MIRA INFORM REPORT
|
Report No. : |
309184 |
|
Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEMINI EQUIPMENT AND RENTALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gemini House, Bus Depot Lane, Deonar, Mumbai – 400088,
Maharashtra |
|
|
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|
Country : |
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|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.02.2007 |
|
|
|
|
Com. Reg. No.: |
11-167468 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.840.831 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29253MH2007PTC167468 |
|
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|
TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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|
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|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMG12197D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG7791F |
|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing Equipment’s Services. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. The rating takes into consideration company’s moderate financial risk profile
and marked by consecutive losses to accumulation of the same during financial
year 2014. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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 |
CRISIL |
|
Rating |
Long Term Rating = BB/Negative |
|
Rating Explanation |
Moderate risk of default and high credit
risk |
|
Date |
02.02.2015 |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-66819999)
LOCATIONS
|
Registered Office : |
Gemini House, Bus Depot Lane, Deonar, Mumbai – 400088, Maharashtra,
India |
|
Tel. No.: |
91-22-66819999 / 61489898 / 61489809 / |
|
Fax No.: |
91-22-66819988 |
|
E-Mail : |
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|
Website : |
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Regional
Offices: |
Located At:
|
DIRECTORS
As on 04.12.2014
|
Name : |
Mr. Kabir Kewalramani |
|
Designation : |
Nominee Director |
|
Address : |
9th
Floor, Sita Niwas,14th Road, Plot No. 150, Opposite HDFC Bank,
Chembur (East), Mumbai – 400071, Maharashtra, India |
|
Date of Appointment : |
09.11.2009 |
|
DIN No.: |
00768602 |
|
|
|
|
Name : |
Mr. Anand Singh Dalal |
|
Designation : |
Whole Time Director |
|
Address : |
C-33, Chidanand 129/1, Abhinav Kala Mandir, Pashan, Pune – 411021,
Maharashtra, India |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
AAVPD0110F |
|
DIN No.: |
01392057 |
|
|
|
|
Name : |
Mr. Dimitrios Goulandris |
|
Designation : |
Director |
|
Address : |
22, Hewer Street, London, W106DU, United Kingdom |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
02797524 |
|
|
|
|
Name : |
Mr. Surendra Pal Singh |
|
Designation : |
Additional Director |
|
Address : |
A-1, Shivam Park Shardha Vihar, Near Nashik Cambridge School, Indira
Nagar, Nashik – 422011, Maharashtra, India |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06549299 |
KEY EXECUTIVES
|
Name : |
Ms. Subhalaxmi |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 04.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Kishorechand Sethi |
|
3949663 |
|
Sarika Sethi |
|
6202 |
|
Berggruen India Rentals, Mauritius |
|
42247659 |
|
Cycladic India Rentals, Mauritius |
|
36413554 |
|
Cycladic II, Mauritius |
|
4201695 |
|
Total |
|
86818773 |
Equity Share Break up (Percentage of Total Equity)
As on 04.12.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
95.44 |
|
Directors or relatives of Directors |
4.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Equipment’s Services. |
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
Notes: LONG TERM BORROWINGS Term Loans from Banks: Rs.42.692
Millions (Rs.51.053 Millions) carry interest not exceeding @ 3% p.a. above lender's
benchmark rate and is repayable in 60 monthly installments commencing from 31
March 2013. The Loan is secured by first and exclusive charge on construction
equipments financed and further secured by way of pledge of 9% of
shareholding of the shareholders. Rs.50.000
Millions (Rs Nil) carry interest not exceeding @ 2.5% p.a. above lender's
benchmark rate and is repayable in 48 monthly installments commencing after
12 months from the date of first disbursement. The Loan is secured by first
and exclusive charge on construction equipments financed and further secured
by way of pledge of 9% of shareholding of the shareholders. Rs.20.605
Millions (Rs Nil) carry interest not exceeding @ 2.5% p.a. above lender's
benchmark rate and is repayable in 20 equal quarterly installments from the
end of 9th month from the date of each disbursement. The Loan is secured by
first and exclusive charge on construction equipments financed. Equipment Finance from Banks: Rs.86.553
Millions (Rs.103.665 Millions) carry interest @ 10.3 % to 12.5% p.a. and is
repayable in 60 monthly installments from the date of the loan. The loan is
secured by first and exclusive charge on existing and future current assets
and hypothecation of construction equipments financed. Rs.502.899 Millions
(Rs.531.358 Millions) carry interest @ 10.5 % to 12.5% p.a. and is repayable
in 60 monthly installments from the date of the loan. The Loan is secured by
first and exclusive charge on construction equipments financed. The charge is
yet to be registered in case of loans of Rs.33.682 Millions Equipment Finance from Finance Companies: Rs.90.053
Millions (Rs.84.122 Millions) carry interest @ 11.50% to 13.50% p.a. and is
repayable in 60 monthly installments from the date of loan. The Loan is
secured by first and exclusive charge on construction equipments financed.
The charge is yet to be registered in case of loan of Rs.26.984 Millions
(Rs.26.984 Millions) Buyers Credit from Bank: Rs.52.674
Millions (Rs Nil) carry interest @ 1.07% to 1.86% p.a. and are repayable in
maximum period of 3 years from the date of transaction. The Loan is secured
by first and exclusive charge on construction equipments financed. SHORT TERM
BORROWINGS Cash Credit from
Bank is secured by first and exclusive charge by way of hypothecation on all
the present and future current assets and on construction equipments financed
by the borrower. |
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Financial Institutions : |
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Auditors : |
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|
Name : |
MGB and Company Chartered Accountant |
|
Address : |
101-A, Jolly
Bhavan No 2, Opposite Nirmala Niketan, 7 New Marine Lines, Churchgate, Mumbai
– 400020, Maharashtra, India |
|
PAN No.: |
AACPK3979J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related
Parties : |
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CAPITAL STRUCTURE
As on 04.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs.10/- each |
Rs.950.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
86818773 |
Equity Shares |
Rs.10/- each |
Rs.868.188 Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs.10/- each |
Rs.950.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84083128 |
Equity Shares |
Rs.10/- each |
Rs.840.831 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
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 |
840.831 |
764.714 |
763.969 |
|
(b) Reserves & Surplus |
(42.699) |
(4.940) |
9.492 |
|
(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) |
798.132 |
759.774 |
773.461 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
668.600 |
644.569 |
409.468 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
668.600 |
644.569 |
409.468 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
98.297 |
89.857 |
23.466 |
|
(b) Trade
payables |
37.391 |
33.043 |
27.835 |
|
(c) Other
current liabilities |
200.124 |
154.560 |
126.402 |
|
(d) Short-term
provisions |
0.638 |
0.627 |
0.322 |
|
Total Current
Liabilities (4) |
336.450 |
278.087 |
178.025 |
|
|
|
|
|
|
TOTAL |
1,803.182 |
1,682.430 |
1,360.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1,354.961 |
1,253.631 |
1,068.297 |
|
(ii)
Intangible Assets |
1.064 |
2.324 |
3.410 |
|
(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 |
0.160 |
0.160 |
0.160 |
|
(c) Deferred tax assets (net) |
32.554 |
10.550 |
7.460 |
|
(d) Long-term Loan and Advances |
60.304 |
72.595 |
39.681 |
|
(e) Other
Non-current assets |
8.756 |
12.381 |
1.026 |
|
Total Non-Current
Assets |
1,457.799 |
1,351.641 |
1,120.034 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.341 |
13.981 |
9.937 |
|
(c) Trade
receivables |
249.375 |
209.355 |
156.044 |
|
(d) Cash
and cash equivalents |
7.739 |
35.120 |
18.380 |
|
(e)
Short-term loans and advances |
56.223 |
57.749 |
49.533 |
|
(f) Other
current assets |
11.705 |
14.584 |
7.026 |
|
Total
Current Assets |
345.383 |
330.789 |
240.920 |
|
|
|
|
|
|
TOTAL |
1,803.182 |
1,682.430 |
1,360.954 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
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||
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|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
598.980 |
539.847 |
431.755 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Direct operating expenses |
306.545 |
258.587 |
181.552 |
|
|
|
|
Administration Selling Expenses |
76.031 |
85.492 |
80.792 |
|
|
|
|
TOTAL (B) |
382.576 |
344.079 |
262.344 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
216.404 |
195.768 |
169.411 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
119.447 |
86.65 |
41.916 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
96.957 |
109.118 |
127.495 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
157.009 |
126.639 |
97.974 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(60.052) |
(17.521) |
29.521 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
(22.292) |
(3.089) |
6.81 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(37.760) |
(14.432) |
22.711 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(21.323) |
(6.891) |
(29.602) |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
(59.083) |
(21.323) |
(6.891) |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
163.162 |
59.622 |
98.153 |
|
|
|
|
Spare Parts |
8.435 |
3.815 |
0.000 |
|
|
|
TOTAL IMPORTS |
171.597 |
63.437 |
98.153 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(0.45) |
(0.19) |
NA
|
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.39) |
(1.05) |
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.08) |
(0.02) |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
0.97 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.19 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
763.969 |
764.714 |
840.831 |
|
Reserves & Surplus |
9.492 |
(4.940) |
(42.699) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
773.461 |
759.774 |
798.132 |
|
|
|
|
|
|
Long Term borrowings |
409.468 |
644.569 |
668.600 |
|
Short Term borrowings |
23.466 |
89.857 |
98.297 |
|
Total
borrowings |
432.934 |
734.426 |
766.897 |
|
Debt/Equity
ratio |
0.560 |
0.967 |
0.961 |
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 |
|
Total Income |
431.755 |
539.847 |
598.980 |
|
|
|
25.035 |
10.954 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
431.755 |
539.847 |
598.980 |
|
Profit |
22.711 |
(14.432) |
(37.760) |
|
|
5.26% |
(2.67%) |
(6.30%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
176.875 |
125.630 |
92.923 |
|
Total |
176.875 |
125.630 |
92.923 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
Case Details |
||||||
|
Bench:- Bombay |
||||||
|
Presentation Date:- |
23/01/2015 |
|||||
|
Lodging
No.:- |
CAL/84/2015 |
Filing
Date:- |
23/01/2015 |
|||
|
|
||||||
|
Petitioner:- |
YMS INFRASTRUCTURE AND CONSTRUCTION PRIVATE LIMITED |
Respondent:- |
M/S GEMINI EQUIPMENT AND RENTALS PRIVATE LIMITED |
|||
|
Petn.Adv:- |
INDIALAW (606) |
Resp. Adv.: |
0(0) |
|||
|
District:- |
PUNE |
|||||
|
Bench:- |
SINGLE |
|||||
|
Status:- |
Pre-Admission |
Category:- |
CA-FOR OTHERS |
|||
|
Last
Date:- |
30/01/2015 |
Stage:- |
|
|||
|
Last
Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|||||
|
Act :- |
Companies Act & Rules 1956 |
Under
Section:- |
433 (E) 434 AND 439 |
|||
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10547221 |
16/12/2014 |
2,025,000.00 |
HDB Financial Services Limited |
Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad, Gujarat - 380009, India |
C42548537 |
|
2 |
10530009 |
09/08/2014 |
4,463,534.00 |
Magma Fincorp Limited |
Magma House, 24 Park Street, Kolkata, West Bengal- 700016, India |
C32847279 |
|
3 |
10529168 |
31/07/2014 |
2,095,000.00 |
Reliance Capital Ltd |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge CIty, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
C31557028 |
|
4 |
10509628 |
15/05/2014 |
50,000,000.00 |
Bank Of India |
G-5, Ground Floor, Akruti SMC, Khopat Junction, Off LBS Marg, Thane (West), Thane, Maharashtra - 400601, INDIA |
C10964450 |
|
5 |
10495183 |
02/04/2014 |
586,000.00 |
Tata Capital Housing Finance Limited |
One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
C04648051 |
|
6 |
10495179 |
02/04/2014 |
978,000.00 |
Tata Capital Housing Finance Limited |
One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
C04647137 |
|
7 |
10495187 |
02/04/2014 |
1,002,000.00 |
Tata Capital Financial Services Limited |
One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
C04648853 |
|
8 |
10495191 |
02/04/2014 |
1,074,000.00 |
Tata Capital Financial Services Limited |
One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
C04649554 |
|
9 |
10495175 |
02/04/2014 |
1,814,000.00 |
Tata Capital Financial Services Limited |
One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
C04646378 |
|
10 |
10495199 |
02/04/2014 |
9,144,000.00 |
Tata Capital Financial Services Limited |
One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
C04651170 |
|
11 |
10436939 |
21/08/2013 * |
115,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B82933417 |
|
12 |
10440890 |
07/06/2013 |
27,182,116.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B81050247 |
|
13 |
10430502 |
09/05/2013 |
17,821,126.00 |
L & T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B76876168 |
|
14 |
10434026 |
06/05/2013 |
27,305,410.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B78370673 |
|
15 |
10425258 |
30/03/2013 |
28,200,000.00 |
L & T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B74981457 |
|
16 |
10406170 |
13/08/2013 * |
23,257,081.00 |
L & T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B82918806 |
|
17 |
10408095 |
20/02/2013 |
6,384,024.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B69642478 |
|
18 |
10408093 |
20/02/2013 |
14,060,000.00 |
Axis Bank Limited |
Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India |
B69642155 |
|
19 |
10411831 |
31/01/2013 |
77,803,101.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B70774781 |
|
20 |
10401033 |
18/01/2013 |
10,022,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B67254011 |
|
21 |
10395142 |
21/12/2012 |
18,501,133.00 |
L & T Finance Limited |
L&T House, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B65221533 |
|
22 |
10400377 |
18/12/2012 |
100,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B67045831 |
|
23 |
10391724 |
15/12/2012 |
29,687,613.00 |
Kotak Mahindra Bank Limited |
36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B64032972 |
|
24 |
10390407 |
30/11/2012 |
3,645,000.00 |
Magma Fincorp Limited |
Magma House, 24 Park Street, Kolkata, West Bengal - 700016, India |
B63495303 |
|
25 |
10463741 |
30/11/2012 |
24,174,492.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B69842664 |
|
26 |
10463740 |
30/11/2012 |
34,738,582.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B69643351 |
|
27 |
10452235 |
30/11/2012 |
121,658,461.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B67254938 |
|
28 |
10453144 |
29/11/2012 |
10,099,208.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B69648855 |
|
29 |
10453143 |
29/11/2012 |
35,894,920.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B69648376 |
|
30 |
10469771 |
27/11/2012 |
54,500,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B85531192 |
|
31 |
10383162 |
29/10/2012 |
10,750,000.00 |
Kotak Mahindra Bank Limited |
36-38a,
Nariman Bhavan, 227,D, Nariman Point, M |
B60776085 |
|
32 |
10380479 |
20/09/2012 |
4,256,000.00 |
Sundaram Finance Limited |
21 Patullos Road, Chennai, Tamil Nadu - 600002, India |
B59664342 |
|
33 |
10374671 |
29/08/2012 |
7,739,615.00 |
Axis Bank Limited |
Asc Mumbai, 1st Floor, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B57353633 |
|
34 |
10360399 |
06/06/2012 |
29,600,000.00 |
Hdfc Bank Limited |
Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B41537317 |
|
35 |
10350584 |
27/03/2012 |
4,980,000.00 |
Axis Bank Limited |
Rac Mumbai, 1st Floor, Janmabhoomi Bhavan, Janma Bhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B37840725 |
|
36 |
10337972 |
30/01/2012 |
9,771,890.00 |
Axis Bank Limited |
Rac Mumbai, 1st Floor, Janmabhoomi Bhavan, Janma Bhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B33134263 |
|
37 |
10334660 |
10/01/2012 |
7,705,800.00 |
Axis Bank Limited |
Rac Mumbai, 1st Floor, Janmabhoomi Bhavan, Janma Bhoomi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B31719834 |
|
38 |
10331400 |
29/01/2013 * |
43,826,778.00 |
Kotak Mahindra Bank Limited |
36-38a, Nariman Bhavan, 227,D, Nariman Point, MUMBAI, Maharashtra - 400021, India |
B68640572 |
|
39 |
10308314 |
21/09/2011 |
7,593,000.00 |
Tata Capital Limited |
One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B21567201 |
|
40 |
10291946 |
29/01/2013 * |
12,236,966.00 |
Kotak Mahindra Bank Limited |
36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B68639996 |
|
41 |
10236755 |
29/01/2013 * |
9,394,684.00 |
Kotak Mahindra Bank Limited |
36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B68640325 |
|
42 |
10236890 |
06/06/2013 * |
104,500,000.00 |
Bank Of India |
G-5,
Ground Floor, Akruti SMC, Khopat Junction, |
B80812548 |
|
43 |
10115513 |
10/07/2008 |
1,700,000.00 |
L & T Finance Limited |
L&T
House, Ballard Estate, Mumbai, Maharashtra |
A42565556 |
|
44 |
10115172 |
07/07/2008 |
18,300,000.00 |
L & T Finance Limited |
L&T
House, Ballard Estate, Mumbai, Maharashtra |
A42565960 |
*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,
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.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.