MIRA INFORM REPORT
|
Report No. : |
356287 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TATA CONSULTING ENGINEERS LIMITED (w.e.f.18.01.2010) |
|
|
|
|
Formerly Known
As : |
TCE CONSULTING ENGINEERS LIMITED |
|
|
|
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Registered
Office : |
Matulya Centre, 1st Floor, A-249, S B Marg, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra |
|
Tel. No.: |
91-22-66624743 |
|
|
|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of Incorporation
: |
10.12.1999 |
|
|
|
|
Com. Reg. No.: |
11-123010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1999PLC123010 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT06732F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT0772E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business
of providing engineering consultancy services. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
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 : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “Tata Sons Limited”. It is engaged in
providing construction engineering services. Its service include pre-project activities,
design engineering, procurement assistance, project management and
co-ordination, inspection and expediting construction supervision,
commissioning support etc. For the financial year ended 2014, company has reported 12% revenue
growth as compared to previous year revenue and it has maintain decent
profitability margins at 10.21% during the year under review. Rating takes into account of company’s well diversified presence
spanning over five decades in providing engineering consultancy services
across various sectors such as power, infrastructure and manufacturing
resulting in healthy order book position and lending visibility to future
revenue receipts. The company’s financial profile remains comfortable as reflected in
comfortable profitability indicators and strong capital structure. Ratings also to reflect the strong parentage of the company by virtue
of being a wholly owned subsidiary of Tata Sons Limited this providing
sufficient financial flexibility. Further, the company’s has strong client profile which includes
reputed public sector companies, funding agencies, and private sector
companies. The company’s working capital intensity remained high accentuated by
the economic slowdown. Additionally, the company continues to face intense
competition in the domestic markets from established local, multinational and
boutique firms. However, the company’s strong technical expertise, pan India presence
along with presence in niche segments and its relatively higher margin
overseas business has helped counter pricing pressure arising as a result of
increased competition. Trade relations are reported as fair. Payments are reported to be
regular and as per commitments. In view of aforesaid, the company can be regarded as promising
business partner for medium to long term business dealings at usual trade
terms and conditions. Note: As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but the documents related to the
financial for the year 31.03.2015 are not available from any source. |
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 |
AA (Long Term Loans) |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
October 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ (Non-Fund Based Limits) |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
October 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-co-operative (91-22-61148181)
LOCATIONS
|
Registered Office : |
Matulya Centre, 1st Floor, A-249, S B Marg, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66624743 |
|
Fax No.: |
91-22-66624723/ 66624768 |
|
E-Mail : |
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|
Website : |
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Corporate Office : |
4th Floor, Tower A, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-61148181 |
|
Fax No.: |
91-22-61148282 |
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|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Prasad Raghava Menon |
|
Designation : |
Director |
|
Address : |
50-F, Lovedale Peddar Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
23.01.1946 |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
01.02.2011 |
|
DIN No.: |
00005078 |
|
|
|
|
Name : |
Mr. Chandrashekhar Bhaskar Bhave |
|
Designation : |
Additional Director |
|
Address : |
64 Tower 4, Pebble Bay,1st Main Rmv 2nd Stage,, Dollars Colony, Bangalore, 560094, Karnataka, India |
|
Date of Appointment : |
26.08.2015 |
|
DIN No.: |
00059856 |
|
|
|
|
Name : |
Padmanabhan Sankaranarayanan |
|
Designation : |
Director |
|
Address : |
132, Apsara NCPA Apartments, D Tara Road, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1958 |
|
Qualification: |
BE, PGDM IIM (bangalore) |
|
Date of Appointment : |
16.07.2013 |
|
DIN No.: |
00306299 |
|
|
|
|
Name : |
Ms. Neera Saggi |
|
Designation : |
Director |
|
Address : |
Flat No.1002,Atlantis Bldg,Raheja Acropolis-I Chsl, Deonarpada Road, Deonar Village, Chembur,, Mumbai, 400088, Maharashtra, India |
|
Date of Appointment : |
13.02.2015 |
|
DIN No.: |
00501029 |
|
|
|
|
Name : |
Mr. Arunkumar Laxmidas Vora |
|
Designation : |
Additional Director |
|
Address : |
S2, Orchid Apartments, V Main, Defence Colony, Indira Nagar, Bangalore 560 038, Karnataka, India |
|
Date of Birth/Age : |
14.08.1941 |
|
Qualification: |
M.E.(Mechanical) |
|
Date of Appointment : |
01.10.2015 |
|
DIN No.: |
00191774 |
|
|
|
|
Name : |
Mr. Amit Sharma |
|
Designation : |
Whole-Time Director |
|
Address : |
M152, Sector 25, Jal Vayu Vihar, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.07.1972 |
|
Qualification: |
BE(Me c h ) MS(Mech) |
|
Date of Appointment : |
16.07.2013 |
|
PAN No.: |
AAPPS0200D |
|
DIN No.: |
03212568 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Jayprakash Mishra |
|
Designation : |
Secretary |
|
Address : |
Quees Marigold CHS, B-7, 3rd Floor, Off Mira Bhayender
Road, Mira Road, East, Mumbai – 401107, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1981 |
|
Date of Appointment : |
18.06.2014 |
|
PAN No.: |
AJIPM5629E |
|
|
|
|
Name : |
Mr. Risheshwar Brajeshwar Prasad |
|
Designation : |
Chief Finance Executive |
|
Address : |
301 Fiona Bldg., Hiranandani Estate,, Ghod
Bundar Road, Thane (W), Thane, 400607, Maharashtra, India |
|
Date of Appointment : |
18.06.2014 |
|
PAN No.: |
ABOPP4925E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
|
Tata Sons Limited, India |
9999600 |
|
Tata Sons Limited, India and F N Subedar, India |
100 |
|
Tata Sons Limited, India and K R Bhagat |
100 |
|
Tata Sons Limited, India and Girish Valecha |
30 |
|
Tata Sons Limited, India and Nikil Kumar |
40 |
|
Tata Sons Limited, India and EN Kapadia |
30 |
|
Tata Sons Limited, India and AP Charna |
100 |
|
TOTAL
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of providing engineering consultancy services. (Registered
Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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 : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai - 400 013, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFD2337G |
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EMAIL: |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Subsidiary Company: |
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Fellow
Subsidiaries: (With whom the Company has transactions): |
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CAPITAL STRUCTURE
As on 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
2708.788 |
2379.743 |
2214.749 |
|
(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) |
2808.788 |
2479.743 |
2314.749 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.242 |
0.610 |
1.116 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
11.838 |
11.838 |
11.838 |
|
(d) long-term provisions |
148.570 |
177.497 |
158.979 |
|
Total
Non-current Liabilities (3) |
160.650 |
189.945 |
171.933 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
217.299 |
328.031 |
193.540 |
|
(b) Trade payables |
447.463 |
428.419 |
432.718 |
|
(c) Other current liabilities |
485.324 |
366.855 |
277.027 |
|
(d) Short-term provisions |
381.979 |
290.596 |
256.415 |
|
Total
Current Liabilities (4) |
1532.065 |
1413.901 |
1159.700 |
|
|
|
|
|
|
TOTAL |
4501.503 |
4083.589 |
3646.382 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
590.579 |
597.420 |
676.116 |
|
(ii) Intangible Assets |
102.268 |
32.632 |
28.385 |
|
(iii) Capital work-in-progress |
69.064 |
56.839 |
22.500 |
|
(iv) Intangible assets under
development |
17.784 |
0.373 |
0.300 |
|
(b) Non-current Investments |
10.076 |
10.076 |
3.582 |
|
(c) Deferred tax assets (net) |
82.246 |
84.904 |
60.425 |
|
(d) Long-term Loan and Advances |
411.225 |
332.273 |
200.643 |
|
(e) Other Non-current assets |
31.908 |
25.568 |
14.419 |
|
Total
Non-Current Assets |
1315.150 |
1140.085 |
1006.370 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1543.485 |
1349.726 |
1138.345 |
|
(d) Cash and cash equivalents |
57.349 |
30.850 |
58.720 |
|
(e) Short-term loans and
advances |
101.251 |
100.942 |
76.057 |
|
(f) Other current assets |
1484.268 |
1461.986 |
1366.890 |
|
Total
Current Assets |
3186.353 |
2943.504 |
2640.012 |
|
|
|
|
|
|
TOTAL |
4501.503 |
4083.589 |
3646.382 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4595.644 |
4298.196 |
4548.896 |
|
|
Other Income |
290.872 |
66.519 |
146.220 |
|
|
TOTAL
(A) |
4886.516 |
4364.715 |
4695.116 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
2421.559 |
2465.763 |
2243.100 |
|
|
Other expenses |
1590.996 |
1375.426 |
1374.857 |
|
|
TOTAL
(B) |
4012.555 |
3841.189 |
3617.957 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
873.961 |
523.526 |
1077.159 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
40.183 |
50.846 |
46.936 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
833.778 |
472.680 |
1030.223 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
116.681 |
127.454 |
194.205 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
717.097 |
345.226 |
836.018 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
247.658 |
115.885 |
259.682 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
469.439 |
229.341 |
576.336 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1929.200 |
1794.200 |
1450.600 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
50.000 |
30.000 |
70.000 |
|
|
Proposed Dividend |
120.000 |
55.000 |
140.000 |
|
|
Tax on Proposed Dividend |
20.400 |
9.300 |
22.700 |
|
|
Balance
Carried to the B/S |
2208.200 |
1929.200 |
1794.200 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
NA |
916.000 |
281.300 |
|
|
TOTAL
EARNINGS |
NA |
916.000 |
281.300 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
46.94 |
22.93 |
57.63 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.101 |
0.188
|
|
Net cash flows from (used in) operations |
670.352 |
351.137 |
551.072 |
|
Net cash flows from (used in) operating activities |
397.949 |
153.681 |
368.114 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.21 |
5.34 |
12.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.02 |
12.18 |
23.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.59 |
8.78 |
23.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.14 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08 |
0.13 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08 |
2.08 |
2.28 |
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 |
100.000 |
|
Reserves & Surplus |
2214.749 |
2379.743 |
2708.788 |
|
Net worth |
2314.749 |
2479.743 |
2808.788 |
|
|
|
|
|
|
long-term borrowings |
1.116 |
0.610 |
0.242 |
|
Short term borrowings |
193.540 |
328.031 |
217.299 |
|
Current maturities of
long-term debts |
0.188 |
0.101 |
0.000 |
|
Total borrowings |
194.844 |
328.742 |
217.541 |
|
Debt/Equity ratio |
0.084 |
0.133 |
0.077 |
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 |
4548.896 |
4298.196 |
4595.644 |
|
|
|
(5.511) |
6.920 |
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 |
4548.896 |
4298.196 |
4595.644 |
|
Profit |
576.336 |
229.341 |
469.439 |
|
|
12.67% |
5.34% |
10.21% |
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 |
Yes |
|
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 |
No |
|
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
|
CASE DETAILS BENCH: BOMBAY PRESENTATION DATE: 12.08.2015 LODGING NO.:
ITXAL/1139/2015
FILING DATE: 12.08.2015
Act: INCOME
TAX ACT, 1961
UNDER SECTION:- 260A |
FINANCIAL HIGHLIGHTS
The income from services rendered during the period under review amounted to Rs. 4595.600 Million (previous year - Rs. 4298.200 Million). There was an increase of 6.92% in the income from services over the previous year.
The profit before tax was Rs. 717.100 Million (previous year Rs. 345.200 Million) constituting 15.60% of the income from services (previous year- 8.03%). The profit after tax was at Rs.469.400 Million as compared to Rs. 229.300 Million in the previous year.
The Company had to manage a severe slowdown in the domestic market continuing from the previous year in power, mining and other industrial sectors from the beginning of the year owing to fuel linkage, land availability and environmental issues related to projects. Apart from the thin flow of new orders, the company had to deal with slow and unpredictable rate of progress on the jobs in hand. The proactive steps taken by the Company in the international markets led to almost 200% growth in business acquisition in the last two years which partly mitigated the stagnant environment in the domestic market. Besides slowdown, an extremely competitive environment prevailed in the domestic market thereby putting pressure on the margins. However, the overseas business compensated for that trend with better margins. Also various cost control measures were taken to mitigate the effects of pressure on margins. Notwithstanding the above adversities, the company concluded the year with highest ever value of orders booked during a year as well as the highest accrual.
During the year ended 31st March, 2014, the Company booked new orders aggregating to Rs. 7440.000 Million (previous year Rs. 5750.000 Million) of which the international orders booked were of Rs. 3000.000 Million (previous year Rs. 2280.000 Million).
FUTURE OUTLOOK
The current year has started with the order book with more predictable progress on jobs than last year. Additional thrust is being given to both domestic and international business acquisitions to help improve in operations in the current year. With the inherent strengths and diversity of the company’s operations it is expected that the company will be able to weather the challenges in the industry and consolidate its position.
AWARDS AND
ACHIEVEMENTS
The Company was honored with "Best Consultant/Consultancy Award instituted by the Council of Power Utilities at the 6th India Power Awards 2013 ceremony held at Taj Krishna, Hyderabad on Friday, November 22, 2013. Chief Minister of Andhra Pradesh, Mr. Kiran Kumar Reddy, was the Chief Guest. The Company was awarded the Tata Innovista 2014 award in the category promising Innovation Core Process, for its core process innovation in Flue Gas Desulphurization (FGD) system using sea water. This process can be effectively applied to Greenfield, brownfield and existing sea water based power plants. The Company qualified from among entries received from all Tata Group companies across the world. The Company received Accreditation for Environmental Impact Assessment (EIA) by Quality Council of India/ NABET in additional sectors this year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
168.638 |
0.000 |
|
Total |
168.638 |
0.000 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10515208 |
21/08/2014 |
200,000,000.00 |
Citi Bank N.A. |
Plot C-61,
Bandra-Kurla Complex, G-Block, Bandra |
C16593543 |
|
2 |
10316102 |
01/11/2011 |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B24721482 |
|
3 |
10232860 |
24/06/2010 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, Maharashtra, INDIA |
A91079798 |
|
4 |
80019146 |
21/12/2011 * |
400,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH (ADVANCES), N.G.N. VAIDYA MARG, P.BOX NO.10141, MUMBAI - 400023, Maharashtra, INDIA |
B29479037 |
|
5 |
90236288 |
18/11/2010 * |
100,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
B00357715 |
|
6 |
80031776 |
25/05/2012 * |
1,260,000,000.00 |
BANK OF BARODA |
Opera House Branch,
Modi Chambers, Pandit Palusk, |
B41465600 |
* Date
of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
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.66.32 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
76 |
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.