MIRA INFORM REPORT
|
Report No. : |
325537 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAHAVIR ROADS AND INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, Basement, Vasant Industrial Estate, Saki Vihar Road, Saki Naka,
Andheri (East), Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-25257626 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.10.2006 |
|
|
|
|
Com. Reg. No.: |
11-165147 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 200.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH2006PTC165147 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM8166G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company primarily undertakes civil construction works, such as asphalting
and resurfacing of roads. |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was erstwhile setup as a partnership concern established
during 1994. The firm was reconstituted as a private limited company in
October 2006. It is having moderate track record. Management has failed to file latest financials of FY14, with the statutory
authorities. As per available, the company possesses a below average financial
profile marked by its aggressive capital structure and moderate debt
protection metrics along with exposure to risks related to working capital
requirements, and customers concentration. Management has reported a decent sales volume as well as net
profitability during 2013. The ratings also take into consideration, the timely fund support from
the promoters. Trade relations seems to be fair. Business is active. Payment terms
are reported as slow but correct. In view of Significant experience of its promoters, the subject can be
considered for business dealings with some caution. |
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 rating: “B+” (Suspended) |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
07.05.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A4” (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
07.05.2015 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Atmaram |
|
Designation : |
Key Executive |
|
Contact No.: |
91-22-25257626 |
|
Date |
01.06.2015 |
LOCATIONS
|
Registered Office : |
5, Basement, Vasant Industrial Estate, Saki Vihar Road, Saki Naka, Andheri
(East), Mumbai – 400072, Maharashtra, India
|
|
Tel. No.: |
91-22-28572290 / 28573742 / 25257626 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
111-117 Krishna Govinda Complex, Sector 24, Opposite Sanpada Railway Station, Vashi, Navi Mumbai - 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-27837626 / 27837627 |
|
Fax No.: |
91-22-2783 9193 |
|
E-Mail : |
DIRECTORS
AS ON: 29.09.2012
|
Name : |
Mr. Jitendra Kikavat |
|
Designation : |
B/7, Neelkanth Jyot, 168, Garodia Nagar, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Address : |
11.12.1964 |
|
Date of Appointment : |
16.10.2006 |
|
PAN No.: |
AABPK6316J |
|
DIN No.: |
00675333 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201MH2006PTC165147 |
MAHAVIR ROADS
AND INFRASTRUCTURE PRIVATE LIMITED |
Managing
director |
01/11/2010 |
16/10/2006 |
Active |
NO |
|
2 |
U45202MH2010PTC201311 |
SQUARE
INFRAHEIGHTS PRIVATE LIMITED |
Director |
26/03/2010 |
26/03/2010 |
Active |
NO |
|
3 |
U45400HR2010PTC043915 |
SUPREME PANVEL
INDAPUR TOLLWAYS PRIVATE LIMITED |
Additional
director |
10/12/2010 |
10/12/2010 |
Active |
NO |
|
4 |
U45400HR2012PTC047453 |
SANJOSE MAHAVIR
SUPREME CONSORTIUM PRIVATE LIMITED |
Director |
17/10/2012 |
17/10/2012 |
Active |
NO |
|
|
|
|
Name : |
Mr. Nilesh Kikavat |
|
Designation : |
Director |
|
Address : |
B/7, Neelkanth Jyot, 168, Garodia Nagar, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1971 |
|
Date of Appointment : |
16.10.2006 |
|
PAN No.: |
AABPK2207J |
|
DIN No.: |
01928226 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201MH2006PTC165147 |
MAHAVIR ROADS
AND INFRASTRUCTURE PRIVATE LIMITED |
Director |
16/10/2006 |
16/10/2006 |
Active |
NO |
|
Name : |
Mr. Pankaj Kikavat |
|
Designation : |
Director |
|
Address : |
B/7, Neelkanth Jyot, 168, Garodia Nagar, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1973 |
|
Date of Appointment : |
16.10.2006 |
|
PAN No.: |
AGZPK8464F |
|
DIN No.: |
01938038 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201MH2006PTC165147 |
MAHAVIR ROADS
AND INFRASTRUCTURE PRIVATE LIMITED |
Director |
16/10/2006 |
16/10/2006 |
Active |
NO |
|
2 |
U45400HR2012PTC047453 |
SANJOSE MAHAVIR
SUPREME CONSORTIUM PRIVATE LIMITED |
Director |
17/10/2012 |
17/10/2012 |
Active |
NO |
|
Name : |
Mr. Pawan Kikavat |
|
Designation : |
Director |
|
Address : |
B/7, Neelkanth Jyot, 168, Garodia Nagar, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1973 |
|
Date of Appointment : |
16.10.2006 |
|
PAN No.: |
AABPK6311R |
|
DIN No.: |
01938057 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201MH2006PTC165147 |
MAHAVIR ROADS
AND INFRASTRUCTURE PRIVATE LIMITED |
Director |
16/10/2006 |
16/10/2006 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Atmaram |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2012
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jitendra Kikavat |
4500000 |
30.00 |
|
Nilesh Kikavat |
3000000 |
20.00 |
|
Pankaj Kikavat |
2250000 |
15.00 |
|
Pawan Kikavat |
2250000 |
15.00 |
|
Vasantlal Kikavat |
3000000 |
20.00 |
|
TOTAL
|
15000000 |
100.00 |
AS ON: 30.03.2013
|
Names of Allotees |
|
No. of Shares |
|
Jitendra Kikavat |
|
750000 |
|
Vasantlal Kikavat |
|
500000 |
|
Nilesh V. Kikavat |
|
500000 |
|
Pankaj V. Kikavat |
|
375000 |
|
Pawan V. Kikavat |
|
375000 |
|
Mehul K. Shah |
|
2500000 |
|
|
|
|
|
TOTAL
|
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company primarily undertakes civil construction works, such as
asphalting and resurfacing of roads. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque |
|
|
|
|
Purchasing : |
Cash, Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
1500 (Approximately) |
|||||||||||||||||||||||||||
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|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nihar Mehta and Company Chartered Accountants |
|
Address : |
207/6, Chetan, Opposite Popular Hotel, Hingwala Lane |
|
PAN No.: |
AIEPM2071M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate : |
|
|
|
|
|
Joint venture : |
|
CAPITAL STRUCTURE
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
150.000 |
150.000 |
|
(b) Reserves & Surplus |
557.494 |
399.631 |
245.686 |
|
(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) |
757.494 |
549.631 |
395.686 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
132.822 |
149.163 |
91.112 |
|
(b) Deferred tax liabilities
(Net) |
7.665 |
6.404 |
2.905 |
|
(c) Other long term
liabilities |
49.496 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
189.983 |
155.567 |
94.017 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1,269.920 |
1,260.087 |
0.000 |
|
(b) Trade payables |
390.040 |
500.419 |
1,270.443 |
|
(c) Other current liabilities |
396.868 |
194.883 |
0.000 |
|
(d) Short-term provisions |
72.100 |
71.356 |
0.000 |
|
Total
Current Liabilities (4) |
2,128.928 |
2,026.745 |
1,270.443 |
|
|
|
|
|
|
TOTAL |
3,076.405 |
2,731.943 |
1,760.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
576.370 |
504.551 |
197.860 |
|
(ii) Intangible Assets |
0.183 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.549 |
2.600 |
0.000 |
|
(e) Other Non-current assets |
0.325 |
0.488 |
0.000 |
|
Total
Non-Current Assets |
581.427 |
507.639 |
197.960 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
296.866 |
207.991 |
8.923 |
|
(c) Trade receivables |
1,637.100 |
1,360.478 |
960.117 |
|
(d) Cash and cash equivalents |
1.802 |
1.913 |
15.987 |
|
(e) Short-term loans and
advances |
559.210 |
653.922 |
576.346 |
|
(f) Other current assets |
0.000 |
0.000 |
0.813 |
|
Total
Current Assets |
2,494.978 |
2,224.304 |
1,562.186 |
|
|
|
|
|
|
TOTAL |
3,076.405 |
2,731.943 |
1,760.146 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3151.531 |
3126.049 |
2012.970 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
531.291 |
469.028 |
287.882 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
221.985 |
176.621 |
101.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
309.306 |
292.407 |
186.694 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
76.077 |
62.963 |
35.824 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
233.229 |
229.444 |
150.870 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
75.366 |
75.499 |
51.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
157.863 |
153.945 |
99.303 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.89 |
10.26 |
6.62 |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.01 |
4.92 |
4.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.86 |
15.00 |
14.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.58 |
8.40 |
8.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.42 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liabilities/Networth) |
|
2.05 |
2.74 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.10 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
150.000 |
150.000 |
200.000 |
|
Reserves & Surplus |
245.686 |
399.631 |
557.494 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
395.686 |
549.631 |
757.494 |
|
|
|
|
|
|
long-term borrowings |
91.112 |
149.163 |
132.822 |
|
Short term borrowings |
0.000 |
1260.087 |
1269.920 |
|
Current Maturities Of
Long-Term Debts |
0.000 |
94.303 |
150.506 |
|
Total
borrowings |
91.112 |
1503.553 |
1553.248 |
|
Debt/Equity
ratio |
0.230 |
2.736 |
2.051 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2,012.970 |
3,126.049 |
3,151.531 |
|
|
|
55.295 |
0.815 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2,012.970 |
3,126.049 |
3,151.531 |
|
Profit |
99.303 |
153.945 |
157.863 |
|
|
4.93% |
4.92% |
5.01% |
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) |
No |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Deposits from others |
41.442 |
183.369 |
|
Loans and advances from others |
23.557 |
20.632 |
|
|
|
|
|
Total |
64.999 |
204.001 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10478852 |
31/12/2013 |
2,500,000.00 |
RELIANCE CAPITAL
LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI
KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B96883582 |
|
2 |
10421469 |
28/03/2013 |
40,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE BRANCH, MAFATLAL
CENTRE, NARIM |
B73678641 |
|
3 |
10425894 |
23/03/2013 |
11,493,500.00 |
RELIANCE CAPITAL
LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI
AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B75191197 |
|
4 |
10425891 |
22/03/2013 |
24,816,000.00 |
RELIANCE CAPITAL
LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI
AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B75190579 |
|
5 |
10406225 |
15/01/2013 |
3,994,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B68856582 |
|
6 |
10406253 |
03/01/2013 |
15,650,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B68814011 |
|
7 |
10406230 |
30/12/2012 |
18,345,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B68857838 |
|
8 |
10374974 |
28/07/2012 |
36,090,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN
POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B57468704 |
|
9 |
10364706 |
15/06/2012 |
60,000,000.00 |
BANK OF INDIA
ANDHERI LARGE CORPORATE BRANCH |
28, S.V.ROAD,, ANDHERI (WEST),, MUMBAI, MAHARASHTRA
- 400058, INDIA |
B43284173 |
|
10 |
10356152 |
26/04/2012 |
300,000,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH, C-10, G-BLOCK,
BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051,
INDIA |
B39780127 |
|
11 |
10348307 |
07/03/2012 |
42,800,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI
AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B37183225 |
|
12 |
10333779 |
06/01/2012 |
15,520,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN
POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B31353477 |
|
13 |
10308122 |
17/08/2011 |
5,950,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN
POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B21440060 |
|
14 |
10295537 |
27/06/2011 |
2,875,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, MAHARASHTRA - 411035,
INDIA |
B16322976 |
|
15 |
10294943 |
24/06/2011 |
36,370,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN
POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B16092942 |
|
16 |
10294802 |
31/05/2011 |
27,500,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, MAHARASHTRA - 411035,
INDIA |
B16040776 |
|
17 |
10293752 |
13/05/2011 |
2,115,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN
POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B15592306 |
|
18 |
10276392 |
22/03/2011 |
1,800,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B09332875 |
|
19 |
10276393 |
22/03/2011 |
3,600,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B09333626 |
|
20 |
10276394 |
22/03/2011 |
4,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B09334194 |
|
21 |
10276395 |
22/03/2011 |
4,212,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
B09334723 |
|
22 |
10276398 |
22/03/2011 |
7,862,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B09335464 |
|
23 |
10273853 |
14/03/2011 |
14,975,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN
POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B08265944 |
|
24 |
10265315 |
24/01/2011 |
1,500,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
B04863791 |
|
25 |
10265750 |
24/01/2011 |
1,500,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B05107610 |
|
26 |
10265316 |
24/01/2011 |
3,118,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B04864302 |
|
27 |
10265751 |
24/01/2011 |
3,118,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B05109558 |
|
28 |
10240070 |
18/09/2014 * |
2,598,000,000.00 |
BANK OF INDIA |
M.D.I BUILDING, 1ST FLOOR, 28 S.V. ROAD,
ANDHERI LARGE CORPORATE BANK (WEST), MUMBAI, MAHARASHTRA - |
C35752468 |
|
29 |
10040254 |
27/09/2010 * |
394,400,000.00 |
BANK OF INDIA ANDHERI LARGE CORPORATE
BRANCH |
28,S.V.ROAD,ANDHERI (W), MUMBAI,
MAHARASHTRA - 400058, INDIA |
A96799317 |
* Date of charge modification
PERFORMANCE REVIEW
The company has achieved a turnover of Rs. 3126.300 Million (previous year : Rs. 3124.400 Million) and Profit after tax is Rs. 157.800 Million (previous year : Rs. 153.900 Million).
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
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. 63.85 |
|
|
1 |
Rs. 98.12 |
|
Euro |
1 |
Rs. 71.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
33 |
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.