MIRA INFORM REPORT
|
Report No. : |
335815 |
|
Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SKS MICROFINANCE LIMITED (w.e.f. 02.05.2009) |
|
|
|
|
Formerly Known
As : |
SKS MICROFINANCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 410, Madhava, Bandra Kurla Complex, Bandra - (East), Mumbai -
400051, Maharashtra |
|
Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
22.09.2003 |
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|
|
|
Com. Reg. No.: |
11-250504 |
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Capital
Investment / Paid-up Capital : |
Rs. 1262.925 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
L65999MH2003PLC250504 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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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
: |
Subject is engaged in non-banking financial company - micro finance institution, provides micro finance services to women in the rural areas in India who are enrolled as members and organized as joint liability groups. |
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|
|
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No. of Employees
: |
10100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is a NBFC (Non - Banking Finance Company) approved by Reserve
Bank of India who helps and offer financial assistant to poor people in
India. Rating takes into consideration experience of the management in the
microfinance industry, comfortable capitalization level, diversified
resources profile, improvement in profitability, comfortable liquidity
profile and geographically diverse loan portfolio. The company’s board comprises with eminent personalities with well
experience and good market knowledge. The ratings however, constrained by the susceptibility of the business
to socio-political intervention and operational risk due to high proportion
of cash transitions. Trade relations are reported to be fair. Payment terms are regular and
as per commitments. The company can be considered good for normal business dealings at
usual trade 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank Facilities = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
July 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
July 2015 |
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
31-03-2013.
INFORMATION DECLINED
Management non - cooperative 91-40-44526000
LOCATIONS
|
Registered Office : |
Unit No. 410, Madhava, Bandra Kurla Complex, Bandra - (East), Mumbai -
400051, Maharashtra |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-mail: |
manish.kumar@sksindia.com |
|
Website: |
http://www.sksindia.com |
|
|
|
|
Head office: |
3rd Floor, My Home Tycoon, Block A, 6-3-1192, Kundanbagh, Begumpet, Hyderabad - 500 016, Telangana, India |
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|
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Regional office: |
Also Located at:
|
|
|
Note: They have 1255
Branch Offices |
DIRECTORS
As on 24.07.2014
|
Name : |
Mr. P. H. Ravikumar |
|
Designation : |
Non-Executive Chairman and Independent Director |
|
|
|
|
Name : |
Mr. M. R. Rao |
|
Designation : |
Managing Director and Chief Executive officer |
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|
Name : |
Mr. S. Balachandran |
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Designation : |
Additional Director |
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Name : |
Mr. Geoffrey Tanner Woolley |
|
Designation : |
Independent Director |
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|
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Name : |
Mr. P. Krishnamurthy |
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Designation : |
Nominee Director - SIDBI |
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|
|
|
Name : |
Mr. Tarun Khanna |
|
Designation : |
Independent Director |
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|
|
|
Name : |
Mr. Paresh Patel |
|
Designation : |
Non-Independent and Non-Executive Director |
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|
|
|
Name : |
Mr. Sumir Chadha |
|
Designation : |
Non-Independent and Non-Executive Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2015
|
Category of Shareholder |
Total No. of Shares |
% of Holding |
|
|
|
|
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
0 |
0.00 |
|
|
|
|
|
|
9125231 |
7.22 |
|
|
2560292 |
2.02 |
|
|
2560292 |
2.02 |
|
|
11685523 |
9.24 |
|
Total shareholding of Promoter and Promoter Group (A) |
11685523 |
9.24 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
17076652 |
13.50 |
|
|
1683176 |
1.33 |
|
|
54045880 |
42.74 |
|
|
4509767 |
3.57 |
|
|
4509767 |
3.57 |
|
|
77315475 |
61.14 |
|
|
|
|
|
|
9092681 |
7.19 |
|
|
|
|
|
|
7327901 |
5.79 |
|
|
4420167 |
3.50 |
|
|
16624648 |
13.15 |
|
|
387776 |
0.31 |
|
|
5506615 |
4.35 |
|
|
17411 |
0.01 |
|
|
10355100 |
8.19 |
|
|
349666 |
0.28 |
|
|
8080 |
0.01 |
|
|
37465397 |
29.62 |
|
Total Public shareholding (B) |
114780872 |
90.76 |
|
Total (A)+(B) |
126466395 |
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) |
126466395 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sl.No. |
Name of the Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
|
|
|
|
|
1 |
Kismet Microfinance |
56,34,809 |
4.46 |
|
2 |
Westbridge Ventures II LLC (Formerly Sequoia Capital India
LLC) |
34,90,422 |
2.76 |
|
3 |
Kumaon Investment Holdings (FII Sub Account with HSBC Bank
(Maurities) Ltd) |
25,60,292 |
2.02 |
|
|
Total |
1,16,85,523 |
9.24 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons belonging to the category Public and holding more than
1% of the total number of shares
|
Sl.
No. |
Name
of the Shareholder |
No.
of Shares held |
Shares
as % of Total No. of Shares |
|
|
1 |
IDFC Premier Equity Fund |
6705000 |
5.30 |
|
|
2 |
Sandstone Investment Partners I |
5838900 |
4.62 |
|
|
3 |
Amansa Holdings Private Limited |
5729956 |
4.53 |
|
|
4 |
Vinod Khosa |
4238866 |
3.35 |
|
|
5 |
Morgan Stanley Asia (Singapore) Pie |
3603310 |
2.85 |
|
|
6 |
Kismet SKS I |
3023276 |
2.39 |
|
|
7 |
Route One Fund I L P |
2966788 |
2.35 |
|
|
8 |
Route One Offshore Master Funo L P |
2911917 |
2.30 |
|
|
9 |
Tree Line Asia Master Fund (Singapore) Pte Limited |
2357076 |
1.86 |
|
|
10 |
Amundi Funds A/C Amundi Funds - Equity India |
2100000 |
1.66 |
|
|
11 |
Government Pension Fund Global |
1956714 |
1.55 |
|
|
12 |
Max Life Insurance Company Limited |
1862891 |
1.47 |
|
|
13 |
TVF Fund Limited |
1779644 |
1.41 |
|
|
14 |
Driehaus Emerging Markets Small Cap Growth Fund. Aseries
of Drichaus Mutual Funds |
1757594 |
1.39 |
|
|
15 |
GMO Emerging Domestic Opportunities Fund |
1627998 |
1.29 |
|
|
16 |
Small Industries Development Bank of India |
1609199 |
1.27 |
|
|
17 |
DSP Blackrock Small And Mid Cap Fund |
1494319 |
1.18 |
|
|
18 |
Tree Line Asia Master Fund (Singapore) Pte Ltd |
1492924 |
1.18 |
|
|
19 |
Shivanand Shankar Mankekar |
1300000 |
1.03 |
|
|
|
Total |
54356372 |
42.98 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons (together with PAC) belonging to the
category “Public” and holding more than 5% of the total number of shares of the
company
|
Sl. No. |
Name(s) of the shareholder(s) and the
Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of Total No. of Shares |
Total shares (including underlying
shares assuming full conversion of warrants and convertible securities) as a
% of diluted share capital |
|
|
1 |
IDFC Premier Equity Fund |
6705000 |
5.30 |
5.30 |
|
|
|
Total |
6705000 |
5.30 |
5.30 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in non-banking financial company - micro finance institution, provides micro finance services to women in the rural areas in India who are enrolled as members and organized as joint liability groups. |
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Products/Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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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 : |
10100 (Approximetly) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
Note: SHORT TERM
BORROWING Cash credit from banks is secured by hypothecation of portfolio loans and margin money deposit and is repayable on demand. Indian rupee loan from banks are term loans secured by hypothecation of portfolio loans. Indian rupee loan from non banking financial companies are term loans secured by hypothecation of portfolio loans and margin money deposits |
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|
Financial
Institution: |
IDBI Trusteeship
Services Limited, Asian Building, Ground Floor, 17, R. Kamani
Marg, Ballard Estate, Mumbai- 400001, Maharashtra, India |
|
Auditors : |
|
|
Name : |
S.R. Batloboi and Company. LLP Chartered Accountants |
|
Address : |
14th Floor, The Rubby 29 Senapati Bapat Marg, Dadar (west),
Mumbai - 400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 1262.925 Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
122000000 |
Equity Shares |
Rs.10/- each |
Rs. 1220.000 Million |
|
|
|
|
|
|
13000000 |
Preference Shares |
Rs.10/- each |
Rs. 130.000 Million |
|
|
Total |
|
Rs. 1350.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108212962 |
Equity Shares |
Rs.10/- each |
Rs. 1082.129
Million |
|
|
|
|
|
a) Reconciliation of
the shares outstanding at the beginning and at the end of the reporting year
|
Equity shares |
31-Mar-14 |
|
|
|
No. of Shares |
(Rupees) |
|
At the beginning of the year |
|
|
|
Issued during the year - Stock options |
108,212,698 |
1,082,126,980 |
|
Issued during the year - Qualified Institutional |
264 |
2,640 |
|
Placement |
- |
- |
|
Issued during the year - Preferential allotment |
- |
- |
|
|
- |
- |
|
Outstanding at the end of the year |
108,212,962 |
1,082,129,620 |
(b) Terms/ rights attached
to equity shares
The Company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. Any dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. Dividend declared and paid would be in Indian rupees.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
Share capital includes Nil equity shares that are locked-in.
(c) Aggregate number
of shares issued for consideration other than cash during the period of five
years immediately preceding the reporting date:
The Company has issued 2,462,755 shares during the period of five years immediately preceding the reporting date on exercise of options granted under stock option plans wherein part consideration was received in the form of services rendered to the Company.
(d) Details of
shareholders holding more than 5% shares in the Company
|
Equity shares of
Rs.10 each fully paid |
As at March 31,
2014 |
|
|
|
No. of Shares |
% holding in the
class |
|
Sandstone Investment Partners I |
8,341,792 |
7.71% |
|
Westbridge Ventures II, LLC (Formerly
Sequoia Capital India II, LLC) |
6,573,914 |
6.07% |
|
Merriall Lynch Capital Markets Espana S.A
S.V |
6,112,173 |
5.65% |
|
Kismet Microfinance |
5,634,809 |
5.21% |
|
|
|
|
|
|
|
|
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 |
1262.925 |
1082.130 |
1082.127 |
|
(b) Reserves & Surplus |
9201.634 |
3510.007 |
2821.793 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.065 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
10464.624 |
4592.137 |
3949.048 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10572.212 |
3002.070 |
2656.035 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
127.185 |
1862.151 |
2632.616 |
|
Total Non-current
Liabilities (3) |
10699.397 |
4864.221 |
5288.651 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
6096.277 |
3323.505 |
5705.213 |
|
(b) Trade
payables |
19271.888 |
11806.547 |
9942.481 |
|
(c) Other
current liabilities |
455.074 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
0.000 |
385.552 |
274.246 |
|
Total Current
Liabilities (4) |
25823.239 |
15515.604 |
15921.940 |
|
|
|
|
|
|
TOTAL |
46987.260 |
24971.962 |
25115.511 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
51.506 |
65.860 |
84.703 |
|
(ii)
Intangible Assets |
38.020 |
30.913 |
27.113 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
12.448 |
15.040 |
1.308 |
|
(b) Non-current Investments |
2.000 |
2.000 |
2.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2448.461 |
2292.684 |
2826.745 |
|
(e) Other
Non-current assets |
1252.264 |
328.513 |
364.262 |
|
Total Non-Current
Assets |
3804.699 |
2735.010 |
3306.131 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
34.169 |
51.071 |
5.556 |
|
(d) Cash
and cash equivalents |
15367.731 |
6397.075 |
8605.877 |
|
(e)
Short-term loans and advances |
27135.520 |
15235.014 |
12815.970 |
|
(f) Other
current assets |
645.141 |
553.792 |
381.977 |
|
Total
Current Assets |
43182.561 |
22236.952 |
21809.380 |
|
|
|
|
|
|
TOTAL |
46987.260 |
24971.962 |
25115.511 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
7239.568 |
5189.918 |
3321.975 |
|
|
Other Income |
791.088 |
258.434 |
203.662 |
|
|
TOTAL
|
8030.656 |
5448.352 |
3525.637 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Provision written off |
100.457 |
145.712 |
2444.229 |
|
|
Employees benefits expense |
2318.538 |
1655.633 |
1726.704 |
|
|
Other expenses |
839.933 |
765.527 |
834.544 |
|
|
TOTAL
|
3258.928 |
2566.872 |
5005.477 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4771.728 |
2881.480 |
(1479.840) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2790.452 |
2142.214 |
1427.192 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1981.276 |
739.266 |
(2907.032) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
45.612 |
40.756 |
64.355 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1935.664 |
698.510 |
(2971.387) |
|
|
|
|
|
|
|
Less |
TAX |
59.020 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1876.644 |
698.510 |
(2971.387) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(12925.877) |
(13484.387) |
(10513.000) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to Statutory Reserve |
N.A |
140.000 |
0.000 |
|
|
Total
|
N.A |
140.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(11049.233) |
(12925.877) |
(13484.387) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
|
Basic |
15.22 |
6.45 |
(30.55) |
|
|
Diluted
|
15.04 |
6.44 |
(30.55) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
N.A |
8987.048 |
7819.973 |
|
Cash generated from operations |
N.A |
(1129.375) |
(6443.114) |
|
Net cash flow from operating activity |
N.A |
(1324.472) |
(6435.308) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
25.92 |
13.46 |
(89.45) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
65.91 |
55.52 |
(44.55) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.12 |
2.80 |
(11.83) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.15 |
(0.76) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.59 |
1.38 |
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.43 |
1.37 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.565.15/- |
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 |
1082.127 |
1082.130 |
1262.925 |
|
Reserves & Surplus |
2821.793 |
3510.007 |
9201.634 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.065 |
|
Net
worth |
3903.920 |
4592.137 |
10464.624 |
|
|
|
|
|
|
long-term borrowings |
2656.035 |
3002.070 |
10572.212 |
|
Short term borrowings |
5705.213 |
3323.505 |
6096.277 |
|
Total
borrowings |
8361.248 |
6325.575 |
16668.489 |
|
Debt/Equity
ratio |
2.142 |
1.377 |
1.593 |
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 |
3321.975 |
5189.918 |
7239.568 |
|
|
|
56.230 |
39.493 |
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 |
3321.975 |
5189.918 |
7239.568 |
|
Profit |
(2971.387) |
698.510 |
1876.644 |
|
|
(89.45)% |
13.46% |
25.92% |
\
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 |
Yes |
|
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
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 CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10576214 |
25/06/2015 |
1,400,000,000.00 |
RBL Bank Limited |
SHAHUPURI,KOLHAPUR,
KOLHAPUR, MUMBAI - 416001 MAHARASHTRA, INDIA |
C57072373 |
|
2 |
10571256 |
15/05/2015 |
2,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARG, |
C53797676 |
|
3 |
10558157 |
30/03/2015 |
500,000,000.00 |
STATE BANK OF
HYDERABAD |
INDUSTRIAL
FINANCE BRANCH, "TOPAZ", AMRUTHA HILLS |
C48381867 |
|
4 |
10564512 |
30/03/2015 |
2,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARG, |
C49375850 |
|
5 |
10558566 |
29/03/2015 * |
720,000,000.00 |
HDFC BANK
LIMITED |
NO 5-4-94 TO 97,
M.G. ROAD, RANIGUNG, SECUNDERABAD -
500003, TELANGANA, INDIA |
C54445598 |
|
6 |
10557512 |
27/03/2015 |
1,000,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
C47966502 |
|
7 |
10559949 |
26/03/2015 |
1,000,000,000.00 |
ANDHRA BANK |
SULTAN BAZAR
BRANCH, KOTI, HYDERABAD - 500195, TELANGANA , INDIA |
C49422785 |
|
8 |
10558923 |
25/03/2015 |
1,000,000,000.00 |
DENA BANK |
BANK STREET,
KOTI, HYDERABAD- 500195, TELANGANA, |
C48986095 |
|
9 |
10557049 |
24/03/2015 |
750,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
27BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI - 400051, MAHARASHTRAINDIA |
C47739446 |
|
10 |
10558640 |
24/03/2015 |
500,000,000.00 |
STATE BANK OF
MYSORE |
6-3-865, MY HOME
JUPALLY,, AMEERPET, HYDERABAD - 500016, TELANGANA, INDIA |
C48744841 |
FIXED ASSETS
- Furniture and
- Fixtures
- Computers
- Office
- Equipments
- Vehicles
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.63.80 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.69.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.