MIRA
INFORM REPORT
|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
B E BILLIMORIA AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Shiv Sagar Estate A Block, 2nd Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.02.1962 |
|
|
|
|
Com. Reg. No.: |
11-012268 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.115.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1962PLC012268 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB11823A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1542P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Civil Engineering Construction Contractors. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating take into consideration company’s moderate financial risk profile
and loss that company has incurred from its operational activities during the
year 2013. However, trade relations are fair. Business is active. Payment terms
are reported to be 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 |
CRISIL |
|
Rating |
BB *-ve (Long term) |
|
Rating Explanation |
Inadequate degree of safety and high credit
risk. |
|
Date |
09, June 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 *-ve (Short term) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
09, June 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (91-22-66545000)
LOCATIONS
|
Registered Office/ Head Office : |
Shiv Sagar Estate A Block, 2nd Floor, Dr. A B Road, Worli,
Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66545000 |
|
Fax No.: |
91-22-66545050 |
|
E-Mail : |
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|
Website : |
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|
|
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|
Branch Office : |
Located at · Ahmedabad · Bangalore · Hyderabad ·
Pune |
DIRECTORS
As on: 17.04.2014
|
Name : |
Mr. Digant
Laxmidas Kapadia |
|
Designation : |
Managing Director |
|
Address : |
152, Ramanuj, Road
No.9, Wadala, Mumbai – 400031, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1957 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
14.07.1994 |
|
Election Commission Identity Card No. : |
MT/06/033/135269 |
|
DIN No. : |
00021310 |
|
|
|
|
Name : |
Mr. Jeet Digant Kapadia |
|
Designation : |
Whole-Time Director |
|
Address : |
152, Ramanuj, Road
No.9, Wadala, Mumbai – 400031, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1987 |
|
Date of Appointment : |
07.02.2014 |
|
DIN No. : |
02633453 |
|
|
|
|
Name : |
Mr. N. Ravichandran |
|
Designation : |
Director |
|
Address : |
Flat No. 1101, 11 Floor, Chandramani CHS Limited, Plot – 133/134,
Telang Cross Road No.3, Matunga, Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
28.05.1957 |
|
Date of Appointment : |
07.02.2014 |
|
DIN No. : |
00081026 |
KEY EXECUTIVES
|
Name : |
Ms. Manisha Sadanand Phadke |
|
Designation : |
Company Secretary |
|
Address : |
Gurukrupa, A Wing, Flat – 602, |
|
Date of Birth/Age : |
03.11.1973 |
|
Qualification : |
09.10.2007 |
|
PAN No. : |
AOQPP3265E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 17.04.2014
|
Names of Shareholders |
|
No. of Shares |
|
Consolidated Infrastructure Company Private Limited, |
|
3620000 |
|
Indivision |
|
3300000 |
|
Digant Laxmidas
Kapadia and Nayana Digant Kapadia jointly |
|
2311127 |
|
Devata Properties Private Limited, |
|
480000 |
|
Jeet Digant Kapadia,
Nayana Digant Kapadia and Digant Laxmidas Kapadia jointly |
|
24 |
|
DLK Commercial Private Limited, India
|
|
1848800 |
|
Mukti Anil Thakkar Anil Pratapral Thakkar jointly |
|
1 |
|
Tunisha Digant Kapadia and
Digant Laxmidas Kapadia jointly |
|
24 |
|
Nayana Digant
Kapadia and Digant Laxmidas Kapadia jointly |
|
24 |
|
|
|
|
|
Total |
|
11560000 |
Equity Share Break up (Percentage of Total Equity)
As on: 17.04.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
28.55 |
|
Bodies corporate |
|
51.46 |
|
Directors or relatives of directors |
|
19.99 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil Engineering Construction Contractors. |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· Axis Bank Limited, Trishul 3rd Floor, Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India · Standard Chartered Bank, 90, M. G. Road, Fort, Mumbai - 400001, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Thacker Butala Desai Chartered Accountant |
|
Address : |
Office No. 418,4th Floor, Dalalmal Towers, B-Wing, Nariman Point, Mumbai-400021, Maharashtra, India |
|
PAN No.: |
AAAFT2158E |
|
|
|
|
Associates : |
Mahindra Bebanco Developers Limited\ U45203MH2008PLC183107 |
|
|
|
|
Joint venture : |
Gammon and Billimoria Limited U42200MH2002PLC138442 |
|
|
|
|
Subsidiary company
: |
· Bebanco Northern Contracts Limited U45400DL2007PLC165127 · Modern Tollroads Limited U45203MH2007PLC173503 · Bebanco Developers Limited U70102MH2010PLC199734 · Bebanco Infrastructure Limited U45202MH2010PLC199623 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11560000 |
Equity Shares |
Rs.10/- each |
Rs.115.600 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 |
115.600 |
115.600 |
115.600 |
|
(b) Reserves & Surplus |
2091.991 |
2689.733 |
2428.998 |
|
(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) |
2207.591 |
2805.333 |
2544.598 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
506.411 |
508.571 |
0.251 |
|
(b) Deferred tax liabilities
(Net) |
35.793 |
33.783 |
28.389 |
|
(c) Other long term
liabilities |
833.002 |
1031.070 |
372.293 |
|
(d) long-term provisions |
2.734 |
1.070 |
0.082 |
|
Total
Non-current Liabilities (3) |
1377.940 |
1574.494 |
401.015 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1716.773 |
1467.952 |
773.141 |
|
(b) Trade payables |
1281.089 |
1058.817 |
616.529 |
|
(c) Other current liabilities |
2234.796 |
2322.438 |
1372.677 |
|
(d) Short-term provisions |
8.629 |
11.422 |
17.365 |
|
Total
Current Liabilities (4) |
5241.287 |
4860.629 |
2779.712 |
|
|
|
|
|
|
TOTAL |
8826.818 |
9240.456 |
5725.325 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1519.259 |
1510.624 |
1145.641 |
|
(ii) Intangible Assets |
13.545 |
11.773 |
3.068 |
|
(iii) Capital work-in-progress |
189.192 |
186.396 |
177.998 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
12.345 |
14.181 |
12.181 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1035.406 |
44.412 |
21.686 |
|
(e) Other Non-current assets |
2.700 |
2.700 |
185.962 |
|
Total
Non-Current Assets |
2772.447 |
1770.086 |
1546.536 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2814.812 |
2954.358 |
914.763 |
|
(c) Trade receivables |
2382.649 |
2268.608 |
1448.732 |
|
(d) Cash and cash equivalents |
83.490 |
162.438 |
40.539 |
|
(e) Short-term loans and
advances |
772.116 |
2084.179 |
1773.942 |
|
(f) Other current assets |
1.304 |
0.787 |
0.813 |
|
Total
Current Assets |
6054.371 |
7470.370 |
4178.789 |
|
|
|
|
|
|
TOTAL |
8826.818 |
9240.456 |
5725.325 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
6503.923 |
7146.366 |
4968.377 |
|
|
Other Income |
65.591 |
52.399 |
55.852 |
|
|
TOTAL
(A) |
6569.514 |
7198.765 |
5024.229 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
6177.392 |
6150.000 |
4204.211 |
|
|
Employees benefits expense |
209.763 |
205.636 |
122.326 |
|
|
Other expenses |
86.474 |
88.100 |
62.643 |
|
|
Exceptional Items |
125.667 |
0.000 |
0.000 |
|
|
TOTAL
(B) |
6599.296 |
6443.736 |
4389.180 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(29.782) |
755.029 |
635.049 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
345.279 |
157.187 |
48.995 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(375.061) |
597.842 |
586.054 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
231.018 |
198.253 |
148.714 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(606.079) |
399.589 |
437.340 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
2.011 |
127.674 |
142.915 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
(608.090) |
271.915 |
294.425 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1878.154 |
1616.987 |
1333.310 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
|
|
|
|
|
Dividend |
|
9.248 |
9.248 |
|
|
Tax on Dividend |
|
1.500 |
1.500 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
NA |
1878.154 |
1616.987 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(52.60) |
24.00 |
25.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(9.26) |
3.78 |
5.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.32) |
5.59 |
8.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.03) |
4.42 |
7.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.27) |
0.14 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.01 |
0.70 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.54 |
1.50 |
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 |
115.600 |
115.600 |
115.600 |
|
Reserves & Surplus |
2428.998 |
2689.733 |
2091.991 |
|
Net
worth |
2544.598 |
2805.333 |
2207.591 |
|
|
|
|
|
|
long-term borrowings |
0.251 |
508.571 |
506.411 |
|
Short term borrowings |
773.141 |
1467.952 |
1716.773 |
|
Total
borrowings |
773.392 |
1976.523 |
2223.184 |
|
Debt/Equity
ratio |
0.304 |
0.705 |
1.007 |
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 |
4968.377 |
7146.366 |
6503.923 |
|
|
|
43.837 |
(8.990) |
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 |
4968.377 |
7146.366 |
6503.923 |
|
Profit |
294.425 |
271.915 |
(608.090) |
|
|
5.93% |
3.80% |
(9.35%) |
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 |
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 |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
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Lodging No:- |
NMAL/3188/2010 |
Failing Date:- |
09/11/2010 |
Reg. No.:- |
NMA/3188/2010 |
Reg. Date:- |
09/11/2010 |
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Main Matter |
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Lodging No:- |
APPL/752/2010 |
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Petitioner:- |
MUNICIPAL CORPORATION OF THE CITY OF THANE AND ANR |
Respondent:- |
B.E. BILLIMORIA AND CO |
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Petn.Adv:- |
CHITNIS VAITHY AND CO (O) |
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District:- |
THANE |
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Bench:- |
DIVISION |
Category:- |
NOTICE OF MOTION (APPEAL) |
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Status:- |
Pre-Admission |
Stage:- |
NOTICE OF MOTION FOR HEARING [ORIGINAL SIDE MATTERS] |
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Last Date:- |
25/11/2013 |
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Last Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
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Act:- |
C.P.C.- (Interlocutory Order) |
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UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign currency term loans from banks |
0.000 |
43.224 |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
260.000 |
550.000 |
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|
|
|
|
Total |
260.000 |
593.224 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10477269 |
18/12/2013 |
3,410,336,482.00 |
BANK OF INDIA LIMITED |
FREE PRESS HOUSE
9TH FLOOR, FREE PRESS JOURNAL MA |
B96207592 |
|
2 |
10463994 |
11/11/2013 |
15,429,840.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAWG |
B91040717 |
|
3 |
10441651 |
27/07/2013 |
19,133,240.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAWG |
B81501777 |
|
4 |
10428740 |
02/05/2013 |
6,918,962.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAWG |
B76115039 |
|
5 |
10413213 |
09/03/2013 |
8,328,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAWG |
B71264790 |
|
6 |
10406416 |
31/01/2013 |
10,978,188.00 |
Axis Bank Limited |
1ST FLOOR,
JANMABHOOMI BHAVAN, JANMABHOOMI MARG, |
B68971464 |
|
7 |
10390104 |
23/10/2012 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B63350326 |
|
8 |
10355889 |
10/05/2012 |
450,000,000.00 |
ICICI Bank Limited |
ICICI TOWER BANDRA
KURLA COMPLEX, BANDRA EAST, MU |
B39656004 |
|
9 |
10313040 |
18/10/2011 |
150,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITE |
52/60, MAHATMA GANDHI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B23503659 |
|
10 |
10290672 |
28/05/2011 |
350,000,000.00 |
BNP Paribas |
EAST TOWERS, (SOOD TOWERS), 1ST FLOOR, 25, BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B14443204 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Electrical Incubation
·
Furniture and Fixtures
·
Office Equipments
·
Vehicle
Intangible Assets
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
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Analysis Done by
: |
KAR |
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|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
|
--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 |
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DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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 |
|
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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.