MIRA
INFORM REPORT
|
Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOSER BAER SOLAR LIMITED (w.e.f. 29.06.2010) |
|
|
|
|
Formerly Known
As : |
PV TECHNOLOGIES INDIA LIMITED SUZLON STRUCTURES LIMITED (w.e.f.14.09.2008) SUZLON STRUCTURES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
43-B, Okhla Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
06.03.2007 |
|
|
|
|
Com. Reg. No.: |
55-160162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9754.505 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2007PLC160162 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP1955A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into Manufacturer, Design and Export of Thin Film
and EPC Systems. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The rating takes into consideration delay in servicing of its debt
obligations. However, business is active. Payments are reported to be slow and
delayed. The company can be considered for business dealings on safe and
secured 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 |
CARE |
|
Rating |
Long term bank facilities: “D” |
|
Rating Explanation |
Expected to be in default. |
|
Date |
27.05.2014 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “D” |
|
Rating Explanation |
Expected to be in default. |
|
Date |
27.05.2014 |
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 BY
|
Name : |
Mr. Kuldeep Rawat |
|
Designation : |
Accountant Officer |
|
Contact No.: |
91-11-40594444 |
|
Date : |
30.09.2014 |
LOCATIONS
|
Registered Office : |
43-B, Okhla Industrial Estate, |
|
Tel. No.: |
91-11-40594444 / 26911570 / 74 |
|
Fax No.: |
91-11-41635211 / 26911860 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Plant : |
66B, SEZ Udyog Vihar, Greater Noida, |
|
Tel. No.: |
91-120-4658000 |
|
|
|
|
Branch Office : |
Located At : ·
·
·
Pune ·
·
·
|
DIRECTORS
As on: 30.06.2014
|
Name : |
Mr. Deepak Puri |
|
Designation : |
Director |
|
Address : |
A-187, New Friends Colony, |
|
Date of Birth/Age : |
28.07.1941 |
|
Date of Appointment : |
01.07.2008 |
|
DIN No.: |
00002189 |
|
|
|
|
Name : |
Mrs. Nita Puri |
|
Designation : |
Director |
|
Address : |
A-187, New Friends Colony, |
|
Date of Birth/Age : |
06.10.1945 |
|
Date of Appointment : |
01.07.2008 |
|
DIN No.: |
00002331 |
|
|
|
|
Name : |
Mr. Bernhard Hermann Gallus |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.05.1933 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00138901 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mrs. Sunita Mowdgal |
|
Designation : |
Director |
|
Address : |
K-2035, 2nd Floor, |
|
Date of Birth/Age : |
20.10.1951 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03352181 |
KEY EXECUTIVES
|
Name : |
Mr. Preeti Gupta |
|
Designation : |
Director |
|
Address : |
House No. 1571, Sector – 16, Faridabad – 121002, Haryana, India |
|
Date of Birth/Age : |
28.01.1988 |
|
Date of Appointment : |
05.05.2014 |
|
PAN No.: |
AYRPG8731B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
MB Solar Holdings Limited |
|
552000398 |
|
Saurabh Mathur (As nominee of MB Solar Holdings Limited) |
|
1 |
|
P.N. Pant (As nominee of MB Solar Holdings Limited) |
|
1 |
|
Shweta Chopra (As nominee of MB Solar Holdings Limited) |
|
1 |
|
Aditya Singh Yadav (As nominee of MB Solar Holdings Limited) |
|
1 |
|
Pawan Saini (As nominee of MB Solar Holdings Limited) |
|
1 |
|
Ruche Sharm (As nominee of MB Solar Holdings Limited) |
|
1 |
|
|
|
|
|
Total |
|
552000404 |
|
Names of Shareholders (Preference Shares – Series A) |
No. of Shares |
Percentage |
|
IDFC Private Equity Fund-II |
157160000 |
80.00 |
|
Infrastructure Development Finance Company Limited, India |
39290000 |
20.00 |
|
Total |
196450000 |
100.00 |
|
|
||
|
Names of Shareholders (Preference Shares – Series B) |
No. of Shares |
Percentage |
|
IDFC Trustee Company Limited |
43000000 |
66.15 |
|
Infrastructure Development Finance Company Limited, India |
22000000 |
33.85 |
|
Total |
65000000 |
100.00 |
|
|
||
|
Names of Shareholders (Preference Shares – Series C) |
No. of Shares |
Percentage |
|
Moser Baer India Limited, India |
146000000 |
100.00 |
|
Total |
146000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.06.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Manufacturer, Design and Export of Thin Film
and EPC Systems. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank, Large Corporate Branch, Tolstoy House, New Delhi - 110001, Delhi, India · Export Import Bank of India, Ground Floor, Statesman House, 148 Barakhambha Road, New Delhi - 110001, Delhi, India · State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, Delhi, India · Union Bank of India, Industrial Finance Branch, M-11, 1st Floor, Middle Circle, Connaught Circus, New Delhi - 110001, Delhi, India · Indian Overseas Bank, 763, Anna Salai, Chennai - 600002, Tamil Nadu, India ·
Central Bank of India, 5, Jeevan Tara
Building, Parliament House Street, New Delhi - 110001, Delhi, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
L 41, Connaught Circus, New Delhi-110001, India |
|
PAN No.: |
AAAFW4298E |
|
|
|
|
Ultimate Holding
Company : |
· Moser Baer India Limited (MBIL) |
|
|
|
|
Intermediate
Holding Company : |
· Photovoltaic Holdings Limited (formerly known as Photovoltaic Holdings Plc) |
|
|
|
|
Holding Company : |
· MB Solar Holding Limited (formerly known as Moser Baer Solar Limited) |
|
|
|
|
Wholly Owned
Subsidiary : |
· Moser Baer Photo Voltaic Limited · Pride Solar Systems Private Limited · Admire Energy Solutions Private Limited · Moser Baer Solar Systems Private limited (formerly known as Arise Solar Energy Private Limited) · Competent Solar Energy Private Limited · Perafly Limited · Dalecrest Limited · Perasoft Limited · Crownglobe Limited · Moser Baer Photovoltaic Inc (MBPV Inc) · Nicofly Limited |
|
|
|
|
Fellow Subsidiary : |
· OM and T B.V. · European Optic Media Technology GmbH · Moser Baer Infrastructure and Developers Limited · Value Solar Energy Private Limited · Moser Baer Investments Limited |
|
|
|
|
Related Part: |
· Moser Baer Entertainment Limited · Moser Baer Engineering and Constructions Limited · Sapphire Industrial Infrastructure Private Limited |
CAPITAL STRUCTURE
As on: 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
572000450 |
Equity Shares |
Rs. 10/- each |
Rs. 5720.005 Millions |
|
451450000 |
Preferences Shares |
Rs. 10/- each |
Rs. 4514.500 Millions |
|
|
Total |
|
Rs. 10234.505
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
552000404 |
Equity Shares |
Rs.10/- each |
Rs. 5520.004
Millions |
|
430500000 |
Preferences Shares |
Rs. 10/- each |
Rs. 4305.000
Millions |
|
|
Total |
|
Rs. 9825.004 Millions |
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
572000450 |
Equity Shares |
Rs. 10/- each |
Rs. 5720.005 Millions |
|
451450000 |
Preferences Shares |
Rs. 10/- each |
Rs. 4514.500 Millions |
|
|
Total |
|
Rs. 10234.505
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9754504040 |
Equity Shares |
Rs.10/- each |
Rs. 9754.505
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9754.505 |
9754.505 |
9594.505 |
|
(b) Reserves & Surplus |
(5778.072) |
(3711.390) |
(2197.371) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
160.000 |
|
Total Shareholders’ Funds (1) + (2) |
3976.433 |
6043.115 |
7557.134 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
6272.461 |
7764.749 |
7916.145 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.209 |
0.199 |
800.160 |
|
(d) long-term
provisions |
76.785 |
41.467 |
23.417 |
|
Total Non-current
Liabilities (3) |
6349.455 |
7806.415 |
8739.722 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1446.133 |
2030.340 |
1558.362 |
|
(b)
Trade payables |
5208.302 |
4665.286 |
3398.887 |
|
(c)
Other current liabilities |
4546.042 |
1943.196 |
1412.693 |
|
(d) Short-term
provisions |
10.846 |
6.598 |
5.436 |
|
Total Current
Liabilities (4) |
11211.323 |
8645.420 |
6375.378 |
|
|
|
|
|
|
TOTAL |
21537.211 |
22494.950 |
22672.234 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9361.532 |
10015.318 |
6014.782 |
|
(ii)
Intangible Assets |
11.708 |
20.761 |
18.930 |
|
(iii)
Capital work-in-progress |
59.083 |
60.677 |
3419.358 |
|
(iv) Intangible assets under development |
228.275 |
187.658 |
187.658 |
|
(b) Non-current
Investments |
7577.941 |
7577.941 |
2968.890 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1581.784 |
1575.938 |
1924.070 |
|
(e) Other
Non-current assets |
0.353 |
4.548 |
574.739 |
|
Total Non-Current
Assets |
18820.676 |
19442.841 |
15108.427 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
672.171 |
721.591 |
1207.461 |
|
(c)
Trade receivables |
1437.782 |
1432.435 |
2636.660 |
|
(d) Cash
and cash equivalents |
250.426 |
420.373 |
836.569 |
|
(e)
Short-term loans and advances |
354.079 |
465.049 |
2866.592 |
|
(f)
Other current assets |
2.077 |
12.661 |
16.525 |
|
Total
Current Assets |
2716.535 |
3052.109 |
7563.807 |
|
|
|
|
|
|
TOTAL |
21537.211 |
22494.950 |
22672.234 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2255.915 |
5580.122 |
7146.056 |
|
|
|
Other Income |
161.294 |
446.223 |
167.010 |
|
|
|
TOTAL (A) |
2417.209 |
6026.345 |
7313.066 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1650.166 |
4237.172 |
5994.992 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(44.586) |
675.276 |
(311.886) |
|
|
|
Employees benefits expense |
326.788 |
406.945 |
204.741 |
|
|
|
Other expenses |
506.753 |
854.292 |
917.580 |
|
|
|
TOTAL (B) |
2439.121 |
6173.685 |
6805.427 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(21.912) |
(147.340) |
507.639 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1293.798 |
775.681 |
796.022 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(1315.710) |
(923.021) |
(288.383) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
750.972 |
590.997 |
654.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(2066.682) |
(1514.018) |
(942.543) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(2066.682) |
(1514.018) |
(942.543) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(3711.388) |
(2197.370) |
(1254.830) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(5778.070) |
(3711.388) |
(2197.373) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.74) |
(2.74) |
(1.71) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(85.50) |
(25.12) |
(12.89) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(91.61) |
(27.13) |
(13.19) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(15.12) |
(10.32) |
(5.86) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.52) |
(0.25) |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.94 |
1.62 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.24 |
0.35 |
1.19 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
9594.505 |
9754.505 |
9754.505 |
|
Reserves & Surplus |
(2197.371) |
(3711.390) |
(5778.072) |
|
Share Application money
pending allotment |
160.000 |
0.000 |
0.000 |
|
Net worth |
7557.134 |
6043.115 |
3976.433 |
|
|
|
|
|
|
long-term borrowings |
7916.145 |
7764.749 |
6272.461 |
|
Short term borrowings |
1558.362 |
2030.340 |
1446.133 |
|
Total borrowings |
9474.507 |
9795.089 |
7718.594 |
|
Debt/Equity ratio |
1.254 |
1.621 |
1.941 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
7146.056 |
5580.122 |
2255.915 |
|
|
|
(21.913) |
(59.572) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
7146.056 |
5580.122 |
2255.915 |
|
Profit |
(942.543) |
(1514.018) |
(2066.682) |
|
|
(13.19)% |
(27.13)% |
(91.61)% |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Fully convertible debentures intercorporate |
500.000 |
500.000 |
|
Long-term maturities of finance lease obligations |
2522.426 |
2778.863 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
130.089 |
0.000 |
|
|
|
|
|
Total |
3152.515 |
3278.863 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10439671 |
27/05/2014 * |
9,558,400,000.00 |
UNION BANK OF INDIA (SECURITY TRUSTEE ON BEHALF OF |
INDUSTRIAL FINANCE BRANCH, M-11, 1ST FLOOR, MIDDLE CIRCLE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C09268434 |
|
2 |
10310564 |
09/09/2011 |
500,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, TOLSTOY HOUSE, TOLSTOY HOUSE, NEW DELHI, DELHI - 110001, INDIA |
B22701692 |
|
3 |
10299901 |
13/06/2011 |
970,000,000.00 |
BANK OF BARODA |
GROUND FLOOR, BANK OF BARODA BUILDING, 16, PARLIA MENT STREET, NEW DELHI, DELHI, DELHI - 110001, INDIA |
B17954025 |
|
4 |
10279364 |
28/03/2011 |
500,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, TOLSTOY HOUSE, TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B10307981 |
|
5 |
10273456 |
07/03/2011 |
250,000,000.00 |
CENTRAL BANK OF INDIA |
5, JEEVAN TARA BUILDING, PARLIAMENT STREET BRANCH, NEW DELHI, DELHI - 110001, INDIA |
B08634859 |
|
6 |
10259611 |
06/12/2010 |
770,000,000.00 |
INDIAN OVERSEAS BANK |
RAJIV CIRCLE, D 28-29, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B02492742 |
|
7 |
10248325 |
18/03/2013 * |
1,500,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, TOLSTOY HOUSE, NEW DELHI, DELHI - 110001, INDIA |
B74200130 |
|
8 |
10244678 |
18/03/2013 * |
500,000,000.00 |
CENTRAL BANK OF INDIA |
5, JEEVAN TARA BUILDING, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B74115304 |
|
9 |
10238140 |
24/08/2010 |
940,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
GROUND FLOOR, STATESMAN HOUSE, 148 BARAKHAMBHA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B73876773 |
|
10 |
10243966 |
24/08/2010 |
500,000,000.00 |
PUNJAB NATIONAL BANK |
7 BHIKAJI CAMA PLACE NEW DELHI & BRANCH AT, TOLSTOY HOUSE AT TOLSTOY MARG NEW DELHI, NEW DELHI, DELHI - 110066, INDIA |
A96302013 |
* Date of charge modification
FIXED ASSETS:
·
Leasehold Improvements
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computers
·
Software
·
Buildings
·
Utilities
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. 61.75 |
|
|
1 |
Rs. 100.07 |
|
Euro |
1 |
Rs. 77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
16 |
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.