MIRA
INFORM REPORT
|
Report Date : |
24.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
CLP INDIA PRIVATE LIMITED (w.e.f. 03.02.2012) |
|
|
|
|
Formerly Known
As : |
GUJARAT PAGUTHAN ENERGY CORPORATION PRIVATE LIMITED GUJARAT TORRENT ENERGY CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
6th Floor, Chanakya Building, Off-Ashram Road, Ahmedabad –
380009, Gujarat |
|
|
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|
Country : |
|
|
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.1992 |
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|
|
|
Com. Reg. No.: |
04-018284 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.20986.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100GJ1992PTC018284 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG00339D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7999P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged
in the business of generation and sale of electricity. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 230000000 |
|
|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having fine track. The rating reflects healthy financial risk profile marked by adequate
liquidity position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.2,453.2 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 |
CRISIL |
|
Rating |
Long Term Rating: AA |
|
Rating Explanation |
High Degree of safety and very low credit
risk |
|
Date |
13.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A1+ |
|
Rating Explanation |
Very strong degree of safety and very lowest
credit risk. |
|
Date |
13.12.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Jasraj Virdi |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-67588800 |
|
Date : |
22.05.2014 |
LOCATIONS
|
Registered Office : |
6th Floor, Chanakya Building, Off-Ashram Road, Ahmedabad –
380009, Gujarat, India |
|
Tel. No.: |
91-79-26585969 |
|
Fax No.: |
91-79-26583254 |
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E-Mail : |
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|
Website : |
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|
Branch Office : |
15th Floor, Oberoi Commerz International Business Park,
Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-67588800 |
|
Fax No.: |
91-22-67588811/ 8833 |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Rajiv Ranjan Mishra |
|
Designation : |
Managing Director |
|
Address : |
Flat No.301, EVITA, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1966 |
|
Date of Appointment : |
01.07.2005 |
|
DIN No.: |
00131207 |
|
|
|
|
Name : |
Mark Takahashi |
|
Designation : |
Director |
|
Address : |
Flat B, 28th Floor, Block 1, Pacific View No.38, Tai Tam
Road, Hong Kong |
|
Date of Birth/Age : |
26.10.1958 |
|
Date of Appointment : |
23.08.2011 |
|
DIN No.: |
00679992 |
|
|
|
|
Name : |
Peter Albert Littlewood |
|
Designation : |
Director |
|
Address : |
No.6Kensington Path, The Royal Oaks, 8 Kam Tsin South Road, Sheung
Shui, New Territories, Hong Kong |
|
Date of Birth/Age : |
06.03.1951 |
|
Date of Appointment : |
20.02.2002 |
|
DIN No.: |
01265274 |
|
|
|
|
Name : |
Samir Ashta |
|
Designation : |
Director |
|
Address : |
85, Siddhartha, Enclave, Jangpura, New Delhi - 110014, India |
|
Date of Birth/Age : |
26.06.1964 |
|
Date of Appointment : |
07.12.2007 |
|
DIN No.: |
01957618 |
|
|
|
|
Name : |
Richard Kendall Lancaster |
|
Designation : |
Director |
|
Address : |
HSE 23, Lot 1508 DD 243, 10 Pik Sha Road, The Reviera, sai Kung New
Territories, Hong Kong |
|
Date of Birth/Age : |
19.04.1956 |
|
Date of Appointment : |
20.05.2013 |
|
DIN No.: |
06603657 |
KEY EXECUTIVES
|
Name : |
Mr. Jasraj Virdi |
|
Designation : |
Finance Head |
|
|
|
|
Name : |
Mr. Mitesh B. Mehta |
|
Designation : |
Secretary |
|
Address : |
29-A, Bhavna Society, Gita Mandir Road, Maninagar, Ahmedabad – 380022,
Gujarat, India |
|
Date of Birth/Age : |
17.09.1963 |
|
Date of Appointment : |
18.09.2003 |
|
DIN No.: |
ABDPT7461L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
|
|
|
|
CLP Power (GPEC) Limited, Ebene |
|
968339629 |
|
CLP Power Projects II, Mauritius |
|
833695947 |
|
CLP Renewables (Mauritius) Limited, Mauritius |
|
329983133 |
|
|
|
|
|
Total
|
|
2132018709 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of generation and
sale of electricity. |
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|
Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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Bankers : |
· Bank of Baroda Corporate Financial Services Branch, 1st Floor, Bank of
Baroda Towers, Opposite Law Garden Elisbridge, Ahmedabad – 380006, Gujarat,
India · State Bank of India Corporate Accounts Group, 58 Shrimall Society, Navrangpura, Ahmedabad – 3800009, Gujarat, India · Dena Bank Elisbridge Branch, Pritamtai Road, Ahmedabad – 380006, Gujarat, India · The Industrial Development Bank of India Limited IDBI Tower WTC Complex, Cuffee Parade, Mumbai – 400005, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R Kamani Marg, Ballard Estate,
Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th
Floor, Tower - B , Cyber City, Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AACPN5592L |
|
|
|
|
Ultimate Holding Company : |
·
CLP Holdings Limited, Hong Kong |
|
|
|
|
Holding Company : |
·
CLP Power (GPEC) Limited, Mauritius |
|
|
|
|
Subsidiaries: |
·
CLP Wind Farms (India) Private Limited ·
CLP Wind Farms (Theni - Project II) Private
Limited ·
CLP Wind Farms (Theni - Project III)
Private Limited ·
CLP Wind Farms (Theni - Project IV) Private
Limited ·
CLP Wind Farms (Khandke) Private Limited ·
CLP Power India Private Limited ·
Jhajjar Power Limited ·
CLP India Foundation |
|
|
|
|
Fellow Subsidiaries : |
·
CLP Power International Projects Limited,
Hongkong ·
CLP Business Management and Support
Limited, Hongkong ·
Energy Australia Holdings Limited (Earlier
known as TRUenergy Services Pty Limited), Australia ·
CLP Power Projects II, Mauritius ·
CLP Renewables (Mauritius) Limited,
Mauritius |
CAPITAL STRUCTURE
(Before -
30.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000000 |
Equity Shares |
Rs.10/- each |
Rs.30000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2368909677 |
Equity Shares |
Rs.10/- each |
Rs.23689.097
Millions |
|
|
|
|
|
(AS ON 30.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000000 |
Equity Shares |
Rs.10/- each |
Rs.25000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2132018709 |
Equity Shares |
Rs.10/- each |
Rs.21320.187
Millions |
|
|
|
|
|
(AS ON
31.03..2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000000 |
Equity Shares |
Rs.10/- each |
Rs.25000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2098629709 |
Equity Shares |
Rs.10/- each |
Rs.20986.300
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 |
20986.300 |
14048.730 |
9455.057 |
|
(b) Reserves & Surplus |
36299.900 |
34745.050 |
19247.654 |
|
(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) |
57286.200 |
48793.780 |
28702.711 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1543.500 |
3118.720 |
4300.738 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
20.520 |
9.060 |
2.704 |
|
Total Non-current Liabilities (3) |
1564.020 |
3127.780 |
4303.442 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
1000.000 |
|
(b) Trade payables |
344.100 |
638.560 |
458.624 |
|
(c) Other current
liabilities |
312.280 |
1397.060 |
862.871 |
|
(d) Short-term provisions |
3.340 |
1.530 |
6.138 |
|
Total Current Liabilities (4) |
659.720 |
2037.150 |
2327.633 |
|
|
|
|
|
|
TOTAL |
59509.940 |
53958.710 |
35333.786 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6212.010 |
6698.590 |
7063.237 |
|
(ii) Intangible Assets |
33.190 |
38.150 |
27.808 |
|
(iii) Capital
work-in-progress |
155.330 |
46.990 |
12.118 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
36972.630 |
31138.510 |
13495.499 |
|
(c) Deferred tax assets (net) |
147.540 |
311.280 |
445.897 |
|
(d) Long-term Loan and Advances |
4484.410 |
3196.960 |
3152.893 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
48005.110 |
41430.480 |
24197.452 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1106.720 |
1048.690 |
1054.880 |
|
(c) Trade receivables |
3941.350 |
4310.400 |
4388.789 |
|
(d) Cash and cash
equivalents |
3483.660 |
4270.580 |
3412.055 |
|
(e) Short-term loans and
advances |
1675.950 |
799.470 |
677.586 |
|
(f) Other current assets |
1297.150 |
2,099.090 |
1603.024 |
|
Total Current Assets |
11504.830 |
12528.230 |
11136.334 |
|
|
|
|
|
|
TOTAL |
59509.940 |
53958.710 |
35333.786 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Total Revenue) |
11849.960 |
16040.850 |
13977.550 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4452.460 |
4499.860 |
3668.620 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1386.310 |
919.360 |
1284.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
3066.150 |
3580.500 |
2384.390 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1047.370 |
1031.480 |
576.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
2018.780 |
2549.020 |
1807.820 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13435.220 |
10886.200 |
9078.380 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
15454.000 |
13435.220 |
10886.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
31.310 |
4.410 |
0.000 |
|
|
|
Other Earnings |
0.610 |
6.820 |
0.651 |
|
|
TOTAL EARNINGS |
31.920 |
11.230 |
0.651 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
51.540 |
78.810 |
242.254 |
|
|
|
Capital Goods |
759.920 |
443.760 |
253.594 |
|
|
TOTAL IMPORTS |
811.460 |
522.570 |
495.848 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.16 |
2.11 |
2.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
25.87 |
22.32 |
17.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.79 |
15.94 |
11.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.07 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03 |
0.06 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
17.44 |
6.15 |
4.78 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
9455.057 |
14048.730 |
20986.300 |
|
Reserves & Surplus |
19247.654 |
34745.050 |
36299.900 |
|
Net worth |
28702.711 |
48793.780 |
57286.200 |
|
|
|
|
|
|
long-term borrowings |
4300.738 |
3118.720 |
1543.500 |
|
Short term borrowings |
1000.000 |
0.000 |
0.000 |
|
Total borrowings |
5300.738 |
3118.720 |
1543.500 |
|
Debt/Equity ratio |
0.185 |
0.064 |
0.027 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income
(Total Revenue) |
13,977.550 |
16,040.850 |
11,849.960 |
|
|
|
14.762 |
(26.126) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income
(Total Revenue) |
13,977.550 |
16,040.850 |
11,849.960 |
|
Profit |
1,807.820 |
2,549.020 |
2,018.780 |
|
|
12.93% |
15.89% |
17.04% |
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 |
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 |
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 |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
------------------------------------------------------------------------------------------------------------------------------
HIGH
COURT OF GUJARAT
STAMP NUMBER No. 1970 of 2012
|
Status : PENDING |
CCIN No :
001087201201970 |
|
Last Listing Date: |
05/10/2012 |
|
Coram |
·
ADDITIONAL REGISTRAR ( JUDICIAL) |
|
S.NO. |
Name of the Petitioner |
Advocate On
Record |
|
1 |
COMMISSIONER OF INCOME TAX I |
MRS MAUNA M BHATT for: null |
|
S.NO. |
Name of the Respondant |
Advocate On Record |
|
1 |
CLP INDIA PVT LTD |
|
|
Presented On |
: 20/09/2012 |
Registered On |
: 20/09/2012 |
|
Bench Category |
: DIVISION BENCH |
District |
: AHMEDABAD |
|
Case Originated From |
: THROUGH ADVOCATE |
Listed |
: 0 times |
|
Stage Name |
: OFFICE OBJECTION (FILING STAGE) |
||
Office Objection
|
|
|
Filing Stage |
WHETHER NAMES OF THE PARTIES TALLY WITH
NAMES IN THE CERTIFIED COPIES? |
|
Classification |
DB - OJ - TAX APPEAL - INCOME TAX ACT,
1961 - APPEAL TO HIGH COURT - U/S 260 OF IT ACT - LONG TERM CAPITAL GAIN -
U/S 54EA |
|
Act |
INCOME-TAX ACT, 1961 |
Other Forums
|
|
S. No. |
CASEDETAILS |
TRIBUNAL
REFERRENCE |
ORDER PASSED BY |
JUDGEMENT DATE |
PLACE |
|
1 |
ITA/2839/AHD/2008 |
INCOME TAX
APPELLATE TRIBUNAL AHMEDABAD A BENCH |
JUDICIAL MEMBER
AND ACCOUNTANT MEMBER |
30/03/2012 |
AHMEDABAD |
Office Details
|
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
20/09/2012 |
CERTIFIED COPY |
MRS MAUNA M BHATT ADVOCATE |
6 |
- |
|
2 |
20/09/2012 |
MEMO OF APPEAL/PETITION/SUIT |
MRS MAUNA M BHATT ADVOCATE |
20 |
- |
Court Proceedings
|
|
S. No. |
Notified Date |
CourtCode |
Board Sr. No. |
Stage |
Action |
Coram |
|
1 |
05/10/2012 |
51 |
- |
OFFICE OBJECTION
(FILING STAGE) |
NEXT DATE |
·
ADDITIONAL REGISTRAR ( JUDICIAL) |
-----------------------------------------------------------------------------------------------------------------------------
OPERATIONS
The year under report was the
Twelfth full year of Operations of the entire plant. The Directors are pleased
to report that the plant was able to achieve a high level of availability,
which stood at 90.94%.
The
Total Revenue during the year ended on 31 March 2013 was Rs.11849.960 Million.
The profit after tax for the year was Rs.2018.780 Millions.
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10442159 |
06/08/2013 |
7,850,000,000.00 |
IDBI TRUSTEESHIP SERVICES
LIMITED |
Asian Bldg., Ground
Floor, 17, R. Kamani Marg, Ballard Estate,, Mumbai, Maharashtra - 400001,
India |
B81753030 |
|
2 |
10158784 |
12/04/2013 * |
4,960,000,000.00 |
IDBI TRUSTEESHIP SERVICES
LIMITED |
Asian Bldg., Ground
Floor, 17, R. Kamani Marg, Ballard Estate,, Mumbai, Maharashtra - 400001,
India |
B73149072 |
|
3 |
90101476 |
11/02/1998 * |
1,200,000.00 |
STATE BANK OF INDIA |
Commercial Branch,
Paramsiddhi Complex, Ahmedabad, Gujarat, India |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Computer
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 records 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.58.57 |
|
|
1 |
Rs.98.87 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
66 |
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.