MIRA INFORM REPORT
|
Report No. : |
319468 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MALCO ENERGY LIMITED (w.e.f.24.10.2013) |
|
|
|
|
Formerly Known
As : |
VEDANTA ALUMINIUM LIMITED (w.e.f.25.08.2007) VEDANTA ALUMINIA LIMITED STRRLITE TRANSMISSION LIMITED |
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|
Registered
Office : |
SIPCOT Industrial Complex, Madurai Bypass Road, T.V. Puram P.O.
T.V. Puram
P.O. Tuticorin-
628002,
Tamil Nadu |
|
Tel. No.: |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.01.2001 |
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Com. Reg. No.: |
18-069645 |
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Capital
Investment / Paid-up Capital : |
Rs. 2709.300 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U31300TN2001PLC069645 |
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IEC 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.] |
AAHCS6896A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company engaged primarily in the production of aluminium. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 90000000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “SESA STERLITE LIMITED”. It is a
well-established company having fine track record. For the financial year ended 2014, the company has reported adequate
operational performance and it has achieved decent profitability from its
operational activities. Further rating takes into consideration company’s strong financial
risk profile, marked by zero debt and financial support that company receives
from its parent company. Promoters are reported to be experience and resourceful businessman. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of strong parent company support backed by extensive industry
experience of promoters, the company can be considered good for normal
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CRISIL |
|
Rating |
Long term rating AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
27.03.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
27.03.2014 |
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 : |
SIPCOT Industrial Complex, Madurai Bypass Road, T.V. Puram P.O.
T.V. Puram
P.O. Tuticorin-
628002,
Tamil Nadu |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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Plant : |
Mettur Dam, Salem -636 402, Tamilnadu, India |
DIRECTORS
As on 26.06.2014
|
Name : |
Mr. Dindayal Jalan |
|
Designation : |
Director |
|
Address : |
Ashoka Towers, Apartment No. 807, Tower D, 63/74, Dr. S. S. Rao Marg, Parel, Mumbai-400012, Maharashtra, INDIA |
|
Date of Birth/Age : |
29.09.1956 |
|
Date of Appointment : |
25.09.2013 |
|
DIN No.: |
00006882 |
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|
|
|
Name : |
Mr. Arun Lalchand Todarwal |
|
Designation : |
Director |
|
Address : |
81, Shivner, 84, Nepean Sea Road,, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
|
|
Date of Appointment : |
30/03/2015 |
|
DIN No.: |
00020916 |
|
|
|
|
Name : |
Mr. Allam Pallam Ramakrishnan Narayanaswamy |
|
Designation : |
Director |
|
Address : |
A-12, Archana Chs, Juhu Versova Link Road,, Andheri (West), Mumbai- 400053, Maharashtra, India |
|
Date of Birth/Age : |
|
|
Date of Appointment : |
30/03/2015 |
|
DIN No.: |
00818169 |
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|
|
|
Name : |
Mr. Ponnuswamy Ramnath |
|
Designation : |
Director |
|
Address : |
Sterlite Industries (India) Limited, Sipcot Industrial Complex, Madurai By Pass Road, Thoothukudi-628002, Tamil Nadu, India |
|
Date of Birth/Age : |
15.09.1958 |
|
Date of Appointment : |
25.09.2013 |
|
DIN No.: |
03625336 |
|
|
|
|
Name : |
Mr. Chakrapani Murugeswaran |
|
Designation : |
Director |
|
Address : |
No.10, Senior Officers Quarters, Malco Colony, Mettur Dam R.S, Salem-636402, Tamil Nadu, India |
|
Date of Birth/Age : |
25.05.1969 |
|
Date of Appointment : |
25.09.2013 |
|
DIN No.: |
05195128 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Kumar Agrawal |
|
Designation : |
Secretary |
|
Address : |
Swagat Jyoti, Block-B, Flat No.3B, DB-47, Shstribagan, Dehnbandhu
Nagar, Baguiati, Kolkata-700059, west Bengal, India |
|
Date of Birth/Age : |
30.09.1970 |
|
Date of Appointment : |
28.07.2013 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sesa Sterline Limited |
|
854656244 |
|
Mr. P Ramesh (Nominee of Sesa Sterlited Limited) |
|
1 |
|
Mr. Chakrapani Murugeswaran |
|
1 |
|
Mr. Sharad Gargiya (Nominee of Sesa Sterlited Limited) |
|
1 |
|
Mr. Kamal Jain (Nominee of Sesa Sterlited Limited) |
|
1 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company engaged primarily in the production of aluminium. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
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 : |
State Bank of India, State Bank Bhavan, Madame Cama Road, Nariman Point, Mumbai - 400021, Maharashtra, India HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
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|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
INDIA BULLS FINANCE CENTRE, 32nd Floor, Tower-3, Senapati Bapat Marg, Elphinstone (W), India |
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PAN No.: |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Sesa Sterlite Limited Sterlite Industries (India) Limited Vedanta Resources Holding Limited Volcan Investments Limited Twin Star Holdings Limited |
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Other related
parties (with whom there are transactions during
the year) Fellow Subsidiaries
: |
Hindustan Zinc Limited Bharat Aluminium Company Limited Talwandi Sabo Power Limited |
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|
|
|
Ultimate Holding
Company : |
Vedanta Resources Plc |
CAPITAL STRUCTURE
As on 26.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
880,000,000 |
Equity Shares |
Rs.2/- each |
Rs.1760.000 Million |
|
1,250,000 |
Preference Shares |
Rs.1000/- each |
Rs.1250.000 Million |
|
|
Total |
|
Rs.3010.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
854,656,250 |
Equity Shares |
Rs.2/- each |
Rs.1709.312
Million |
|
1,000,000 |
Preference Shares |
Rs.1000/- each |
Rs.1000.000
Million |
|
|
|
|
Rs.2709.312 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 |
2709.300 |
2709.300 |
2709.300 |
|
(b) Reserves & Surplus |
28735.200 |
(14345.600) |
5121.100 |
|
(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) |
31444.500 |
(11636.300) |
7830.400 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
172735.100 |
172226.200 |
|
(b) Deferred tax liabilities
(Net) |
465.700 |
3578.000 |
3613.600 |
|
(c) Other long term
liabilities |
0.000 |
2667.200 |
54.500 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
465.700 |
178980.300 |
175894.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
104266.100 |
76611.500 |
|
(b) Trade payables |
287.800 |
2094.800 |
2871.200 |
|
(c) Other current liabilities |
27.500 |
44489.600 |
57918.400 |
|
(d) Short-term provisions |
0.000 |
182.000 |
181.000 |
|
Total
Current Liabilities (4) |
315.300 |
151032.500 |
137582.100 |
|
|
|
|
|
|
TOTAL |
32225.500 |
318376.500 |
321306.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1180.700 |
123936.700 |
126944.100 |
|
(ii) Intangible Assets |
0.000 |
102.400 |
38.300 |
|
(iii) Capital work-in-progress |
0.900 |
167246.300 |
152379.300 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
2007.000 |
2007.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
167.100 |
4883.500 |
6610.700 |
|
(e) Other Non-current assets |
28929.400 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
30278.100 |
298175.900 |
287979.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
338.600 |
0.000 |
1888.200 |
|
(b) Inventories |
388.900 |
11118.300 |
12964.100 |
|
(c) Trade receivables |
1105.600 |
1761.300 |
2953.500 |
|
(d) Cash and cash equivalents |
31.200 |
82.400 |
2437.000 |
|
(e) Short-term loans and
advances |
63.500 |
6592.600 |
12880.200 |
|
(f) Other current assets |
19.600 |
646.000 |
204.400 |
|
Total
Current Assets |
1947.400 |
20200.600 |
33327.400 |
|
|
|
|
|
|
TOTAL |
32225.500 |
318376.500 |
321306.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5167.000 |
483.300 |
827.400 |
|
|
Other Income |
13.800 |
368.300 |
68.400 |
|
|
TOTAL
(A) |
5180.800 |
851.600 |
895.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
408.100 |
671.400 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits expense |
110.100 |
14.300 |
23.500 |
|
|
Other expenses |
3619.800 |
68.000 |
567.200 |
|
|
TOTAL
(B) |
3729.900 |
490.400 |
1262.100 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1450.900 |
361.200 |
(366.300) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.200 |
974.700 |
1103.100 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1449.700 |
(613.500) |
(1469.400) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
133.500 |
58.300 |
94.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1316.200 |
(671.800) |
(1563.700) |
|
|
|
|
|
|
|
Less |
TAX
(H) |
329.200 |
21693.900 |
24615.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
987.000 |
(22365.700) |
(26178.800) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
19.10 |
(4627.71) |
(3163.98) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
28.08 |
74.74 |
(44.27) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.08 |
(0.45) |
(0.94) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.06 |
(0.20) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
(23.80) |
31.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.18 |
0.13 |
0.24 |
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 |
2709.300 |
2709.300 |
2709.300 |
|
Reserves & Surplus |
5121.100 |
(14345.600) |
28735.200 |
|
Net
worth |
7830.400 |
(11636.300) |
31444.500 |
|
|
|
|
|
|
long-term borrowings |
172226.200 |
172735.100 |
0.000 |
|
Short term borrowings |
76611.500 |
104266.100 |
0.000 |
|
Total
borrowings |
248837.700 |
277001.200 |
0.000 |
|
Debt/Equity
ratio |
31.778 |
(23.805) |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
827.400 |
483.300 |
5167.000 |
|
|
|
(41.588) |
969.108 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
827.400 |
483.300 |
5167.000 |
|
Profit |
(26178.800) |
(22365.700) |
987.000 |
|
|
(3163.98%) |
(4627.71%) |
19.10% |
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 |
---------------------- |
|
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 |
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Term loans from others |
0.000 |
1356.000 |
|
Loans and advances from others |
0.000 |
11338.00 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Commercial paper |
0.000 |
16500.000 |
|
Loans and advances from others |
0.000 |
65332.700 |
|
Total |
0.000 |
94526.700 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10335522 |
25/09/2012 * |
5,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B59090944 |
|
2 |
10282496 |
25/09/2014 * |
10,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MU |
C23224306 |
|
3 |
10271589 |
22/02/2011 |
10,000,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B08110595 |
|
4 |
10236217 |
17/08/2010 |
7,000,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
A93549475 |
|
5 |
10138259 |
19/01/2009 * |
4,000,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
A55110894 |
|
6 |
10136547 |
13/05/2013 * |
23,000,000,000.00 |
STATE BANK OF INDIA |
RELIANCE HOUSE (2ND FLOOR),, 34, JAWAHARLAL NEHRU |
B76656826 |
|
7 |
10043765 |
16/04/2013 * |
1,250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B75130781 |
* Date of charge modification
FIXED ASSETS
- Land
- Machinery
- Building
- Plant
- Furniture and fixture
- Computer
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.64.04 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.