MIRA INFORM REPORT
|
Report No. : |
334232 |
|
Report Date : |
28.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MODERN ROAD MAKERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
IRB Complex, Chadivali Farm, |
|
Tel. No.: |
91-22-66404220 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.03.1994 |
|
|
|
|
Com. Reg. No.: |
11-077075 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.310.950 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45203MH1994PTC077075 |
|
|
|
|
IEC No.: |
0399066659 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM10038A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3816F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Development of
various infrastructure projects in the road sector through several Special
Purpose Vehicles. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “IRB Infrastructure Developers Limited”. It
is a well-established company having fine track record. For the financial year ended 2014, sales turnover of the company has
declined which has resulted into dip in profit of the company during a year
under a review. Rating also takes into consideration MRMPL’s significant experience in
the road construction sector by virtue of being Engineering, Procurement and Construction
supported by adequate financial base and sound networth base of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of aforesaid, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities= A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
30.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
30.03.2015 |
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 (91-22-67336400 / 67335900)
LOCATIONS
|
Registered Office : |
IRB Complex, Chadivali Farm, |
|
Tel. No.: |
91-22-66404220 |
|
Fax No.: |
91-22-66751024 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. (Approximately) |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
17 and 18, Nirmiti Eminence, Saint Gulavani Maharaj Path, Erndwane,
Pune – 411004, |
|
Tel. No.: |
91-20-25457480 |
|
Fax No. : |
91-20-25459582 |
DIRECTORS
AS ON 04.09.2014
|
Name : |
Mr. Virendra Dattatraya Mhaiskar |
|
Designation : |
Managing Director |
|
Address : |
IRB Complex, Chandivali Farm, Saki Vihar, Road, Andheri (East), Mumbai
- 400072, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1971 |
|
Date of Appointment : |
15.03.1994 |
|
DIN No.: |
00183554 |
|
|
|
|
Name : |
Mr. Govind Guno Desai |
|
Designation : |
Director |
|
Address : |
Kedar Apartment, Bhandar Lane, L.J. Road, Mahim, Mumbai - 400015,
Maharashtra, India |
|
Date of Birth/Age : |
04.06.1933 |
|
Date of Appointment : |
28.04.2014 |
|
DIN No.: |
00140853 |
|
|
|
|
Name : |
Mrs. Deepali Virendra Mhaiskar |
|
Designation : |
Director |
|
Address : |
IRB Complex, Chandivali Farm, Saki Vihar, Road, Andheri (East), Mumbai
- 400072, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1973 |
|
Date of Appointment : |
15.03.1999 |
|
DIN No.: |
00309884 |
|
|
|
|
Name : |
Mr. Chandrashekhar Shankarrao Kaptan |
|
Designation : |
Director |
|
Address : |
Kaptan Wada, Zenda Chowk, Mahal, Nagpur - 440002, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1952 |
|
Date of Appointment : |
10.09.2007 |
|
DIN No.: |
01643564 |
|
|
|
|
Name : |
Mr. Mukeshlal Gupta |
|
Designation : |
Director |
|
Address : |
Flat No 3-F/93, 9th Floor, Kalpataru Aura, Opposite R-City Mall, L B S
Marg, Ghatkopar (West). Mumbai - 400086, Maharashtra, India |
|
Date of Birth/Age : |
26.03.1956 |
|
Date of Appointment : |
20.03.2008 |
|
DIN No.: |
02121698 |
|
|
|
|
Name : |
Mr. Dhananjay Krishnaji Joshi |
|
Designation : |
Director |
|
Address : |
A-301 3rd Floor, Runwal Pride, Behind R Mall, L B S Marg Mulund West,
Mumbai - 400080, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1973 |
|
Date of Appointment : |
28.06.2012 |
|
DIN No.: |
02757916 |
|
|
|
|
Name : |
Mr. Ajay Pralhadrao Deshmukh |
|
Designation : |
Director |
|
Address : |
1302, Bloomingdale, Hiranandani Estate, Patlipada, Thane (West), Thane
- 400607, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1968 |
|
Date of Appointment : |
21.09.2009 |
|
DIN No.: |
02757929 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Dayashankar Yadav |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-1203, Rivera Siddheshwar Garden,, Kolshet Road, Dhokali, Thane -
400607, Maharashtra, India |
|
Date of Appointment : |
30.09.2014 |
|
PAN No.: |
ABIPY2804K |
|
|
|
|
Name : |
Mr. Dhananjay Krishnaji Joshi |
|
Designation : |
Chief Executive Officer |
|
Address : |
A-301 3rd Floor, Runwal Pride, Behind R Mall, L B S Marg Mulund West,
Mumbai - 400080, Maharashtra, India |
|
Date of Appointment : |
30.09.2014 |
|
PAN No.: |
AGHPJ8773E |
|
|
|
|
Name : |
Mr. Urmil Kishor Shah |
|
Designation : |
Secretary |
|
Address : |
D/1, Panchvati Apartment Co-Operative Housing Society Limited,
Opposite Baliram Industrial Estate, S. V. Road, Dahisar (East), Mumbai -
400068, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1985 |
|
Date of Appointment : |
13.06.2011 |
|
PAN No.: |
BJXPS4189K |
MAJOR SHAREHOLDERS
AS ON 04.09.2014
|
Names of Shareholders |
No. of Shares |
|
IRB Infrastructure Developers Limited |
3109496 |
|
Mr. Virendra Dattraya Mhaiskar (Nominee of IRB Infrastructure
Developers Limited) |
1 |
|
Mr. Dhananjay K. Joshi (Nominee of IRB Infrastructure Developers
Limited) |
1 |
|
Mr. Mukeshlal Gupta (Nominee of IRB Infrastructure Developers Limited) |
1 |
|
Mr. Ajay P. Deshmukh (Nominee of IRB Infrastructure Developers
Limited) |
1 |
|
|
|
|
Total |
3109500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 04.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Development of
various infrastructure projects in the road sector through several Special
Purpose Vehicles. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
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 : |
·
Standard Chartered Bank, 90, M G Road, Fort,
Mumbai – 400001, Maharashtra, India ·
ICICI Bank Limited, Zenith House, K K Marg,
Mumbai – 400034, Maharashtra, India ·
Union Bank of India, Hong Kong Branch, Unit
1903-04, 19th Floor, Nine’s Queen Road Central, Hong Kong –
19031904 ·
ABN Amro Bank Limited ·
HDFC Bank Limited |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
A J Kotwal and Company Chartered Accountant |
|
Address : |
14, Ambalal Doshi Marg, |
|
Tel. No.: |
91-22-30209614/ 24380537 |
|
PAN No.: |
AAFFA9999P |
|
|
|
|
Membership : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company : |
· IRB Infrastructure Developers Limited |
|
|
|
|
Subsidiaries : |
· MRM Cement Private Limited · JJ Patel Infrastructural and Engineering Private Limited (w.e.f. November 28, 2011), |
|
|
|
|
fellow subsidiaries
: |
· Ideal Road Builders Private Limited · Aryan Toll Road Private Limited · IRB Infrastructure Private Limited · IDAA Infrastructure Private Limited · Thane Ghodbunder Toll Road Private Limited · MMK Toll Road Private Limited ·
NKT Road and Toll Private Limited · Mhaiskar Infrastructure Private Limited · Aryan Infrastructure Investments Private Limited · IRB Surat Dahisar Tollway Private Limited · IRB Kolhapur Integrated Road Development Company Private Limited · Aryan Hospitality Private Limited · IRB Goa Tollway Private Limited · IRB Jaipur - Deoli Tollway Private Limited · IRB Pathankot Amritsar Toll Road Private Limited · IRB Talegaon Amravati Tollway Private Limited · IRB Tumkur Chitradurga Tollway Private Limited · IRB Ahmedabad Vadodara Super Express Tollway Private Limited (w.e.f. May 31, 2011) · MVR Infrastructure and Tollways Private Limited (w.e.f. October 01, 2012) · IRB Westcoast Tollway Private Limited (w.e.f. August 22,2012) · IRB Sindhudurga Airport Private Limited · Solapur Yedeshi Tollway Private Limited |
CAPITAL STRUCTURE
AS ON 04.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3110000 |
Equity Shares |
Rs.100/- each |
Rs.311.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3109500 |
Equity Shares |
Rs.100/- each |
Rs.310.950 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 |
310.950 |
310.950 |
310.950 |
|
(b) Reserves & Surplus |
8385.184 |
7902.824 |
5693.145 |
|
(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) |
8696.134 |
8213.774 |
6004.095 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2354.454 |
608.975 |
776.285 |
|
(b) Deferred tax liabilities (Net) |
184.939 |
276.215 |
284.345 |
|
(c) Other long term
liabilities |
2322.440 |
3527.541 |
4865.085 |
|
(d) long-term
provisions |
52.640 |
49.231 |
42.906 |
|
Total Non-current
Liabilities (3) |
4914.473 |
4461.962 |
5968.621 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
12630.485 |
7908.831 |
4796.786 |
|
(b) Trade
payables |
4121.115 |
3291.901 |
1694.044 |
|
(c) Other
current liabilities |
2063.161 |
3553.227 |
3531.005 |
|
(d) Short-term
provisions |
324.577 |
249.898 |
118.491 |
|
Total Current
Liabilities (4) |
19139.338 |
15003.857 |
10140.326 |
|
|
|
|
|
|
TOTAL |
32749.945 |
27679.593 |
22113.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
2851.730 |
3072.875 |
3190.079 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
82.584 |
66.381 |
186.777 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
870.742 |
858.184 |
728.313 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13209.290 |
10869.584 |
10042.842 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.039 |
|
Total Non-Current
Assets |
17014.346 |
14867.024 |
14148.050 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1182.342 |
1112.734 |
370.875 |
|
(c) Trade
receivables |
6753.401 |
7625.265 |
4593.639 |
|
(d) Cash
and cash equivalents |
1025.455 |
1422.914 |
950.154 |
|
(e)
Short-term loans and advances |
4573.223 |
2616.268 |
2002.702 |
|
(f) Other
current assets |
2201.178 |
35.388 |
47.622 |
|
Total
Current Assets |
15735.599 |
12812.569 |
7964.992 |
|
|
|
|
|
|
TOTAL |
32749.945 |
27679.593 |
22113.042 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
23123.100 |
23858.700 |
19798.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
18110.100 |
18687.100 |
15905.200 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5013.000 |
5171.600 |
3892.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1100.800 |
690.500 |
579.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
3912.200 |
4481.100 |
3313.100 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
495.000 |
527.400 |
557.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
3417.200 |
3953.700 |
2755.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1379.400 |
1261.200 |
895.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2037.800 |
2692.500 |
1860.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
655.35 |
865.89 |
598.41 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
373.860 |
347.617 |
294.325 |
|
Cash generated from (used in) operations |
(2615.242) |
244.378 |
907.350 |
|
Net cash flow from / (used in) operating activities |
(3834.153) |
(1017.906) |
98.886 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Total Income |
(%) |
8.81 |
11.29 |
9.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Total Income) |
(%) |
21.68 |
21.68 |
19.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
10.75 |
14.78 |
13.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.48 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.77 |
1.08 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82 |
0.85 |
0.79 |
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 |
310.950 |
310.950 |
310.950 |
|
Reserves & Surplus |
5693.145 |
7902.824 |
8385.184 |
|
Net
worth |
6004.095 |
8213.774 |
8696.134 |
|
|
|
|
|
|
long-term borrowings |
776.285 |
608.975 |
2354.454 |
|
Short term borrowings |
4796.786 |
7908.831 |
12630.485 |
|
Current Maturities of Long term debt |
294.325 |
347.617 |
373.860 |
|
Total
borrowings |
5867.396 |
8865.423 |
15358.799 |
|
Debt/Equity
ratio |
0.977 |
1.079 |
1.766 |
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 |
|
Total Income |
19798.000 |
23858.700 |
23123.100 |
|
|
|
20.511 |
(3.083) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
19798.000 |
23858.700 |
23123.100 |
|
Profit |
1860.700 |
2692.500 |
2037.800 |
|
|
9.40% |
11.29% |
8.81% |
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 |
Yes |
|
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 |
REVIEW OF OPERATION
During the year, the Company has earned total income of Rs. 23123.100 million and earned profit before tax of Rs.3417.200 million. The profit after tax for the year ended March 31, 2014 stood at Rs.2037.800 million as against Rs.2692.500 million during the previous financial year.
During the year, the Company has carried out construction work of the following project and is hopeful to complete the construction within schedule time:
1) Approx. 99.98% of Tumkur Chitradurga Project
2) Approx. 97.36% of Pathankot Amritsar Project
3) Approx. 97.91% of Talegaon Amravati Project
4) Approx. 99.91% of Jaipur Deoli Project
5) Approx. 63.24% of Ahmedabad Vadodara NH 8 and Expressway
6) Approx. 2.29% of Goa/Karnataka Border to Kundapur Project
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Loans and
advances from related parties |
8616.546 |
3693.858 |
|
|
|
|
|
Total |
8616.546 |
3693.858 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10535281 |
03/11/2014 |
9,112,986.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C36193233 |
|
2 |
10535278 |
01/11/2014 |
3,616,355.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C36192888 |
|
3 |
10533564 |
30/09/2014 |
13,886,223.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C35176684 |
|
4 |
10548128 |
05/09/2014 |
9,110,799.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C43033109 |
|
5 |
10548094 |
26/08/2014 |
25,933,930.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C43030824 |
|
6 |
10548127 |
14/08/2014 |
2,316,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C43032960 |
|
7 |
10540711 |
12/07/2014 |
138,557,800.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C39276910 |
|
8 |
10508371 |
15/06/2014 |
38,027,556.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C10810430 |
|
9 |
10508432 |
03/06/2014 |
100,800,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C10863082 |
|
10 |
10540714 |
06/05/2014 |
22,172,553.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C39277876 |
|
11 |
10502364 |
03/04/2014 |
1,008,832.00 |
SREI
EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C06305247 |
|
12 |
10502173 |
03/04/2014 |
2,762,643.00 |
SREI
EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C06201461 |
|
13 |
10502167 |
03/04/2014 |
20,117,851.00 |
SREI
EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
C06201032 |
|
14 |
10478982 |
31/01/2014 |
16,401,922.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B96953781 |
|
15 |
10470527 |
30/12/2013 |
10,875,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B93634392 |
|
16 |
10464193 |
04/12/2013 |
2,335,000.00 |
HDFC
BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B91126672 |
|
17 |
10453528 |
08/10/2013 |
1,184,771.00 |
HDFC
BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86864923 |
|
18 |
10453526 |
08/10/2013 |
12,100,000.00 |
HDFC
BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86864436 |
|
19 |
10452847 |
04/10/2013 |
3,468,269.00 |
HDFC
BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86570090 |
|
20 |
10445932 |
30/08/2013 |
2,000,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B83507343 |
|
21 |
10435768 |
08/07/2013 |
3,720,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B79168951 |
|
22 |
10432987 |
20/06/2013 |
5,948,900.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B77935914 |
|
23 |
10435050 |
14/06/2013 |
19,252,224.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B78851698 |
|
24 |
10424998 |
06/05/2013 |
10,106,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74894361 |
|
25 |
10422925 |
04/04/2013 |
1,460,520.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74122334 |
|
26 |
10420835 |
01/04/2013 |
3,610,129.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B73479081 |
|
27 |
10418485 |
30/03/2013 |
5,906,944.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B72808660 |
|
28 |
10402572 |
22/01/2013 |
19,252,224.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B67932731 |
|
29 |
10401131 |
01/01/2013 |
18,160,000.00 |
AXIS BANK LIMITED |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B67290346 |
|
30 |
10382876 |
21/10/2012 |
5,900,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B60607173 |
|
31 |
10381295 |
22/09/2012 |
1,959,783.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B59983007 |
|
32 |
10374669 |
07/09/2012 |
64,266,273.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B57353377 |
|
33 |
10376686 |
22/08/2012 |
5,130,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B58185778 |
|
34 |
10351969 |
30/04/2012 |
12,393,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B38303947 |
|
35 |
10344423 |
29/03/2012 |
10,746,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B35862424 |
|
36 |
10341914 |
07/03/2012 |
1,900,675.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B34919712 |
|
37 |
10341780 |
05/03/2012 |
45,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B34857557 |
|
38 |
10338085 |
06/02/2012 |
39,758,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B33179227 |
|
39 |
10338083 |
31/01/2012 |
8,480,468.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B33178732 |
|
40 |
10334778 |
27/01/2012 |
8,812,800.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B31766652 |
|
41 |
10334387 |
15/01/2012 |
12,934,404.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B31609563 |
|
42 |
10334935 |
15/01/2012 |
46,500,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B31841893 |
|
43 |
10335278 |
05/01/2012 |
9,247,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B31992290 |
|
44 |
10328968 |
15/12/2011 |
14,456,814.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B29515061 |
|
45 |
10320552 |
15/11/2011 |
381,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B26574327 |
|
46 |
10313784 |
15/09/2011 |
1,339,451.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B23771140 |
|
47 |
10304045 |
08/08/2011 |
5,362,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B19540541 |
|
48 |
10290730 |
17/06/2011 |
5,640,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B14465140 |
|
49 |
10290733 |
17/06/2011 |
5,644,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B14465983 |
|
50 |
10290553 |
15/06/2011 |
4,620,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B14400295 |
|
51 |
10293311 |
15/05/2011 |
1,335,483.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B15393069 |
|
52 |
10282666 |
15/04/2011 |
3,827,455.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B11313327 |
|
53 |
10272044 |
15/02/2011 |
3,505,840.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B06656656 |
|
54 |
10267491 |
31/01/2011 |
7,200,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B05841457 |
|
55 |
10268553 |
31/01/2011 |
7,300,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B06160634 |
|
56 |
10266496 |
15/12/2010 |
985,247.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B05366653 |
|
57 |
10266498 |
15/12/2010 |
5,619,675.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B05367214 |
|
58 |
10240615 |
03/09/2010 |
820,564,500.00 |
UNION BANK OF INDIA (HONG KONG BRANCH) |
UNIT
1903-04, 19TH FLOOR,, NINE QUEEN'S ROAD CENT |
A95185617 |
|
59 |
10221097 |
24/12/2012 * |
7,750,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B65860744 |
|
60 |
10037589 |
10/01/2007 |
7,494,322.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A10395424 |
|
61 |
80064634 |
23/02/2006 |
4,400,000.00 |
ICICI BANK LTD |
ZENITH HOUSE, GR.FLOOR, KESHAVRAO KHADYE MARG MAHALAXMI, MUMBAI, MAHARASHTRA - 400034, INDIA |
- |
|
62 |
80064640 |
19/12/2005 |
5,392,000.00 |
ICICI BANK LTD |
ZENITH HOUSE, GROUND FLOOR, KESHAVRAO KHADYE MARG, MAHALAXMI, MUMBAI, MAHARASHTRA - 400034, INDIA |
- |
|
63 |
90243854 |
01/06/2005 |
285,000.00 |
ICICI BANK LTD |
ZENITH HOUSE; KESHAVRAO KHYADE MARG, MAHALAXMI, MUMBAI, MAHARASHTRA - 400034, INDIA |
- |
|
64 |
90240651 |
01/02/2000 |
150,000,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE BANKING BRANCH, M.G.ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant And Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Computer Systems
·
Laboratory Equipments
·
Vehicles
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.64.03 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
60 |
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.