MIRA INFORM REPORT
|
Report No. : |
331328 |
|
Report Date : |
13.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TATA
TELESERVICES LIMITED |
|
|
|
|
Registered
Office : |
10th Floor, Tower I, Jeevan Bharati, 124, Connaught Circus,
New Delhi – 110001 |
|
Tel. No.: |
91-11-66558555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.03.1995 |
|
|
|
|
Com. Reg. No.: |
55-066685 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.71926.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC066685 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELT02239G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT2438A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Service provider of Broadband and Telecommunication. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 158000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Tata Group”. It is an established company
incorporated in the year 1995. It has a satisfactory track record. The company possesses a weak market position which led to continuous
losses and highly leveraged capital structure. The rating also takes into consideration, the strategic importance of
the subject of TATA Group to expand its presence in the telecom segment as
well as enabling the company to leverage the TATA brand in marketing its
products. Moreover, the subject derives technological support from Docomo, which
is a market leader in cellular phone market in Japan backed by regular and
timely equity infusion by the TATA Group reflecting the groups long term
commitment to its telecom business. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of strong financial and managerial support from its promoters,
the subject can be considered for 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long term bank loan
facilities = A- |
|
Rating Explanation |
Adequate degree of
safety and low credit risk. |
|
Date |
June 30, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank
loan facilities = A1 |
|
Rating Explanation |
Very strong degree
of safety and carry lowest credit risk. |
|
Date |
June 30, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
Management non co-operative (91-11-66558555)
LOCATIONS
|
Registered Office : |
10th Floor, Tower I, Jeevan Bharati, 124, Connaught Circus,
New Delhi – 110001, India |
|
Tel. No.: |
91-11-66558555 / 65544000 / 03 |
|
Fax No.: |
91-11-23326855 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
A, E & F Blocks, Voltas Premises, T. B. Kadam Marg, Chinchpokli,
Mumbai-400033, Maharashtra, India |
|
Tel. No.: |
91-22-66671414 |
|
Fax No.: |
91-22-66605335 |
|
|
|
|
Branches : |
v East Zone
v West Zone
v South Zone
v North Zone
|
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Ravi Mahinder Lambah |
|
Designation : |
Director |
|
Address : |
101, Urvashi Apartments, 66 Nepeansea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Appointment : |
11.12.2012 |
|
DIN No.: |
03196888 |
|
|
|
|
Name : |
Mr. Srinath Narasimhan |
|
Designation : |
Managing Director |
|
Address : |
801, Grandbay Apartments, 8th Floor, 17th Hill Road, Bandra West, Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
08.07.1962 |
|
Qualification : |
B. Tech. (Mech.), M.B.A. |
|
Date of Appointment : |
17.01.2003 |
|
DIN No.: |
00058133 |
|
|
|
|
Name : |
Mr. Ishaat Hussain |
|
Designation : |
Nominee Director |
|
Address : |
222-A Ncpa Apartments, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1947 |
|
Qualification : |
B.A. (Eco.), .F.C.A. (Eng. & Wales) |
|
Date of Appointment : |
29.09.1999 |
|
DIN No.: |
00027891 |
|
|
|
|
Name : |
Kazuto Tsubouchi |
|
Designation : |
Director |
|
Address : |
1-2-5, Shinanomachi Setagaya-Ku, Tokyo, 1540014, JAPAN |
|
Date of Birth/Age : |
02.05.1952 |
|
Qualification : |
B. L. |
|
Date of Appointment : |
25.03.2009 |
|
DIN No.: |
02455485 |
|
|
|
|
Name : |
Mr. Cyrus Pallonji Mistry |
|
Designation : |
Director |
|
Address : |
Sterling Bay, 103, Walkeshwar Road, Walkeshwar, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
04.07.1968 |
|
Qualification : |
B.E. (Civil Engg.), M.Sc. (Mgmt.) |
|
Date of Appointment : |
24.02.2012 |
|
DIN No.: |
00010178 |
|
|
|
|
Name : |
Hajime Kii |
|
Designation : |
Director |
|
Address : |
Room 201, Toyosawa Company Residence, 2-33-13, Ebisu, Sibuya-Ku, Tokyo, Na, , Japan |
|
Date of Birth/Age : |
20.04.1960 |
|
Date of Appointment : |
03.07.2012 |
|
DIN No.: |
05307704 |
|
|
|
|
Name : |
Mr. Narendra Damodar Jadhav |
|
Designation : |
Additional Director |
|
Address : |
Vice Chancellor's Lodge, University of Pune, Ganeshkhind Pune - 411007, Maharashtra, India |
|
Date of Appointment : |
17.03.2015 |
|
DIN No.: |
02435444 |
|
|
|
|
Name : |
Bharati Rao |
|
Designation : |
Additional Director |
|
Address : |
308, Kumar Paradise, BP Wadia Road, Bangalore - 560004, Karnataka, India |
|
Date of Appointment : |
17.03.2015 |
|
DIN No.: |
01892516 |
|
|
|
|
Name : |
Vibha Paul Rishi |
|
Designation : |
Additional Director |
|
Address : |
812 Aralias, 12th Floor, Block - 8, Golf Link, DLF City - V, Gurgaon - 122002, Haryana, INDIA |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
05180796 |
|
|
|
|
Name : |
Seiichi Ikeda |
|
Designation : |
Alternate Director |
|
Address : |
Primrose Court 203, Kosugigoten-Cho 2-91, Nakahara-Ku, Kanagawa, NA, JAPAN |
|
Date of Appointment : |
15.05.2015 |
|
DIN No.: |
06549810 |
KEY EXECUTIVES
|
Name : |
Mr. Bhaskar Thanjavur Chandran |
|
Designation : |
Secretary |
|
Address : |
402, 4th Floor, LE - Mirage 413, 14th Road, Khar - West, MUMBAI, 400052, Maharashtra, INDIA |
|
Date of Birth/Age : |
24.05.1963 |
|
Date of Appointment : |
01.06.2014 |
|
PAN No.: |
ACMPC0263H |
MAJOR SHAREHOLDERS
As on 29.09.2014
SHAREHOLDERS FILE ATTACHED
As on 31.03.2015
|
Names of
Shareholders |
No. of Shares |
|
Tata
Sons Limited, India |
98029035 |
|
Tata Sons Limited,
India |
2406177 |
|
Tata Sons Limited,
India |
2008080 |
|
Total |
102443292 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
35.91 |
|
Bodies corporate |
63.61 |
|
Directors or relatives of Directors |
0.41 |
|
Other top fifty shareholders |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service provider of Broadband and Telecommunication. |
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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 Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
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|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Tata Sons Limited (Upto March 25, 2013) |
|
|
|
|
Subsidiary : |
|
|
|
|
|
Associate : |
Tata Teleservices (Maharashtra) Limited ('TTML') |
|
|
|
|
Joint Venture : |
Virgin Mobile Private Limited |
|
|
|
|
Enterprise having
significant influence : |
|
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital: Rs.150000.000
Million
Issued, Subscribed & Paid-up Capital: Rs.92124.657 Million
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7513682100 |
Equity Shares |
Rs.10/- each |
Rs.75136.821 Million |
|
2586317900 |
Preference Shares |
Rs. 10/- and Rs. 100/- each |
Rs. 48363.179 Million |
|
2650000000 |
Unclassified Shares |
|
Rs.26500.000 Million |
|
|
Total
|
|
Rs.150000.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4712391413 |
Equity Shares |
Rs.10/- each |
Rs.47123.914
Million |
|
248020601 |
Preference Shares |
Rs.100/-
each |
Rs. 24802.060
Million |
|
|
Total |
|
Rs.71926.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
71926.000 |
47123.900 |
47123.900 |
|
(b) Reserves &
Surplus |
(127417.800) |
(65752.900) |
(17168.800) |
|
(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) |
(55491.800) |
(18629.000) |
29955.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
184537.000 |
182625.000 |
134321.600 |
|
(b) Deferred tax
liabilities (Net) |
867.000 |
881.800 |
383.100 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
61.600 |
2200.400 |
1451.300 |
|
Total Non-current
Liabilities (3) |
185465.600 |
185707.200 |
136156.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
36469.300 |
40985.500 |
51822.800 |
|
(b) Trade payables |
5435.900 |
7515.700 |
8407.700 |
|
(c) Other current
liabilities |
55573.200 |
44270.400 |
45311.500 |
|
(d) Short-term provisions |
5839.000 |
3000.700 |
2256.100 |
|
Total Current Liabilities
(4) |
103317.400 |
95772.300 |
107798.100 |
|
|
|
|
|
|
TOTAL |
233291.200 |
262850.500 |
273909.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
102305.200 |
113314.500 |
122960.600 |
|
(ii) Intangible Assets |
58875.100 |
63653.200 |
68284.500 |
|
(iii) Capital
work-in-progress |
2124.300 |
1687.600 |
4128.800 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
20048.500 |
31061.500 |
30971.500 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19337.500 |
16178.300 |
11647.900 |
|
(e) Other Non-current
assets |
626.400 |
637.900 |
624.200 |
|
Total Non-Current Assets |
203317.000 |
226533.000 |
238617.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1305.000 |
7934.900 |
2740.000 |
|
(b) Inventories |
113.500 |
77.100 |
92.800 |
|
(c) Trade receivables |
7994.500 |
12829.400 |
14252.200 |
|
(d) Cash and cash
equivalents |
14105.800 |
4625.900 |
7792.300 |
|
(e) Short-term loans and
advances |
5363.100 |
8459.300 |
7826.500 |
|
(f) Other current assets |
1092.300 |
2390.900 |
2587.900 |
|
Total Current Assets |
29974.200 |
36317.500 |
35291.700 |
|
|
|
|
|
|
TOTAL |
233291.200 |
262850.500 |
273909.200 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
103527.700 |
107083.700 |
98968.200 |
|
|
Other Income |
1309.200 |
1508.700 |
(597.800) |
|
|
TOTAL |
104836.900 |
108592.400 |
98370.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
351.100 |
191.700 |
209.700 |
|
|
Employees benefits
expense |
8673.500 |
8531.400 |
9765.900 |
|
|
Exceptional items |
15013.600 |
0.000 |
0.000 |
|
|
Other expenses |
93935.400 |
104741.000 |
92086.000 |
|
|
TOTAL |
117973.600 |
113464.100 |
102061.600 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(13136.700) |
(4871.700) |
(3691.200) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
25124.500 |
21731.300 |
16716.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(38261.200) |
(26603.000) |
(20407.700) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23403.700 |
21981.100 |
21875.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(61664.900) |
(48584.100) |
(42282.800) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(61664.900) |
(48584.100) |
(42282.800) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
1881.100 |
1173.700 |
7358.100 |
|
|
TOTAL IMPORTS |
1881.100 |
1173.700 |
7358.100 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(13.08) |
(10.30) |
(8.97) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
24062.600 |
11304.400 |
6846.500 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
723.400 |
(5735.900) |
(7980.900) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(59.56) |
(45.37) |
(42.72) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(12.69) |
(4.55) |
(3.73) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(29.21) |
(21.11) |
(17.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.11 |
2.61 |
(1.41) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(4.42) |
(12.61) |
6.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.29 |
0.38 |
0.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
47123.900 |
47123.900 |
71926.000 |
|
Reserves & Surplus |
(17168.800) |
(65752.900) |
(127417.800) |
|
Net worth |
29955.100 |
(18629.000) |
(55491.800) |
|
|
|
|
|
|
long-term borrowings |
134321.600 |
182625.000 |
184537.000 |
|
Short term borrowings |
51822.800 |
40985.500 |
36469.300 |
|
Current Maturities of
Long Term Debt |
6846.500 |
11304.400 |
24062.600 |
|
Total borrowings |
192990.900 |
234914.900 |
245068.900 |
|
Debt/Equity ratio |
6.443 |
(12.610) |
(4.416) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
98968.200 |
107083.700 |
103527.700 |
|
|
|
8.200 |
(3.321) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
98968.200 |
107083.700 |
103527.700 |
|
Profit |
(42282.800) |
(48584.100) |
(61664.900) |
|
|
(42.72%) |
(45.37%) |
(59.56%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
Subject is a part of the Tata Group, became a pan-India telecom operator in January 2005. The Company has Unified Access (Basic and Cellular) Service License (“UASL”) to operate in 17 circles and National Long Distance (“NLD”) license to provide the NLD services within India. During previous year, Company has ceased to operate in Assam, Jammu and Kashmir and North East telecom circles pursuant to order of the Hon’ble Supreme Court on 2G licenses.
The Company had participated in the auction of Third Generation (“3G”) services spectrum conducted by the DoT. Consequently, the Company has won 3G spectrum in 8 Circles namely - Gujarat, Karnataka, Kerala, Punjab, Haryana, Uttar Pradesh (West), Rajasthan and Madhya Pradesh and paid Rs 4,606.47 crores as a one-time spectrum fee.
On November 12, 2008, the Company, Tata Sons Limited (“TSL”) and NTT DOCOMO, Inc. (“DOCOMO”) entered into definitive agreements for the acquisition of 26 per cent equity stake (on a fully diluted basis) by DOCOMO in TTSL. As at March 31, 2014, DOCOMO holds 26.50 percent (March 31, 2013, 26.50 percent) stake in TTSL.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Non-convertible debentures banks |
10000.000 |
5000.000 |
|
SHORT TERM
BORROWING |
|
|
|
Term loans from banks |
11500.000 |
850.000 |
|
Commercial paper |
0.000 |
9550.000 |
|
Total |
21500.000 |
15400.000 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10575800 |
19/06/2015 * |
9,650,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C57198723 |
|
2 |
10544449 |
29/12/2014 |
1,750,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C41141623 |
|
3 |
10536680 |
19/12/2014 * |
49,500,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C37774288 |
|
4 |
10526877 |
05/11/2014 * |
45,000,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C33863754 |
|
5 |
10510669 |
27/06/2014 |
1,500,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C12671517 |
|
6 |
10484983 |
21/03/2014 |
3,100,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C-2, WADIA INTERNATIONAL CENTRE, PB MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C00537183 |
|
7 |
10466087 |
01/12/2014 * |
3,500,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C36737427 |
|
8 |
10429147 |
31/05/2013 * |
20,000,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
B78567690 |
|
9 |
10410041 |
30/12/2014 * |
10,000,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
C40107302 |
|
10 |
10388336 |
31/01/2014 * |
16,500,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA |
B97372403 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Leasehold improvements
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.63.37 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
4 |
|
--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 |
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 |
|
43 |
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.