name : |
Mr. Rajiv Bajaj |
|
Designation : |
Director |
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|
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|
Name : |
Mr. D S Mehta |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. D J Balaji Rao |
|
Designation : |
Director |
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|
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|
Name : |
Mr. Omkar Goswami |
|
Designation : |
Director |
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|
Name : |
Mr. Dipak Poddar |
|
Designation : |
Director |
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|
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|
Name : |
Mr. Ranjan Sanghi |
|
Designation : |
Director |
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|
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|
Name : |
Mr. Rajendra Lakhotia |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Gita Piramal |
|
Designation : |
Director (w.e.f. 27 March 2014) |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev Jain |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Anant Damle |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 31.03.2014
|
Category
of Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
Bodies Corporate |
30857857 |
61.54 |
|
|
37200 |
0.07 |
|
|
37200 |
0.07 |
|
|
30895057 |
61.61 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
30895057 |
61.61 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
3792613 |
7.56 |
|
|
17683 |
0.04 |
|
|
5856833 |
11.68 |
|
|
9667129 |
19.28 |
|
|
|
|
|
|
3630885 |
7.24 |
|
|
|
|
|
|
3384899 |
6.75 |
|
|
1982974 |
3.95 |
|
|
581390 |
1.16 |
|
|
100054 |
0.20 |
|
|
393321 |
0.78 |
|
|
31090 |
0.06 |
|
|
56925 |
0.11 |
|
|
9580148 |
19.11 |
|
Total Public shareholding (B) |
19247277 |
38.39 |
|
Total (A)+(B) |
50142334 |
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) |
50142334 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Category
of Shareholder |
No. of Shares |
Percentage
of Holding |
|
Bajaj Finserv Limited |
3,08,56,613 |
61.54 |
|
Jamnalal Sons Private Limited |
94 |
0.00 |
|
Rahulkumar Bajaj |
18,600 |
0.04 |
|
Madhur Bajaj |
18,600 |
0.04 |
|
Bajaj Auto Employees Welfare Fund No.1 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.2 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.3 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.4 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.5 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.6 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.7 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.8 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.9 |
115 |
0.00 |
|
Bajaj Auto Employees Welfare Fund No.10 |
115 |
0.00 |
|
Total |
3,08,95,057 |
61.61 |
(*) The term encumbrance has the same meaning as assigned to
it in regulation 28(3) of the SAST Regulations, 2011.
Shareholding of securities (including shares, warrants, convertible
securities) of persons belonging to the category Public and holding more than
1% of the total number of shares
|
Category
of Shareholder |
No. of Shares |
Percentage
of Holding |
|
Maharashtra Scooters Limited |
1897466 |
3.78 |
|
HDFC Standard Life Insurance Company Limited |
813906 |
1.62 |
|
Acacia Partners Lp |
608000 |
1.21 |
|
Total |
3319372 |
6.62 |
Details of Locked-in Shares
|
Category
of Shareholder |
No. of Shares |
Percentage
of Holding |
|
Bajaj Finserv Limited |
60,00,000 |
11.97 |
|
Total |
60,00,000 |
11.97 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged primarily in the business of financing. |
GENERAL INFORMATION
|
No. of Employees : |
3975 (Approximately) |
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Bankers : |
·
Central Bank of India ·
State Bank of India ·
IDBI Bank Limited ·
Syndicate Bank ·
Bank of India |
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Dalal and Shah Chartered Accountants |
|
|
|
|
Holding company
: |
Bajaj Finserv Limited |
|
|
|
|
Fellow
subsidiary : |
·
Bajaj Allianz Life Insurance Company Limited ·
Bajaj Allianz General Insurance Company Limited ·
Bajaj Financial Solutions Limited ·
Bajaj Financial Securities Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50142334 |
Equity Shares |
Rs.10/- each |
Rs.501.400 Millions |
|
|
Less: 393,581 equity shares of H 10 each held in a Trust for employees
under ESOP Scheme |
|
Rs.3.900 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.497.500
Millions |
a)
Reconciliation of
the shares outstanding at the beginning and at the end of the year
|
Equity Shares |
Number
of Shares |
Rs. In Millions |
|
At the beginning
of the year (subscribed and paid up) |
49778334 |
497.800 |
|
Add: Issued
during the year - Employee Stock Option Plan |
364000 |
3.600 |
|
Add: Allotment
on conversion of preferential warrants |
-- |
-- |
|
Add: Issue of shares on rights basis |
-- |
-- |
|
|
50142334 |
501.400 |
|
Less: Equity
shares held in trust for employees under ESOP scheme (See foot note ‘e’
below) |
393581 |
3.900 |
|
Outstanding at the end of the year |
49748753 |
497.500 |
b)
Terms/rights attached to equity shares
The Company has only
one class of equity shares having a par value of H 10 per share. Each holder of
equity shares is entitled to one vote per share. The dividend proposed by the
Board of Directors and approved by the shareholders in the Annual General
Meeting is paid in Indian Rupees. In the event of liquidation of the Company,
the holders of equity shares will be entitled to receive remaining assets of
the Company, after distribution of all preferential amounts. The distribution
will be in proportion to the number of equity shares held by the shareholders.
Equity shares allotted on conversion of preferential warrants, i.e. 4,690,000
and 1,310,000 equity shares are restricted from transfer other than inter se
promoter group upto 28 March 2015 and 10 December 2015 respectively.
c)
Shares held by holding company (Face value Rs.10)
|
Particulars |
Number
of Shares |
Rs. In Millions |
|
Bajaj Finserv
Limited |
30856613 |
308.600 |
d)
Details of shareholders holding more than 5% shares
in the Company
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Equity shares of
Rs.10 each fully paid |
|
|
|
Bajaj Finserv Limited |
30856613 |
61.54% |
e)
Shares reserved for issue under Employee Stock
Option Plan:
1,829,803 Equity Shares
(i.e. 5% of the then paid up equity share capital) have been approved/reserved
for issue under Employee Stock Option Plan, 2009 of the Company drawn in
accordance with SEBI (Employee Stock Option Scheme and Employee Stock Purchase
Scheme) Guidelines, 1999 (SEBI guidelines), of which 1,609,080 (upto 31 March
2013: 1,194,450) equity shares have been granted as per the scheme and 787,000
(upto 31 March 2013: 423,000) thereof have been issued and alloted to ESOP
trust, viz. BFL Employee Welfare Trust, upto 31 March 2014. Consequent to the
opinion expressed by the “Expert Advisory Committee” of the Institute of
Chartered Accountants of India on the applicability of clause 22A.1 of the SEBI
guidelines, the balance unexercised equity shares held by the trust at the
close of the year amounting to 393,581 (as at 31 March 2013: 237,957) have been
reduced against the share capital of the Company as if the trust is
administered by the Company itself. The securities premium related to the
unexercised equity shares held by the trust as at the close of the year
aggregating Rs.290,098,680 (as at 31 March 2013: Rs.148,153,326) has also been
reduced from securities premium account and adjusted against the Loans
outstanding from the Trust.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
497.500 |
495.400 |
413.200 |
|
(b) Reserves & Surplus |
39411.100 |
33024.400 |
19709.300 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
213.200 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
39908.600 |
33519.800 |
20335.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
104777.600 |
75030.800 |
64078.600 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
573.500 |
419.900 |
285.400 |
|
(d) long-term
provisions |
1104.700 |
646.100 |
322.500 |
|
Total Non-current
Liabilities (3) |
106455.800 |
76096.800 |
64686.500 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
54727.800 |
20801.400 |
27945.600 |
|
(b) Trade
payables |
1959.200 |
1747.800 |
1741.900 |
|
(c) Other
current liabilities |
41868.500 |
44968.100 |
13958.400 |
|
(d) Short-term
provisions |
1260.100 |
928.800 |
621.100 |
|
Total Current
Liabilities (4) |
99815.600 |
68446.100 |
44267.000 |
|
|
|
|
|
|
TOTAL |
246180.000 |
178062.700 |
129289.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1968.400 |
1644.300 |
1281.300 |
|
(ii)
Intangible Assets |
230.300 |
117.800 |
106.600 |
|
(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 |
0.000 |
52.600 |
54.800 |
|
(c) Deferred tax assets (net) |
1391.600 |
903.700 |
691.600 |
|
(d) Long-term Loan and Advances |
1124.400 |
728.000 |
717.500 |
|
(e) Receivables
under financing activity |
138524.200 |
95481.900 |
65692.100 |
|
Total Non-Current
Assets |
143238.900 |
98928.300 |
68543.900 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
282.100 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Receivables under financing activity |
91185.300 |
71954.500 |
57138.800 |
|
(d) Cash
and cash equivalents |
7768.100 |
4163.700 |
598.300 |
|
(e)
Short-term loans and advances |
2918.400 |
2334.200 |
2248.100 |
|
(f) Other
current assets |
787.200 |
682.000 |
760.100 |
|
Total
Current Assets |
102941.100 |
79134.400 |
60745.300 |
|
|
|
|
|
|
TOTAL |
246180.000 |
178062.700 |
129289.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
40,314.200 |
30,920.100 |
21,630.200 |
|
|
|
Other Income |
419.100 |
176.500 |
88.900 |
|
|
|
TOTAL (A) |
40,733.300 |
31,096.600 |
21,719.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
3,408.100 |
2,451.500 |
1,903.500 |
|
|
|
Loan losses and provisions |
2,578.100 |
1,817.500 |
1,543.800 |
|
|
|
Other expenses |
7,811.200 |
5,859.200 |
4,670.100 |
|
|
|
TOTAL (B) |
13,797.400 |
10,128.200 |
8,117.400 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26,935.900 |
20,968.400 |
13,601.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15,732.400 |
12,056.800 |
7,461.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11,203.500 |
8,911.600 |
6,139.900 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
291.900 |
195.600 |
117.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10,911.600 |
8,716.000 |
6,022.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3,721.500 |
2,802.900 |
1,957.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7,190.100 |
5,913.100 |
4,064.400 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7643.600 |
4413.100 |
2151.400 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to reserve fund in terms of section 45IC(1) of the Reserve
Bank of India Act, 1934 |
1440.000 |
1190.000 |
815.000 |
|
|
|
Transfer to general reserve |
720.000 |
600.000 |
410.000 |
|
|
|
Transfer to infrastructure reserve in terms of section 36 (1) (viii)
of the Income Tax Act, 1961 |
16.000 |
19.000 |
1.500 |
|
|
|
Proposed dividend |
802.300 |
746.700 |
495.800 |
|
|
|
Provision for dividend tax on dividend |
136.300 |
126.900 |
80.400 |
|
|
BALANCE CARRIED
TO THE B/S |
11719.100 |
7643.600 |
4413.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
144.79 |
135.88 |
107.72 |
|
|
|
Diluted |
143.65 |
134.56 |
107.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
17.65 |
19.02 |
18.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
27.07 |
28.19 |
27.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.46 |
4.92 |
4.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.26 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.00 |
2.86 |
4.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.16 |
1.37 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
413.200 |
495.400 |
497.500 |
|
Reserves & Surplus |
19709.300 |
33024.400 |
39411.100 |
|
Money received against
share warrants |
213.200 |
0.000 |
0.000 |
|
Net
worth |
20335.700 |
33519.800 |
39908.600 |
|
|
|
|
|
|
long-term borrowings |
64078.600 |
75030.800 |
104777.600 |
|
Short term borrowings |
27945.600 |
20801.400 |
54727.800 |
|
Total
borrowings |
92024.200 |
95832.200 |
159505.400 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
21,630.200 |
30,920.100 |
40,314.200 |
|
|
|
42.949 |
30.382 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales
|
21,630.200 |
30,920.100 |
40,314.200 |
|
Profit |
4,064.400 |
5,913.100 |
7,190.100 |
|
|
18.79% |
19.12% |
17.84% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Secured Loans |
34413.300 |
31850.000 |
5300.000 |
|
Unsecured Loans |
3577.200 |
3650.100 |
4940.100 |
|
|
|
|
|
|
Total |
38021.7313 |
35531.3312 |
10271.3311 |
|
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
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
BUSINESS PERFORMANCE
The
gross deployments of the Company for FY2014 were Rs.260240.000 Millions as
against Rs.193670.000 Millions for FY2013.
MANAGEMENT
DISCUSSION AND ANALYSIS
Financial
year 2013-14 (FY2014) was a difficult one for India’s economy. Growth during
2012-13 (FY2013) was 4.5%. Thereafter, the first three quarters of FY2014
continued seeing low growth: 4.4% in Q1; 4.8% in Q2; and 4.7% in Q3. The
Central Statistical Organisation (CSO) has estimated full year growth for
FY2014 at 4.9%. Thus, it will be two consecutive years of sub-5% growth – the
country’s worst performance for very long.
Low
growth was not the only economic issue. Inflation remained sticky throughout
FY2014 as well. Consumer price inflation (CPI), a key component of determining
monetary policy, fluctuated between 10.39% in April 2013 and 8.31% in March
2014. Such volatility made a stable monetary stance difficult.
The
year began on a sombre note. The tapering announcement by the US Federal
Reserve coupled with global slowdown resulted in huge pressures on capital
flows and depreciation of the rupee. The situation was further exacerbated by
high inflation and a very high current account deficit (CAD). The Reserve Bank
of India (RBI) responded swiftly by tightening monetary policy.
Short
term interest rates were raised by increasing the marginal standing facility
(MSF) rate by 200 basis points (bps) and curtailing liquidity.
As
global and local markets stabilised by Q3, the RBI eased tight liquidity
conditions by lowering the MSF rate by 150 bps in three steps. However, it
maintained its hawkish stance on containing inflation and raised policy rates
by 75 bps in the second half of FY2014. The government’s actions on placing
import restrictions on gold also helped rein in the CAD from 4.2% to 2.3% of
GDP.
FY2014
was difficult for the banking sector owing to low growth, volatile interest
rate environment and high NPAs.
However,
retail finance continued its strong performance owing to low consumer leverage
and large untapped demand. A clear demographic shift in favour of a younger
population aspiring for a better lifestyle should continue to drive strong
demand for all retail finance products for the foreseeable future.
Non-banking
finance companies (NBFCs) continued to play a critical role in making financial
services accessible to a wider set of India’s population. Given their unique
business models and, for many, their focus on operational excellence, NBFCs
should continue to strengthen their position in the financial services space in
India.
Bajaj
Finance Limited (‘Bajaj Finance’ or ‘BFL’) had a strong year aided by robust
volume growth, prudent operating cost management and low NPAs. With assets
under management of Rs.24,0610.000 Millions, BFL today, has emerged as one of
the leading, diversified NBFCs in the country.
The
Company delivered strong results in FY2014, the highlights of which are given
below.
·
Assets under management up 37% to
Rs.24,0610.000 Millions
·
Receivables under financing up 37% to H
22,971 Millions
·
Deployment up 34% to H 26,024 Millions
·
Total income up 31% to H 4,073 Millions
·
Total operating cost up 35% to H 1,151
Millions
·
Loan losses and provisions H 258
Millions *
·
Profit before tax up 25% to H 1,091
Millions
·
Profit after tax up 22% to H 719
Millions
·
Capital adequacy as on 31 March 2014
19.14%, which is well above the RBI norms
* BFL
continued to strengthen its provisioning standards, and is among the most
prudent NBFCs in India. In the current year, it further strengthened
provisioning, and took an accelerated provisioning impact of Rs.384.000
Millions.
Adjusting for accelerations in both years, the loan loss and
provisions would have increased by 33% in FY2014.
AWARDS AND ACCREDITATION
·
First prize for QIMPRO quality award
for its ‘Mortgage Easy Dox Project’.
·
CMMI Level 3 certification for its back
office processes by CMMI Institute.
·
Recognised as top employer in India by
Aon Hewitt and GPTW.
BUSINESS OUTLOOK
Subject
expects to maintain its performance in FY2015 and hopes to grow at a rate
faster than the growth of bank credit. The approach would be to continue with
the growth momentum while balancing risk. As before, it will continue to invest
in strengthening risk management practices; and in maintaining its investment
in technology and human resources to consolidate its position as a leading NBFC
in India.
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Millions |
31.03.2013 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
Privately placed redeemable non-convertible debentures |
0.000 |
3100.000 |
|
Privately placed
Subordinated (Tier II) redeemable non-convertible debentures of Rs.0.100.000
Millions each |
5358.000 |
4858.000 |
|
Term loans from banks |
2000.000 |
0.000 |
|
Fixed deposits |
1629.900 |
3.800 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
– Overdraft facility |
158.800 |
245.600 |
|
– Term loans |
0.000 |
2500.000 |
|
Borrowings by issue of Commercial Papers |
25822.500 |
10570.000 |
|
|
|
|
|
Total |
34969.200 |
21277.400 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10494385 |
25/04/2014 |
3,310,000,000.00 |
GDA TRUSTEESHIP
LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & 95, BHUSARI COLONY (RIGHT),
KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C04175105 |
|
2 |
10494370 |
15/04/2014 |
1,290,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA HOUSE,
FIRST FLOOR, PLOT NO. 85, S. NO. 94 & 95, BHUSARI COLONY (RIGHT),
KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C04163416 |
|
3 |
10494365 |
11/04/2014 |
1,000,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & 95, BHUSARI COLONY (RIGHT),
KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C04162350 |
|
4 |
10490756 |
28/03/2014 |
2,000,000,000.00 |
SYNDICATE
BANK |
202,
GAWADE ESTATE,, MUMBAI PUNE ROAD, CHINCHWAD, |
C03935657 |
|
5 |
10494746 |
28/03/2014 |
3,000,000,000.00 |
AXIS
BANK LIMITED |
CORPORATE
BANKING BRANCH, 214-215, CITY MALL,, NEAR PUNE UNIVERSITY, GANESHKHIND ROAD,
PUNE, MAHARASHTRA - 411007, INDIA |
C04551958 |
|
6 |
10491022 |
27/03/2014 |
1,000,000,000.00 |
GDA TRUSTEESHIP
LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & 95, BHUSARI COLONY (RIGHT),
KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C03282183 |
|
7 |
10495493 |
21/03/2014 |
5,000,000,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, 'THE ARCADE', 2ND FLOOR, WORLD TRADE CENTRE, CUFFE PARADE,
COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C04717203 |
|
8 |
10496354 |
21/03/2014 |
6,000,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, GROUND FLOOR, MAKER TOWER |
C05010632 |
|
9 |
10494242 |
20/03/2014 |
500,000,000.00 |
THE
FEDERAL BANK LTD |
FORT
BRANCH, 32,, BOMBAY SAMACHAR MARG FORT,, MUM |
C04168043 |
|
10 |
10490971 |
20/03/2014 |
1,500,000,000.00 |
ORIENTAL
BANK OF COMMERCE LIMITED |
OBC
TOWER, 917 - 20/20A, FERGUSSON COLLEGE ROAD, |
C03985827 |
|
11 |
10485406 |
19/03/2014 |
1,108,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA HOUSE,
FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
C00605709 |
|
12 |
10483329 |
12/03/2014 |
4,345,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B98618184 |
|
13 |
10483313 |
11/03/2014 |
1,000,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B98617319 |
|
14 |
10481664 |
28/02/2014 |
2,186,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B97984868 |
|
15 |
10480797 |
13/02/2014 |
1,800,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B97633986 |
|
16 |
10476159 |
30/01/2014 |
3,500,000,000.00 |
CORPORATION
BANK |
ADITI
COMMERCE CENTRE, H- 2406 GEN. THIMAYYA RD, |
B95722880 |
|
17 |
10478224 |
30/01/2014 |
5,000,000,000.00 |
BANK
OF INDIA |
SUSHILP,
1290, SHIVAJINAGAR, OPP. HOTEL SWAN INN,, |
B96656236 |
|
18 |
10479646 |
28/01/2014 |
500,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B97145635 |
|
19 |
10479644 |
21/01/2014 |
1,250,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B97144687 |
|
20 |
10476442 |
09/01/2014 |
2,705,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B95453213 |
|
21 |
10477058 |
31/12/2013 |
2,500,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B96137104 |
|
22 |
10471580 |
27/12/2013 |
1,000,000,000.00 |
ALLAHABAD
BANK |
INTERNATIONAL
BRANCH, OFFICE NO - 4,GROUND FLOOR,, |
B94011749 |
|
23 |
10471581 |
27/12/2013 |
5,000,000,000.00 |
CENTRAL
BANK OF INDIA |
CORPORATE
FINANCE BRANCH, MMO BUILDING, 1ST FLOOR, |
B94012085 |
|
24 |
10464118 |
03/12/2013 |
2,000,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
OBC TOWER,
917 - 20/20A, FERGUSSON COLLEGEROAD, PUNE, MAHARASHTRA - 411004, INDIA |
B91091298 |
|
25 |
10464412 |
03/12/2013 |
2,000,000,000.00 |
BANK
OF MAHARASHTRA |
INDUSTRIAL
FINANCE BRANCH, APEEJAY HOUSE, 130,, D R. V.B. GANDHI MARG, FORT,, MUMBAI, MAHARASHTRA
- 400001, INDIA |
B91218776 |
|
26 |
10467882 |
03/12/2013 |
3,000,000,000.00 |
UCO
BANK |
FLAGSHIP
CORPORATE BRANCH, 1ST FLOOR, MAFATLAL CENTRE, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
B92632595 |
|
27 |
10460927 |
20/11/2013 |
5,000,000,000.00 |
UNION
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, 619 SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
B89812952 |
|
28 |
10468512 |
20/11/2013 |
6,000,000,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, "THE ARCADE" 2ND FLOOR, |
B92852086 |
|
29 |
10469066 |
16/10/2013 |
3,600,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B89092449 |
|
30 |
10453215 |
07/01/2014
* |
2,000,000,000.00 |
BANK
OF INDIA |
SUSHILP,
1290, SHIVAJINAGAR, OPP. HOTEL SWAN INN,, |
B95452637 |
|
31 |
10452573 |
26/09/2013 |
4,000,000,000.00 |
BANK
OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, FORT, 4TH FL |
B86481587 |
|
32 |
10450702 |
02/09/2013 |
5,000,000,000.00 |
SYNDICATE
BANK |
CHINCHWAD
BRANCH, 202, GAWADE ESTATE, MUMBAI - PUNE ROAD,CHINCHWAD, PUNE, MAHARASHTRA -
411019, INDIA |
B85598332 |
|
33 |
10448568 |
26/08/2013 |
1,500,000,000.00 |
VIJAYA
BANK |
CORPORATE
BKG BRANCH, PUNE, VINAYAK NIVAS, 3RD FL |
B84791870 |
|
34 |
10449242 |
26/08/2013 |
5,000,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH, 11 M.G. ROAD, 1ST FLOOR,, |
B85092799 |
|
35 |
10438508 |
27/06/2013 |
350,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B79877072 |
|
36 |
10439854 |
27/06/2013 |
500,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B79878435 |
|
37 |
10439463 |
27/06/2013 |
740,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B79881470 |
|
38 |
10439857 |
27/06/2013 |
1,000,000,000.00 |
GDA TRUSTEESHIP
LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B79879896 |
|
39 |
10427172 |
02/05/2013 |
1,750,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA HOUSE,
FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B75354787 |
|
40 |
10426368 |
02/05/2013 |
5,000,000,000.00 |
CANARA
BANK |
PRIME
CORPORATE BRANCH, 11 M.G. ROAD, 1ST FLOOR,, |
B75355206 |
|
41 |
10417171 |
11/03/2013 |
1,000,000,000.00 |
UNITED
BANK OF INDIA |
CORPORATE
FINANCE BRANCH, 11, HEMANTA BASU SARANI |
B72429798 |
|
42 |
10414569 |
06/02/2013 |
250,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B68897115 |
|
43 |
10414568 |
06/02/2013 |
2,700,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B68895416 |
|
44 |
10414572 |
06/02/2013 |
3,000,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA HOUSE,
FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B68898113 |
|
45 |
10395988 |
12/12/2012 |
1,250,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B64824444 |
|
46 |
10395986 |
12/12/2012 |
3,000,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B64823883 |
|
47 |
10393839 |
26/11/2012 |
1,000,000,000.00 |
STATE
BANK OF HYDERABAD |
CORPORATE
FINANCE BRANCH, 11-C, MITTAL TOWER, 210, |
B64825094 |
|
48 |
10392292 |
26/11/2012 |
2,000,000,000.00 |
STATE
BANK OF TRAVANCORE |
DECCAN
GYMKHANA BRANCH, 1248 A, FERGUSSON COLLEGE |
B64259625 |
|
49 |
10383921 |
11/10/2012 |
2,150,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B60704368 |
|
50 |
10377086 |
07/09/2012 |
3,000,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B57857179 |
|
51 |
10366456 |
28/06/2012 |
2,000,000,000.00 |
STATE
BANK OF BIKANER & JAIPUR |
CNW BRANCH,
239, P D MELLO ROAD, OPPOSITE GPO, FO |
B44144780 |
|
52 |
10359179 |
26/09/2013
* |
3,000,000,000.00 |
SYNDICATE
BANK |
CHINCHWAD
BRANCH, 202, GAWADE ESTATE, MUMBAI - P |
B85598894 |
|
53 |
10359164 |
29/05/2012 |
3,000,000,000.00 |
UCO
BANK |
FLAGSHIP
CORPORATE BRANCH, 1ST FLOOR, MAFATLAL CE |
B41017583 |
|
54 |
10359413 |
29/05/2012 |
5,000,000,000.00 |
CENTRAL
BANK OF INDIA |
CORPORATE
FINANCE BRANCH, MMO BUILDING, 1ST FLOOR, |
B41125220 |
|
55 |
10358928 |
23/05/2012 |
550,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B40611808 |
|
56 |
10358927 |
23/05/2012 |
1,880,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA HOUSE,
FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B40610891 |
|
57 |
10356131 |
26/04/2012 |
5,000,000,000.00 |
UNION
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, 619 SACHAPIR STREET, C |
B39762539 |
|
58 |
10350328 |
16/04/2012 |
650,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
SHRINIWAS
1202/29SHIWAJINAGAR, PUNE, MAHARASHTRA - |
B37624400 |
|
59 |
10350327 |
16/04/2012 |
962,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
SHRINIWAS
1202/29SHIWAJINAGAR, PUNE, MAHARASHTRA - |
B37622180 |
|
60 |
10347913 |
20/03/2012 |
1,000,000,000.00 |
BANK
OF MAHARASHTRA |
INDUSTRIAL
FINANCE BRANCH, APEEJAY HOUSE, 130,, D R. V.B. GANDHI MARG, FORT,, MUMBAI,
MAHARASHTRA - |
B37062502 |
|
61 |
10346152 |
20/03/2012 |
1,500,000,000.00 |
STATE
BANK OF PATIALA |
ATLANTA,
1ST FLOOR, JAMNALAL BAJAJ MARG, NARIMAN |
B36523413 |
|
62 |
10343513 |
19/03/2012 |
857,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
SHRINIWAS
1202/29SHIWAJINAGAR, PUNE, MAHARASHTRA - |
B35100684 |
|
63 |
10340707 |
22/02/2012 |
1,000,000,000.00 |
STATE
BANK OF TRAVANCORE |
PUNE
DECCAN GYMKHANA BRANCH, 1248 A, FERGUSSON CO |
B34375477 |
|
64 |
10340572 |
22/02/2012 |
3,000,000,000.00 |
INDIAN
BANK |
MUMBAI
FORT BRANCH, UNITED INDIA BUILDING, SIR P. |
B34320697 |
|
65 |
10336301 |
30/01/2012 |
3,000,000,000.00 |
DENA
BANK |
CORPORATE
BUSINESS BRANCH, C-10, G- BLOCK,, BANDR |
B32434144 |
|
66 |
10329065 |
27/12/2011 |
2,000,000,000.00 |
ALLAHABAD
BANK |
INTERNATIONAL
BRANCH, ARCADE, TOWER -4,, 2ND FLOOR, WORLD TRADE CENTRE, CUFFE PARADE,, MUMBAI,
MAHARASHTRA - 400005, INDIA |
B29571965 |
|
67 |
10329851 |
22/12/2011 |
1,000,000,000.00 |
BANK
OF MAHARASHTRA |
INDUSTRIAL
FINANCE BRANCH, APEEJAY HOUSE, 130,, D R. V.B. GANDHI MARG, FORT,, MUMBAI,
MAHARASHTRA - |
B29919008 |
|
68 |
10328851 |
22/12/2011 |
1,500,000,000.00 |
CORPORATION
BANK |
ADITI
COMMERCE CENTRE, 2406 GEN THIMAYYA RD, EAST |
B29636065 |
|
69 |
10329309 |
22/12/2011 |
1,500,000,000.00 |
VIJAYA
BANK |
CORPORATE
BKG BRANCH, PUNE, VINAYAK NIVAS, 3RD FL |
B29737749 |
|
70 |
10319737 |
23/11/2011 |
1,000,000,000.00 |
STATE
BANK OF TRAVENCORE |
PUNE
DECCAN GYMKHANA BRANCH, 1248 A, FERGUSSON CO |
B26112748 |
|
71 |
10316253 |
22/10/2011 |
2,000,000,000.00 |
STATE
BANK OF BIKANER & JAIPUR |
CNW
BRANCH, 239, P D MELLO ROAD, OPPOSITE GPO, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
B24783227 |
|
72 |
10314529 |
15/10/2011 |
1,000,000,000.00 |
ALLAHABAD
BANK |
INTERNATIONAL
BRANCH, ARCADE, TOWER -4,, 2ND FLOO |
B24067902 |
|
73 |
10307538 |
21/09/2011 |
1,500,000,000.00 |
STATE
BANK OF MYSORE |
224,
MITTAL COURT 'C' WING,, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B21119078 |
|
74 |
10308531 |
21/09/2011 |
2,000,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
OBC
TOWER, 917 - 20/20A, FERGUSSON COLLEGEROAD, P |
B21710926 |
|
75 |
10310565 |
21/09/2011 |
3,000,000,000.00 |
INDIAN
BANK |
MUMBAI
FORT BRANCH, UNITED INDIA BUILDING, SIR P. |
B22701957 |
|
76 |
10304518 |
11/08/2011 |
3,000,000,000.00 |
UCO
BANK |
FLAGSHIP
CORPORATE BRANCH, 1ST FLOOR, MAFATLAL CE |
B19750223 |
|
77 |
10281262 |
20/06/2011
* |
2,500,000,000.00 |
CENTRAL
BANK OF INDIA |
CORPORATE
FINANCE BRANCH,MMO BUILDING, 1ST FLOOR,, |
B18251637 |
|
78 |
10281260 |
28/03/2014
* |
18,000,000,000.00 |
CENTRAL
BANK OF INDIA |
CORPORATE
FINANCE BRANCH, MMO BUILDING, 1ST FLOOR, |
C04638151 |
|
79 |
10254951 |
22/12/2010 |
250,000,000.00 |
GDA
TRUSTEE AND CONSULTANCY LIMITED |
SHRINIWAS
1202/29SHIWAJINAGAR, PUNE, MAHARASHTRA - |
B01530179 |
|
80 |
10254947 |
22/12/2010 |
2,500,000,000.00 |
GDA
TRUSTEE AND CONSULTANCY LIMITED |
SHRINIWAS
1202/29SHIWAJINAGAR, PUNE, MAHARASHTRA - |
B01528629 |
|
81 |
10245395 |
06/10/2010 |
500,000,000.00 |
GDA
TRUSTEE AND CONSULTANCY LIMITED |
SHRINIWAS
1202/29SHIWAJINAGAR, PUNE, MAHARASHTRA - |
A96010483 |
|
82 |
10244413 |
07/01/2014
* |
500,000,000.00 |
BANK
OF INDIA |
SUSHILP,
1290, SHIVAJINAGAR, OPP. HOTEL SWAN INN,, |
B94310166 |
|
83 |
10058658 |
21/02/2013
* |
3,000,000.00 |
GDA
TRUSTEESHIP LIMITED |
GDA
HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 & |
B68987734 |
*Date of modification Charges
FIXED ASSETS:
·
Plant and Machinery
·
Land freehold
·
Building
·
Computers
·
Office equipments
·
Furniture and fixtures
·
Vehicles
·
Specialised software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 |
|
UK Pound |
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
60 |
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.