MIRA INFORM REPORT
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Report No. : |
301491 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
IL AND FS ENGINEERING AND CONSTRUCTION COPMANY LIMITED |
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Registered
Office : |
Door No. 8-2-120/113/3/AF, Sanali Info Park, Cyber Tower, Road No. 2,
Banjara Hills, Hyderabad-500033, Telangana |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 (18 Months) |
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Date of
Incorporation : |
06.05.1988 |
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Com. Reg. No.: |
01-008624 |
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Capital
Investment / Paid-up Capital : |
Rs. 3396.500 Millions |
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CIN No.: [Company Identification
No.] |
L45201AP1988PLC008624* (* Not yet updated by MCA reflecting Telangana state) |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The subject is engaged in Infrastructure Development, Construction and Project Management. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 7400000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk
profile marked by leverage capital structure and losses that company has
incurred from its operation. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Fund Based Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
14.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Non-Fund based bank facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk |
|
Date |
14.03.2014 |
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 BY
|
Name : |
Mr. Subrata Chakrabarti |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-40-40409333 |
|
Date : |
31.12.2014 |
LOCATIONS
|
Registered Office : |
Door No. 8-2-120/113/3/AF, Sanali Info Park, Cyber Tower, Road No. 2, Banjara
Hills, Hyderabad-500033, Telangana, India |
|
Tel. No.: |
91-40-40409333 / 40409552 / 40409325 |
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Fax No.: |
91-40-40409444 / 40409444 / 40409325 |
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E-Mail : |
venkateswar_gogireddy@lifsengg.com |
|
Website : |
DIRECTORS
As on 19.05.2014
|
Name : |
Mr. Ramchandra Karunakaran |
|
Designation : |
Director |
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Name : |
Mr. Murli Dhar Kattar |
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Designation : |
Director |
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Name : |
Mr. Saleh Mohammed Moawalla |
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Designation : |
Director |
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Name : |
Mr. El Mouhtaz El Swaf |
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Designation : |
Director |
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Name : |
Mr. Akberali Mohemedali
Moawalla |
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Designation : |
Alternate Director |
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Name : |
Mr. Ahmad Mohamad Dabbous |
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Designation : |
Alternate Director |
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Name : |
Mr. Ved Kumar Jain |
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Designation : |
Director |
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Name : |
Mr. Anil Kumar Agarwal |
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Designation : |
Director |
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Name : |
Mr. Dhananjay Narendra Mungale |
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Designation : |
Director |
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Name : |
Mr. Sundaram Shrinivas Ranjan |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Subrata Chakrabarti |
|
Designation : |
Chief Executive Officer |
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|
|
|
Name : |
G. Venkateswar Reddy |
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Designation : |
Company Secretory |
SHAREHOLDING PATTERN
As on 30.09.2014
|
Category of Shareholder |
Total
No. of Shares |
As a % |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
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|
26742631 |
29.76 |
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|
26742631 |
29.76 |
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Total shareholding of Promoter and Promoter Group (A) |
26742631 |
29.76 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
110646 |
0.12 |
|
|
15075881 |
16.78 |
|
|
360 |
0.00 |
|
|
15186887 |
16.90 |
|
|
|
|
|
|
37523845 |
41.76 |
|
|
|
|
|
|
3939017 |
4.38 |
|
|
6238171 |
6.94 |
|
|
227192 |
0.25 |
|
|
5018 |
0.01 |
|
|
203331 |
0.23 |
|
|
18843 |
0.02 |
|
|
47928225 |
53.34 |
|
Total Public shareholding (B) |
63115112 |
70.24 |
|
Total (A)+(B) |
89857743 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
89857743 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in Infrastructure Development, Construction and Project Management. |
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Products : |
Not Divulged |
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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 : |
SECURED
LOAN (Rs.
In Millions)
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
S. R. Batliboi and Associates LLP Chartered Accountants |
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Address : |
Oval Office, 18, Ilabs Center, Hitech City, Madhapur,
Hyderabad-500081,Telangana India |
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Tel. No.: |
91-40-67362000 |
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Fax No.: |
91-40-67362200 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Investing party in respect of which the reporting enterprises is an
associate : |
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Joint Ventures : |
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Associates : |
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CAPITAL STRUCTURE
As on 31.03.2014
(18 Months)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/- each |
Rs. 3500.000 Millions |
|
35000000 |
Preference Share |
Rs. 100/-each |
Rs. 3500.000 Millions |
|
|
TOTAL |
|
Rs. 70000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89787243 |
Equity Shares |
Rs.10/- each |
Rs. 897.900
Millions |
|
7485780 |
6% Cumulative redeemable preference share |
Rs.100/- each |
Rs. 748.600
Millions |
|
17500000 |
6% optionally convertible redeemable preference share |
Rs.100/- each |
Rs. 1750.000
Millions |
|
|
TOTAL |
|
Rs. 3396.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (18 Months) |
30.09.2012 (18 Months) |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3396.500 |
3396.500 |
3848.700 |
|
(b) Reserves & Surplus |
(786.100) |
723.700 |
1971.800 |
|
(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) |
2610.400 |
4120.200 |
5820.500 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10363.200 |
9927.500 |
5112.300 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3215.900 |
1835.700 |
797.000 |
|
(d) long-term
provisions |
81.800 |
82.600 |
411.400 |
|
Total Non-current
Liabilities (3) |
13660.900 |
11845.800 |
6320.700 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
5162.700 |
2843.300 |
2801.200 |
|
(b) Trade
payables |
8217.600 |
5038.900 |
3317.800 |
|
(c) Other
current liabilities |
5663.400 |
4494.100 |
1990.400 |
|
(d) Short-term
provisions |
388.000 |
811.100 |
422.500 |
|
Total Current
Liabilities (4) |
19431.700 |
13187.400 |
8531.900 |
|
|
|
|
|
|
TOTAL |
35703.000 |
29153.400 |
20673.100 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1677.600 |
2173.400 |
2888.800 |
|
(ii)
Intangible Assets |
13.900 |
18.600 |
0.000 |
|
(iii)
Capital work-in-progress |
49.300 |
17.300 |
42.300 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3261.400 |
2925.800 |
1566.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8710.600 |
10226.700 |
5813.300 |
|
(e) Other
Non-current assets |
4343.900 |
3170.800 |
3080.300 |
|
Total Non-Current
Assets |
18056.700 |
18532.600 |
13391.400 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
7.000 |
17.000 |
|
(b)
Inventories |
7641.200 |
5511.100 |
1919.800 |
|
(c) Trade receivables |
6027.800 |
2205.000 |
3527.100 |
|
(d) Cash
and cash equivalents |
666.000 |
297.800 |
556.100 |
|
(e)
Short-term loans and advances |
2748.400 |
2089.300 |
1099.000 |
|
(f) Other
current assets |
562.900 |
510.600 |
162.700 |
|
Total Current
Assets |
17646.300 |
10620.800 |
7281.700 |
|
|
|
|
|
|
TOTAL |
35703.000 |
29153.400 |
20673.100 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (18 Months) |
30.09.2012 (18 Months) |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
32671.700 |
20425.600 |
10151.800 |
|
|
|
Other Income |
1598.400 |
1028.400 |
521.500 |
|
|
|
TOTAL (A) |
34270.100 |
21454.000 |
10673.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
7168.100 |
5280.300 |
3459.300 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
957.100 |
|
|
|
Employees benefits expense |
1667.100 |
1609.600 |
763.600 |
|
|
|
Subcontract Expenses |
21140.600 |
11595.400 |
4427.500 |
|
|
|
Other expenses |
1632.700 |
1262.300 |
957.800 |
|
|
|
Exceptional Items |
0.000 |
(102.600) |
(1290.800) |
|
|
|
TOTAL (B) |
31608.500 |
19645.000 |
9274.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2661.600 |
1809.000 |
1398.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3318.200 |
2133.100 |
743.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(656.600) |
(324.100) |
655.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
853.200 |
940.000 |
569.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(1509.800) |
(1264.100) |
85.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX AND PRIOR
PERIODS ITEAMS (H) |
0.000 |
89.000 |
-56.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(1509.800) |
(1353.100) |
142.100 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Revenue from Contacts |
3107.8 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
3107.8 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Project Materials |
153.100 |
69.100 |
0.000 |
|
|
|
Fixed Assets |
16.900 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
170.000 |
69.100 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(19.72) |
(21.80) |
(2.64) |
|
QUARTERLY /
SUMMARISED RESULTS
(Rs. In Millions)
|
PARTICULARS |
1st
Quarter |
2nd
Quarter |
|
Particulars |
Jun 2014 |
September 2014 |
|
Audited /
UnAudited |
UnAudited |
UnAudited |
|
Net Sales |
539.850 |
556.860 |
|
Total Expenditure |
524.060 |
537.270 |
|
PBIDT (Excl OI) |
15.790 |
19.590 |
|
Other Income |
18.710 |
20.430 |
|
Operating Profit |
34.500 |
40.020 |
|
Interest |
60.830 |
66.820 |
|
Exceptional Items |
0.000 |
0.000 |
|
PBDT |
(26.330) |
(26.800) |
|
Depreciation |
10.720 |
11.210 |
|
Profit Before Tax |
(37.050) |
(38.010) |
|
Tax |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
|
Profit After Tax |
(37.050) |
(38.010) |
|
Extraordinary Items |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
|
Other Adjustments |
0.240 |
0.120 |
|
Net Profit |
(36.810) |
(37.890) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (18 Months) |
30.09.2012 (18 Months) |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(4.62) |
(6.62) |
1.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.15 |
8.86 |
13.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.66) |
(4.82) |
0.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.58) |
(0.31) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.95 |
3.10 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.81 |
0.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
30.09.2012
(18 Months) |
31.03.2014
(18 Months) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
3848.700 |
3396.500 |
3396.500 |
|
Reserves & Surplus |
1971.800 |
723.700 |
(786.100) |
|
Net
worth |
5820.500 |
4120.200 |
2610.400 |
|
|
|
|
|
|
long-term borrowings |
5112.300 |
9927.500 |
10363.200 |
|
Short term borrowings |
2801.200 |
2843.300 |
5162.700 |
|
Total
borrowings |
7913.500 |
12770.800 |
15525.900 |
|
Debt/Equity
ratio |
1.360 |
3.100 |
5.948 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
30.09.2012
(18 Months) |
31.03.2014
(18 Months) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
10151.800 |
20425.600 |
32671.700 |
|
|
|
101.202 |
59.955 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
30.09.2012
(18 Months) |
31.03.2014
(18 Months) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
10151.800 |
20425.600 |
32671.700 |
|
Profit |
142.100 |
(1353.100) |
(1509.800) |
|
|
1.40% |
(6.62%) |
(4.62%) |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
---------------------- |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As
on 31.03.2014 (18
Months) |
As
on 30.09.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Oher Loans From Related Parties |
0.000 |
1020.000 |
|
Finance lease obligation |
0.000 |
24.300 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans from others |
2000.000 |
800.000 |
|
Total |
2000.000 |
1844.300 |
OVERVIEW:
During the year, The Company had bagged various orders in the Roads, Buildings & Structures, ower and Oil & Gas Sectors. The Orders received during the year under review amounted to Rs. 46960.000 Millions. Also, the Company already had orders worth Rs. 84000.000 Millions at the beginning of the year. Out of the total orders in hand, the unexecuted order value stands at Rs. 100630.000 Millions at the end of the year.
The Company is having operations beyond the territorial limits of India and is now operating from Saudi Arabia under a separate Joint Venture Subsidiary and through Company’s branches in Fujairah and Abu Dhabi
The Board of Directors is hopeful of securing sizeable orders in the future and is confident of effective execution of the existing works of the order book. Also, the business support from the Promoter and Investor is facilitating entry into new market segments and in turn increasing capabilities of the Company.
The Industry Scenario has seen a change towards end of the year and is presented in detail in the Management Discussion & Analysis Section of this Annual Report.
FUTURE OUTLOOK:
With a healthy order book of Rs. 100630.000 Millions on hand, the Company looks forward to increasing turnover and better performance in future.
STANDALONE
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER,
2014
Standalone statement of profit and loss
(Rs. In Millions)
|
Sr. No |
Particulars |
Standalone |
|||
|
Quarter Ended |
Six Month Ended |
||||
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|||
|
Unaudited |
Unaudited |
Unaudited |
|||
|
1 |
Income From Operations |
|
|
|
|
|
|
a. Net Sales/ Income from Operations (Net of Excise Duty) |
5562.700 |
5384.100 |
10946.800 |
|
|
|
b. Other Operating Income |
5.900 |
14.400 |
20.300 |
|
|
|
Total Income from
Operations (Net) |
5568.600 |
5398.500 |
10967.100 |
|
|
2 |
Expenditure |
|
|
|
|
|
|
a. Cost of material Consumed |
1687.200 |
1330.100 |
3017.300 |
|
|
|
b. Purchase of Stock-in trade |
0.000 |
0.000 |
0.000 |
|
|
|
c. Changes in inventory of finished Goods, work- in-progress and Stock-in-trade |
332.000 |
332.900 |
664.900 |
|
|
|
d. Employees Benefit Expenses |
112.100 |
107.200 |
219.300 |
|
|
|
e. Depreciation and Amortisation Expenses |
3011.100 |
3303.300 |
6314.400 |
|
|
|
f. Other expenses |
342.400 |
274.300 |
616.700 |
|
|
|
Total Expenses |
5484.800 |
5347.800 |
10832.600 |
|
|
3 |
Profit / (Loss)
from Operations before Other Income, Interest and Exceptional Items |
83.800 |
50.700 |
134.500 |
|
|
4 |
Other Income |
204.300 |
187.100 |
391.400 |
|
|
5 |
Profit / (Loss) from
ordinary activities before finance cost & exceptional items |
288.100 |
237.800 |
525.900 |
|
|
6 |
Finance Costs |
668.200 |
608.300 |
1276.500 |
|
|
7 |
Profit / (Loss)
from ordinary activities after finance costs & exceptional items |
(380.100) |
(370.500) |
(750.600) |
|
|
8 |
Exceptional items |
--- |
-- |
-- |
|
|
9 |
Profit / (Loss)
from ordinary activities before tax |
(380.100) |
(370.500) |
(750.600) |
|
|
10 |
Tax Expense |
---- |
---- |
---- |
|
|
|
- Income Tax |
---- |
---- |
---- |
|
|
|
- Deferred Tax |
---- |
---- |
---- |
|
|
11 |
Net Profit / (Loss)
from ordinary activity after tax |
---- |
---- |
---- |
|
|
12 |
Profit / (Loss)
from ordinary activities |
(380.100) |
(370.500) |
(750.600) |
|
|
13 |
Share Profit / (Loss)
from integrated joint ventures |
1.200 |
2.400 |
3.600 |
|
|
14 |
Net Profit / (Loss)
After Tax |
(378.900) |
(368.100) |
747.000) |
|
|
15 |
|
|
|
|
|
|
16 |
Paid-up equity share capital (face value of Rs.10 per share) |
898.600 |
898.600 |
898.600 |
|
|
17 |
Reserves excluding Revaluation Reserve as per balance sheet of previous accounting Year |
--- |
--- |
--- |
|
|
18 |
Earning Per Share (of Rs.10 each) (not annualized) |
|
|
|
|
|
|
Basic EPS |
(4.72) |
(4.69) |
(4.41) |
|
|
|
Diluted EPS |
(4.72) |
(4.69) |
(9.41) |
|
|
A |
PARTICULARS OF
SHAREHOLDING |
|
|
|
|
|
17 |
Public Shareholding |
|
|
|
|
|
|
- No. of shares |
63115112 |
63115112 |
63115112 |
|
|
|
- Percentage of shareholding |
70.24% |
70.24% |
70.24 |
|
|
18 |
Promoter & Promoter
Group Shareholding |
|
|
|
|
|
|
a)
Pledged/Encumbered |
|
|
|
|
|
|
- No. of shares |
13245250 |
13245250 |
13245250 |
|
|
|
- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group) |
49.53% |
49.53% |
49.53% |
|
|
|
- Percentage of shareholding (as a % of the total share capital of the company) |
14.74% |
14.74% |
14.74% |
|
|
|
b) Non-encumbered |
|
|
|
|
|
|
- No. of shares |
13497381 |
13497381 |
13497381 |
|
|
|
- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group) |
50.47% |
50.47% |
50.47% |
|
|
|
- Percentage of shareholding (as a % of the total share capital of the company) |
15.02% |
15.02% |
15.02% |
|
|
|
Particulars |
Quarter ended 30.09.2014 |
|
B |
Investor Complaints |
|
|
|
Pending at the beginning of the quarter |
0 |
|
|
Received during the quarter |
0 |
|
|
Disposed off during the quarter |
0 |
|
|
Remaining unresolved at the end of the
quarter |
0 |
STANDALONE
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER,
2014
Standalone
statement of assets and liabilities
(Rs. In Millions)
|
Particulars |
As at half year ended on 30.09.2014 (Unaudited) |
|
|
A |
EQUITY AND LIABILITIES |
|
|
1 |
Shareholders' Funds |
|
|
|
(a) Share Capital |
3397.200 |
|
|
(b) Reserves & Surplus |
(1554.700) |
|
|
Total
Shareholders’ Funds |
1842.500 |
|
|
|
|
|
2 |
Non-Current
Liabilities |
|
|
|
(a) long-term borrowings |
11703.300 |
|
|
(b) Deferred tax liabilities (Net) |
0.000 |
|
|
(c) Other long term
liabilities |
3477.100 |
|
|
(d) long-term
provisions |
85.800 |
|
|
Sub Total Non-current Liabilities |
15266.200 |
|
|
|
|
|
3 |
Current
Liabilities |
|
|
|
(a) Short
term borrowings |
5888.300 |
|
|
(b) Trade
payables |
9270.100 |
|
|
(c) Other
current liabilities |
5256.900 |
|
|
(d) Short-term
provisions |
368.800 |
|
|
Sub
Total Current Liabilities |
20784.100 |
|
|
|
|
|
|
TOTAL- EQUITY AND
LIABILITIES |
37892.800 |
|
|
|
|
|
A |
ASSETS |
|
|
1 |
Non-current
assets |
|
|
|
(a) Fixed
Assets |
1686.200 |
|
|
(b) Non-current Investments |
3259.900 |
|
|
(c) Long-term Loan and Advances |
8736.700 |
|
|
(d) Other
Non-current assets |
4519.500 |
|
|
Sub Total
Non-Current Assets |
18202.300 |
|
|
|
|
|
2 |
Current assets |
|
|
|
(a)
Current investments |
0.000 |
|
|
(b)
Inventories |
8965.900 |
|
|
(c) Trade
receivables |
6927.600 |
|
|
(d) Cash and
cash equivalents |
609.000 |
|
|
(e)
Short-term loans and advances |
2553.900 |
|
|
(f) Other
current assets |
634.100 |
|
|
Sub Total
Current Assets |
19690.500 |
|
|
|
|
|
|
TOTAL-ASSETS |
37892.800 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10534649 |
28/10/2014 |
1,000,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMI |
THE IL&FS FINANCIAL
CENTRE PLOT NO C-22 G BLOCK, BANDRA-KURLA COMPLEX, MUMBAI, MAHARASHTRA -
400051 |
C35827930 |
|
2 |
10516404 |
02/08/2014 |
1,000,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMI |
THE IL &FS FINANACIAL CENTREPLOT NO C-22 G BLOCK, BANDRA-KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
C17808403 |
|
3 |
10460317 |
23/10/2013 |
1,620,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMI |
THE IL &FS FINANACIAL
CENTREPLOT NO C-22 G BLOCK, BANDRA-KURLA COMPLEX, MUMBAI, MAHARASHTRA -
40005 |
B89586119 |
|
4 |
10246513 |
17/11/2012 * |
22,395,900,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B62875604 |
|
5 |
10140561 |
30/03/2009 * |
500,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A60913464 |
|
6 |
10127645 |
02/05/2009 * |
500,000,000.00 |
INDIAN OVERSEAS BANK |
RAJBHAVAN ROAD, SOMAJIGUDA, OPP: SHANTI SIKHAR APARTMENTS, HYDERABAD, TELANGANA - 500082, INDIA |
A63253801 |
|
7 |
10114013 |
11/06/2008 |
400,000,000.00 |
BANK OF MAHARASHTRA |
SULTAN BAZAR BRANCH,, KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
A42398115 |
|
8 |
10105516 |
04/06/2008 |
400,000,000.00 |
VIJAYA BANK |
MAYO HALL BRANCH, M G ROAD, BANGALORE, KARNATAKA- 560001, INDIA |
A39651195 |
|
9 |
10104093 |
14/05/2008 |
500,000,000.00 |
PUNJAB NATIONAL BANK |
R P ROAD, SECUNDERABAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
A38911475 |
|
10 |
10094794 |
21/04/2009 * |
263,500,000.00 |
STATE BANK OF HYDERABAD |
INDUSTRIAL FINANCE BRANCH,
TOPAZ BUILDING, AMRUTHA HILLS, PUNJAGUTTA, HYDERABAD, ANDHRA PRADESH -
5 |
A62345293 |
|
11 |
10093593 |
22/04/2009 * |
259,800,000.00 |
BANK OF INDIA |
HYDERABADOVERSEASBRANCH,
PLOT NO. 38.D.NO.1-98/11/3, HI-TECH THEATRE ROAD, ARUNODAYA COLONY,
HYDERAB |
A63863252 |
|
12 |
10080183 |
02/05/2009 * |
508,400,000.00 |
INDIAN OVERSEAS BANK |
RAJBHAVAN ROAD, SOMAJIGUDA, OPP: SHANTI SIKHAR APARTMENTS, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
A63253975 |
|
13 |
10074176 |
21/04/2009 * |
3,361,800,000.00 |
STATE BANK OF HYDERABAD |
INDUSTRIAL FINANCE BRANCH, TOPAZ BUILDING, AMRUTHA HILLS, PUNJAGUTTA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
A62347604 |
|
14 |
10057787 |
07/06/2007 |
800,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, RAJBHAVAN ROAD, SOMAJI |
A17671579 |
|
15 |
10052501 |
30/03/2007 |
449,817,500.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 6-3-1109/1, RAJBHAWAN |
A13986443 |
|
16 |
10022123 |
23/11/2007 * |
1,560,000,000.00 |
BANK OF MAHARASHTRA |
SULTAN BAZAR BRANCH, KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
A29396090 |
|
17 |
80023236 |
22/03/2008 * |
2,150,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A35150036 |
|
18 |
90136325 |
05/03/2008 * |
6,000,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 6-3-1109/1, NAVABHARAT CHAMBERS, RAJBHAVAN ROAD, SOMAJIGUDA,
HYDERABAD, |
A35067859 |
|
19 |
80026956 |
30/03/2009 * |
2,279,100,000.00 |
PUNJAB NATIONAL BANK |
R P ROAD, SECUNDERABAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
A60519188 |
|
20 |
90136091 |
19/08/2008 * |
8,920,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWER, LEVEL
IV,, 1-11-256, BEGUMPET, |
A45100914 |
|
21 |
80034768 |
18/02/2008 * |
1,850,000,000.00 |
BANK OF INDIA |
HYDERABAD OVERSEAS
BRANCH, A2, Q3 - CYBER TOWERS, HI-TECH CITY, MADHAPUR, HYDERABAD, ANDHRA
PRADESH |
A34436741 |
|
22 |
90136046 |
03/04/2001 |
3,474,000.00 |
CITICORP FINANCE (INDIA) LTD. |
102; LAKE SHORE TOWERS, RAJBHAVAN ROAD; SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
- |
|
23 |
90135989 |
10/12/2008 * |
3,000,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE
BRANCH, # 6-3-850/3, SRINIVAS |
A53303020 |
|
24 |
80034767 |
08/09/2003 * |
220,000,000.00 |
CENTRAL BANK OF INDIA |
BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH - 500095, INDIA |
- |
|
25 |
90258010 |
03/11/1994 |
17,300,000.00 |
STATE BANK OF INDIA |
SECUNDERABAD MAIN BRANCH, SECUNDERABAD, ANDHRA PRADESH, INDIA |
- |
|
26 |
90135352 |
19/02/1994 |
230,000.00 |
CITIBANK N. A. |
ANNA SALAI, MADRAS, TAMIL NADU, INDIA |
- |
|
27 |
90135315 |
06/05/1993 |
2,600,000.00 |
STATE BANK OF INDIA |
R. P. ROAD, SECUNDERABAD, ANDHRA PRADESH, INDIA |
- |
|
28 |
90257875 |
06/05/1993 |
2,600,000.00 |
STATE BANK OF INDIA |
R.P. ROAD, SECUNDERABAD, ANDHRA PRADESH, INDIA |
- |
|
29 |
90135261 |
29/02/1992 |
3,554,280.00 |
ANDHRA BANK FINANCIAL SERVICES LTD. |
SOMAJI GUDA, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
|
30 |
90257776 |
05/07/1994 * |
20,000,000.00 |
STATE BANK OF INDIA |
SECUNDERABAD MAIN BRANCH, SECUNDERABAD, ANDHRA PRADESH, INDIA |
- |
|
31 |
90257769 |
05/12/1991 |
6,984,000.00 |
STATE BANK OF INDIA |
SECUNDERABAD, MAIN BRANCH, SECUNDERABAD, ANDHRA PRADESH, INDIA |
- |
|
32 |
90136507 |
29/10/1988 |
2,442,688.00 |
DCL FINANCE LIMITED |
6-3-666/B; DECCAN
CHAMBERS, 6TH FLOOR; SOMAJIGUDA |
- |
* Date of charge modification
FIXED ASSETS
- Land and
Building
- Plant and
Machinery
- Office
Equipment’s
- Furniture and
Fixture
- Vehicles
- Computer
Software
PRESS RELEASE
IL&FS ENGINEERING
SERVICES’ SUBSIDIARY MISA BAGS RS. 464 CR CONTRACT IN SAUDI ARABIA
December 11, 2014
Maytas Infra Saudi Arabia (MISA), a subsidiary of IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a contract from Saudi Binladin Group for construction of Abraj Kudai Project-P1360, Makkah in Kingdom of Saudi Arabia (KSA). The total value of the contract is Saudi Riyals 290.27 Million (Equivalent to INR 464 Crores approx.) and the completion period is 32 months.
The scope of work involves supply, delivery, installation, supervision, as built, and handing over of structural and reinforcement concrete works for two towers - 2A & 3A which are both 230 mts in height.
MISA recently commenced work on Road Drainage Works for King Abdul-Aziz International Airport Development Project-Phase1, Jeddah in KSA worth Rs. 268 Crores (approx.).
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. 63.38 |
|
|
1 |
Rs. 96.84 |
|
Euro |
1 |
Rs. 75.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.