MIRA INFORM REPORT
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Report No. : |
329879 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIRLA PRECISION TECHNOLOGIES LIMITED (w.e.f. 04.01.2008) |
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Formerly Known
As : |
BIRLA KENNAMETAL LIMITED |
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Registered
Office : |
B-15/4, MIDC Industrial Area, Waluj, |
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Tel. No.: |
91-240-2554300/2554301/2554945 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
13.10.1986 |
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Com. Reg. No.: |
11-041214 |
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Capital
Investment / Paid-up Capital : |
Rs.105.304 Million |
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CIN No.: [Company Identification
No.] |
L29220MH1986PLC041214 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
NSKB01779B |
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PAN No.: [Permanent Account No.] |
AAACB2046A |
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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
: |
Manufacturer, Exporter of Industrial
Engineering Goods, Machine Tools. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems slight dip in the turnover of the company and drastic dip
in the profit of the company during the FY 2014. However, net worth of the
company Is satisfactory. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Shyamraj |
|
Designation : |
Account Head |
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Contact No.: |
91-240-2554300 |
|
Date : |
30.06.2015 |
LOCATIONS
|
Registered Office : |
B-15/4, MIDC Industrial Area, Waluj, Aurangabad – 431133, Maharashtra,
India |
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Tel. No.: |
91-240-2554300/2554301/2554945 |
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Fax No.: |
91-240-2554302 |
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E-Mail : |
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Website : |
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Plant Location : |
Tool Holder Division: B- 15/4, M.I.D.C., Waluj, Aurangabad -431133, Maharashtra, India Tool Division: B-l5/3/l, M.I.D.C.,Waluj, Aurangabad- 431133, Maharashtra, India 62/63, M.I.D.C., Satpur, Nashik - 422007, Maharashtra, India Foundry Division
: B-l5/3/2, M.I.D.C.,Waluj, Aurangabad- 431133, Maharashtra,
India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. M.S. Arora |
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Designation : |
Managing
Director |
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Name : |
Mr. Shailesh Sheth |
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Designation : |
Director |
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Name : |
Mr. M.S. Adige |
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Designation : |
Director |
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Name : |
Mr.
Augustine Kurias |
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Designation : |
Director |
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Name : |
Smt.
Avanti Birla |
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Designation : |
Director (Resigned w.e.f 17th October, 2013) |
KEY EXECUTIVES
|
Name : |
Ms. Rupa Khanna |
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Designation : |
Company Secretary |
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Name : |
Mr. Gopinath Barhate |
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Designation : |
Finance Officer |
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Name : |
Mr. Shyamraj |
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Designation : |
Account Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding
as a % of Total No. of Shares |
|
As a % of (A+B+C) |
||
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(A) Shareholding of Promoter
and Promoter Group |
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|
380007 |
0.72 |
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|
26734645 |
50.78 |
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27114652 |
51.50 |
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Total shareholding of Promoter
and Promoter Group (A) |
27114652 |
51.50 |
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(B) Public Shareholding |
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|
1222 |
0.00 |
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|
56741 |
0.11 |
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|
57963 |
0.11 |
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|
7855352 |
14.92 |
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|
|
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|
10471131 |
19.89 |
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|
6833033 |
12.98 |
|
|
319625 |
0.61 |
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|
887 |
0.00 |
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|
309189 |
0.59 |
|
|
9549 |
0.02 |
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|
25479141 |
48.39 |
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Total Public shareholding (B) |
25537104 |
48.50 |
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Total (A)+(B) |
52651756 |
100.00 |
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(C) Shares held by Custodians
and against which Depository Receipts have been issued |
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
|
Total (A)+(B)+(C) |
52651756 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter of Industrial
Engineering Goods, Machine Tools. |
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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 : |
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Products : |
Tools |
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Countries : |
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Imports : |
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Products : |
Cutting Tools |
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Countries : |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
Note: (As On 31.03.2014) Long-term
Borrowings Security and Salient Terms: (a) Rupee Term Loan of Rs.15.863 Million (Previous Year Rs.31.675 Million) first charge by way of hypothecation of company’s entire stocks of raw materials, semi-finished and finished goods, consumable stores and spares and such other movables including book-debts, bills whether documentary or clean, outstanding monies, receivables, both present and future, ranking pari-passu with existing bankers. Exclusive First charge by way of hypothecation of all Plant and Machinery and other movable fixed assets of the company to be funded of the term loan from the bank. Interest rate is linked to Banks’ Prime Lending Rate / Base Rate plus margin is repayable in twenty quarterly installments starting from June 2010 and ending in March, 2015. (b) The Car Loan of Rs.Nil (Previous Year Rs.2.231 Million) is secured by hypothecation of the car. Interest is payable @ 12.15% p.a. and is repayable in sixty monthly installments starting from March, 2009 and ending in February 2014. (c) The Car Loan of Rs.2.471 Million (Previous Year Rs.5.794 Million) is secured by hypothecation of the car. Interest is payable @ 8.74% & 10.50% p.a. and is repayable in thirty six and sixty monthly installments respectively starting from March, 2011 and July 2012 and ending in February 2014 and June 2017. (d) The Car Loan of Rs.0.333 Million (Previous Year Rs.0.525 Million) is secured by hypothecation of the car. Interest is payable @ 11.58% p.a. and is repayable in thirty six monthly installments starting from September 2012 and ending in August 2015. (e) Sales Tax deferred payment loan of Rs.8.285 Million (Previous Year Rs.1.123 Million) is interest free and payable in thirteen yearly installments starting from May 2003 and ending in May 2015. Sales Tax deferred payment loan of Rs.46.035 Million (Previous Year Rs.55.155 Million) is interest free and installments schedule is not yet received from the department. Short-term borrowings Security and Salient Terms: (a) Foreign currency loan of Rs.157.552 Million (Previous Year Rs.171.108 Million) first charge by way of hypothecation of company’s entire stocks of raw materials, semi-finished and finished goods, consumable stores and spares and such other movables including book-debts, bills whether documentary or clean, outstanding monies, eceivables, both present and future, ranking pari-passu with existing bankers. Exclusive First charge by way of hypothecation of all Plant and Machinery and other movable fixed assets of the company to be funded from the term loan from the Bank. (b) Rupee loan of Rs.11.272 Million (Previous Year Rs.Nil) first charge by way of hypothecation of company’s entire stocks of raw materials, semifinished and finished goods, consumable stores and spares and such other movables including book-debts, bills whether documentary or clean, outstanding monies, receivables, both present and future, ranking pari-passu with existing bankers. Exclusive First charge by way of hypothecation of all Plant and Machinery and other movable fixed assets of the company to be funded from the term loan from the Bank. (c) Rupee loans of Rs.84.002 Million (Previous Year Rs.125.362 Million) first charge by way of hypothecation of company’s entire current assets on pari pasu basis with other working capital bankers and second pari pasu charge over the entire fixed assets of the Company to be shared with other working capital bankers. (d) The rates of interest for foreign currency loan ranges
from 4% p.a. to 7% p.a. and 12% p.a. to 19% p.a. for rupee loans. |
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Auditors : |
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Name : |
Thakur, Vaidyanath Aiyar and Company Chartered Accountants |
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Address : |
11-B, Vatsa House, (RPI House), Janmabhoomi Marg, Fort, Mumbai –
400001, Maharashtra, India |
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Tel. No.: |
91-22-22842502/22870067 |
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Fax No.: |
91-22-22046386 |
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E-Mail : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises owned
or significantly influenced by Key Management personnel or their relatives: (As On 31.03.2014) |
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CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital: Rs. 1200.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 105.304
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000000 |
Equity Shares |
Rs.2/- each |
Rs.1200.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52651756 |
Equity Shares |
Rs.2/- each |
Rs.105.304 Million |
|
|
|
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|
Note:
3,66,51,756 Equity Shares issued, subscribed and fully paid up share capital were allotted in the last five years pursuant to the scheme of merger and amalgamation without payment being received in cash (3,66,51,756).
The reconciliation of the number of shares outstanding is set out below:
|
Equity Shares |
Number
of Shares |
Rs. In Million |
|
At the beginning of the year |
52651756 |
105.304 |
|
Issued during the year |
-- |
-- |
|
Outstanding at
the end of the year |
52651756 |
105.304 |
The Company has only one class of equity shares having a par value of Rs.2/- Each holder of equity shares is entitled to one vote per share. The Company declares and pay dividend if any, in Indian rupees. The dividend proposed if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
The details of Shareholders holding more than 5% shares:
|
Name of Shareholder |
Number
of Shares |
% holding |
|
Equity shares of Rs.2/- each fully paid |
|
|
|
Shearson
Investment and Trading Company Private Limited |
10519289 |
19.98 |
|
Nirved Traders Private Limited |
6468329 |
12.29 |
|
Vedant Consultancy Private Limited |
4607663 |
8.75 |
As per of the company, including its register of shareholders / members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
105.304 |
105.304 |
105.304 |
|
(b) Reserves &
Surplus |
1194.250 |
1205.433 |
1173.986 |
|
(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) |
1299.554 |
1310.737 |
1279.290 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
59.208 |
53.985 |
76.336 |
|
(b) Deferred tax
liabilities (Net) |
5.112 |
11.538 |
25.913 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
18.712 |
12.258 |
14.637 |
|
Total Non-current
Liabilities (3) |
83.032 |
77.781 |
116.886 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
276.313 |
265.747 |
382.401 |
|
(b) Trade payables |
223.001 |
213.688 |
289.194 |
|
(c) Other current
liabilities |
108.237 |
151.719 |
180.652 |
|
(d) Short-term provisions |
67.136 |
86.398 |
100.255 |
|
Total Current Liabilities
(4) |
674.687 |
717.552 |
952.502 |
|
|
|
|
|
|
TOTAL |
2057.273 |
2106.070 |
2348.678 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
414.776 |
461.814 |
542.278 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
1.353 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.490 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
58.702 |
67.409 |
67.411 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
473.478 |
529.223 |
611.532 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
283.141 |
295.818 |
392.205 |
|
(c) Trade receivables |
724.838 |
720.038 |
645.949 |
|
(d) Cash and cash
equivalents |
69.099 |
73.001 |
91.452 |
|
(e) Short-term loans and
advances |
360.896 |
376.179 |
530.088 |
|
(f) Other current assets |
145.821 |
111.811 |
77.452 |
|
Total Current Assets |
1583.795 |
1576.847 |
1737.146 |
|
|
|
|
|
|
TOTAL |
2057.273 |
2106.070 |
2348.678 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
1552.494 |
1550.238 |
1671.423 |
|
|
Other Income |
36.160 |
73.392 |
60.963 |
|
|
TOTAL (A) |
1588.654 |
1623.630 |
1732.386 |
|
|
|
(Due To Market
Fluctuation) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
571.588 |
545.443 |
663.917 |
|
|
Purchases of
Stock-in-Trade |
18.737 |
18.404 |
18.953 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
8.230 |
30.539 |
(49.988) |
|
|
Employees benefits
expense |
327.086 |
301.474 |
315.303 |
|
|
Other expenses |
522.421 |
515.576 |
521.063 |
|
|
TOTAL (B) |
1448.062 |
1411.436 |
1469.248 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
140.592 |
212.194 |
263.138 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
74.262 |
79.137 |
84.657 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
66.330 |
133.057 |
178.481 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
66.111 |
86.746 |
86.330 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
0.219 |
46.311 |
92.151 |
|
|
|
|
|
|
|
Less |
TAX (H) |
6.148 |
17.864 |
(9.969) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
(5.929) |
28.447 |
102.120 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
673.226 |
644.779 |
542.659 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (J+K+L-M) |
667.297 |
673.226 |
644.779 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
218.481 |
225.600 |
|
|
Freight |
NA |
|
|
|
|
Insurance |
NA |
|
|
|
|
TOTAL EARNINGS |
NA |
218.481 |
225.600 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
6.352 |
78.367 |
|
|
Components and Stores
parts |
NA |
3.515 |
2.944 |
|
|
Capital Goods |
NA |
0.392 |
8.657 |
|
|
TOTAL IMPORTS |
NA |
10.259 |
89.968 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(0.11) |
0.54 |
1.94 |
Expected Sales (2015-2016): Rs. 1600.000 Million
The above information has been parted by Mr. Shyamraj (Account Head).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
19.001 |
23.167 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.38) |
1.84 |
6.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.06 |
13.69 |
15.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.01 |
2.20 |
3.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.04 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26 |
0.26 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.35 |
2.20 |
1.82 |
STOCK
PRICES
|
Face Value |
Rs.2/- |
|
Market Value |
Rs.2.55/- |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
105.304 |
105.304 |
105.304 |
|
Reserves & Surplus |
1173.986 |
1205.433 |
1194.250 |
|
Net worth |
1279.290 |
1310.737 |
1299.554 |
|
|
|
|
|
|
long-term borrowings |
76.336 |
53.985 |
59.208 |
|
Short term borrowings |
382.401 |
265.747 |
276.313 |
|
Total borrowings |
481.904 |
338.733 |
335.521 |
|
Debt/Equity ratio |
0.377 |
0.258 |
0.258 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1671.423 |
1550.238 |
1552.494 |
|
|
|
(7.250) |
0.146 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1671.423 |
1550.238 |
1552.494 |
|
Profit |
102.120 |
28.447 |
(5.929) |
|
|
6.11% |
1.84% |
(0.38%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Sales Tax Deferred Payment Loan |
NA |
52.018 |
|
SHORT-TERM
BORROWINGS |
|
|
|
From Bodies Corporates |
NA |
11.922 |
|
From Others |
NA |
1.000 |
|
Total |
NA |
64.940 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10554274 |
16/02/2015 |
25,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C46190930 |
|
2 |
10389844 |
06/11/2012 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B63276182 |
|
3 |
10390600 |
12/10/2012 |
2,503,000,000.00 |
STATE BANK OFINDIA |
INDUSTRIAL FINANCE BRANCH, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B63585830 |
|
4 |
10306550 |
16/08/2011 |
195,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B20661278 |
|
5 |
10299755 |
16/02/2015 * |
230,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C46193215 |
|
6 |
10131023 |
06/10/2008 |
37,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A51309300 |
|
7 |
10123461 |
16/09/2008 |
100,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A45875424 |
|
8 |
10123463 |
11/09/2008 |
200,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL
INFOTECH PARK, T |
A45963253 |
|
9 |
90165234 |
23/08/1997 |
2,500,000.00 |
BANK OF MAHARASHTRA |
AURANGABAD CITY BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
10 |
90162965 |
06/07/1994 |
1,900,000.00 |
BANK OF MAHARASHTRA |
AURANGABAD CITY BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Leasehold Land
· Buildings
· Plant and Machinery
· Furniture, Fixtures
· Office Equipment’s
· Vehicles
Intangible Assets
· Technical Knowhow Fee
· Software
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 records 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.63.62 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.