MIRA INFORM REPORT
|
Report Date : |
27.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
TATA CONSULTING ENGINEERS LIMITED (w.e.f.18.01.2010) |
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Formerly Known
As : |
TCE CONSULTING ENGINEERS LIMITED |
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Registered
Office : |
Matulya Centre, 1st Floor, A-249, S B Marg, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.12.1999 |
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Com. Reg. No.: |
11-123010 |
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Capital
Investment / Paid-up Capital : |
Rs.100.000 Millions |
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CIN No.: [Company Identification
No.] |
U74210MH1999PLC123010 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT06732F |
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PAN No.: [Permanent Account No.] |
AABCT0772E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the
business of providing engineering consultancy services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (74) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Tata Sons Limited” one of the leading
Indian engineering consultants having executed over 6000 projects in India
and overseas covering diverse industries. It is a well-established and reputed company having fine track record.
The rating reflects TCE’s well diversified presence spanning over five
decades in providing engineering consultancy services across various sector
supported by strong financial base with adequate Liquidity profile and favorable
profitability margins of the company. Trades relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitment. 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.
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
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Rating Agency Name |
ICRA |
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Rating |
AA (Long Term Loans) |
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Rating Explanation |
High credit quality and low credit risk. |
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Date |
November 2014 |
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Rating Agency Name |
ICRA |
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Rating |
A1+ (Non Fund Based Limits) |
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Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
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Date |
November 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 (91-22-61148181)
LOCATIONS
|
Registered Office : |
Matulya Centre, 1st Floor, A-249, S B Marg, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Tel. No.: |
91-22-66624743 |
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Fax No.: |
91-22-66624768 |
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E-Mail : |
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Website : |
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Corporate Office : |
4th Floor, Tower A, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India |
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Tel. No.: |
91-22-61148181 |
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Fax No.: |
91-22-61148282 |
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Branch Office : |
Located at:
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DIRECTORS
As on 12.08.2014
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Name : |
Mr. Prasad Raghava Menon |
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Designation : |
Director |
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Address : |
50-F, Lovedale Peddar Road, Mumbai - 400026, Maharashtra, India |
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Date of Birth/Age : |
23.01.1946 |
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Qualification: |
B. Tech |
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Date of Appointment : |
01.02.2011 |
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DIN No.: |
00005078 |
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Name : |
Mr. Farokh Nariman Subedar |
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Designation : |
Director |
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Address : |
Wadia Building, 6, Babulnath Road, Mumbai - 400007, Maharashtra, India |
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Date of Birth/Age : |
24.09.1955 |
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Qualification: |
ACA,ACS |
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Date of Appointment : |
10.12.1999 |
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DIN No.: |
00028428 |
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Name : |
Padmanabhan Sankaranarayanan |
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Designation : |
Director |
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Address : |
132, Apsara NCPA Apartments, D Tara Road, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Date of Birth/Age : |
15.05.1958 |
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Qualification: |
BE, PGDM IIM (bangalore) |
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Date of Appointment : |
16.07.2013 |
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DIN No.: |
00306299 |
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Name : |
Mr. Arun Prabhat Mull |
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Designation : |
Director |
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Address : |
Gautam Niwasa, Padmavati Devi Road, Opposite IIT Powai, Mumbai 400 076, Maharashtra, India |
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Date of Birth/Age : |
01.10.1944 |
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Qualification: |
B.Tech (Civil) AND M.Tech (Structural) |
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Date of Appointment : |
09.06.2010 |
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PAN No.: |
AAGPM7776F |
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DIN No.: |
00659352 |
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Name : |
Mr. Arunkumar Laxmidas Vora |
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Designation : |
Director |
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Address : |
S2, Orchid Apartments, V Main, Defence Colony, Indira Nagar, Bangalore 560 038, Karnataka, India |
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Date of Birth/Age : |
14.08.1941 |
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Qualification: |
M.E.(Mechanical) |
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Date of Appointment : |
13.05.2003 |
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DIN No.: |
00191774 |
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Name : |
Mr. Jayaraman Pranthathi Haran |
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Designation : |
Managing Director |
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Address : |
21, Radha Building, Seema Society, Ghatla Road, Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
27.09.1950 |
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Qualification: |
B. Tech (Civil), M. Tech(Civil) |
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Date of Appointment : |
01.04.2009 |
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PAN No.: |
AAAPH6234R |
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DIN No.: |
02624272 |
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Name : |
Mr. Amit Sharma |
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Designation : |
Whole-Time Director |
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Address : |
M152, Sector 25, Jal Vayu Vihar, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
18.07.1972 |
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Qualification: |
BE(Me c h ) MS(Mech) |
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Date of Appointment : |
16.07.2013 |
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PAN No.: |
AAPPS0200D |
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DIN No.: |
03212568 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Jayprakash Mishra |
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Designation : |
Secretary |
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Address : |
Quees Marigold CHS, B-7, 3rd Floor, Off Mira Bhayender
Road, Mira Road, East, Mumbai – 401107, Maharashtra, India |
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Date of Birth/Age : |
09.08.1981 |
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Date of Appointment : |
18.06.2014 |
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PAN No.: |
AJIPM5629E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.08.2014
|
Names of Shareholders |
No. of Shares |
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Tata Sons Limited, India |
9999600 |
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Tata Sons Limited, India and F N Subedar, India |
100 |
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Tata Sons Limited, India and K R Bhagat |
100 |
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Tata Sons Limited, India and Girish Valecha |
30 |
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Tata Sons Limited, India and Nikil Kumar |
40 |
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Tata Sons Limited, India and EN Kapadia |
30 |
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Tata Sons Limited, India and AP Charna |
100 |
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TOTAL
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
As on 12.08.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the
business of providing engineering consultancy services. |
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Products : |
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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 : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai - 400 013, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFD2337G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Subsidiary Company: |
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Fellow
Subsidiaries: (With whom the Company has transactions): |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 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 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
100.000 |
100.000 |
100.000 |
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(b) Reserves & Surplus |
2708.788 |
2379.743 |
2214.749 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
2808.788 |
2479.743 |
2314.749 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.242 |
0.610 |
1.116 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
11.838 |
11.838 |
11.838 |
|
(d) long-term provisions |
148.570 |
177.497 |
158.979 |
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Total
Non-current Liabilities (3) |
160.650 |
189.945 |
171.933 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
217.299 |
328.031 |
193.540 |
|
(b) Trade payables |
447.463 |
428.419 |
432.718 |
|
(c) Other current liabilities |
485.324 |
366.855 |
277.027 |
|
(d) Short-term provisions |
381.979 |
290.596 |
256.415 |
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Total
Current Liabilities (4) |
1532.065 |
1413.901 |
1159.700 |
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TOTAL |
4501.503 |
4083.589 |
3646.382 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
590.579 |
597.420 |
676.116 |
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(ii) Intangible Assets |
102.268 |
32.632 |
28.385 |
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(iii) Capital work-in-progress |
69.064 |
56.839 |
22.500 |
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(iv) Intangible assets under
development |
17.784 |
0.373 |
0.300 |
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(b) Non-current Investments |
10.076 |
10.076 |
3.582 |
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(c) Deferred tax assets (net) |
82.246 |
84.904 |
60.425 |
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(d) Long-term Loan and Advances |
411.225 |
332.273 |
200.643 |
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(e) Other Non-current assets |
31.908 |
25.568 |
14.419 |
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Total
Non-Current Assets |
1315.150 |
1140.085 |
1006.370 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1543.485 |
1349.726 |
1138.345 |
|
(d) Cash and cash equivalents |
57.349 |
30.850 |
58.720 |
|
(e) Short-term loans and
advances |
101.251 |
100.942 |
76.057 |
|
(f) Other current assets |
1484.268 |
1461.986 |
1366.890 |
|
Total
Current Assets |
3186.353 |
2943.504 |
2640.012 |
|
|
|
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|
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TOTAL |
4501.503 |
4083.589 |
3646.382 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
4595.644 |
4298.196 |
4548.896 |
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Other Income |
290.872 |
66.519 |
146.220 |
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TOTAL
(A) |
4886.516 |
4364.715 |
4695.116 |
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Less |
EXPENSES |
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Employees benefits expense |
2421.559 |
2465.763 |
2243.100 |
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Other expenses |
1590.996 |
1375.426 |
1374.857 |
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TOTAL
(B) |
4012.555 |
3841.189 |
3617.957 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
873.961 |
523.526 |
1077.159 |
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Less |
FINANCIAL
EXPENSES (D) |
40.183 |
50.846 |
46.936 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
833.778 |
472.680 |
1030.223 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
116.681 |
127.454 |
194.205 |
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PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
717.097 |
345.226 |
836.018 |
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Less |
TAX
(I) |
247.658 |
115.885 |
259.682 |
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PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
469.439 |
229.341 |
576.336 |
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PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1929.200 |
1794.200 |
1450.600 |
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APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
50.000 |
30.000 |
70.000 |
|
|
Proposed Dividend |
120.000 |
55.000 |
140.000 |
|
|
Tax on Proposed Dividend |
20.400 |
9.300 |
22.700 |
|
|
Balance
Carried to the B/S |
2208.200 |
1929.200 |
1794.200 |
|
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EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
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Export Earnings |
NA |
916.000 |
281.300 |
|
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TOTAL
EARNINGS |
NA |
916.000 |
281.300 |
|
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|
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|
|
Earnings
/ (Loss) Per Share (Rs.) |
46.94 |
22.93 |
57.63 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT/ Sales |
(%) |
10.21 |
5.34 |
12.67 |
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PBIDT / Sales |
(%) |
19.02 |
12.18 |
23.68 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
16.59 |
8.78 |
23.49 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.14 |
0.36 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.08 |
0.13 |
0.08 |
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|
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Current Ratio (Current Asset/Current Liability) |
|
2.08 |
2.08 |
2.28 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
2214.749 |
2379.743 |
2708.788 |
|
Net
worth |
2314.749 |
2479.743 |
2808.788 |
|
|
|
|
|
|
long-term borrowings |
1.116 |
0.610 |
0.242 |
|
Short term borrowings |
193.540 |
328.031 |
217.299 |
|
Total
borrowings |
194.656 |
328.641 |
217.541 |
|
Debt/Equity
ratio |
0.084 |
0.133 |
0.077 |
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 |
4548.896 |
4298.196 |
4595.644 |
|
|
|
-5.511 |
6.920 |
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 |
4548.896 |
4298.196 |
4595.644 |
|
Profit |
576.336 |
229.341 |
469.439 |
|
|
12.67% |
5.34% |
10.21% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.000 |
0.101 |
0.188
|
|
|
|
|
|
|
Total |
0.000 |
0.101 |
0.188
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL HIGHLIGHTS
The income from services rendered during the period under review amounted to Rs. 4595.600 Millions (previous year - Rs. 4298.200 Millions). There was an increase of 6.92% in the income from services over the previous year.
The profit before tax was Rs. 717.100 Millions (previous year Rs. 345.200 Millions) constituting 15.60% of the income from services (previous year- 8.03%). The profit after tax was at Rs.469.400 Millions as compared to Rs. 229.300 Millions in the previous year.
The Company had to manage a severe slowdown in the domestic market continuing from the previous year in power, mining and other industrial sectors from the beginning of the year owing to fuel linkage, land availability and environmental issues related to projects. Apart from the thin flow of new orders, the company had to deal with slow and unpredictable rate of progress on the jobs in hand. The proactive steps taken by the Company in the international markets led to almost 200% growth in business acquisition in the last two years which partly mitigated the stagnant environment in the domestic market. Besides slowdown, an extremely competitive environment prevailed in the domestic market thereby putting pressure on the margins. However, the overseas business compensated for that trend with better margins. Also various cost control measures were taken to mitigate the effects of pressure on margins. Notwithstanding the above adversities, the company concluded the year with highest ever value of orders booked during a year as well as the highest accrual.
During the year ended 31st March, 2014, the Company booked new orders aggregating to Rs. 7440.000 Millions (previous year Rs. 5750.000 Millions) of which the international orders booked were of Rs. 3000.000 Millions (previous year Rs. 2280.000 Millions).
FUTURE OUTLOOK
The current year has started with the order book with more predictable progress on jobs than last year. Additional thrust is being given to both domestic and international business acquisitions to help improve in operations in the current year. With the inherent strengths and diversity of the company?s operations it is expected that the company will be able to weather the challenges in the industry and consolidate its position.
AWARDS AND
ACHIEVEMENTS
The Company was honoured with "Best Consultant/Consultancy Award instituted by the Council of Power Utilities at the 6th India Power Awards 2013 ceremony held at Taj Krishna, Hyderabad on Friday, November 22, 2013. Chief Minister of Andhra Pradesh, Mr Kiran Kumar Reddy, was the Chief Guest. The Company was awarded the Tata Innovista 2014 award in the category Promising Innovation Core Process, for its core process innovation in Flue Gas Desulphurisation (FGD) system using sea water. This process can be effectively applied to greenfield, brownfield and existing sea water based power plants. The Company qualified from among entries received from all Tata Group companies across the world. The Company received Accreditation for Environmental Impact Assessment (EIA) by Quality Council of India/ NABET in additional sectors this year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
168.638 |
0.000 |
|
Total |
168.638 |
0.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10515208 |
21/08/2014 |
200,000,000.00 |
CITI BANK N.A. |
PLOT C-61,
BANDRA-KURLA COMPLEX, G-BLOCK, BANDRA |
C16593543 |
|
2 |
10316102 |
01/11/2011 |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B24721482 |
|
3 |
10232860 |
24/06/2010 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A91079798 |
|
4 |
80019146 |
21/12/2011 * |
400,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH
(ADVANCES),, N.G.N. VAIDYA MARG |
B29479037 |
|
5 |
90236288 |
18/11/2010 * |
100,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B00357715 |
|
6 |
80031776 |
25/05/2012 * |
1,260,000,000.00 |
BANK OF BARODA |
OPERA HOUSE BRANCH,
MODI CHAMBERS, PANDIT PALUSK,, |
B41465600 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
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.61.87 |
|
|
1 |
Rs.97.23 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
74 |
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.