MIRA INFORM REPORT
|
Report No. : |
328504 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VODAFONE INDIA LIMITED (w.e.f.11.10.2011) |
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|
|
|
Formerly Known
As : |
VODAFONE ESSAR LIMITED (w.e.f.12.07.2007) HUTCHISON ESSAR LIMITED (w.e.f.26.08.2005) HUTCHISON MAX TELECOM LIMITED (w.e.f.01.12.2004) HUTCHISON MAX TELECOM PRIVATE LIMITED |
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Registered
Office : |
Peninsula Corporate
Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.02.1992 |
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Com. Reg. No.: |
11-119108 |
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Capital Investment
/ Paid-up Capital : |
Rs. 4140.869 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U32200MH1992PLC119108 |
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|
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07197B |
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PAN No.: [Permanent Account No.] |
AAACH5332B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Mobile Telecommunication Services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “VODAFONE GROUP PLC”. It is
well-established company having fine track record. The company has incurred losses from its operational activities over a
year. However, the rating takes into consideration company’s healthy market
position in the Indian wireless telecommunication industry marked by its
adequate liquidity position. Further rating also takes into consideration
managerial and financial support that company receives from its parent
company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of strong holding support, the Company can be considered good
for normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : AA |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
08.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
08.06.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [CONTACT NO.: 91-22-66645000]
LOCATIONS
|
Registered/
Corporate Office : |
Peninsula Corporate
Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66645000/
66661222/ 66661200 |
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Fax No.: |
91-22-24963645 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Delhi · Mumbai · Bangalore · Ahmedabad · Jaipur · Kolkata · Lucknow · Mohali · Hyderabad · Meerut ·
Chennai · Karnal · Kochi · Pune |
DIRECTORS
As on 04.09.2014
|
Name : |
Mr. Marten Pieters |
|
Designation : |
Managing director |
|
Address : |
Lyndewood House, Flat No 4, 1st Floor, 9
Bomanji Petit Road, Mumbai - 400026, Maharashtra, India |
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Date of Birth/Age : |
29.04.1953 |
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Qualification : |
P.G in
Economics, Dutch Law |
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Date of Appointment : |
01.04.2012 |
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PAN No.: |
BBDPP1859D |
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DIN No.: |
02598456 |
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|
Name : |
Mr. Analjit Singh |
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Designation : |
Director |
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Address : |
15, Aurangzeb Road, New Delhi – 110011, India |
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Date of Birth/Age : |
11.01.1954 |
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Qualification : |
B.A, B.S, MBA
(Boston) |
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Date of Appointment : |
23.03.2006 |
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DIN No.: |
00029641 |
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|
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|
Name : |
Mr. Chittranjan Dua |
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Designation : |
Director |
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Address : |
88, Sunder Nagar, New Delhi – 110003, India |
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Date of Birth/Age : |
03.11.1951 |
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Qualification : |
B.A. (Hon) &
M.A. (Hon) in Economics, LL.B. |
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Date of Appointment : |
27.09.2006 |
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DIN No.: |
00036080 |
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|
Name : |
Mr. Vikram Singh Mehta |
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Designation : |
Director |
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Address : |
18, Friends' Colony West, New Delhi – 110065, India |
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Date of Birth/Age : |
30.10.1952 |
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Qualification : |
BA Maths (Hons),
MA Economics, Oxford University and MA (Energy Economics) , Tufts University |
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Date of Appointment : |
08.08.2013 |
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DIN No.: |
00041197 |
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|
Name : |
Mrs. Ashwani Windlass |
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Designation : |
Director |
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Address : |
N-53, Panchshila Park, New Delhi - 110017, India |
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Date of Birth/Age : |
02.07.1956 |
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Qualification : |
B.Com, MBA |
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Date of Appointment : |
26.05.2012 |
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DIN No.: |
00042686 |
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|
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|
Name : |
Mr. Rajesh R Laddha |
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Designation : |
Director |
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Address : |
3201/3202 of Tower, 4th Floor, Plant Godrej Simplex,
Starata, 30 Keshav Roa Kgadey Marg, Mumbai – 400011, Maharashtra, India |
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Date of Birth/Age : |
07.05.1967 |
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Qualification : |
MBA, CPA, CA,
CMA |
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Date of Appointment : |
16.02.2012 |
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DIN No.: |
02228042 |
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|
|
|
Name : |
Mr. John William Lorimer Otty |
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Designation : |
Director |
|
Address : |
1, Harvest Place, Wargrave, Reading Berkshire U. K. RG10 8AQ |
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Date of Birth/Age : |
13.01.1964 |
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Qualification : |
Degree in
Electronic Engineering from Cambridge University, ACA - 1989 |
|
Date of Appointment : |
08.08.2013 |
|
DIN No.: |
02432741 |
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|
|
|
Name : |
Mr. Serpil Orhan Timuray |
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Designation : |
Director |
|
Address : |
Acarlar Mahallesi Keklik Sokak Beykoz Konaklari, Sitesi No. 114,Daire
A-6, 34800 Beykoz, Istanbul - 34800, Turkey |
|
Date of Birth/Age : |
07.07.1969 |
|
Date of Appointment : |
22.11.2013 |
|
DIN No.: |
06737415 |
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|
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|
Name : |
Shyamala Gopinath |
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Designation : |
Director |
|
Address : |
DG-4, Vasant Vihar, 85, Napean Sea Road, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
20.06.1949 |
|
Date of Appointment : |
17.04.2014 |
|
DIN No.: |
02362921 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhakar H. Shetty |
|
Designation : |
Secretary |
|
Address : |
1203, Ozone tower 1, Rustomjee Builders, Off. S.V. Road, Goregaon West,
Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1968 |
|
Date of Appointment : |
01.03.2014 |
|
PAN No.: |
AALPS9504Q |
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|
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|
Name : |
Prasanna Kumar Das |
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Designation : |
VP - Distribution Projects |
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|
Name : |
Ajay Patel |
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Designation : |
EVP - Central Operations Group |
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Name : |
Sunil Sood |
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Designation : |
Chief Operating Officer |
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Name : |
Deepak Sachdeva |
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Designation : |
GM - Sales and Marketing Ops |
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Name : |
Suresh Bagrodia |
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Designation : |
EVP – Finance and Accounts |
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Name : |
Balesh Sharma |
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Designation : |
CEO (Malta) |
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Name : |
Zahir Wykes |
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Designation : |
VP Retail Business Experience |
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Name : |
Himanshu Jain |
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Designation : |
GM- Applic. Devpt and Maint |
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Name : |
Rajiv Kohli |
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Designation : |
Operations Director - North |
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Name : |
JPS Choudhary |
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Designation : |
AVP - Human Resources |
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Name : |
Sambasivan G |
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Designation : |
EVP - Finance |
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Name : |
Jagadish B |
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Designation : |
AVP - HR Business Partner |
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Name : |
Sundeep Kathuria |
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Designation : |
Sr. VP - Regulatory |
MAJOR SHAREHOLDERS
As on 04.09.2014
|
Names of Shareholders (Table A**) |
|
No. of Shares |
|
Central Depository Services (India) Limited, India |
|
395251799 |
|
Vodafone Telecommunications(India) Limited, India |
|
18835021 |
|
Telecom Investments India Private Limited, India |
|
30 |
|
|
|
|
|
Total |
|
414086850 |
(Table A**)
|
Names of Shareholders |
|
No. of Shares |
|
Vodafone Telecommunications (India) Limited |
|
19642064 |
|
Mobilvest |
|
39684917 |
|
Trans Crystal Limited |
|
34600965 |
|
Al-Amin Investments Limited |
|
19238530 |
|
Prime Metals Limited |
|
6346082 |
|
CCII (Mauritius) Inc |
|
10568355 |
|
Euro Pacific Securities Limited |
|
94459317 |
|
Asian Telecommunications Investments (Mauritius) Limited |
|
23218582 |
|
Telecom Investments India Private Limited |
|
53658489 |
|
Usha Martin Telematics Limited |
|
25123355 |
|
Jaykay Finholding (India) Private Limited |
|
2122557 |
|
Piramal Enterprises Limited |
|
45425328 |
|
Omega Telecom Holdings Private Limited |
|
21163258 |
|
|
|
|
|
Total |
|
395251799 |
As on 04.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
75.35 |
|
Bodies corporate |
24.65 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Mobile Telecommunication Services. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
ICICI Bank Limited |
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Facilities : |
(Rs.
In Million)
|
|
Financial Institution : |
· IL & FS Trust Company Limited IL & FS Financial Centre, Plot No C22, G Block, Bandra
Kurla Complex Bandra [East], Mumbai - 400051, Maharashtra, India |
|
|
|
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Auditors : |
|
|
Name : |
Delloite Haskins and Sell LLP Chartered Accountants |
|
Address : |
Tower 3, 27th-32nd Floor, India
Bulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg,
Elphinstone [West], Mumbai – 400013, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
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Holding
Company : |
Vodafone Group Plc |
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|
|
Intermediate
Holding Company : |
Vodafone International Holdings B.V. |
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|
|
|
Subsidiary
Company : |
·
Vodafone West Limited [U32100GJ1995PLC035282] ·
Vodafone South Limited [U74899DL1995PLC074451] ·
Vodafone Cellular Limited [U64202TZ1995PLC007674] ·
Vodafone Digilink Limited [U64201DL1997PLC088088] ·
Vodafone Mobile Services Limited
[U64202DL1992PLC088087] ·
Vodafone Shared Services Limited
[U74900GJ2009PLC058189] ·
Vodafone Spacetel Limited [U72200DL1997PLC085764] ·
Mobile Commerce Solutions Limited
[U74900MH2008PLC183456] ·
Vodafone Towers Limited [U64200DL2007PLC207420] ·
Unique Intermediary Facilitators
[U65999MH2008NPL182612] ·
Vodafone East Limited [U32204WB1992PLC079998] ·
Connect (India) Mobile Technologies Private
Limited ( w.e.f February 24, 2012) [U32202MH1999PTC120818] |
|
|
|
|
Fellow
Subsidiary Company
: |
· Vodafone Investments Luxembourg S.A.R.L · Vodafone Group Services Limited · Vodafone India Services Private Limited [U64201GJ1999PTC059542] · Vodafone Procurement Company · Vodafone Netherlands · Vodafone Qatar, Q.S.C · Vodafone Sales and Services Limited · Vodafone Ireland Marketing Limited · Vodafone Overseas Finance Limited · Vodafone Albania · Vodafone Egypt · Vodafone Czech Republic a.s. · Vodafone D2 GmbH · Vodafone Panafon S.A. · Vodafone Hungary Limited · Vodafone Malta Limited · Vodafone Netherlands · Vodafone Portugal · Vodafone Romania S.A. · Vodafone Spain · Telsim Mobile Turkey · Vodafone Limited · Vodafone Omnitel N.V. · Vodafone Espana S.A. · Vodacom Group (Pty) Limited · Vodafone Fiji · Vodafone Asia Pacific Limited · Vodafone Germany (Mobile) · Ghana Telecommunications Company Limited · Vodafone Turkey · Vodacom South Africa · Vodafone New Zealand Limited · Cable and wireless (w.e.f March 31,2013) · Vodafone Global Enterprise INC · Vodafone Australia Limited · Vodafone Procurement Company Sarl |
|
|
|
|
Joint
Venture : |
Indus Towers Limited [U92100DL2007PLC170574] |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
414,086,850 |
Equity Shares |
Rs. 10/- each |
Rs. 4140.870
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 |
4140.869 |
4140.869 |
4140.870 |
|
(b) Reserves & Surplus |
71721.000 |
72870.000 |
76298.000 |
|
(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) |
75861.869 |
77010.869 |
80438.870 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
136212.000 |
70656.000 |
70090.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2925.000 |
1676.000 |
1294.000 |
|
(d) long-term provisions |
4505.000 |
3717.000 |
2645.000 |
|
Total
Non-current Liabilities (3) |
143642.000 |
76049.000 |
74029.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
59543.000 |
53893.000 |
53981.000 |
|
(b) Trade payables |
9694.131 |
9600.131 |
7274.000 |
|
(c) Other current liabilities |
11029.000 |
5527.000 |
5338.000 |
|
(d) Short-term provisions |
511.000 |
292.000 |
210.000 |
|
Total
Current Liabilities (4) |
80777.131 |
69312.131 |
66803.000 |
|
|
|
|
|
|
TOTAL |
300281.000 |
222372.000 |
221270.870 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
20019.000 |
13040.000 |
11575.000 |
|
(ii) Intangible Assets |
30764.000 |
32452.000 |
34215.000 |
|
(iii) Capital work-in-progress |
3743.000 |
1939.000 |
2210.870 |
|
(iv) Intangible assets under development |
84244.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
71224.000 |
71224.000 |
71226.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
78305.000 |
81784.000 |
59524.000 |
|
(e) Other Non-current assets |
0.000 |
77.000 |
335.000 |
|
Total
Non-Current Assets |
288299.000 |
200516.000 |
179085.870 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1760.000 |
1942.000 |
1849.000 |
|
(d) Cash and cash equivalents |
1854.000 |
2942.000 |
2302.000 |
|
(e) Short-term loans and
advances |
6223.000 |
14924.000 |
36463.000 |
|
(f) Other current assets |
2145.000 |
2048.000 |
1571.000 |
|
Total
Current Assets |
11982.000 |
21856.000 |
42185.000 |
|
|
|
|
|
|
TOTAL |
300281.000 |
222372.000 |
221270.870 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
36840.000 |
32227.000 |
29875.000 |
|
|
Other Income |
15171.000 |
17222.000 |
10822.000 |
|
|
TOTAL
(A) |
52011.000 |
49449.000 |
40697.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
23621.000 |
21531.000 |
18428.000 |
|
|
Employees benefits expense |
5515.000 |
4460.000 |
4281.000 |
|
|
Other expenses |
6301.000 |
5810.000 |
6495.000 |
|
|
Exceptional Item before tax |
0.000 |
3218.000 |
0.000 |
|
|
TOTAL
(B) |
35437.000 |
35019.000 |
29204.000 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
16574.000 |
14430.000 |
11493.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11984.000 |
12793.000 |
11886.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4590.000 |
1637.000 |
(393.000) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5739.000 |
5066.000 |
4300.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(1149.000) |
(3429.000) |
(4693.000) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
(252.000) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(1149.000) |
(3429.000) |
(4441.000) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Romaing Revenue |
1907.000 |
473.000 |
620.000 |
|
|
TOTAL
EARNINGS |
1907.000 |
473.000 |
620.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
2816.000 |
3289.000 |
2115.000 |
|
|
TOTAL
IMPORTS |
2816.000 |
3289.000 |
2115.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(2.77) |
(8.28) |
(10.72) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1550.000 |
804.000 |
782.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(3.12) |
(10.64) |
(14.87) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
44.99 |
44.78 |
38.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.81) |
(2.30) |
(3.17) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
(0.04) |
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.58 |
1.62 |
1.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.15 |
0.32 |
0.63 |
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 |
4140.870 |
4140.869 |
4140.869 |
|
Reserves & Surplus |
76298.000 |
72870.000 |
71721.000 |
|
Net
worth |
80438.870 |
77010.869 |
75861.869 |
|
|
|
|
|
|
long-term borrowings |
70090.000 |
70656.000 |
136212.000 |
|
Short term borrowings |
53981.000 |
53893.000 |
59543.000 |
|
Current Maturities of
Long-Term Debts |
782.000 |
804.000 |
1550.000 |
|
Total
borrowings |
124071.000 |
124549.000 |
195755.000 |
|
Debt/Equity
ratio |
1.542 |
1.617 |
2.580 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
29875.000 |
32227.000 |
36840.000 |
|
|
|
7.873 |
14.314 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
29875.000 |
32227.000 |
36840.000 |
|
Profit |
(4441.000) |
(3429.000) |
(1149.000) |
|
|
(14.87%) |
(10.64%) |
(3.12%) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED
LOAN
(Rs. In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Deferred payment liabilities |
61399.000 |
0.000 |
|
Loan and advances from related parties |
11945.000 |
11945.000 |
|
Other Loans and advances |
410.000 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Term loan from banks |
23000.000 |
7000.000 |
|
Rupee term loan from others |
2843.000 |
1893.000 |
|
Commercial paper |
33700.000 |
45000.000 |
|
|
59543.000 |
53893.000 |
|
|
|
|
|
Total |
133297.000 |
65838.000 |
LITIGATION
DETAILS
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date:- 22/05/2015 |
|||||||
|
Lodging No. : |
CEXAL/112/2015 |
Failing Date:- |
22/05/2015 |
|
|
|
|
|
Petitioner:- |
THE COMMISSIONER OF SERVICE TAX – III, MU |
Respondent:- |
VODAFONE INDIA LIMITED |
||||
|
Petn.Adv:- |
SUCHITRA KAMBLE (I2836) |
Resp. Adv.: |
0 (0) |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
DIVISION |
Category:- |
CENTRAL EXCISE APPEAL (CEXA) |
||||
|
Status:- |
Pre-Admission |
||||||
|
|
|
||||||
|
Act. : |
Central Excise and Salt act |
Under Section 35G |
|||||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured
|
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80039461 |
25/05/2009 * |
280,000,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA
COMPLEX BANDRA EAST, MUMBAI, Maharashtra |
A65857302 |
* Date of charge modification
FIXED ASSETS
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Leasehold improvements
· Computer software
·
Licenses and franchise
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.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
62 |
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.