MIRA INFORM REPORT
|
Report No. : |
354465 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RBL BANK LIMITED (w.e.f. 24.11.2014) |
|
|
|
|
Formerly Known
As : |
THE RATNAKAR BANK LIMITED |
|
|
|
|
Registered
Office : |
1st Lane, Shahupuri, Kolhapur – 416001, Maharashtra |
|
Tel. No.: |
91-231-2656831/ 2653006 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
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|
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Date of
Incorporation : |
14.06.1943 |
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|
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Com. Reg. No.: |
11-007308 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 2934.496 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65191PN1943PLC007308 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPT01764A/ MUMT09278D/ KLPT01905B/ KLPT01845E/ KLPT01800B/
KLPT01797F/ KLPT01864C/ KLPT081858D/ PNET08057A/ PNET07964F/ MUMT09900C/
PNET03925F/ KLPT01783F/ MUMT03234A/ KLPT01940B/ KLPT01924G |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCT3335M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in providing a wide range of banking and financial
services including commercial banking, retail banking, agri and financial
inclusion, treasury operations and other banking related activities.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Established in 1943, RBL Bank is an old, well-established and reputed
bank having fine track record. The bank offers specialized services under five business verticals
namely: Corporate and Institutional Banking, Commercial Banking, Retail, Agri
and Development Banking and Financial Markets. The rating takes into consideration bank’s long and established track
record, supported experienced senior management team, diversifying revenue
sources, wide banking netwroks and comfortable capitalization level. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The bank can be considered good for normal 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 |
ICRA |
|
Rating |
Long Term Bank Facilities=AA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
05.08.2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Bank Facilities=A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
05.08.2015 |
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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-231-2650981)
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-231-2656831/ 2653006 |
|
Fax No.: |
91-231-2653658 |
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E-Mail : |
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Website : |
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Administrative Office : |
Mahavir, 179/E Ward, Shri Shahu Market Yard, |
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Tel. No.: |
91-231-2650981 to 984/ 6650214 |
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Fax No.: |
91-231-2657386 |
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|
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Corporate Office : |
One Indiabulls Center, Tower 2B, 6th Floor, 841, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-43020600 |
|
Fax No.: |
91-22-43020520 |
|
|
|
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Branch: |
Located
at:
|
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Vishwavir Ahuja |
|
Designation : |
Managing Director |
|
Address : |
191, Silver Arch, 66 Nepean Sea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
11.12.1959 |
|
Date of Appointment : |
23.02.2010 |
|
DIN No.: |
00074994 |
|
|
|
|
Name : |
Mr. Vimal Bhandari |
|
Designation : |
Director |
|
Address : |
Flat No. 164, 16th Floor, Tower A, Kalpataru Horizon, S K Ahire Marg, Worli, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
23.08.1958 |
|
Date of Appointment : |
14.09.2010 |
|
DIN No.: |
00001318 |
|
|
|
|
Name : |
Mr. Palepu Sudhir Rao |
|
Designation : |
Director |
|
Address : |
12 F, Regalia, No.3, Sardar Patel Road, Taramani, Chennai - 600113, Tamilnadu, India |
|
Date of Birth/Age : |
15.04.1961 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
00018213 |
|
|
|
|
Name : |
Mr. Jairaj Manohar Purandare |
|
Designation : |
Director |
|
Address : |
Flat No. 1, Lalit, Sneha Mandal CHSL Limited, 37 Nathalal Parekh Marg, Wodehouse Road, Mumbai - 400001, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1959 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
00159886 |
|
|
|
|
Name : |
Mr. Narayan Ramachandran |
|
Designation : |
Director |
|
Address : |
D-51, Sobha Ivory 2, 7/I, St. Johns Road, Ulsoor, Bangalore - 560042, Karnataka, India |
|
Date of Birth/Age : |
14.09.1962 |
|
Date of Appointment : |
20.05.2010 |
|
DIN No.: |
01873080 |
|
|
|
|
Name : |
Mr. Girish Vasant Godbole |
|
Designation : |
Director |
|
Address : |
D1-203 Kunal Icon, Saudagar Pimple Aundh, Pune - 411027, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1955 |
|
Date of Appointment : |
23.02.2010 |
|
DIN No.: |
02960113 |
|
|
|
|
Name : |
Mr. Sivanandhan Dhanushkodi |
|
Designation : |
Director |
|
Address : |
1803, B Wing, Ashoka Towers, Ambedkar Road, Parel, Mumbai - 400012, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1951 |
|
Date of Appointment : |
18.12.2012 |
|
DIN No.: |
03607203 |
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|
|
|
Name : |
Mr. Rama Bijapurkar |
|
Designation : |
Director |
|
Address : |
8,C-D, Mona Apartments, 46F, Bhulabhai Desai Road, Mumkai, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1957 |
|
Date of Appointment : |
27.03.2014 |
|
DIN No.: |
00001835 |
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|
|
|
Name : |
Mr. Rajesh Kumar |
|
Designation : |
Nominee Director |
|
Address : |
4, Bank House, Near Mantralaya, 156, Backbay Reclamation, Mumbai - 400020, Maharashtra, India |
|
Date of Appointment : |
06.04.2015 |
|
DIN No.: |
07150687 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Shrikant Karia |
|
Designation : |
Chief Financial Officer |
|
Address : |
Near E.S.I.S. Hospital, 402 Mahavir Tower, L.B.S. Marg, Mulund West, Mumbai - 400080, Maharashtra, India |
|
Date of Appointment : |
19.05.2014 |
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PAN No.: |
ABLPK4763G |
|
|
|
|
Name : |
Mr. Vinay Prakash Tripathi |
|
Designation : |
Secretary |
|
Address : |
902, Jay Ganesh, Plot No 20, Sector 35I, Owe, Kharghar, Navi Mumbai - 410210, Maharashtra, India |
|
Date of Appointment : |
24.03.2014 |
|
PAN No.: |
AEIPT7780G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHAREHOLDERS DETAILS FILE ATTACHED
As on 26.08.2014
|
Category |
Percentage |
|
Mutual Funds |
3.32 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
46.80 |
|
Bodies corporate |
17.63 |
|
Directors or relatives of Directors |
5.07 |
|
Other top fifty shareholders |
7.00 |
|
Others |
20.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing a wide range of banking and financial services
including commercial banking, retail banking, agri and financial inclusion,
treasury operations and other banking related activities. (Registered
Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S. R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (W),
Mumbai – 400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9180N |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
After 09.07.2015
Authorised Capital : Rs.4000.000 Million
Authorised Capital : Rs.3064.246 Million
As on 09.07.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Equity Shares |
Rs.10/- each |
Rs.4000.000 Million |
|
|
|
|
|
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
293449630 |
Equity Shares |
Rs.10/- each |
Rs.2934.496
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
CAPITAL AND
LIABILITIES |
|
|
|
|
1] Capital |
2934.496 |
2720.402 |
2529.247 |
|
2] Share Application Money |
0.000 |
1295.024 |
0.000 |
|
3] Reserves & Surplus |
19369.770 |
16132.172 |
13538.214 |
|
4] Deposits |
170992.508 |
115986.021 |
83405.186 |
|
5] Borrowings |
69626.975 |
38955.438 |
27373.491 |
|
6] Other Liabilities and Provision |
8122.969 |
6892.271 |
2787.483 |
|
|
|
|
|
|
TOTAL |
271046.718 |
181981.328 |
129633.621 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Cash and Balances With Reserve Bank of |
14556.776 |
9807.335 |
2908.405 |
|
Balances With Banks and Money at Call and Short Notice |
7146.552 |
2115.155 |
3977.427 |
|
Investment |
98256.842 |
65180.386 |
55714.205 |
|
Advances |
144498.255 |
98350.473 |
63762.120 |
|
Fixed Assets |
1644.385 |
1343.485 |
942.624 |
|
Other Assets |
4943.908 |
5184.494 |
2328.840 |
|
|
|
|
|
|
TOTAL |
271046.718 |
181981.328 |
129633.621 |
|
|
|
|
|
|
Contingent Liabilities |
219702.071 |
120748.462 |
6348 1.6 81 |
|
Bills for Collection |
5135.065 |
2004.239 |
1 4.911 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
INCOME |
|
|
|
|
|
|
|
Interest Earned |
19530.865 |
13516.153 |
8793.209 |
|
|
|
Other Income |
4034.067 |
2609.715 |
1264.381 |
|
|
|
TOTAL (A) |
23564.932 |
16125.868 |
10057.590 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Interest Expanded |
13967.218 |
10099.892 |
6217.734 |
|
|
|
Operating Expenses |
5996.507 |
4239.032 |
2272.961 |
|
|
|
Provision and Contingencies |
1529.465 |
860.245 |
642.207 |
|
|
|
TOTAL (B) |
21493.190 |
15199.169 |
9132.902 |
|
|
|
|
|
|
|
|
Less |
NET
PROFIT/(LOSS) FOR THE YEAR |
2071.742 |
926.699 |
924.688 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.759 |
2.179 |
0.589 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
2084.501 |
928.878 |
925.277 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Statutory Reserve |
518.000 |
240.000 |
240.000 |
|
|
|
Transfer to Capital Reserve |
24.600 |
18.521 |
20.436 |
|
|
|
Transfer to Revenue and Other Reserves |
1050.000 |
370.000 |
485.000 |
|
|
|
Transfer to Investment Reserve |
10.300 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
366.747 |
245.821 |
151.871 |
|
|
|
Tax on Dividend |
71.689 |
41.777 |
25.791 |
|
|
Balance carried to the b/s |
43.165 |
12.759 |
2.179 |
|
|
|
|
2084.501 |
928.878 |
925.277 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
7.23 |
3.63 |
4.19 |
|
|
|
Diluted |
7.00 |
3.61 |
4.16 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(22605.144) |
(9220.319) |
(2329.924) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.61 |
6.86 |
10.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.76 |
0.51 |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.05 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.12 |
1.93 |
1.70 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Capital |
2529.247 |
2720.402 |
2934.496 |
|
Reserves & Surplus |
13538.214 |
16132.172 |
19369.770 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
1295.024 |
0.000 |
|
Net
worth |
16067.461 |
20147.598 |
22304.266 |
|
|
|
|
|
|
Borrowings |
27373.491 |
38955.438 |
69626.975 |
|
Total
borrowings |
27373.491 |
38955.438 |
69626.975 |
|
Debt/Equity
ratio |
1.704 |
1.934 |
3.122 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Interest Earned |
8793.209 |
13516.153 |
19530.865 |
|
|
|
53.711 |
44.500 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Interest Earned |
8793.209 |
13516.153 |
19530.865 |
|
Profit |
924.688 |
926.699 |
2071.742 |
|
|
10.52% |
6.86% |
10.61% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date :- 22/04/2014 |
|
Lodging No: NMAL/932/2014 Filing Date: 22/04/2014 |
|
Lodging No: APPL/146/2014 Main Matter Reg No.:- APP/137/2014 |
|
Petitioner:- GLODYNE
TECHNOSERVE LIMITED Respondent:- CANARA BANK AND
RATNAKAR BANK
Resp. Adv.:- M/S.
K. ASHAR AND CO. (APPLICANT) (170) District :- MUMBAI |
|
Bench :- DIVISION
Category:- NOTICE OF MOTION (APPEAL) Status:- Pre-Admission
Last Date:- 16/09/2014
Stage: FOR ORDERS [ORIGINAL SIDE MATTERS] Last Coram:- HON’BLE SHRI JUSTICE S.J. VAZIFDAR HON’BLE SMT. JUSTICE R.P. MOHITE-DERE |
|
Act:- Companies Act and
Rules 1956 |
BACKGROUND:
RBL Bank Limited (formerly The Ratnakar Bank Limited), incorporated in
Kolhapur, India is a banking company governed by the Banking Regulation Act,
1949 with Reserve Bank of India (‘RBI’) as the principle regulator. The Bank is
engaged in providing a wide range of banking and financial services including
commercial banking, retail banking, agri and financial inclusion, treasury
operations and other banking related activities.
MANAGEMENT
DISCUSSION AND ANALYSIS
ECONOMIC OVERVIEW
Global Economy
Outlook
The International Monetary Fund (IMF) has forecasted the global economy to expand at a rate of 3.5% this year and at 3.8% in 2016, terming global growth prospects as moderate and uneven in its April 2015 World Economic Outlook (WEO) report. The growth in advanced economies, aided by fall in oil prices, is projected to strengthen to 2.4% in 2015 relative to 1.8% in 2014, but in emerging market and developingeconomies it is expected to be weaker.
The IMF projects growth in the United States to transcend 3.1% in 2015-16. The growth will be driven by domestic demand assisted by lower oil prices, more moderate fiscal adjustment, and continued support from an accommodative monetary policy stance, despite the projected gradual rise in interest rates and some drag on net exports from the recent U.S. dollar (USD) appreciation. There are some green shoots visible in the euro zone supported by lower oil prices, low interest rates, and a weaker euro. In Japan, a weaker Yen and lower oil prices are expected to provide a lead for growth and expansion after a disappointing 2014.
For emerging and developing economies (with the important exception of India), the IMF has projected a weaker pace of growth from 4.6% in 2014 to 4.3% in 2015. This signifies an array of aspects:
Indian Economy
Outlook
The Indian economy, after a prolonged period of sluggishness, has emerged from its low paced growth shell. The economy has regained its growth momentum driven by a robust Gross Domestic Product (GDP) growth, improved Foreign Direct Investment (FDI) inflows and pro-growtheconomic reforms, such as hike in FDI cap in defence and Strong macroeconomic factors such as lower twin deficits i.e., fiscal deficit and Current Account Deficit (CAD) and benign inflation have lent a renewed business confidence in the Indian economy. The Reserve Bank of India (RBI) has echoed this sentiment by maintaining accommodative monetary stance as it cut the benchmark repo-rate by 25 basis points (0.25%), from 7.75% to 7.5% in March 2015 and a further 25 basis points rate cut from 7.5% to 7.25% in June, 2015 Similarly, global rating agency, Moody’s ratings revised India’s sovereign rating outlook from “stable” to “positive” in April 2015.
The policy initiatives to address structural bottlenecks, an accommodative monetary policy stance and increased fiscal devolution to states lent a robust outlook for the Indian economy. The slump in international prices of crude oil facilitated by benign inflation will provide further impetus to growth.
However, there are few risks on the external front: renewed financial market volatility in response to the U.S. Federal Reserve interest rate hike expected later this year; likely Greek contagion, geopolitical state of affairs resulting in a spike in oil prices and a persistent slowdown in the international trade environment
BANKING SECTOR
OVERVIEW
Overview
According to the Reserve Bank of India (RBI), the bankingsector in India is sound, adequately capitalised and wellregulated, although the credit quality concerns have not abated yet. Indian financial and economic conditions are much better than in many other countries of the world. Credit, market and liquidity risk studies show that Indian banks are generally resilient and have withstood the global downturn well. According to Standard & Poor’s estimates, credit growth in India’s banking sector would improve to 12- 13% in FY16 from less than 10% in the second half of FY14. The banking industry expects that 2015 will bring better growth prospects.
INDEX
OF CHARGES
No Charges Exist for Company
CONTINGENT
LIABILITIES:
(Rs. in million)
|
Particular |
31.03.2015 (Rs. In Million) |
31.03.2014 (Rs. In Million) |
|
1. Claims against the Bank not acknowledged as debts |
43.393 |
18.955 |
|
2. Liability for Partly Paid Investment |
76.000 |
8.500 |
|
3. Liability on Account of Outstanding forward Exchange contracts |
82961.878 |
54131.435 |
|
4. Liability on Account Of Outstanding derivative contracts |
|
|
|
i) Interest Rate Swaps |
58210.105 |
30000.000 |
|
ii) Cross Currency Swaps |
2153.656 |
747.528 |
|
iii) Currency Options |
25934.874 |
9256.735 |
|
5. Guarantees given on behalf of constituents |
|
|
|
(i) In India |
20637.965 |
9401.907 |
|
(ii) Outside India |
16304.320 |
7572.303 |
|
6. Acceptances, Endorsements and other Obligations |
13100.255 |
6249.588 |
|
7. Other items for which the Bank is contingently liable |
|
|
|
a) Income tax and other matters (under appeal) |
66.188 |
61.384 |
|
b) Others |
213.437 |
3300.127 |
|
Total |
219702.071 |
120748.462 |
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.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
72 |
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.