MIRA INFORM REPORT
|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SREI EQUIPMENT FINANCE LIMITED (w.e.f. 01.11.2013) |
|
|
|
|
Formerly Known
As : |
SREI
EQUIPMENT FINANCE PRIVATE LIMITED (w.e.f 13.05.2008) SREI
INFRASTRUCTURE DEVELOPMENT FINANCE PRIVATE LIMITED (w.e.f. 28.09.2007) SREI
INFRASTRUCTURE DEVELOPMENT FINANCE LIMITED (w.e.f. 16.04.2007) SREI
INFRASTRUCTURE DEVELOPMENT LIMITED |
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|
|
Registered
Office : |
Vishwakarma,
86-C, |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
13.06.2006 |
|
|
|
|
Com. Reg. No.: |
21-109898 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 596.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70101WB2006PLC109898 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
To commence / carry on the business of Non-Banking
Financial Institution ('NBFC) without accepting public deposits. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
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 59000000 |
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|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a joint venture between “SREI INFRASTRUCTURE FINANCE LIMITED” and “BNP PARIBAS LEASE GROUP”. It
is well-established company having fine track record. The rating reflects
company’s healthy operational risk profile supported by well-established
business network with large customer base, diversified credit portfolio and
satisfactory financial performance of the company. Trade relations
are reported as fair. Business is active. Payments are reported to be regular
and as per commitment. In view of strong
joint venture partners, 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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 |
Short Term debt Programme = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
September 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 DECLINED
Management Non Cooperative (91-33-61607734)
LOCATIONS
|
Registered Office : |
Vishwakarma, 86-C,
Topsia Road (South), Kolkata-700046, West Bengal, India |
|
Tel. No.: |
91-33-66394700 / 61607734 / 22857542 / 8501 |
|
Fax No.: |
91-33-66022200 |
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E-Mail : |
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Website : |
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Head Office : |
Y-10, Block, - EP Sector – V, Saltlake City, Kolkata – 700091, West
Bengal, India |
|
Tel. No.: |
91-33-66394700 |
|
Fax No.: |
91-33-66022600 |
|
E-Mail : |
DIRECTORS
As on 01.07.2014
|
Name : |
Mr. Hemant
Kanoria |
|
Designation : |
Chairman and
Managing Director |
|
Address : |
Kanoria House, 3 Middle Road, Hastings, Kolkata – 700022,
West Bengal |
|
Date of Birth/Age : |
05.08.1962 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
30.10.1990 |
|
DIN No.: |
00193015 |
|
PAN No.: |
AKSPK3708R |
|
|
|
|
Name : |
Mr. Sunil Kanoria |
|
Designation : |
Vice Chairmen |
|
Address : |
Kanoria House, 3 Middle Road, Hastings, Kolkata – 700022, West Bengal |
|
Date of Birth/Age : |
04.05.1965 |
|
Qualification : |
B. Com., FCA |
|
Date of Appointment : |
05.07.1989 |
|
DIN No.: |
00421564 |
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PAN No.: |
AFTPK7014E |
|
|
|
|
Name : |
Mr. Shyamalendu
Chatterjee |
|
Designation : |
Director |
|
Address : |
South City
Apartments, 17K, Tower 1, SVC – 2, 375 Prince Anwar Shah Road, Kolkata –
700068, West Bengal, India |
|
Date of Birth/Age : |
24.12.1946 |
|
Qualification : |
BA |
|
Date of Appointment : |
29.04.2009 |
|
DIN No.: |
00048249 |
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PAN No.: |
AAIPC6471F |
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|
|
|
Name : |
Mr. Didier Jean Chappet |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
6, CITE Medicis, 78100 St. Germain EN Laye, France |
|
Date of Birth/Age : |
30.09.1954 |
|
Date of Appointment : |
17.06.1013 |
|
DIN No.: |
06600628 |
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|
|
|
Name : |
Mr. Olivier De Ryck |
|
Designation : |
Director |
|
Address : |
46, Boulevard Raspail, Paris 75007, France |
|
Date of Birth/Age : |
19.05.1963 |
|
Date of Appointment : |
04.02.1014 |
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DIN No.: |
08600248 |
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|
|
|
Name : |
Mr. Kora Ipe Puthenpurockal |
|
Designation : |
Director |
|
Address : |
10A, Vaibhav Apartments, 80 Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1951 |
|
Date of Appointment : |
26.10.2010 |
|
DIN No.: |
02780367 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Mathur |
|
Designation : |
Secretary |
|
Address : |
H3, 7, NBCC Complex, New Town, Kolkata – 700156, West Bengal, India |
|
Date of Birth/Age : |
22.08.1962 |
|
Date of Appointment : |
01.07.2014 |
|
PAN No. : |
AHYPM8893Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
Srei Infrastructure Finance Limited, India |
|
29829997 |
|
BNO Paribas Lease Group, France |
|
29829997 |
|
Hemant Kanoria |
|
1 |
|
Sunil Kanoria |
|
1 |
|
Sanjeev sancheti |
|
1 |
|
Didier Jean Chappet |
|
1 |
|
Thierry Bonetto |
|
1 |
|
Jean Michael Vendassi |
|
1 |
|
Total |
|
59660000 |
As on 01.07.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Public financial companies |
50.00 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To commence / carry on the business of Non-Banking
Financial Institution ('NBFC) without accepting public deposits. |
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Products : |
Not Available |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Financial Institution : |
Australia and New Zealand Banking Group Limited, Cnergy ,
Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra, India |
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Auditors : |
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|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
22, Camac Street, 3rd Floor, Block 'C', Kolkata – 700016,
West Bengal, India |
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Tel. No.: |
91-33-66153400 |
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Fax No.: |
91-33-22817750 |
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PAN No.: |
AALFS0506L |
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Joint Venture : |
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Enterprise over
which KMP is having significant influence : |
Viom Networks Limited |
CAPITAL STRUCTURE
As on 01.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000,000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59,660,000 |
Equity Shares |
Rs.10/- each |
Rs.596.600 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
596.600 |
596.600 |
532.200 |
|
(b) Reserves & Surplus |
20369.000 |
18115.200 |
13484.000 |
|
(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) |
20965.600 |
18711.800 |
14016.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
40923.800 |
43288.600 |
35139.800 |
|
(b) Deferred tax liabilities (Net) |
1569.400 |
1528.700 |
1113.300 |
|
(c) Other long term
liabilities |
1455.000 |
1531.500 |
1239.200 |
|
(d) long-term
provisions |
1581.400 |
1353.800 |
1255.400 |
|
Total Non-current
Liabilities (3) |
45529.600 |
47702.600 |
38747.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
73952.100 |
74363.800 |
46615.700 |
|
(b) Trade
payables |
2821.800 |
3729.100 |
6613.400 |
|
(c) Other
current liabilities |
18270.700 |
19519.600 |
22326.800 |
|
(d) Short-term
provisions |
1131.700 |
853.000 |
517.500 |
|
Total Current
Liabilities (4) |
96176.300 |
98465.500 |
76073.400 |
|
|
|
|
|
|
TOTAL |
162671.500 |
164879.900 |
128837.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
12535.800 |
12428.300 |
12401.400 |
|
(ii)
Intangible Assets |
378.600 |
181.000 |
171.600 |
|
(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 |
11.300 |
18.400 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
77190.300 |
84796.400 |
62137.100 |
|
(e) Other
Non-current assets |
2686.800 |
2015.300 |
3157.600 |
|
Total Non-Current
Assets |
92802.800 |
99439.400 |
77867.700 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
297.100 |
295.300 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
659.700 |
402.000 |
255.400 |
|
(d) Cash
and cash equivalents |
6173.600 |
10289.400 |
9628.900 |
|
(e)
Short-term loans and advances |
17192.300 |
10472.100 |
8178.000 |
|
(f) Other
current assets |
45546.000 |
43981.700 |
32907.300 |
|
Total
Current Assets |
69868.700 |
65440.500 |
50969.600 |
|
|
|
|
|
|
TOTAL |
162671.500 |
164879.900 |
128837.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26179.300 |
23732.000 |
18177.900 |
|
|
|
Other Income |
14.000 |
5.700 |
7.300 |
|
|
|
TOTAL (A) |
26193.300 |
23737.700 |
18185.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Miscellaneous expenditure
written off |
8.400 |
8.400 |
8.500 |
|
|
|
Employees benefits expense |
960.300 |
1152.100 |
1009.800 |
|
|
|
Other expenses |
1302.700 |
1185.500 |
1075.400 |
|
|
|
Bad debts written off (Net) |
2308.300 |
1319.100 |
976.800 |
|
|
|
Provision for Non-Performing Assets |
289.200 |
45.700 |
26.200 |
|
|
|
Contingent provisions against
standard assets |
(3.400) |
86.700 |
36.500 |
|
|
|
TOTAL (B) |
4865.500 |
3797.500 |
3133.200 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21327.800 |
19940.200 |
15052.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15328.900 |
13666.000 |
10439.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5998.900 |
6274.200 |
4612.800 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2423.400 |
2239.400 |
1566.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3575.500 |
4034.800 |
3046.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1321.700 |
1335.600 |
1073.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2253.800 |
2699.200 |
1972.300 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.78 |
47.60 |
37.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.61 |
11.37 |
10.85 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
81.47 |
84.02 |
82.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.20 |
2.45 |
2.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.22 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.48 |
6.29 |
5.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73 |
0.66 |
0.67 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
532.200 |
596.600 |
596.600 |
|
Reserves & Surplus |
13484.000 |
18115.200 |
20369.000 |
|
Net worth |
14016.200 |
18711.800 |
20965.600 |
|
|
|
|
|
|
long-term borrowings |
35139.800 |
43288.600 |
40923.800 |
|
Short term borrowings |
46615.700 |
74363.800 |
73952.100 |
|
Total borrowings |
81755.500 |
117652.400 |
114875.900 |
|
Debt/Equity ratio |
5.833 |
6.288 |
5.479 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
18177.900 |
23732.000 |
26179.300 |
|
|
|
30.554 |
10.312 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
18177.900 |
23732.000 |
26179.300 |
|
Profit |
1972.300 |
2699.200 |
2253.800 |
|
|
10.85% |
11.37% |
8.61% |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
CALCUTTA HIGH COURT
CASE STATUS INFORMATION SYSTEM
|
Case Status : Pending |
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Status of APPEAL FROM ORDER (APO) 300 of 2014 MIC ELECTRONICS LTD & ANR. |
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Vs. SREI EQUIPMENT FINANCE LTD |
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Pet's Adv. : B.M. LAW CHAMBERS |
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Res's
Adv.
: |
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Court No. : 12 |
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Next Date of Hearing : Monday, November 17, 2014 |
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Last Listed On : Wednesday, November 12, 2014 |
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Category : NO CATEGORY MENTIONED |
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Case Updated on: Wednesday, November 12, 2014 |
CORPORATE INFORMATION
Subject (Formerly, Srei Equipment Finance Private Limited) (the 'Company') is a public limited Company domiciled in India and incorporated under the provisions of the Companies Act' 1956. The Company has received a Certificate of Registration from the Reserve Bank of India ('RBI') on 3rd September, 2008 to commence / carry on the business of Non-Banking Financial Institution ('NBFC) without accepting public deposits.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWINGS |
|
|
|
Debentures |
|
|
|
Subordinated perpetual debentures (Tier I Capital) |
375.000 |
375.000 |
|
Subordinated redeemable debentures (Tier II Capital) |
7458.000 |
6190.000 |
|
Term loans Subordinated loans (Tier II Capital) |
|
|
|
From banks (Rupee loans) |
2500.000 |
2500.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Commercial papers (from other than banks) |
5156.900 |
1040.900 |
|
Total |
15489.900 |
10105.900 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10512206 |
15/07/2014 |
1,250,000,000.00 |
DEUTSCHE BANK AG |
BROOKE HOUSE, 9 SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700071, INDIA |
C14596399 |
|
2 |
10521758 |
04/07/2014 |
1,200,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C21408992 |
|
3 |
10515566 |
26/06/2014 |
200,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C15377187 |
|
4 |
10515565 |
20/06/2014 |
100,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C15375652 |
|
5 |
10514855 |
13/06/2014 |
100,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C15582695 |
|
6 |
10515147 |
15/05/2014 |
500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C15587736 |
|
7 |
10496606 |
25/06/2014 * |
1,200,000,000.00 |
STANDARD CHARTERED BANK |
19, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
C10951242 |
|
8 |
10497041 |
15/03/2014 |
500,000,000.00 |
THE LAKSHMI VILAS BANK LIMITED |
THE LAKSHMI VILAS BANK LIMITED, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C02890895 |
|
9 |
10483070 |
07/03/2014 |
1,000,000,000.00 |
STATE BANK OF HYDERABAD |
COMMERCIAL BRANCH,, TRINITY TOWER, GROUND FLOOR, |
B98675325 |
|
10 |
10489296 |
01/03/2014 |
1,000,000,000.00 |
ANDHRA BANK |
CHOWRINGHEE BRANCH, 58, CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
C03532157 |
|
11 |
10486167 |
27/02/2014 |
1,000,000,000.00 |
VIJAYA BANK |
BRABOURNE ROAD BRANCH, 1, R. N. MUKHERJEE ROAD, K |
C00934919 |
|
12 |
10467741 |
29/11/2013 |
330,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
SHAKESPEARE SARANI BRANCH, S.B.TOWERS, 37,SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700017, INDIA |
B92571850 |
|
13 |
10467742 |
29/11/2013 |
500,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
SHAKESPEARE SARANI BRANCH, S.B.TOWERS, 37,SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700017, INDIA |
B92571918 |
|
14 |
10461247 |
30/10/2013 |
1,000,000,000.00 |
BANK OF INDIA |
KOLKATA LARGE CORPORATE BRANCH, 5, B.T.M. SARANI , KOLKATA, WEST BENGAL - 700001, INDIA |
B89962120 |
|
15 |
10450434 |
26/09/2013 |
3,000,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
CONSTANTIA BUILDING, 8TH FLOOR, 11 U.N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA |
B85520757 |
|
16 |
10449551 |
03/09/2013 |
750,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B85215390 |
|
17 |
10439726 |
10/06/2013 |
4,010,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S |
B80726276 |
|
18 |
10430941 |
28/05/2013 |
1,000,000,000.00 |
CORPORATION BANK |
CORPORATE LENDING BRANCH, 17, BRABOURNE ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
B77033751 |
|
19 |
10429573 |
03/05/2013 |
1,000,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH 1, MAKER TOWER-F, 20TH FLOOR, 85, CUFF PARADE, MUMBAI, MAHARASHTRA -400005, INDIA |
B76507896 |
|
20 |
10429575 |
03/05/2013 |
2,500,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH 1, MAKER TOWER-F, 20TH FLOOR, 85, CUFF PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B76508167 |
|
21 |
10422234 |
28/06/2014 * |
400,000,000.00 |
CORPORATION BANK |
CORPORATE BANKING BRANCH, 21, HEMANTA BASU SARANI, CENTRE POINT, KOLKATA, WEST BENGAL - 700001, INDIA |
C16571887 |
|
22 |
10412243 |
10/12/2013 * |
3,300,000,000.00 |
STANDARD CHARTERED BANK |
19 NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
B91294470 |
|
23 |
10414351 |
01/03/2013 * |
1,250,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE BRANCH, 3, NETAJI SUBHAS ROAD, |
B72255235 |
|
24 |
10415082 |
18/02/2013 |
400,000,000.00 |
THE LAKSHMI VILAS BANK LIMITED |
BHARAT HOUSE, 104, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B71858880 |
|
25 |
10414188 |
08/02/2013 |
4,000,000,000.00 |
ALLAHABAD BANK |
STEPHEN HOUSE BRANCH, 4, B. B. D. BAG (EAST), KOLKATA, WEST BENGAL - 700001, INDIA |
B71577811 |
|
26 |
10406706 |
04/02/2013 |
1,000,000,000.00 |
STATE BANK OF MYSORE |
BENTINCK STREET BRANCH, 1 & 2, OLD COURT HOUSE
CO |
B69011617 |
|
27 |
10399224 |
27/03/2014 * |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, 44, PARK STREET, KOLKATA, |
C01134022 |
|
28 |
10399612 |
28/12/2012 |
500,000,000.00 |
STATE BANK OF HYDERABAD COMMERCIAL BRANCH |
TRINITY TOWER, GROUND FLOOR, 83 TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B66364878 |
|
29 |
10396906 |
28/12/2012 |
1,000,000,000.00 |
DENA BANK |
BECK BAGAN BRANCH, 3, MRIGENDRALAL MITRA ROAD, KOLKATA, WEST BENGAL - 700017, INDIA |
B65855793 |
|
30 |
10395717 |
19/12/2012 |
1,250,000,000.00 |
ORIENTAL BANK OF COMMERCE |
PARK STREET BRANCH,, 107/1, PARK STREET (1ST FLOOR), KOLKATA, WEST BENGAL - 700016, INDIA |
B65409054 |
|
31 |
10394830 |
03/12/2012 |
1,000,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
PARK STREET BRANCH, 20B, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B65113243 |
|
32 |
10394096 |
09/06/2014 * |
1,000,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH ,KOLKATA, 33, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
C09907163 |
|
33 |
10392583 |
23/11/2012 |
1,000,000,000.00 |
ANDHRA BANK |
CHOWRINGHEE BRANCH, 58, CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
B64372063 |
|
34 |
10389177 |
05/11/2012 |
1,000,000,000.00 |
SYNDICATE BANK |
LARGE CORPORATE BRANCH, L.I.C BUILDING, ILLACO HO USE,1,BRABOURNE ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
B63052781 |
|
35 |
10387373 |
01/11/2012 |
1,000,000,000.00 |
ICICI BANK LIMITED |
BRANCH OF :- 2B, GORKY TERRACE, KOLKATA - 700017, LANDMARKRACE COURCE CIRCLE ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B62295365 |
|
36 |
10389300 |
18/10/2012 |
1,010,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B62446554 |
|
37 |
10378189 |
27/09/2012 |
4,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUD FLOOR, 17, R. KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B58462094 |
|
38 |
10379445 |
27/09/2012 |
1,000,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH, KOLKATA, 33, NETAJI SUB |
B59243402 |
|
39 |
10379128 |
26/09/2012 |
1,000,000,000.00 |
ALLAHABAD BANK |
STEPHEN HOUSE BRANCH, 4, B. B. D. BAG (EAST), KOLKATA, WEST BENGAL - 700001, INDIA |
B59142992 |
|
40 |
10380626 |
25/09/2012 |
2,000,000,000.00 |
INDIAN OVERSEAS BANK |
INTERNATIONAL BUSINESS BRANCH, 2, WOOD STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B59719476 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Furniture and fixtures
- Motor vehicles
- Computers
- Office equipments
- Aircrafts
- Earthmoving Equipments
- Motor vehicles
- Plant & Machinery
- Wind Mills
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.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
65 |
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.