MIRA INFORM REPORT
|
Report No. : |
334886 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BPL LIMITED |
|
|
|
|
Registered
Office : |
BPL Works, Palakkad – 678007, Kerala |
|
Tel. No.: |
91-491-2533241 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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|
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Date of
Incorporation : |
16.04.1963 |
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Com. Reg. No.: |
09-002015 |
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Capital
Investment / Paid-up Capital : |
Rs.2184.726 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28997KL1963PLC002015 |
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|
|
|
IEC No.: |
0788000993 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRBO1384F |
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|
|
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PAN No.: [Permanent Account No.] |
AAACB9461B |
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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
: |
Manufacturing of single sided Printed Circuits Board (PCB). |
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|
|
|
No. of Employees
: |
66 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7100000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old company was set up in the year 1963. It has a
satisfactory track record. For the financial year ended 2015, the company has performed well in
the current year in comparison of the previous year. It possesses healthy
operational activity marked by decent sales turnover and achieved good
profitability margin. Further, the company has decent financial risk profile backed by
efficient networth position and zero debt balance sheet profile. The rating derive comfort from the long business track record. The
company is managed by experienced and respectable directors. Trade relations are fair. Business is active. Payment terms are slow
but correct. In view of long business track record, the company can be considered
for business dealings at usual trade terms and conditions. NOTE: The company is
found as defaulter in RBI with INDUSIND BANK LIMITED and BANK OF RAJASTHAN
LIMITED in the year 2008. Also, it is found as defaulter for EPFO in the year
2012. Current information regarding the same is not available from other
source. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
The Company is found as defaulter in RBI with INDUSIND BANK LIMITED and
BANK OF RAJASTHAN LIMITED in the year 2008. Current information regarding the
same is not available from other source.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
The Company is found as defaulter for EPFO in the year 2012. Current
information regarding the same is not available from other source.
INFORMATION DENIED
Management Non Co-operative (91-80-26484388)
LOCATIONS
|
Registered Office/ Factory 1 : |
BPL Works, Palakkad – 678007, Kerala, India |
|
Tel. No.: |
91-491-2533241 /
42 |
|
Fax No.: |
91-491-2535410 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
11th KM Arakere Bannerghatta Road, Bangalore – 560076,
Karnataka, India |
|
Tel No.: |
91-80-26484314/ 4348/ 4350/ 4388/ 0209 |
|
Email : |
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|
|
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Factory 2 : |
Doddaballapur, Bangalore – 561203, Karnataka, India |
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|
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|
Factory 3 : |
28B/29, KIADB Industrial Area, Veerapura PO, Doddaballapur, Bangalore
– 561203, Karnataka, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Ajit G.
Nambiar |
|
Designation : |
Chairman and
Managing Director |
|
|
|
|
Name : |
Mrs. Anju
Chandrasekhar |
|
Designation : |
Director |
|
|
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|
Name : |
Mr. K. S. Prasad |
|
Designation : |
Director(Upto 13.08.2014) |
|
|
|
|
Name : |
Capt. S. Prabhala |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. K. Jayabharatha Raddy (Upto 13.08.2014) |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Suraj L. Mehta |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Subhash Bathe (Upto 31.03.2014) |
|
Designation : |
Director |
KEY EXECUTIVES
|
Audit Committee : |
· Mr. Suraj L Mehta, Chairman · Capt. S. Prabhala · Mrs. Anju Chandrasekhar |
|
|
|
|
Nomination and
Remuneration Committee : |
· Capt. S Prabhala, Chairman · Mrs. Anju Chandrasekhar · Mr. Suraj L Mehta |
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|
|
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Stakeholders Relationship
Committee : |
· Capt. S Prabhala, Mrs. Anju Chandrasekhar · Mr. Ajit G Nambiar · Mrs. Anju Chandrasekhar |
SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
1283350 |
2.63 |
|
|
29633442 |
60.62 |
|
|
30916792 |
63.24 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
30916792 |
63.24 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
900 |
0.00 |
|
|
28947 |
0.06 |
|
|
443010 |
0.91 |
|
|
1300 |
0.00 |
|
|
474157 |
0.97 |
|
|
|
|
|
|
4604174 |
9.42 |
|
|
|
|
|
Individual shareholders holding nominal share capital up
to Rs.0.100 million |
8576835 |
17.54 |
|
Individual shareholders holding nominal share capital in excess
of Rs.0.100 million |
4039655 |
8.26 |
|
|
273205 |
0.56 |
|
|
2900 |
0.01 |
|
|
130339 |
0.27 |
|
|
40966 |
0.08 |
|
|
99000 |
0.20 |
|
|
17493869 |
35.79 |
|
Total Public shareholding (B) |
17968026 |
36.76 |
|
Total (A)+(B) |
48884818 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
48884818 |
0.00 |
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of single sided Printed Circuits Board (PCB). |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
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|
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|
Agencies Held : |
Not Divulged |
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|
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|
Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
66 (Approximately) |
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Bankers : |
·
Canara Bank ·
Oriental Bank of Commerce |
|
Auditors : |
|
|
Name : |
T Velu Pillai and
Company Chartered
Accountants |
|
Address : |
Bangalore, Karnataka, India |
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|
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|
Collaborators : |
Not Divulged |
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|
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Membership : |
Not Divulged |
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|
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Subsidiary (As on
31.03.2014) : |
· Bharat Energy Ventures Limited |
|
|
|
|
Company in which
Directors have control (As on 31.03.2014) : |
· BPL Telecom Private Limited · BPL Technovision Private Limited · NI Micro Technologies Private Limited · Dynamics Electronics Private Limited · Phoenix Holdings Private Limited · Electro Investment Private Limited · ER Computers Private Limited · Orion Constructions Company Private Ltd · Electronic Research Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.2184.726 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs. 10/- each |
Rs.550.000 Million |
|
17000000 |
Preference Share |
Rs. 100/- each |
Rs.1700.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.2250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48884818 |
Equity Shares |
Rs. 10/- each |
Rs.488.848 Million |
|
|
Add: Forfeited Shares |
|
Rs.0.010 Million |
|
16958682 |
Preference Share |
Rs. 100/- each |
Rs.1695.868 Million |
|
|
|
|
|
|
|
Total |
|
Rs.2184.726
Million |
Notes on Share
Capital
· The Company has not issued any securities convertible into equity / preference shares.
· There are no rights, preferences and restrictions attaching to class of shares mentioned above.
· During any of the last five years ending 31 March, 2008 :
No shares were allotted as fully paid up pursuant to contract(s) without payment being received in cash.
No shares were allotted as fully paid up by way of bonus shares.
No shares were bought back.
· Cross References to Notes under other heads – Nil
·
Shareholders
holding 5% and above stake in the company
Equity Shares
|
Name of Equity Shareholder |
Number of Shares |
% to the total Equity Capital |
|
Electro Investment Private Limited |
23102544 |
47.26 |
|
Merino Finance Private Limited |
3077500 |
6.30 |
Preference Shares
|
Name of Preference Shareholder |
Number
of Shares |
% to the total Preference Capital |
|
ER Computers Private Limited |
7371837 |
43.47 |
|
Electro Investment Private Limited |
1576222 |
9.29 |
|
Namfil Finance Co Private Limited |
1323728 |
7.81 |
|
Merino Finance Private Limited |
980429 |
5.78 |
|
Oriental Bank of Commerce |
2000000 |
11.79 |
|
Canara Bank |
1807033 |
10.66 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2184.726 |
2184.726 |
2184.726 |
|
(b) Reserves & Surplus |
291.610 |
213.686 |
1486.865 |
|
(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) |
2476.336 |
2398.412 |
3671.591 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
37.523 |
103.289 |
144.901 |
|
(d) long-term
provisions |
15.751 |
17.128 |
49.613 |
|
Total Non-current
Liabilities (3) |
53.274 |
120.417 |
194.514 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
79.747 |
107.821 |
74.401 |
|
(c) Other
current liabilities |
46.859 |
57.229 |
101.958 |
|
(d) Short-term
provisions |
0.020 |
0.019 |
0.019 |
|
Total Current
Liabilities (4) |
126.626 |
165.069 |
176.378 |
|
|
|
|
|
|
TOTAL |
2656.236 |
2683.898 |
4042.483 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
118.747 |
146.181 |
203.651 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
210.510 |
1364.510 |
1154.010 |
|
(c) Deferred tax assets (net) |
689.521 |
689.521 |
2005.651 |
|
(d) Long-term Loan and Advances |
245.380 |
240.722 |
226.288 |
|
(e) Other
Non-current assets |
1148.097 |
49.360 |
60.304 |
|
Total Non-Current
Assets |
2412.255 |
2490.294 |
3649.904 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
21.336 |
18.287 |
80.677 |
|
(c) Trade
receivables |
52.048 |
34.544 |
183.909 |
|
(d) Cash and
cash equivalents |
35.284 |
29.470 |
70.666 |
|
(e)
Short-term loans and advances |
132.761 |
109.907 |
56.710 |
|
(f) Other
current assets |
2.552 |
1.396 |
0.617 |
|
Total
Current Assets |
243.981 |
193.604 |
392.579 |
|
|
|
|
|
|
TOTAL |
2656.236 |
2683.898 |
4042.483 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
238.869 |
458.275 |
958.061 |
|
|
|
|
Other Income |
66.589 |
138.622 |
387.723 |
|
|
|
|
TOTAL (A) |
305.458 |
596.897 |
1345.784 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
134.073 |
207.700 |
347.980 |
|
|
|
|
Purchase of Stock-in-trade |
12.402 |
98.677 |
341.187 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(1.070) |
27.218 |
3.981 |
|
|
|
|
Employee Benefits Expenses |
42.791 |
95.602 |
144.531 |
|
|
|
|
Other Expenses |
44.464 |
112.402 |
166.992 |
|
|
|
|
Extraordinary Items |
(22.334) |
0.000 |
(3.818) |
|
|
|
|
TOTAL (B) |
210.326 |
541.599 |
1000.853 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
95.132 |
55.298 |
344.931 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
0.540 |
1.379 |
31.869 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
94.592 |
53.919 |
313.062 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
16.648 |
10.948 |
16.744 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
77.944 |
42.971 |
296.318 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
0.000 |
1316.131 |
399.208 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
77.944 |
(1273.160) |
(102.890) |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY ON F.O.B. |
NA |
0.484 |
0.513 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
NA |
88.561 |
80.349 |
|
|
|
|
Components / parts |
NA |
53.178 |
409.051 |
|
|
|
TOTAL IMPORTS |
NA |
141.739 |
489.400 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.59 |
(26.04) |
(2.10) |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
69.663 |
(127.356) |
|
Net cash flow from/ (used in) operating activities |
NA |
69.663 |
(125.594) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
32.63 |
(277.82) |
(10.74) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
39.83 |
12.07 |
36.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
4.44 |
6.82 |
33.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.02 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93 |
1.17 |
2.23 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.39.20/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
2184.726 |
2184.726 |
2184.726 |
|
Reserves & Surplus |
1486.865 |
213.686 |
291.610 |
|
Net
worth |
3671.591 |
2398.412 |
2476.336 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
958.061 |
458.275 |
238.869 |
|
|
|
(52.166) |
(47.876) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
958.061 |
458.275 |
238.869 |
|
Profit |
(102.890) |
(1273.160) |
77.944 |
|
|
(10.74%) |
(277.82%) |
32.63% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10371428 |
08/06/2015 * |
230,000,000.00 |
ASIA PRAGATI CAPFIN PRIVATE LIMITED |
909-910
,9TH FLOOR ,DLF TOWER B, JASOLA ,NON HIER |
C59360875 |
|
2 |
80011489 |
15/12/2005 |
1,412,469,064.00 |
HDFC LIMITED |
RAMON HOUSE,7TH FLOOR,RECLAMATION, H T PAREKH MARG,169,BACKBAY, CHURCHGATE, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
3 |
90022849 |
31/03/2003 * |
250,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LTD. |
H.D.F.C.
HOUSE KASTURBA RAOD, BANGALORE, KARNATAKA |
- |
|
4 |
90022838 |
09/12/2002 |
2,750,000,000.00 |
I.C.I.C.I. BANK LTD. |
ICICI TOWERS BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
5 |
90022787 |
26/06/2002 |
700,000,000.00 |
H.D.F.C. BANK LTD. |
SANDOZ HOUSE BRANCH, MUMBAI, MAHARASHTRA - 400018, INDIA |
- |
|
6 |
90022748 |
20/02/2002 |
300,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI HOUSE MISSION ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
- |
|
7 |
90022700 |
27/09/2001 |
2,750,000,000.00 |
I.C.I.C.I .LTD. |
ICICI TOWERS BANDRA KURIA COMPLEX, BANDRA, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
8 |
90022641 |
13/03/2001 |
500,000,000.00 |
I.C.I.C.I. LTD. |
ICICI TOWERS BANDRA SURLA COMPLEX, BANDRA, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
9 |
90022578 |
14/08/2000 |
500,000,000.00 |
I.C.I.C.I. LTD. |
ICICI TOWERS BANDRA KURLA, COMPLEX BANDRA, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
10 |
90022542 |
11/04/2000 |
500,000,000.00 |
I.C.I.C.I. LTD. |
ICICI TOWERS BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
11 |
90022506 |
19/01/2000 |
220,000,000.00 |
ICICI LIMITED |
ICICI TOWER, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
12 |
90022386 |
30/07/1998 |
500,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
13 |
90022318 |
31/07/1997 |
500,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
14 |
90022316 |
16/08/2000 * |
500,000,000.00 |
I.C.I.C.I. BANK LTD. |
ICICI TOWERS BANDRA, KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
15 |
90022299 |
23/03/1998 * |
200,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
16 |
90022291 |
16/08/1998 * |
25,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
17 |
90022253 |
29/08/1996 |
500,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
18 |
90022252 |
17/03/1997 * |
500,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020,INDIA |
- |
|
19 |
90022249 |
23/03/1998 * |
200,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
20 |
90022168 |
22/08/1995 |
200,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER CUFFE PARADE COLABE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
21 |
90022153 |
05/07/1995 |
100,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER CUFFE PARADE CALABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
22 |
90022117 |
16/08/1998 * |
135,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
23 |
90021988 |
16/08/1998 * |
30,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
24 |
90021943 |
31/01/1992 |
50,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
I.D.B.I. TOWER CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
25 |
90021923 |
08/10/1996 * |
33,296,850.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
26 |
90021891 |
05/11/1990 |
3,679,703.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
27 |
90021884 |
20/09/1990 |
7,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CO-OP OF INDIA LTD. |
BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
28 |
90021853 |
05/02/1990 |
30,000,000.00 |
STATE BANK OF INDIA |
NO. 48; CHURCH STREET, BANGALORE, KARNATAKA, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer, Equipments and
Net working
·
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 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.63.93 |
|
|
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
YES |
|
--EPF |
YES/NO |
YES |
|
|
|
|
|
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.