MIRA INFORM REPORT
|
Report No. : |
319624 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ERA INFRA ENGINEERING LIMITED |
|
|
|
|
Registered
Office : |
1107, Indraprakash Building, 21, Barakhamba Road, New Delhi-110001 |
|
Tel. No.: |
91-11-43637000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
03009.1990 |
|
|
|
|
Com. Reg. No.: |
55-041350 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 363.655 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74899DL1990PLC041350 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELE00986G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE1268K |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Subject is engaged in the business of building infrastructure on Build, Operate and Transfer |
|
|
|
|
No. of Employees
: |
4111 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Exist |
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|
|
Comments : |
Subject is an established company having poor track record. Rating is constrained on account of deterioration in financial
performance which resulted into loss from its operational activities marked by
delays in debt servicing by the company due to stretched liquidity profile. Rating further constrained on account of RBI default by company with
regards to its payment obligation. Payments are reported to be slow and delayed. In view of poor financial and managerial profile, the company can be
considered for business dealings on safe and secured trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
D (Long Term Bank Facilities) |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery |
|
Date |
20.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
D (Short Term Bank Facilities) |
|
Rating Explanation |
Instruments with this rating are in default or expected to be in
default on maturity. |
|
Date |
20.04.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office : |
1107, Indraprakash Building, 21, Barakhamba Road, New Delhi-110001,
India |
|
Tel. No.: |
91-11-43637000 |
|
Fax No.: |
91-11-24378784 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
C-56/41, Sector-62, Noida - 201 301, Uttar Pradesh India |
|
Tel. No.: |
91-120-4145000 |
|
Fax No.: |
91-120-4145030 |
|
|
|
|
Corporate Office : |
153, Ground Floor, Okhla Industrial Estate, Phase III, |
|
Tel. No.: |
91-11-40637000 |
|
Fax No.: |
91-11-40637070 |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. H S Bharana |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Tulsi Dass Arora |
|
Designation : |
Whole-Time Director |
|
Date of Birth/Age : |
03.08.196 |
|
Qualification : |
M. Tech and MBA |
|
Date of Appointment : |
14.08.2012 |
|
|
|
|
Name : |
Mr. Arvind Pande |
|
Designation : |
Director |
|
Date of Birth/Age : |
07.09.1942 |
|
Qualification : |
B. Sc, B.A. (Hons), M.A. (Eco) from Cambridge University, UK |
|
Date of Appointment : |
19.03.2005 |
|
Directorship in
other Companies : |
• Sandhar Technologies Limited • Bengal Aerotropolis Projects Limited • Titagarh Wagons Limited |
|
|
|
|
Name : |
Mr. S D Sharma |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. S. D. Kapoor |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. A K Mehta |
|
Designation : |
Director |
|
Date of Birth/Age : |
18.12.1949 |
|
Qualification : |
Pre Engineering |
|
Date of Appointment : |
20.08.1994 |
|
Directorship in
other Companies : |
• Era E-Zone (India) Limited • ZS Exports(India) Limited |
KEY EXECUTIVES
|
Name : |
Mr. KApil Kumar |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholder |
No. of Shares |
% of No. of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
213427559 |
64.36 |
|
|
8628874 |
2.60 |
|
|
8628874 |
2.60 |
|
|
222056433 |
66.97 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
222056433 |
66.97 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
7018143 |
2.12 |
|
|
4539972 |
1.37 |
|
|
11558115 |
3.49 |
|
|
|
|
|
|
57425221 |
17.32 |
|
|
|
|
|
|
31098846 |
9.38 |
|
|
6338415 |
1.91 |
|
|
3122410 |
0.94 |
|
|
1684837 |
0.51 |
|
|
482987 |
0.15 |
|
|
954586 |
0.29 |
|
|
97984892 |
29.55 |
|
Total Public
shareholding (B) |
109543007 |
33.03 |
|
Total (A)+(B) |
331599440 |
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) |
331599440 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of building infrastructure
on Build, Operate and Transfer |
|
|
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|
Products : |
Not Available |
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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 |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
4111 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Financial Institution : |
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Auditors : |
|
|
Name : |
G. C. Sharda and Company Chartered Accountants |
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|
|
|
Internal Auditors : |
|
|
Name : |
P C Bindal and Company Charted Accountant |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
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Direct Subsidiaries Companies : |
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|
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|
Step Subsidiary Companies : |
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|
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Joint Ventures and Associates |
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|
|
Enterprises over
which key management personnel/ Individuals owning directly or indirectly, an
interest in the voting power of the company and their relatives have
significant influence : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
Rs.2/- each |
Rs. 600.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
181827640 |
Equity Shares |
Rs.2/- each |
Rs. 363.655
Million |
|
|
|
|
|
NOTES
|
Sr. No. |
Particulars |
31st March 2014 |
|
a. |
Reconciliation
of Equity Shares Outstanding at the beginning and at the end of the year At the Beginning of the year Add: Allotted during the Year |
181827640 - |
|
|
Outstanding at the end
of the year |
181827640 |
|
|
|
|
|
b. |
List
of Equity Shares held by each shareholder holding more than 5% shares: |
|
|
|
Era Housing & Developers (India) Limited |
|
|
|
- No of shares |
41143772 |
|
|
- Percentage of holding |
22.63% |
|
|
Hi Point Investment and Finance Private Limited |
|
|
|
- No of shares |
33332958 |
|
|
- Percentage of holding |
18.33% |
|
|
As
per of the company, including its register of shareholders/ members, the above
shareholding represents both legal and beneficial ownership of shares. |
|
AS ON 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
375000000 |
Equity Shares |
Rs.2/- each |
Rs. 750.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
331599440 |
Equity Shares |
Rs.2/- each |
Rs. 663.199
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 |
363.655 |
363.655 |
363.655 |
|
(b) Reserves & Surplus |
14200.949 |
19154.984 |
17556.767 |
|
(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) |
14564.604 |
19518.639 |
17920.422 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41529.514 |
20402.350 |
15546.605 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
2692.206 |
2297.428 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
71.282 |
76.938 |
68.576 |
|
Total
Non-current Liabilities (3) |
41600.796 |
23171.494 |
17912.609 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19274.812 |
21145.933 |
17689.526 |
|
(b) Trade payables |
4832.947 |
4234.772 |
3876.294 |
|
(c) Other current liabilities |
9281.506 |
9239.291 |
6513.565 |
|
(d) Short-term provisions |
0.000 |
367.123 |
353.005 |
|
Total
Current Liabilities (4) |
33389.265 |
34987.119 |
28432.390 |
|
|
|
|
|
|
TOTAL |
89554.665 |
77677.252 |
64265.421 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
18302.083 |
18966.489 |
16483.071 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
818.561 |
1266.140 |
892.112 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10521.057 |
8643.945 |
5874.145 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
1343.503 |
1283.433 |
1599.680 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
30985.204 |
30160.007 |
24849.008 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14380.422 |
15862.946 |
14336.604 |
|
(c) Trade receivables |
31885.406 |
21601.241 |
14883.210 |
|
(d) Cash and cash equivalents |
743.523 |
1439.897 |
3127.717 |
|
(e) Short-term loans and
advances |
11358.412 |
8357.975 |
7001.092 |
|
(f) Other current assets |
201.698 |
255.186 |
67.790 |
|
Total
Current Assets |
58569.461 |
47517.245 |
39416.413 |
|
|
|
|
|
|
TOTAL |
89554.665 |
77677.252 |
64265.421 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
26,695.438 |
46730.523 |
43492.331 |
|
|
Other Income |
200.992 |
287.614 |
347.621 |
|
|
TOTAL
(A) |
26896.430 |
47018.137 |
43839.952 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Contract Expenses |
18351.143 |
28598.813 |
27801.488 |
|
|
Purchases of Stock-in-Trade |
3792.018 |
7161.138 |
5264.229 |
|
|
Extraordinary Expenses |
2670.064 |
235.468 |
412.274 |
|
|
Employees benefits expense |
1113.844 |
1494.583 |
1496.233 |
|
|
Other expenses |
429.006 |
551.651 |
668.09 |
|
|
TOTAL
(B) |
26356.075 |
38041.653 |
35642.314 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
540.355 |
8976.484 |
8197.638 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6963.731 |
5494.694 |
4434.096 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(6423.376) |
3481.790 |
3763.542 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1307.395 |
1104.139 |
973.635 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(7730.771) |
2377.651 |
2789.907 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(2692.206) |
694.906 |
1179.634 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(5038.565) |
1682.745 |
1610.273 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
43.234 |
|
|
Spare Parts |
0.000 |
0.000 |
19.151 |
|
|
Capital Goods |
372.641 |
406.709 |
230.061 |
|
|
TOTAL
IMPORTS |
372.641 |
406.709 |
292.446 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(27.71) |
9.25 |
8.86 |
QUARTERLY RESULTS
(Rs.
In Million)
|
Particulars |
June 2014 |
September 2014 |
December 2014 |
|
Audited / Unaudited |
Unaudited |
Unaudited |
Unaudited |
|
Net Sales |
3702.600 |
3604.800 |
4504.000 |
|
Total Expenditure |
3349.300 |
3564.500 |
3828.300 |
|
PBIDT (Excl OI) |
353.300 |
40.200 |
675.700 |
|
Other Income |
30.700 |
15.500 |
17.000 |
|
Operating Profit |
384.000 |
55.700 |
692.700 |
|
Interest |
1552.200 |
1552.400 |
1587.900 |
|
Exceptional Items |
(6.600) |
(91.400) |
(57.900) |
|
PBDT |
(1174.800) |
(1588.000) |
(953.100) |
|
Depreciation |
496.200 |
501.400 |
501.900 |
|
Profit Before Tax |
(1671.000) |
(2089.400) |
(1454.900) |
|
Tax |
0.000 |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
(1671.000) |
(2089.400) |
(1454.900) |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
(1671.000) |
(2089.400) |
(1454.900) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
(18.87) |
3.60 |
3.70 |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
2.02 |
19.21 |
18.85 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
(9.88) |
3.51 |
4.85 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
(0.53) |
0.12 |
0.16 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
4.17 |
2.13 |
1.85 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.75 |
1.36 |
1.39 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
363.655 |
363.655 |
363.655 |
|
Reserves & Surplus |
17,556.767 |
19,154.984 |
14,200.949 |
|
Net
worth |
17,920.422 |
19,518.639 |
14,564.604 |
|
|
|
|
|
|
long-term borrowings |
15,546.605 |
20,402.350 |
41,529.514 |
|
Short term borrowings |
17,689.526 |
21,145.933 |
19,274.812 |
|
Total
borrowings |
33,236.131 |
41,548.283 |
60,804.326 |
|
Debt/Equity
ratio |
1.855 |
2.129 |
4.175 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
43,492.331 |
46,730.523 |
26,695.438 |
|
|
|
7.445 |
(42.874) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
43,492.331 |
46,730.523 |
26,695.438 |
|
Profit |
1,610.273 |
1,682.745 |
(5,038.565) |
|
|
3.70% |
3.60% |
(18.87)% |
LOCAL AGENCY FURTHER INFORMATION
COURT CASE
|
$~1, 3, 4, 8 and
9 * IN THE HIGH
COURT OF DELHI AT NEW DELHI + CCP(CO.) 3/2015 ABG
INFRALOGISTICS LIMITED ..... Petitioner Through: Ms.
Manmeet Arora and Mr. Apoorv Tripathi,
Advocates. Versus ERA INFRA
ENGINEERING LIMITED & ORS. ..... Respondents Through: Mr.
Sanjiv Bansal and Mr. Vineet Tayali,
Advocates. + CO.PET. 381/2013 BAJAJ
ELECTRICALS LTD ..... Petitioner Through: Mr.
Atul Varma, Advocate. Versus ERA INFRA
ENGINEERSING LTD ..... Respondent Through: Mr.
Sanjiv Bansal and Mr. Vineet Tayali,
Advocates. + CO.PET.
227/2014 M/S RMC READY
MIX (INDIA) ..... Petitioner Through: Mr.
V.K. Monga, Advocate. Versus M/S ERA INFRA
ENGENEERING LTD. ..... Respondent Through: Mr.
Sanjiv Bansal and Mr. Vineet Tayali,
Advocates. + CO.PET.
796/2014 M/S STP LIMITED
..... Petitioner Through: Mr.
Kunal Manav, Advocate. Versus CCP(CO.) 3/2015
and other connected matters page 1 of 2 M/S ERA INFRA
ENGINEERING LTD ..... Respondent Through: Mr.
Sanjiv Bansal and Mr. Vineet Tayali,
Advocates. + CO.PET.
806/2014 M/S AGGREGATE
SOLUTIONS ..... Petitioner Through: Mr. R.K.
Singla, Advocate. Versus M/S ERA INFRA
ENGINEERING LIMITED ..... Respondent Through: Mr.
Sanjiv Bansal and Mr. Vineet Tayali,
Advocates. CORAM: HON'BLE MR.
JUSTICE SUDERSHAN KUMAR MISRA O R D E R % 23.04.2015 Counsel for the
respondent has made certain submissions and has indicated the readiness of
his clients to bring Rs.26,00,000/- by way of bank draft towards payment of
petitioners claim. Although, the petitioners claim are for a higher amount.
He submits that this amount shall be paid in Court without prejudice to any
other amount that may be due to the petitioners. At the request of counsel
for the respondent, re-notify on 30th April, 2015. |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
(a) Term Loans (TL) |
|
|
|
- From Banks |
0.000 |
428.600 |
|
(b) Other Loans and Advances (from other parties) |
20.307 |
32.480 |
|
Short-term
borrowings |
|
|
|
Bill Discounting Facility From Others |
153.589 |
0.000 |
|
|
|
|
|
Total |
173.896 |
461.080 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10496613 |
19/11/2014 * |
87,437,100,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,
COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C39664743 |
|
2 |
10489602 |
27/03/2014 |
253,800,000.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
C03690864 |
|
3 |
10478940 |
30/12/2013 |
3,925,400,000.00 |
CORPORATION BANK |
CORPORATE BANKING BRANCH, 10TH FLOOR,
HINDUSTAN T |
B96933510 |
|
4 |
10467061 |
11/12/2013 |
392,621.00 |
BHARTIYA RAIL
BIJLEE COMPANY LIMITED |
NTPC BHAWAN, CORE - 7, SCOPE COMPLEX,, 7, INSTITUTIONAL
AREA, LODI ROAD, NEW DELHI, DELHI - 110003, |
B92345867 |
|
5 |
10465003 |
29/11/2013 |
3,419,018.00 |
BHARTIYA RAIL
BIJLEE COMPANY LIMITED |
NTPC BHAWAN, CORE - 7, SCOPE COMPLEX, 7, INSTITUTIONAL
AREA, LODI ROAD, NEW DELHI, DELHI - 110003, INDIA |
B91467670 |
|
6 |
10443297 |
31/07/2013 |
2,700,000,000.00 |
CANARA BANK |
2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA
LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110020, INDIA |
B82238494 |
|
7 |
10443284 |
23/07/2013 |
1,100,000,000.00 |
BANK OF INDIA |
LARGE CORPORATE BRANCH, 4, PTI BUILDING,,
SANSAD MARG, NEW DELHI, NEW DELHI, DELHI - 110001, INDIA |
B82231176 |
|
8 |
10434145 |
30/12/2013 * |
1,210,000,000.00 |
CORPORATION BANK |
CORPORATE BANKING BRANCH, 10TH FLOOR,
HINDUSTAN TIMES BUILDING, 18/20, K G MARG, C.P., NEW DELHI, DELHI - 110001,
INDIA |
B97183628 |
|
9 |
10432668 |
30/04/2013 |
73,232,300.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B77769248 |
|
10 |
10417604 |
03/04/2013 |
1,560,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,,
BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B72553233 |
|
11 |
10420470 |
30/03/2013 |
1,400,000,000.00 |
CANARA BANK |
2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA
LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B73393027 |
|
12 |
10418078 |
21/03/2013 |
8,250,000,000.00 |
UNION BANK OF INDIA |
M-11, MIDDLE CIRCLE, CONNAUGHT PLACE, NEW
DELHI, DELHI - 110001, INDIA |
B72684913 |
|
13 |
10410306 |
01/03/2013 |
1,300,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI
MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B70261433 |
|
14 |
10418582 |
15/02/2013 |
625,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST
BENGAL - 700046, INDIA |
B72846140 |
|
15 |
10396759 |
29/12/2012 |
1,000,000,000.00 |
UNION BANK OF INDIA |
M-11, MIDDLE CIRCLE, CONNAUGHT PLACE, NEW
DELHI, DELHI - 110001, INDIA |
B65798787 |
|
16 |
10399167 |
28/12/2012 |
750,000,000.00 |
VIJAYA BANK |
17,BARAKHAMBA ROAD, VIJAYA BUILDING, NEW
DELHI, DELHI - 110001, INDIA |
B66528886 |
|
17 |
10400500 |
24/12/2012 |
1,500,000,000.00 |
BANK OF MAHARASHTRA |
A-13, SOUTH EX. PART I,, RING ROAD,, NEW
DELHI, DELHI - 110049, INDIA |
B67072991 |
|
18 |
10379527 |
18/08/2012 |
1,250,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS FINANCIAL CENTREPLOT NO C-22 G
BLOCK, BANDRA KURLA COMPLEX BANDRA E, MUMBAI, MAHARASHTRA - |
B59306357 |
|
19 |
10372650 |
13/07/2012 |
2,500,000,000.00 |
ORIENTAL BANK OF COMMERCE |
INDUSTRIAL FINANCE BRANCH,, H-15,CANNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B56411945 |
|
20 |
10340191 |
15/02/2012 |
300,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
WEST BENGAL - 700046, INDIA |
B34139212 |
|
21 |
10332032 |
24/01/2012 |
1,000,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B30624183 |
|
22 |
10340194 |
23/01/2012 |
251,450,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI
MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B34140053 |
|
23 |
10335719 |
24/12/2011 |
1,000,000,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE BRANCH, 1ST FLOOR,
SAROJINI HOUSE, 6 BHAGWAN DASS ROAD, NEW DELHI, DELHI - 110001 |
B32195398 |
|
24 |
10313474 |
29/09/2011 |
750,000,000.00 |
VIJAYA BANK |
17, BARAKHAMBA ROAD, NEW DELHI, DELHI -
110001, INDIA |
B23636426 |
|
25 |
10307653 |
12/09/2011 |
500,000,000.00 |
THE JAMMU AND KASHMIR BANK LIMITED |
A-17, RING ROAD, LAJPAT NAGAR -IV, NEW
DELHI, DELHI - 110024, INDIA |
B21173265 |
|
26 |
10304688 |
06/09/2011 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B19818020 |
|
27 |
10299019 |
21/07/2011 |
25,842,800.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI
AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B17608027 |
|
28 |
10299017 |
21/07/2011 |
107,357,200.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI
AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B17607375 |
|
29 |
10295230 |
14/06/2011 |
5,800,000,000.00 |
INDIAN OVERSEAS BANK |
14-15 FARM BHAWAN, NEHRU PLACE BRANCH, NEW
DELHI, DELHI - 110019, INDIA |
B16208399 |
|
30 |
10294817 |
07/06/2011 |
200,000,000.00 |
PUNJAB AND SIND BANK |
21, RAJINDRA PLACE, NEW DELHI, DELHI -
110008, INDIA |
B16048431 |
|
31 |
10290727 |
20/04/2011 |
72,754,605.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,, NEW DELHI,
DELHI - 110001, INDIA |
B14464036 |
|
32 |
10284358 |
19/12/2011 * |
300,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B28408425 |
|
33 |
10280474 |
28/02/2011 |
29,313,862.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B10600948 |
|
34 |
10269279 |
03/02/2011 |
73,988,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
B06431464 |
|
35 |
10272784 |
21/01/2011 |
27,467,000.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,, NEW DELHI,
DELHI - 110001, INDIA |
B08392946 |
|
36 |
10261009 |
10/01/2011 |
4,500,000,000.00 |
UCO BANK |
MID CORPORATE BRANCH, UCO BANK BUILDING,
359, D. N. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
B02790111 |
|
37 |
10263519 |
04/01/2011 |
100,000,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
B04188918 |
|
38 |
10254634 |
08/12/2010 |
8,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B00339861 |
|
39 |
10254500 |
30/11/2010 |
450,800.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW
DELHI, DELHI - 110017, INDIA |
B00466417 |
|
40 |
10254324 |
30/11/2010 |
511,980.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW
DELHI, DELHI - 110017, INDIA |
B00465609 |
|
41 |
10254471 |
30/11/2010 |
804,080.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW
DELHI, DELHI - 110017, INDIA |
B00463240 |
|
42 |
10254373 |
30/11/2010 |
1,126,540.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW
DELHI, DELHI - 110017, INDIA |
B00460485 |
|
43 |
10254239 |
30/11/2010 |
6,987,400.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW DELHI,
DELHI - 110017, INDIA |
B00456194 |
|
44 |
10254335 |
30/11/2010 |
7,425,550.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW
DELHI, DELHI - 110017, INDIA |
B00509802 |
|
45 |
10251975 |
08/12/2010 * |
1,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B02304699 |
|
46 |
10251974 |
30/10/2010 |
44,413,254.00 |
DHANLAXMI BANK LIMITED |
DHANALAKSHMI BANK BUILDING NAICKANAL, NAICKANAL,
TRICHUR, KERALA - 680001, INDIA |
A99177644 |
|
47 |
10256834 |
29/10/2010 |
11,901,117.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,, NEW DELHI,
DELHI - 110001, INDIA |
B01765155 |
|
48 |
10256238 |
25/10/2010 |
11,292,165.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,, NEW DELHI,
DELHI - 110001, INDIA |
B01530476 |
|
49 |
10246126 |
30/09/2010 |
121,528,750.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
WEST BENGAL - 700046, INDIA |
A96498696 |
|
50 |
10248268 |
07/09/2010 |
148,809,150.00 |
ANDHRA BANK |
M - 35,, CONNAUGHT CIRCUS,, NEW DELHI,
DELHI - 110001, INDIA |
A97525364 |
|
51 |
10243777 |
30/08/2010 |
2,213,060.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, NEW DELHI,
DELHI - 110017, INDIA |
A96179536 |
|
52 |
10236124 |
27/08/2010 |
300,000,000.00 |
PUNJAB AND SIND BANK |
21, RAJINDRA PLACE, NEW DELHI, NEW DELHI,
DELHI - 110008, INDIA |
A93193951 |
|
53 |
10239456 |
20/08/2010 |
6,161,684.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A94503513 |
|
54 |
10229646 |
30/06/2010 |
9,597,600.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A89748917 |
|
55 |
10233542 |
29/06/2010 |
2,000,000,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE BRANCH, 1ST FLOOR,
SAROJINI HOU |
A91583898 |
|
56 |
10227782 |
31/05/2010 |
7,062,711.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A89073589 |
|
57 |
10219424 |
23/04/2010 |
54,590,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A85313500 |
|
58 |
10216233 |
21/12/2013 * |
54,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD,
NEW DELHI, DELHI - 110001, INDIA |
B95811303 |
|
59 |
10207748 |
09/03/2010 |
25,394,338.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST
BENGAL - 700016, INDIA |
A81234999 |
|
60 |
10204593 |
24/02/2010 |
30,850,778.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002, INDIA |
A79551628 |
|
61 |
10207749 |
05/02/2010 |
21,573,000.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST
BENGAL - 700016, INDIA |
A81235749 |
|
62 |
10200786 |
07/01/2010 |
44,989,670.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST
BENGAL - 700016, INDIA |
A78679552 |
|
63 |
10201926 |
31/12/2009 |
816,300,000.00 |
ANDHRA BANK |
M/35, CONNAUGHT CIRCUS, NEW DELHI, DELHI -
110001, INDIA |
A78999422 |
|
64 |
10196630 |
23/12/2009 |
495,600,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A76914449 |
|
65 |
10197362 |
22/12/2009 |
5,099,404.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI -
110019, INDIA |
A77312072 |
|
66 |
10190314 |
18/12/2009 |
5,237,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A75080283 |
|
67 |
10189752 |
08/12/2009 |
3,505,130.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002,
INDIA |
A74620394 |
|
68 |
10190312 |
08/12/2009 |
25,983,578.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST
BENGAL - 700016, INDIA |
A75076646 |
|
69 |
10191576 |
08/12/2009 |
58,662,312.00 |
MAGMA FINCORP LIMITED |
MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST
BENGAL - 700016, INDIA |
A75624890 |
|
70 |
10191995 |
30/11/2009 |
25,662,968.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
WEST BENGAL - 700046, INDIA |
A75740399 |
|
71 |
10188925 |
04/12/2009 * |
200,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE PARADE,
COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A75637090 |
|
72 |
10188928 |
04/12/2009 * |
390,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A75637082 |
|
73 |
10188918 |
04/12/2009 * |
1,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A75637066 |
|
74 |
10183522 |
02/11/2009 |
7,180,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA- 400001, INDIA |
A72485253 |
|
75 |
10183660 |
12/10/2009 |
27,102,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002,
INDIA |
A72367634 |
|
76 |
10179209 |
12/10/2009 |
31,800,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002,
INDIA |
A70956289 |
|
77 |
10178013 |
05/10/2009 |
5,100,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002, INDIA |
A70632682 |
|
78 |
10183721 |
17/09/2009 |
4,184,900.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI -
110019, INDIA |
A72537905 |
|
79 |
10183727 |
17/09/2009 |
4,184,900.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI -
110019, INDIA |
A72541634 |
|
80 |
10183728 |
17/09/2009 |
4,184,900.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI -
110019, INDIA |
A72541980 |
|
81 |
10183723 |
17/09/2009 |
5,524,823.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI -
110019, INDIA |
A72539455 |
|
82 |
10176735 |
15/09/2009 |
61,261,210.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
WEST BENGAL - 700046, INDIA |
A70312822 |
|
83 |
10181236 |
03/09/2009 |
13,331,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A71728935 |
|
84 |
10173967 |
19/08/2009 |
14,000,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002,
INDIA |
A69111938 |
|
85 |
10176010 |
29/07/2009 |
24,845,500.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI -
110019, INDIA |
A69991966 |
|
86 |
10169937 |
22/07/2009 |
25,200,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A67310433 |
|
87 |
10168472 |
15/07/2009 |
5,920,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A66729773 |
|
88 |
10168168 |
19/06/2009 |
1,500,000,000.00 |
CENTRAL BANK OF INDIA |
PARLIAMENT STREET, NEW DELHI, NEW DELHI,
DELHI - 110001, INDIA |
A66121609 |
|
89 |
10163241 |
04/11/2009 * |
400,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A72269921 |
|
90 |
10163242 |
04/11/2009 * |
750,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
MAKER TOWERS 'F', 13TH FLOOR, CUFFE
PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
A72262173 |
|
91 |
10157422 |
08/04/2009 |
24,342,300.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
WEST BENGAL - 700046, INDIA |
A61799938 |
|
92 |
10147510 |
28/02/2009 |
15,000,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A58386566 |
|
93 |
10147511 |
28/02/2009 |
21,434,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A58386657 |
|
94 |
10147509 |
28/02/2009 |
80,800,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A58386715 |
|
95 |
10139125 |
31/12/2008 |
2,800,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002, INDIA |
A55044127 |
|
96 |
10136407 |
22/12/2008 |
38,019,150.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A54138540 |
|
97 |
10124737 |
29/09/2008 |
2,600,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002,
INDIA |
A46998332 |
|
98 |
10126077 |
29/09/2008 |
29,900,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, TAMIL NADU - 600002, INDIA |
A48207575 |
|
99 |
10127731 |
17/09/2008 |
2,600,000.00 |
L AND T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI,
MAHARASHTRA - 400001, INDIA |
A49528615 |
|
100 |
10121929 |
21/08/2008 |
9,000,000.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU,
TAMILNADU, |
A45707965 |
* Date of charge modification
FINANCIAL
PERFORMANCE
The turnover of
the Company for the year ended 31st March, 2014 is Rs. 2,68,96.430 Million as against
Rs. 4,70,18.137 Million in the previous year. Loss before depreciation and
taxation was Rs. 37,53.312 Million and after providing Rs. 13,07.395 Million
towards depreciation, Extra-Ordinary Item on account of Foreign Currency
Translation Loss of Rs. 26,70.064 Million and deferred tax of Rs. (26,92.206)
Million towards tax, the net loss amounts to Rs. 50,38.565 Million.
BUSINESS
PERFORMANCE
Infrastructure
development in India has been going through a very difficult phase over the
last three years.
The Company
principally being an EPC Player was directly impacted due to stress in the
construction and infrastructure sector. Few of the Company’s Road projects also
got impacted considerably on account of delay in availability and environmental
clearance which resulted in heavy cost escalation. The Company is facing severe
pressure on its operational cash flow and liquidity attributable to several
external factors such as:
(a) Slowdown in
Infrastructure sector
(b) Considerable
blockage of funds in Working Capital
(c) Higher cost of borrowings etc.
Under these
circumstances, the Company had to approach the Corporate Debt Restructuring
(“CDR”) cell during 2013 for debt restructuring through CDR mechanism envisaged
under the guidelines issued by the Reserve Bank of India (the “RBI”). The CDR
Cell approved the debt restructuring of the Company vide letter dated March 29,
2014 (the “LOA”). The Company has also executed a Master Restructuring
Agreement (“MRA”) dated March 29, 2014 which was subsequently amended on May
19, 2014 with the CDR Lenders in furtherance to the CDR package of the Company,
besides various other related documents as envisaged under the MRA. The broad
terms of the Company’s CDR scheme includes inter alia:
- Restructuring the existing debt facilities including term loans,
non-convertible debentures (NCDs), External commercial borrowings (ECBs),
term loans from Non-CDR lenders, working capital term loan, funded
interest term loan and Fund Based and Non-Fund Based Working Capital
Limits in all aggregating to Rs. 87547.500 Million (Approximately) availed
by the Company, including revision of the interest rates, principal
payment schedule and grant of priority (fresh) term loan of Rs. 1200.500
Million;
- Creation of additional security for the facilities covered under
the MRA, personal guarantee of Shri H.S. Bharana, Chairman and Managing
Director and Pledge of entire promoter shareholding in favour of CDR
Lenders within the permissible time frame.
- The promoters are also required to contribute/ infuse funds into
the Company to the extent of 25% of the sacrifice being made by the
Lenders (amounting to Rs. 2233.100 Million) of which Rs. 1786.500 Million
is required to be brought within 120 days of implementation of the
restructuring scheme and the balance Rs. 446.600 Million to be brought in
within 1 year of approval of CDR Package. The Promoters are also required
to bring in their contribution towards priority loan amounting to Rs.
400.200 Million and additional promoter contributions to be made in financial
year 2016-17, 2017-18 & 2018-2019 for Rs. 2000.000 Million, Rs.
1500.000 Million and Rs. 1500.000 Million, respectively.
The Company is
expected to come out with the stressful circumstance, once the debts
obligations are completed restructured in line with the LOA and MRA (including
amendments thereto).
Despite of the
above said constrains, the Order Book of Company as at 31.03.2014 is maintained
at Rs. 15,7239.500 Million across sectors, to be implemented over a period of next
two to three years. All ongoing projects are monitored on a regular basis by
the senior management based at Noida offices. The company has aggressively
invested in an in-house ERP system, which encompasses different areas of
efficient construction management with greater efficiency, accuracy and
predictability.
The Company is
professionally managed with well-qualified and experienced personnel in all
areas including engineering, finance and administration combined with a
full-fledged Enterprise Resource Planning (ERP) and MIS system. As on 31st
March, 2014, the Company has on its roll approximately Two Thousand (2000)
employees.
A few of recent
Infrastructure projects (including Social Infra) secured by the company from
prestigious clients in Public/Private Sectors are as follows:
1. A project for
Construction of phase II hostel complex consisting of 376 bachelor and 144
married accommodation for trainees of Bhaba Atomic Research Centre (BARC)/Homi
Bhabha National Institute (HBNI) at Anushaktinagar, Mumbai from Department of
Atomic Energy.
2. Contract for
“Procurement of Trespassing Control measures including provision of Escalators”
at various stations at Mumbai from Mumbai Railway Vikas Corporation Limited
3. A Contract for
“SG and Offsite Civil Works Package for Nabinagar Super Thermal Power Project,
(3x660 MW) in Aurangabad district of Bihar by Nabinagar Power Generating
Company Private Limited (NPGC)- a joint venture of NTPC Limited and Bihar State
Electricity Board.
4. A Contract for
“Construction of elevated viaduct, 5 elevated Stations viz Kadavanthara,
Elamkulam, Vyttila, Thaikoodam and Petta (from Chainage 19329.685 m to
25119.278 m) including Architectural Finishing, Plumbing works of Stations on
Alwaye-Petta Line of Kochi Metro Rail Project” at Kochi, Kerala by Delhi Metro
Rail Corporation Limited, in joint venture with
Chengdu Ranken,
China.
5. A Contract from
NTPC Limited, for civil works of Main Plant and Offsite Civil Works Package for
lara Super thermal Power Project, Stage-I (2 x 800 MW) in Raigarh district of
Chhattisgarh.
Presently the company operates through two strategic divisions:
A)
EPC Division (National and International)
This division is
in a growth phase, the order book position has improved considerably over the
years and it has bagged orders from prestigious clients like NHAI, NTPC,
Airport Authority of India, Delhi Metro Rail Corporation Limited, Naya Raipur
Development Authority etc. The division’s business extends across major sectors
of infrastructural growth and it broadly encompasses Roads/ Highways, Power, T
and D, Metro, Aviation, Social Infra, Industrial Refinery.
B)
Equipment Management Division:
This Division was
set up to cater to the growing in-house and external demand for a wide range of
construction machinery and to make revenue by using the equipments in most
efficient manner and further to provide the strength to internal execution. The
division’s large Equipment Bank spans machinery for diverse uses and includes
Cranes/ Material Handling Equipment, Pilling Equipment, Aerial Platform and
Boom Lifts, Motor Graders etc. Today the company is a known name in the field
of Infrastructure projects contributing to the Infrastructure development of
modern India. The Company has transformed from a mere construction company to a
major player in the Roads, Bridges, Power sector building, to BOOT and BOT
projects. Successful completion of projects in hand is a habit of the company.
No major Labour disputes, no Strikes/Labour unrest is something which speaks
about the other good attributes of the company.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Paying for
infrastructure is a vexing issue in both developed countries and emerging
markets, and can be a tough political challenge. Yet the search for funding must
be a top priority for the public and private sectors alike if infrastructure
investment is to accelerate and economies are to continue to grow. The bank
ability of infrastructure projects enhanced by new revenue sources and
supported by enforceable contracts designed to match local institutional
capacity is what will accelerate their delivery”.
- World Economic
Forum Report: Accelerating Infrastructure Delivery
In the recent past
the policy focus in India has been on infrastructure investment as the growth
of the economy in general and the manufacturing sector in particular is largely
dependent on creation of suitable infrastructure. Such investment has increased
manifold over time with increased private-sector participation in the country.
The Twelfth Five Year Plan has also laid special emphasis on infrastructure
development as quality infrastructure is important not only for sustaining high
growth but also ensuring that the growth is inclusive. Large infrastructure
investment during the last decade or so has helped India emerge as one of the
fastest growing economies in the world. However, over the past few years, need
has been felt to kick-start stalled infrastructure projects by stepping up
infrastructure investment, improving the productivity and quality of
infrastructure spending, removing procedural bottlenecks, and improving
governance. In the current perspective, the real challenge is not only to
identify a core set of projects that are crucial for accelerating overall
economic growth but also to ensure channelization of investment for such viable
infrastructure projects and expedite their implementation by addressing issues
like delays in regulatory approvals, land acquisition and rehabilitation in
fast-track mode.
ECONOMIC AND INDUSTRY OVERVIEW
After achieving
unprecedented growth of over 9 per cent for three successive years between
2005-06 and 2007-08 and recovering swiftly from the global financial crisis of
2008-09, the Indian economy has been going through challenging times that
culminated in lower than 5 per cent growth of GDP at factor cost at constant
prices for two consecutive years, i.e. 2012-13 and 2013- 14. Sub-5 per cent GDP
growth for two years in succession was last witnessed a quarter of a century
ago in 1986-87 and 1987-88.
Persistent
uncertainty in the global outlook, caused by the crisis in the Euro area and
general slowdown in the global economy, compounded by domestic structural
constraints and inflationary pressures, resulted in a protracted slowdown. The
slowdown is broadly in sync with trends in other emerging economies, but
relatively deeper. India’s growth declined from an average of 8.3 per cent per
annum during 2004-05 to 2011-12 to an average of 4.6 per cent in 2012-13 and
2013-14. Average growth in the emerging markets and developing economies
including China declined from 6.8 per cent to 4.9 per cent in this period
(calendar-year basis).
Availability of
quality infrastructure is key for the growth of industry and services From the
infrastructure development perspective, while important issues like delays in
regulatory approvals, problems in land acquisition and rehabilitation, and
environmental clearances need immediate attention, time overruns in the
implementation of projects continue to be one of the main reasons for
underachievement in many of the infrastructure sectors. According to the
Ministry of Statistics and Programme Implementation (MOSPI) Flash Report for
February 2014, of 239 central-sector infrastructure projects costing Rs.
10000.000 Million and above, 99 are delayed with respect to the latest schedule
and 11 have reported additional delays with respect to the date of completion
reported in the previous month.
The total original
cost of implementation of these 239 projects was about Rs. 7,39,8820.000 Million
and their anticipated completion cost is likely to be Rs. 8,97,6840.000
Million, implying an overall cost overrun of Rs. 1,57,8020.000 Million (21.3
per cent of the original cost). The expenditure incurred on these projects till
February 2014 was Rs. 4,10,6840.000 Million, which is 45.7 per cent of the
total anticipated cost. Major sector-wise performance of core industries and
infrastructure services during 2013-14 shows a mixed trend. While the growth in
production of power and fertilizers was comparatively higher than in 2012-13,
coal, steel, cement, and refinery production posted comparatively lower growth.
Crude oil and natural gas production declined during 2013-14. Among
infrastructure services, growth in freight traffic by railways and cargo handled
by major ports and the civil aviation sector (except import cargo) has been
comparatively higher during 2013-14. In the road sector the National Highways
Authority of India (NHAI) posted negative growth of 33 per cent during 2013-14
as compared to the 26.5 per cent growth during 2012-13. However, now with
politically stable government at the Centre, it is widely believed that the
entire economy will turn around in the days to come.
SEGMENT WISE
PERFORMANCE
The Company
operates in major infrastructure segments. It regards Business Segments as
primary segments. The Business Segments are in line with AS-17. Segment Wise
Performance of the company is provided in detail under the head Notes to
Account forming part of Balance Sheet of the company.
CHALLENGES AND OUTLOOK
While large
infrastructure investment during the last decade or so has placed India in the
global league of fast growing economies, concerns have been raised over the
past few years about stalled infrastructure projects. The ongoing global
downturn and slowdown in India’s Economic growth poses a cause of concern for
all business entities operating in India. Industry specifically, the
contracting and construction markets in their country are competitive and
require substantial resources and capital investment in equipment, technology
and skilled personnel. They are increasingly moving towards larger projects
with stringent Pre-qualification requirements where intense competition is
expected to continue and may even increase as a result of the entry of foreign
construction companies into the Indian market. All this is likely to lead to
significant challenges to their maintaining historical growth rates and
acceptable profit and margins. Their contracts are awarded after a competitive
bidding processes and satisfaction of other prescribed pre-qualification
criteria.
The need for
infrastructure development for economic prosperity and global integration
cannot be overemphasized. Infrastructure sector has suffered from financing and
time lag in physical capacity creation and time over-runs. These not only delay
availability, but through cost overruns raise pricing and affordability issues.
Infrastructure costs, as these are often non-tradable may also affect the
competitiveness of economy in long run. The key to global competitiveness of
the Indian economy lies in building world class infrastructure and service
delivery at competitive rates. Lack of infrastructure not only results in
reduced economic output, it also translates into additional costs in terms of
time, effort, and money for accessing essential services such as health care
and education. Rapid economic growth in recent years has put enormous pressure
on existing infrastructure, particularly in transport, energy, and
communications. Unless it is significantly improved, infrastructure will
continue to be a bottleneck for growth and an obstacle to poverty reduction. In
other words, the challenge is to ensure strong, sustainable, and balanced
development through integration of economies with environmentally sustainable
development of infrastructure.
Stepping up
infrastructure investment, improving productivity and quality of infrastructure
spending, removing procedural bottlenecks, improving governance, and above all maintaining
consistency in government’s infrastructure policies are some issues that need
to be urgently addressed in this context. From a broader perspective, a high
level of investment in the infrastructure sector is essential for the overall
revival of investment climate which may finally lead to sustainable growth in
an economy. However, in the current macroeconomic environment, to achieve this
objective, there is need to address sector-specific issues over the medium to
long-term horizon in India.
FIXED ASSETS
- Land
- Plant and
Machinery
- Tractor /
Trucks
- Furniture and
Fixtures
- Computer
- Office
Equipments
- Electrical
Installations
- Vehicles
- Data Processing Machine
- Wing Turbine Generator
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2014
|
|
Particulars |
QTR. Ended |
QTR. Ended |
Nine
Month s Ended |
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
|
|
|||
|
Income from operation |
||||
|
|
(a)
Net Sales/ Income from operation (Net of Excise Duty) |
4,503.992 |
3,604.747 |
11,811.358 |
|
|
(b)
Other Operating Income |
0.000 |
0.000 |
0.000 |
|
|
Total Income |
4,503.992 |
3,604.747 |
11,811.358 |
|
|
|
|||
|
2 |
Expenses |
|||
|
|
Direct Expenses |
3,493.440 |
3,219.258 |
9,799.240 |
|
|
Employees Cost |
256.612 |
253.038 |
728.272 |
|
|
Depreciation |
501.861 |
501.361 |
1,499.388 |
|
|
Other Expenditure |
78.232 |
92.211 |
214.567 |
|
|
Total expenses |
4,330.145 |
4,065.868 |
12,241.467 |
|
|
|
|||
|
3 |
Profit from Operations before other Income
Interest & Exceptional Item(1-2) |
173.847 |
(461.121) |
(430.109) |
|
|
|
|||
|
4 |
Other Income |
16.974 |
15.464 |
63.145 |
|
|
|
|||
|
5 |
Profit before Interest & Exceptional
Item |
190.821 |
(445.657) |
(366.964) |
|
|
|
|||
|
6 |
Finance Costs |
1,587.870 |
1,552.384 |
4,692.495 |
|
|
|
|||
|
7 |
Profit after Interest but before
Exceptional Item (4-5) |
(1,397.049) |
(1,998.041) |
(5,059.459) |
|
|
|
|||
|
8 |
Exceptional Items |
57.866 |
91.355 |
155.849 |
|
|
|
|||
|
9 |
Profit from
ordinary activities before Tax (6-7) |
(1,454.915) |
(2,089.396) |
(5,215.308) |
|
|
|
|||
|
10 |
Tax Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|||
|
11 |
Net Profit from ordinary activities after
Tax (8-9) |
(1,454.915) |
(2,089.396) |
(5,215.308) |
|
|
|
|||
|
12 |
Extraordinary Items (Net of Tax Expense
Rs.________) |
- |
- |
- |
|
|
|
|||
|
13 |
Net Profit for the
period (10-11) |
(1454.915) |
(2089.396) |
(5215.308 |
|
|
|
|||
|
14 |
Share of Loss of Minority Interest |
- |
- |
- |
|
|
|
|||
|
15 |
Share of Loss of Attributable to cost of
control |
- |
- |
- |
|
|
|
|||
|
16 |
Net Profit after
tax, minority interest & attributable
to cost of control ( 12+13+14) |
(1,454.915) |
(2,089.396) |
(5,215.308) |
|
|
|
|||
|
17 |
Paid Up Equity Share Capital (Face Value
of Rs.10 Per Share) |
363.655 |
363.655 |
363.655 |
|
|
|
|||
|
17 |
Reserves excluding Revaluation Reserves as
per Balance Sheet of Previous Accounting Year |
- |
- |
- |
|
|
|
|||
|
18 |
Earning per Share (EPS) |
|||
|
|
|
|||
|
|
a) Basic and diluted EPS before extraordinary
items for the period, for the year to date & for the previous year
(not annualized) |
(8.00) |
(11.49) |
(22.68) |
|
|
|
|||
|
A |
Particulars of shareholding |
|||
|
1 |
Public Shareholding |
|||
|
|
Number of Shares |
110,397,014 |
84,479,614 |
110,397,014 |
|
|
% of Share holding |
60.72% |
46.46% |
60.72% |
|
|
|
|||
|
2 |
Promoters and promoter group. |
|||
|
|
Shareholding |
|||
|
|
a) Pledged/Encumbered |
|||
|
|
-
Number of shares |
71,430,626 |
96,627,084 |
71,430,626 |
|
|
-
Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
100.00% |
99.26% |
100.00% |
|
|
-
Percentage of shares (as a % of the total share capital of the company) |
|||
|
|
b) Non-encumbered |
|||
|
|
-
Number of shares |
- |
720,942 |
- |
|
|
-
Percentage of shares (as a % of the total shareholding of promoter and
promoter group) |
- |
0.74% |
- |
|
|
-
Percentage of shares (as a % of the total share capital of the
company) |
- |
0.40% |
- |
|
Particulars
|
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed of during the quarter |
Nil |
|
Remaining unresolved at the end of the quarter |
Nil |
UNAUDITED SEGMENT
WISE RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2014
(Rs. In Million)
|
|
Particulars |
QTR. Ended |
QTR. Ended |
Nine
Month s Ended |
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
1. |
Segment
Revenue |
|||
|
|
Contacts |
4317.030 |
3426.924 |
11293.587 |
|
|
Energy |
8.362 |
25.667 |
53.422 |
|
|
Equipment Hiring |
181.118 |
185.351 |
558.287 |
|
|
Trading |
156.276 |
129.642 |
392.972 |
|
|
Gross
Sales |
4662.786 |
3767.584 |
12298.268 |
|
|
Less:
Inter Segment |
158.794 |
162.837 |
486.911 |
|
|
Net
Sales |
4503.992 |
3604.747 |
11811.357 |
|
|
|
|
|
|
|
2. |
Segment
Results Profit Before Tax and Interest |
|
|
|
|
|
Contacts |
131.528 |
(247.568) |
(386.654) |
|
|
Energy |
(2.111) |
12.284 |
22.635 |
|
|
Equipment Hiring |
9.403 |
(292.664) |
(190.959) |
|
|
Trading |
(2.953) |
2.748 |
2.065 |
|
|
Total |
135.866 |
(525.200) |
(552.913) |
|
|
Less: Interest |
1549.930 |
1488.305 |
4569.732 |
|
|
Other Un-allocable Expenditure Net Off |
57.866 |
91.355 |
155.849 |
|
|
Un-allocable Income |
(17.015) |
(15.464) |
(63.186) |
|
|
Profit
Before Tax |
(1454.915) |
(2089.396) |
(5215.309) |
|
|
|
|
|
|
|
3. |
Capital
Employed |
|
|
|
|
|
Contacts |
53028.111 |
54070.463 |
53028.111 |
|
|
Energy |
460.316 |
476.053 |
460.316 |
|
|
Equipment Hiring |
9646.908 |
9646.908 |
9646.908 |
|
|
Trading |
31.700 |
50.801 |
31.700 |
|
|
Others (Un-allocable) |
11608.411 |
10915.917 |
11608.411 |
|
|
Total |
74775.446 |
75160.142 |
74775.446 |
NOTES
1. The above unaudited results were reviewed by the Audit Committee and
approved by the Board of Directors at its meeting held on 14th February, 2015.
The Statutory Auditors have carried out Limited Review of the financial results
for the Quarter ended 31th December, 2014.
2. (a) The segment reporting is in accordance with the Accounting Standard 17.
b) The Primary Business segments of the company mainly comprise of Contracts,
Energy, Equipment Hiring and Trading.
3. Exceptional items represent loss /(profit) towards currency
difference arising on ECBs and Others.
4. The Company has issued 17972616 Zero Coupon Convertible
Debentures to promoters and associates on 07th January 2015.
5. In view of Net Losses, deferred tax assets provision has not been made.
6. The figures for the previous period have been regrouped/rearranged wherever
necessary to make them comparable
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.