MIRA INFORM REPORT
|
Report No. : |
353632 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAJDEEP BUILDCON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
''Rajdeep House'', Savedi,
Ahmednagar - 414001, Maharashtra |
|
Tel. No.: |
91-241-2424072 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.08.1997 |
|
|
|
|
Com. Reg. No.: |
11-110101 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.958
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202PN1997PTC110101 |
|
|
|
|
IEC No.: |
3198010217 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR8605D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the Business of Construction of Roads,
Bridges and Industrial Projects. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject based in Ahmednagar (Maharashtra), is the flagship company of
the Rajdeep group, which undertakes industrial and infrastructure construction
projects. The ratings continue to reflect company healthy business profile
marked by a strong order book and proven project execution capabilities. The ratings also takes into account of its comfortable financial risk profile,
marked by moderate gearing and profitability. However, rating strengths is partially offset by
working-capital-intensive operations with high reliance on bank funding, and
average scale of operations with limited track record in executing large and
complex projects. Trade relations are reported as fair. Payment terms are reported to be
usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
December, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
December, 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 (GENERAL DETAILS)
|
Name : |
Mr. Suhas Jagtap |
|
Designation : |
Finance Head |
|
Contact No.: |
91-20-41485131 |
|
Date : |
09.12.2015 |
LOCATIONS
|
Registered Office : |
''Rajdeep House'', Savedi,
Ahmednagar-414001, Maharashtra, India |
|
Tel. No.: |
91-241-2424072 / 2424101 / 2423631 |
|
Fax No.: |
91-241-2425812 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Divisional Office : |
Bungalow No.4, Liberty Society 11, North Main Road, Koregaon, Pune,
Maharashtra, India |
|
Tel. No.: |
91-20-26052700 |
|
Fax No.: |
91-20-26153844 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dilip Popatlal Dhadiwal |
|
Designation : |
Managing director |
|
Address : |
Abhijeet Ganesh Colony, Bhist Baug Road, Savedi. Ahmednagar – 414003,
Maharashtra, India |
|
Date of Birth/Age : |
11.07.1968 |
|
Qualification : |
D.C.E |
|
Experience : |
23 Years |
|
Date of Appointment : |
14.08.1997 |
|
DIN No.: |
00330476 |
|
|
|
|
Name : |
Mr. Rajesh Mannalal Katariya |
|
Designation : |
Whole-time director |
|
Address : |
Pratham Plot No.3, Sr. No.25/2, Bhist Baug Pipe Line Road, Savedi.
Ahmednagar – 414003, Maharashtra, India |
|
Date of Birth/Age : |
25.08.1970 |
|
Date of Appointment : |
14.08.1997 |
|
DIN No.: |
00330662 |
|
|
|
|
Name : |
Mr. Kishor Popatlal Dhadiwal |
|
Designation : |
Director |
|
Address : |
Tushar Plot No.49, Sr. No.9/1A, Opposite Rajdeep House, Savedi.
Ahmednagar – 414003, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1963 |
|
Date of Appointment : |
22.08.1998 |
|
DIN No.: |
00330868 |
KEY EXECUTIVES
|
Name : |
Mr. Suhas Jagtap |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Dilip Popatlal Dhadiwal |
|
37356 |
|
Rajesh Mannalal Katariya |
|
20900 |
|
Kishor Popatlal Dhadiwal |
|
6850 |
|
Sangita Kishor Dhadiwal |
|
4200 |
|
Seema Dilip Dhadiwal |
|
3150 |
|
Savita Rajesh Katariya |
|
1200 |
|
Rajdeep Road Developers Private Limited, India |
|
58790 |
|
|
|
|
|
TOTAL
|
|
132446 |
|
Names of Shareholders (Preferences Shares) |
|
No. of Shares |
|
Rajdeep Road Developers Private Limited, India |
|
87135 |
|
Rajdeep Publicity Private Limited, India |
|
90000 |
|
Rohan Rajdeep Tollways Limited |
|
100000 |
|
|
|
|
|
TOTAL
|
|
277135 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
44.38 |
|
Directors or relatives of Directors |
55.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the Business of Construction of Roads,
Bridges and Industrial Projects. [Registered activity and also confirmed by management] |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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|
|||||||||||||||||||||||||||
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Bankers : |
· Punjab National Bank, Corporate Branch At Bhagwati Tower, R.K. Road, Near Cheema Chowk, Ludhiana - 141003, Punjab, India · Axis Bank Limited, Corporate Banking Branch,214/215, Ganeshkhind Road, Pune - 411007, Maharashtra, India · Bank of Maharashtra, Deccan Gymkhana Branch, JM Road, Deccan Gymkhana, Pune - 411004, Maharashtra, India · Canara Bank, Prime Corporate Branch, M.G. Road, 1st Floor, Red Cross Building, 11, Pune - 411001, Maharashtra, India · ICICI Bank Limited, 'A' Shangrila Gardens, III Floor, Bund Garden Road, Pune - 411001, Maharashtra, India · The United Western Bank Limited, Laxmi Road Branch, Pune - 411030, Maharashtra, India · RBL Bank Limited, Shahupuri, Kolhapur - 416001, Maharashtra, India |
|||||||||||||||||||||||||||
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|
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Facilities : |
|
|
Financial Institutions : |
· Ahmednagar Shahar Sahakari Bank Maryadit, Registered Office : Navi Peth, Ahmednagar, Branch At Man Mad Road, Ahmednagar - 414001, Maharashtra, India · Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India · 3I Infotech Trusteeship Services Limited, 3rd To 6th Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ghaisas and Associates Chartered Accountants |
|
Address : |
A-303 Prerana
Arcade, Opposite Tarakpur Bus Stand, Ahmednagar – 414003, Maharashtra, India |
|
PAN No: |
AAGFG3790B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint venture : |
· Rohan Rajdeep Warora ROB Infrastructure · Rohan Rajdeep Katol Bypass Infrastructure · Rohan Rajdeep Hydro Power Project · Rohan and Rajdeep Infrastructure · Rajdeep Skywalks LLP · Rajdeep Rohan Joint Venture · Rajdeep Publicity Private Limited · Rajdeep Publicity ·
Rajdeep Infrastructure |
|
|
|
|
Associate : |
· Rohan Rajdeep Tollways Limited · Rohan Rajdeep Toll Roads Limited · Rohan Rajdeep Rajasthan Infra Projects Limited · Rohan and Rajdeep Infrastructure Private Limited · Rajdeep Info Techno Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
|
400000 |
Preferences Shares |
Rs.100/- each |
Rs.40.000 Million |
|
|
|
|
|
|
|
TOTAL
|
|
Rs.60.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
132446 |
Equity Shares |
Rs.100/- each |
Rs.13.245
Million |
|
277135 |
Preferences Shares |
Rs.100/- each |
Rs.27.713
Million |
|
|
|
|
|
|
|
TOTAL |
|
Rs.40.958 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.958 |
40.958 |
50.458 |
|
(b) Reserves & Surplus |
1190.547 |
1066.685 |
957.933 |
|
(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) |
1231.505 |
1107.643 |
1008.391 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.859 |
120.357 |
130.144 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
387.395 |
431.677 |
378.717 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
464.254 |
552.034 |
508.861 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
653.288 |
506.941 |
519.969 |
|
(b) Trade
payables |
555.740 |
669.979 |
690.772 |
|
(c) Other
current liabilities |
381.426 |
446.498 |
376.825 |
|
(d) Short-term
provisions |
119.707 |
121.336 |
121.890 |
|
Total Current
Liabilities (4) |
1710.161 |
1744.754 |
1709.456 |
|
|
|
|
|
|
TOTAL |
3405.920 |
3404.431 |
3226.708 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
460.565 |
482.216 |
452.948 |
|
(ii)
Intangible Assets |
18.137 |
19.137 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
21.278 |
|
(b) Non-current Investments |
629.841 |
613.083 |
737.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1108.543 |
1114.436 |
1211.826 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
726.221 |
1105.930 |
939.137 |
|
(c) Trade
receivables |
1166.942 |
779.569 |
747.060 |
|
(d) Cash
and cash equivalents |
113.245 |
118.339 |
88.267 |
|
(e)
Short-term loans and advances |
97.424 |
65.081 |
85.193 |
|
(f) Other
current assets |
193.545 |
221.076 |
155.225 |
|
Total
Current Assets |
2297.377 |
2289.995 |
2014.882 |
|
|
|
|
|
|
TOTAL |
3405.920 |
3404.431 |
3226.708 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4071.548 |
4231.730 |
4060.908 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3805.153 |
3930.457 |
3760.526 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
266.395 |
301.273 |
300.382 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
79.169 |
89.381 |
68.637 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
187.226 |
211.892 |
231.745 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
62.365 |
73.437 |
74.678 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
124.861 |
138.455 |
157.067 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
304.85 |
338.04 |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
61.673 |
89.289 |
75.285 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
187.226 |
211.892 |
385.671 |
|
Net cash flows from (used in) operating activities continuing operations |
107.389 |
206.309 |
292.267 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
6.74 |
7.59 |
9.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.19 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.64 |
0.65 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.31 |
1.18 |
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 |
50.458 |
40.958 |
40.958 |
|
Reserves & Surplus |
957.933 |
1066.685 |
1190.547 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1008.391 |
1107.643 |
1231.505 |
|
|
|
|
|
|
long-term borrowings |
130.144 |
120.357 |
76.859 |
|
Short term borrowings |
519.969 |
506.941 |
653.288 |
|
Current Maturities of Long term debt |
75.285 |
89.289 |
61.673 |
|
Total
borrowings |
725.398 |
716.587 |
791.820 |
|
Debt/Equity
ratio |
0.719 |
0.647 |
0.643 |
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 |
|
Total
Income |
4060.908 |
4231.730 |
4071.548 |
|
|
|
4.206 |
(3.785) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total
Income |
4060.908 |
4231.730 |
4071.548 |
|
Profit |
157.067 |
138.455 |
124.861 |
|
|
3.87% |
3.27% |
3.07% |
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 |
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 |
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 |
FINANCIAL RESULTS:
The company is engaged in the business of construction of roads, bridges and industrial projects. The company has successfully completed various projects. Based on the experience and financial strength gained from these projects, the company has entered, during the past few years, into a few strategic joint ventures for the purpose of executing infrastructure projects. Most of the projects have already started yielding substantial revenues, more specifically described in notes forming parts of accounts.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Term loans from banks |
14.011 |
14.606 |
|
Term loans from others |
21.481 |
2.762 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Term loans from others |
44.500 |
44.405 |
|
|
|
|
|
Total |
79.992 |
61.773 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10595695 |
01/10/2015 |
4,271,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C66629429 |
|
2 |
10595707 |
01/10/2015 |
1,650,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C66632159 |
|
3 |
10597459 |
28/09/2015 |
19,600,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C67470708 |
|
4 |
10601676 |
04/09/2015 |
4,828,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C69689198 |
|
5 |
10598084 |
03/09/2015 |
6,814,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C67846329 |
|
6 |
10565474 |
29/01/2015 |
1,345,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C51425668 |
|
7 |
10535814 |
03/12/2014 |
940,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C36498129 |
|
8 |
10560936 |
11/11/2014 |
1,200,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C49642895 |
|
9 |
10529697 |
08/11/2014 |
1,287,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C32652166 |
|
10 |
10526879 |
10/02/2015 * |
110,000,000.00 |
PUNJAB NATIONAL BANK |
CORPORATE BRANCH AT BHAGWATI TOWER,R.K.ROAD, NEAR CHEEMA CHOWK, LUDHIANA, PUNJAB - 141003, INDIA |
C44660223 |
|
11 |
10526881 |
10/02/2015 * |
500,000,000.00 |
PUNJAB NATIONAL BANK |
CORPORATE BRANCH AT BHAGWATI TOWER,R.K.ROAD, NEAR CHEEMA CHOWK, LUDHIANA, PUNJAB - 141003, INDIA |
C44741288 |
|
12 |
10518070 |
08/08/2014 |
3,058,335.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C19201268 |
|
13 |
10516865 |
10/02/2015 * |
320,000,000.00 |
RBL BANK LIMITED |
SHAHUPURI,KOLHAPUR,KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C45369089 |
|
14 |
10518064 |
02/08/2014 |
3,508,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C19199439 |
|
15 |
10518066 |
02/08/2014 |
7,695,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C19199975 |
|
16 |
10513501 |
10/02/2015 * |
570,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH,214/215, GANESHKHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
C45366119 |
|
17 |
10505695 |
26/06/2014 |
1,625,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C09018821 |
|
18 |
10504296 |
17/06/2014 |
13,375,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C07404395 |
|
19 |
10445379 |
05/08/2013 |
40,000,000.00 |
BANK OF MAHARASHTRA |
DECCAN GYMKHANA BRANCH, JM ROAD,DECCAN GYMKHANA, PUNE, MAHARASHTRA - 411004, INDIA |
B83201301 |
|
20 |
10416550 |
16/03/2013 |
47,500,000.00 |
AHMEDNAGAR SHAHAR SAHAKARI BANK MARYADIT |
REGD.OFFICE : NAVI PETH,AHMEDNAGAR, BRANCH AT MAN MAD ROAD, AHMEDNAGAR, MAHARASHTRA - 414001, INDIA |
B71927073 |
|
21 |
10403616 |
13/02/2013 |
4,833,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B68390376 |
|
22 |
10401347 |
01/02/2013 |
1,474,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B67392860 |
|
23 |
10329262 |
10/02/2015 * |
385,000,000.00 |
RBL BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C45369634 |
|
24 |
10329700 |
22/11/2011 |
960,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B29867991 |
|
25 |
10329702 |
22/11/2011 |
1,087,500.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B29868650 |
|
26 |
10204703 |
26/03/2013 * |
500,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH,M.G.ROAD,1ST FLOOR, RED CROSS BUILDING, 11, PUNE, MAHARASHTRA - 411001, INDIA |
B72534498 |
|
27 |
10158049 |
24/06/2015 * |
835,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH,214-215,CITY MALL,2ND, FLOOR,PLOT NO.1,S.NO.132,GANESHKHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
C58521626 |
|
28 |
10082363 |
26/03/2013 * |
1,000,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
B71551584 |
|
29 |
90092798 |
01/02/2007 * |
235,000,000.00 |
ICICI BANK LIMITED |
'A' SHANGRILA GARDENS,, III FLOOR, BUND GARDEN ROAD,, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
30 |
80052840 |
27/01/2000 |
796,308.00 |
THE UNITED WESTERN BANK LIMITED |
LAXMI ROAD BRANCH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land and Building
·
Plant and Machinery
·
Centering Material
·
Vehicles
·
Computers
·
Furniture and Fixtures
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.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.