MIRA
INFORM REPORT
|
Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANDRITZ HYDRO PRIVATE LIMITED (w.e.f. 08.07.2009) |
|
|
|
|
Formerly Known
As : |
VA TECH HYDRO INDIA PRIVATE LIMITED CG ELIN POWER SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
D-17, Mpakvn Industrial Area, Mandideep – 462046, Madhya Pradesh |
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Country : |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
28.11.1996 |
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|
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Com. Reg. No.: |
10-011430 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.291.028 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U04010MP1996PTC011430 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLV00336A |
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|
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PAN No.: [Permanent Account No.] |
AABCV2446R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Company is engaged in business of design, manufacture, servicing, erection and installation of hydro and thermal power generator, generator components, hydro turbines, governing equipment, inlet butterfly valves, spherical valves and other related plants and equipment’s for all types of turbines. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The overall financial position of the company is decent. Rating also takes into consideration support of its parentage Andritz
AG Group and long term potential in hydro power sector. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealing 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
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limit = A |
|
Rating Explanation |
Adequate credit quality and average credit
risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limit = A1 |
|
Rating Explanation |
Very strong degree of safety and lowest credit
risk. |
|
Date |
October 2013 |
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. Rajesh Shukla |
|
Designation : |
Not Divulged |
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Contact No.: |
91-7480-400304 |
|
Date : |
01.09.2014 |
LOCATIONS
|
Registered Office : |
D-17, Mpakvn Industrial Area, Mandideep – 462046, |
|
Tel. No.: |
91-7480-400400 / 401 |
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Fax No.: |
91-7480-403393 / 403394 |
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E-Mail : |
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Websites: |
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Plant : |
49/5, |
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Tel No. : |
91-1275-262161 / 163 |
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Fax No. : |
91-1275-262055 |
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Corporate Office / Overseas Office: |
Penzinger Strasse, 76 A – 1141 Wien, Postfach 5 |
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Tel No. : |
43-1-89100 |
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Fax No.: |
43-1-8946046 |
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Email ID: |
DIRECTORS
As on 30.06.2014
|
Name : |
Mr. Mahadevan Anand |
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Designation : |
Director |
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Address : |
C001 Yamuna Apartment, Alaknanda, New Delhi – 110019, India |
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Date of Birth/Age : |
04.11.1951 |
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Date of Appointment : |
26.03.2009 |
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DIN No.: |
00088683 |
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Other Directorship:
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Name : |
Mr. Karl Quehenberger |
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Designation : |
Managing Director |
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Address : |
House No. 263, Sector – 21 A, Faridabad – 121001, Haryana, India |
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Date of Birth/Age : |
23.09.1962 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06564599 |
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Name : |
Mr. Harald Heber |
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Designation : |
Director |
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Address : |
Haydnweg 11, Haumannstaetten, Austria 8071 |
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Date of Birth/Age : |
24.10.1961 |
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Date of Appointment : |
19.06.2008 |
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DIN No.: |
02099980 |
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Other Directorship:
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Name : |
Mr. Didier Dechaud |
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Designation : |
Additional Director |
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Address : |
215 A V Grenoble, 38180 Seyssins, France |
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Date of Birth/Age : |
19.10.1954 |
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Date of Appointment : |
15.06.2009 |
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DIN No.: |
00475121 |
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Other Directorship:
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Name : |
Mr. Karl Scherer |
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Designation : |
Director |
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Address : |
Weizberghof 1, Weiz Austria A8160 |
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Date of Birth/Age : |
25.07.1955 |
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Date of Appointment : |
01.01.2000 |
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DIN No.: |
00348424 |
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Other Directorship:
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Name : |
Josef Ullmer |
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Designation : |
Director |
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Address : |
JL Bangka VIII No. 8, Jakarta, Indonesia 12720 |
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Date of Birth/Age : |
03.04.1962 |
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Date of Appointment : |
30.06.2014 |
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DIN No.: |
06908863 |
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Name : |
Mr. Shuban Krishan Kaul |
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Designation : |
Director |
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Address : |
House No. 633, Sector – 21 A, Faridabad – 121001, Haryana, India |
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Date of Birth/Age : |
01.03.1948 |
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Qualification : |
B.E. (Elect.) |
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Experience : |
35 Years |
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Date of Appointment : |
30.03.2011 |
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DIN No.: |
00373155 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Puneet Khurana |
|
Designation : |
Secretary |
|
Address : |
B-4, 101 Paras City, E-3, Bhopal – 462016, Madhya Pradesh, India |
|
Date of Birth/Age : |
09.03.1969 |
|
Date of Appointment : |
06.05.2002 |
|
PAN No.: |
AGTPK8924G |
MAJOR SHAREHOLDERS
As on 30.06.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Andritz Hydro Gmbh, Vienna Austria |
18500300 |
63.57 |
|
Andritz Hydro Gmbh, Germany |
10602520 |
36.43 |
|
Total |
29102820 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in business of design, manufacture, servicing, erection and installation of hydro and thermal power generator, generator components, hydro turbines, governing equipment, inlet butterfly valves, spherical valves and other related plants and equipment’s for all types of turbines. |
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|||||||||||||||
|
|
|
|||||||||||||||
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Bankers : |
·
Axis
Bank, 165 – A, 166, Star Arcade, M.P. Nagar, Zone – I, Bhopal – 462011,
Madhya Pradesh, India ·
IDBI
Bank Limited, 11th Floor, Surya Kiran Building, K.G. Marg, New
Delhi-110001, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg,, New Delhi - 110001, Delhi, India |
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|
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Building No 10,8th
Floor, Tower-b, DLF Cyber City, Phase-ii, Gurgaon, Haryana, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
As on 31.12.2012 |
|
|
|
|
|
Holding Company : |
Andritz Hydro GmbH, Austria |
|
|
|
|
Ultimate Holding
Company : |
Andritz AG, Austria |
|
|
|
|
Fellow subsidiaries |
· Andritz India Private Limited, India · Andritz Hydro Canada Inc., Canada · Andritz Hydro Limited, Canada · Andritz Technologies Limited, China · Andritz Hydro Corporation, USA · Andritz Inc,USA · Andritz Hydro AG, Switzerland · Andritz Hydro GmbH, Switzerland · Andritz Hydro S.A.S, France · Andritz Hydro S.r.l. Unipersonale, Italy · Andritz Oy,Finland ·
Andritz Hydro S.L, Spain |
|
|
|
|
Entity having
significant influence over the Company |
Andritz Hydro GmbH, Germany |
CAPITAL STRUCTURE
As on 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29102820 |
Equity Shares |
Rs.10/- each |
Rs.291.028
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.12.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
291.028 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
348.772 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
639.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
648.138 |
|
|
2] Unsecured Loans |
|
|
887.548 |
|
|
TOTAL BORROWING |
|
|
1535.686 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2175.486 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1255.632 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
|
|
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total
Current Assets |
|
|
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
|
|
|
Net Current Assets |
|
|
919.854 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2175.486 |
|
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
291.028 |
291.028 |
|
(b) Reserves & Surplus |
|
781.657 |
1150.145 |
|
(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) |
|
1072.685 |
1441.173 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
308.420 |
262.503 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
17.955 |
6.937 |
|
(d) long-term provisions |
|
279.280 |
224.708 |
|
Total Non-current Liabilities (3) |
|
605.655 |
494.148 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1260.219 |
670.143 |
|
(b) Trade payables |
|
2064.592 |
2318.469 |
|
(c) Other current
liabilities |
|
4334.546 |
3915.933 |
|
(d) Short-term provisions |
|
603.317 |
548.064 |
|
Total Current Liabilities (4) |
|
8262.674 |
7452.609 |
|
|
|
|
|
|
TOTAL |
|
9941.014 |
9387.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1287.170 |
1253.890 |
|
(ii) Intangible Assets |
|
14.028 |
17.788 |
|
(iii) Capital
work-in-progress |
|
14.083 |
6.384 |
|
(iv) Intangible
assets under development |
|
2.033 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
320.893 |
125.624 |
|
(d) Long-term Loan and Advances |
|
74.376 |
49.848 |
|
(e) Other Non-current assets |
|
8.151 |
3.011 |
|
Total Non-Current Assets |
|
1720.734 |
1456.545 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
409.411 |
593.225 |
|
(c) Trade receivables |
|
3900.845 |
3543.336 |
|
(d) Cash and cash
equivalents |
|
41.596 |
146.646 |
|
(e) Short-term loans and
advances |
|
658.659 |
631.643 |
|
(f) Other current assets |
|
3209.769 |
3016.535 |
|
Total Current Assets |
|
8220.280 |
7931.385 |
|
|
|
|
|
|
TOTAL |
|
9941.014 |
9387.930 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
7251.362 |
6749.441 |
7260.000 |
|
|
|
|
|
|
|
|
sss |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
|
7109.000 |
|
|
|
(Including
Financial and Depreciation Expenses) |
(Including
Financial and Depreciation Expenses) |
|
|
|
|
PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
|
|
151.000 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
|
|
99.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
|
|
51.970 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
|
|
120.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
(111.992) |
(560.046) |
(69.010) |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
320.893 |
(191.558) |
(21.520) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
(432.885) |
(368.488) |
(47.490) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
NA |
NA |
1609.069 |
|
|
TOTAL EARNINGS |
NA |
NA |
1609.069 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials and components |
NA |
1569.759 |
1569.759 |
|
|
|
Capital Goods |
NA |
13.388 |
13.388 |
|
|
TOTAL IMPORTS |
NA |
1583.147 |
1583.147 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
(14.87) |
(12.66) |
(10.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
(0.65) |
(5.46) |
(0.65) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.50) |
(5.83)
|
(0.75)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11) |
(0.52)
|
(0.05)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.40 |
1.46
|
0.65
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
0.99
|
1.06
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
291.028 |
291.028 |
291.028 |
|
Reserves & Surplus |
1150.145 |
781.657 |
348.772 |
|
Net
worth |
1441.173 |
1072.685 |
639.800 |
|
|
|
|
|
|
Secured Loans |
293.203 |
282.408 |
648.138 |
|
Unsecured Loans |
639.443 |
1286.231 |
887.548 |
|
Total
borrowings |
932.646 |
1568.639 |
1535.686 |
|
Debt/Equity
ratio |
0.647 |
1.462 |
2.400 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
7,260.000 |
6,749.441 |
7,251.362 |
|
|
|
(7.032) |
7.436 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
7,260.000 |
6,749.441 |
7,251.362 |
|
Profit |
(47.490) |
(368.488) |
(432.885) |
|
|
(0.65%) |
(5.46%) |
(5.97%) |
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.12.2013 Rs. In Millions |
31.12.2012 Rs. In Millions |
|
Long-term
borrowings |
|
|
|
Term loans from others |
|
255.615 |
|
Deferred payment liabilities |
|
52.805 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
|
977.811 |
|
Total |
NA |
1286.231 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10442981 |
19/07/2013 |
1,200,000,000.00 |
HDFC Bank Limited |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B82088188 |
|
2 |
10234198 |
17/07/2010 |
1,200,000,000.00 |
IDBI Bank Limited |
Indian Red Cross Society Building, 1-Red Cross Road, Delhi - 110001, India |
A91994228 |
|
3 |
10192265 |
11/01/2013 * |
2,450,000,000.00 |
Axis Bank Limited |
165a-166, Star Arcade, M. P. Nagar, Zone-I, Bhopal, Madhya Pradesh - 462011, India |
B67475798 |
|
4 |
90203959 |
06/03/2012 * |
2,160,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B36058873 |
|
5 |
90205561 |
20/09/2011 * |
2,261,700,000.00 |
State Bank of India |
Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, Delhi - 110001, India |
B23534746 |
*Date of modification Charges
FIXED ASSETS:
- Buildings
- Plant and Machinery
- Electrical Installations
- Furniture, Fixtures and Office Equipments
- Computers
- Tools
- Leased motor vehicle
- 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.60.45 |
|
UK Pound |
1 |
Rs.99.46 |
|
Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
50 |
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.