MIRA INFORM REPORT
|
Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PATIL RAIL INFRASTRUCTURE PRIVATE LIMITED (w.e.f. 16.01.2007) |
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Formerly Known
As : |
PATIL RAIL INFRASTRUCTURE LIMITED (w.e.f. 02.04.2004) PATIL VOSSLOH RAIL FASTNERS LIMITED |
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Registered
Office : |
6-3-1239/B/111, 4th Floor, Renuka Enclave, Raj Bhavan
Road, Somajiguda, Hyderabad – 500082, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
25.04.1996 |
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Com. Reg. No.: |
01-023894 |
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Capital
Investment / Paid-up Capital : |
Rs.243.469 Millions |
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CIN No.: [Company Identification
No.] |
U60100AP1996PTC023894 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
HYDP04603E |
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PAN No.: [Permanent Account No.] |
AADCP8340E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Railway Sleepers.
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by thin profitability
margin and increased in external borrowing of the company over previous year. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 |
FITCH |
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Rating |
Long Term Issuer Rating = BB |
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Rating Explanation |
Rating indicate a devoted vulnerability to
default risk. |
|
Date |
20.01.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Archana |
|
Designation : |
Accounts Executive |
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Contact No.: |
91-40-39556700 |
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Date : |
29.04.2014 |
LOCATIONS
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Registered Office / Corporate Office 1 : |
6-3-1239/B/111, 4th Floor, Renuka Enclave, Raj Bhavan
Road, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India |
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Tel. No.: |
91-40-44556700 / 6800 / 27805759 |
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Fax No.: |
91-40-44556750 / 6890 / 27800936 |
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E-Mail : |
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Website : |
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Head Office : |
Flat No.205 and 206, Amarchand Sharma Complex, S.P. Road, Secunderabad
– 500 003, Andhra Pradesh, India |
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Tel. No.: |
91-40-39556800 / 27805759 / 39556700 |
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Fax No.: |
91-40-39556750 |
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Factory 1 : |
Udava Rly Quarry Area, NH- 8, Udava post (RS), Valsad District – 396185, Gujarat, India |
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Tel. No.: |
91-8452-225134 |
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Fax No.: |
91-8452-225134 |
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Factory 2 : |
Udwada Railway Quarry Area, NH – 8, PO Udwada (R.S.)
District Valsad – 396 185, |
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Tel. No.: |
91-260-2340701 |
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Fax No.: |
91-260-2340040 |
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E-Mail : |
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Design and Competency Centre / Marketing Office : |
B-5/4, IInd Floor, Safdarjung Enclave, |
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Tel. No.: |
91-11-26178765 |
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Fax No.: |
91-11-26178765 |
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Regional Office : |
MDH, 4/40, Sector – H, Jankipuram, Lucknow – 226021, Uttar Pradesh, India |
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Branch Office : |
Opposite Railway Stattion, Kargi Road, Kota – 495113, Chhattisgarh, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Padmaja Patil |
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Designation : |
Director |
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Address : |
Bungalow 3 and 4, |
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Date of Birth/Age : |
27.06.1971 |
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Date of Appointment : |
30.03.2003 |
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DIN No.: |
00731574 |
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Other Directorship:
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Name : |
Mr. Lingraj Shantlingappa Patil |
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Designation : |
Director |
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Address : |
Bungalow 3 and 4, |
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Date of Birth/Age : |
31.12.1967 |
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Date of Appointment : |
29.06.1989 |
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PAN No.: |
AAIPL9444R |
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DIN No.: |
00731663 |
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Other Directorship:
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Name : |
Mr. Shatlingappa Sharnappa Patil |
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Designation : |
Director |
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Address : |
No. 1276, 18 Nehru Gunj, Gulbarga – 585104, Karnataka, India |
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Date of Birth/Age : |
07.10.1939 |
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Date of Appointment : |
06.06.2007 |
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PAN No.: |
AJRPP7701P |
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DIN No.: |
02223412 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Ms. Archana |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Lingraj Shantlingappa Patil (Beneficiary Patil Rail Services) |
5265380 |
21.63 |
|
Padmaja Patil (Beneficiary Patil Rail Services) |
4098510 |
16.83 |
|
Sangamma Patil (Beneficiary Patil Rail Services) |
695000 |
2.85 |
|
Kartikeyan Patil (Beneficiary Patil Rail Services) |
814150 |
3.34 |
|
Vaishnavi Patil (Beneficiary Patil Rail Services) |
553000 |
2.27 |
|
Lingraj Shantlingappa Patil |
12920815 |
53.07 |
|
Total |
24346855 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Railway Sleepers.
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
UAE |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Information denied by management |
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Bankers : |
State Bank of Hyderabad, Super Market Branch, Gulbarga – 585101,
Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jayant and Sadashiv Chartered Accountants |
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Address : |
404 and 405, Sanatana Eternal, Liberty Road, Himayat Nagar,
Hyderabad – 500029, Andhra Pradesh, India
|
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PAN No.: |
AABFJ9845R |
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Joint Venture : |
Patil VOssloh Rail Systems |
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Subsidiary Company
: |
CIN No.: U00339BR1963PTC000710
CIN No.: U26959PN2007PTC130624 |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24500000 |
Equity Shares |
Rs.10/- each |
Rs.245.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24346855 |
Equity Shares |
Rs.10/- each |
Rs.243.469 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 |
243.469 |
243.469 |
224.040 |
|
(b) Reserves & Surplus |
1,374.728 |
1,367.352 |
1,327.018 |
|
(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) |
1,618.197 |
1,610.821 |
1,551.058 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
467.373 |
385.632 |
362.711 |
|
(b) Deferred tax liabilities (Net) |
3.401 |
(10.456) |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
35.499 |
37.859 |
2.423 |
|
Total Non-current
Liabilities (3) |
506.273 |
413.035 |
365.134 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
643.641 |
708.471 |
85.392 |
|
(b) Trade
payables |
368.535 |
150.349 |
137.308 |
|
(c) Other
current liabilities |
513.488 |
682.883 |
122.628 |
|
(d) Short-term
provisions |
3.954 |
25.867 |
1.713 |
|
Total Current
Liabilities (4) |
1,529.618 |
1,567.570 |
347.041 |
|
|
|
|
|
|
TOTAL |
3,654.088 |
3,591.426 |
2,263.233 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1,040.958 |
1,032.986 |
185.704 |
|
(ii)
Intangible Assets |
11.251 |
14.752 |
18.251 |
|
(iii)
Capital work-in-progress |
90.891 |
80.128 |
19.279 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
442.075 |
430.023 |
517.778 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.123 |
14.263 |
1,018.489 |
|
(e) Other
Non-current assets |
0.000 |
1.582 |
0.000 |
|
Total Non-Current
Assets |
1,600.298 |
1,573.734 |
1,759.501 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
837.094 |
983.174 |
256.779 |
|
(c) Trade
receivables |
631.471 |
529.625 |
132.352 |
|
(d) Cash
and cash equivalents |
129.411 |
178.905 |
31.365 |
|
(e)
Short-term loans and advances |
447.581 |
323.843 |
45.746 |
|
(f) Other
current assets |
8.233 |
2.145 |
37.490 |
|
Total
Current Assets |
2,053.790 |
2,017.692 |
503.732 |
|
|
|
|
|
|
TOTAL |
3,654.088 |
3,591.426 |
2,263.233 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
INCOME |
2893.289 |
2695.106 |
671.347 |
|
|
|
|
|
|
|
|
EXPENSES |
635.251 |
305.108 |
665.769 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
5.421 |
59.202 |
5.578 |
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX |
7.377 |
9.165 |
5.578 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.30 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.69 |
0.68 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.29 |
1.45 |
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 |
224.040 |
243.469 |
243.469 |
|
Reserves & Surplus |
1327.018 |
1367.352 |
1374.728 |
|
Net
worth |
1551.058 |
1610.821 |
1618.197 |
|
|
|
|
|
|
long-term borrowings |
362.711 |
385.632 |
467.373 |
|
Short term borrowings |
85.392 |
708.471 |
643.641 |
|
Total
borrowings |
448.103 |
1094.103 |
1111.014 |
|
Debt/Equity
ratio |
0.289 |
0.679 |
0.687 |
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 |
|
Income |
671.347 |
2,695.106 |
2,893.289 |
|
|
|
301.448 |
7.353 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Income |
671.347 |
2,695.106 |
2,893.289 |
|
Profit |
5.578 |
9.165 |
7.377 |
|
|
0.83% |
0.34% |
0.25% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Deferred payment liabilities |
8.824 |
8.824 |
|
Loans and advances from related parties |
36.606 |
36.580 |
|
Short Term Borrowings |
|
|
|
Loans and advances from related parties |
8.874 |
128.161 |
|
Total |
54.304 |
173.565 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10481307 |
24/02/2014 |
80,000,000.00 |
RELIANCE CAPITAL LTD |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
B97939391 |
|
2 |
10480120 |
14/02/2014 |
300,000,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B97407530 |
|
3 |
10470823 |
07/03/2014 * |
300,000,000.00 |
State Bank of Hyderabad |
Industrial Finance
Branch, Topaz, Amrutha Hills, |
B98360225 |
|
4 |
10475382 |
09/12/2013 |
55,000,000.00 |
Export-Import Bank of India |
centre one building floor 21, world trade centre complex, cuffe parade, mumbai, maharashtra - 400005, india |
B95408605 |
|
5 |
10439757 |
05/07/2013 |
245,000,000.00 |
RELIANCE CAPITAL LTD |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
B80746308 |
|
6 |
10435600 |
16/05/2013 |
169,000,000.00 |
STATE BANK OF INDIA |
Gaya Regional Business Office, Gaya Main Branch Building, Near Civil Court, Gaya, Bihar - 823001, India |
B79084372 |
|
7 |
10393692 |
18/12/2012 |
250,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, India |
B64777188 |
|
8 |
10393698 |
18/12/2012 |
250,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, India |
B64778756 |
|
9 |
10393701 |
19/03/2014 * |
250,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, India |
C00468223 |
|
10 |
10393709 |
18/12/2012 |
250,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, India |
B64781669 |
|
11 |
10393710 |
18/12/2012 |
250,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, India |
B64781701 |
|
12 |
10246873 |
02/03/2013 * |
50,000,000.00 |
STATE BANK OF HYDERABAD |
Super Market Branch, Gulbarga, Karnataka - 585101, India |
B71708382 |
|
13 |
10247869 |
27/09/2010 |
25,000,000.00 |
STATE BANK OF HYDERABAD |
Super Market Branch, Gulbarga, Karnataka - 585101, India |
A97805840 |
|
14 |
10205564 |
15/03/2010 |
100,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
A80887243 |
|
15 |
10205576 |
15/03/2010 |
100,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
A80886203 |
|
16 |
10199581 |
04/01/2010 |
50,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
A78209921 |
|
17 |
10190230 |
13/03/2013 * |
120,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
B70487038 |
|
18 |
10190232 |
19/12/2009 |
100,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
A75255851 |
|
19 |
10185944 |
26/11/2009 |
90,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
A73567992 |
|
20 |
10186657 |
26/11/2009 |
90,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
A73581803 |
|
21 |
10170783 |
11/02/2013 * |
319,900,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre, Discovery Of India,, Dr. Annie Besant Road, Worli,, Mumbai, Maharashtra - 40001 8, India |
B72212897 |
|
22 |
10163778 |
01/06/2009 |
1,936,769.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A64533730 |
|
23 |
10150141 |
31/03/2009 |
50,000,000.00 |
Andhra Pradesh State Financial Corporation |
5-9-194/ Chirag Ali Lane, P.B.No: 165, Hyderabad, Andhra Pradesh - 500001, India |
A59547240 |
|
24 |
10151261 |
31/03/2009 |
50,000,000.00 |
Andhra Pradesh State Financial Corporation |
5-9-194/ Chirag Ali Lane, P.B.No: 165, Hyderabad, Andhra Pradesh - 500001, India |
A59546861 |
|
25 |
10180436 |
21/03/2014 * |
100,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
C00512228 |
|
26 |
10144817 |
12/03/2010 * |
90,000,000.00 |
Infrastructure Development Finance Company Limited |
ITC Centre, 3rd
Floor760, Anna Salai,, Chennai - |
A81776668 |
|
27 |
10144822 |
19/03/2014 * |
410,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, India |
C00467407 |
|
28 |
10144832 |
12/03/2010 * |
410,000,000.00 |
Infrastructure Development Finance Company Limited |
ITC Centre, 3rd Floor760, Anna Salai, Chennai - 600 002, , Tamil Nadu, India |
A81775801 |
|
29 |
10144837 |
19/03/2014 * |
90,000,000.00 |
IDFC Limited |
KRM Tower, 8th Floor,, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu - 600031, INDIA |
C00467886 |
|
30 |
10144783 |
02/03/2009 * |
410,000,000.00 |
Infrastructure Development Finance Company Limited |
ITC Centre, 3rd Floor760, Anna Salai, Chennai - 600 002, , Tamil Nadu, India |
A57846123 |
|
31 |
10144782 |
02/03/2009 * |
90,000,000.00 |
Infrastructure Development Finance Company Limited |
ITC Centre, 3rd Floor760, Anna Salai, Chennai - 600 002, , Tamil Nadu, India |
A57846842 |
|
32 |
10146783 |
16/02/2009 |
410,000,000.00 |
Infrastructure Development Finance Company Limited |
ITC Centre, 3rd Floor760, Anna Salai, Chennai - 600 002, , Tamil Nadu, India |
A57635617 |
|
33 |
10147222 |
16/02/2009 |
90,000,000.00 |
Infrastructure Development Finance Company Limited |
ITC Centre, 3rd Floor760, Anna Salai, Chennai - 600 002, , Tamil Nadu, India |
A57527889 |
|
34 |
10137814 |
13/12/2008 |
955,200.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A54685664 |
|
35 |
90262694 |
25/05/2005 |
495,384.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
- |
|
36 |
90124693 |
05/08/1998 * |
14,000,000.00 |
SICOM LIMITED |
Nirmal; 1st Floor Nariman Point, Mumbai, Maharashtra - 400021, India |
- |
|
37 |
90120036 |
01/09/1982 * |
5,100,000.00 |
SYNDICATE BANK |
Ramdas Peth , Nagpur, Maharashtra - 440010, India |
- |
|
38 |
90120027 |
08/12/1981 |
250,000.00 |
SYNDICATE BANK |
92; Canal Road, Ramdaspeth, Nagpur, Andhra Pradesh, India |
- |
|
39 |
90120026 |
06/11/1981 |
3,150,000.00 |
The State Indl. And Inve. Corp. Of Maharashtra Limited |
Nirmal; First Floor, Nariman Point, Bombay, Maharashtra - 400021, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.52 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
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.