MIRA INFORM REPORT
|
Report No. : |
326061 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRUE VALUE HOMES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
TVH Triveni, 21, C.V. Raman Road, Alwarpet, Chennai – 600018, Tamilnadu |
|
Tel. No.: |
91-44-71227122 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.03.1997 |
|
|
|
|
Com. Reg. No.: |
18-037742 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 239.750
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201TN1997PTC037742 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CHET02421G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT7955Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Developers. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in March 1997 and it is having satisfactory
track record. From the financials of 2014, the company has performed below the
average in its operations and reported drastic decline in its sale turnover
due to which the profit of the company has also been decline. Rating takes into account of the decent networth base of the company
backed by experience of its promoter into the industry. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of sound balance sheet position, the company can be considered
for business dealings with its 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Arun |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-44-24640099 |
|
Date : |
05.06.2015 |
LOCATIONS
|
Registered Office : |
TVH Triveni, 21, C.V. Raman Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate/ Sales Office 1 : |
TVH Beliciaa
Towers, 9th Floor, Tower II, Block No. 94, 1st Main Road, M.R.C. Nagar,
Chennai – 600028, Tamilnadu, India |
|
Tel. No.: |
91-44-71227122 |
|
E-Mail : |
|
|
|
|
|
Sales Office 2 : |
TVH Aurora, 1126
– Trichy Road, Singanallur Post, Coimbatore – 641005, Tamilnadu, India |
|
Tel. No.: |
91-422-4346666/
4246565 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Narayanan Ravichandran |
|
Designation : |
Managing director |
|
Address : |
O. No. 6, N. No. 1, Krishnapuri, 1 Street, R A Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Birth/Age : |
03.04.1966 |
|
Date of Appointment : |
19.03.1997 |
|
PAN No.: |
AAEPR5424K |
|
DIN No.: |
01639307 |
|
|
|
|
Name : |
Thiyagarajan Selva Mani |
|
Designation : |
Director |
|
Address : |
Old No.15, New No.10, Visvanathan Street,, Srinivasa Avenue, R.A. Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Birth/Age : |
23.09.1965 |
|
Date of Appointment : |
02.06.2010 |
|
DIN No.: |
01586989 |
|
|
|
|
Name : |
Kalaiarasi Murugesan |
|
Designation : |
Director |
|
Address : |
E 2 TVH Bogvilla No.52, 54 North Bog Road, T. Nagar, Chennai - 600017, Tamilnadu, India |
|
Date of Birth/Age : |
25.06.1959 |
|
Date of Appointment : |
19.03.1997 |
|
PAN No.: |
AALPM6903D |
|
DIN No.: |
01716486 |
|
|
|
|
Name : |
Arun Nehru |
|
Designation : |
Director |
|
Address : |
C74 10th Cross St, Thillai Nagar, Trichy - 620018, Tamilnadu, India |
|
Date of Birth/Age : |
12.12.1983 |
|
Date of Appointment : |
02.06.2010 |
|
DIN No.: |
02160009 |
|
|
|
|
Name : |
Kanakkilianallur Narayanareddiar Manivannan |
|
Designation : |
Director |
|
Address : |
Vishal Hosieries Private Limited, No 1, Vinayagar Thottam, Thirumurugan Oondi Post, Tiruppur, Coimbatore - 641652, Tamilnadu, India |
|
Date of Birth/Age : |
25.05.1970 |
|
Date of Appointment : |
02.06.2010 |
|
DIN No.: |
02194404 |
KEY EXECUTIVES
|
Name : |
Mr. Arun |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Santhosh Kumar Ramadurai |
|
Designation : |
Secretary |
|
Address : |
37, Sakthi Vinayagar Koil Street, Vinayagapuram, Ambattur, Chennai – 600053, Tamilnadu, India |
|
Date of Birth/Age : |
20.09.1976 |
|
Date of Appointment : |
11.09.2008 |
|
PAN No.: |
BBWPS4171G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
N. Ravichandran |
|
1400000 |
|
M. Kalaiarasi |
|
75000 |
|
|
|
|
|
Total |
|
1475000 |
|
Names of Preference Shareholder [15% Non Convertible Preference Share] |
|
No. of Shares |
|
N. Ravichandran |
|
2500000 |
|
|
|
|
|
Total |
|
2500000 |
|
Names of Preference Shareholder [Non Convertible Cumulative Preference share] |
|
No. of Shares |
|
N. Ravichandran |
|
20000000 |
|
|
|
|
|
Total |
|
20000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20326061%2008-Jun-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
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|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
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 : |
Not Divulged |
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Bankers : |
·
State Bank of India Overseas Branch, No.86.
Rajaji Salai, Chennai - 600001, Tamilnadu, India ·
Housing Development Finance Corporation Limited ITC Centre, 760, Anna
Salai, Chennai - 600002, Tamilnadu, India ·
Punjab National Bank 774, Opposite Anakara
Street, Coimbatore - 641001, Tamilnadu, India ·
IL & FS Trust Company Limited ·
Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227,
D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
Indian Bank 30/275, Purasawalkam High
Road, Purasawalkam, Chennai - 600008, Tamilnadu, India ·
Union Bank of India ·
Punjab National Bank · Indian Overseas Bank |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kandan and Nambi Chartered Accountants |
|
Address : |
5, Railway Colony, 2nd Street, Aminjikarai, Chennai – 600029, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFK3231B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary
Company : |
·
Belecia Towers Private Limited
[U70101TN2006PTC061435] ·
Maavadi Soft Tech Ventures (India) Private
Limited [U72200TN2005PTC056361] ·
Sarvaga Housing Private Limited
[U45201TN2008PTC070169] ·
TVH HI – Tech Projects India Private Limited
[U45208TN2007PTC063865] ·
TVH Infrastructure Chennai Private Limited
[U45200TN2006PTC061555] ·
TVH Infrastructures and Developers Private
Limited [U45208TN2007PTC063870] ·
TVH Property Developments India Private
Limited [U70109TN2005PTC056714] ·
TVH Consumer Products Private Limited
[U51101TN1998PTC040705] |
|
|
|
|
Other Related
Parties : |
·
Alphaa Electrical Concepts Private Limited
[U31908TZ2009PTC015698] ·
Janani Foundations Private Limited
[U45200TN2007PTC062714] ·
Ramjay Trading Company ·
VKV Gardens |
|
|
|
|
Associates : |
·
TVH Energy Resource Private Limited
[U40100TN2008PTC066478] ·
Mashiba Elevators India Private Limited
[U29130TN2010PTC077194] ·
TVH Estates Chennai Private Limited
[U45200TN2006FTC061498] ·
TVH Property Services India Private Limited
[U45309TN2005PTC056731] ·
Collosseum Apparels Private Limited
[U18101TN1999PTC041709] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Million |
|
27,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 270.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 300.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,475,000 |
Equity Shares |
Rs. 10/- each |
Rs. 14.750
Million |
|
22,500,000 |
Preference Shares |
Rs. 10/- each |
Rs. 225.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 239.750 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 |
239.750 |
239.750 |
39.750 |
|
(b) Reserves & Surplus |
3260.354 |
3249.663 |
1619.932 |
|
(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) |
3500.104 |
3489.413 |
1659.682 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3063.445 |
1638.805 |
1160.045 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
3.738 |
13.778 |
|
(c)
Other long term liabilities |
251.409 |
463.605 |
1265.263 |
|
(d)
long-term provisions |
137.794 |
112.237 |
0.000 |
|
Total
Non-current Liabilities (3) |
3452.648 |
2218.385 |
2439.086 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
4099.237 |
3972.680 |
5201.148 |
|
(b)
Trade payables |
424.405 |
470.262 |
375.119 |
|
(c)
Other current liabilities |
4046.741 |
4116.452 |
6420.550 |
|
(d)
Short-term provisions |
58.794 |
13.396 |
186.240 |
|
Total
Current Liabilities (4) |
8629.177 |
8572.790 |
12183.057 |
|
|
|
|
|
|
TOTAL |
15581.929 |
14280.588 |
16281.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2033.514 |
2072.739 |
611.449 |
|
(ii)
Intangible Assets |
9.994 |
14.991 |
12.620 |
|
(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 |
226.734 |
205.958 |
873.079 |
|
(c) Deferred tax assets
(net) |
11.402 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
304.217 |
295.730 |
5176.665 |
|
(e)
Other Non-current assets |
87.626 |
87.826 |
91.183 |
|
Total
Non-Current Assets |
2673.487 |
2677.244 |
6764.996 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8105.599 |
9483.449 |
8584.364 |
|
(c)
Trade receivables |
2379.511 |
34.170 |
18.662 |
|
(d)
Cash and cash equivalents |
246.281 |
10.038 |
306.024 |
|
(e)
Short-term loans and advances |
1039.043 |
1294.640 |
558.143 |
|
(f)
Other current assets |
1138.008 |
781.047 |
49.636 |
|
Total
Current Assets |
12908.442 |
11603.344 |
9516.829 |
|
|
|
|
|
|
TOTAL |
15581.929 |
14280.588 |
16281.825 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
GROSS REVENUE
FROM OPERATIONS |
4271.200 |
7939.500 |
6835.600 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
665.400 |
774.200 |
719.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
512.700 |
488.600 |
547.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
152.700 |
285.600 |
172.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
76.900 |
54.100 |
62.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
75.800 |
231.500 |
110.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.500 |
54.600 |
35.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
59.300 |
176.900 |
74.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35 |
115 |
48 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.49 |
1.64 |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.07 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.05 |
1.61 |
3.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.35 |
0.78 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
39.750 |
239.750 |
239.750 |
|
Reserves & Surplus |
1619.932 |
3249.663 |
3260.354 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1659.682 |
3489.413 |
3500.104 |
|
|
|
|
|
|
Long-term borrowings |
1160.045 |
1638.805 |
3063.445 |
|
Short term borrowings |
5201.148 |
3972.680 |
4099.237 |
|
Total
borrowings |
6361.193 |
5611.485 |
7162.682 |
|
Debt/Equity ratio |
3.833 |
1.608 |
2.046 |
%20PRIVATE%20LIMITED%20-%20326061%2008-Jun-2015_files/image015.gif)
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) |
|
Gross Revenue from Operations |
6835.600 |
7939.500 |
4271.200 |
|
|
|
16.149 |
-46.203 |
%20PRIVATE%20LIMITED%20-%20326061%2008-Jun-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Revenue from Operations |
6835.600 |
7939.500 |
4271.200 |
|
Profit |
74.100 |
176.900 |
59.300 |
|
|
1.08% |
2.23% |
1.39% |
%20PRIVATE%20LIMITED%20-%20326061%2008-Jun-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10563685 |
27/03/2015 |
230,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK
BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA |
C50979889 |
|
2 |
10554697 |
27/02/2015 |
600,000,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI BANK TOWERS, BANDRA-KURLA, COMPLEX,,
MUMBAI, MAHARASHTRA - 400051, INDIA |
C46432365 |
|
3 |
10549348 |
12/12/2014 |
750,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO.
94 & 95, BHUSARI COLONY (RIGHT), KOTHRUD, PUNE, MAHARASHTRA -
411038, INDIA |
C43512177 |
|
4 |
10514850 |
30/06/2014 * |
490,000,000.00 |
INDIAN OVERSEAS BANK |
CATHEDRAL BRANCH, 762, ANNA SALAI, CHENNAI,
TAMILNADU - 600002, INDIA |
C17970302 |
|
5 |
10517474 |
01/07/2014 * |
2,000,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO.
94 & 95, BHUSARI COLONY (RIGHT), KOTHRUD, PUNE, MAHARASHTRA -
411038, INDIA |
C20534137 |
|
6 |
10512852 |
28/03/2014 |
550,000,000.00 |
PIRAMAL FINANCE PRIVATE LIMITED |
1ST FLOOR, PIRAMAL TOWER ANNEXE, GANPATRAO
KADAM |
C14798417 |
|
7 |
10462501 |
29/11/2013 |
500,000,000.00 |
IFCI LIMITED |
IFCI TOWERS, 61, NEHRU PLACE,, NEW DELHI,
DELHI - |
B90452301 |
|
8 |
10445171 |
11/07/2013 |
300,000,000.00 |
CANARA BANK |
NO.5, THOUSAND LIGHTS, GREAMS ROAD,
CHENNAI, TAMILNADU - 600006, INDIA |
B83115832 |
|
9 |
10446199 |
08/07/2013 |
600,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN
POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B83630350 |
|
10 |
10416189 |
15/12/2014 * |
1,300,000,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI BANK TOWERS, BANDRA-KURLA, COMPLEX,
MUMBAI, MAHARASHTRA - 400051, INDIA |
C42847822 |
|
11 |
10421702 |
28/03/2013 |
300,000,000.00 |
INDIAN OVERSEAS BANK |
MYLAPORE BRANCH, NO:177,LUZ CHURCH ROAD,
MYLAPORE, CHENNAI, TAMILNADU - 600004, INDIA |
B73646994 |
|
12 |
10410132 |
06/02/2013 |
1,100,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT,
MUMBAI, MAHARASHTRA - 400021, INDIA |
B70202601 |
|
13 |
10395696 |
09/11/2012 |
671,100,000.00 |
INDIAN BANK |
PURASAWALKAM, PURASAWALKAM HIGH ROAD,
CHENNAI, TAMILNADU - 600007, INDIA |
B65394587 |
|
14 |
10395697 |
09/11/2012 |
671,100,000.00 |
INDIAN BANK |
PURASAWALKAM, PURASAWALKAM HIGH ROAD,
CHENNAI, TAMILNADU - 600007, INDIA |
B65282048 |
|
15 |
10364748 |
21/05/2013 * |
1,010,000,000.00 |
UNION BANK OF INDIA |
CHENNAI MAIN BRANCH, 139, BROADWAY,
CHENNAI, TAMILNADU - 600108, INDIA |
B76713130 |
|
16 |
10331050 |
26/12/2011 |
300,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN
POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B30337273 |
|
17 |
10306940 |
14/09/2011 |
950,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, DOOR NO.781-785,
RAYALA TOWERS, III FLOOR, CHENNAI, TAMIL NADU - 600002, INDIA |
B20850822 |
|
18 |
10290608 |
14/06/2011 |
600,000,000.00 |
INDIAN OVERSEAS BANK |
CATHEDRAL BRANCH, 762, ANNA SALAI, CHENNAI,
TAMILNADU - 600002, INDIA |
B14421390 |
|
19 |
10249310 |
11/12/2013 * |
1,360,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B91402925 |
|
20 |
10150523 |
29/11/2013 * |
660,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, DOOR NO.781-785,
RAYALA TOWERS, III FLOOR,, CHENNAI, TAMIL NADU - 600002, INDIA |
B91739946 |
|
21 |
10137203 |
09/11/2012 * |
650,000,000.00 |
INDIAN BANK |
30/275, PURASAWALKAM HIGH ROAD, PURASAWALKAM,
CHENNAI, TAMILNADU - 600007, INDIA |
B61748398 |
|
22 |
10124699 |
23/12/2013 * |
1,184,000,000.00 |
INDIAN BANK |
30/275, PURASAWALKAM HIGH ROAD,
PURASAWALKAM, CHENNAI, TAMILNADU - 600008, INDIA |
B93412815 |
* Date of charge modification
COMPANY OVERVIEW
Incorporated in the year 1997, True Value Homes (India) Private Limited
(henceforth TVH) has steadily grown over the years and established its presence
in Chennai and Coimbatore .With expansion plans to other parts of Tamilnadu,
TVH has become a leading brand across Tamilnadu. The success of the Company is
attributable to the quality deliverables and the customer centric approach.
With good land banks, future projects are poised to give the Company more
headways.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Computer software
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. 63.90 |
|
|
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
42 |
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.