MIRA INFORM REPORT
|
Report No. : |
324804 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFCONS INFRASTRUCTURE LIMITED (w.e.f. August 1996) |
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
“Afcons House”, 16, Shah Industrial Estate, Veera Desai
Road, Azad Nagar, P O, Andheri (West), Mumbai - 400053, Maharashtra |
|
Tel No.: |
91-11-23713454/23713455 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 (Profit and Loss A/c) |
|
|
|
|
Date of
Incorporation : |
22.11.1976 |
|
|
|
|
Com. Reg. No.: |
11-019335 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4219.702 Million |
|
|
|
|
CIN No.: [Company Identification No.] |
U45200MH1976PLC019335 |
|
|
|
|
IEC No.: |
0388053283 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA09981G/ MUMA19369A/ MUMA20959B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA9067G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in Marine Works, Highways, Bridges, Metro Works,
Power Houses, Tunnels, Oil and Gas, LNG Tanks and other general Civil
Engineering Projects both in India and Overseas. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 22300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subjects is a part of the Shapoorji Pallonji Group. It is a well-established and reputed company having good track record. Financial position of the company seems to be strong. Fundamental are
healthy. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and condition. Note: The
management has filed its financial information with government department for
the year 2014, but Balance sheet statement for the year 2014 could not be
made available from any source. |
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 |
ICRA |
|
Rating |
Non convertible debenture |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
March, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Aadarsh |
|
Designation : |
Manager |
|
Contact No.: |
91-22-67191000 |
|
Date : |
27.05.2015 |
LOCATIONS
|
Registered Office : |
“Afcons House”, 16, Shah Industrial Estate, Veera Desai
Road, Azad Nagar, P O, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26731107 / 26367091 / 7093 / 66773100 Ext 138 / 66773214 /
66773241/ 67191000 / 66773241 / 67191100 |
|
Fax No.: |
91-22-26730047/ 26730026/ 26369052 / 26315910 / 26731031 / 26730027/
26367093 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office: |
403, Mercantile House, Krishna, 15, Kasturba Gandhi Marg, New Delhi –
110001, India |
|
Tel No.: |
91-11-23713454/23713455 |
|
|
|
|
Domestic Offices
: |
Located at : ·
New Delhi ·
Chennai ·
Kolkata ·
Nagpur |
|
|
|
|
International
Offices : |
Located at : ·
Mauritius ·
Oman ·
Abu Dhabi ·
Indonesia |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Subrahmanian Krishnamurthy |
|
Designation : |
Managing director |
|
Address : |
D-1103, Lake Lucerne, Ekta Supreme Housing Complex, Off Adi
sankaraharya Marg, Near Gopal Sharma School, Powai, Mumbai-400070,
Maharashtra, India |
|
Date of Birth/Age : |
03.06.1958 |
|
Qualification: |
B.E. P.G.D.I.E. |
|
Date of Appointment : |
01.07.2014 |
|
DIN No.: |
00047592 |
|
|
|
|
Name : |
Mr. Paramasivan Srinivasan |
|
Designation : |
Managing director |
|
Address : |
Venus Flat No. 85, Versova Venus Housing Society, Plot No. 6, R D P 2,
SVP Nagar, Versova, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1957 |
|
Qualification: |
B.Com, CAIIB, FICWA, FCS |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
00058445 |
|
|
|
|
Name : |
Mr. Shapoor Pallonji Mistry |
|
Designation : |
Director |
|
Address : |
Sterling Bay 103, Walkeshwar Road, Mumbai – 400 006, Maharashtra,
India |
|
Date of Birth/Age : |
06.09.1964 |
|
Date of Appointment : |
23.03.2012 |
|
Din No.: |
00010114 |
|
|
|
|
Name : |
Mr. Narendra Jamnadas Jhaveri |
|
Designation : |
Director |
|
Address : |
C-42, Samprat Residency, Opposite Parivar Society, Premchand Nagar
Road, Bodekdev – Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
09.08.1935 |
|
Qualification: |
M.A. , M.SC (FCM) |
|
Date of Appointment : |
22.03.1996 |
|
Din No.: |
00198912 |
|
|
|
|
Name : |
Mr. Naushir Dara Khurody |
|
Designation : |
Director |
|
Address : |
12 A, Darbhanga Mansions, M L Dhanukar Marg, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
26.10.1936 |
|
Qualification: |
M.A. (Cantab.) Economics (Hons) |
|
Date of Appointment : |
30.09.2014 |
|
Din No.: |
00007150 |
|
|
|
|
Name : |
Mr. Pradip Narotam Kapadia |
|
Designation : |
Director |
|
Address : |
Govind Building, 140, Princess Street, Mumbai – 400002, Maharashtra, India
|
|
Date of Birth/Age : |
30.09.1951 |
|
Qualification: |
B.A. , L.L.B. |
|
Date of Appointment : |
30.09.2008 |
|
Din No.: |
00078673 |
|
|
|
|
Name : |
Mr. Umesh Narain Khanna |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
12 A, Darbhanga Mansions, M L Dhanukar Marg, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
08.07.1957 |
|
Qualification: |
MBA,B.E (Electrical Engineer) |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
03634361 |
|
|
|
|
Name : |
Mr. Ramunni Menon Premkumar |
|
Designation : |
Director |
|
Address : |
101, Praneet, Dr. Jayant Palkar Marg, Worli, Mumbai – 400030,
Maharashtra, India |
|
Date of Birth/Age : |
16.08.1945 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00328942 |
KEY EXECUTIVES
|
Name : |
Mr. Rajendran Ramaiyer Palambalkode |
|
Designation : |
Secretary |
|
Address : |
206, Ganga Darshan, |
|
Date of Birth/Age : |
08.09.1952 |
|
Date of Appointment : |
01.10.1991 |
|
PAN No.: |
AAHPR6302D |
|
|
|
|
Name : |
Mr. Sachin Sharma |
|
Designation : |
Senior Manager Finance |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILED FILE ATTACHED
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
97.29 |
|
Directors or relatives of Directors |
0.19 |
|
Other top fifty shareholders |
2.52 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Marine Works, Highways, Bridges, Metro Works, Power
Houses, Tunnels, Oil and Gas, LNG Tanks and other general Civil Engineering
Projects both in India and Overseas. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, L/C and Credit (30 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash, L/C and Credit (30 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
2000 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
|
|
|
|
|
Auditors : |
|
|
Name 1: |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie
Besant Road, Opposite Shiv Sagar Estate, Mumbai – 400018, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Auditors : |
|
|
Name 2: |
J. C. Bhatt and Associates Chartered Accountants |
|
Address : |
502, Poonam
Pearl, C.D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai-400058,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPB4478L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
CIN: U45200MH1943PLC003812 |
|
|
|
|
Subsidiaries: |
|
|
|
|
|
Fellow
Subsidiary: |
|
|
|
|
|
Associate: |
|
|
|
|
|
Partnership firm
in which the Company is a partner: |
|
|
|
|
|
Jointly
Controlled Entities: |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/-each |
Rs.3500.000 Million |
|
|
|
|
|
|
650000000 |
Preference Shares |
Rs.10/-each |
Rs.6500.000 Million |
|
|
Total |
|
Rs.10000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
71970238 |
Equity Shares |
Rs.10/-each |
Rs.719.702 Million |
|
|
|
|
|
|
450000000 |
Preference Shares |
Rs.10/-each |
Rs.4500.000
Million |
|
|
Total |
|
Rs.5219.702 Million |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/-each |
Rs.3500.000 Million |
|
|
|
|
|
|
650000000 |
Preference Shares |
Rs.10/-each |
Rs.6500.000 Million |
|
|
Total |
|
Rs.10000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Amount |
|
|
|
|
|
421970200 |
Equity Shares |
Rs.4219.702 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4219.702 |
4219.702 |
|
(b) Reserves &
Surplus |
|
3589.821 |
3298.946 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
7809.523 |
7518.648 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4974.499 |
2636.985 |
|
(b) Deferred tax
liabilities (Net) |
|
922.827 |
762.697 |
|
(c) Other long term
liabilities |
|
1185.857 |
550.188 |
|
(d) long-term provisions |
|
91.516 |
68.918 |
|
Total Non-current
Liabilities (3) |
|
7174.699 |
4018.788 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5784.241 |
4155.771 |
|
(b) Trade payables |
|
4210.158 |
4245.907 |
|
(c) Other current
liabilities |
|
4936.259 |
5554.944 |
|
(d) Short-term provisions |
|
144.794 |
31.229 |
|
Total Current Liabilities
(4) |
|
15075.452 |
13987.851 |
|
|
|
|
|
|
TOTAL |
|
30059.674 |
25525.287 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
9098.684 |
5417.352 |
|
(ii) Intangible Assets |
|
35.037 |
48.005 |
|
(iii) Capital
work-in-progress |
|
1480.591 |
3149.724 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
40.688 |
39.198 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
908.581 |
1137.927 |
|
(e) Other Non-current
assets |
|
2672.802 |
3213.459 |
|
Total Non-Current Assets |
|
14236.383 |
13005.665 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
7372.137 |
5124.113 |
|
(c) Trade receivables |
|
4909.774 |
3666.629 |
|
(d) Cash and cash
equivalents |
|
162.138 |
358.455 |
|
(e) Short-term loans and
advances |
|
3140.992 |
3353.230 |
|
(f) Other current assets |
|
238.250 |
17.195 |
|
Total Current Assets |
|
15823.291 |
12519.622 |
|
|
|
|
|
|
TOTAL |
|
30059.674 |
25525.287 |
Note: The
management has filed its financial information with government department for the
year 2014, but Balance sheet statement for the year 2014 could not be made
available from any source.
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
27267.446 |
18898.687 |
15534.824 |
|
|
Other Income |
733.741 |
593.295 |
941.165 |
|
|
TOTAL |
28001.187 |
19491.982 |
16475.989 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
7371.256 |
4660.174 |
1985.624 |
|
|
Purchases of
Stock-in-Trade |
82.430 |
19.318 |
79.499 |
|
|
Employees benefits
expense |
3714.377 |
3235.414 |
2098.094 |
|
|
Other expenses |
12747.493 |
8996.206 |
9684.810 |
|
|
TOTAL |
23915.556 |
16911.112 |
13848.027 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
4085.631 |
2580.870 |
2627.962 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1597.210 |
1336.208 |
1134.251 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
2488.421 |
1244.662 |
1493.711 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1459.553 |
674.658 |
378.921 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1028.868 |
570.004 |
1114.790 |
|
|
|
|
|
|
|
Less |
TAX |
359.136 |
105.788 |
256.076 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
669.732 |
464.216 |
858.714 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
18.571 |
14.545 |
61.261 |
|
|
Other Income |
7905.388 |
5199.433 |
8735.862 |
|
|
TOTAL EARNINGS |
7923.959 |
5213.978 |
8797.123 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
|
|
|
|
Components and Stores parts |
198.435 |
98.426 |
261.177 |
|
|
Capital Goods |
400.559 |
2555.936 |
3420.458 |
|
|
TOTAL IMPORTS |
598.994 |
2654.362 |
3681.635 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.31 |
6.45 |
11.93 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
1259.931 |
1592.955 |
|
Cash generated from operations |
|
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
2.46 |
2.46 |
5.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.98 |
13.66 |
16.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
1.89 |
4.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.07 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
NA
|
2.84 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.04 |
0.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
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 |
15534.824 |
18898.687 |
27267.446 |
|
|
|
21.654 |
44.282 |
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 |
15534.824 |
18898.687 |
27267.446 |
|
Profit |
858.714 |
464.216 |
669.732 |
|
|
5.53% |
2.46% |
2.46% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
Lodging No.:- |
SL/113/2013 |
Filing Date:- |
07/02/2013 |
Reg. No.:- |
S/403/2013 |
Reg. Date:- |
10/06/2013 |
|
|
Petitioner:- |
M/S DHARTI DREDGING AND INFRASTRUCTURE LIMITED |
Respondent:- |
AFCONS INFRASTRUCTURE
LIMITED AND 2 ORS |
|
||||
|
Petn.Adv.:- |
K K ASSOCIATES |
Resp.Adv.:- |
DESAI AND DIWANJI (1) |
|
||||
|
District:- |
OUTSIDE MAHARASHTRA |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
SPECIFIC PERFORMANCE SUIT |
|
Next Date:- |
11/04/2014 |
Stage:- |
FOR WRITTEN STATEMENT |
|
Coram:- |
ADDL. REG.(OS)/ADDL. PROTHONOTARY &
SR. MASTE |
|
Last Date:- |
14/03/2014 |
Stage:- |
FOR WRITTEN STATEMENT |
|
Last Coram:- |
ADDL. REG.(OS)/ADDL. PROTHONOTARY &
SR. MASTE |
|
Act :- |
Code of Civil Procedure 1908 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Non-convertible debentures others |
1000.000 |
0.000 |
|
Working capital loans from banks |
0.000 |
750.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Term loans from banks |
571.082 |
254.350 |
|
Working capital loans from banks |
560.000 |
250.000 |
|
Commercial paper |
2044.062 |
499.594 |
|
Loans and advances from related parties |
9.000 |
9.000 |
|
Total |
4184.144 |
1762.944 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10558277 |
14/03/2015 |
1,000,000,000.00 |
STATE BANK OF INDIA |
NEVILLE HOUSE, 3RD FLOOR,, J N HEREDIA MARG, BALL |
C48479471 |
|
2 |
10512885 |
16/07/2014 |
896,675,000.00 |
SOCIETE GENERALE INDIA |
6TH FLOOR, MOHAN DEV BUILDING,, 13 TOLSTOY MARG,, |
C14999874 |
|
3 |
10507002 |
30/06/2014 |
1,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, NEVILLE HOUSE, J |
C09882309 |
|
4 |
10507013 |
30/06/2014 |
1,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, NEVILLE HOUSE, J |
C09885021 |
|
5 |
10392335 |
29/11/2012 |
1,000,000,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, STATESMAN HOUSE,, 148 BARAKHAMBHA ROAD |
B64277312 |
|
6 |
10369233 |
09/07/2012 |
840,000,000.00 |
HSBC BANK (MAURITIUS) LIMITED |
HSBC CENTRE, 18 CYBERCITY, EBENE, MAURITIUS, - M |
B45154655 |
|
7 |
10347339 |
30/06/2014 * |
1,047,545,000.00 |
DBS BANK LTD |
CAPITOL POINT, GROUND FLOOR & FIRST FLOOR,, BABA |
C09657479 |
|
8 |
10311680 |
14/02/2014 * |
1,000,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH, PLOT NO. 31, G BLOCK,, 7 |
B98464670 |
|
9 |
10307940 |
28/01/2014 * |
500,000,000.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
LARGE CORPORATE BRANCH,181 A MAKER TOWER "E',
18T |
B96500988 |
|
10 |
90228657 |
21/04/2015 * |
90,000,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNTS GROUP BRANCH, NEVILLE HOUSE, J |
C52301405 |
* Date of charge modification
CORPORATE INFORMATION
Subject is an unlisted Public Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Afcons is a part of the Shapoorji Pallonji Group. Afcons has a presence in almost the entire spectrum of infrastructure activities in India and Overseas. The Company is engaged in Marine Works, Highways, Bridges, Metro Works, Power Houses, Tunnels, Oil & Gas, LNG Tanks and other general Civil Engineering Projects both in India and Overseas.
FIXED ASSETS
- Plant & Equipment
- Laboratory Equipments
- Workshop & Go down
- Buildings
- Barges
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. 63.83 |
|
UK Pound |
1 |
Rs. 97.10 |
|
Euro |
1 |
Rs. 69.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
66 |
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.