MIRA INFORM REPORT
|
Report No. : |
353757 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SKYWAY RMC PLANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
217, Kartik Complex, New Link Road, Andheri West, Mumbai –
400053, Maharashtra |
|
Tel. No.: |
91-22-61232500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.04.2009 |
|
|
|
|
Com. Reg. No.: |
11-191493 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74990MH2009PTC191493 |
|
|
|
|
IEC No.: |
0309056276 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS63218B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMCS9233Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and supplier of RMC (Ready Mix Concrete). [From Indirect Sources] |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was established in the year 2009 and it was incorporated by taking
over business of partnership firm – Skyway RMC Plants, which was setup in
2005. The company is engaged in the manufacturing of ready mix concrete. For the financial year ended 2014, company possesses healthy
operational performance and it has maintained average profitability margin at
1.81% during the year under review. Rating takes into consideration established regional market position
in ready-mix concrete industry supported by its above-average financial risk profile
along with sound net worth base and satisfactory debt coverage indicators. Rating strength is partially offset by geographical concentration in
the revenues backed by its exposure to cyclicality in end user industry and
working capital intensive operations. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, 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 |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
August 31, 2015 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
August 31, 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Rupesh Sandhati |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-61232500 |
|
Date : |
09.12.2015 |
LOCATIONS
|
Registered Office : |
217, Karthik Complex, New Link Road, Andheri West, Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-42480000 |
|
Fax No.: |
91-22-22868326 |
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E-Mail : |
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|
Website : |
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|
Area : |
600 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
B 118, Durian Estate, Goregaon – Mulund Link Road, Near
Western Express Highway, Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-61232500 |
|
|
|
|
Corporate Office : |
601, 6th Floor, A-Wing, Times Square, Andheri-Kurla Road, Opposite Mittal Industrial Estate, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Location : |
Rented |
|
|
|
|
Factory : |
Opposite Seepz Gate No.3, Near Reliance Energy, Jogesh - 400060,
Maharashtra, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Rashmeet Singh Kohli |
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|
Designation : |
Director |
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|
Address : |
A-101, Aster Tower, Vasant Valley II, Film City Road, Malad (East),
Mumbai – 400097, Maharashtra, India |
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|
Date of Birth/Age : |
18.10.1982 |
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Date of Appointment : |
03.04.2009 |
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PAN No.: |
ALGPK5862K |
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DIN No.: |
02457874 |
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Other Directorship:
|
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|
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|
Name : |
Mr. Kelvin Singh Kohli |
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|
Designation : |
Director |
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|
Address : |
161, Amberkar Road, Gokul Park (Wasai), Thane MS, Thane – 401202,
Maharashtra, India |
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|
Date of Birth/Age : |
25.05.1980 |
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Date of Appointment : |
03.04.2009 |
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PAN No.: |
AFDPK2497M |
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DIN No.: |
02464472 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Rupesh Sandhati |
|
Designation : |
Accounts and Finance Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Balvinder Singh Harbans Singh Kohli |
5940800 |
54.01 |
|
Ranbir Singh Prith Pal Singh Suri |
2725000 |
24.77 |
|
Kelvin Singh Kohli |
1092700 |
9.93 |
|
Rashmeet Singh Kohli |
1241500 |
11.29 |
|
Total |
11000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and supplier of RMC (Ready Mix Concrete). [From Indirect Sources] |
|
|
|
|
Products : |
RMC (Ready Mix
Concrete). |
|
|
|
|
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 : |
Information declined by the management
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Bankers : |
ICICI Bank Limited |
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Facilities : |
(Rs. In Million)
|
|
Financial Institution : |
ECL Finance Limited, Adelweiss House, Off C.S.T. Road, Kalina, Mumbai
– 400098, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
Mr. Manoj K Shah and Associates Chartered Accountant |
|
Address : |
805, Heritage Building, Kandarpada, Dahisar West, Mumbai – 400068,
Maharashtra, India |
|
PAN No.: |
AAAPN4055A |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital: Rs. 200.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 126.000
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 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 |
110.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
450.676 |
204.102 |
152.058 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
200.000 |
150.000 |
|
Total
Shareholders’ Funds (1) + (2) |
560.676 |
504.102 |
402.058 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
477.667 |
472.590 |
114.539 |
|
(b) Deferred tax liabilities (Net) |
39.180 |
28.894 |
16.992 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
329.941 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
516.847 |
501.484 |
461.472 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
765.682 |
524.468 |
367.491 |
|
(b) Trade
payables |
225.935 |
281.906 |
0.000 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
100.690 |
|
(d) Short-term
provisions |
50.789 |
38.616 |
60.185 |
|
Total Current
Liabilities (4) |
1,042.406 |
844.990 |
528.366 |
|
|
|
|
|
|
TOTAL |
2,119.929 |
1,850.576 |
1,391.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
634.354 |
654.776 |
497.517 |
|
(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 |
54.634 |
52.441 |
52.441 |
|
(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 |
0.043 |
0.087 |
|
Total Non-Current
Assets |
688.988 |
707.260 |
550.045 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
178.545 |
121.192 |
88.965 |
|
(c) Trade
receivables |
1,161.139 |
897.236 |
0.000 |
|
(d) Cash
and cash equivalents |
19.893 |
34.466 |
28.388 |
|
(e)
Short-term loans and advances |
27.859 |
32.594 |
85.091 |
|
(f) Other
current assets |
43.505 |
57.828 |
639.407 |
|
Total
Current Assets |
1,430.941 |
1,143.316 |
841.851 |
|
|
|
|
|
|
TOTAL |
2,119.929 |
1,850.576 |
1,391.896 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3,119.593 |
2,617.306 |
2,096.870 |
|
|
|
Other Income |
3.093 |
2.324 |
1.977 |
|
|
|
TOTAL (A) |
3,122.686 |
2,619.630 |
2,098.847 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2,697.477 |
2,207.577 |
|
|
|
|
Purchase of Stock-in-trade |
80.205 |
72.772 |
|
|
|
|
Other Expenses |
96.549 |
108.745 |
|
|
|
|
TOTAL (B) |
2,874.231 |
2,389.094 |
1,938.403 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
248.455 |
230.536 |
160.444 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
135.016 |
103.528 |
69.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
113.439 |
127.008 |
90.802 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
29.296 |
44.102 |
43.833 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
84.143 |
82.906 |
46.969 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
27.569 |
30.862 |
17.061 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
56.574 |
52.044 |
29.908 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
112.345 |
60.301 |
30.393 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
168.919 |
112.345 |
60.301 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.14 |
3.52 |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.81 |
1.99 |
1.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.96 |
8.81 |
7.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.07 |
4.61 |
3.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.16 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.83 |
1.60 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.35 |
1.59 |
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 |
100.000 |
100.000 |
110.000 |
|
Reserves & Surplus |
152.058 |
204.102 |
450.676 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.150 |
0.200 |
0.000 |
|
Net
worth |
252.208 |
304.302 |
560.676 |
|
|
|
|
|
|
long-term borrowings |
114.539 |
472.590 |
477.667 |
|
Short term borrowings |
367.491 |
524.468 |
765.682 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
482.030 |
997.058 |
1243.349 |
|
Debt/Equity
ratio |
1.911 |
3.277 |
2.218 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
2,096.870 |
2,617.306 |
3,119.593 |
|
|
|
24.820 |
19.191 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
2,096.870 |
2,617.306 |
3,119.593 |
|
Profit |
29.908 |
52.044 |
56.574 |
|
|
1.43% |
1.99% |
1.81% |
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 |
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances, others |
218.731 |
190.890 |
|
|
|
|
|
Total |
218.731 |
190.890 |
|
|
|
|
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10526371 |
14/10/2014 |
13,875,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
C30022479 |
|
2 |
10525198 |
26/06/2014 |
6,900,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C28937225 |
|
3 |
10503772 |
05/06/2014 |
6,900,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
C07057847 |
|
4 |
10483362 |
12/03/2014 |
75,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B98809031 |
|
5 |
10486597 |
27/02/2014 |
7,000,000.00 |
RELIANCE CAPITAL LTD |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
C01057413 |
|
6 |
10479358 |
12/03/2014 * |
325,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B98761521 |
|
7 |
10486788 |
12/02/2014 |
44,800,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
C01125285 |
|
8 |
10484106 |
31/01/2014 |
6,300,000.00 |
HDB Financial Services Limited |
Radhika, 2nd Floor, Law Garden Road,,Navrangpura,, Ahmedabad, Gujarat - 380009, India |
C00158790 |
|
9 |
10459422 |
30/09/2013 |
8,000,000.00 |
Reliance Capital Ltd |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra -40070, India |
B89207690 |
|
10 |
10455947 |
27/09/2013 |
200,000,000.00 |
Union Bank Of India |
Mid-Corporate Branch, Borivali (East) Branch, 7th Carter Road Behind Sanjog Hotel, Borivali (East), Mumbai, Maharashtra - 400066, India |
B87912747 |
|
11 |
10488562 |
25/09/2013 |
200,000,000.00 |
Union Bank Of India |
Mid-Corporate Branch, Borivali (East) Branch, 7th Carter Road Behind Sanjog Hotel, Borivali (East), Mumbai, Maharashtra - 400066, India |
C02541175 |
|
12 |
10444418 |
29/06/2013 |
15,640,000.00 |
HDB Financial Services Limited |
Radhika, 2nd Floor, Law Garden Road,,Navrangpura,, Ahmedabad, Gujarat - 380009, India |
B82784489 |
|
13 |
10435344 |
30/05/2013 |
8,752,000.00 |
Reliance Capital Ltd |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra -40070, India |
B78969946 |
|
14 |
10431486 |
30/04/2013 |
9,750,000.00 |
ING VYSYA BANK LIMITED |
22, M G Road,Bangalore, Bangalore, Karnataka - 560001, India |
B77259588 |
|
15 |
10418583 |
20/02/2014 * |
404,356,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W Mumbai, Maharashtra - 400013, India |
C23207475 |
|
16 |
10401729 |
15/01/2013 |
105,000,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B67548933 |
|
17 |
10400131 |
08/01/2013 |
3,094,000.00 |
ING Vysya Bank Limited |
22, M G Road, Bangalore, Bangalore, Karnataka - 560001, India |
B66952094 |
|
18 |
10402214 |
29/12/2012 |
11,048,000.00 |
Reliance Capital Ltd |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra -40070, India |
B67790931 |
|
19 |
10358452 |
18/05/2012 |
3,003,000.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B40737470 |
|
20 |
10358453 |
18/05/2012 |
7,942,278.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B40738270 |
|
21 |
10349651 |
18/04/2012 |
5,200,000.00 |
Bajaj Finance Limited |
Akurdi Pune-, Pune, Maharashtra - 411035, India |
B37571932 |
|
22 |
10337508 |
27/01/2012 |
15,470,000.00 |
L & T Finance Limited |
L&T
House,, Ballard Estate, Mumbai, Maharashtra |
B32929267 |
|
23 |
10329452 |
05/01/2012 |
1,721,250.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B29784659 |
|
24 |
10329443 |
05/01/2012 |
3,974,838.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B29782547 |
|
25 |
10337263 |
02/01/2012 |
6,750,360.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B32833873 |
|
26 |
10337268 |
02/01/2012 |
6,750,360.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B32834814 |
|
27 |
10333535 |
20/12/2011 |
2,177,272.00 |
Sundaram Finance Limited |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
B31230451 |
|
28 |
10316907 |
15/11/2011 |
21,200,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India |
B25033606 |
|
29 |
10300799 |
28/07/2011 |
2,638,025.00 |
Bajaj Finance Limited |
Akurdi Pune-, Pune, Maharashtra - 411035, India |
B18272526 |
|
30 |
10297914 |
23/06/2011 |
641,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B17101346 |
|
31 |
10297584 |
23/06/2011 |
910,500.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B16988198 |
|
32 |
10297518 |
23/06/2011 |
2,448,500.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B16959116 |
|
33 |
10297904 |
23/06/2011 |
2,605,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B17099888 |
|
34 |
10297598 |
23/06/2011 |
3,492,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B16995326 |
|
35 |
10297528 |
23/06/2011 |
5,695,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B16963597 |
|
36 |
10297919 |
23/06/2011 |
8,885,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B17102393 |
|
37 |
10296823 |
20/02/2014 * |
329,356,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B97917066 |
|
38 |
10287363 |
06/05/2011 |
6,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B13076369 |
|
39 |
10284924 |
31/03/2011 |
1,012,440.00 |
Sundaram Finance Limited |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
B11895406 |
|
40 |
10283588 |
30/03/2011 |
2,106,180.00 |
Sundaram Finance Limited |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
B11516192 |
|
41 |
10273290 |
28/02/2011 |
1,362,000.00 |
Dhanlaxmi Bank Limited |
Dhanalakshmi Bank Buildingnaickanal, Naickanal, Trichur, Kerala - 680001, India |
B07566573 |
|
42 |
10268600 |
31/01/2011 |
5,568,790.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B05840459 |
|
43 |
10259955 |
15/11/2010 |
1,350,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
B02504199 |
|
44 |
10249730 |
15/09/2010 |
1,800,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
A97494470 |
|
45 |
10249733 |
15/09/2010 |
3,797,077.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
A97495139 |
|
46 |
10238056 |
31/07/2010 |
320,500.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A93586691 |
|
47 |
10238061 |
30/07/2010 |
6,700,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A93594950 |
|
48 |
10238057 |
17/07/2010 |
595,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A93588150 |
|
49 |
10294679 |
28/06/2010 |
2,185,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
A93585263 |
|
50 |
10221079 |
22/03/2010 |
1,084,232.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
A85392983 |
|
51 |
10221096 |
22/03/2010 |
1,084,232.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
A85411635 |
|
52 |
10206762 |
22/02/2010 |
3,420,000.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
A81066821 |
|
53 |
10181510 |
25/08/2009 |
6,137,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A71323687 |
|
54 |
10163770 |
12/06/2009 |
38,446,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A64473580 |
|
51 |
10221096 |
22/03/2010 |
1,084,232.00 |
SREI Equipment Finance Private Limited |
'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India |
A85411635 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 |
|
UK Pound |
1 |
Rs. 101.10 |
|
Euro |
1 |
Rs. 73.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.