MIRA
INFORM REPORT
|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANCO TRANS LIMITED |
|
|
|
|
Registered
Office : |
90, Moore Street, Chennai – 600 001, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.10.1979 |
|
|
|
|
Com. Reg. No.: |
18-007970 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L60220TN1979PLC007970 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHES00084A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS7690F |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Providing Logistics Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects sound financial risk profile marked by adequate
liquidity position and fair 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.
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
Management Non-Cooperative (91-9884085285)
LOCATIONS
|
Registered Office : |
90, Moore Street, Chennai – 600 001, Tamilnadu, India |
|
Tel. No.: |
91-44-66449000 |
|
Fax No.: |
91-44-66449009 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At · Bangalore · Chennai (Container Freight Station) · Mumbai · Ranipet · Trichy · Tuticorin |
DIRECTORS
As on 31.03.2013
|
Name : |
Mr. V. Upendran |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. S. Sathyanarayanan |
|
Designation : |
Deputy Managing Director |
|
|
|
|
Name : |
Mr. U. Udayabhaskar Reddy |
|
Designation : |
Whole Time Director |
|
|
|
|
Name : |
Mr. S. R. Srinivasan |
|
Designation : |
Director-Finance |
|
|
|
|
Name : |
Mrs. S. Devaki |
|
Designation : |
Director |
|
Date of Birth/Age : |
02.11.1941 |
|
Date of Appointment : |
12.10.1979 |
|
|
|
|
Name : |
Dr. M.V.M. Alagappan |
|
Designation : |
Director |
|
Date of Birth/Age : |
19.04.1933 |
|
Qualification : |
Graduate in Economics and Socialogy and Phd in International marketing |
|
Date of Appointment : |
07.06.2007 |
|
|
|
|
Name : |
Mr. T. Ananthanarayanan |
|
Designation : |
Director |
|
Date of Birth/Age : |
09.04.1945 |
|
Qualification : |
Graduate in Commerce, Chartered Accountant and Cost Accountant |
|
Date of Appointment : |
30.07.2008 |
|
Other Directorship : |
a. All Sec Technologies Limited b. Sundaram Asset Management Company Limited c. Ashok Leyland Project Services Limited d. Ashley Holdings Limited e. Ashley Investments Limited f. Ashley Services Limited g. Hinduja Leyland Finance Limited |
|
|
|
|
Name : |
Mr. R Vijayaraghavan |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. V Govind |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. V Shankar |
|
Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2014
|
Category of
Shareholder |
Total No. of
Shares |
Total
Shareholding as a % of total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
1294232 |
71.90 |
|
|
1294232 |
71.90 |
|
|
1294232 |
71.90 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
1294232 |
71.90 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
21211 |
1.18 |
|
|
|
|
|
|
446269 |
24.79 |
|
|
10290 |
0.57 |
|
|
27998 |
1.56 |
|
|
248 |
0.01 |
|
|
14461 |
0.80 |
|
|
13289 |
0.74 |
|
|
505768 |
28.10 |
|
Total Public shareholding (B) |
505768 |
28.10 |
|
Total (A)+(B) |
1800000 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
1800000 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
99969178 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistics Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· IDBI Bank · HDFC Bank Limited · Axis Bank ·
Indian Bank |
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||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
M. S. Krishnaswami and Rajan Chartered Accountants |
|
Address : |
GB, Anand Apartments, JP Avenue, 6th Street, Dr.
Radhakrishnan Salai, Mylapore, Chennai 600004, Tamilnadu, India |
|
|
|
|
Associate Company : |
Sudharsan Logistics Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs.18.000 Millions |
|
|
|
|
|
Of the above, shares
held by each shareholder holding more than 5% of shares
|
Name of the
shareholder |
No of shares held |
% of shares held |
|
Mrs. Devaki S |
212750 |
11.82 |
|
Mr. Sathyanarayanan S |
192600 |
10.70 |
|
Sudharsan Logistics Private Limited |
494000 |
27.44 |
|
Sanco Estates and Farms Private Limited |
150100 |
8.34 |
The holders of Equity Shares are entitled to vote at the General Meeting and also to the dividend declared/paid in proportion to the Shares held by them. Apart from the above, their rights, preferences and restrictions are governed by the terms of their issue under the provisions of the Companies Act, 1956.
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 |
18.000 |
18.000 |
18.000 |
|
(b) Reserves & Surplus |
915.362 |
858.221 |
807.033 |
|
(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) |
933.362 |
876.221 |
825.033 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
183.934 |
75.614 |
75.919 |
|
(b) Deferred tax liabilities (Net) |
42.047 |
31.627 |
29.449 |
|
(c) Other long term liabilities |
1.465 |
10.855 |
10.202 |
|
(d) long-term provisions |
4.786 |
4.786 |
0.000 |
|
Total Non-current Liabilities (3) |
232.232 |
122.882 |
115.570 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
10.418 |
9.994 |
6.082 |
|
(b) Trade payables |
35.300 |
29.705 |
26.728 |
|
(c) Other current
liabilities |
139.815 |
148.673 |
104.891 |
|
(d) Short-term provisions |
12.198 |
11.448 |
10.148 |
|
Total Current Liabilities (4) |
197.731 |
199.820 |
147.849 |
|
|
|
|
|
|
TOTAL |
1363.325 |
1198.923 |
1088.452 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
927.111 |
805.641 |
783.708 |
|
(ii) Intangible Assets |
0.538 |
0.920 |
0.569 |
|
(iii) Capital
work-in-progress |
132.094 |
40.772 |
6.245 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
2.419 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
33.751 |
32.665 |
30.449 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1093.494 |
879.998 |
823.390 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1.327 |
1.005 |
0.614 |
|
(c) Trade receivables |
125.431 |
135.672 |
123.019 |
|
(d) Cash and cash
equivalents |
106.135 |
133.000 |
83.168 |
|
(e) Short-term loans and
advances |
32.546 |
43.288 |
44.353 |
|
(f) Other current assets |
4.392 |
5.960 |
13.908 |
|
Total Current Assets |
269.831 |
318.925 |
265.062 |
|
|
|
|
|
|
TOTAL |
1363.325 |
1198.923 |
1088.452 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
769.063 |
770.789 |
627.306 |
|
|
|
Other Income |
7.963 |
9.663 |
3.881 |
|
|
|
TOTAL (A) |
777.026 |
780.452 |
631.187 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Equipment and fleet hire |
236.419 |
252.308 |
200.476 |
|
|
|
Operating expenses |
120.230 |
148.281 |
87.057 |
|
|
|
Employees benefits expense |
90.565 |
85.940 |
76.548 |
|
|
|
Gain on acquisition of land by
government |
0.000 |
(3.867) |
0.000 |
|
|
|
Other expenses |
176.475 |
165.880 |
152.728 |
|
|
|
TOTAL (B) |
623.689 |
648.542 |
516.809 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
153.337 |
131.910 |
114.378 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.745 |
16.773 |
17.786 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
128.592 |
115.137 |
96.592 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
36.059 |
16.555 |
21.367 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
92.533 |
98.582 |
75.225 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.875 |
21.978 |
-7.620 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
63.658 |
76.604 |
82.845 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.37 |
42.56 |
46.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.19 |
9.82 |
13.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.03 |
12.79 |
11.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.52 |
8.51 |
6.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.11 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.10 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.60 |
1.79 |
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 |
18.000 |
18.000 |
18.000 |
|
Reserves & Surplus |
807.033 |
858.221 |
915.362 |
|
Net
worth |
825.033 |
876.221 |
933.362 |
|
|
|
|
|
|
long-term borrowings |
75.919 |
75.614 |
183.934 |
|
Short term borrowings |
6.082 |
9.994 |
10.418 |
|
Total
borrowings |
82.001 |
85.608 |
194.352 |
|
Debt/Equity
ratio |
0.099 |
0.098 |
0.208 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
627.306 |
770.789 |
769.063 |
|
|
|
22.873 |
(0.224) |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
627.306 |
770.789 |
769.063 |
|
Profit |
82.845 |
76.604 |
63.658 |
|
|
13.21% |
9.94% |
8.28% |
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 |
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 |
No |
LITIGATIONS DETAILS
CHENNAI COURT
CASE STATUS INFORMATION SYSTEM
|
Case Status: |
Pending |
|
Status Of: |
TAX CMP |
|
Case No.: |
29 |
|
Year : |
2007 |
|
Petitioner : |
COMMISSIONER OF INCOME TAX |
|
Respondent : |
M/S. SANCO TRANS LIMITED |
|
Pet's Advocate : |
M/S.PUSHYA SITARAMAN |
|
Res's Advocate : |
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Category : |
NO CATEGORY MENTIONED |
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Last Listed on: No Date Mentioned |
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Case Updated on : |
Apr 27 2007 |
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Fixed Deposits from Public |
16.278 |
12.995 |
|
Short-term
borrowings |
|
|
|
Fixed Deposits from public |
9.978 |
9.994 |
|
Total |
26.256 |
22.989 |
MANAGEMENT DISCUSSION
AND ANALYSIS
ABOUT THE COMPANY
The Company was incorporated by late Mr. K Santhanam Reddiar in the year 1979 as a Private Limited Company with a paid up share capital of Rs 0.500 Million and was converted into a Public Limited Company in the year 1986. The net worth, net fixed assets, the Profit before and after tax, dividend distribution % and earnings per share for the ten years ending 2012-13 are given below to indicate the company’s progress over the said years.
INDUSTRY PROGRESS AND
OUTLOOK
The volume of cargo handled by the Government controlled 12 major ports during the year 2012-13 had declined by 2.58%. In overall terms, the 12 major ports together handled 545.68 million tonnes (MT) of various commodities such as coal, iron ore, crude oil, petroleum products, containerized cargo and fertilizers in the financial year 2012-13, as against 560.14 MT handled in 2011-12. These ports, excluding Ennore, had handled about 77.79 lakh TEUs in 2011-12 but during 2012-13 fiscal the TEUs handled had come down to 77.08 lakh. Their company has registered a 12 % market share handled by Chennai Port.
Chennai is the largest East Coast port, having a capacity of 2.1 million TEUs. With two container terminals, one managed by DP World and the other by PSA, the port has handled more than 1.5 million TEUs in 2012. A third mega-terminal is now planned, in addition to the Ennore port and Kattupalli port which have already started functioning.
At the global level, the maritime industry is looking forward to positive changes but the mood is cautiously optimistic as the industry expects another challenging year. The industry expects demand to pick up by late 2013. Euro zone is still in crisis, while USA, the world’s largest economy is going thro’ fiscal corrections and without a solution to European debt crisis it would be difficult to expect an improvement in global business scenario. The economic trend of year 2012 is likely to continue in year 2013 also, because of stagnation in demand from USA and decreased volume from European Union. Unless the volume improves in USA and Europe and these countries trade with increased volumes with India, the current economic trend may not visibly change. Though Exports rose 4.23% to $26.25 billion in February 2013 compared with $25.2 billion in February 2012, during this financial year, only in 3 months a rise in exports was recorded – April 2012 (3.23%), January 2013 (0.82%) and February (4.23%)
The Indian maritime industry outlook is predominately depending on government support and policy initiatives.
The performance of their company has to be viewed in the context of the aforesaid economic and market environment.
FINANCIALS
Despite the constraints and challenging environment, your company has performed well during the year 2012-13 and sustained the turnover and profit.
Gross operating income for the year under report was Rs.769.063 Millions as against Rs.770.789 Millions thus registering a marginal reduction of 0.22%. During the year the company has added fixed assets amounting to Rs.168.099 Millions and incurred capital expenditure amounting to Rs.286.157 Millions. The depreciation for the year is inclusive of accelerated depreciation amounting to Rs.6.550 Millions on account of impaired equipments.
The Finance costs have risen during the year by Rs.7.972 Millions due to increase in interest costs on fresh borrowings.
While the company has taken all steps that are needed to face the challenges and persist to focus on the various areas of operations, factors like continuous increase in diesel costs, inflation, interest costs and extraneous aspects might negatively impact the growth and bottom line.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10467670 |
21/12/2013 |
4,444,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B92546241 |
|
2 |
10459971 |
11/10/2013 |
4,726,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B89445373 |
|
3 |
10378760 |
07/08/2012 |
138,300,000.00 |
INDIAN BANK |
ETHIRAJ SALAI, EGMORE, CHENNAI, TAMILNADU - 600008, INDIA |
B58985516 |
|
4 |
10363932 |
14/06/2012 |
4,950,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B42969790 |
|
5 |
10333954 |
27/01/2012 |
27,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B31432479 |
|
6 |
10324077 |
01/12/2011 |
4,400,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B28199453 |
|
7 |
10303573 |
05/07/2011 |
32,670,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B19320563 |
|
8 |
10273501 |
04/03/2011 |
1,400,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B08636961 |
|
9 |
10270260 |
22/02/2011 |
1,400,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B07657323 |
|
10 |
10273504 |
22/02/2011 |
2,700,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B08637076 |
|
11 |
10245164 |
28/09/2010 |
1,955,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A96756879 |
|
12 |
10236126 |
31/07/2010 |
6,648,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A93130128 |
|
13 |
10196084 |
24/02/2014 * |
160,000,000.00 |
IDBI BANK LIMITED |
NO.7, CHEVALIAR SHIVAJI GANESH SALAI, (SOUTH BOAG |
C00462838 |
|
14 |
10114025 |
23/06/2008 |
3,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A41500067 |
|
15 |
90300402 |
15/11/1995 * |
7,500,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
16 |
90300209 |
04/08/1992 |
1,000,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
17 |
90300111 |
08/08/1991 |
3,500,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
18 |
90299892 |
21/06/1989 |
1,670,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
19 |
90299873 |
13/04/1989 |
5,290,200.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
20 |
90299849 |
28/01/1989 |
1,796,800.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
21 |
90299830 |
24/11/1988 * |
901,400.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
22 |
90299828 |
19/11/1988 * |
4,367,200.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
23 |
90301383 |
12/10/1988 |
5,000,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
24 |
90299806 |
14/09/1988 * |
2,500,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
25 |
90299747 |
10/03/1988 * |
975,400.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
26 |
90298337 |
10/07/1986 |
3,709,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
27 |
90298338 |
06/05/1986 |
3,408,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
|
28 |
90299450 |
31/01/1984 |
2,200,000.00 |
BANK OF MADURA LIMITED |
44 MOORA STREET, MADRAS, TAMILNADU - 600001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Machinery
· Office Vehicles
· Furniture/office equipments
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.58.59 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.