MIRA INFORM REPORT
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Report No. : |
327087 |
|
Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALOK INDUSTRIES LIMITED |
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|
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Registered
Office : |
17/5/1, 521/1, Village Rakholi/ Saily, Silvassa – 396 230, Union Territory of Dadra and Nagar Haveli |
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Tel. No.: |
91-260-3087000 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
12.03.1986 |
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|
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Com. Reg. No.: |
54-000334 |
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Capital
Investment / Paid-up Capital : |
Rs.13773.300
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L17110DN1986PLC000334 |
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|
|
|
IEC No.: |
0392021889 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMA02206B MUMA19032G |
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PAN No.: [Permanent Account No.] |
AAACA0201C |
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Legal Form : |
Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is primarily engaged in the business of
textile manufacturing including mending and packing activities. |
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No. of Employees
: |
19090 (Approximately)
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 154738000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. For the financial year ended 2015, company has achieved growth in its sales turnover but profit of the company has drastically declined. Due to dependence on external borrowings leading to leveraged capital structure and debt coverage indicators. Ratings further constrained by fluctuation in the prices of raw materials and forex movements imparting volatility to the profitability of the company. Moreover, it is also to be noted that share price of the subject company quoted low on stock exchange against the face value of company share. (Face Value: Rs.10 Against the Market Value BSE/ NSE: Rs.5.88/5.58) it shows lower shareholder value. However, trade
relations are fair. Business is active. Payments are reported to be slow but
correct. In view of lower
shareholder value backed by leverage financial profile, the company can be
considered for business dealing 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 |
CARE |
|
Rating |
Long Term Bank Facilities - Term Loan =
“BBB-” (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
27.05.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities - Term Loan =
“A3” (Suspended) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
27.05.2015 |
Reason for suspension: Absence of requisite information.
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Marthe |
|
Designation : |
Manager |
|
Contact No.: |
91-22-22832923 |
|
Date : |
15.06.2015 |
LOCATIONS
|
Registered Office : |
17/5/1, 521/1, Village Rakholi/ Saily, Silvassa – 396 230, Union
Territory of Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-3087000 |
|
Fax No.: |
91-260-2645289 |
|
E-Mail : |
Woven Fabrics: wovenrmg@alokind.com Knitted Fabrics:
knitdomestic@alokind.com Home Textiles: hometextile@alokind.com Garments: garments@alokind.com Polyester Yarn: texyarndomestic@alokind.com Cotton and
Cotton Yarn: cottonyarn@alokind.com Work Wear: workwear@alokind.com Embroidery: embroidery@alokind.com |
|
Website : |
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Corporate Office : |
Tower B, 2nd and 3rd Floor, Peninsula Tower ‘A’
Wing, Peninsula Corporate Park, G.K. Marg, Lower Parel, Mumbai – 400 013, Maharashtra,
India |
|
Tel. No. : |
91-22-61787000/ 24996200/ 6500 |
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Fax No.: |
91-22-24936078 |
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E-Mail : |
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Works (Manufacturing Locations) : |
Spinning 412 (15), Saily, Silvassa, Union Territory of Dadra and Nagar Haveli,
India Weaving a) 17/5/1 and 521/1, Rakholi / Saily, Silvassa, Union Territory of
Dadra and Nagar Haveli, India b) 209/1 and 209/4, Dadra, Union Territory of Dadra and Nagar Haveli,
India c) Babla Compound, Kalyan Road, Bhiwandi, District Thane, Maharashtra,
India Processing a) 254, 261, 268, Balitha, Taluka Pardi, District Valsad, Gujarat,
India b) C-16/2, Village Pawane, TTC Industrial Area, MIDC, Navi Mumbai, District
Thane, Maharashtra, India Knitting 412 (15), Saily, Silvassa, Union Territory of Dadra and Nagar Haveli,
India Hemming 103/2, Rakholi, Silvassa, Union Territory of Dadra and Nagar Haveli,
India Embroidery a)
A/317, TTC Industrial Area, MIDC, Mahape, Navi Mumbai, Maharashtra, India b)
248 and 248, Vasona, Silvassa Khanvel Road, Sivassa, Union Territory of Dadra
and Nagar Haveli, India Polyester Yarn
(POY and Texturised Yarn) 17/5/1,
521/1, Rakholi / Saily and 409/1 Saily Silvassa, Union Territory of Dadra and
Nagar Haveli, India Garments a) 374/2/2, Saily, Silvassa Khanvel Road, Union Territory of Dadra and
Nagar Haveli, India b) 17/5/1, Rakholi, Silvassa, Union Territory of Dadra and Nagar
Haveli, India c) 273/1/1, Hingraj Industrial Estate, Atiawad, Daman, Union
Territory, India d) 50/P2, 52/P1, Morai, Taluka Pardi, District Valsad, Gujarat, India Home Textiles Bed Linen a) 374/2/2, Saily, Silvassa, Union Territory of Dadra and Nagar
Haveli, India b) 149/150, Morai Taluka, Pardi, District Valsad, Gujarat, India Terry Towel 263/P1 and 251/2P1 Balitha, Taluka Pardi, District Valsad, Gujarat,
India Packing Unit 87/1/1/1
and 97/1, Village Falandi, Silvassa, Union Territory of Dadra and Nagar
Haveli, India |
|
|
|
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Branch Office : |
B-43, Mittal Tower, Nariman Point, Mumbai – 400 021, Maharashtra,
India |
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Tel. No.: |
91-22-22874865/ 22832923/ 24940129/ 22845233/ 22881279/ 22832923 |
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Fax No.: |
91-22-22874864/ 24936078 |
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Marketing Offices – Domestic : |
Located at: ·
New Delhi ·
Bangalore ·
Chennai |
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Marketing Offices - Overseas : |
Located at: ·
Sri Lanka ·
Bangladesh ·
China ·
U.S.A. – Dallas ·
U.S.A. – New York ·
Czech Republic ·
British Virgin Islands ·
Dubai ·
Store Twenty One - Solihull |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Ashok Bhagirathmal Jiwrajka |
|
Designation : |
Executive
Director |
|
Address : |
301, Krishan Kunj, Shivaji Park Road No.5, 3rd Floor,
Mahim, Mumbai – 400 016, Maharashtra, India |
|
Date of Birth/Age : |
07.10.1950 |
|
Qualification : |
Commerce Graduate |
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Date of Appointment : |
12.03.1986 |
|
DIN No : |
00168350 |
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|
|
|
Name : |
Mr. Dilip Bhagirathmal Jiwrajka |
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Designation : |
Managing Director |
|
Address : |
6, Bay View, Abdul Gafar Khan Road, Worli, Sea Face, Mumbai – 400 018,
Maharashtra, India |
|
Date of Birth/Age : |
09.10.1956 |
|
Date of Appointment : |
12.03.1986 |
|
DIN No : |
00173476 |
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|
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|
Name : |
Mr. Surendra Bhagirathmal Jiwrajka |
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Designation : |
Joint
Managing Director |
|
Address : |
Flat No.901, Palm Beach Apartments, 67-A, Pochkhanwala Road, Mumbai -
400025, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1958 |
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Date of Appointment : |
12.03.1986 |
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DIN No : |
00173525 |
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|
Name : |
Mr. Ashok Girdharidas Rajani |
|
Designation : |
Independent
Director |
|
Address : |
101/102, Read Rose Apartments, Pochkhanwala, Road, Mumbai – 400 018, Maharashtra,
India |
|
Date of Birth/Age : |
15.01.1953 |
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Qualification: |
Graduate in Commerce |
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Date of Appointment : |
27.05.1993 |
|
DIN No.: |
00267748 |
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|
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|
Name : |
Mr. Timothy Charles William Ingram Stanley |
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Designation : |
Independent Director |
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Address : |
6, Ranelagn Avenue, London, SW63PJ, United Kingdom |
|
Date of Birth/Age : |
18.06.1947 |
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Date of Appointment : |
29.07.2005 |
|
DIN No.: |
01430613 |
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|
Name : |
Mrs. Thankom T. Mathew |
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Designation : |
Nominee
Director |
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Date of Birth/Age : |
62 Years |
|
|
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|
Name : |
Mrs. Lalita Sharma |
|
Designation : |
Nominee
Director |
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Date of Birth/Age : |
58 Years |
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|
Name : |
Mr. Sudhir Garg |
|
Designation : |
Nominee
Director |
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Date of Birth/Age : |
62 Years |
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|
Name : |
Mr. Surinder Kumar Bhoan |
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Designation : |
Independent
Director |
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Date of Birth/Age : |
66 Years |
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|
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|
Name : |
Mr. Sunil O. Khandelwal |
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Designation : |
Executive Director and Chief Financial Officer |
|
Date of Birth/Age : |
50 Years |
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|
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|
Name : |
Mr. K.H. Gopal |
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Designation : |
Executive Director and Company Secretary |
|
Date of Birth/Age : |
48 Years |
KEY EXECUTIVES
|
Name : |
Mr. Alok A. Jiwrajka |
|
Designation : |
Chief Operating Officer |
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|
Name : |
Mr. Niraj D. Jiwrajka |
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Designation : |
Joint Chief Operating Officer |
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Name : |
Mr. Varun S. Jiwrajka |
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Designation : |
Joint Chief Operating Officer |
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Name : |
Mr. Tulsi Karnani |
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Designation : |
Chief Executive Officer - Weaving |
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Name : |
Mr. Michaeli M. Mesmer |
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Designation : |
Senior Vice President - Marketing |
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Name : |
Mr. Sanjay Bhatt |
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Designation : |
Chief Executive Officer - Embroidery |
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Name : |
Mrs. Mala Mukherjee |
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Designation : |
Head - Hemming |
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Name : |
Mr. Sapan Mukherjee |
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Designation : |
Chief Executive Officer - Spinning |
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Name : |
Mr. Reshabh Raizada |
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Designation : |
Chief Executive Officer - Polyester |
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Name : |
Mr. Senthil Kumar |
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Designation : |
Chief Executive Officer - Processing |
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Name : |
Mr. Arvind Maurya |
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Designation : |
Chief Executive Officer - Knits |
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|
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|
Name : |
Mr. Sanjay Deora |
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Designation : |
Chief Executive Officer - Terry Towels |
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|
Name : |
Mr. Romi Agarwal |
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Designation : |
Chief Executive Officer - Garments |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholders |
No. of Shares |
Percentage of Holding |
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
110048897 |
7.99 |
|
|
396259511 |
28.77 |
|
|
19459382 |
1.41 |
|
|
19459382 |
1.41 |
|
|
525767790 |
38.17 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
525767790 |
38.17 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
12832 |
0.00 |
|
|
113518914 |
8.24 |
|
|
84825563 |
6.16 |
|
|
198357309 |
14.40 |
|
|
|
|
|
|
176042171 |
12.78 |
|
|
|
|
|
|
169665535 |
12.32 |
|
|
261934673 |
19.02 |
|
|
45550417 |
3.31 |
|
|
14766290 |
1.07 |
|
|
2238862 |
0.16 |
|
|
25354421 |
1.84 |
|
|
2273975 |
0.17 |
|
|
916869 |
0.07 |
|
|
653192796 |
47.42 |
|
Total
Public shareholding (B) |
851550105 |
61.83 |
|
Total
(A)+(B) |
1377317895 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
1377317895 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of
textile manufacturing including mending and packing activities. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
19090 (Approximately)
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Statutory
Auditors : |
Deloitte
Haskins and Sells LLP Chartered
Accountants |
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|
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|
Internal
Auditors : |
Bhandarkar
and Company Chartered
Accountants Devdhar
Joglekar and Srinivasan Chartered
Accountants N.T.
Jain and Company Chartered
Accountants Shah
Gupta and Company Chartered
Accountants T.R.
Chadha and Company Chartered
Accountants |
|
|
|
|
Legal
Advisors and Solicitors : |
Desai
Desai Carimjee and Mulla |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Companies : |
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Entities under common control : |
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Subsidiaries : |
·
Alok Industries
International Limited ·
Alok Infrastructure
Limited ·
Alok International,
Inc. ·
Springdale
Information and Technologies Private Limited # ·
Alok International
(Middle East) FZE ·
Kesham Developers
and Infotech Private Limited # ·
Alok Worldwide
Limited ·
Alok Singapore Pte
Limited ·
Mileta, a.s. ·
Grabal Alok (UK)
Limited ·
Alok Global Trading
(Middle East) FZE (Incorporated on 7 July 2014) ·
Grabal Alok
International Limited ·
Alok Global
Singapore Pte. Limited (Incorporated on 7 March 2014) ·
Alok Merchant
Singapore Pte. Limited (Incorporated on 7 March 2014) ·
Alok Trading
Singapore Pte. Limited (Incorporated on 7 March 2014) ·
Alok Universal
Singapore Pte. Limited (Incorporated on 7 March 2014) # Liquidation under
process |
|
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Joint Venture : |
|
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Firms in which Relatives of Key Management Personnel are interested : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000000 |
Equity Shares |
Rs.10/- each |
Rs.15000.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1377317895 |
Equity Shares |
Rs.10/- each |
Rs.13773.200
million |
|
|
Add:
13921 Equity Shares forfeited of Rs.10/- each, Rs.5/- paid up |
|
Rs.0.100
million |
|
|
Total
|
|
Rs.13773.300 million |
|
|
|
|
|
(i)
Reconciliation of number of shares and amount outstanding at the beginning and
end of the period
|
Particulars |
As at 31st
March, 2015 |
|
|
No. of Shares |
Amount (Rs. in
millions) |
|
|
Equity
shares of Rs.10/- each |
|
|
|
At
the beginning of the period |
1377115595 |
13771.200 |
|
Add
: Shares issued |
202300 |
2.000 |
|
At
the end of the period |
1377317895 |
13773.200 |
a) The above includes, 22,485,000
Equity shares allotted to the shareholders of Grabal Alok Impex Limited during
the year end March 2012, pursuant to the Scheme of Amalgamation for
consideration other than cash.
(ii)
Shareholders holding more than 5 percent shares in the Company
|
Equity
shares |
As at 31st
March, 2015 |
|
|
No. of Shares |
% of holding |
|
|
Alok
Knit Exports Limited |
395,620,191 |
28.72 |
(iii) Rights, preferences
and restrictions attached to equity shares
The Company has single class
of equity shares. Each shareholders is eligible for one vote per share held.
The dividend proposed by the Board of Directors is subject to the approval of
the shareholders. In the event of liquidation, the equity shareholders are
eligible to receive remaining assets of the company, after distribution of all
preferential amounts, in proportion to their shareholding.
(iv)
Shares reserved for issue under options.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.10.2013 to 31.03.2015 (18 Months) |
01.04.2012 to 30.09.2013 (18 Months) |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13773.300 |
13771.300 |
8262.800 |
|
(b) Reserves & Surplus |
40384.900 |
37109.900 |
28282.400 |
|
(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) |
54158.200 |
50881.200 |
36545.200 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
72235.000 |
90854.700 |
70130.600 |
|
(b) Deferred tax liabilities (Net) |
8682.600 |
6641.400 |
6267.700 |
|
(c) Other long term liabilities |
27643.500 |
1774.700 |
0.000 |
|
(d) Long-term provisions |
210.300 |
168.800 |
1763.900 |
|
Total Non-current Liabilities (3) |
108771.400 |
99439.600 |
78162.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
60440.900 |
45605.800 |
41264.200 |
|
(b) Trade payables |
33801.800 |
17864.300 |
5064.200 |
|
(c) Other current liabilities |
33942.500 |
38461.500 |
20582.000 |
|
(d) Short-term provisions |
2409.600 |
2772.700 |
756.000 |
|
Total Current Liabilities (4) |
130594.800 |
104704.300 |
67666.400 |
|
|
|
|
|
|
TOTAL |
293524.400 |
255025.100 |
182373.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
83065.700 |
91569.000 |
85145.400 |
|
(ii) Intangible Assets |
139.600 |
265.300 |
375.500 |
|
(iii) Capital work-in-progress |
562.200 |
5551.300 |
9141.600 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3481.500 |
1291.500 |
1667.900 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
17482.700 |
16373.500 |
2560.900 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
104731.700 |
115050.600 |
98891.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
28.100 |
27.300 |
39.400 |
|
(b) Inventories |
82845.800 |
57264.700 |
33799.100 |
|
(c) Trade receivables |
75317.500 |
49430.900 |
21521.500 |
|
(d) Cash and cash equivalents |
6347.500 |
8826.500 |
12948.400 |
|
(e) Short-term loans and advances |
22731.000 |
22475.600 |
14040.400 |
|
(f) Other current assets |
1522.800 |
1949.500 |
1133.700 |
|
Total Current Assets |
188792.700 |
139974.500 |
83482.500 |
|
|
|
|
|
|
TOTAL |
293524.400 |
255025.100 |
182373.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.10.2013 to 31.03.2015 (18 Months) |
01.04.2012 to 30.09.2013 (18 Months) |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations (net) |
221307.200 |
199177.500 |
89008.600 |
|
|
|
Other Income |
2248.200 |
3419.100 |
656.000 |
|
|
|
TOTAL |
223555.400 |
202596.600 |
89664.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
173812.200 |
139088.700 |
59097.900 |
|
|
|
Changes in inventories of finished goods and
work-in-progress |
(27185.500) |
(25091.500) |
(15166.600) |
|
|
|
Employees benefits expense |
4125.900 |
4346.800 |
2672.800 |
|
|
|
Other expenses |
20098.700 |
26584.000 |
16813.000 |
|
|
|
Exceptional Items |
0.000 |
4637.400 |
1212.700 |
|
|
|
TOTAL |
170851.300 |
149565.400 |
64629.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
52704.100 |
53031.200 |
25034.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32511.600 |
25424.500 |
11495.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20192.500 |
27606.700 |
13539.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14612.100 |
13607.700 |
7134.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5580.400 |
13999.000 |
6405.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2092.800 |
4797.400 |
2599.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3487.600 |
9201.600 |
3805.300 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
23288.400 |
13801.600 |
9216.100 |
|
|
|
|
|
|
|
|
|
Add |
ON AMALGAMATION* |
0.000 |
0.000 |
548.500 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer (to)/ from Debenture Redemption Reserves |
30.300 |
(768.600) |
(519.000) |
|
|
|
Proposed Dividend – Equity Shares |
0.000 |
413.200 |
247.900 |
|
|
|
Corporate dividend tax thereon |
0.000 |
70.200 |
40.200 |
|
|
|
Excess provision of dividend and tax thereon |
0.000 |
0.000 |
(0.800) |
|
|
BALANCE CARRIED
TO THE B/S |
26745.700 |
23288.400 |
13801.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
35138.200 |
46677.400 |
27679.800 |
|
|
|
Interest Received on Fixed Deposits |
0.000 |
0.000 |
1.800 |
|
|
TOTAL EARNINGS |
35138.200 |
46677.400 |
27681.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods purchased |
310.100 |
2681.900 |
7499.500 |
|
|
|
Stores & Spares purchased |
140.300 |
389.700 |
683.300 |
|
|
|
Raw Material purchased |
4685.100 |
13286.700 |
12815.800 |
|
|
|
Packing Materials purchased |
47.800 |
109.200 |
68.900 |
|
|
TOTAL IMPORTS |
5183.300 |
16467.500 |
21067.500 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.53 |
9.43 |
4.69 |
|
* On amalgamation of Grabal Alok Impex Limited with the Company during
the previous year.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.10.2013 to 31.03.2015 (18 Months) |
01.04.2012 to 30.09.2013 (18 Months) |
31.03.2012 |
|
Current maturities of long-term borrowings |
20790.800 |
23841.300 |
16327.400 |
|
Cash generated from / (used in) operations |
32780.400 |
(1001.900) |
170.700 |
KEY
RATIOS
|
PARTICULARS |
|
01.10.2013 to 31.03.2015 (18 Months) |
01.04.2012 to 30.09.2013 (18 Months) |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.58 |
4.62 |
4.28 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
23.81 |
26.63 |
28.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.93 |
5.64 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.28 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.83 |
3.15 |
3.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.34 |
1.23 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs.5.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
30.09.2013 (18 months) |
31.03.2015 (18 months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
8262.800 |
13771.300 |
13773.300 |
|
Reserves & Surplus |
28282.400 |
37109.900 |
40384.900 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
36545.200 |
50881.200 |
54158.200 |
|
|
|
|
|
|
Long-term borrowings |
70130.600 |
90854.700 |
72235.000 |
|
Short term borrowings |
41264.200 |
45605.800 |
60440.900 |
|
Current
maturities of long-term borrowings |
16327.400 |
23841.300 |
20790.800 |
|
Total borrowings |
127722.200 |
160301.800 |
153466.700 |
|
Debt/Equity ratio |
3.495 |
3.151 |
2.834 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
30.09.2013 (18 months) |
31.03.2015 (18 months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations (net) |
89008.600 |
199177.500 |
221307.200 |
|
|
|
123.773 |
11.111 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
30.09.2013 (18 months) |
31.03.2015 (18 months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations (net) |
89008.600 |
199177.500 |
221307.200 |
|
Profit |
3805.300 |
9201.600 |
3487.600 |
|
|
4.28% |
4.62% |
1.58% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND INFORMATION
The
Company is a public limited company, domiciled in India and incorporated under
the provisions of the Companies Act, 1956. The equity shares of the Company are
listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). It
is primarily engaged in the business of textile manufacturing including mending
and packing activities.
YEAR IN RETROSPECT:
For the 18 months period
ended 31st March, 2015 the Company recorded sales of Rs.221307.200
million. The exports of the Company for the year (including incentives) stood
at Rs.38616.000 million. The profit before tax was at Rs.5580.400 million.
AWARDS AND RECOGNITION
During the year, the
Company has won awards in following categories:
A. From Cotton Textile
Exports Council of India (TEXPROCIL):
1. Gold Trophy for the
Highest Exports of Bed Linen/Bed Sheets/Quilts in Madeups;
2. Gold Trophy for the
Highest Exports of Other Fabrics including Embroidered Fabrics, Laces;
3. Gold Trophy for the
Highest Exports of Terry Towels in Madeups;
4. Silver Trophy for the
Second Highest Exports of Bleached/ Dyed/Yarn Dyed/Printed Fabrics;
5.
Silver Trophy for the Second Highest Global Exports (Overall).
B. From the Synthetic and
Rayon Textiles Export Promotion Council:
6. Award for Fourth Best
Overall Export Performance in the Category of SRTEPC Special Award (Trophy);
MANAGEMENT DISCUSSION AND ANALYSIS
With manufacturing
facilities primarily in India, subject is an integrated textiles manufacturer
that is developing global scales and servicing marquee customers across the
world. Today, the business is highly integrated with global markets and
macro-economic developments across the world have a significant impact on its
performance.
ECONOMIC OVERVIEW
World
Global growth remains
moderate, with uneven prospects across the main countries and regions. IMF
estimates suggest that global growth was a modest 3.4%in Calendar Year (CY)
2014, reflecting a pickup in growth in advanced economies relative to the
previous year and a slowdown in emerging market and developing economies.
Despite the slowdown, emerging market and developing economies still accounted
for three-fourths of global growth in 2014. Complex forces that affected global
activity in 2014 are still shaping the outlook. These include medium- and
long-term trends, such as population aging and declining potential growth;
global shocks, such as lower oil prices; and many country- or regionspecific
factors, such as crisis legacies and exchange rate swings triggered by actual
and expected changes in monetary policies.
Relative to CY 2014, the
outlook for advanced economies is improving in CY2015, while growth in emerging
market and developing economies is projected to be lower, primarily reflecting
weaker prospects for some large emerging market economies and oil-exporting
countries. Overall, global growth is projected to be 3.5% in CY2015.
Growth in the United States
was stronger than expected, averaging about 4% annualized in the last three
quarters of CY2014. Consumption—the main engine of growth— has benefited from
steady job creation and income growth, lower oil prices, and improved consumer
confidence. The unemployment rate declined to 5.5% in February, more than 1%
point below its level of a year ago. In Japan, after a weak second half of the
year, growth in CY2014 was close to zero, reflecting weak consumption and
plummeting residential investment. In the euro area, activity was weaker than
expected in the middle part of CY2014 but showed signs of a pickup in the
fourth quarter and in early 2015, with consumption supported by lower oil
prices and higher net exports. Investment growth in China declined in the
second half of CY2014, reflecting a correction in the real estate sector, and
high frequency indicators point to some further slowdown. Growth in Latin
America in the second half of CY2014 was modest, reflecting weak activity in
Brazil, lower than-expected growth in Mexico, and weakening momentum in other
economies in the region. Economic performance in Russia was a bit stronger than
expected in the second half of CY2014, but the increase in geopolitical
tensions, declining confidence, and the repercussions of the oil price decline
point to a more severe weakening of the outlook in the Commonwealth of Independent
States (CIS) as a whole for CY2015 and CY2016.
With the advanced economies
regaining steam, its imports have increased. Unlike in the recent past, in
CY2014 the growth in imports of advanced economies did not translate into
higher growth in exports of emerging economies. This indicates the fact that
trade within advanced economies have increased and helped enhance their
domestic capacity utilisations. Thus, competitive strength continued to
intensify for exports from emerging economies.
Importantly, there has been
a complete churn in the global oil and gas economy. This warrants a more
detailed explanation. The bottom line is that since November 2014 when oil
prices were at levels above US$100 a barrel, it fell sharply to levels around
US$ 40 a barrel in March 2015 and is today trading around US$60 a barrel. To
explain the reasons behind this, one needs to appreciate that oil prices are
determined by supply and demand conditions as well as speculative investments
based on expectations.
Four things have affected
the pricing dynamics. First, demand is low because of weak economic activity,
increased efficiency, and a growing switch away from oil to other fuels.
Second, turmoil in Iraq and Libya—two big oil producers with nearly 4m barrels
a day of combined production – has not affected global output. The market is
more sanguine about geopolitical risk. Third, USA has become the world’s
largest oil producer. Though it does not export crude oil, it now imports much
less, creating a lot of spare supply. Finally, the Saudis and their Gulf allies
have decided not to sacrifice their own market share to restore the price. They
could curb production sharply, but the main benefits would go to countries they
have strong political discord with such as Iran and Russia. Consequently, there
has been a sharp fall in prices. Such a steep fall has pushed expectations down
and negative sentiments have further impeded speculative demand affecting
prices adversely.
Headline inflation has
declined in advanced economies, reflecting the decline in oil prices, softer
prices for other commodities, and a weakening of demand in a number of
countries already experiencing below-target inflation, such as the euro area
and Japan. This decline in inflation, together with changes in the growth
outlook and announcements by the Bank of Japan in October 2014 and the European
Central Bank (ECB) in January of larger-than-expected asset purchase programs,
has strengthened expectations of a protracted divergence in monetary policy
stances across the main advanced economies, widening long-term interest rate
differentials. With regard to emerging markets, lower prices for oil and other
commodities (including food, which has a larger weight in the consumer price
index of emerging market and developing economies) have generally contributed
to reductions in inflation, with the notable exception of countries suffering
sizable exchange rate depreciations, such as Russia.
In this setting, raising
actual and potential output continues to be a general policy priority. In many
advanced economies, accommodative monetary policy remains essential to support
economic activity and lift inflation expectations. There is also a strong case
for increasing infrastructure investment in some economies, and for implementing
structural reforms to tackle legacies of the crisis and boost potential output.
In many emerging market economies, macroeconomic policy space to support growth
remains limited. But in some lower oil prices will help reduce inflation and
external vulnerabilities, thereby reducing pressure on central banks to raise
policy interest rates. Structural reforms to raise productivity, with a varied
agenda across countries, are of the essence to sustain potential output
India
While there have been
positive signals with the new BJP led government coming to power in 2014, the
macroeconomic recovery is still very gradual. Admittedly, there have been moves
in the right direction. However, the pace of recovery on the ground has been
slow. The new GDP estimates, as yet not accepted by all concerned even within
different ministries of the central government, suggest that real Gross Value
Added (GVA) grew by 7.5% in 2014-15 versus 6.6% in 2013-14. However, the data
also shows that much of the improvement occurred because of significantly
higher coverage of the services sector, which recorded 10.6% growth in 2014-15.
Note: There has been change
in methodology with all data post 2012-13 depicting GVA, while the period
before was GDP. Both are similar concepts but there are differences in
calculation methodology. As yet there is no long series that transforms the old
GDP data in line with the new GVA methodology. So, the pre-2013-14 are not
comparable with the new estimates of the last two years.
To be sure, there have been
positive signals of business confidence such as significantly greater interest
of foreign institutional investors in the Indian equity market. Moreover, there
is a small uptick in real investments. For instance, growth in gross fixed
capital formation (GFCF), which had hit a low of (-)0.3% in 2012-13 has
improved to 4.1% in 2014-15.
However, it is only fair to
say that while trends may be in the right direction, India has not yet seen the
kind of investments needed in the real sectors of the economy to regain its
earlier high growth trajectory.
Despite the cautionary
tone, it needs stating that there were two positive trends in 2014-15. First,
as touched upon earlier, there has been renewed interest in India from foreign
investors. This has certainly reflected in terms of foreign portfolio
investments (FPI) in the stock market. For portfolio investments, while in
2013-14 there was capital flight with a US$487 million net outflow, in 2014-15
there has been a net inflow of US$38.9 billion. Moreover, they are perhaps
beginning to see greater interest in foreign direct investments (FDI). For the
April-February period, where data is available, FDI into India increased by 23%
from US$26.5 billion in 2013-14 to US$32.7 billion in 2014-15.
These financial inflows
into the country have helped stabilise the rupee, which witnessed a sharp fall
in 2013. Since January 2015, even the gradual devaluation trend has stabilised
and foreign exchange fluctuations have become less apparent.
The other positive news is
that inflation seems to be under control. Measured in terms of the consumer
price index (CPI), inflation reduced to 5.2% in March 2015 from 5.4% in
February. It has been the lowest rate in three months thanks to a reduction in
food prices, and is significantly below the average CPI inflation rate in India
between 2012 and end- 2014, when it averaged 8.7%. While the Reserve Bank of
India (RBI) has signalled a gradual easing of interest rates with two 25 basis
points cut in the benchmark repo rate— bringing the level down from 8% in
December 2014 to 7.5% in April 2015—more needs to be done. Indian industry, in
general, and the construction sector, in particular, is suffering from high
interest costs. In the absence of any near-term worries about an overheated
economy and given a benign inflation environment, many believe that it is time
for the RBI and the commercial banks to further cut interest rates and
stimulate much needed growth in the real economy.
So, while there are some
positive signals for the India’s economic growth, there are clear concerns that
they are far from being on the runway for a take-off.
Textiles, Clothing and
Fibre Industry
Global Scenario
In this economic backdrop,
there were mixed signals from the global textile industry during 2013 and 2014.
While the overall steady growth trend is apparent, there are also several
structural changes taking place. To throw some light on this, let them look at
the numbers.
The global apparel market,
which is the primary end-user segment for the entire textiles value chain, was
around US$ 1,146 Bn in 2013 and is estimated around US$ 1,200 Bn in 2014. This
overall market is growing at 5% CAGR and is estimated to reach US$ 2,110 by
2025. This growth in market size in value terms can be attributed to growing
population, increasing per capita consumption globally.
The apparel industry
constitutes ~1.8% of the World GDP. EU27, US, China and Japan together
constitute almost 75% of the total market. China is expected to be the biggest
consumer of apparel in 2025 with a market size of US$ 540 Bn.
India is the fastest
growing market and is expected to become the 3rd biggest apparel market in the
world by 2025 with a total market size of around USD 200 Bn as per the CII
report. Per capita consumption of apparel in India was US$37 in 2013 and around
US$40 in 2014. This is the lowest per capita consumption among all the major
countries and is expected to increase with the improvement in overall economy in
India. To put these figures in context, per capita consumption of apparel in
2013 in other regions is Global Average – 163, China – 122, USA – 725, Japan -
885 and Australia – 1131
Given that consumption
centres for apparel are in different regions compared to production centres,
there is a flourishing world trade that supports the global apparel industry.
In fact, world trade in textile and apparel grew in 2014 and is estimated to be
US$821 Bn. The overall trade is expected to grow at a CAGR of 6.6% up to 2020
and reach US$1,180 by the end of this decade.
In terms of categories,
apparels continue to be the largest segment in global textiles and apparel
trade with a share of 56%; while fabric accounts for 17%;yarn and fibre is 7%
and 6% respectively; while made-ups ins 4%. However, in terms of growth in the
period between 2005 and 2013, the fastest category was fibre with a CAGR of
9.4%, followed by apparel (CAGR: 6.8%); made-ups (CAGR: 6.4%); yarn (CAGR:
5.1%); and fabric (CAGR: 4.1%).
OUTLOOK
The Indian textile industry
has the potential to double itself in size over the next 6-7 years. Among the
major competing nations, China is losing its competitive advantage in textile
mainly on account of increasing labor costs, appreciating Yuan, rising power
costs, focus on domestic market and also due to conscious strategy to move
towards higher value additions industries.
Other major exporting
countries like Pakistan and Bangladesh are facing geo-political issues. In this
scenario all major export markets like USA, Europe, Japan and Australia are
increasingly looking to shift a large portion of their sourcing pie. India is
well placed to fill this gap since its entire major costs like cotton, yarn,
power, wages, dyes and chemicals are today globally competitive. In addition,
the government also has been supportive for the industry and in order to unlock
the complete potential of India, more efforts are needed from the industry as
well as the government.
A ‘Make in India’ campaign
covering 25 sectors, including the textile and garment industry, has been
unveiled by the Prime Minister in the presence of big names from the corporate
world of India and abroad at a ceremony in New Delhi. The ‘Make in India’
scheme also puts in place the logistics and systems to address in a timely
manner queries of potential investors. At present, the Government of India
allows 100% foreign direct investment (FDI) under the automatic route in the
textile sector, subject to all applicable regulations and laws, which effectively
backs the make in India program for the textile and garment industry.
Under the ‘Make in India’
initiative, investment opportunities for foreign companies and entrepreneurs
are available across the entire value chain of synthetics, value-added and
specialty fabrics, fabric processing set-ups for all kinds of natural and
synthetic textiles, technical textiles, garments, and retail brands.
Notes:
On
March 15, 2012, pursuant to the amalgamation of Grabal Alok Impex Limited with
Alok Industries Limited as per the Scheme of Amalgamation sanctioned by the
Hon’ble High Court, Bombay, India on 3 February 2012 the Company has issued and
allotted 22,485,000 Equity shares to the shareholders of Grabal Alok Impex
Limited whose name appeared in the register of members of Grabal Alok Impex
Limited (in the ratio of 1:1), as per the details received from NSDL/CDSL.
Consequent on the amalgamation, the Company’s equity share capital as on March
31, 2012 stands at Rs.8262.700 million divided into 826,269,357 fully paid equity
shares of Rs.10/- each. There was no inflow received by the Company on account
of amalgamation.
UNSECURED LOAN
|
Particulars |
31.03.2015 (Rs.
in Million) |
30.09.2013 (Rs.
in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From banks |
|
|
|
-
Foreign currency loans |
342.300 |
751.200 |
|
SHORT-TERM BORROWINGS |
|
|
|
Cash Credit accounts, working capital demand loans etc. |
|
|
|
From Banks [(Includes Rs. Nil
(Previous period Rs.290.800 million) loans in foreign currency)] |
0.000 |
290.800 |
|
Inter Corporate Deposit |
1229.400 |
0.000 |
|
Total
|
1571.700 |
1042.000 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10561334 |
30/03/2015 |
700,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE
BRANCH, ORIENTAL BUILDING, GROUND FLOOR, 364, D.N. ROAD, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
C50033117 |
|
2 |
10558409 |
30/03/2015 |
750,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU
PLACE, NEW DELHI, DELHI - 110001, INDIA |
C48564801 |
|
3 |
10558968 |
27/03/2015 |
700,000,000.00 |
DENA BANK |
CORPORATE BUSINESS
BRANCH, C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI,
MAHARASHTRA - |
C49025133 |
|
4 |
10564359 |
27/03/2015 |
3,651,600,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, 1ST FLOOR, WALCHAND HIRACHAND MARG, BALLARD PIER, MUMBAI,
MAHARASHTRA - 400038, INDIA |
C51237972 |
|
5 |
10564368 |
27/03/2015 |
700,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, 1ST FLOOR, WALCHAND HIRACHAND MARG, BALLARD PIER,
MUMBAI, MAHARASHTRA - 400038, INDIA |
C51240885 |
|
6 |
10564867 |
27/03/2015 |
2,751,900,000.00 |
SYNDICATE BANK |
SYNDICATE BANK BUILDING,
26/A, SIR P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C51448678 |
|
7 |
10564868 |
27/03/2015 |
450,000,000.00 |
SYNDICATE BANK |
SYNDICATE BANK BUILDING, 26/A,
SIR P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C51448868 |
|
8 |
10564332 |
26/03/2015 |
400,000,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104,
GROUND FLOOR, M. S. MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
C51227288 |
|
9 |
10568602 |
26/03/2015 |
4,232,200,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH
II, 2ND FLOOR, BARAKHAMBA LANE CONNAUHT CIRCUS, NEW DELHI, DELHI -
110001, INDIA |
C53255584 |
|
10 |
10557799 |
25/03/2015 |
250,000,000.00 |
EXPORT-IMPORT BANK OF
INDIA |
FLOOR 21, CENTRE ONE
BUILDING, MUMBAI, MAHARASHTRA - 400005, INDIA |
C48195184 |
|
11 |
10561016 |
21/03/2015 |
800,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,
MMO BUILDING, 1ST FLOOR, M. G. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
C49913163 |
|
12 |
10561063 |
21/03/2015 |
1,722,400,000.00 |
INDIAN BANK |
NO.1, SANE GURUJI
PREMISES, 386, VEER SAVARKAR MARG, OPPOSITE SIDDHIVINAYAK TEMPLE, PRABHADEVI,
MUMBAI, |
C49933278 |
|
13 |
10561321 |
19/03/2015 |
3,410,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE
BRANCH, ORIENTAL BUILDING, GROUND FLOOR, 364, D.N. ROAD, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
C50029156 |
|
14 |
10558970 |
13/03/2015 |
3,882,200,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH,
C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA
- |
C49025786 |
|
15 |
10559428 |
13/03/2015 |
1,976,400,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104,
GROUND FLOOR, M. S. MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
C49224314 |
|
16 |
10561663 |
12/03/2015 |
362,500,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE
BRANCH, 37, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C50166172 |
|
17 |
10562603 |
12/03/2015 |
900,000,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, P.M ROAD,
FORT, MUMBAI, MAHARASHTRA - |
C50567536 |
|
18 |
10572885 |
11/03/2015 |
667,500,000.00 |
THE KARUR VYSYA BANK
LIMITED |
NOBLE CHAMBERS, GROUND FLOOR,
S.A. BRELVI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C55438618 |
|
19 |
10562597 |
28/02/2015 |
250,000,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, P.M ROAD,
FORT, MUMBAI, MAHARASHTRA - |
C50566355 |
|
20 |
10557041 |
26/02/2015 |
300,000,000.00 |
SICOM LIMITED |
SOLITAIRE CORPORATE PARK,
BUILDING NO.4, GURU HARGOVINDJI ROAD, CHAKALA, ANDHERI (EAST), MUMBAI,
MAHARASHTRA - 400093, INDIA |
C47734991 |
|
21 |
10561675 |
04/02/2015 |
5,574,900,000.00 |
UNITED BANK OF INDIA |
2ND FLOOR, 25, SIR P.M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C50169143 |
|
22 |
10552471 |
30/01/2015 |
550,000,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, P.M ROAD,
FORT, MUMBAI, MAHARASHTRA - |
C45262706 |
|
23 |
10552480 |
30/01/2015 |
1,700,000,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, P.M ROAD,
FORT, MUMBAI, MAHARASHTRA - |
C45265501 |
|
24 |
10547637 |
28/01/2015 |
750,000,000.00 |
STATE BANK OF HYDERABAD |
CORPORATE FINANCE BRANCH,
11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C42801258 |
|
25 |
10548158 |
27/01/2015 |
1,333,400,000.00 |
VIJAYA BANK |
INDUSTRIAL FINANCE
BRANCH, NEW EXCELSIOR BUILDING, WALLACE STREET, FORT, MUMBAI, MAHARASHTRA -
400013, INDIA |
C43046473 |
|
26 |
10546636 |
14/01/2015 |
2,480,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET,
NANAVATHI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C42245480 |
|
27 |
10544728 |
07/01/2015 |
2,500,000,000.00 |
THE JAMMU AND KASHMIR BANK
LIMITED |
79A, MEHTA HOUSE, BOMBAY
SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C41291824 |
|
28 |
10545860 |
07/01/2015 |
3,000,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, 1ST FLOOR, |
C41799909 |
|
29 |
10545861 |
07/01/2015 |
7,750,000,000.00 |
AXIS TRUSTEE SERVICES
LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY
DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA -
400025, INDIA |
C41801986 |
|
30 |
10543032 |
01/01/2015 |
2,400,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS
BRANCH, 224 MITTAL COURT, C WING, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
C40421505 |
|
31 |
10544019 |
01/01/2015 |
400,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS
BRANCH, 224 MITTAL COURT, C WING, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C40902348 |
|
32 |
10539209 |
29/12/2014 |
2,740,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET,
NANAVATHI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C38405254 |
|
33 |
10541795 |
29/12/2014 |
4,004,400,000.00 |
THE JAMMU AND KASHMIR
BANK LIMITED |
79A, MEHTA HOUSE, BOMBAY
SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C39839816 |
|
34 |
10542742 |
27/12/2014 |
1,929,200,000.00 |
STATE BANK OF HYDERABAD |
CORPORATE FINANCE BRANCH,
11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C40312035 |
|
35 |
10542595 |
27/12/2014 |
500,000,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
COMMERCIAL NETWORK
BRANCH, 239, P. D' MELLO ROAD, |
C40212730 |
|
36 |
10546415 |
27/12/2014 |
1,362,200,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE
BRANCH, APEEJAY HOUSE, DR. V |
C42140616 |
|
37 |
10546416 |
27/12/2014 |
300,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE
BRANCH, APEEJAY HOUSE, DR. V |
C42141002 |
|
38 |
10544052 |
26/12/2014 |
3,850,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C40916124 |
|
39 |
10544059 |
26/12/2014 |
600,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C40920613 |
|
40 |
10538787 |
24/12/2014 |
2,794,500,000.00 |
ORIENTAL BANK OF COMMERCE |
LARGE CORPORATE BRANCH,
MAKER TOWER 'F', 14TH FLOOR, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005,
INDIA |
C38162376 |
|
41 |
10542865 |
24/12/2014 |
1,953,600,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH,
PLOT NO.31, G BLOCK, 7TH |
C40368755 |
|
42 |
10543002 |
24/12/2014 |
400,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH,
PLOT NO.31, G BLOCK, 7TH |
C40421000 |
|
43 |
10542746 |
23/12/2014 |
1,027,600,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104, GROUND
FLOOR, M. S. MARG, |
C40312928 |
|
44 |
10542785 |
23/12/2014 |
4,520,400,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH,
ATLANTA, 1ST FLOOR, JAMNALAL |
C40337016 |
|
45 |
10542879 |
23/12/2014 |
2,400,000,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULSANI
CHAMBERS, WEST WING, 1ST FLOOR, |
C40375537 |
|
46 |
10543417 |
23/12/2014 |
7,400,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,
1ST FLOOR, MMO BUILDIN |
C40647463 |
|
47 |
10542653 |
22/12/2014 |
2,409,800,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
COMMERCIAL NETWORK BRANCH,
239, P. D' MELLO ROAD, |
C40213191 |
|
48 |
10539365 |
20/12/2014 |
2,235,200,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,
66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C38486593 |
|
49 |
10541793 |
12/12/2014 |
1,054,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE,C-2, WADIA INTERNATIONAL
CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C39837760 |
|
50 |
10546152 |
11/12/2014 |
12,444,600,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH,
RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA
- 400021, INDIA |
C42000521 |
|
51 |
10535784 |
04/10/2014 |
192,700,000.00 |
SYNDICATE BANK |
26A, SIR P. M. ROAD,
FORT, MUMBAI, MAHARASHTRA - |
C36482339 |
|
52 |
10527068 |
29/09/2014 |
1,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
C30560676 |
|
53 |
10527073 |
29/09/2014 |
4,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
C30563027 |
|
54 |
10526064 |
26/09/2014 |
800,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,
1ST FLOOR, MMO BUILDING, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29794674 |
|
55 |
10526692 |
25/09/2014 |
554,700,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH,
GROUND FLOOR, AXIS HOUSE, WORLI, MUMBAI, MAHARASHTRA - 400060, INDIA |
C30317531 |
|
56 |
10520358 |
20/08/2014 |
779,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER,WTC COMPLEX,
CUFFE PARADE, MUMBAI, MA |
C21002142 |
|
57 |
10518141 |
13/08/2014 |
345,000,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH,
C-10, G BLOCK, BANDRA |
C19246727 |
|
58 |
10522352 |
07/08/2014 |
803,200,000.00 |
VIJAYA BANK |
INDUSTRIAL FINANCE BRANCH,
NEW EXCELSIOR BUILDING, WALLACE STREET, FORT, MUMBAI, MAHARASHTRA - 400013,
INDIA |
C22891766 |
|
59 |
10518143 |
31/07/2014 |
1,096,500.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARA |
C19248368 |
|
60 |
10518166 |
31/07/2014 |
748,200.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C19249903 |
|
61 |
10512934 |
28/07/2014 |
205,000,000.00 |
THE KARUR VYSYA BANK
LIMITED |
NOBLE CHAMBERS, GROUND FLOOR,
S.A. BRELVI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C15031610 |
|
62 |
10518140 |
28/07/2014 |
130,000,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104,
GROUND FLOOR, M. S. MARG, |
C19245208 |
|
63 |
10521818 |
28/07/2014 |
2,984,300,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, P.M ROAD,
FORT, MUMBAI, MAHARASHTRA - |
C22242697 |
|
64 |
10512243 |
07/01/2015 * |
1,950,000,000.00 |
DENA BANK |
CORPORATE BUSINESS
BRANCH, DENA CORPORATE CENTRE, |
C42139824 |
|
65 |
10517800 |
11/07/2014 |
2,397,600,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, 1ST FLOOR, WALCHAND HIRACHAND MARG, BALLARD PIER, MUMBAI,
MAHARASHTRA - 400038, INDIA |
C19033380 |
|
66 |
10506406 |
02/07/2014 |
5,346,300,000.00 |
STATE BANK OF HYDERABAD |
CORPORATE FINANCE BRANCH,
11-C, MITTAL TOWER, 21 |
C09546003 |
|
67 |
10510148 |
30/06/2014 |
1,047,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE
BRANCH, APEEJAY HOUSE, DR. V |
C12159042 |
|
68 |
10510458 |
30/06/2014 |
525,000,000.00 |
INDIAN BANK |
NO.1,SANE GURUJI
PREMISES, 386, VEER SAVARKAR MARG, OPPOSITE SIDDHIVINAYAK TEMPLE, PRABHADEVI,
MUMBAI, |
C12272530 |
|
69 |
10510692 |
30/06/2014 |
773,200,000.00 |
UCO BANK |
FLAGSHIP CORPORATE BRANCH,
1ST FLOOR, MAFATLAL CENTRE, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021,
INDIA |
C12703278 |
|
70 |
10507088 |
28/06/2014 |
2,305,900,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE
BRANCH, ORIENTAL BUILDING, GROUND FLOOR, 364, D.N. ROAD, FORT, MUMBAI, MAHARASHTRA
- 400001, INDIA |
C09918541 |
|
71 |
10506655 |
28/06/2014 |
586,500,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH,
ATLANTA, 1ST FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C09688177 |
|
72 |
10510325 |
28/06/2014 |
845,000,000.00 |
INDIAN BANK |
NO.1, SANE GURUJI
PREMISES, 386, VEER SAVARKAR MARG, OPPOSITE SIDDHIVINAYAK TEMPLE, PRABHADEVI,
MUMBAI, |
C12269726 |
|
73 |
10515224 |
28/06/2014 |
1,365,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH,
PLOT NO.31, G BLOCK, 7TH |
C16610743 |
|
74 |
10505185 |
27/06/2014 |
856,000,000.00 |
ORIENTAL BANK OF COMMERCE |
LARGE CORPORATE BRANCH, 181-A,
MAKER TOWER 'E', |
C08543043 |
|
75 |
10515260 |
27/06/2014 |
1,480,300,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH
II, 2ND FLOOR, WORLD TRAD |
C16640757 |
|
76 |
10513512 |
27/06/2014 |
350,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS
BRANCH, 224 MITTAL COURT, C WING, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
C15437239 |
|
77 |
10507339 |
26/06/2014 |
862,500,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULSANI
CHAMBERS, WEST WING, 212, NARIM |
C10074334 |
|
78 |
10506887 |
25/06/2014 |
273,300,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
C09809005 |
|
79 |
10509672 |
25/06/2014 |
715,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,
1ST FLOOR, MMO BUILDING, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C11787132 |
|
80 |
10500603 |
06/06/2014 |
690,400,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
COMMERCIAL NETWORK
BRANCH, 239, P. D' MELLO ROAD, |
C05757125 |
|
81 |
10503630 |
02/06/2014 |
66,000,000.00 |
DOMBIVLI NAGARI SAHAKARI
BANK LIMITED |
5/8, SAMBHAVA CHAMBERS,
P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C06978530 |
|
82 |
10502929 |
30/05/2014 |
205,000,000.00 |
THE JAMMU AND KASHMIR
BANK LIMITED |
79A, MEHTA HOUSE, BOMBAY
SAMACHAR MARG, FORT, MU |
C06609432 |
|
83 |
10507644 |
27/05/2014 |
300,000,000.00 |
SICOM LIMITED |
SOLITAIRE CORPORATE PARK,
BUILDING NO.4, GURU HARGOVINDJI ROAD, CHAKALA, ANDHERI (EAST), MUMBAI,
MAHARASHTRA - 400093, INDIA |
C10251510 |
|
84 |
10502078 |
06/05/2014 |
1,240,166.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C06169080 |
|
85 |
10496861 |
06/05/2014 |
342,000,000.00 |
DBS BANK LIMITED |
CAPITOL POINT, BABA
KHARAK SINGH MARG, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C05252457 |
|
86 |
10509049 |
29/04/2014 |
1,250,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR,
BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI,
MAHARASHTRA - 400025, INDIA |
C11328796 |
|
87 |
10501672 |
28/04/2014 * |
3,100,000,000.00 |
EXPORT-IMPORT BANK OF
INDIA |
CENTRE ONE BUILDING, FLOOR
NO.21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - |
C21561816 |
|
88 |
10502089 |
16/04/2014 |
1,904,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARA |
C06170203 |
|
89 |
10496797 |
11/04/2014 |
17,621,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI,
MAHA |
C05232541 |
|
90 |
10485917 |
07/01/2015 * |
2,286,600,000.00 |
AXIS TRUSTEE SERVICES
LIMITED |
AXIS HOUSE, 2ND FLR,
BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI,
MAHARASHTRA - 400025, INDIA |
C41801622 |
|
91 |
10488782 |
07/01/2015 * |
2,000,000,000.00 |
SYNDICATE BANK |
SYNDICATE BANK BLDG.,
26/A, SIR P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C41430745 |
|
92 |
10489092 |
14/03/2014 |
960,000,000.00 |
INDUSTRIAL AND COMMERCIAL
BANK OF CHINA LIMITED |
INDUSTRIAL AND COMMERCIAL
BANK OF CHINA LIMITED, |
C03143427 |
|
93 |
10488093 |
20/02/2014 |
4,650,000,000.00 |
AXIS BANK LIMITED |
AXIS BANK LIMITED,
PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C02202604 |
|
94 |
10480922 |
07/01/2015 * |
2,000,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, |
C41801036 |
|
95 |
10479236 |
30/12/2013 |
1,980,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B97058762 |
|
96 |
10477344 |
27/12/2013 |
1,540,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B96221155 |
|
97 |
10477338 |
20/12/2013 |
2,390,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B96220462 |
|
98 |
10468116 |
13/12/2013 |
250,000,000.00 |
SICOM LIMITED |
SOLITAIRE CORPORATE PARK,
BUILDING NO. 4, GURU HARGOVINDJI ROAD, ANDHERI (EAST), MUMBAI,
MAHARASHT |
B92705409 |
|
99 |
10467489 |
10/12/2013 |
100,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,
66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B92491596 |
|
100 |
10469917 |
10/12/2013 |
6,662,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B93412757 |
|
101 |
10468948 |
07/12/2013 |
2,500,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI,
MAHA |
B93023141 |
|
102 |
10465207 |
26/11/2013 |
130,000,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104,
GROUND FLOOR, M. S. MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
B91564641 |
|
103 |
10466199 |
22/10/2013 |
1,880,000.00 |
PUNJAB NATIONAL BANK |
PNB HOUSE, SIR P. M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B91973834 |
|
104 |
10455950 |
11/10/2013 |
1,723,800,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE
BRANCH, ORIENTAL BLDG, GR |
B87914123 |
|
105 |
10457286 |
07/01/2015 * |
1,000,000,000.00 |
ANDHRA BANK |
NANAVATHI MAHALAYA, 18,
HOMI MODI STREET, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C42242073 |
|
106 |
10455870 |
07/01/2015 * |
2,000,000,000.00 |
LIFE INSURANCE
CORPORATION OF INDIA |
CENTRAL OFFICE, YOGAKSHEMA,
JEEVAN BIMA MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
C42139477 |
|
107 |
10449623 |
07/01/2015 * |
950,000,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS
BRANCH, 224, MITTAL COURT, C |
C42136622 |
|
108 |
10449310 |
07/01/2015 * |
3,000,000,000.00 |
IFCI LIMITED |
IFCI TOWER, NEHRU PLACE,
NEW DELHI, DELHI - 110019, INDIA |
C41471244 |
|
109 |
10450352 |
07/01/2015 * |
2,000,000,000.00 |
UNITED BANK OF INDIA |
2ND FLOOR, 25, SIR P.M.
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C41998915 |
|
110 |
10449230 |
07/01/2015 * |
3,000,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE CORPORATE
BRANCH,ORIENTAL BUILDING, GROUND FLOOR, 364, D.N. ROAD, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
C41429739 |
|
111 |
10448663 |
07/01/2015 * |
1,150,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE
BRANCH, APEEJAY HOUSE, 130, B.S. MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C42243592 |
|
112 |
10444033 |
20/08/2013 |
1,025,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH,
PLOT NO.31, G BLOCK, 7TH FLOOR, NAMAN CORPORATE LINK, BKC, BANDRA (E),
MUMBAI, MAHARASHTRA - 400051, INDIA |
B82560798 |
|
113 |
10444035 |
07/01/2015 * |
300,000,000.00 |
INDIAN OVERSEAS BANK |
LARGE CORPORATE BRANCH,
PLOT NO.31, G BLOCK, 7TH FLOOR, NAMAN CORPORATE LINK, BKC, BANDRA (E),
MUMBAI, MAHARASHTRA - 400051, INDIA |
C41791088 |
|
114 |
10442190 |
07/01/2015 * |
500,000,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
COMMERCIAL NETWORK
BRANCH, 239, P D'MELLO ROAD, |
C41446758 |
|
115 |
10439537 |
15/07/2013 |
640,400,000.00 |
ORIENTAL BANK OF COMMERCE |
LARGE CORPORATE BRANCH, 181-A,
MAKER TOWER 'E', |
B80630445 |
|
116 |
10439539 |
07/01/2015 * |
2,000,000,000.00 |
ORIENTAL BANK OF COMMERCE |
LARGE CORPORATE BRANCH,
181-A, MAKER TOWER 'E', |
C41431602 |
|
117 |
10441474 |
12/07/2013 |
1,793,800,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES BRANCH, 1ST FLOOR, WALCHAND HIRACHAND MARG, BALLARD PIER,
MUMBAI, MAHARASHTRA - 400038, INDIA |
B81199101 |
|
118 |
10438134 |
03/09/2013 * |
5,000,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,
MMO BUILDING, 1ST FLOOR, FORT, M.G. ROAD, MUMBAI, MAHARASHTRA -
400023, INDIA |
B86889938 |
|
119 |
10438328 |
03/09/2013 * |
750,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE
BRANCH, 1ST FLOOR, MAFATLAL CENTRE, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B86766664 |
|
120 |
10438383 |
03/09/2013 * |
726,400,000.00 |
AXIS TRUSTEE SERVICES
LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY
DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA -
400025, INDIA |
B86762226 |
|
121 |
10438386 |
03/09/2013 * |
1,076,100,000.00 |
AXIS TRUSTEE SERVICES
LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY
DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA -
400025, INDIA |
B86761939 |
|
122 |
10432282 |
08/06/2013 |
2,200,000,000.00 |
ING VYSYA BANK LIMITED |
C-12, G BLOCK, BANDRA KURLA
COMPLEX,BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B77591923 |
|
123 |
10435716 |
28/05/2013 |
360,000,000.00 |
AXIS BANK LIMITED |
209, ATLANTA, GROUND
FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B79139309 |
|
124 |
10431882 |
09/05/2013 |
107,500,000.00 |
EXPORT-IMPORT BANK OF
INDIA |
EXPORT-IMPORT BANK OF
INDIA, FLOOR 21, CENTRE ONE |
B77430197 |
|
125 |
10425056 |
02/05/2013 |
75,000,000.00 |
DOMBIVLI NAGARI SAHAKARI BANK
LIMITED |
5/8, SAMBHAVA CHAMBERS,
P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B74916644 |
|
126 |
10423960 |
04/04/2013 |
2,050,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET,
NANAVATHI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B74505330 |
|
127 |
10423306 |
04/04/2013 |
4,000,000,000.00 |
STATE BANK OF HYDERABAD |
CORPORATE FINANCE BRANCH,
11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B74252248 |
|
128 |
10425298 |
30/03/2013 |
25,651,940.00 |
DOMBIVLI NAGARI SAHAKARI
BANK LIMITED |
KESHAV SMRUTI, MANPADA
ROAD, DOMBIVLI EAST, THANE, MAHARASHTRA - 421201, INDIA |
B74989336 |
|
129 |
10425059 |
03/09/2013 * |
4,000,000,000.00 |
CANARA BANK |
PCB- CONNAUGHT PLACE, II,
2ND FLOOR, WORLD TRADE |
B86773363 |
|
130 |
10417898 |
17/09/2014 * |
6,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA
- 400021, INDIA |
C30737860 |
|
131 |
10419172 |
03/09/2013 * |
1,000,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B85905933 |
|
132 |
10416733 |
22/03/2013 |
768,800,000.00 |
CORPORATION BANK |
BHARAT HOUSE, NO.104,
GROUND FLOOR, M. S. MARG, |
B72285356 |
|
133 |
10422824 |
21/03/2013 |
1,409,400,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH II,
2ND FLOOR, WORLD TRADE TOWER, BARKHAMBA LANE, NEW DELHI, DELHI - 110001,
INDIA |
B74088329 |
|
134 |
10412725 |
13/03/2013 |
1,000,000,000.00 |
STATE BANK OF MYSORE |
'C' WING, MITTAL COURT,
224-NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B71103667 |
|
135 |
10412731 |
13/03/2013 |
376,300,000.00 |
STATE BANK OF MYSORE |
'C' WING, MITTAL COURT,
224-NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B71105274 |
|
136 |
10413725 |
11/03/2013 |
627,200,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
COMMERCIAL NETWORK
BRANCH, 239, P. D' MELLO ROAD, |
B71421598 |
|
137 |
10414533 |
04/03/2013 |
1,742,500,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, ATLANTA,
1ST FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B71712269 |
|
138 |
10417725 |
02/03/2013 |
215,000,000.00 |
DENA BANK |
CORPORATE BUSINESS
BRANCH, C-10, G BLOCK, BANDRA |
B72603434 |
|
139 |
10410777 |
01/03/2013 |
482,500,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B70431465 |
|
140 |
10410783 |
22/02/2013 |
1,025,000,000.00 |
INDIAN BANK |
NO.1, SANE GURUJI
PREMISES, 386, VEER SAVARKAR MARG, OPPOSITE SIDDHIVINAYAK TEMPLE, PRABHADEVI,
MUMBAI, |
B70432463 |
|
141 |
10406764 |
12/02/2013 |
2,562,500,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULSANI CHAMBERS,
WEST WING, 212, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B69088045 |
|
142 |
10400315 |
24/01/2013 |
500,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING,1ST FLOOR, 209, V K SHAH MARG, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
B67026906 |
|
143 |
10402532 |
24/01/2013 |
640,600,000.00 |
UNITED BANK OF INDIA |
UNITED BANK OF INDIA
BUILDING, 2ND FLOOR, 25, SIR. P. M. ROAD, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
B67917666 |
|
144 |
10410780 |
24/01/2013 |
191,500,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE
BRANCH, DR. V B GANDHI MARG, |
B70431804 |
|
145 |
10394884 |
27/12/2012 |
3,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI,
MAHA |
B65132334 |
|
146 |
10391093 |
03/09/2013 * |
2,000,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,
66/80, MUMBAI SAMACHAR |
B86683752 |
|
147 |
10391477 |
27/11/2012 |
530,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B63933030 |
|
148 |
10389295 |
23/11/2012 |
242,500,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL, GROUND
FLOOR, SHOP NO. G1 TO G5, I |
B63090666 |
|
149 |
10387099 |
17/11/2012 |
980,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,
KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B62243878 |
|
150 |
10388961 |
12/11/2012 |
13,243,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH,
RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA
- 400021, INDIA |
B62946959 |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
30.09.2013 (Rs.
in Million) |
|
A. Custom duty on
shortfall in export obligation in accordance with EXIM Policy (The Company is
hopeful of meeting the export obligation within the stipulated period) |
Amount
Unascertained |
Amount
Unascertained |
|
B.
Corporate guarantees given to banks for loans taken by subsidiary companies |
17474.400 |
26424.800 |
|
C.
Bills discounted |
337.700 |
3651.800 |
|
D. Claims against the Company not
acknowledged as debts: |
|
|
|
a)
Income taxes |
61.800 |
3.100 |
|
b)
Maharashtra value added tax |
80.700 |
80.700 |
|
c)
Other tax demands |
15.700 |
15.700 |
|
d)
Others – disputes under litigation |
0.000 |
193.400 |
FIXED ASSETS:
Tangible Assets
·
Freehold Land
·
Leasehold Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Office Premises
·
Computer and Equipments
·
Tools and Equipments
Intangible Assets
·
Trademarks/ Brands
·
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, 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 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.64.09 |
|
UK Pound |
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.