MIRA
INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEW INFRASTRUCTURE LIMITED |
|
|
|
|
Formerly Known
As : |
SEW CONSTRUCTION LIMITED |
|
|
|
|
Registered
Office : |
6-3-871, Snehalatha, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.02.1983 |
|
|
|
|
Com. Reg. No.: |
01-003796 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 879.271 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200TG1983PLC003796 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS4061P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Construction Business. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 36000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications:
Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short term debt commercial paper: “A1” (Withdrawn) |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
03.06.2013 |
Reason: Withdrawn there is no amount outstanding
under said issue as on date.
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 PARTED BY
|
Name : |
Mr. Bhaskar |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-40-66300000 |
|
Date : |
18.09.2014 |
LOCATIONS
|
Registered Office : |
6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-66300000 |
|
Fax No.: |
91-40-66300001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office : |
Located at: ·
Delhi ·
West Bengal ·
Vijayawada |
|
|
|
|
International Office : |
Located at: ·
Ethiopia ·
Singapore ·
Namibia ·
Uganda |
DIRECTORS
As on: 26.09.2013
|
Name : |
Mr. Raja Sekhar Valluripalli |
|
Designation : |
Managing director |
|
Address : |
Flat No.501, Plot No.41, Jyoti Manor, Srinnagar Colony Hyderabad –
500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
02.08.1964 |
|
Date of Appointment : |
12.09.1998 |
|
DIN No.: |
00370526 |
|
|
|
|
Name : |
Mr. Thirpath Reddy Mula |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 184, Road 15, Jublilee Hills, |
|
Date of Birth/Age : |
04.02.1927 |
|
Date of Appointment : |
09.09.1983 |
|
DIN No.: |
00357974 |
|
|
|
|
Name : |
Mr. Balakrishnarao Yalamanchili |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 167, Road 13 A, Jublilee Hills, |
|
Date of Birth/Age : |
10.06.1948 |
|
Date of Appointment : |
29.05.2003 |
|
DIN No.: |
00358282 |
|
|
|
|
Name : |
Mr. Gangadhara Rao Yalamanchili |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 417/A, Road 18, Jublilee Hills, |
|
Date of Birth/Age : |
15.08.1954 |
|
Date of Appointment : |
12.09.1998 |
|
DIN No.: |
00358053 |
|
|
|
|
Name : |
Mr. Anilkumar Sunkara |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 44, Flat – 302, Padmaja Paradise, |
|
Date of Birth/Age : |
02.06.1966 |
|
Date of Appointment : |
12.09.1998 |
|
DIN No.: |
00357786 |
|
|
|
|
Name : |
Mr. Raj Kumar Vallurupalli |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 270-H, Road No. 10, Jublilee Hills, Hyderabad, India |
|
Date of Birth/Age : |
02.09.1969 |
|
Date of Appointment : |
01.07.2004 |
|
DIN No.: |
00008848 |
|
|
|
|
Name : |
Mr. Yadav Rahul Kumar |
|
Designation : |
Director |
|
Address : |
The |
|
Date of Birth/Age : |
27.08.1963 |
|
Date of Appointment : |
26.09.2007 |
|
DIN No.: |
01649493 |
|
|
|
|
Name : |
Mr. Sunil Chawla |
|
Designation : |
Nominee director |
|
Address : |
C-41, Sector 44, Noida – 201303, Uttar Pradesh, India |
|
Date of Birth/Age : |
23.10.1962 |
|
Date of Appointment : |
29.03.2010 |
|
DIN No.: |
00865320 |
|
|
|
|
Name : |
Mr. Rameshchandra Bose Tummula |
|
Designation : |
Director |
|
Address : |
Flat No.101, Vamsirishi Residency, H. No. 6-3-865/B, Greenlands ‘X’
Roads, Ameerpet, Hyderabad – 500016, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.01.1941 |
|
Date of Appointment : |
27.05.2010 |
|
DIN No.: |
00160630 |
|
|
|
|
Name : |
Mr. Gajinder Singh Sahni |
|
Designation : |
Director |
|
Address : |
B-8/4, G/F Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
17.11.1946 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
02066897 |
KEY EXECUTIVES
|
Name : |
Mr. Amara Bhaskara Roa |
|
Designation : |
Secretary |
|
Address : |
Flat No.:305, Aakruti Arcade, Bunglow No.45/A, Lane No.4, Czezh Colony,
Sanath Nagar, Hyderabad – 500018, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.11.1981 |
|
Date of Appointment : |
12.03.2008 |
|
PAN No.: |
AGKPA0620Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2013
SHAREHOLDERS DETAILS FILE ATTCHED.
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Venture Capital |
|
17.07 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
2.50 |
|
Bodies corporate |
|
3.42 |
|
Directors or relatives of directors |
|
47.45 |
|
Other top fifty shareholders |
|
29.56 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Construction Business. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Maharashtra, Sultan Bazar Branch, 4-3-379, First Floor, Bank Street, Hyderabad - 500001, Andhra Pradesh, India · Axis Bank Limited, 1st Floor, 6-3-879/B, Greenlands Road, Begumpet, Hyderabad - 500016, Andhra Pradesh, India ·
ICICI Bank Limited, Landmarkrace Cource
Circle, Alkapuri, Baroda - 390015, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
1-8-384 and 385, 3rd Floor, Gowra Grand,
S.P. Road, Begumpet, Secunderabad – 500003, India |
|
PAN No.: |
AACFD3771D |
|
|
|
|
Subsidiaries and step down subsidiaries : |
·
SEW Green Energy Limited (Formerly SEW Energy
Limited) [U40101AP2007PLC052941] ·
SEW Transportation Networks Limited (Formerly SEW
Highways Limited) [U45203AP1997PLC026884] ·
SEW Power Limited (Formerly SEW Solar Power
Limited) [U40104AP2009PLC066442] ·
SEW Realty Limited [U70102AP2007PLC052663] ·
SEW Navayuga Barwani Tollways Private Limited
[U45200AP2007PTC056237] ·
SEW Constructions (Maharashtra) Limited
[U45202PN1998PLC013152] ·
SEW International Holdings Private Limited ·
Sree Venkateswara Power and Utilities Limited
[U40104AP2001PLC037125] ·
Balaji Industrial Treatment Systems Limited
[U90000AP2011PLC072835] ·
SEW Trident Global Pte Limited, Singapore ·
SEW Nyukcharong Chu Power Corporation Limited
[U40101AP2008PLC060107] ·
SEW Mago Chu Power Corporation Limited
[U40105AP2008PLC060189] ·
SEW Rho Power Corporation Limited
[U40101AP1997PLC028298] ·
SEW Rangmaw Power Corporation Limited
[U40108AP2010PLC069326] ·
SEW Thermal Power Corporation (AP) Limited
[U40108AP2010PLC068928] ·
SEW Thermal Power Corporation (Jharkhand) Limited ·
SEW Nafra Power Corporation Limited
[U40105AP2008PLC058508] ·
SEW Bellary Highways Limited
[U45400AP2010PLC069982] ·
SEW Krishnagar Baharampore Highways Limited
[U45400AP2011PLC073116] ·
SEW Vizag Port Terminal Limited
[U45400AP2011PLC073484] ·
SEW Carbons Limited [U23203AP2010PLC070842] ·
SEW Thermal Power Corporation Limited
[U40108AP1999PLC031522] ·
SEW Trident Commodities Pte Limited, Singapore ·
Trident Coal and Energy Pte Limited, Singapore ·
SEW Trisula Global PT, Indonesia |
|
|
|
|
Jointly Controlled Entities : |
·
DANS Energy Private Limited
[U72900DL2003PTC119047] ·
Dezign Elementz Consultants Private Limited
[U93000AP2008PTC061110] ·
TT Energy Private Limited [U40102DL2006PTC150487] ·
SEW Vidarbha Infrastructure Limited
[U45201MH2006PTC164648] ·
West Bengal SEW Prasad Infrastructure Limited
[U45309WB2006PLC108996] |
|
|
|
|
Other Related Party : |
Intercontinental Infrastructure Limited [U45200AP2003PLC040845] |
|
|
|
|
Jointly Controlled Operations : |
·
IVRCL – SEW and Prasad ·
IVRCL – Navayuga – SEW ·
SEW – Coastal ·
Navayuga – IVRCL and SEW ·
SEW and Precision ·
SEW – Prasad and KCPL ·
PES and SEW ·
SEW and Prasad ·
SEW – Jyothi ·
SEW and KCPL ·
SEW – MEIL – BHEL ·
IVRCL – SEW – WPIL ·
HCC – SEW – MEIL ·
HCC – SEW – MEIL – AAG ·
SEW – Om Metals ·
SEW, MEIL, ZVST and AAG ·
Patel – SEW ·
Sabir, SEW and Prasad ·
Progressive – SEW – BEML ·
CRSGC – SEW ·
Prasad and SEW ·
SEW-KRANTHI ·
SEW – AIPPL ·
SEW and Coastal ·
SPML – SEW – AMR ·
MEIL – SEW – MAYTAS – BHEL ·
MEIL – SEW – ABB – AAG ·
SEW – KRANTHI – AKR |
CAPITAL STRUCTURE
As on: 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.10/- each |
Rs.1500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
77927149 |
Equity Shares |
Rs.10/- each |
Rs. 779.271
Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.10/- each |
Rs.1500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47927149 |
Equity Shares |
Rs.10/- each |
Rs. 479.271
Millions |
|
50000000 |
Preference Share |
Rs.10/- each |
Rs. 400.000
Millions |
|
|
Total |
|
Rs. 879.271 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 |
879.271 |
479.271 |
479.271 |
|
(b) Reserves & Surplus |
8161.341 |
7432.736 |
6734.268 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
500.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
9040.612 |
8412.007 |
7213.539 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
2508.816 |
3250.635 |
1633.946 |
|
(b) Deferred tax liabilities (Net) |
189.308 |
179.340 |
170.015 |
|
(c) Other long
term liabilities |
6406.704 |
2133.734 |
1108.952 |
|
(d) long-term
provisions |
30.999 |
45.776 |
61.766 |
|
Total Non-current
Liabilities (3) |
9135.827 |
5609.485 |
2974.679 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
5244.515 |
4214.070 |
3462.427 |
|
(b)
Trade payables |
4261.287 |
3332.246 |
3261.937 |
|
(c)
Other current liabilities |
7977.145 |
8252.099 |
4867.604 |
|
(d) Short-term
provisions |
46.779 |
43.336 |
179.651 |
|
Total Current Liabilities
(4) |
17529.726 |
15841.751 |
11771.619 |
|
|
|
|
|
|
TOTAL |
35706.165 |
29863.243 |
21959.837 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4301.816 |
3951.630 |
3895.661 |
|
(ii)
Intangible Assets |
20.939 |
13.843 |
26.444 |
|
(iii)
Capital work-in-progress |
13.351 |
86.502 |
131.975 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6967.114 |
6885.108 |
4720.668 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2956.996 |
1377.297 |
1610.701 |
|
(e) Other
Non-current assets |
293.957 |
359.791 |
0.000 |
|
Total Non-Current
Assets |
14554.173 |
12674.171 |
10385.449 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
1084.453 |
0.000 |
0.000 |
|
(b)
Inventories |
2271.554 |
1451.637 |
1541.250 |
|
(c)
Trade receivables |
7670.884 |
6238.248 |
5230.221 |
|
(d) Cash
and cash equivalents |
1558.567 |
1753.915 |
1241.067 |
|
(e)
Short-term loans and advances |
4443.610 |
3441.526 |
2270.402 |
|
(f)
Other current assets |
4122.924 |
4303.746 |
1291.448 |
|
Total
Current Assets |
21151.992 |
17189.072 |
11574.388 |
|
|
|
|
|
|
TOTAL |
35706.165 |
29863.243 |
21959.837 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
25565.948 |
20744.997 |
18116.693 |
|
|
|
Other Income |
542.155 |
253.151 |
323.283 |
|
|
|
TOTAL (A) |
26108.103 |
20998.148 |
18439.976 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
7450.411 |
4995.216 |
5737.409 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(778.966) |
167.168 |
(216.270) |
|
|
|
Employees benefits expense |
1464.058 |
1359.582 |
1199.722 |
|
|
|
Other expenses |
14882.507 |
11746.291 |
9044.542 |
|
|
|
TOTAL
(B) |
23018.010 |
18268.257 |
15765.403 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3090.093 |
2729.891 |
2674.573 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1336.862 |
952.250 |
564.821 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1753.231 |
1777.641 |
2109.752 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
571.971 |
532.593 |
486.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1181.260 |
1245.048 |
1623.387 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
354.846 |
413.325 |
552.759 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
826.414 |
831.723 |
1070.628 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.24 |
17.35 |
22.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.17 |
3.96 |
5.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.62 |
6.00 |
8.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.11 |
5.44 |
9.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.15 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.86 |
0.89 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.09 |
0.98 |
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 |
479.271 |
479.271 |
879.271 |
|
Reserves & Surplus |
6734.268 |
7432.736 |
8161.341 |
|
Share Application money pending
allotment |
0.000 |
500.000 |
0.000 |
|
Net worth |
7213.539 |
8412.007 |
9040.612 |
|
|
|
|
|
|
long-term borrowings |
1633.946 |
3250.635 |
2508.816 |
|
Short term borrowings |
3462.427 |
4214.070 |
5244.515 |
|
Total borrowings |
5096.373 |
7464.705 |
7753.331 |
|
Debt/Equity ratio |
0.707 |
0.887 |
0.858 |
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 |
18116.693 |
20744.997 |
25565.948 |
|
|
|
14.508 |
23.239 |
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 |
18116.693 |
20744.997 |
25565.948 |
|
Profit |
1070.628 |
831.723 |
826.414 |
|
|
5.91% |
4.01% |
3.23% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
499.994 |
400.000 |
|
Other loans and advances |
185.665 |
66.712 |
|
|
|
|
|
Total |
685.659 |
466.712 |
PERFORMANCE REVIEW
The financial year 2012-13 has been challenging for the entire infrastructure industry impacted by a slowing economy, decelerating GDP growth, high fiscal and current account deficits and hardening interest rates and inflationary trends. There was lackluster investment momentum in capital expenditure and visible slowdown in infrastructure order booking across the country.
The Company faced up to the challenges with agility to go-ahead with execution and delivery of projects on-hand and achieved revenue from operations of Rs. 2,5566.000 millions in the year as against Rs. 2,0745.000 millions in the previous year, an increase of 23.2%. The profit after tax was Rs. 826.000 millions for an EPS of Rs. 172.400 millions. The comparative figures in the previous year were net profit of Rs. 831.000 millions and EPS of Rs. 173.500 Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10513617 |
23/07/2014 |
2,925,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, (GROUND FLOOR), 17, R. KAMANI MARG, ASIAN BUILDING, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C14826630 |
|
2 |
10515407 |
23/07/2014 |
17,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C16706061 |
|
3 |
10506663 |
19/06/2014 |
8,865,000,000.00 |
POWER FINANCE CORPORATION LIMITED |
'URJANIDHI', 1, BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C09693649 |
|
4 |
10504637 |
27/05/2014 |
34,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH - 13039, OZONE, 2ND FLOOR, #6-3-669, PUNJAGUTTA MAIN ROAD, HYDERABAD, TELANGANA - 500082, INDIA |
C07632086 |
|
5 |
10490627 |
31/03/2014 |
3,000,000.00 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
TOWER C, 14TH FLOOR, BUILDING NO. 10, DLF CYBER CITY, PHASE-II, GURGAON, HARYANA - 122002, INDIA |
C03897519 |
|
6 |
10489323 |
14/03/2014 |
8,031,000.00 |
TATA MOTORS FINANCE LIMITED |
TATA MOTORS FINANCE LIMITED, NANAVATI MAHALAYA, 18, HOMI MODY
STREET, MUMBAI, MAHARASHTRA - 400001, |
C02648632 |
|
7 |
10470370 |
03/01/2014 |
1,250,000,000.00 |
BANK OF INDIA |
HYDERABAD LARGE CORPORATE BRANCH, 10-1-1199/2, FIRST FLOOR, PTI BUILDING, A. C. GUARDS, MAZAB TANK, HYDERABAD, ANDHRA PRADESH - 500004, INDIA |
B93561413 |
|
8 |
10473145 |
27/12/2013 |
1,000,000,000.00 |
AXIS BANK LIMITED |
1ST FLOOR, 6-3-879/B, GREENLANDS ROAD, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
B94565777 |
|
9 |
10461387 |
30/10/2013 |
1,155,241.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY DESIKA ROAD, MYLAPORE,, CHENNAI, TAMIL NADU - 600004, INDIA |
B90021098 |
|
10 |
10461327 |
30/10/2013 |
2,137,500.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY DESIKA ROAD, MYLAPORE, CHENNAI, TAMIL NADU - 600004, INDIA |
B90004243 |
FIXED ASSETS:
·
Land–Free hold
·
Buildings
·
Plant and Machinery
·
Transport Vehicles
·
Furniture and Fixtures
·
Inspection Vehicles
·
Office Equipment
·
Scientific and Engineering Equipment
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. 60.81 |
|
|
1 |
Rs. 100.06 |
|
Euro |
1 |
Rs. 78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
5 |
|
--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 |
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.