MIRA INFORM REPORT
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Report No. : |
353654 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
WELSPUN ENERGY PRIVATE LIMITED (w.e.f. 19.03.2014) |
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Formerly Known
As : |
WELSPUN ENERGY LIMITED (w.e.f. 11.03.2008) WELSPUN ENERGY PRIVATE LIMITED (w.e.f.28.07.2006) PRANAM TRADELINK PRIVATE LIMITED |
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Registered
Office : |
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Tel. No.: |
91-2836-279071 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.08.2002 |
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Com. Reg. No.: |
04-041136 |
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Capital
Investment / Paid-up Capital : |
Rs. 4402.424 Million |
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CIN No.: [Company Identification
No.] |
U51909GJ2002PTC041136 |
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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 : |
Private Limited Liability Company |
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Line of Business
: |
They are into Power Generations (Solar and Thermal Power) (Confirmed
by Management) |
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No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (63) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2002 having
good track. Fundamentals of the company are strong and healthy. Available financial indicates sound financial risk profile marked by
healthy net worth base along with comfortable liquidity position and good
profit margin of the company. The rating further takes into consideration company’s long established
tarck record of favourable gap between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of promoter’s resourcefulness and sound financial base, the
company can be considered normal for business dealings at usual 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities=A+ |
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Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
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Date |
25.07.2014 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities=A1 |
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Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
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Date |
25.07.2014 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Satish Sharma |
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Designation : |
General Finance Manager |
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Contact No.: |
91-9892703663 |
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Date : |
05.12.2015 |
LOCATIONS
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Registered Office / Factory : |
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Tel. No.: |
91-2836-279071/ 74/ 41/ 44 |
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Mobile No.: |
91-9892703663 (Mr. Satish Sharma) 91-9849542226 (Mr. Reddy) |
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Fax No.: |
91-2836-279060 |
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E-Mail : |
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Website : |
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Corporate Office : |
3rd Floor, Press Trust of |
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Tel. No.: |
91-11-66034600 |
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Fax No.: |
91-11-66273091 |
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Branch Office 1: |
Kishan Colony, Near Kanasar Choroaha, BAP, Phlodi (OSIAN), Jodhpur,
Rajasthan, India |
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Branch Office 2: |
406, Hubtown Solaris, NS Phadke Marg, Andheri East, Mumbai-400069,
Maharashtra, India |
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Tel. No.: |
91-22-61408000 |
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Fax No.: |
91-22-26844888 |
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Other Branch Offices : |
Located at: · Punjab · Madhya Pradesh · Gujarat · Karnataka · Andhra Pradesh · Tamilnadu · Rajasthan |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vineet Rajkumar Mittal |
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Designation : |
Managing Director |
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Address : |
101, Sagar Sangeet, Juhu, Opposite Juhu Post Office, Mumbai - 400049,
Maharashtra, India |
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Date of Birth/Age : |
05.09.1974 |
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Date of Appointment : |
10.02.2010 |
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DIN No.: |
00058552 |
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Name : |
Mr. Rajesh Rameshkumar Mandawewala |
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Designation : |
Director |
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Address : |
161/171-B, Tanna Residency, Bay View, Opposite Sidhivinayak Temple,
Prabhadevi, Mumbai - 400025, Maharashtra, India |
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Date of Birth/Age : |
05.05.1962 |
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Date of Appointment : |
15.05.2012 |
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DIN No.: |
00007179 |
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Name : |
Mr. Atul Manubhai Desai |
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Designation : |
Director |
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Address : |
C/62, Vellard View, 14, Tardeo Road, Haji Ali, Mumbai - 400034,
Maharashtra, India |
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Date of Birth/Age : |
27.06.1950 |
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Date of Appointment : |
22.01.2014 |
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DIN No.: |
00019443 |
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Name : |
Mr. Ram Gopal Sharma |
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Designation : |
Director |
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Address : |
E 707 Lok Sarita, Military Road,, Marol, Andheri (East), Mumbai -
400059, Maharashtra, India |
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Date of Birth/Age : |
11.11.1940 |
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Date of Appointment : |
10.06.2014 |
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DIN No.: |
00026514 |
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Name : |
Mr. Apurba Kumar Dasgupta |
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Designation : |
Director |
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Address : |
Bunglow No. 10, Ipshita, Dreamland Coop. Society, Near Diamond
Gardens, Aloycious Soares Marg, Mumbai -
400071, Maharashtra, India |
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Date of Birth/Age : |
02.04.1935 |
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Date of Appointment : |
22.01.2014 |
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DIN No.: |
00043075 |
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Name : |
Mr. Balkrishan Gopiram Goenka |
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Designation : |
Director |
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Address : |
Rocky Isle 46/C, B, Desai Raod, Breachcandy, Mumbai - 400026,
Maharashtra, India |
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Date of Birth/Age : |
15.08.1966 |
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Date of Appointment : |
10.02.2010 |
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DIN No.: |
00270175 |
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Name : |
Mr. Sindoor Vineet Mittal |
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Designation : |
Whole-time Director |
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Address : |
701, Shubham, Gandhidham Road, Juhu, Mumbai - 400049, Maharashtra,
India |
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Date of Birth/Age : |
28.03.1983 |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00292184 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Sharma |
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Designation : |
General Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Welspun
Enterprises Limited, India |
60493342 |
|
Krishiraj
Trading Limited, India |
112821704 |
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Candor
Power Private Limited, India |
67688672 |
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Mr.
Vineet Mittal |
5240304 |
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Welspun
Fintrade Private Limited, India |
26992298 |
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Welspun
Mercantile Limited, India |
2489534 |
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Welspun
Wintex Limited, India |
2326667 |
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Mr.
B. K. Goenka |
604933 |
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Bhadrawati
Ispat and Energy Limited, India |
24936356 |
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Total |
303593810 |
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Names of Preference Shareholders |
No. of Shares |
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Candor
Power Private Limited |
63626146 |
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Bhadrawati
Ispat & Energy Limited |
60849921 |
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Mr.
Vineet Mittal |
12172503 |
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Total |
136648570 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Bodies corporate |
98.07 |
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Directors or relatives of Directors |
1.93 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
They are into Power Generations (Solar and Thermal Power) (Confirmed
by Management) |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
Solar Modules Cables |
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Countries : |
· China · Japan · Germany · Singapore · Malaysia |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
350 (Approximately) |
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Bankers : |
· IDBI Bank Limited IDBI Towerwtc Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Bank of Baroda Plot No. C-26, G-Block, Bandr Kurla Complex,, Bandra (East), Mumbai- 400051, Maharashtra, India · Yes Bank Limited Nehru Centre, 9th Floor, Discovery of India,, Dr. A.B. Road, Worli, Mumbai- 400018, Maharashtra, India |
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Facilities : |
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Financial
institution : |
Aditya Birla Finance Limited, Indian Rayon Compound, Veraval - 362266, Gujarat, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sureka Associates Chartered Accountants |
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Address : |
45C, Mandhana Manor, |
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Tel. No.: |
91-22-24306150/ 24327608 |
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Fax No.: |
91-22-24327608 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFS8201P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
· Welspun Corp limited (WCL) · Krishiraj Trading Limited (KTL) · Solarsys Non-conventional Energy Private Limited (SREPL) · MI Mysolar 24 Private Limited (MMPL) · Dreisatz Mysolar 24 Private Limited (DMSPL) · Unity Power Private Limited (UPPL) |
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Subsidiaries : |
· Welspun Energy Madhya Pradesh Limited · Welspun Energy Anuppur Private Limited · Welspun Renewables Energy Limited · Welspun Energy Up Private Limited · Welspun Energy Chhattisgarh Limited · Welspun Solar AP Private Limited · Welspun Urja Gujarat Private Limited · Welspun Urja India Limited · Welspun Solar Madhya Pradesh Private Limited · Welspun Solar Rajasthan Private Limited · Welspun Solar Punjab Private Limited · Welspun Solar UP Private Limited(WSUPPL) · Welspun Energy Maharashtra Private Limited · Solarsys Non-conventional Energy Private Limited · Welspun Energy Rajasthan Private Limited · Welspun Solar Kannada Private Limited · Solarsys Energy Private Limited · Welspun Energy Resources Private Limited · Welspun Energy Park Private Limited · Welspun Solar Tech Private Limited · Welspun Energy Jharkhand Private Limited · Welspun Energy Orissa Private Limited · Solarsys Renewables Energy Private Limited · Dreisatz Mysolar 24 Private Limited · Northwest Energy Private Limited · SUIL Hydro Power Private Limited · Welspun Renewables (Singapore) Private Limited · Welspun Energy Japan K. K. |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
340000000 |
Equity Shares |
Rs.10/- each |
Rs.3400.000 Million |
|
160000000 |
Preference Shares |
Rs.10/- each |
Rs.1600.000 Million |
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|
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|
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Total |
|
Rs.5000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
303593810 |
Equity Shares |
Rs.10/- each |
Rs.3035.938 Million |
|
136648570 |
Preference Shares |
Rs.10/- each |
Rs.1366.486 Million |
|
|
|
|
|
|
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Total |
|
Rs.4402.424
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 |
|
|
|
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(a) Share Capital |
4402.424 |
3349.595 |
673.666 |
|
(b) Reserves & Surplus |
2418.065 |
1758.256 |
367.155 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
2489.307 |
|
Total
Shareholders’ Funds (1) + (2) |
6820.489 |
5107.851 |
3530.128 |
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1800.000 |
2750.000 |
971.000 |
|
(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 |
16.904 |
12.961 |
6.903 |
|
Total Non-current
Liabilities (3) |
1816.904 |
2762.961 |
977.903 |
|
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(4)
Current Liabilities |
|
|
|
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(a) Short
term borrowings |
500.000 |
76.371 |
130.048 |
|
(b) Trade
payables |
492.684 |
3024.988 |
6.307 |
|
(c) Other
current liabilities |
1550.108 |
2545.787 |
53.074 |
|
(d) Short-term
provisions |
173.690 |
1.679 |
2.346 |
|
Total Current
Liabilities (4) |
2716.482 |
5648.825 |
191.775 |
|
|
|
|
|
|
TOTAL |
11353.875 |
13519.637 |
4699.806 |
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
83.023 |
52.753 |
51.852 |
|
(ii)
Intangible Assets |
1.619 |
2.238 |
2.330 |
|
(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 |
7574.917 |
3104.665 |
1999.150 |
|
(c) Deferred tax assets (net) |
1.374 |
0.176 |
0.464 |
|
(d) Long-term Loan and Advances |
1163.478 |
4142.581 |
2290.454 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
8824.411 |
7302.413 |
4344.250 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
39.368 |
0.000 |
|
(b)
Inventories |
142.350 |
820.372 |
0.000 |
|
(c) Trade
receivables |
65.931 |
2273.180 |
12.691 |
|
(d) Cash
and cash equivalents |
320.249 |
318.713 |
66.154 |
|
(e)
Short-term loans and advances |
1888.184 |
2753.159 |
14.677 |
|
(f) Other
current assets |
112.750 |
12.432 |
262.034 |
|
Total
Current Assets |
2529.464 |
6217.224 |
355.556 |
|
|
|
|
|
|
TOTAL |
11353.875 |
13519.637 |
4699.806 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
10768.383 |
6119.046 |
440.789 |
|
|
|
Other Income |
28.179 |
29.208 |
5.197 |
|
|
|
TOTAL |
10796.562 |
6148.254 |
445.986 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
9722.642 |
5281.703 |
382.399 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1073.920 |
866.551 |
63.587 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
456.880 |
240.909 |
1.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
617.040 |
625.642 |
62.525 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
7.010 |
5.618 |
2.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
610.030 |
620.024 |
60.315 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
205.593 |
199.143 |
18.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX |
404.437 |
420.881 |
42.052 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
462.998 |
42.117 |
0.065 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
867.436 |
462.998 |
42.117 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Imported Material |
5749.077 |
4794.848 |
0.000 |
|
|
|
Office Equipment |
0.000 |
0.000 |
1.068 |
|
|
TOTAL IMPORTS |
5749.077 |
4794.848 |
1.068 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
10.05 |
2.05 |
34.16 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
7230.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs. 25000.000 Million
The above information has been parted by Mr. Sumit Sharma (General
Finance Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.175 |
0.250 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Cash used in Operating Activities |
(767.868) |
3138.973 |
(1017.677) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.76 |
6.88 |
9.54 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.97 |
14.16 |
14.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.15 |
5.95 |
2.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.12 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.34 |
0.55 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
1.10 |
1.85 |
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 |
673.666 |
3349.595 |
4402.424 |
|
Reserves & Surplus |
367.155 |
1758.256 |
2418.065 |
|
Share Application money pending allotment |
2489.307 |
0.000 |
0.000 |
|
Net
worth |
3530.128 |
5107.851 |
6820.489 |
|
|
|
|
|
|
long-term borrowings |
971.000 |
2750.000 |
1800.000 |
|
Short term borrowings |
130.048 |
76.371 |
500.000 |
|
Current maturities of
long-term debts |
0.000 |
0.250 |
0.175 |
|
Total
borrowings |
1101.048 |
2826.621 |
2300.175 |
|
Debt/Equity
ratio |
0.312 |
0.553 |
0.337 |
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 |
440.789 |
6119.046 |
10768.383 |
|
|
|
1,288.203 |
75.981 |
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 |
440.789 |
6119.046 |
10768.383 |
|
Profit |
42.052 |
420.881 |
404.437 |
|
|
9.54% |
6.88% |
3.76% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
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 |
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 |
Yes |
|
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 |
Yes |
|
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 |
10548198 |
16/01/2015 |
2,732,589,000.00 |
BANK OF BARODA |
PLOT NO. C-26, G-BLOCK, BANDR KURLA COMPLEX,, BANDRA (EAST),, MUMBAI- 400051, MAHARASHTRA, INDIA |
C43063312 |
|
2 |
10538981 |
09/10/2014 |
1,000,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH
FLOOR, DISCOVERY OF INDIA,, DR. |
C38268850 |
|
3 |
10495228 |
22/04/2014 |
1,000,000,000.00 |
YES BANK LIMITED |
9TH FLR, NEHRU
CENTRE,, DISCOVERY OF INDIA, ANNIE |
C04659116 |
|
4 |
10457492 |
27/09/2013 |
2,000,000,000.00 |
CENTRAL BANK OF INDIA |
MMO BUILDING, FIRST FLOOR,, M. G. ROAD, FORT,, MUMBAI- 400023, MAHARASHTRA, INDIA |
B88471479 |
|
5 |
10389648 |
29/10/2012 |
1,000,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI- 400005, MAHARASHTRA, INDIA |
B63137129 |
|
6 |
10382556 |
28/09/2012 |
1,000,000,000.00 |
ADITYA BIRLA FINANCE LIMITED |
INDIAN RAYON
COMPOUND,, VERAVAL- 362266, GUJARAT, |
B60390960 |
*Date of charge modification
UNSECURED LOAN
(Rs.
In Million)
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
500.000 |
0.000 |
|
Loans and advances from related parties |
0.000 |
76.371 |
|
Total |
500.000 |
76.371 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from N-4,
Dikshanti Apartment, Near Malav Talav, Near Devas Flats, Jivrajpurak,
Ahmedabad, Gujarat, India, to the present address w.e.f. 31.07.2006.
FIXED ASSETS
·
Building and Improvements
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Software
·
Elevator
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 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. 66.63 |
|
|
1 |
Rs. 100.65 |
|
Euro |
1 |
Rs. 72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.