IRA INFORM REPORT
|
Report No. : |
318061 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESSAR POWER LIMITED |
|
|
|
|
Registered
Office : |
27th KM, Surat Hazira Road, Hazira, Surat - 394270, Gujarat
|
|
Tel. No.: |
91-261-2872400 / 6682055 / 6682400 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.10.1991 |
|
|
|
|
Com. Reg. No.: |
04-064824 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 55574.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100GJ1991PLC064824 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTE00047F |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Generaters and Suppliers of
Gas, Coal and Liquid Fuel Based Power. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is a subsidiary of “ESSAR POWER HOLDINGS LIMITED,
(Mauritius)”. It is an established company having satisfactory track record. The company has incurred loss from its operational activities during
2014. However, company being as part of Essar group of companies the company
receives good financial and managerial backed by it resourceful and
experience group promoters. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. In view of being a part of Essar group of companies, the company 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB [Suspended] |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
16.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 [Suspended] |
|
Rating Explanation |
Moderate degree of safety and high credit
risk |
|
Date |
16.02.2015 |
Reason for suspension : Absence of requisite
information.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management Non-Cooperative (Tel No.: 91-22-66601100)
LOCATIONS
|
Registered Office/ Factory: |
27th KM, Surat Hazira Road, Hazira, Surat - 394270,
Gujarat, India |
|
Tel. No.: |
91-261-2872400 / 6682055 / 6682400 |
|
Fax No.: |
91-261-2872747 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
10000 Sq. Ft |
|
Location: |
Owned |
|
|
|
|
Corporate Office/ Head Office : |
11, Kesavarao Khadye Marg, Mahalaxmi Essar House, 14th
Floor, Mumbai – 400034, Maharashtra, India |
|
Tel. No.: |
91-22-24395066/ 66601100/ 24950606/ 40011100 |
|
Fax No.: |
91-22-24954331/ 24954787/ 66604787/ 23544787 |
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E-Mail : |
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Area : |
Owned |
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|
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Branch Office : |
Located at:
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Overseas Office:
|
Located at:
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Kalakota Vijaya Bhaskara Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
3702-C Lodha Bellissimo Apollo Compound, N M Joshi Marg, Mahalaxmi, Mumbai - 400 011, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1961 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
01683467 |
|
|
|
|
Name : |
Mr. Manmohan Agrawal |
|
Designation : |
Director |
|
Address : |
Flat No. 1205, Tower I “C” Wing, Ashoka Garden, Next to Dosti Flamingo, Sewree, Mumbai - 400015, Maharashtra, India |
|
Date of Birth/Age : |
04.08.1950 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00681433 |
|
|
|
|
Name : |
Mr. Joy Kumar Jain |
|
Designation : |
Director |
|
Address : |
12 Moulsari Avenue, Dlf City, Phase 3, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
15.07.1964 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06406359 |
|
Name : |
Sushil Kumar Maroo |
|
Designation : |
Managing Director and Chief Executive Officer |
|
Address : |
F-1/2, Vasant Vihar, Near Gurdwara, New Delhi - 110057, India |
|
Date of Birth/Age : |
05.07.1961 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00054101 |
|
|
|
|
Name : |
Deepak Krishna Gopal Maheshwari |
|
Designation : |
director |
|
Address : |
16034, Chaitanya Towers, Prabhadevi, Mumbai - 400025, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1969 |
|
Date of Appointment : |
23.09.2014 |
|
Date of cessation : |
15.11.2014 |
|
DIN No.: |
01724301 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjyot Nilesh Rangnekar |
|
Designation : |
Secretary |
|
Address : |
B 202 Rustomjee Astraea, Near Lodha Paradise, Majiwada, Thane - 400601, Maharashtra, India |
|
Date of Birth/Age : |
06.07.1970 |
|
Date of Appointment : |
19.05.2007 |
|
PAN No.: |
AANPR5686C |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Essar Power Holdings Limited, Mauritius |
|
311592112 |
|
Essar Power Hazira Holdings Limited, India |
|
311592113 |
|
Essar Steel India Limited, India
|
|
219000000 |
|
Imperial Consultants and Securities Private
Limited, India |
|
3 |
|
Imperial Consultants and Securities Private Limited Jointly With Shri
N B Was |
|
1 |
|
Imperial Consultants and Securities Private Limited Jointly With Shri
Anirudh Bohra |
|
2 |
|
Imperial Consultants and Securities Private Limited Jointly With Shri Suresh
Sundaram |
|
1 |
|
|
|
0 |
|
Total |
|
842184232 |
|
Names of Preference Shareholders 1 |
|
No. of Shares |
|
Essar Power Holdings Limited, Mauritius |
|
1220411556 |
|
Essar Power Hazira Holdings Limited, India |
|
1217749003 |
|
Total |
|
2438160559 |
|
Names of Preference Shareholders 2 |
|
No. of Shares |
|
Imperial Consultants and Securities Private
Limited, India |
|
512500000 |
|
IDFC Trustee Company Limited A/C India Infrastructure Fund,
India |
|
350000000 |
|
Total |
|
862500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
74.00 |
|
Bodies corporate |
26.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Generaters and Suppliers of
Gas, Coal and Liquid Fuel Based Power. |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
Yes Bank Limited, Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai - 400018, Maharashtra, India Dena Bank, Industrial Finance Branch, Maxer Towers , Cuffe Parade, Mumbai - 400005, Maharashtra, India Bank of India, Mahalaxmi Branch, Mahalaxmi, Mumbai - 400034, Maharashtra, India Indian Overseas Bank, Bakhtawar Building,Nariman Point, Mumbai - 400021, Maharashtra, India ICICI Limited, C-23, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India Canara Bank, Mittal Tower, Nariman Point, Mumbai - 400021, Maharashtra, India Jammu And Kashmir Bank Limited, (Corporate Headquarters), M.A. Road, Srinagar, Kashmir, Jammu And Kashmir - 190001, India Axis Bank Limited, Universal Insurance Building, Sir P M Road, Fort, Mumbai - 400001, Maharashtra, India HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India Union Bank of India, Nariman Point, Mumbai - 400021, Maharashtra, India State Bank of India, Corporate Accounts Group Branch, Voltas House, 23 J N Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Financial
Institution: |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India Infrastructure Development Finance Company Limited, Ramon House, Mumbai - 400020, Maharashtra, India IDBI Trusteeship Services Limited |
|
|
|
|
Auditors : |
|
|
Name : |
M. M. Chaturvedi and Company Chartered Accountants |
|
Address : |
24, Atlanta, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22824220 / 22835128 |
|
Fax No.: |
91-22-22872329 |
|
Email : |
|
|
PAN No.: |
AAAFM1506D |
|
|
|
|
Holding Company : |
Essar Power Holdings Limited (Mauritius) |
|
|
|
|
Subsidiaries : |
CIN No.: U31101GJ1995PLC065146
CIN No.: U40100GJ1997PLC033108
CIN No.: U40100DL2005PLC201961
CIN No.: U74900GJ2007PLC066273
CIN No.: U31101DL2005PLC211274
CIN No.: U99999DL2005PLC208864
CIN No.: U31101DL2005PLC208862
CIN No.: U40300GJ2006PLC063146
CIN No.: U40300GJ2009PLC062729
CIN No.: U40100MH1997PLC110104
CIN No.: U40109DL2005PTC231302
CIN No.: U40109GJ2011PLC063806
|
|
|
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Joint Ventures : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000,000 |
Equity Shares |
Rs.4/- each |
Rs.100000.000 Million |
|
4750,000,000 |
Preference Shares 1 |
Rs.20/- each |
Rs.95000.000 Million |
|
500,000,000 |
Preference Shares 2 |
Rs.10/- each |
Rs.5000.000 Million |
|
|
Total |
|
Rs.200000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
842,184,232 |
Equity Shares |
Rs.4/- each |
Rs.3368.737 Million |
|
2,438,160,559 |
0.01% Compulsorily Convertible Preference Shares |
Rs.20/- each |
Rs.48763.211 Million |
|
350,000,000 |
Preference Shares 1 |
Rs.10/- each |
Rs.3500.000 Million |
|
512,500,000 |
Preference Shares 2 |
Rs.20/- each |
Rs.10250.000 Million |
|
|
Total |
|
Rs.65881.948
Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000000 |
Equity Shares |
Rs.4/- each |
Rs.100000.000 Million |
|
4750000000 |
Preference Shares 1 |
Rs.20/- each |
Rs.95000.000 Million |
|
500000000 |
Preference Shares 2 |
Rs.10/- each |
Rs.5000.000 Million |
|
|
Total |
|
Rs.200000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
842184232 |
Equity Shares |
Rs.4/- each |
Rs.3368.700 Million |
|
2435280799 |
Preference Shares 1 |
Rs.20/- each |
Rs.48705.600 Million |
|
350000000 |
Preference Shares 2 |
Rs.10/- each |
Rs.3500.000 Million |
|
|
Total |
|
Rs.55574.300
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
55574.300 |
53990.800 |
52956.100 |
|
(b) Reserves & Surplus |
28420.600 |
28194.700 |
27709.900 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
86.400 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
84081.300 |
82185.500 |
80666.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33313.300 |
4315.000 |
4400.000 |
|
(b) Deferred tax liabilities (Net) |
1085.000 |
1491.700 |
1804.500 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
24.900 |
30.500 |
45.200 |
|
Total Non-current
Liabilities (3) |
34423.200 |
5837.200 |
6249.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
28402.400 |
8347.200 |
1303.100 |
|
(b) Trade
payables |
234.400 |
465.100 |
634.200 |
|
(c) Other
current liabilities |
3122.800 |
3018.200 |
990.900 |
|
(d) Short-term
provisions |
1094.200 |
1146.100 |
453.000 |
|
Total Current
Liabilities (4) |
32853.800 |
12976.600 |
3381.200 |
|
|
|
|
|
|
TOTAL |
151358.300 |
100999.300 |
90,296.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3752.100 |
5041.800 |
6346.500 |
|
(ii)
Intangible Assets |
0.200 |
0.600 |
0.900 |
|
(iii)
Capital work-in-progress |
82.3000 |
177.800 |
199.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
79818.800 |
74188.200 |
69385.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
33233.200 |
1825.400 |
1658.700 |
|
(e) Other
Non-current assets |
1361.200 |
87.100 |
47.300 |
|
Total Non-Current
Assets |
118247.800 |
81320.900 |
77638.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6850.000 |
57.200 |
62.000 |
|
(b)
Inventories |
900.600 |
851.600 |
813.400 |
|
(c) Trade
receivables |
13146.500 |
13946.900 |
11309.800 |
|
(d) Cash
and cash equivalents |
807.900 |
108.000 |
136.900 |
|
(e)
Short-term loans and advances |
10103.100 |
4448.000 |
331.300 |
|
(f) Other
current assets |
1302.400 |
266.700 |
5.200 |
|
Total
Current Assets |
33110.500 |
19678.400 |
12658.600 |
|
|
|
|
|
|
TOTAL |
151358.300 |
100999.300 |
90296.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3437.000 |
5310.400 |
7503.000 |
|
|
|
Other Income |
3246.400 |
323.000 |
365.900 |
|
|
|
TOTAL (A) |
6683.400 |
5633.400 |
7868.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Fuel |
0.000 |
1802.700 |
3530.500 |
|
|
|
Expenditure for Construction Contract |
38.500 |
14.600 |
9.700 |
|
|
|
Employees Benefits Expenses |
295.000 |
306.800 |
329.900 |
|
|
|
Other expenses |
208.700 |
375.300 |
516.100 |
|
|
|
TOTAL (B) |
542.200 |
2499.400 |
4386.200 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6141.200 |
3134.000 |
3482.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5194.400 |
1389.000 |
1078.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
946.800 |
1745.000 |
2404.100 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1292.700 |
1292.300 |
1288.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(345.900) |
452.700 |
1115.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(89.700) |
159.900 |
(164.400) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(256.200) |
292.800 |
1279.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
28.100 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.70) |
(0.05) |
1.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(7.45) |
5.51 |
17.06 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
178.68 |
59.02 |
46.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.48) |
1.70 |
5.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.15 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
1.52 |
3.74 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
52956.100 |
53990.800 |
55574.300 |
|
Reserves & Surplus |
27709.900 |
28194.700 |
28420.600 |
|
Net worth |
80666.000 |
82185.500 |
83994.900 |
|
|
|
|
|
|
long-term borrowings |
4400.000 |
4315.000 |
33313.300 |
|
Short term borrowings |
1303.100 |
8347.200 |
28402.400 |
|
Total borrowings |
5703.100 |
12662.200 |
61715.700 |
|
Debt/Equity ratio |
0.071 |
0.154 |
0.735 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales
|
7503.000 |
5310.400 |
3437.000 |
|
|
|
(29.223) |
(35.278) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
7503.000 |
5310.400 |
3437.000 |
|
Profit/ Loss |
1279.800 |
292.800 |
(256.200) |
|
|
17.06% |
5.51% |
(7.45%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM BORROWINGS DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term borrowings |
890.300 |
2185.000 |
NA
|
|
|
|
|
|
|
Total |
890.300 |
2185.000 |
NA
|
|
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 |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note :
The registered office of the company has been shifted from Essar House, 11-Keshavrao Khade Marg, Mahalaxmi, Mumbai – 400034, Maharashtra, India to the present address w.e.f. 08.03.2011.
LITIGATION DETAILS
Certified Copy
|
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INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10559613 |
31/03/2015 |
570,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BA |
C49302086 |
|
2 |
10559157 |
27/03/2015 |
1,140,000,000.00 |
IDFC LIMITED |
KRM TOWER, 8TH FLOOR,, NO. 1, HARRINGTON ROAD, CH |
C49116395 |
|
3 |
10547457 |
23/12/2014 |
1,573,800,000.00 |
IDFC LIMITED |
KRM TOWER, 8TH FLOOR,, NO. 1, HARRINGTON ROAD, CH |
C42692277 |
|
4 |
10531547 |
28/10/2014 |
9,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BA |
C33763210 |
|
5 |
10559637 |
26/09/2014 |
850,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BA |
C49313174 |
|
6 |
10521278 |
24/09/2014 |
57,040,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17 R KAMANI MARG,, |
C21812128 |
|
7 |
10520498 |
05/08/2014 |
44,650,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17 R KAMANI MARG,, |
C21094842 |
|
8 |
10462205 |
28/09/2013 |
7,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B87415113 |
|
9 |
10460222 |
28/09/2013 |
4,750,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,, DR. |
B89546790 |
|
10 |
10432087 |
20/05/2013 |
6,500,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,, DR. |
B77516409 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 records 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 records 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.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
-- |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
44 |
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.