MIRA INFORM REPORT
|
Report Date : |
20.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED (w.e.f. 17.10.2007) |
|
|
|
|
Formerly Known
As : |
PRELUDE EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
431, Laxmi Mall, Laxmi Industrial Estate, New Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra |
|
|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.04.2002 |
|
|
|
|
Com. Reg. No.: |
11-135662 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4935.074 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2002PTC135662 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP15214C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP5048E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
To carry on the business as agents, brokers, commission agents, buying
and selling agents, distributors, indenting agents in goods and
commodities. |
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|
|
|
No. of Employees
:` |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its latest financials for
the year 2013 with the government department. As per available financial of 2012, reserves of the company seems to be
low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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 |
Long term rating=BB- (Suspended) |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
November, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating=A4 (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
November, 2013 |
Reason for Suspension:
ICRA has suspended the ratings due to ICRA’s
inability to carry out a rating surveillance in the absence of the requisite
information from the company.
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. (Tel. No.:
91-22-42329600)
LOCATIONS
|
Registered Office : |
431, Laxmi Mall, Laxmi Industrial Estate, New Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-42329600 |
|
Fax No.: |
91-22-42329611 |
|
E-Mail : |
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|
Website : |
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|
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|
Head Office : |
Sharyans Audeus, Unit 501/502, CTS No. 688 Oshiwara, Veera Desai Road,
Near Fun Republic Andheri (W), Mumbai – 400 053, India |
|
Tel. No.: |
91-22-42329600/ 42329617 |
|
Fax No.: |
91-22-42329611 |
DIRECTORS
AS ON 22.08.2012
|
Name : |
Mr. Vinay Singh |
|
Designation : |
Director |
|
Address : |
A-303 Greenfields, Lokhandwala, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
13.04.1988 |
|
Date of Appointment : |
30.07.2007 |
|
PAN No.: |
BGAPS0899A |
|
DIN No.: |
00542695 |
|
|
|
|
Name : |
Mr. Rajesh Lihala |
|
Designation : |
Director |
|
Address : |
155, C Uashmesh Colony, N Dutta Marg, DN Nagar, Andheri (West), Mumbai
– 400053, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1959 |
|
Date of Appointment : |
26.06.2009 |
|
PAN No.: |
ACYPL6324J |
|
DIN No.: |
02788479 |
|
|
|
|
Name : |
Mrs. Artidevi Rajsingh Singh |
|
Designation : |
Director |
|
Address : |
A-303 Greenfields, Lokhandwala, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
15.02.1970 |
|
Date of Appointment : |
10.08.2007 |
|
DIN No.: |
01717098 |
|
|
|
|
Name : |
Mr. Baljitsingh P Sandhu |
|
Designation : |
Director |
|
Address : |
F-1, Anandbag Society, Ghatlodia Tal City, District Ahmedabad –
380061, Gujarat, India |
|
Date of Birth/Age : |
10.09.1958 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02792891 |
|
|
|
|
Name : |
Mr. Kumar Krishnan Iyer |
|
Designation : |
Nominee Director |
|
Address : |
Flat 2002, Odyssey II, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra,
India |
|
Date of Birth/Age : |
28.05.1962 |
|
Date of Appointment : |
22.08.2012 |
|
PAN No.: |
AAAPI2320M |
|
DIN No.: |
01865617 |
|
|
|
|
Name : |
Mr. Ranjit Vasant Pandit |
|
Designation : |
Nominee Director |
|
Address : |
Daibhanga Mansion, Flat No. 1,12, Carmichael Road, Mumbai - 400026,
Maharashtra, India |
|
Date of Birth/Age : |
05.04.1954 |
|
Date of Appointment : |
11.01.2012 |
|
DIN No.: |
00782296 |
|
|
|
|
Name : |
Mr. Tariq Nadeem Ahmed |
|
Designation : |
Nominee Director |
|
Address : |
Vittal Mallya Road, Bangalore – 560001, Karnataka, India |
|
Date of Birth/Age : |
22.11.1978 |
|
Date of Appointment : |
11.01.2012 |
|
DIN No.: |
03490137 |
MAJOR SHAREHOLDERS
AS ON 22.08.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Vinay Singh |
|
750020 |
|
Rajesh Lihala |
|
20000 |
|
Arti Singh |
|
607500 |
|
Jyoti Singh |
|
122500 |
|
Devnadi Tradelink Private Limited, India |
|
800000 |
|
Hari Metal Mills Private Limited, India |
|
1207486 |
|
General Atlantic Singapore Fund Pte. Limited, India |
|
20 |
|
|
|
|
|
Total |
|
3507526 |
|
Names of
Preference Shareholders |
|
No.
of Shares |
|
General Atlantic Singapore Fund Pte. Limited, India (Series A CCPS) |
|
2499990 |
|
General Atlantic Singapore Fund Pte. Limited, India (Series B CCPS) |
|
1000000 |
|
General Atlantic Singapore Fund Pte. Limited, India (Series C CCPS) |
|
27457994 |
|
General Atlantic Singapore Fund Pte. Limited, India (Series D CCPS) |
|
7542006 |
|
Mulith Equity Holdings Limited (Series B CCPS) |
|
10500000 |
|
|
|
|
|
Total |
|
48999990 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.08.2012
|
Category |
Percentage |
|
Bodies corporate |
57.24 |
|
Directors or relatives of Directors |
42.76 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business as agents, brokers, commission agents, buying
and selling agents, distributors, indenting agents in goods and commodities. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
Citi Bank N. A., First International Financial Centre, 9th
Floor, Plot No.C-54, C-55, G-Block, BKC, Bandra, Mumbai – 400051, Maharashtra,
India |
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Facilities : |
NOTE: Short term
borrowings: Cash credit facility from IDBI bank is secured by first charge on all
current assets of the company by way of hypothecation and second charge on
fixed assets of the company. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
KPMG House, Kamala Mills Compound, 448, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India |
|
PAN No.: |
AAIFB7357B |
|
|
|
|
Subsidiary
Companies : |
Fourcee Asia Pte. Limited |
CAPITAL STRUCTURE
AS ON 22.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4010000 |
Equity Shares |
Rs.10/- each |
Rs.40.100 Millions |
|
49599000 |
Preference Shares |
Rs.100/- each |
Rs.4959.900 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.5000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3507526 |
Equity Shares |
Rs. 10/- each |
Rs.35.075 Millions |
|
48999990 |
Preference Shares |
Rs.100/- each |
Rs.4899.999 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.4935.074
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4935.074 |
1440.078 |
|
(b) Reserves & Surplus |
|
344.280 |
187.956 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
5279.354 |
1628.034 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
252.132 |
452.999 |
|
(b) Deferred tax liabilities (Net) |
|
110.248 |
58.255 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
4.712 |
0.310 |
|
Total Non-current
Liabilities (3) |
|
367.092 |
511.564 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
200.502 |
188.433 |
|
(b) Trade
payables |
|
172.744 |
33.795 |
|
(c) Other
current liabilities |
|
344.839 |
323.759 |
|
(d) Short-term
provisions |
|
0.373 |
8.810 |
|
Total Current
Liabilities (4) |
|
718.458 |
554.797 |
|
|
|
|
|
|
TOTAL |
|
6364.904 |
2694.395 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2688.952 |
1308.103 |
|
(ii)
Intangible Assets |
|
51.756 |
1.432 |
|
(iii)
Capital work-in-progress |
|
286.910 |
124.557 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
22.092 |
22.043 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1041.575 |
762.419 |
|
(e) Other
Non-current assets |
|
13.373 |
0.060 |
|
Total Non-Current
Assets |
|
4104.658 |
2218.614 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
459.985 |
252.791 |
|
(d) Cash
and cash equivalents |
|
1530.952 |
15.919 |
|
(e)
Short-term loans and advances |
|
192.861 |
199.265 |
|
(f) Other current
assets |
|
76.448 |
7.806 |
|
Total
Current Assets |
|
2260.246 |
475.781 |
|
|
|
|
|
|
TOTAL |
|
6364.904 |
2694.395 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
540.078 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
213.263 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
753.341 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
537.642 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
537.642 |
|
|
DEFERRED TAX LIABILITIES |
|
|
23.188 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1314.171 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
701.583 |
|
|
Capital work-in-progress |
|
|
351.931 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.002 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
100.228 |
|
|
Cash & Bank Balances |
|
|
98.718 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
86.261 |
|
Total
Current Assets |
|
|
285.207 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
23.461 |
|
|
Provisions |
|
|
1.091 |
|
Total
Current Liabilities |
|
|
24.552 |
|
|
Net Current Assets |
|
|
260.655 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1314.171 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
3334.700 |
1997.900 |
842.408 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Operating Expenses |
|
|
675.907 |
|
|
|
|
Administrative and Other Expenses |
|
|
23.905 |
|
|
|
|
Personnel Expenses |
|
|
14.349 |
|
|
|
|
TOTAL (B) |
2653.800 |
1601.300 |
714.161 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
680.900 |
396.600 |
128.247 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
187.600 |
104.600 |
39.477 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
493.300 |
292.000 |
88.770 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
173.400 |
83.200 |
22.255 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
319.900 |
208.800 |
66.515 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
127.500 |
74.100 |
19.766 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
192.400 |
134.700 |
46.749 |
||
|
|
|
|
|
|
||
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
192.400 |
61.800 |
15.840 |
||
|
|
|
|
|
|
||
|
|
APPROPRIATIONS |
|
|
|
||
|
|
|
Interim Dividend |
10.500 |
0.000 |
0.000 |
|
|
|
|
Proposed Dividend |
0.200 |
7.300 |
0.626 |
|
|
|
|
Tax on Interim Dividend |
1.700 |
0.000 |
0.000 |
|
|
|
|
Tax on Proposed Dividend |
0.040 |
1.200 |
0.103 |
|
|
|
BALANCE CARRIED
TO THE B/S |
344.200 |
187.900 |
61.860 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
3.66 |
7.48 |
13.05 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.77
|
3.71 |
7.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.40
|
11.70 |
6.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.13 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09
|
0.39 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.15
|
0.86 |
11.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
1440.078 |
4935.074 |
|
Reserves & Surplus |
|
187.956 |
344.280 |
|
Net
worth |
|
1628.034 |
5279.354 |
|
|
|
|
|
|
long-term borrowings |
|
452.999 |
252.132 |
|
Short term borrowings |
|
188.433 |
200.502 |
|
Total
borrowings |
|
641.432 |
452.634 |
|
Debt/Equity
ratio |
|
0.394 |
0.086 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
842.408 |
1,997.900 |
3,334.700 |
|
|
|
137.165 |
66.910 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
842.408 |
1,997.900 |
3,334.700 |
|
Profit |
46.749 |
134.700 |
192.400 |
|
|
5.55% |
6.74% |
5.77% |
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 |
No |
|
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 |
NOTE: The Registered Office
of the company has been shifted from 236, Laxmi Plaza, Laxmi Industrial Estate,
New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India to the
present address w.e.f. 14.12.2009
LITIGATION
DETAILS:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Fully convertible
Debentures others |
28.474 |
0.000 |
|
Short Term Borrowings |
|
|
|
Loans repayable
on Demand from Banks |
7.608 |
26.898 |
|
|
|
|
|
Total |
36.082 |
26.898 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10453009 |
11/10/2013 |
200,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL
FINANCIAL CENTRE, 9TH FLOOR, PLOT NO.C-54, C-55, G-BLOCK, BKC, BANDRA, MUMBAI
– 400 51, |
B86634524 |
|
2 |
10445100 |
02/08/2013 |
350,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA |
B83080465 |
|
3 |
10437971 |
26/06/2013 |
200,000,000.00 |
DBS BANK LIMITED |
3RD FLOOR, FORT HOUSE, DR. D N ROAD, FORT, MUMBAI – 400 001, MAHARASHTRA, INDIA |
B80095300 |
|
4 |
10425222 |
09/05/2013 |
660,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA – 390 015, GUJARAT, INDIA |
B74971995 |
|
5 |
10421615 |
20/04/2013 |
300,000,000.00 |
STANDARD CHARTERED BANK |
23, NARAIN MANZIL, BARAKHAMBA ROAD, NEW DELH – 110 001, INDIA |
B73717225 |
|
6 |
10417738 |
09/04/2013 |
400,000,000.00 |
FIRSTRAND BANK LIMITED |
TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK, BANDRA KURLA COMPLEX, MUMBAI – 400 051, MAHARASHTRA, INDIA |
B72607088 |
|
7 |
10411594 |
20/02/2013 |
100,000,000.00 |
FIRSTRAND BANK LIMITED |
TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK, BANDRA KURLA COMPLEX, MUMBAI – 400 051, MAHARASHTRA, INDIA |
B70706825 |
|
8 |
10406042 |
11/02/2013 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B68418169 |
|
9 |
10389990 |
30/11/2012 |
560,000,000.00 |
DBS BANK LIMITED |
UPPER GROUND FLOOR, BIRLA TOWER, 25 BARAKHAMBA ROAD, NEW DELHI – 110 001, INDIA |
B63317754 |
|
10 |
10389460 |
07/01/2013 * |
600,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B65368623 |
* Date of charge modification
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 records 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 Financia
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. 61.61 |
|
|
1 |
Rs. 99.11 |
|
Euro |
1 |
Rs. 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.