MIRA INFORM REPORT
|
Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
OPTIEMUS INFRACOM LIMITED (w.e.f 06.07.2012) |
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Formerly Known
As : |
AKANKSHA CELLULAR LIMITED |
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Registered
Office : |
K-20, 2nd Floor, Lajpat Nagar-II, New Delhi – 110024 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.06.1993 |
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|
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Com. Reg. No.: |
55-054086 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.858.100
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L64200DL1993PLC054086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA23355D |
|
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|
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PAN No.: [Permanent Account No.] |
AAACA2031L |
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Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
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Line of Business
: |
Subject is engaged in the Trading of Mobile Handset and Mobile Accessories and Construction of Road and Highways Business etc |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
BA (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6300000 |
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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 well-established company having fine track record. The rating reflects company’s health financial risk profile marked by
adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. 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.
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 |
CRISIL |
|
Rating |
Long term rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
07.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
07.01.2014 |
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-cooperative (91-11-29840906)
LOCATIONS
|
Registered Office : |
K-20, 2nd Floor, Lajpat Nagar-II, New Delhi – 110024, India |
|
Tel. No.: |
91-11-29840905/ 06/ 07 |
|
Fax No.: |
91-11-29840908 |
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E-Mail : |
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Website : |
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Branch Office : |
317, Competent House, F 14
Connaught Circus, New Delhi – 110001, India |
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Tel. No.: |
91-11-41529023 |
|
Fax No.: |
91-11-41529030 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Tejendra Pal Singh Josen |
|
Designation : |
Independent Non Executive Director |
|
|
|
|
Name : |
Mr. Ashok Gupta |
|
Designation : |
Chairman and Managing Director |
|
Qualification : |
B.Com |
|
|
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|
Name : |
Mr. Hardip Singh |
|
Designation : |
Director (Operations) |
|
Qualification : |
BA |
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|
|
|
Name : |
Ms. Renu Gupta |
|
Designation : |
Non-Executive Director |
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|
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Name : |
Mr. Gautam Kanjilal |
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Designation : |
Non-Executive Director |
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Qualification : |
Graduate in Economics |
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|
|
|
Name : |
Mr. Charan Singh Gupta |
|
Designation : |
Independent Non-Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Chandra |
|
Designation : |
Company Secretary and Compliance Officer |
|
|
|
|
Name : |
Mr. Parveen Sharma |
|
Designation : |
Chief financial officer |
SHAREHOLDING PATTERN
As on 30.09.2014
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
25562041 |
29.79 |
|
|
38738500 |
45.14 |
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|
64300541 |
74.93 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
64300541 |
74.93 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
16448269 |
19.40 |
|
|
|
|
|
|
4796149 |
1.64 |
|
|
3208258 |
3.92 |
|
|
96465 |
0.11 |
|
|
91986 |
0.11 |
|
|
3278 |
0.00 |
|
Clearing Members |
1201 |
0.00 |
|
|
20232606 |
25.07 |
|
Total Public shareholding (B) |
20232606 |
25.07 |
|
Total (A)+(B) |
84533147 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
84533147 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Trading of Mobile Handset and
Mobile Accessories and Construction of Road and Highways Business etc |
|
|
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|
Export : |
Not divulged |
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Imports : |
Not divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
NOTES: Working Capital
Loans are secured by a first ranking pari passu charge over entire current
assets of the Company including stocks of finished goods, Stock in trade, goods
in transit, Book Debts and other current assets of the Company (Present and
Future) Term loan is secured by the equitable mortgage of land and building
situated at Noida, Vehicle loans are secured by hypothecation of vehicles. |
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Banking Relations
: |
--- |
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Auditors : |
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Name : |
RMA and Associates Chartered Accountants |
|
Address : |
48, 1st Floor, Hasan Pur, I.P.
Extention, Delhi – 110092, India |
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Subsidiaries : |
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Fellow Subsidiaries : |
Optiemus Metals and Mining Pte. Limited |
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Associate : |
Kishore Exports India Private Limited |
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Entities in which KMP/ Relatives of KMP can exercise significant
influence : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85980000 |
Equity Shares |
Rs.10/- each |
Rs.859.800 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85814191 |
Equity Shares |
Rs.10/- each |
Rs.858.100 Millions |
|
|
|
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|
NOTES:
The Company has only
one class of equity shares having a par value of Rs. 10/- per share. Each
Holder of equity is entitled to one vote per share.
In the event of
liquidation of the Company, the total proceeds from such liquidation after
discharging the liability of the Company will be distributed among the holders
of the shares of the Company.
|
List of shareholders holding Equity Shares 5 % or
more |
AS ON 31.03.2014 |
|
|
NAME OF
SHAREHOLDERS |
NO. OF SHARES |
% |
|
GRA Enterprises Private Limited |
38738500 |
45.14 |
|
Ashok Gupta |
5754894 |
6.71 |
|
Renu Gupta |
6981111 |
8.14 |
|
Deepesh Gupta |
5365029 |
6.25 |
|
Neetesh Gupta |
5214607 |
6.08 |
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 |
858.100 |
858.100 |
858.100 |
|
(b) Reserves & Surplus |
1353.100 |
852.000 |
545.900 |
|
(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) |
2211.200 |
1710.100 |
1404.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1800.000 |
1193.800 |
1098.400 |
|
(b) Deferred tax liabilities (Net) |
32.200 |
20.200 |
17.200 |
|
(c) Other long term
liabilities |
10.900 |
9.100 |
2.400 |
|
(d) long-term
provisions |
5.600 |
5.700 |
0.000 |
|
Total Non-current Liabilities
(3) |
1848.700 |
1228.800 |
1118.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2205.900 |
1258.200 |
1210.100 |
|
(b) Trade
payables |
2268.400 |
2287.300 |
1689.500 |
|
(c) Other
current liabilities |
195.200 |
221.900 |
8.600 |
|
(d) Short-term
provisions |
252.200 |
159.500 |
49.000 |
|
Total Current
Liabilities (4) |
4921.700 |
3926.900 |
2957.200 |
|
|
|
|
|
|
TOTAL |
8981.600 |
6865.800 |
5479.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2275.400 |
1355.400 |
1409.400 |
|
(ii)
Intangible Assets |
3.300 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
370.600 |
2.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
200.700 |
39.500 |
9.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
40.800 |
24.500 |
0.000 |
|
(e) Other Non-current
assets |
56.500 |
58.400 |
58.400 |
|
Total Non-Current
Assets |
2576.700 |
1848.400 |
1479.100 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2.800 |
2.800 |
7.700 |
|
(b)
Inventories |
1237.300 |
690.700 |
424.100 |
|
(c) Trade
receivables |
2482.400 |
2511.800 |
2440.800 |
|
(d) Cash
and cash equivalents |
1171.100 |
704.700 |
546.300 |
|
(e)
Short-term loans and advances |
1183.200 |
886.100 |
527.000 |
|
(f) Other
current assets |
328.100 |
221.300 |
54.200 |
|
Total Current
Assets |
6404.900 |
5017.400 |
4000.100 |
|
|
|
|
|
|
TOTAL |
8981.600 |
6865.800 |
5479.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
41044.400 |
28315.700 |
18545.500 |
|
|
|
Other Income |
65.500 |
34.200 |
23.100 |
|
|
|
TOTAL (A) |
41109.900 |
28349.900 |
18568.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
1293.800 |
890.000 |
562.800 |
|
|
|
Purchases of Stock-in-Trade |
38513.100 |
26501.500 |
16999.600 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(546.700) |
(266.500) |
(6.000) |
|
|
|
Employees benefits expense |
196.200 |
166.700 |
129.200 |
|
|
|
Exceptional items ( Past years Gratuity Liability) |
0.000 |
5.800 |
0.000 |
|
|
|
Other expenses |
373.000 |
233.000 |
258.100 |
|
|
|
TOTAL (B) |
39829.400 |
27530.500 |
17943.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1280.500 |
819.400 |
624.900 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
388.600 |
283.500 |
157.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
891.900 |
535.900 |
467.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
124.900 |
63.700 |
62.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
767.000 |
472.200 |
404.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
265.900 |
166.100 |
123.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
501.100 |
306.100 |
281.300 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
102.900 |
2.700 |
0.100 |
|
|
TOTAL EARNINGS |
102.900 |
2.700 |
0.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Value of Imports |
22.600 |
41.500 |
16.600 |
|
|
TOTAL IMPORTS |
22.600 |
41.500 |
16.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.84 |
3.57 |
3.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.22 |
1.08 |
1.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.87 |
1.67 |
2.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.73 |
7.31 |
7.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.28 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.81 |
1.43 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.28 |
1.35 |
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 |
858.100 |
858.100 |
858.100 |
|
Reserves & Surplus |
545.900 |
852.000 |
1353.100 |
|
Net
worth |
1404.000 |
1710.100 |
2211.200 |
|
|
|
|
|
|
long-term borrowings |
1098.400 |
1193.800 |
1800.000 |
|
Short term borrowings |
1210.100 |
1258.200 |
2205.900 |
|
Total
borrowings |
2308.500 |
2452.000 |
4005.900 |
|
Debt/Equity
ratio |
1.644 |
1.434 |
1.812 |
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) |
|
Revenue from operation |
18545.500 |
28315.700 |
41044.400 |
|
|
|
52.682 |
44.953 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operation |
18545.500 |
28315.700 |
41044.400 |
|
Profit |
281.300 |
306.100 |
501.100 |
|
|
1.52% |
1.08% |
1.22% |
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 |
No |
|
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 |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED
LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From Others |
64.500 |
460.400 |
|
|
|
|
|
Total |
64.500 |
460.400 |
OPERATIONS
The Company has delivered magnificent operating results in the financial year 2013-14. During the year under review, the company achieved yet another milestone as turnover touched an all time high of Rs.41044.400 Millions achieving a spectacular growth of 44.95% over the last year’s turnover. The management of the Company is committed to maximize the shareholders value.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
INDUSTRY STRUCTURE AND DEVELOPMENTS:
INDIAN ECONOMY
India’s
GDP growth rate in financial year 2012-13 being 4.9% continued to be unrushed
from 5% GDP growth of the financial year 2012-13. The year saw steep currency
depreciation in an environment where industrial activity remained in
contraction mode, consumption demand continued to weaken, while lacklustre
capital good production pointed to stalled investment demand.
Sluggish
growth across the larger economy, further compounded by high consumer inflation
and weak sentiment, market growth moderated throughout the year in both volume
and value terms. The operating context for the year was challenging, given the
backdrop of a market slowdown, a volatile input cost environment and heightened
competitive intensity.
The
Company’s performance for the year 2013-14 has to be viewed in the context of
aforesaid economic and market environment.
SEGMENT WISE
PERFORMANCE:
TELECOM PRODUCTS
The Indian telecom sector has witnessed tremendous growth over the
past decade. Today, the Indian telecom network is the second largest in the
world after China. A liberal policy regime and involvement of the private
sector have played an important role in transforming this sector, the total
number of mobile subscribers globally was at Rs. 32.000 Millions by end of
2012, growing to 40.000 Millions within the next five years.
The company operates in International branded devices (Samsung Brand)
and is having a strong distribution network across the country. The organized
Retail of Mobile Handsets is growing rapidly in line with the increase in
market share of smart phones as customers prefer to buy smart phones from
organized retail stores which offer better buying experience and understanding
the functions of a smart phone. Also, the Company is moving forward with its
prime focus on trade in mobile accessories as well.
Optiemus is one of the largest players in the industry and has been
investing in distribution network heavily over the past 5 years and having an
excellent track record of cash profits. The Turnover of the Company in the F.Y.
2013-14 was Rs. 41040.000 Millions.
INFRASTRUCTURE
(CONSTRUCTION AND RENTING)
The Company’s performance has improved drastically in this segment,
where its total revenue for the f.y. 2013-14 was Rs.
181.100 Millions Further, the Company is also generating revenue
from its owned commercial property which been leased for a period of nine years
to Samsung India Electronics Private Limited. Thus, they can see this segment
growing keeping in pace with the Indian Government’s move to develop the
Infrastructure and involving the private participation for the same.
BUSINESS OUTLOOK
Telecom Sector is pivotal to the socioeconomic development. The global telecommunication industry is witnessing a fundamental change. The new Mobile Handsets aims at faster data connectivity, video streaming with high resolution, and rich multimedia applications, internet connectivity etc. They at Optiemus are vibrant to this shift. The telecom Sector is one of the main catalysts of the accelerated growth and progress of different segments of the economy by narrowing access gaps and removing barriers to information. Our enhanced network capabilities and national footprint makes us preferred carrier choice amongst other players. The Company has also diversified its business operations and will continue to strive for making its presence in the global market.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10508708 |
07/03/2014 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, Senapati Bapat Marg, Lower Parel |
C11035722 |
|
2 |
10436499 |
11/07/2013 |
600,000,000.00 |
Standard Chartered Bank |
CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARA |
B79468112 |
|
3 |
10050459 |
15/01/2010 * |
600,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DE |
A80185812 |
|
4 |
10034676 |
22/02/2014 * |
3,150,000,000.00 |
Sate Bank of India |
Commercial Branch N-3 South Extension Part-I, New |
C04102737 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Office Equipment
- Computers
- Plant and Machinery
- Furniture and Fixture
- Motor Vehicles
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.61.22 |
|
|
1 |
Rs.98.52 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.