IRA INFORM REPORT
|
Report No. : |
319957 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
STATE BANK OF PATIALA |
|
|
|
|
|
|
Registered
Office cum Head Office : |
The Mall Road, Patiala - 147001, Punjab |
|
|
Tel. No.: |
91-175-2395629 |
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|
|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2014 |
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|
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Year of
Establishment : |
1917 |
|
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|
Capital
Investment / Paid-up Capital : |
Rs. 3678.500 Million |
|
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|
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|
CIN No.: [Company Identification
No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
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|
Legal Form : |
Public sector
have owned by Government of India |
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Line of Business
: |
Banking
activities. |
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|
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|
No. of Employees
: |
Not Available |
|
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 175000000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a
well-established State Bank of India group a government of India, commercial
bank. Available information indicates high financial responsibility of the
bank. Their trade relations are fair. Payments are correct and as per
commitments. The Bank can be
regarded as a promising business partner is a medium to long-run. |
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 |
Tier II Bonds : “ AAA” |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
12.01.2015 |
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 : |
The Mall Road, Patiala - 147001, Punjab, India |
|
Tel. No.: |
91-175-2395629 / 2215193 / 2219252 |
|
Fax No.: |
Not Available |
|
Email : |
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|
Website : |
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Branches : |
Located At: Punjab, Haryana, Himachal Pradesh, Chandigarh, Rajasthan, J and K, New Delhi, Andhra Pradesh, Bihar, Gujarat, Karnataka, Maharashtra, Tamil Nadu, West Bengal, Uttar Pradesh, Madhya Pradesh, Goa and Uttaranchal |
DIRECTORS
As on 31.03.2014
|
Name : |
Smt. Arundhati Bhattacharya |
|
Designation : |
Chairman |
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|
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|
Name : |
Mr. S. A. Ramesh Rangan |
|
Designation : |
Managing Director |
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|
Name : |
Mr. V.G. Kannan |
|
Designation : |
Managing Director & Group Executive |
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Name : |
Mr. B. Ramesh Babu, |
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Designation : |
Chief General Manager |
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Name : |
Mr. J. L. Negi |
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Designation : |
Chief General Manager |
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Name : |
Mr. Vijay Malhotra |
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Designation : |
Under Secretary |
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Name : |
Mr. Ramesh Chandra Srivastava |
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Designation : |
General Manager |
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Name : |
Mr. A.K. Saihjpal |
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Designation : |
Director |
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|
Name : |
Mr. Baldev Garg |
|
Designation : |
Director |
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|
Name : |
Dr. Gurpreet Singh Lehal |
|
Designation : |
Director |
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|
Name : |
Mr. Naresh Gaur |
|
Designation : |
Workmen Director |
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Name : |
Mr. Ranjit Kumar |
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Designation : |
Non-Workmen Director |
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Name : |
Kiran R. Singh |
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Designation : |
Dy. General Manager (Finance & Accounts) |
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|
Name : |
Pukhraj Kanther |
|
Designation : |
Chief General Manager (CB) |
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|
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|
Name : |
S. Vijay Kumar |
|
Designation : |
Chief General Manager(RB) |
KEY EXECUTIVES
|
Name : |
Mr. Kalyan Mukherjee |
|
Designation : |
Chief General Manager (Retail Banking) |
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|
|
|
Name : |
Mr. Haridas K. V. |
|
Designation : |
Chief General Manager (Commercial Banking) |
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|
Name : |
Mr. Prem Kumar Chophla |
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Designation : |
Chief General Manager (Chief Vigilance Officer) |
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Name : |
Mr. M. V. Krishna |
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Designation : |
General Manager (Retail Network, Delhi) |
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Name : |
Mr. D.V. Suresh Kumar |
|
Designation : |
General Manager (Retail Network, Chandigarh) |
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|
Name : |
Mr. K. Deena Ratnakar |
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Designation : |
General Manager (Sam - Cb, Cdr & Bifr Cases) |
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|
Name : |
Mr. Anil Kumar Sinha |
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Designation : |
General Manager (Inspection & Audit) |
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|
Name : |
Mr. G. Venkatanarayanan |
|
Designation : |
General Manager (Info. Technology & Financial Inclusion) |
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Name : |
Mr. Purushottam Behera |
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Designation : |
General Manager (Commercial Banking, Mumbai) |
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Name : |
Mr. P. M. Ganapati |
|
Designation : |
General Manager (Hr & General Admin.) |
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|
Name : |
Mr. Sushil Kumar Bhandari |
|
Designation : |
General Manager (Retail Network, Patiala) |
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|
Name : |
Mr. Shyam Kishore Agrawal |
|
Designation : |
General Manager (Treasury) & Cfo |
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|
Name : |
Mr. Jagir Singh Jandu |
|
Designation : |
General Manager (Plg., Priority Sector & New Business) |
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|
Name : |
Mr. Ajay Kumar Khanna |
|
Designation : |
General Manager (Sam - Retail Banking) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
Banking
activities. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Patel Mohan Ramesh and Company Chartered Accountants |
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|
Name : |
Rawla and Company Chartered Accountants |
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|
Name : |
Abhijit Dutt and Associates Chartered Accountants |
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|
Name : |
Sreedhar Suresh and Rajagopalan Chartered Accountants |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates: |
Malwa Gramin Bank |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,00,00,000 |
Equity Shares |
Rs.100/- each |
Rs.5000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,67,85,000 |
Equity Shares |
Rs.100/- each |
Rs.3678.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
CAPITAL AND
LIABILITIES |
|
|
|
|
|
|
|
|
|
Capital |
3678.500 |
2947.500 |
2947.500 |
|
Reserves and surplus |
57635.582 |
50471.941 |
44862.014 |
|
Deposits |
896731.563 |
886720.838 |
794166.012 |
|
Borrowings |
123862.347 |
88406.010 |
108099.218 |
|
Other liabilities and
provisions |
59299.347 |
56959.979 |
35195.982 |
|
|
|
|
|
|
TOTAL |
1141207.339 |
1085506.268 |
985270.726 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and balances with Reserve Bank of
India |
81457.707 |
40072.469 |
71348.076 |
|
Balances with banks and money at call and
short notice |
2039.731 |
597.303 |
3782.079 |
|
Investments |
245811.100 |
239566.611 |
220429.383 |
|
Advances |
759365.586 |
737997.914 |
629344.918 |
|
Fixed assets |
4106.688 |
3414.523 |
3177.142 |
|
Other assets |
48426.527 |
63857.448 |
57189.128 |
|
|
|
|
|
|
TOTAL |
1141207.339 |
1085506.268 |
985270.726 |
|
|
|
|
|
|
Contingent liabilities |
305876.633 |
390886.484 |
197152.121 |
|
Bills for collection |
40394.429 |
60482.078 |
32952.639 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
3103.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Interest earned |
101566.084 |
95642.626 |
81210.997 |
|
|
|
Other Income |
8712.852 |
7588.247 |
7510.316 |
|
|
|
TOTAL |
110278.936 |
103230.873 |
88721.313 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Interest expended |
75604.861 |
71134.267 |
57858.652 |
|
|
|
Operating expenses |
20190.969 |
16678.512 |
13233.641 |
|
|
|
Provisions and contingencies |
10007.066 |
8750.543 |
9664.555 |
|
|
|
TOTAL |
105802.896 |
96563.322 |
80756.848 |
|
|
|
|
|
|
|
|
|
PROFIT |
|
|
|
|
|
|
|
Net profit for the year |
4476.040 |
6667.551 |
7964.465 |
|
|
|
Balance in Profit and Loss account brought forward |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
4476.040 |
6667.551 |
7964.465 |
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Statutory Reserve |
1119.010 |
1666.888 |
1991.116 |
|
|
|
Transfer to Other Reserves |
2245.807 |
2591.971 |
4446.720 |
|
|
|
Transfer to Capital Reserves |
219.996 |
58.702 |
0.000 |
|
|
|
Interim Dividend Paid(including Tax thereon) |
11.700 |
1057.625 |
1057.625 |
|
|
|
Proposed Dividend (including Tax thereon) |
0.000 |
0.000 |
0.000 |
|
|
|
Transfer to/from Investment Reserve Account |
(150.473) |
192.365 |
(50.996) |
|
|
|
Transfer to Special Reserve under Sec.36(1)(viii) of Income Tax |
1030.000 |
1100.000 |
470.000 |
|
|
|
Transfer to SBOP Retired Employees Medical Fund |
0.000 |
0.000 |
50.000 |
|
|
|
TOTAL
|
4476.040 |
6667.551 |
7964.465 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
151.55 |
226.21 |
270.21 |
|
|
|
Diluted |
151.55 |
226.21 |
270.21 |
|
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 |
2947.500 |
2947.500 |
3678.500 |
|
Reserves & Surplus |
44862.014 |
50471.941 |
57635.582 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
47809.514 |
53419.441 |
61314.082 |
|
|
|
|
|
|
Borrowing |
108099.218 |
88406.010 |
123862.347 |
|
Total borrowings |
108099.218 |
88406.010 |
123862.347 |
|
Debt/Equity ratio |
2.261 |
1.655 |
2.020 |
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) |
|
Interest earned |
81210.997 |
95642.626 |
101566.084 |
|
|
|
17.771 |
6.193 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Interest
earned |
81210.997 |
95642.626 |
101566.084 |
|
Net Profit for the year |
7964.465 |
6667.551 |
4476.040 |
|
|
9.81% |
6.97% |
4.41% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
No |
LITIGATION:
|
HIGH COURT OF PUNJAB AND HARYANA
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2014 (Rs. In Million) |
31.03.2013 (Rs. In Million) |
|
Claims against the Bank not acknowledged as debts |
162.388 |
234.903 |
|
Liability for partly paid investments |
0.000 |
0.000 |
|
Liability on account of outstanding forward exchange |
164207.856 |
254992.770 |
|
Guarantees given on behalf of Constituents |
|
|
|
- In India |
68195.161 |
62746.252 |
|
- Outside India |
24199.241 |
16734.438 |
|
Acceptances, endorsements and other obligations |
47738.488 |
54470.322 |
|
Other items for which the bank is contingently liable |
1373.499 |
1707.799 |
|
Total |
305876.633 |
390886.484 |
REVIEWED FINANCIAL
RESULTS FOR NINE MONTHS ENDED 31.12.2014
(Rs. In Million)
|
PARTICULARS |
Quarter Ended |
Nine
Months Ended |
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
Reviewed |
Reviewed |
Reviewed |
|
|
Interest Earned/Net Income
from sales/services |
25639.000 |
26179.600 |
77958.700 |
|
|
|
|
|
|
Interest / discount on
Advances / bills |
20480.100 |
20873.700 |
61837.700 |
|
Income on Investments |
4612.600 |
4748.100 |
13983.200 |
|
Interest on Balances with RBI
& other inter bank funds |
534.000 |
425.000 |
1606.000 |
|
Others |
12.300 |
132.800 |
531.800 |
|
Other Income |
1919.700 |
1659.600
|
6125.900 |
|
Total Income |
27558.700 |
27839.200 |
84084.600 |
|
Interest Expended |
19508.700 |
19658.700 |
58546.400 |
|
Operating Expenses |
5081.300 |
5121.000 |
15123.700 |
|
Employee Cost |
3285.700 |
3279.700 |
9745.700 |
|
Other operating expenses |
1795.600 |
1841.300 |
5378.000 |
|
Total Expenditure for Banks |
24590.000 |
24779.700 |
73670.100 |
|
Operating Profit Before
Provisions and Contingencies |
2968.700 |
3059.500 |
10414.500 |
|
Provisions (other than tax)
and Contingencies |
2575.800 |
1858.200 |
6741.300 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
Profit (+)/ Loss (-) from
Ordinary Activities before Tax |
392.900 |
1201.300 |
3673.200 |
|
Tax |
205.00 |
387.000 |
1315.000 |
|
Net Profit (+)/ Loss (-) from
Ordinary Activities after Tax |
187.900 |
814.300 |
2358.200 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Net Profit |
187.900 |
814.300 |
2358.200 |
|
Paid up Equity Capital Face Value
(in Rs.100 each) |
3678.500 |
3678.500 |
3678.500 |
|
Reserves |
57635.600 |
57635.600 |
57635.600 |
|
Percentage of Share held by
Govt |
Nil |
Nil |
Nil |
|
Capital Adequacy Ratio |
|
|
|
|
Capital Adequacy Ratio (%) |
10.24 |
10.08 |
10.24 |
|
EPS before
Extraordinary items (in Rs) |
|
|
|
|
Basic EPS before Extraordinary
items |
5.00 |
22.00 |
64.00 |
|
Diluted EPS before
Extraordinary items |
5.00 |
22.00 |
64.00 |
|
EPS
after Extraordinary items (in Rs) |
|
|
|
|
Basic EPS after Extraordinary items |
5.00 |
22.00 |
64.00 |
|
Diluted EPS after
Extraordinary items |
5.00 |
22.00 |
64.00 |
|
Gross/Net NPA |
|
|
|
|
Amount of Gross NPA |
54687.900 |
45068.00 |
54687.900 |
|
Amount of Net NPA |
40700.900 |
30946.100 |
40700.900 |
|
Percentage of Gross/Net NPA |
|
|
|
|
% of Gross NPAs |
6.95 |
5.83 |
6.95 |
|
% of Net NPAs |
5.31 |
4.11 |
5.31 |
|
Return on Assets |
0.07 |
0.30 |
0.28 |
SEGMENT
INFORMATION
|
S. n. |
Particulars |
Quarter
Ended |
Nine
Months Ended |
|
|
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
|
Reviewed |
Reviewed |
Reviewed |
|
1 |
Segment Revenue |
|
|
|
|
a) |
Treasury |
5581.200 |
5476.700 |
17058.300 |
|
b) |
Corporate
/ Wholesale Banking |
10814.700 |
12554.900 |
36789.700 |
|
c) |
Retail
Banking |
11162.800 |
9807.600 |
29939.800 |
|
d) |
Other
|
0.000 |
0.000 |
296.800 |
|
e) |
Unallocated |
0.000 |
0.000 |
0.000 |
|
|
Total |
27558.800 |
27839.200 |
84084.600 |
|
|
Less: Inter Segment Revenue |
0.000 |
0.000 |
0.000 |
|
|
Income from Operations |
27558.800 |
27839.200 |
84084.600 |
|
2 |
Segment Results |
|
|
|
|
a) |
Treasury |
0.400 |
242.200 |
585.300 |
|
b) |
Corporate
/ Wholesale Banking |
237.100 |
854.100 |
2305.400 |
|
c) |
Retail
Banking |
723.500 |
673.100 |
2190.100 |
|
|
Total |
961.000 |
1769.400 |
5080.800 |
|
|
Less
: Unallocated Expenses (Unallocaled Income) |
568.100 |
568.100 |
1407.600 |
|
|
Total Profit Before
Tax |
292.900 |
1201.300 |
3673.200 |
|
|
Add:
MAT Credit Entitlement |
0.000 |
0.000 |
0.000 |
|
|
Less:
Income Tax |
205.000 |
387.000 |
1315.000 |
|
|
Extra
Ordinary Profit / Loss |
0.000 |
0.000 |
0.000 |
|
|
Net Profit |
187.900 |
814.300 |
2358.200 |
|
|
|
|
|
|
|
|
Segment Assets |
|
|
|
|
a) |
Treasury |
327287.400 |
332963.500 |
327287.400 |
|
b) |
Corporate
/ Wholesale Banking |
451435.900 |
443765.600 |
451435.900 |
|
c) |
Retail
Banking |
334838.000 |
329081.800 |
334838.00 |
|
d) |
Unallocated
Assets |
27762.900 |
21976.700 |
27762.900 |
|
|
Total |
1141324.200 |
1127787.600 |
1141324.200 |
|
|
|
|
|
|
|
|
Segment Liabilities |
|
|
|
|
a) |
Treasury |
16168.200 |
9655.300 |
16168.200 |
|
b) |
Corporate
/ Wholesale Banking |
588438.100 |
586247.300 |
588438.100 |
|
c) |
Retail
Banking |
431854.200 |
430658.700 |
431854.200 |
|
d) |
Unallocated
Assets |
41191.400 |
37742.000 |
41191.400 |
|
|
Total |
1077651.900 |
1064303.300 |
1077651.900 |
|
|
|
|
|
|
|
|
Capital Employed
(Segment Assets - Segment Liabilities) |
|
|
|
|
a) |
Treasury |
311119.200 |
323308.200 |
311119.200 |
|
b) |
Corporate
/ Wholesale Banking |
(137002.200) |
(142481.700) |
(137002.200) |
|
c) |
Retail
Banking |
(97016.200) |
(101576.900) |
(97016.200) |
|
d) |
Unallocated
Capital |
(13428.500) |
(15765.300) |
(13428.500) |
|
|
|
|
|
|
|
|
Total |
63672.300 |
63484.300 |
63672.300 |
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.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
72 |
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.