MIRA
INFORM REPORT
|
Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
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Name : |
GEMINI EQUIPMENT AND RENTALS PRIVATE LIMITED |
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Registered
Office : |
Gemini House, Bus Depot Lane, Deonar, Mumbai – 400088,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
02.02.2007 |
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Com. Reg. No.: |
11-167468 |
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Capital
Investment / Paid-up Capital : |
Rs.764.714
Millions |
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CIN No.: [Company Identification
No.] |
U29253MH2007PTC167468 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG12197D |
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PAN No.: [Permanent Account No.] |
AACCG7791F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Equipment’s Services. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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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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Maximum Credit Limit : |
USD 3040000 |
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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 takes into consideration company’s moderate financial risk
profile and huge accumulated losses incurred by the company during financial
year 2013. 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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BB+ |
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Rating Explanation |
Moderate risk of default and high credit
risk |
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Date |
10.10.2013 |
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 DENIED
Management Non Co-Operative (Tel No.: 91-22-66819999)
LOCATIONS
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Registered Office : |
Gemini House, Bus Depot Lane, Deonar, Mumbai – 400088, Maharashtra,
India |
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Tel. No.: |
91-22-66819999 / 61489898 / 61489809 / |
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Fax No.: |
91-22-66819988 |
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E-Mail : |
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Website : |
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Regional Office:
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Located At: ·
New Delhi ·
Ahmedabad ·
Secunderabad ·
Bhubaneshwar ·
Bangalore |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Kabir Kewalramani |
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Designation : |
Nominee Director |
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Address : |
9th Floor, Sita
Niwas,14th Road,, Plot No. 150, Opposite HDFC Bank, Chembur (East), Mumbai – 400071,
Maharashtra, India |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
00768602 |
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Other Directorship:
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Name : |
Mr. Anand Singh Dalal |
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Designation : |
Whole Time Director |
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Address : |
C-33, Chidanand 129/1, Abhinav Kala Mandir, Pashan, Pune-411021,
Maharashtra, India |
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Date of Appointment : |
30.09.2010 |
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PAN No.: |
AAVPD0110F |
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DIN No.: |
01392057 |
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Other Directorship:
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Name : |
Mr. Dimitrios Goulandris |
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Designation : |
Director |
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Address : |
22, Hewer Street, London, W106DU, United Kingdom |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
02797524 |
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Other Directorship:
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Name : |
Mr. Surendra Pal Singh |
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Designation : |
Additional Director |
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Address : |
A-1, Shivam Park Shardha Vihar, Near Nashik Cambridge School, Indira
Nagar, Nashik – 422011, Maharashtra, India |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
06549299 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Ms. Subhalaxmi |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
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Rajiv Kishorechand Sethi |
3949663 |
5.16 |
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Sarika Sethi |
5712 |
0.01 |
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Berggruen India Rentals, Mauritius |
36398924 |
47.60 |
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Cycladic India Rentals, Mauritius |
32023573 |
41.88 |
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Cycladic II, Mauritius |
4093516 |
5.35 |
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Total |
76471388 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
94.83 |
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Directors or relatives of Directors |
5.17 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Equipment’s Services. |
GENERAL INFORMATION
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No. of Employees : |
Information denied by management |
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Bankers : |
·
ICICI
Bank Limited, Landmark Race, Cource Circle, Alkapuri, Baroda – 390015,
Gujarat, India ·
Kotak
Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai -
400021, Maharashtra, India ·
Axis
Bank Limited, Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden
Ellisbridge, Ahmedabad - 380006, Gujarat, India ·
HDFC
Bank Limited, HDFC House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
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Facilities : |
Term Loans from
Banks: Rs.51.053 Millions (Rs.60.906 Millions) carry interest @ 12.50% to
13.50% p.a. and is repayable in 60 monthly installments from the date of loan
after motorium period of one year. The Loan is secured by first and exclusive
charge on construction equipments financed by the borrower. Equipment
Finance from Banks: i) Rs.103.665 Millions
(Rs.77.486 Millions) carry interest @ 10.3 % to 12.5% and is repayable in 60
monthly installments from the date of the loan. The loan is secured by first
and exclusive charge on existing and future current assets and hypothecation
of construction equipment’s financed by the borrower ii) Rs.531.358 Millions (Rs.236.259 Millions) carry interest @ 10.5 %
to 12.5% and is repayable in 60 monthly installments from the date of the
loan. The Loan is secured by first and exclusive charge on construction
equipment’s financed by the borrower The charge is yet to be registered in
case of loan of Rs.54.500 Millions (Rs.12.200 Millions) Equipment
Finance from finance companies: Rs.84.122 Millions (Rs.127.780 Millions) carry interest @ 10.75% to
13.50% p.a. and is repayable in 60 monthly installments from the date of
loan. The Loan is secured by first and exclusive charge on construction
equipment’s financed by the borrower. The charge is yet to be registered in
case of loan of Rs.26.984 Millions (Rs.30.162 Millions) *Cash Credit from Bank is secured by first and exclusive charge by way
of hypothecation on existing and future current assets and on construction
equipments financed by the borrower. |
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Banking
Relations : |
-- |
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Financial Institutions : |
Tata Capital Financial Services Limited, One Forbes, Dr.
V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
MGB and Company Chartered Accountant |
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Address : |
101-A, Jolly
Bhavan No 2, Opposite Nirmala Niketan, 7 New Marine Lines, Churchgate, Mumbai
– 400020, Maharashtra, India |
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PAN No.: |
AACPK3979J |
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Other Related
parties with whom transactions have taken place during the year and balance
outstanding as on the last day of the year : |
· Berggruen India Rentals · Cycladic India Rentals · Cycladic II · B H Advisors Private Limited · BC Equipment Trading Company Private Limited, · Berggruen Car Rentals Private Limited ·
Bergrruen Hotels Private Limited. |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76471388 |
Equity Shares |
Rs.10/- each |
Rs.764.714 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 |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
764.714 |
763.969 |
683.484 |
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(b) Reserves & Surplus |
(4.940) |
9.492 |
(13.219) |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
9.002 |
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Total Shareholders’
Funds (1) + (2) |
759.774 |
773.461 |
679.267 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
644.569 |
409.468 |
101.754 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
644.569 |
409.468 |
101.754 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
89.857 |
23.466 |
29.816 |
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(b) Trade payables |
33.043 |
27.835 |
16.494 |
|
(c) Other current
liabilities |
154.560 |
126.402 |
82.824 |
|
(d) Short-term provisions |
0.627 |
0.322 |
0.000 |
|
Total Current Liabilities (4) |
278.087 |
178.025 |
129.134 |
|
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TOTAL |
1,682.430 |
1,360.954 |
910.155 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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(a) Fixed Assets |
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|
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(i) Tangible assets |
1,253.631 |
1,068.297 |
740.884 |
|
(ii) Intangible Assets |
2.324 |
3.410 |
4.700 |
|
(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 |
0.160 |
0.160 |
0.160 |
|
(c) Deferred tax assets (net) |
10.550 |
7.460 |
13.774 |
|
(d) Long-term Loan and Advances |
72.858 |
39.681 |
24.756 |
|
(e) Other Non-current assets |
12.018 |
1.026 |
0.000 |
|
Total Non-Current Assets |
1,351.541 |
1,120.034 |
784.274 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13.981 |
9.937 |
3.437 |
|
(c) Trade receivables |
209.355 |
156.044 |
88.481 |
|
(d) Cash and cash
equivalents |
35.220 |
18.380 |
5.171 |
|
(e) Short-term loans and
advances |
57.814 |
49.533 |
26.464 |
|
(f) Other current assets |
14.519 |
7.026 |
2.328 |
|
Total Current Assets |
330.889 |
240.920 |
125.881 |
|
|
|
|
|
|
TOTAL |
1,682.430 |
1,360.954 |
910.155 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
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|
|
|
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Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
539.846 |
431.755 |
292.827 |
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|
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|
|
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||
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Less |
EXPENSES |
|
|
|
||
|
|
|
Direct operating expenses |
253.976 |
181.552 |
129.543 |
|
|
|
|
Administration Selling Expenses |
95.405 |
80.792 |
71.153 |
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|
|
|
TOTAL (B) |
349.381 |
262.344 |
200.696 |
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||
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Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
190.465 |
169.411 |
92.131 |
||
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Less |
FINANCIAL
EXPENSES (D) |
81.347 |
41.916 |
24.180 |
||
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||
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
109.118 |
127.495 |
67.951 |
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||
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Less |
DEPRECIATION/
AMORTISATION (F) |
126.639 |
97.974 |
74.358 |
||
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||
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(17.521) |
29.521 |
(6.407) |
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||
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Less |
TAX (H) |
(3.089) |
6.810 |
(6.827) |
||
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||
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(14.432) |
22.711 |
0.420 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(6.891) |
(29.602) |
(30.022) |
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||
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BALANCE CARRIED
TO THE B/S |
(21.323) |
(6.891) |
(29.602) |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
59.622 |
98.153 |
NA |
|
|
|
TOTAL IMPORTS |
59.622 |
98.153 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(0.19) |
NA
|
0.01 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(2.67) |
5.26 |
0.14 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.25) |
6.84 |
(2.19) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.05) |
2.18 |
(0.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
0.04 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.97 |
0.56 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.35 |
0.97 |
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 |
683.484 |
763.969 |
764.714 |
|
Reserves & Surplus |
(13.219) |
9.492 |
(4.940) |
|
Share Application money
pending allotment |
9.002 |
0.000 |
0.000 |
|
Net
worth |
679.267 |
773.461 |
759.774 |
|
|
|
|
|
|
long-term borrowings |
101.754 |
409.468 |
644.569 |
|
Short term borrowings |
29.816 |
23.466 |
89.857 |
|
Total
borrowings |
131.570 |
432.934 |
734.426 |
|
Debt/Equity
ratio |
0.194 |
0.560 |
0.967 |
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 |
|
Total Income |
292.827 |
431.755 |
539.846 |
|
|
|
47.444 |
25.035 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
292.827 |
431.755 |
539.846 |
|
Profit |
0.420 |
22.711 |
(14.432) |
|
|
0.14% |
5.26% |
(2.67%) |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NATURE OF OPERATIONS
The company is a private limited company domiciled in India
and incorporated under the provisions of the Companies Act, 1956. The Company is
presently in the business of supply of equipment services under the statutory
classification "Supply of tangible goods for use' (under the Service Tax
Act) at various locations across India.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10436939 |
21/08/2013 * |
115,000,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B82933417 |
|
2 |
10440890 |
07/06/2013 |
27,182,116.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B81050247 |
|
3 |
10430502 |
09/05/2013 |
17,821,126.00 |
L and T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B76876168 |
|
4 |
10434026 |
06/05/2013 |
27,305,410.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre,
Discovery Of India,, Dr. |
B78370673 |
|
5 |
10425258 |
30/03/2013 |
28,200,000.00 |
L and T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B74981457 |
|
6 |
10406170 |
13/08/2013 * |
23,257,081.00 |
L and T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B82918806 |
|
7 |
10408095 |
20/02/2013 |
6,384,024.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Amartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B69642478 |
|
8 |
10408093 |
20/02/2013 |
14,060,000.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Amartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B69642155 |
|
9 |
10411831 |
31/01/2013 |
77,803,101.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B70774781 |
|
10 |
10401033 |
18/01/2013 |
10,022,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B67254011 |
|
11 |
10395142 |
21/12/2012 |
18,501,133.00 |
L and T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B65221533 |
|
12 |
10400377 |
18/12/2012 |
100,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B67045831 |
|
13 |
10391724 |
15/12/2012 |
29,687,613.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B64032972 |
|
14 |
10390407 |
30/11/2012 |
3,645,000.00 |
MAGMA FINCORP LIMITED |
Magma House, 24 Park Street, Kolkata, West Bengal - 700016, India |
B63495303 |
|
15 |
10463741 |
30/11/2012 |
24,174,492.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre,
Discovery Of India,, Dr. |
B69842664 |
|
16 |
10463740 |
30/11/2012 |
34,738,582.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B69643351 |
|
17 |
10452235 |
30/11/2012 |
121,658,461.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B67254938 |
|
18 |
10453144 |
29/11/2012 |
10,099,208.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B69648855 |
|
19 |
10453143 |
29/11/2012 |
35,894,920.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B69648376 |
|
20 |
10469771 |
27/11/2012 |
54,500,000.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B85531192 |
|
21 |
10383162 |
29/10/2012 |
10,750,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38a, Nariman Bhavan, 227,D,, Nariman Point, Mumbai, Maharashtra - 400021, India |
B60776085 |
|
22 |
10380479 |
20/09/2012 |
4,256,000.00 |
SUNDARAM FINANCE LIMITED |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
B59664342 |
|
23 |
10374671 |
29/08/2012 |
7,739,615.00 |
Axis Bank Limited |
RAC Mumbai, 1st Floor,, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B57353633 |
|
24 |
10360399 |
06/06/2012 |
29,600,000.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B41537317 |
|
25 |
10353430 |
04/04/2012 |
12,798,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA |
B38852216 |
|
26 |
10350584 |
27/03/2012 |
4,980,000.00 |
Axis Bank Limited |
RAC Mumbai, 1st Floor,, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B37840725 |
|
27 |
10337972 |
30/01/2012 |
9,771,890.00 |
Axis Bank Limited |
RAC Mumbai, 1st Floor,, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B33134263 |
|
28 |
10334660 |
10/01/2012 |
7,705,800.00 |
Axis Bank Limited |
RAC Mumbai, 1st Floor,, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31719834 |
|
29 |
10331400 |
29/01/2013 * |
43,826,778.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B68640572 |
|
30 |
10328172 |
27/12/2011 |
9,771,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B29315207 |
|
31 |
10310555 |
30/09/2011 |
3,360,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B22699110 |
|
32 |
10310558 |
30/09/2011 |
3,360,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B22699847 |
|
33 |
10308314 |
21/09/2011 |
7,593,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B21567201 |
|
34 |
10291946 |
29/01/2013 * |
12,236,966.00 |
Kotak Mahindra Bank Limited |
36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B68639996 |
|
35 |
10236755 |
29/01/2013 * |
9,394,684.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B68640325 |
|
36 |
10236890 |
06/06/2013 * |
104,500,000.00 |
Bank of India |
G-5, Ground Floor, Akruti Smc, Khopat Junction, Off Lbs Marg, Thane (West), Thane, Maharashtra - 400601, India |
B80812548 |
|
37 |
10115513 |
10/07/2008 |
1,700,000.00 |
L and T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
A42565556 |
|
38 |
10115172 |
07/07/2008 |
18,300,000.00 |
L and T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
A42565960 |
|
39 |
10112384 |
30/05/2008 |
4,593,643.00 |
Sundaram Finance Limited |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
A40995409 |
|
40 |
10112385 |
30/05/2008 |
4,593,643.00 |
Sundaram Finance Limited |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
A40995896 |
*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.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
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 |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
26 |
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.