MIRA
INFORM REPORT
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Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
NCC LIMITED (w.e.f.25.02.2011) |
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Formerly Known
As : |
NAGARJUNA CONSTRUCTION COMPANY LIMITED |
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Registered
Office : |
NCC House, Madhapur, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.03.1990 |
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Com. Reg. No.: |
01-011146 |
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Capital
Investment / Paid-up Capital : |
Rs.513.170 Millions |
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CIN No.: [Company Identification
No.] |
L72200AP1990PLC011146 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDN00212C |
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PAN No.: [Permanent Account No.] |
AAACN7335C |
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Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Construction and Project Activities. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. The rating takes in to consideration NCC’S delay in meeting its debt
servicing obligation marked by moderate financial risk profile and thin
profitability levels of the company. Business is active. Payments are reported to be slow. The company can be considered for business dealings on safe and
secured 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
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Rating |
Long Term Rating = D |
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Rating Explanation |
Instruments with this rating are in default or expected to be in
default soon. |
|
Date |
22.04.2014 |
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 BY
Management Non Co-Operative (Tel No.: 91-40-23268888)
LOCATIONS
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Registered Office : |
NCC House, Madhapur, Hyderabad – 500081, Andhra Pradesh, India |
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Tel. No.: |
91-40-23268888 |
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Fax No.: |
91-40-23125555 |
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E-Mail : |
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Website : |
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Regional Offices : |
Located at ·
Ahmedabad ·
Bengaluru ·
Bhopal ·
Bhubaneswar ·
Chennai ·
Delhi ·
Kolkata ·
Kochi ·
Lucknow ·
Mumbai ·
Ranchi |
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Overseas Offices : |
Located at ·
Dubai ·
Muscat ·
Doha ·
Riyadh |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. P. Abraham, IAS (Retd.) |
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Designation : |
Independent Director |
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Name : |
Mr. R. V. Shastri |
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Designation : |
Independent Director |
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Name : |
Mr. P C Laha# |
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Designation : |
Independent Director |
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Name : |
Mr. T N Manoharan |
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Designation : |
Independent Director |
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Name : |
Mr. Anil P Gupta |
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Designation : |
Independent Director |
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Name : |
Mr. Akhil Gupta## |
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Designation : |
Nominee Director |
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Name : |
Mr. Hemant M Nerurkar* |
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Designation : |
Additional Director |
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Name : |
Mr. Amit Dixit** |
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Designation : |
Nominee Director |
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Name : |
Mr. Utpal Sheth*** |
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Designation : |
Additional Director |
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Name : |
Mr. N. R. Alluri |
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Designation : |
Director |
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Name : |
Mr. A A V Ranga Raju |
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Designation : |
Managing Director |
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Name : |
Mr. A G K Raju |
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Designation : |
Executive Director |
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Name : |
Mr. A S N Raju |
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Designation : |
Wholetime Director |
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Name : |
Mr. J V Ranga Raju |
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Designation : |
Wholetime Director |
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Name : |
Mr. A V N Raju |
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Designation : |
Wholetime Director |
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Name : |
Mr. A K H S Rama Raju |
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Designation : |
Wholetime Director |
# Resigned w.e.f. 12-02-2014.
## Resigned w.e.f. 15-05-2014.
* Appointed as Additional Director w.e.f. 09-04-2014.
** Appointed as Nominee Director w.e.f. 15-05-2014.
*** Appointed as Additional Director w.e.f. 11-10-2013.
KEY EXECUTIVES
|
Name : |
Mr. R S Raju |
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Designation : |
Chief Financial Officer and Executive Vice President (F and A) |
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Name : |
Mr. M V Srinivasa Murthy |
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Designation : |
Company Secretary and Sr. VP (Legal) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2014
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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29794808 |
11.61 |
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18666942 |
7.28 |
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48461750 |
18.89 |
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Total shareholding of Promoter and Promoter Group (A) |
48461750 |
18.89 |
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(B) Public Shareholding |
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17731992 |
6.91 |
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1556960 |
0.61 |
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94538282 |
36.85 |
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113827234 |
44.37 |
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27431348 |
10.69 |
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27631114 |
10.77 |
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36691276 |
14.30 |
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|
2522388 |
0.98 |
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|
20600 |
0.01 |
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|
944547 |
0.37 |
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|
761 |
0.00 |
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1556480 |
0.61 |
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94276126 |
36.75 |
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Total Public shareholding (B) |
208103360 |
81.11 |
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Total (A)+(B) |
256565110 |
100.00 |
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(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
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0 |
0.00 |
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|
18700 |
0.00 |
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18700 |
0.00 |
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Total (A)+(B)+(C) |
256583810 |
0.00 |
BUSINESS DETAILS
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Line of Business : |
Construction and Project Activities. |
GENERAL INFORMATION
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No. of Employees : |
Information denied by management |
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Bankers : |
· State Bank of India · Canara Bank · Andhra Bank · State Bank of Hyderabad · Syndicate Bank · Indian Overseas Bank · Allahabad Bank · ICICI Bank · Standard Chartered Bank · IDBI Bank Limited |
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Facilities : |
Notes: LONG TERM
BORROWINGS 11.95% Redeemable Non-convertible Debentures
i.
Debentures numbering to 1,000 having a face value
of H1 million each aggregating to Rs.1000.000 million privately placed with
Life Insurance Corporation of India on February 4, 2009. These are secured by
first charge created in favour of IDBI Trusteeship Services Limited, trustees
to the debenture holders §
by way of hypothecation of the Company’s movable
properties specified in the Schedule-2 of
Memorandum of Hypothecation dated April 25, 2009; §
first charge by way of equitable mortgage by
deposit of title deeds of the Company’s immovable property situated at
Gujarat as specified in first schedule to the Debenture Trust Deed dated
April 23, 2009; §
equitable mortgage by deposit of title deeds of
Company’s immovable properties situated at Hyderabad, Bangalore, Mumbai and
New Delhi as specified in Schedule-A of Declaration and Undertaking dated
April 25, 2009. ii.
These debentures are to be redeemed at par in 3
installments in the ratio of 25:25:50 commencing at the end of 3rd year from
the date of allotment i.e., February 4, 2012 onwards. iii.
The debenture holders have consented for
deferment of due date for final installment of H500.00 million from February
04, 2014 to September 30, 2014 with an increase in rate of interest by 25
basis points effective from February 04, 2014. 10.50% Redeemable Non-convertible Debentures
i.
Debentures numbering to 1,000 having a face value
of H1 million each comprising of ten (10) Detachable and Separately
Transferable, Redeemable Principal Parts (“STRPPS”) aggregating to H1,000
million privately placed during 2009-10 with various banks and financial
institutions. These are secured by first charge created in favour of IDBI
Trusteeship Services Limited, trustees to the debenture holders, by way of
equitable mortgage of the title deeds in respect of the company’s immovable
property situated at Kadi Taluka, Mehasana district, Gujarat as specified in
the first schedule to the Debenture Trust Deed dated September 15, 2009 and
by way of equitable mortgage by deposit of title deeds of the immovable
properties of the Company and its subsidiary and its step-down subsidiaries,
situated at Hyderabad as specified in Schedule-A to I of Declaration and
Undertaking dated October 12, 2009. ii.
These debentures are to be redeemed at par in 3
installments in the ratio of 30:30:40 commencing at the end of 3rd year from
the date of allotment i.e., July 24, 2012 onwards. 9.50 % Redeemable Non-Convertible Debentures
i.
Debentures numbering to 500 having face value of
H4 million each comprising of four (4) Detachable and Separately Transferable
Redeemable principal parts (“STRPPS”) of face value of H1 million each
aggregating to Rs.2000.0.00 million privately placed with ICICI Bank Limited. ii.
These Debentures are to be redeemed at par in
four equated installments commencing at the end of second year from the date of
allotment i.e. August 11, 2012 onwards. Term Loans from Banks
i.
HDFC Bank and Indus Ind Bank Limited §
Secured by hypothecation of specific assets
purchased out of the loan, comprising Plant and Machinery ii.
Standard Chartered Bank - Secured by hypothecation
of specific assets, comprising Plant and Machinery iii.
Axis Bank Limited and Kotak Mahindra Bank §
Secured by hypothecation of specific assets
purchased out of the loan Vehicle loans Vehicle loans
are secured by hypothecation of the vehicles financed through the loan
arrangements. Such loans are repayable in equal monthly installments over a
period of 3 years and carry interest rate ranging between 9.49 % to 11.61 %
per annum. SHORT TERM BORROWINGS Working Capital Demand Loans and Cash Credit
facilities availed from consortium of banks are secured by: a)
Hypothecation against first charge on stocks,
book debts, shares of NCC Infrastructure Holdings Limited and other current
assets of the Company, (excluding specific projects) both present and future,
ranking parri passu with consortium banks. b)
Hypothecation against first charge on
unencumbered fixed assets of the Project Division and Light Engineering
Division(excluding Land & Buildings) of the Company rank parri passu with
consortium banks. c) Equitable mortgage of
three properties (Land & Buildings). Secured - term loans from Banks: a)
Collateral security / First charge on immovable
property and second charge on current assets of the company b)
The company availed short term loans from various banks having a
maturity of less than one year and carry interest rate ranging between
12.50% to 14.00 % per annum. |
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Banking
Relations : |
-- |
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Joint Statutory Auditors 1 : |
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Name : |
M. Bhaskara Rao and Company Chartered Accountants |
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Address : |
6-3-652 5-D, Fifth Floor, ‘KAUTILYA’, Amrutha Estates, Somajiguda,
Hyderabad – 500082, Andhra Pradesh, India |
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Joint Statutory Auditors 2 : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
1-8-384 and 385, 3rd Floor, Gowra Grand, Sardar Patel Road,
Secunderabad – 500003, Andhra Pradesh, India |
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Subsidiaries : |
· NCC Infrastructure Holdings Limited · NCC Urban Infrastructure Limited · NCC Vizag Urban Infrastructure Limited · Nagarjuna Construction Co. Limited and Partners LLC · OB Infrastructure Limited · NCC Infrastructure Holdings Mauritius Pte. Limited · Nagarjuna Construction Company International LLC · Nagarjuna Contracting Co .LLC · Patnitop Ropeway and Resorts Limited · Western UP Tollway Limited · Vaidehi Avenues Limited) · NCC International Convention Centre Limited · NCC Oil and Gas Limited. · Nagarjuna Construction Company (Kenya) Limited · Naftagaz Engineering Private Limited · NCC Power Projects (Sompeta) Private Limited* · Aster Rail Private Limited |
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Step-Down
Subsidiaries |
· Liquidity Limited · Dhatri Developers and Projects Private Limited · Sushanti Avenues Private Limited · Sushruta Real Estates Private Limited · PRG Estates Private Limited · Thrilekya Real Estates Private Limited · Varma Infrastructure Private Limited · Nandyala Real Estates Private Limited · Kedarnath Real Estates Private Limited · AKHS Homes Private Limited · JIC Homes Private Limited · Sushanthi Housing Private Limited · CSVS Property Developers Private Limited · Vera Avenues Private Limited · Sri Raga Nivas Property Developers Private Limited · VSN Property Developers Private Limited · M A Property Developers Private Limited · Vara Infrastructure Private Limited · Sri Raga Nivas Ventures Private Limited · Mallelavanam Property Developers Private Limited · Sradha Real Estates Private Limited · Siripada Homes Private Limited · NJC Avenues Private Limited · NCC Urban Lanka (Private) Limited · NCC WLL · Al Mubarakia Contracting Company LLC · NCCA International Kuwait General Contracts Company LLC · Samashti Gas Energy Limited · NCC Infra Limited · NCC Urban Homes Private Limited · NCC Urban Ventures Private Limited · NCC Urban Meadows Private Limited · NCC Urban Villas Private Limited · Nagarjuna Suites Private Limited |
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Joint Ventures : |
· Brindavan Infrastructure Company Limited · Bangalore Elevated Tollway Limited · Pondicherry Tindivanam Tollway Limited · Varapradha Real Estates Private Limited · NCC - Himachal · NCC - NEC - Maytas · NCC – VEE · Premco – NCC · SDB-NCC-NEC · NCC-PNC · NCC – SJRIPL · NCC - MSKEL |
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Associates : |
· Paschal Form Work (I) Private Limited · Nagarjuna Facilities Management Services LLC · Himalayan Green Energy Private Limited · Jubilee Hills Landmark Projects Private Limited · Tellapur Technocity (Mauritius) · Tellapur Technocity Private Limited · Apollonius Coal and Energy Pte. Limited · NCC Power Projects Limited |
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Enterprises owned or significantly
influenced by key management personnel or their relatives : |
· NCC Blue Water Products Limited · Swetha Estates · NCC Finance Limited · Sirisha Memorial Charitable Trust · Shyamala Agro Farms Private Limited · Ranga Agri Impex Private Limited · NCC Foundation · Sirisha Projects Private Limited · Ruthvik Estates Private Limited · Narasimha Developers Private Limited · Mihika Agro Farms Private Limited · Lalit Agro Farms Private Limited · Bhuvanesh Realtors Private Limited · Arnesh Ventures Private Limited · Suguna Estates Private Limited · AVSR Holdings Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
Rs.2/- each |
Rs.600.000 Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
256833810 |
Equity Shares |
Rs.2/- each |
Rs.513.670
Millions |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
256583810 |
Equity Shares |
Rs.2/- each |
Rs.513.170 Millions |
a. Reconciliation of the number of equity
shares and amount outstanding at beginning and at end of the year
|
Equity Shares |
Number
of Shares |
Rs. In Millions |
|
Shares outstanding at the beginning of the year |
256583810 |
513.170 |
|
Shares issued during the year |
-- |
-- |
|
Shares
outstanding at the end of the year |
256583810 |
513.170 |
b.
Details
of shares held by each shareholder holding more than 5% shares (excluding
shares represented by underlying Global Depositary Receipts (GDRs))
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Blackstone GPV Capital Partners Mauritius V-A Limited |
25399699 |
9.90 |
|
Warhol Limited |
25384700 |
9.89 |
|
A V S R Holdings Private Limited |
24608266 |
9.59 |
|
Government Pension Fund Global |
14147167 |
5.51 |
c. Details of unsubscribed equity shares
|
Equity Shares |
Number
of Shares |
Rs. In Millions |
|
|
|
|
|
Equity Shares of Rs. 2/- each |
250000 |
0.500 |
d. Unclaimed equity shares of 97265 (31.03.2013: 97265) are held in “NCC Limited - Unclaimed suspense account “in trust.
e.
Rights
of the share holders
a) The equity shares of the company having par value of Rs.2 per share, rank pari passu in all respects including voting rights (except GDRs) and entitlement to dividend. Repayment of the capital in the event of winding up of the Company will inter alia be subject to the provisions of Companies Act 2013, the Articles of Association of the Company and as may be determined by the Company in General Meeting prior to such winding up.
39700 (31.03.2013: 39700) equity shares represent the shares
underlying outstanding GDRs. Each GDR represent one underlying equity share
having par value of Rs.2. The GDRs, rank pari passu in all respects with the
equity shares issued by the Company, except in respect of voting rights.
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 |
513.170 |
513.170 |
513.170 |
|
(b) Reserves & Surplus |
24,689.560 |
24,167.170 |
23,597.450 |
|
(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) |
25,202.730 |
24,680.340 |
24,110.620 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
732.150 |
1,716.180 |
3,226.890 |
|
(b) Deferred tax liabilities (Net) |
124.860 |
231.210 |
254.720 |
|
(c) Other long term liabilities |
631.770 |
543.370 |
393.400 |
|
(d) long-term provisions |
197.410 |
176.530 |
181.920 |
|
Total Non-current Liabilities (3) |
1,686.190 |
2,667.290 |
4,056.930 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
22,327.170 |
18,842.600 |
17,330.550 |
|
(b) Trade payables |
15,389.670 |
13,989.990 |
12,424.170 |
|
(c) Other current
liabilities |
26,542.470 |
20,696.670 |
22,306.770 |
|
(d) Short-term provisions |
126.440 |
396.810 |
174.820 |
|
Total Current Liabilities (4) |
64,385.750 |
53,926.070 |
52,236.310 |
|
|
|
|
|
|
TOTAL |
91,274.670 |
81,273.700 |
80,403.860 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6,866.690 |
7,122.580 |
7,185.340 |
|
(ii) Intangible Assets |
49.650 |
62.810 |
73.330 |
|
(iii) Capital
work-in-progress |
103.620 |
61.240 |
351.470 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11,643.080 |
12,536.230 |
12,401.900 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2,564.460 |
3,205.290 |
3,855.340 |
|
(e) Other Non-current assets |
1,187.340 |
1,502.790 |
1,338.870 |
|
Total Non-Current Assets |
22,414.840 |
24,490.940 |
25,206.250 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.030 |
0.030 |
0.000 |
|
(b) Inventories |
15,987.500 |
14,263.530 |
12,335.250 |
|
(c) Trade receivables |
13,410.130 |
11,429.520 |
13,072.270 |
|
(d) Cash and cash
equivalents |
687.860 |
800.040 |
646.310 |
|
(e) Short-term loans and
advances |
28,174.770 |
21,126.480 |
21,388.370 |
|
(f) Other current assets |
10,599.540 |
9,163.160 |
7,755.410 |
|
Total Current Assets |
68,859.830 |
56,782.760 |
55,197.610 |
|
|
|
|
|
|
TOTAL |
91,274.670 |
81,273.700 |
80,403.860 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
61,173.020 |
57,249.180 |
52,504.700 |
|
|
|
Other Income |
1,535.300 |
1,258.890 |
1,205.720 |
|
|
|
TOTAL (A) |
62,708.320 |
58,508.070 |
53,710.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
28,682.830 |
22,794.360 |
22,007.370 |
|
|
|
Construction Expenses |
26,649.390 |
27,431.070 |
24,632.550 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2,593.640) |
(1,997.060) |
(2,400.010) |
|
|
|
Employees benefits expense |
2,403.920 |
2,426.980 |
2,401.870 |
|
|
|
Other expenses |
1,981.940 |
1,884.900 |
1,869.640 |
|
|
|
TOTAL (B) |
57,124.440 |
52,540.250 |
48,511.420 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5,583.880 |
5,967.820 |
5,199.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4,659.850 |
4,070.380 |
3,839.990 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
924.030 |
1,897.440 |
1,359.010 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
895.130 |
920.220 |
829.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
28.900 |
977.220 |
529.180 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(376.250) |
350.560 |
169.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
405.150 |
626.660 |
359.820 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3,136.170 |
2,749.560 |
2,719.200 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend at Rs.0.30
per share (15%) |
51.320 |
76.970 |
76.970 |
|
|
|
Dividend tax on Proposed
dividend |
8.720 |
13.080 |
12.490 |
|
|
|
Transfer to General Reserve |
150.000 |
150.000 |
50.000 |
|
|
|
Transfer to Debenture
Redemption Reserve |
0.000 |
0.000 |
190.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3,331.280 |
3,136.170 |
2,749.560 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Material Purchases |
286.180 |
89.220 |
41.820 |
|
|
|
Capital Goods |
73.430 |
191.720 |
66.490 |
|
|
TOTAL IMPORTS |
359.610 |
280.940 |
108.310 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.58 |
2.44 |
1.40 |
|
QUARTERLY /
SUMMARISED RESULTS
|
Particulars (Rs.
Millions) |
|
|
|
Jun 2014 |
|
Audited / UnAudited |
|
|
|
UnAudited |
|
Net Sales |
|
|
|
14895.800 |
|
Total Expenditure |
|
|
|
13806.000 |
|
PBIDT (Excl OI) |
|
|
|
1089.800 |
|
Other Income |
|
|
|
456.600 |
|
Operating Profit |
|
|
|
1546.400 |
|
Interest |
|
|
|
1376.800 |
|
Exceptional Items |
|
|
|
0.000 |
|
PBDT |
|
|
|
169.600 |
|
Depreciation |
|
|
|
284.300 |
|
Profit Before Tax |
|
|
|
(114.700) |
|
Tax |
|
|
|
(84.400) |
|
Provisions and contingencies |
|
|
|
0.000 |
|
Profit After Tax |
|
|
|
(30.300) |
|
Extraordinary Items |
|
|
|
0.000 |
|
Prior Period Expenses |
|
|
|
0.000 |
|
Other Adjustments |
|
|
|
0.000 |
|
Net Profit |
|
|
|
(30.300) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.65 |
1.07 |
0.67 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.05 |
1.71 |
1.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.04 |
1.42 |
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
0.83 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.05 |
1.06 |
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 |
513.170 |
513.170 |
513.170 |
|
Reserves & Surplus |
23597.450 |
24167.170 |
24689.560 |
|
Net
worth |
24110.620 |
24680.340 |
25202.730 |
|
|
|
|
|
|
long-term borrowings |
3226.890 |
1716.180 |
732.150 |
|
Short term borrowings |
17330.550 |
18842.600 |
22327.170 |
|
Total
borrowings |
20557.440 |
20558.780 |
23059.320 |
|
Debt/Equity
ratio |
0.853 |
0.833 |
0.915 |
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 |
|
Sales |
52,504.700 |
57,249.180 |
61,173.020 |
|
|
|
9.036 |
6.854 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
52,504.700 |
57,249.180 |
61,173.020 |
|
Profit |
359.820 |
626.660 |
405.150 |
|
|
0.69% |
1.09% |
0.66% |
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 |
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 |
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 |
LITIGATION
DETAILS:
|
CASE STATUS INFORMATION
|
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Millions |
31.03.2014 Rs.
In Millions |
|
LONG TERM
BORROWINGS |
|
|
|
9.50% Redeemable, Non-convertible Debentures |
500.000 |
1000.00 |
|
SHORT TERM
BORROWINGS |
|
|
|
Term Loans |
|
|
|
From Banks |
1438.070 |
3868.070 |
|
From Others |
300.000 |
0.000 |
|
Total |
2238.070 |
4868.070 |
Notes:
SHORT TERM
BORROWINGS
Unsecured - term loans from Banks:
a)
Includes an amount of Rs.948.07 million
(31.03.2013: Rs.1128.070 million) availed from Standard Chartered Bank under
retention money discounting facility.
b) The company
availed short term loans from various banks having a maturity of less than one
year and carry interest rate ranging between 12.50% to 13.05% per annum.
Unsecured - term loans from others: having a maturity of less than one
year and carry interest rate of 12.00 % per annum
OPERATIONAL
PERFORMANCE
The Company posted a turnover of Rs.61173.020 million for the year ended 31st March, 2014 as against Rs.57249.180 million in 2012-13. Gross Profit decreased from Rs.5967.820 million in 2012-2013 to Rs.5583.880 million in 2013-14. After deducting interest of Rs.4659.850 million, providing a sum of Rs.895.130 million towards depreciation and Rs.(376.250) million for income tax, the operations resulted in a net profit of Rs.405.150 Million as against Rs.626.660 million in 2012 -13.
MACRO ECONOMIC
REVIEW
The Indian economy had been suffering from lower growth and various structural weaknesses as it entered 2013-14 and these continued throughout the fiscal year Real GDP growth for 2013-14 is estimated to be 4.9% with industrial growth slipping to a paltry 0.7%.
Such a significant and sustained slowdown in growth over the last ten quarters has contributed to low business confidence which, in turn, has put a dampener on private sector investment in infrastructure projects. Moreover, the economy has been under serious fiscal pressure. The Government of India (GoI) logged an average fiscal deficit of 5.6% of GDP in the last five years (2008-09 to 2012-13), which was significantly higher than the 3.6% during previous five years (2003-04 to 2007-08). Revised estimates suggest that the fiscal deficit for 2013-14 will be at around 4.6% of GDP. The stressed exchequer of the GoI has prevented government backed investment impetus to infrastructure.
Incremental Gross Fixed Capital Formation (GFCF) at market price, an indication of real capital investment in fixed assets that augments the future productive capacity of any economy, has also reduced to a mere 0.2% in 2013-14 in this backdrop, construction output has almost stagnated .
Construction growth, which had already reduced to 1.1% in 2012-13, stayed at low levels of 1.7% in 2013-14. By the end of 2013-14, there have been some positive signals, although it is probably too early to make a call as to whether the nation is definitely getting back to a higher growth path. For one, headline producer price inflation in terms of the Wholesale Price Index (WPI) moderated to 5.9% in March 2014. While Consumer Price Index (CPI) inflation reduced to a 25-month low, posting at 8.1% in February, 2013, it still remained high by any long term yardstick. For another, driven mainly by a reduction in imports. India’s trade deficit reduced by 29% to US$180 billion in April2013-February 2014 compared to the corresponding period in the previous year. Consequently, the current account deficit as a ratio to GDP has narrowed significantly. In addition, since September 2013 there has been a surge in foreign capital inflows into India, and India’s foreign exchange reserves reached US$313 billion by the end of May 2014, which was an accretion of US$23.1 billion over end August 2013.
However, one needs to be careful. Even if it is the case that the business cycle has bottomed out, it is equally true that the upswing will be gradual, especially in infrastructure.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2014
(Rs. In Millions)
|
Particulars |
Quarter Ended ( Unaudited) |
|
|
30.06.2014 |
|
Income from Operations |
|
|
Net Sales/Income from Operations |
14895.770 |
|
Other Operating Income |
0.000 |
|
Total Income from
operations (net) |
14895.770 |
|
|
|
|
Expenses |
|
|
(a) Cost of material consumed |
6594.460 |
|
(b) Increase/ (Decrease) in stock-in-trade and
work-in-progress |
(250.790) |
|
(c) Construction expenses |
1416.840 |
|
(d) Job work charges |
1257.760 |
|
(e) Sub-contractor work hills |
3643.790 |
|
(f) Employee benefit expenses |
605.520 |
|
(g) Depreciation and amortation expenses |
284.300 |
|
(h) Other Expenses |
534.430 |
|
Total Expenses |
14086.310 |
|
Profit from Operations
before Other Income, Finance costs and Exceptional item |
809.460 |
|
Other Income |
456.620 |
|
Profit/ Loss from
Ordinary Activities before Finance costs and Exceptional item |
1262.080 |
|
Finance costs |
1376.770 |
|
Profit/ Loss from
Ordinary Activities after Finance costs but Exceptional item |
(114.690) |
|
Exceptional
item |
0.000 |
|
Profit/ Loss from Ordinary Activities
before tax |
(114.690) |
|
Tax Expenses |
(84.370) |
|
Net Profit/ Loss from Ordinary Activities
after tax |
(30.320) |
|
Extraordinary
Items |
0.000 |
|
Net Profit for the period |
(30.320) |
|
Share of Profit/ (Loss) from Associate
Companies |
-- |
|
Minority Interest |
-- |
|
Net Profit after taxes, minority interest
and share of profit/ (loss) of associates |
(30.320) |
|
Paid- up
Equity Share Capital (Face value of the share – Rs. 10) |
513.168 |
|
Paid- up Debt
Equity |
|
|
Reserves
excluding revaluation reserves as per balance sheet of Previous Accounting
Year |
|
|
Debenture
Redemption reserve |
|
|
Earnings per
share (before extraordinary items) (of Rs. 10/- each) (not annualized) - Basic and
Diluted |
(1.12) |
|
|
|
|
PARTICULARS OF SHAREHOLDING |
|
|
1. Public
shareholding |
|
|
Number of
Shares |
208103360 |
|
Percentage of Shareholding |
81.11% |
|
2. Promoters
and promoter group shareholding |
|
|
a)
Pledged/Encumbered |
|
|
- Number of Shares |
21495926 |
|
- Percentage of Shares (as a % of the Total Shareholding
of promoter and promoter group) |
44.36% |
|
- Percentage of Shares (as a % of the Total Share Capital
of the Company) |
8.26% |
|
|
|
|
Non - encumbered |
|
|
- Number of
Shares |
26965824 |
|
- Percentage
of Shares (as a % of the total shareholding of promoter and promoter group) |
55.64% |
|
- Percentage
of Shares (as a % of the total share capital of the company) |
10.50% |
|
|
|
|
Investor
complaints |
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
13 |
|
Disposed of during the quarter |
13 |
|
Remaining unresolved at the end of the quarter |
Nil |
Notes:
i. The above results have been reviewed by the Audit Committee at its meeting held on 12th August 2014 and approved by the Board of Directors of the Company at its meeting held on 13th August 2014.
ii. The Statutory Auditors have carried out limited review of the above results
iii. The Company's operations consist of Construction / Project activities and there are no other reportable segments under Accounting Standard 17.
iv. The Company has adopted the useful lives of fixed assets as specified in Part C of Schedule II of the Companies Act, 2013 effective April 1, 2014. Consequently the depreciation and amortization expenses for the quarter ended 30th June, 2014 is higher by Rs.58.690 Millions and Rs.128.550 Millions in standalone and consolidated results respectively. The depreciation on carrying value of the assets whose useful lives expired as at 1st April, 2014 aggregating to Rs.80.400 Millions and Rs.104.470 Millions in standalone and consolidated accounts respectively have been adjusted against the reserves (net of deferred tax).
v. The Consolidated Financial Results include results of all the Subsidiaries, Associates and Joint Ventures of NCC Limited and are prepared in accordance with AS-21 - "Consolidated Financial Statements", AS-23 - "Accounting for Investments in associates in Consolidated Financial Statements" and AS-27 - "Financial Reporting of Interests in Joint Ventures" The Company has submitted the Draft Letter of Offer to the Securities Exchange Board of India (SEBI) on 30th June, 2014 for raising funds up to Rs.6000.000 Millions through Rights Issue of equity shares to the existing members of the Company and is awaiting for the requisite approvals.
vi. Figures for the quarter ended 31st March, 2014 are the balancing figures between the audited figures in respect of the full financial year ended 31st March, 2014 and the published figures for the nine months ended 31st December, 2013
vii. Figures have been regrouped to facilitate comparison wherever necessary.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10518102 |
16/08/2014 |
6,277,800.00 |
SREI EQUIPMENT FINANCE LIMITED |
'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India |
C19219872 |
|
2 |
10518960 |
31/07/2014 |
500,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
5-2-176, Rashtrapathi Road, Secunderabad, Hyderabad, Telangana - 500003, India |
C19850858 |
|
3 |
10519199 |
24/07/2014 |
500,000,000.00 |
Andhra Bank |
Somajiguda Branch, 6-3-352/2, Uppe Ground Floor, Astral Heights, Road No.1, Banjara Hills, Hyderabad, Telangana - 500034, INDIA |
C19990803 |
|
4 |
10519539 |
23/07/2014 |
1,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, Maker Tower, 'E', Cuffe Parade,, Colaba,, Mumbai, Maharashtra - 400005, India |
C20269684 |
|
5 |
10513047 |
12/06/2014 |
490,000,000.00 |
DBS Bank Ltd |
Salarpuria Windsor, 3 Ulsoor Road, Bangalore, Karnataka - 560042, India |
C15133184 |
|
6 |
10503072 |
23/05/2014 |
9,590,000,000.00 |
Syndicate Bank |
8-2-577, Road No.7, Banjara Hills Branch, Hyderabad, Andhra Pradesh - 500034, India |
C06652002 |
|
7 |
10491396 |
25/04/2014 * |
500,000,000.00 |
LAKSHMI VILAS BANK LIMITED |
2b&2c Aditya Trade Centre, Ameerpet Branch, Hyderabad, Telangana - 500016, India |
C05393657 |
|
8 |
10481985 |
09/04/2014 * |
530,000,000.00 |
State Bank of India |
CAG Branch, "Ozone, 2nd Floor, Punjagutta Main Road, Hyderabad, Andhra Pradesh - 500082, India |
C03979747 |
|
9 |
10479108 |
31/01/2014 |
30,909,857.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V.
B. Gandhi Marg, Fort, Mumbai, |
B97005276 |
|
10 |
10472445 |
31/12/2013 |
5,484,297.00 |
Tata Capital Financial Services Limited |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B94335239 |
|
11 |
10472447 |
30/12/2013 |
1,447,778.00 |
Tata Capital Financial Services Limited |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B94335536 |
|
12 |
10471761 |
23/12/2013 |
600,000,000.00 |
Vijaya Bank |
Somajiguda Branch, Opp. C E Office Pwd, Erramanzil, Hyderabad, Andhra Pradesh - 500082, India |
B94087517 |
|
13 |
10464214 |
13/11/2013 |
3,094,394.00 |
Tata Capital Financial Services Limited |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B91133918 |
|
14 |
10464209 |
12/11/2013 |
3,094,394.00 |
Tata Capital Financial Services Limited |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B91133280 |
|
15 |
10456485 |
01/10/2013 |
9,282,600.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86c, Topsia Road, Kolkata, West Bengal - 700046, India |
B88126271 |
|
16 |
10447361 |
13/08/2013 |
1,000,000,000.00 |
Syndicate Bank |
8-2-577, Road No.7, Banjara Hills, Hyderabad, Andhra Pradesh - 500034, India |
B84200682 |
|
17 |
10437207 |
19/06/2013 |
500,000,000.00 |
ING VYSYA BANK LIMITED |
1-7-1, T.Subbarami Reddy Complex, Sardar Patel Road,, Secunderabad, Andhra Pradesh - 500003, India |
B79765210 |
|
18 |
10430633 |
22/05/2013 |
55,600,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, Pandurang Budhkar Marg,, Worli, Mumbai, Maharashtra - 400018, India |
B76919554 |
|
19 |
10428454 |
22/05/2013 |
94,972,500.00 |
SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED |
Mookambika Complex,
3rd Floor, No.4. Lady Desika |
B75996744 |
|
20 |
10428605 |
03/04/2013 |
4,936,340.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India |
B76037787 |
|
21 |
10428570 |
03/04/2013 |
30,000,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India |
B76038603 |
|
22 |
10425537 |
22/03/2013 |
16,600,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India |
B75074245 |
|
23 |
10395431 |
27/12/2012 |
1,500,000,000.00 |
Syndicate Bank |
8-2-577, Road No.7, Banjara Hills, Hyderabad, Andhra Pradesh - 500082, India |
B65306037 |
|
24 |
10399551 |
11/12/2012 |
1,625,000.00 |
HDFC Bank Limited |
Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B66349184 |
|
25 |
10378953 |
04/10/2012 |
80,944,000.00 |
L & T FINANCE LIMITED |
L&T House,, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
B59058560 |
|
26 |
10385770 |
22/09/2012 |
808,500,000.00 |
The Royal Bank of Scotland N. V. |
Ground &1st Floor, Stamford Park, Road No.2, Banjara Hills, Hyderabad, Andhra Pradesh - 500031, India |
B61844148 |
|
27 |
10377011 |
30/11/2012 * |
1,000,000,000.00 |
Vijaya Bank |
Somajiguda Branch,
Opp.C E Office PWD,Yerramanzil |
B64760903 |
|
28 |
10374396 |
04/09/2012 |
4,990,000.00 |
L & T FINANCE LIMITED |
L&T House,,
Ballard Estate,, Mumbai, Maharashtra |
B57232647 |
|
29 |
10373433 |
16/08/2012 |
1,206,000.00 |
HDFC Bank Limited |
Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B56773930 |
|
30 |
10369344 |
07/08/2012 |
57,600,000.00 |
L & T FINANCE LIMITED |
L&T House,,
Ballard Estate,, Mumbai, Maharashtra |
B45213741 |
|
31 |
10370419 |
23/07/2012 |
1,000,000,000.00 |
Syndicate Bank |
8-2-577,Road No.7, Banjara Hills, Hyderabad, Andhra Pradesh - 500082, India |
B45635711 |
|
32 |
10359616 |
05/06/2012 |
11,935,780.00 |
HDFC Bank Limited |
Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B41208778 |
|
33 |
10357833 |
23/05/2012 |
39,841,925.00 |
HDFC Bank Limited |
Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B40492639 |
|
34 |
10348804 |
29/03/2012 |
54,438,750.00 |
Axis Bank Limited |
Asc Centre,
5-2-183/184, 3rd Floor, Rp Road, Secu |
B37311586 |
|
35 |
10340805 |
01/02/2012 |
32,243,879.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India |
B34424473 |
|
36 |
10329701 |
28/12/2011 |
1,500,000,000.00 |
IDBI Bank Limited |
Idbi Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
B29868445 |
|
37 |
10298144 |
29/06/2011 |
184,000,000.00 |
Export-Import Bank Of India |
88/90, Temple
Chambers, Ground Floor,, 3-7 Temple |
B17190075 |
|
38 |
10290026 |
26/05/2011 |
40,000,000.00 |
Kotak Mahindra Bank Limited |
36-38a, Nariman Bhavan, 227,D,, Nariman Point,, Mumbai, Maharashtra - 400021, India |
B14217202 |
|
39 |
10282595 |
30/03/2011 |
235,000,000.00 |
export-import bank of india |
Centre One
Building, Floor 21, World Trade Centre |
B11518990 |
|
40 |
10274037 |
09/03/2011 |
1,740,000,000.00 |
State Bank of India |
Corporate Accounts Group Branch-13039, "Ozone", 2nd Floor #6-3-669, Punjagutta Main Road, Hyderabad Andhra Pradesh - 500082, INDIA |
B08438749 |
|
31 |
10370419 |
23/07/2012 |
1,000,000,000.00 |
Syndicate Bank |
8-2-577,Road No.7, Banjara Hills, Hyderabad, Andhra Pradesh - 500082, India |
B45635711 |
|
41 |
10273468 |
29/10/2010 |
2,000,000,000.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground
Floor, 17, R.Kamani Marg,, Ba |
A98241425 |
|
42 |
10329784 |
30/09/2010 |
750,000,000.00 |
Indusind Bank Limited |
2401 Gen Thimmayya Road, Contonment, Pune, Maharashtra - 411001, India |
B26692640 |
|
43 |
10175965 |
12/10/2009 * |
1,000,000,000.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
A71730410 |
|
44 |
10154137 |
06/12/2012 * |
1,000,000,000.00 |
IDBI Trusteeship Services Limited |
Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate,, Mumbai, Maharashtra - 400001, India |
B63927586 |
|
45 |
10151574 |
11/03/2009 |
1,170,000,000.00 |
Canara Bank |
Prime Corporate
Branch, T S R Complex, S P Road, |
A59930297 |
|
46 |
10015614 |
30/06/2006 |
2,630,000,000.00 |
Standard Chartered Bank |
6-3-1090, Rajbhavan
Road, Somajiguda, Hyderabad, |
A02534915 |
|
47 |
80017523 |
12/09/2005 |
1,000,000,000.00 |
CANARA BANK |
Ifb, Chakrapani
Estate, 5-10-194, Opp Police Cont |
- |
|
48 |
80017370 |
02/08/2005 |
1,000,000,000.00 |
State Bank Of India |
Bank Street, Koti, Hyderabad, Andhra Pradesh - 500001, India |
- |
|
49 |
90259136 |
12/07/2005 |
37,000,000.00 |
Andhra Pradesh Industrial Development Corp. Ltd; |
Parisram Bhavanam,
Basheerbagh, Hyderabad, Andhra |
- |
|
50 |
90259131 |
30/06/2005 |
1,000,000,000.00 |
Andhra Bank |
Dr. Pattabhi Bhavan, Saifabad, Hyderabad, Andhra Pradesh, India |
- |
|
51 |
90259124 |
06/06/2005 |
750,000,000.00 |
State Bank Of Hyderabad |
Funfoudry, Koti, Hyderabad, Andhra Pradesh, India |
- |
|
52 |
80044918 |
03/12/2004 |
2,500,000,000.00 |
ICIC Bank Limited |
Icici Bank Towers, Begumpet, Hyderabad, Andhra Pradesh - 500016, India |
- |
|
53 |
90262484 |
28/06/2004 |
100,000,000.00 |
ICICI BANK LIMITED |
Icici Tower, Begumpet, Hyderabad, Andhra Pradesh, India |
- |
|
54 |
90258988 |
07/06/2004 * |
120,000,000.00 |
IDBI Bank Limited |
Mahavir House, Basheerbagh Square, Hyderabad, Andhra Pradesh, India |
- |
|
55 |
90258969 |
26/03/2004 |
50,000,000.00 |
Indusind Bank Limited |
Secunderabad Branch, Secunderabad, Andhra Pradesh, India |
- |
|
56 |
90262392 |
26/12/2003 |
1,000,000,000.00 |
Andhra Bank |
Dr. Pattabhi Bhavan, Saifabad, Hyderabad, Maharashtra, India |
- |
|
57 |
90258930 |
08/12/2003 |
500,000,000.00 |
Syndicate Bank |
Banjara Hills Branch, Hyderabad, Andhra Pradesh, India |
- |
|
58 |
90258914 |
25/10/2003 |
911,400,000.00 |
Andhra Bank |
Dr. Pattabhi Bhavan, Saifabad, Hyderabad, Maharashtra, India |
- |
|
59 |
90258904 |
22/09/2003 |
270,000,000.00 |
State Bank Of Hyderabad |
Funfactory, Hyderabad, Andhra Pradesh, India |
- |
|
60 |
90258902 |
16/09/2003 |
120,000,000.00 |
IDBI Bank Limited |
Mahavir House, Basheerbagh Square, Hyderabad, Andhra Pradesh, India |
- |
FIXED ASSETS:
·
Land – Freehold
·
Buildings Own
·
Given under operating lease
·
Plant and Equipment
·
Furniture and Fixtures
·
Construction Vehicles
·
Office Vehicles
·
Office Equipment
·
Lease Hold Improvements
·
Construction Accessories
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 judgment 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.61.03 |
|
|
1 |
Rs.99.99 |
|
Euro |
1 |
Rs.78.37 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
20 |
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.