MIRA INFORM REPORT

 

 

Report No. :

357352

Report Date :

30.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ROSA POWER SUPPLY COMPANY LIMITED

 

 

Registered Office :

7th Floor, B Wing, Raheja Point - I, Jawaharlal Nehru Marg, Vakola Market, Santacruz (East), Mumbai – 400055, Maharashtra

Tel. No.:

91-5842-306792

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

01.09.1994

 

 

Com. Reg. No.:

11-243148

 

 

Capital Investment / Paid-up Capital :

Rs.4248.233 Million

 

 

CIN No.:

[Company Identification No.]

U31101MH1994PLC243148

 

 

IEC No.:

0307032931

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCR8917M

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

The company was set up as a Special Purpose Vehicle to develop and operate 1200 mega watt coal based power project in Shahjahanpur district, Uttar Pradesh. (Registered Activity)

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (66)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a subsidiary of “Reliance Power Limited”. It is well-built company came into existence in 1994. It has a fine track record.

 

For the financial year ended 2015, the company possesses upstanding operational performance and it has good top line growth and profitability margin of 16.13%.

 

Ratings also takes into consideration the impressive balance sheet of the company having strong networth and favorable gap between trade payables and trade receivables.

 

Trade relations are reported as fair. Business is active. Payments terms results to be regular and as per commitment.

 

In the view of decent financial base and healthy operational profile, the company 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 Scale=A

Rating Explanation

Adequate degree of safety and low credit risk

Date

August, 2015

 

Rating Agency Name

ICRA

Rating

Non Fund Based Limit=A1

Rating Explanation

Very strong degree of safety and carry lowest credit risk

Date

August, 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 DECLINED

 

MANAGEMENT NON-COOPERATIVE (Tel No.: 91-522-3018512/ 91-5842-306652)

 

 

LOCATIONS

 

Registered Office :

7th Floor, B Wing, Raheja Point - I, Jawaharlal Nehru Marg, Vakola Market, SantaCruz (East), Mumbai – 400055, Maharashtra, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

paresh.rathod@relianceada.com

 

 

Plant :

Rosa, District Shahajahanpur, Uttar Pradesh, India

Tel. No.:

91-5842-306792/795/705

 

 

Lucknow Office :

520, F Block, Kasmanda House, 2 Park Road, Hazratganj, Lucknow – 226001, Uttar Pradesh, India

Telefax No.:

91-522-3031062

 

 

DIRECTORS

 

As on 31.03.2015

 

Name :

Ms. Jyotsna Deepesh

Designation :

Director

Address :

A-94, Rajdeep CHS, Gokhale Road, Near Malhar Cinema, Navpada, Thane - 400602, Maharashtra, India

Date of Appointment :

13.0./2015

DIN No.:

07083993

 

 

Name :

Mr. Dagdulal Kasturchand Jain

Designation :

Director

Address :

A 4/10, 2nd Floor, Runwal Nagar, Thane - 400601, Maharashtra, India

Date of Appointment :

31.03.2015

DIN No.:

07134428

 

 

Name :

M. Ashutosh Agarwala

Designation :

Director

Address :

D-1005 Ashok Towers, Dr S S Rao Road Parel, Mumbai - 400012, Maharashtra, India

Date of Appointment :

26.09.2014

DIN No.:

03151103

 

 

Name :

M. Darius Jehangir Kakalia

Designation :

Director

Address :

Rebello House, 'B' Wing, 9th Floor, Flat No. 54, 132, Hill Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Date of Appointment :

26/09/2014

DIN No.:

00029159

 

 

Name :

Mr. Naredla Venugopala Rao

Designation :

Director

Address :

Flat No 1002, Building No. 40, NRI Complex, Seawoods, Nerul, Navi Mumbai - 400706, Maharashtra, India

Date of Appointment :

16.10.2010

DIN No.:

03143364

 

 

Name :

Mr. Vibhav Agarwal

Designation :

Director

Address :

Flat No.212, Building 14, Kamdhenu Hari Om Nagar, Mulund (East), Mumbai - 400081, Maharashtra, India

Date of Birth/Age :

03.03.1976

Date of Appointment :

16.10.2010

DIN No.:

03174271

 

 

Name :

Mr. Subrahmanya Prasad Balijepalli

Designation :

Additional Director

Address :

1101, Malhar, Yashodham Enclave, Prashant Nagar, Nagpur - 440015, Maharashtra, India

Date of Appointment :

24.12.2015

DIN No.:

05221917

 

 

KEY EXECUTIVES

 

Name :

Ms. Priyadarshini Mahapatra

Designation :

Manager

Address :

902 Tower 5 Regency Heights, Near, Kolshet Road, Thane (West) Thane-400607, Maharashtra, India

Date of Birth/Age :

10.05.1981

Date of Appointment :

11.11.2013

PAN No.:

AJJPM0077B

 

 

Name :

Ms. Priyadarshini Mahapatra

Designation :

Secretary

Address :

902 Tower 5 Regency Heights, Near, Kolshet Road, Thane (West) Thane-400607, Maharashtra, India

Date of Birth/Age :

10.05.1981

Date of Appointment :

11.11.2013

PAN No.:

AJJPM0077B

 

 

Name :

Mr. Arvind RS Singh

Designation :

Chief Financial Officer

Address :

Gram Sidhikhurd, Post Tiyra, Waidhan- Vindhyanagar Road, Waidhan, Singrauli - 486885, Madhya Pradesh, India

Date of Appointment :

11.11.2014

PAN No.:

ALGPS8578Q

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 24.09.2014

 

Names of Equity Shareholders

 

No. of Shares

Reliance Power Limited, India

 

424404994

Mr. N. Venugopala Rao jointly with  Reliance Power Limited

 

1

Ramaswami kaildas jointly with  Reliance Power Limited

 

1

Suresh nagarjan jointly with  Reliance Power Limited

 

1

Mr. Vibhav Agarwal jointly with  Reliance Power Limited

 

1

Mr. Asim Kumar De jointly with  Reliance Power Limited

 

1

Mr. V. K. Reddy jointly with  Reliance Power Limited

 

1

Total

 

424405000

 

 

Names of Preference Shareholders

 

No. of Shares

Reliance Power Limited, India

 

4183000

Total

 

4183000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 24.09.2014

 

Category

Percentage

Bodies corporate

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

The company was set up as a Special Purpose Vehicle to develop and operate 1200 mega watt coal based power project in Shahjahanpur district, Uttar Pradesh. (Registered Activity)

 

 

Products/ Service :

Item Code No.

Product/ Service Description

98010013

Power Project

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Axis Bank Limited

Branch

Corporate Banking Branch, Axis house, Ground Floor, Wadia International Centre, Worli, Mumbai - 400025, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

  • IDBI Bank Limited, IDBI Tower, WTO Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India

 

  • Punjab National Bank, Punjab National Bank, Maker Tower E, Ground Floor, Cuffe Parade, Mumbai - 400005, Maharashtra, India

 

  • ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Vadodara – 390015, Gujarat, India

 

 

Facilities :

Secured Loan

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Long-term Borrowings

 

 

Term Loans

 

 

Rupees loans from banks

24645.185

21680.695

Foreign currency loans from banks

11223.312

11452.250

Rupee loans from financial institution

0.000

4236.503

 

 

 

Short-term borrowings

 

 

Working capital facilities from banks

10727.643

9869.406

Buyers credit facility from banks

326.648

577.525

 

 

 

Total

46922.788

47816.379

 

 

 

Financial Institution :

IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India

 

 

Auditors :

 

Name :

Chaturvedi and Shah

Chartered Accountants

Address :

714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AAAFC0662N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding Company :

Reliance Power Limited (R Power)

 

 

 

Major Investing Party/promoters Having Significant influences on the holding company directly or indirectly :

Reliance Infrastructure Limited (R Infra)

 

 

 

Enterprises over which, person mentioned in A:
  • Reliance General Insurance Company Limited (RGICL)
  • Reliance Communication Infrastructure Limited (RIIPL)
  • Reliance Infocomm Infrastructure Private Limited (RCIL)

 

 

Fellow subsidiaries :
  • Sasan Power Limited (SPL)
  • Coastal Andhra Power (CAPL)
  • Vidarbha Industries Power Limited (VIPL)1
  • Siyom Hydro Power Project Limited (SHPPL)
  • Coastal Andhra Power Infrastructure Limited (CAPIL)
  • Samakot Power Limited (KPPL)
  • Kajal Power Private Limited (KPPL)
  • Erstwhile Reliance Clean Power Private Limited (RCPPL)2

 

 

Joint Venture :

Reliance Geothermal Power Private Limited (RGTPPL)1

 

NOTE:

 

Joint Venture

 

The Company also has a significant influence on the party as it holds an equity stake.

 

RCPPL has been amalgamated by the Honourable High Court of Bombay of Bombay vide order May 9, 2014

 

 

CAPITAL STRUCTURE

 

As on 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1400000000

Equity Shares

Rs.10/- each

Rs.14000.000 Million

1000000000

Preference Shares

Re.1/- each

Rs.1000.000 Million

 

Total

 

Rs.15000.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

424405000

Equity Shares

Rs.10/- each

Rs.4244.050 Million

4183000

Preference Shares

Re.1/- each

Rs.4.183 Million

 

Total

 

Rs.4248.233 Million

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

4248.233

4248.233

4246.015

(b) Reserves & Surplus

38813.036

31333.362

22832.488

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

200.000

Total Shareholders’ Funds (1) + (2)

43061.269

35581.595

27278.503

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

38191.365

39059.227

41132.870

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

4624.642

3466.021

3152.137

(d) long-term provisions

18.462

16.831

12.721

Total Non-current Liabilities (3)

42834.469

42542.079

44297.728

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

11054.291

10446.931

9319.826

(b) Trade payables

4208.374

2047.709

1937.852

(c) Other current liabilities

11362.598

8113.077

5702.914

(d) Short-term provisions

195.564

162.854

1.145

Total Current Liabilities (4)

26820.827

20770.571

16961.737

 

 

 

 

TOTAL

112716.565

98894.245

88537.968

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

59411.017

58430.813

58633.888

(ii) Intangible Assets

4.433

8.391

5.959

(iii) Capital work-in-progress

10.862

1505.977

897.401

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

4784.822

4750.000

4750.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

421.578

271.965

417.334

(e) Other Non-current assets

27.624

16.045

434.084

Total Non-Current Assets

64660.336

64983.191

65138.666

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

5459.008

0.000

0.000

(b) Inventories

14555.742

3503.976

3491.006

(c) Trade receivables

1405.290

9736.915

12216.506

(d) Cash and cash equivalents

26628.739

1447.368

2295.791

(e) Short-term loans and advances

7.450

19139.173

3614.838

(f) Other current assets

 

83.622

1781.161

Total Current Assets

48056.229

33911.054

23399.302

 

 

 

 

TOTAL

112716.565

98894.245

88537.968

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

46370.501

44775.375

43082.037

 

Other Income

121.590

125.102

117.336

 

TOTAL (A)

46492.091

44900.477

43199.373

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of fuel Consumed

28001.013

26241.574

25620.731

 

Employees benefits expense

249.394

290.911

302.204

 

Generation, administration and other expenses

1043.230

1318.237

851.604

 

TOTAL (B)

29293.637

27850.722

26774.539

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

17198.454

17049.755

16424.834

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

5216.307

4396.305

5309.133

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

11982.147

12653.450

11115.701

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

2518.937

2431.538

2320.853

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

9463.210

10221.912

8794.848

 

 

 

 

 

Less

TAX (H)

1983.536

2136.82

1793.53

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

7479.674

8085.092

7001.318

 

 

 

 

 

 

IMPORTS

 

 

 

 

Purchase of Coal

11525.529

8507.943

2319.248

 

Components and Stores parts

17.043

44.324

0.000

 

Capital Goods

0.000

13.281

454.656

 

TOTAL IMPORTS

11542.572

8565.548

2773.904

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

17.62

19.05

16.50

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

6814.314

4026.999

3962.756

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

12115.166

22037.307

8683.170

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

16.13

18.06

16.25

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

37.09

38.08

38.12

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

8.77

11.03

10.61

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.22

0.29

0.32

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.30

1.50

1.99

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.79

1.63

1.38

 

 

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)

Share Capital

4246.015

4248.233

4248.233

Reserves & Surplus

22832.488

31333.362

38813.036

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

200.000

0.000

0.000

Net worth

27278.503

35581.595

43061.269

 

 

 

 

long-term borrowings

41132.870

39059.227

38191.365

Short term borrowings

9319.826

10446.931

11054.291

Current Maturities of Long-Term Debts

3962.756

4026.999

6814.314

Total borrowings

54415.452

53533.157

56059.970

Debt/Equity ratio

1.995

1.505

1.302

 

 

 

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)

Sales

43082.037

44775.375

46370.501

 

 

3.930

3.563

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

43082.037

44775.375

46370.501

Profit

7001.318

8085.092

7479.674

 

16.25%

18.06%

16.13%

 

 

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

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

GENERAL INFORMATION 

 

The Company Limited is a wholly owned subsidiary of Reliance Power Limited. The company was set up a power of 1,200 Mega Watt (MW) at Shahjahanpur district, Uttar Pradesh. The entire power generated is being sold to Uttar Pradesh Power Corporation Limited (UPPCL) as per the terms of Power Purchase Agreement (PPA)

 

OPERATIONS

 

The Company, which is a wholly owned subsidiary of Reliance Power Limited, has set up the (4x300) 1,200 MW coal-fired power project at Rosa village in Shahjahanpur, Uttar Pradesh.

 

All the four units operated satisfactorily during the year recording a plant availability of 104% and the highest PLF of 94%. During the year there was a consistent growth in generation and profitability.

 

The electricity produced from the entire project is being sold to UPPCL under a long term PPA. The Company was also the recipient of a meritorious award from the Ministry of Power for “Early Completion of thermal Power Project”.

 

The Company also received the following accreditations from the Bureau Veritas-IMS Certifications –ISO :9001, ISO:14001 and BS OHSAS:18001.

 

Shifting Of Registered Office of the Company

 

Pursuant to the order issued by the Regional Director, Northern Region, Noida on February 6, 2013, the Registered Office of the company was shifted from the state of Uttar Pradesh to the state of Maharashtra. The above change was registered by the Registrar of Companies vide certificate of registration dated May 18, 2013 in consequence of which the registered office has been relocated with effect from the above date premises located at the ‘7th floor, B Wing, Raheja Point-I, Jawaharlal Nehru Marg, Vakola Market, Santacruz (East), Mumbai-400055’.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Long-term Borrowings

 

 

Deferred entry tax 

2161.028

1555.144

Deferred value added tax

161.840

134.635

 

 

 

Total

2322.868

1689.779

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10589347

07/09/2015

3,000,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Guj 
arat - 390015, INDIA

C63375117

2

10560453

23/03/2015

5,000,000,000.00

Axis Bank Limited

Corporate Banking Branch, Axis house, Ground Floor 
, Wadia International Centre, Worli, Mumbai, Maharashtra - 400025, INDIA

C49598204

3

10511797

21/07/2014

1,800,000,000.00

IDBI Bank Limited

IDBI Tower, WTO Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA

C14279657

4

10484921

24/03/2014

1,500,000,000.00

PUNJAB NATIONAL BANK

Punjab National Bank, Maker Tower E, Ground Floor, Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA

C00520098

5

10420247

01/04/2013

1,400,000,000.00

Bank of Baroda

Corporate Financial Services branch, Ground Floor, 
, Bank of Baroda building, 16, Parliament Street, New 
Delhi, Delhi - 110001, INDIA

B73336786

6

10398021

20/02/2014 *

5,000,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

Asian Building, Ground Floor, 17, Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, INDIA

B98253123

7

10332787

04/01/2012

3,918,100,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

Asian Building, Ground Floor, 17, R.Kamani Marg, Ballard Estate, MUMBAI, Maharashtra - 400001, INDIA

B30923353

8

10320280

21/11/2011

4,554,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate, MUMBAI, Maharashtra - 400001, INDIA

B26378109

9

10279156

21/08/2014 *

15,500,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

Asian Building, Ground Floor, 17, R. Kamani Marg, 
Ballard Estate, Mumbai, Maharashtra - 400001, INDIA

C20543757

10

10203786

04/01/2012 *

15,798,100,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate, MUMBAI, Maharashtra - 400001, INDIA

B30925861

 

 

CONTINGENT LIABILITIES:

 

(Rs. in million)

PARTICULARS

31.03.2015

31.03.2014

Estimated amount of contracts remaining to be executed on capital account and not provided for is

79.909

3425.262

 

 

 

 

FIXED ASSETS

 

  • Land and Building
  • Computers
  • Office Equipment
  • Motor Vehicle
  • 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.66.37

UK Pound

1

Rs.98.91

Euro

1

Rs.72.84

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

SUD

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

8

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

66

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.