MIRA INFORM REPORT
|
Report No. : |
303729 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAGARPATTA TOWNSHIP DEVELOPMENT AND CONSTRUCTION COMPANY LIMITED (w.e.f. 25.01.1996) |
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|
|
|
Formerly Known
As : |
MAGARPATTA TOWNSHIP DEVELOPMENT AND CONSTRUCTION COMPANY PRIVATE LIMITED |
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|
Registered
Office : |
13 Megaspace Solapur Bazar
Road, off East Street, Pune – 411001, Maharashtra |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.10.1994 |
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Com. Reg. No.: |
11-082257 |
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Capital Investment
/ Paid-up Capital : |
Rs. 891.002 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH1994PLC082257 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM01750A |
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|
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PAN No.: [Permanent Account No.] |
AABCM2461K |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Developing and Constructing “Magarpatta City” –a unique Township
Project of 400 Acres in Pune, Maharashtra |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 |
|
Maximum Credit Limit : |
USD 10000000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well – established company having fine track record. The rating reflects company’s healthy financial risk profile, marked
by adequate liquidity position and decent profitability margins of the
company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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.
LOCATIONS
|
Registered Office : |
13 Megaspace Solapur Bazar
Road, off East Street, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26345541/26342797/26341940 |
|
Fax No.: |
91-20-26342797/26345541 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Satish Dattatray Magar |
|
Designation : |
Managing Director |
|
Address : |
143, Magarpatta Hadapsar, Pune- 411028, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1958 |
|
Date of Appointment : |
21.10.1994 |
|
DIN No.: |
00007613 |
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|
|
|
Name : |
Mr. Umesh Dattatray Magar |
|
Designation : |
Whole-time director |
|
Address : |
143, Magarpatta Hadapsar, Pune- 411028, Maharashtra, India |
|
Date of Birth/Age : |
16.10.1959 |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00007594 |
|
|
|
|
Name : |
Mr. Dattatray Dhondo Magar |
|
Designation : |
Director |
|
Address : |
143, Magarpatta Hadapsar, Pune- 411028, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1931 |
|
Date of Appointment : |
21.10.1994 |
|
DIN No.: |
00007658 |
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|
|
|
Name : |
Mr. Maruti Hanumant Magar |
|
Designation : |
Director |
|
Address : |
Viham Bunglow no.33, Acacia-III, Magarpatta City Hadapsar, Pune-411013, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1969 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00009666 |
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|
|
|
Name : |
Mr. Chetan Vithal Tupe |
|
Designation : |
Director |
|
Address : |
147, Magarpatta Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1971 |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00030317 |
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|
|
|
Name : |
Mr. Mangesh Anandrao Tupe |
|
Designation : |
Director |
|
Address : |
Survey No.147, Magarpatta Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1963 |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00128175 |
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|
|
|
Name : |
Mr. Maloji Baburao Bhosale |
|
Designation : |
Managing Director |
|
Address : |
163, Bhosale garden, Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1947 |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00011256 |
|
|
|
|
Name : |
Mr. Avinash Arjun Tupe |
|
Designation : |
Director |
|
Address : |
S. No. 147/18, Mundhwa Road Magarpatta Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1958 |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
01217414 |
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|
|
|
Name : |
Mr. Nilesh Ashokrao Magar |
|
Designation : |
Managing Director |
|
Address : |
Magarpatta Hadapsar, Pune- 411028, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1976 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02134055 |
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|
|
|
Name : |
Mr. Nandkumar Dnyanoba Magar |
|
Designation : |
Director |
|
Address : |
Acacia Garden III, Pl no 18 Magarpatta City Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1966 |
|
Date of Appointment : |
29.09.2011 |
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DIN No.: |
05115758 |
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|
|
|
Name : |
Mr. Abasaheb Arjun Magar |
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Designation : |
Whole-time director |
|
Address : |
R/H No. A53 Erica, Magarpatta City, Hadapsar, Pune- 411013, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1972 |
|
Date of Appointment : |
29.09.2011 |
|
DIN No.: |
05120961 |
KEY EXECUTIVES
|
Name : |
Ms. Sapna James Jacob |
|
Designation : |
Chief Financial Officer |
|
Address : |
Plot No. 50, Mulberry Gardens III, Magarpatta City, Hadapsar, Pune –
411013, Maharashtra, India |
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Date of Birth/Age : |
13.09.1968 |
|
Date of Appointment : |
08.09.2014 |
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|
Name : |
Mr. Ishan Jayant Girme |
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Designation : |
Company Secretary |
|
Address : |
3, Sawatamali Co-operative Housing Society, Near PYC Ground,
Bhandarkar Road, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1968 |
|
Date of Appointment : |
08.09.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
Note: Shareholder File Attached
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
1.35 |
|
Directors or relatives of Directors |
29.17 |
|
Other top fifty shareholders |
33.82 |
|
Others |
35.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Developing and Constructing “Magarpatta City” –a unique Township
Project of 400 Acres in Pune, Maharashtra |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Tamilnad Mercantile Bank Limited, 13, Solapur Bazar Road, Camp, Pune - 411001, Maharashtra, India |
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Facilities : |
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Finance
Institution: |
HOUSING DEVELOPMENT
FINANCE CORPORATION LIMITED, RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH
MARG, MUMBAI - 400020, Maharashtra, INDIA |
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Auditors : |
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|
Name : |
D. R. Barve and Company Chartered Accountants |
|
Address : |
461/1, Sadashiv Peth, Opposites New English School, Tilak Road, Pune-411030, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABGPB3910K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
(U92419PN2006PTC022072)
(U74999PN1998PTC012940)
(U92419PN2006PTC022072)
(U70102PN2007PTC129923)
(U74999PN1998PTC012940)
(U45203PN2007PLC130734) |
|
|
|
|
Others: |
(U45209PN2006PLC022073) |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.100/- each |
Rs. 1000.000 Millions |
|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8910025 |
Equity Shares |
Rs.100/- each |
Rs. 891.002
Millions |
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|
|
|
|
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 |
891.002 |
891.002 |
891.002 |
|
(b) Reserves & Surplus |
2765.398 |
2553.785 |
2113.462 |
|
(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) |
3656.400 |
3444.787 |
3004.464 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1451.638 |
1984.948 |
2125.375 |
|
(b) Deferred tax liabilities (Net) |
753.376 |
649.676 |
373.317 |
|
(c) Other long term
liabilities |
2622.988 |
2643.950 |
1937.374 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4828.002 |
5278.574 |
4436.066 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
128.252 |
302.597 |
501.306 |
|
(c) Other
current liabilities |
4233.935 |
5341.581 |
7014.234 |
|
(d) Short-term
provisions |
264.347 |
410.849 |
318.886 |
|
Total Current
Liabilities (4) |
4626.534 |
6055.027 |
7834.426 |
|
|
|
|
|
|
TOTAL |
13110.936 |
14778.388 |
15274.956 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11245.008 |
12396.190 |
11107.189 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
12.284 |
1186.803 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
368.793 |
468.986 |
452.244 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.481 |
8.290 |
3.709 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
11622.282 |
12885.750 |
12749.945 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
915.108 |
1130.232 |
2361.527 |
|
(c) Trade
receivables |
147.958 |
264.226 |
229.509 |
|
(d) Cash
and cash equivalents |
-130.090 |
-131.207 |
-645.796 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
555.678 |
629.387 |
579.771 |
|
Total
Current Assets |
1488.654 |
1892.638 |
2525.011 |
|
|
|
|
|
|
TOTAL |
13110.936 |
14778.388 |
15274.956 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2100.609 |
4401.176 |
2974.190 |
|
|
|
Other Income |
54.285 |
31.990 |
332.397 |
|
|
|
TOTAL |
2154.894 |
4433.166 |
3306.587 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
21.656 |
753.911 |
(1040.786) |
|
|
|
Employees benefits expense |
176.686 |
163.865 |
149.519 |
|
|
|
Other expenses |
904.587 |
1979.954 |
2224.054 |
|
|
|
TOTAL |
1102.929 |
2897.730 |
1332.787 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1051.965 |
1535.436 |
1973.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
775.925 |
693.007 |
1035.945 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
276.040 |
842.429 |
937.855 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
426.012 |
480.193 |
409.625 |
|
|
|
|
|
|
|
|
|
Less/ Add |
EXCEPTIONAL ITEM |
(890.021) |
(750.142) |
(7.599) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
740.049 |
1112.378 |
535.829 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
258.937 |
500.807 |
181.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
481.112 |
611.571 |
354.024 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
54.00 |
68.64 |
39.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
22.90 |
13.90 |
11.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
50.08 |
34.89 |
66.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.81 |
7.78 |
3.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.32 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.40 |
0.58 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.32 |
0.31 |
0.32 |
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 |
891.002 |
891.002 |
891.002 |
|
Reserves & Surplus |
2113.462 |
2553.785 |
2765.398 |
|
Net worth |
3004.464 |
3444.787 |
3656.400 |
|
|
|
|
|
|
long-term borrowings |
2125.375 |
1984.948 |
1451.638 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
2125.375 |
1984.948 |
1451.638 |
|
Debt/Equity ratio |
0.707 |
0.576 |
0.397 |
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) |
|
Sales |
2974.190 |
4401.176 |
2100.609 |
|
|
|
47.979 |
-52.272 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2974.190 |
4401.176 |
2100.609 |
|
Profit |
354.024 |
611.571 |
481.112 |
|
|
11.90% |
13.90% |
22.90% |
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 |
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 |
No |
LITOGATION
DETAILS:
|
LITIGATION DETAILS |
||||
|
BOMBAY HIGH COURT |
||||
|
PRESENTATION Date: 03.03.2014 |
||||
|
LODGING NO.: ITXAL/555/20141 |
FILLING DATE: 03.03.2014 |
REG. NO.:
ITXA/1212/2014 |
REG.: 05.08.2014 |
|
|
PETITIONER:- |
THE COMMISSIONER OF INCOME TAX-II F |
RESPONDENT. |
MAGARPATTA TOWNSHIP DEVELOPMENT AND CONSTRUCTION COMPANY LIMITED |
|
|
PETN.: ADV. |
VIPUL ARUN BAJPAYEE (14135) |
|||
|
DISTRICT |
PUNE |
|||
|
|
|
|||
|
BENCH |
DIVISION |
|||
|
STATUS |
PRE - ADMISSION |
CATEGORY: TAX APPEALS |
||
|
LAST DATE: |
13.02.2015 |
STAGE: FOR REJECTION [ORIGINAL SIDE MATTERS |
||
|
LAST CORAM: |
ACCORDING TO SITTING LIST ACCORDING TO SITTING
LIST |
|||
|
ACT. |
INCOME TAX ACT, 1961 UNDER
SECTION: 260A |
|||
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2014 |
|
Guarantees |
24.900 |
|
Other money for which company is contingently liable |
169.100 |
|
Total |
194.000 |
*
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10536410 |
27/11/2014 |
195,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE
169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C36846111 |
|
2 |
10525598 |
25/09/2014 |
760,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169
BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29473550 |
|
3 |
10518038 |
08/08/2014 |
175,000,000.00 |
HOUSING DEVELOPMENT
FINANCE CORPORATION LIMITED |
RAMON HOUSE H T
PAREKH MARG, 169, BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
C19188549 |
|
4 |
10479309 |
06/10/2014 * |
47,500,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY
RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C24386914 |
|
5 |
10414618 |
06/10/2014 * |
61,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY
RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29489432 |
|
6 |
10399689 |
06/10/2014 * |
307,700,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY
RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29488947 |
|
7 |
10387038 |
03/05/2014 * |
80,000,000.00 |
TAMILNAD
MERCANTILE BANK LIMITED |
13 SOLAPUR
BAZAR ROAD,, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
C05025069 |
|
8 |
10378780 |
06/10/2014 * |
171,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE
169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29482197 |
|
9 |
10361083 |
06/10/2014 * |
108,000,000.00 |
HOUSING DEVELOPMENT
FINANCE CORPORATION LIMITED |
RAMON HOUSE
169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29487824 |
|
10 |
10359690 |
06/10/2014 * |
110,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY
RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29487402 |
* date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--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 |
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 |
|
64 |
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.