|
Report Date : |
12.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
THE RATNAKAR BANK LIMITED |
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Registered
Office : |
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Country : |
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Financials (as on)
: |
31.03.2014 |
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Date of
Incorporation : |
14.06.1943 |
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Com. Reg. No.: |
11-007308 |
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Capital
Investment / Paid-up Capital : |
Rs. 2720.402 Millions |
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CIN No.: [Company Identification
No.] |
U65191PN1943PLC007308 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KLPT01764A/ MUMT09278D/ KLPT01905B/ KLPT01845E/ KLPT01800B/
KLPT01797F/ KLPT01864C/ KLPT081858D/ PNET08057A/ PNET07964F/ MUMT09900C/ PNET03925F/
KLPT01783F/ MUMT03234A/ KLPT01940B/ KLPT01924G |
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PAN No.: [Permanent Account No.] |
AABCT3335M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Banking Activities. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (70) |
|
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 |
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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 and reputed bank having fine track
record. The ratings takes into consideration bank’s long track record
supported experienced senior management team, diversifying revenue sources
and comfortable capitalization level. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The bank 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs arm
that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fixed deposit programme MAA- |
|
Rating Explanation |
High degree of safety and very Low credit risk. |
|
Date |
July 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fixed deposit programme A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
July 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-22-43020600)
LOCATIONS
|
Registered Office : |
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Tel. No.: |
91-231-2656831/ 2653006 |
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Fax No.: |
91-231-2653658 |
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E-Mail : |
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Websites : |
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Administrative Office : |
Mahavir, 179/E Ward, Shri Shahu Market Yard, |
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Tel. No.: |
91-231-2650981 to 984 |
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Fax No.: |
91-231-2657386 |
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Controlling Office : |
One India Bulls Center, Tower 2B, 6th Floor, 841, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-43020600 |
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Fax No.: |
91-22-43020520 |
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Branches |
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DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Vishwavir Ahuja |
|
Designation : |
Managing Director & CEO |
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Name : |
Ms. Rama Bijapurkar |
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Designation : |
Director |
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Name : |
Mr. Bahubali Arwade |
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Designation : |
Director |
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|
Name : |
Mr. Girish Godbole |
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Designation : |
Director |
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Name : |
Mr. Jairaj Purandare |
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Designation : |
Director |
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|
Name : |
Mr. Kiran Patil |
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Designation : |
Director |
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Name : |
Mr. Narayan Ramachandran |
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Designation : |
Director |
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Name : |
Mr. Palepu. Sudhir Rao |
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Designation : |
Director |
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Name : |
Mr. Vimal Bhandari |
|
Designation : |
Director |
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|
Name : |
Mr. D. Sivanandhan |
|
Designation : |
Director |
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Name : |
Mr. Ajay Michyari |
|
Designation : |
RBI - Additional Director |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev Ahuja |
|
Designation : |
Head - Strategy |
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|
Name : |
Mr. Nitin Chopra |
|
Designation : |
Head - Retail and Consumer Banking |
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|
Name : |
Mr. R. Gurumurthy |
|
Designation : |
Head - Corporate and Institutional Banking |
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|
Name : |
Mr. Sunil Gulati |
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Designation : |
Chief Risk Officer |
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|
Name : |
Mrs. Shanta Vallury |
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Designation : |
Head – Corporate Afffairs, Organisational Effectiveness and Special |
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Name : |
Mr. Suhas Sahakari |
|
Designation : |
Head - Kolhapur Region |
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Name : |
Mr. Sandeep Thapliyal |
|
Designation : |
Head - Commercial Banking |
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|
Name : |
Mr. Andrew Gracias |
|
Designation : |
Head - Financial Markets |
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|
Name : |
Mr. Surinder Chawla |
|
Designation : |
Head - Branch Banking |
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|
Name : |
Mr. Rana Vikram Anand |
|
Designation : |
Head – Business Banking and Emerging Enterprise Finance |
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|
Name : |
Mr. Harjeet Toor |
|
Designation : |
Head – Retail Assets and Small Business Lending |
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Name : |
Mr. Aseem Gandhi |
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Designation : |
Head - Development Banking and Financial Inclusion |
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Name : |
Mr. Manoj Rawat |
|
Designation : |
Head - Agri Business |
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Name : |
Mr. Naresh Karia |
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Designation : |
Chief Financial Officer |
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|
Name : |
Mr. Tajinder Kumar |
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Designation : |
Head - Human Resources |
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Name : |
Mr. Joginder Singh Rana |
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Designation : |
Chief Operations Officer |
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|
Name : |
Mr. Sanjay Sharma |
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Designation : |
Head - Technology, Innovation and Customer Fulfilment |
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|
Name : |
Mr. Satish Dhawan |
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Designation : |
Chief Infrastructure and Administration Officer |
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|
Name : |
Mr. Sanjit Chowdhry |
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Designation : |
Head - Wholesale Credit Risk |
BUSINESS DETAILS
|
Line of Business : |
Banking Activities. |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Reserve Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Statutory Auditors : |
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Name : |
S. R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (W),
Mumbai – 400028, Maharashtra, India |
|
|
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Associates/Subsidiaries
: |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Ordinary Shares |
Rs.10/- each |
Rs. 4000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
272040198 |
Ordinary Shares |
Rs.10/- each |
Rs.2720.402 Millions |
|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
CAPITAL AND
LIABILITIES |
|
|
|
|
1] Capital |
2720.402 |
2529.247 |
2149.474 |
|
2] Share Application Money |
1295.024 |
0.000 |
0.000 |
|
3] Reserves & Surplus |
16132.172 |
13538.214 |
9282.471 |
|
4] Deposits |
115986.021 |
83405.186 |
47393.299 |
|
5] Borrowings |
38955.438 |
27373.491 |
11985.517 |
|
6] Other Liabilities and Provision |
6892.271 |
2787.483 |
1242.489 |
|
|
|
|
|
|
TOTAL |
181981.328 |
129633.621 |
72053.250 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and Balances With Reserve Bank of |
9807.335 |
2908.405 |
2633.028 |
|
Balances With Banks and Money at Call and Short Notice |
2115.155 |
3977.427 |
3228.160 |
|
Investment |
65180.386 |
55714.205 |
23338.347 |
|
Advances |
98350.473 |
63762.120 |
41322.694 |
|
Fixed Assets |
1343.485 |
942.624 |
588.951 |
|
Other Assets |
5184.494 |
2328.840 |
942.070 |
|
|
|
|
|
|
TOTAL |
181981.328 |
129633.621 |
72053.250 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
INCOME |
|
|
|
|
|
|
|
Interest Earned |
13516.153 |
8793.209 |
4650.835 |
|
|
|
Other Income |
2609.715 |
1264.381 |
671.327 |
|
|
|
TOTAL (A) |
16125.868 |
10057.590 |
5322.162 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Interest Expanded |
10099.892 |
6217.734 |
2782.912 |
|
|
|
Operating Expenses |
4239.032 |
2272.961 |
1390.967 |
|
|
|
Provision and Contingencies |
860.245 |
642.207 |
490.990 |
|
|
|
TOTAL
(B) |
15199.169 |
9132.902 |
4664.869 |
|
|
|
|
|
|
|
|
Less |
NET
PROFIT/(LOSS) FOR THE YEAR |
926.699 |
924.688 |
657.293 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.179 |
0.589 |
3.987 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Statutory Reserve |
240.000 |
240.000 |
165.000 |
|
|
|
Transfer to Capital Reserve |
18.520 |
20.436 |
14.409 |
|
|
|
Transfer to Revenue and Other Reserves |
370.000 |
485.000 |
405.000 |
|
|
|
Transfer to Investment Reserve |
0.000 |
0.000 |
1.503 |
|
|
|
Proposed Dividend |
245.821 |
151.871 |
64.484 |
|
|
|
Tax on Dividend |
41.777 |
25.791 |
10.295 |
|
|
Balance carried to the b/s |
12.760 |
2.179 |
0.589 |
|
|
|
|
928.878 |
925.277 |
661.280 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
3.63 |
4.19 |
3.06 |
|
|
|
Diluted |
3.61 |
4.16 |
3.04 |
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
|
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 |
No |
|
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 |
No |
|
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 |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
HIGH COURT OF |
|
CASE DETAILS BENCH: |
|
Presentation
Date :- 18.09.2014 |
|
Lodging No: WPST/24980/2014 Filing
Date: 18.09.2014 |
|
Petitioner:- M/S ASHOK ENTERPRISES THROUGH ITS
Respondent:- RATNAKAR BANK LTD. AND ANR. - Petn. Adv. :- PRAMOD GOKUL KATHANE (13295) Resp. Adv.:- 0 (0) District :- |
|
Bench :- DIVISION Status:- Pre-Admission
Last Date:- 25/09/2014
Stage: Last Coram:- REGISTRAR (JUDICIAL) |
|
Act: Debt Tribunal
Recovery Act |
FINANCIAL PERFORMANCE
The Bank posted a net total income of Rs. 6026.000 Millions and net profit of Rs. 1335.600 Millions [#before acquisition expense towards purchase of business portfolios from Royal Bank of Scotland in India (as explained in more detail in notes to accounts)], as against a net total income of Rs. 3839.900 Millions and net profit of Rs. 924.700 Millions for FY13, respectively. Accordingly, the net profit has increased by 44.43%.The net profit after considering the acquisition expense referred above is Rs. 926.700 Millions. Appropriations from net profit have been done as detailed herein above.
REVIEW OF OPERATIONS
Armed with a vision of being a pan-India banker, the Bank continues to stay on course, leveraging on its strength of passion, legacy, achievements and penetration in new regions. Continuing on its journey of ‘Building it Right,’ today the Bank is infused with “New Energy” and is “Gaining Momentum”. It took strides towards establishing itself firmly in the Indian private banking space. The Bank focused on its strategy to meet the changing needs of customers. It is focusing on value addition and building capabilities with a view to build long-term relationships and also on improving its service standards. It has achieved this through the following initiatives:
FINANCIAL OVERVIEW
The year FY14, was a milestone year for the Bank as it continued to focus on expanding its presence, widening its offerings apart from making strategic acquisition and mobilising additional capital. Besides, it also focused on customer centricity backed by implementation of various technology initiatives. The Bank recorded commendable The increase in Net total Income financial numbers during the year as tabulated in the Directors Report.
CONTINGENT
LIABILITIES:
|
Particular |
31.03.2014 (Rs. In
Millions) |
31.03.2013 (Rs. In
Millions) |
|
1. Claims against the Bank not acknowledged as debts |
18.955 |
5.455 |
|
2. Liability for Partly Paid Investment |
8.500 |
21.358 |
|
3. Liability on Account of Outstanding forward Exchange contracts |
54131.435 |
37752.173 |
|
4. Liability on Account Of Outstanding derivative contracts |
|
|
|
i) Interest Rate Swaps |
30000.000 |
250.000 |
|
ii) Cross Currency Swaps |
747.528 |
0.000 |
|
iii) Currency Options |
9256.735 |
4772.600 |
|
5. Guarantees given on behalf of constituents |
|
|
|
(i) In India |
9401.907 |
6391.823 |
|
(ii) Outside India |
7572.303 |
9958.060 |
|
6. Acceptances, Endorsements and other Obligations |
8239.860 |
2851.552 |
|
7. Other items for which the Bank is contingently liable |
|
|
|
a) Income tax and other matters (under appeal) |
61.384 |
78.140 |
|
b) Others |
3300.127 |
1400.520 |
|
Total |
122738.734 |
63481.681 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
PRESS RELEASE
RBL Bank to raise about
Rs 500 cr from IPO in Q4 FY15
PTI May 9, 2014,
08.55AM IST
NEW DELHI: RBL Bank, formerly
known as Ratnakar Bank,
today said it plans to raise a minimum Rs 500 crore through an initial public
offer in the fourth quarter of current financial year.
"We will start the basic
process for IPO in
the next 2-3 months ... we hope to hit the market in the early part of the next
year," RBL Bank Managing Director Vishwavir Ahujatold
PTI.
"The quantum of offer is not
finalised yet but we plan to raise minimum Rs 5000.000 Millions or 10 per cent
of stake dilution," he said.
The bank has build scale and size
so that bank get right valuation for its shares, he added.
The bank currently services more
than 0.500 Million customers and has a total business size of over Rs
210000.000 Millions. It got capital support of about Rs 15000.000 Millions from
global and domestic investors in the last three years.
Last month, the bank raised Rs.
3280.000 Millions from a group of global investors, including CDC Group and Asia Capital and Advisors.
Existing investors, including
International Finance Corporation (IFC) and Gaja Capital,
also participated in the capital infusion.
With this capital infusion, the
total Tier I capital rose to Rs 20000.000 Millions.
Meanwhile, the bank launched
co-branded cricket credit card tailored to offer lifestyle and sporting
privileges to growing community of cricket fans.
The launch of a cricket credit
presents a platform for the growing fans of the game and the club to engage
with their team, he said.
Powered with host of features, the
annual fee for this card would be Rs 1,000.
Currently, the bank has 1 lakh
credit card customers and aims to increase the number to 0.500 Million in the
next 4-5 years.
Last year, the bank acquired some
assets of Royal Bank of
Scotland Group (RBS), including the UK bank's mortgages, credit
card and loan-against-property portfolios.
RBL Bank plans to
launch IPO in next three quarters
PTI Nov 9, 2014,
10.54AM IST
NEW DELHI: RBL Bank, formerly
known as Ratnakar Bank,
plans to raise funds through an initial public
offer which will hit the market in the next 8-9 months.
"We are preparing ourselves for
the IPO and it may hit market in 8-9 months. It would not happen this fiscal
but next calender year," RBL Bank Managing Director
Vishwavir Ahuja told PTI.
The quantum of offer has not been
finalised by the board of the bank, he said, adding that the decision will be
taken in the next few months after taking into account various factors
including Basel III requirement.
The bank has been able to build
scale and size in the last four years so that it gets right valuation, he said.
The capital is required for the
next phase of operation as the bank has already done with transformation stage,
he said, adding it has got high technology and risk management system.
The bank services more than 0.600
Million customers and has a total business size of over Rs 260000.000 Millions.
As of September total deposits were Rs 120000.000 Millions while advances stood
at Rs 140000.000 Millions.
The bank posted a net profit of Rs
870.000 Millions for six months ended September 2014, while for the entire
2013-14 the profit stood at Rs 930.000 Millions.
"So we have almost matched
the net profit of the last fiscal in the first two quarters of the current
financial year," he said.
It got capital support of about Rs
15000.000 Millions from global and domestic investors in the last three years.
The bank had raised Rs 3280.000
Millions from a group of global investors, including CDC Group and Asia Capital
and Advisors in April 2014.
Existing investors,
including International
Finance Corporation (IFC) and Gaja Capital, also participated
in the capital infusion.
Last year, the bank acquired some
assets of Royal Bank of Scotland Group (RBS), including the UK bank's
mortgages, credit card and loan-against-property portfolios.
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. 61.55 |
|
|
1 |
Rs. 97.52 |
|
Euro |
1 |
Rs. 76.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
70 |
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.