MIRA INFORM REPORT
|
Report No. : |
321703 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TATA HOUSING DEVELOPMENT COMPANY LIMITED (w.e.f. 10.10.2007) |
|
|
|
|
|
|
Formerly Known
As : |
THDC LIMITED |
|
|
|
|
|
|
Registered
Office : |
12th Floor, Times Tower, Kamala Mills Compound, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
|
|
|
|
|
Tel. No.: |
91-22-66614444 |
|
|
|
|
|
|
Country : |
India |
|
|
|
|
|
|
Financials (as
on) : |
31.03.2014 (Profit and Loss Account) |
|
|
|
|
|
|
Date of
Incorporation : |
19.03.1942 |
|
|
|
|
|
|
Com. Reg. No.: |
11-003573 |
|
|
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2016.666 Million (As On 31.03.2013) |
|
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1942PLC003573 |
|
|
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT05934F |
|
|
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT0191Q |
|
|
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
|
|
Line of Business
: |
Real Estate Developers |
|
|
|
|
|
|
No. of Employees
: |
600 (Approximately) |
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a TATA Group Company. It is an established company having fine track record. Financial position of the company is sound. Fundamentals of the company
are strong and healthy. The rating also derives strength from its strong parentage supported
by its well experienced promoters and management. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. NOTE: Balance Sheet statement of the company for
the year 2014 is not available |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = AA |
|
Rating Explanation |
High degree of safety and carry lowest
credit risk |
|
Date |
24.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
24.12.2014 |
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Rahul Desai |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-66614444 |
|
Date : |
08.05.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
12th Floor, Times Tower, Kamala Mills Compound, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66614444 |
|
Fax No.: |
91-22-66614452 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Sales
Offices : |
Located At: ·
Mumbai ·
Pune ·
Kolkata ·
New Delhi ·
Bangalore ·
Mohali |
DIRECTORS
AS ON 12.09.2014
|
Name : |
Mr. Brotin Subroto Banerjee |
|
Designation : |
Managing Director |
|
Address : |
Sanghi Residency, 77 Palki, Gali, Opposite Twin Towers, Prabhadevi,
Mumbai – 400025, Maharasahtra, India |
|
Date of Birth/Age : |
13.04.1973 |
|
Qualification : |
Mr. Brotin Banerjee has completed his graduation from St. Stephens College, Delhi and holds a Master’s Degree in International Studies. |
|
Date of Appointment : |
17.04.2008 |
|
DIN No.: |
01522816 |
|
|
|
|
Name : |
Mr. Sankaran Santhanakrishnan |
|
Designation : |
Director |
|
Address : |
24, Unnamalai Ammal Street, T.
Nagar, Chennai-600017, Tamilnadu, India |
|
Qualification : |
Mr. Santhanakrishnan S. is a science graduate with degree in law and the fellow member of ICAI. Mr. Santhanakrishnan is the founder and Managing Partner of the Firm M/s PKF Sridhar and Santhanam, Chartered Accountants. He has more than 30 years of experience in Global Assurance and Consulting. He has been awarded with Professional Excellence Award by Chennai HR Forum. |
|
Date of Birth/Age : |
01.11.1951 |
|
Qualification : |
|
|
Date of Appointment : |
13.09.2010 |
|
DIN No.: |
00032049 |
|
|
|
|
Name : |
Mr. Sanjay Ganesh Ubale |
|
Designation : |
Director |
|
Address : |
Flat No. 6, 2nd Floor, Ashley House, 169 – Colaba, Near
Colaba Post Office, Colaba, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1961 |
|
Qualification : |
Mr. Sanjay G. Ubale a distinguished IAS Officer. He has a Bachelor’s of Science (Physics, Mathematics and Statistics) from Mumbai University and Master’s degree in Marketing Management from Jamnalal Bajaj Institute of Management, Bombay University and Development Studies from the University of Bath, UK. |
|
Date of Appointment : |
13.09.2008 |
|
DIN No.: |
02040738 |
|
|
|
|
Name : |
Mr. Krishnamoorthy Srinivasa Venkataramanan |
|
Designation : |
Director |
|
Address : |
2 D Polaris Aquila Heights No.27, HMT Factory, Main Road, Near HMT School,
Peenya Plantation B, Bangalore – 560013, Karnataka, India |
|
Date of Birth/Age : |
30.07.1961 |
|
Qualification : |
Mr. K. Venkataramanan is a Commerce Graduate, a Chartered Accountant and a Cost Accountant |
|
Date of Appointment : |
26.06.2013 |
|
DIN No.: |
01728072 |
KEY EXECUTIVES
|
Name : |
Mr Amit Dhirendra Shah |
|
Designation : |
Company Secretary |
|
Address : |
Flat B/411, Plot No. 368/4, Kamlesh Apartments, Sher-E-Punjab, Mahakali
Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
27.04.1979 |
|
Date of Appointment : |
16.11.2008 |
|
PAN No.: |
ASNPS1268F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2014
|
Names of Ordinary Shareholders |
No. of Shares |
|
Tata Industries Limited, India |
284338 |
|
F. A. Poncha |
288 |
|
Tata Sons Limited, India Jointly with F.N. Subedar |
25 |
|
Tata Sons Limited, India Jointly with K. R. Bhagat |
25 |
|
Tata Sons Limited, India Jointly with E.N. Kapadia |
23 |
|
Tata Sons Limited, India Jointly with Nikhil Kumar |
25 |
|
Total |
284724 |
|
Names of Shareholders Holding shares in Demat Mode |
No. of Shares |
|
Tata Sons Limited, India |
286048181 |
|
P.S. Mistry |
288 |
|
Ratan Tata |
71 |
|
Total |
286048540 |
AS ON 12.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
99.99 |
|
Other
top fifty shareholders |
0.01 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers. |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
-- |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021, Maharashtra, India · ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India ·
Yes Bank Limited, 9th Floor, Nehru Centre,
Discovery of india, Dr. Annie Besant Road, Worli, Mumbai - 400018,
Maharashtra, India ·
State Bank of Bikaner and Jaipur ·
The Hongkong and Shanghai Banking Corporation
Limited, 52/60, Mahatma Gandhi Road, Fort,, Mumbai - 400001, Maharashtra,
India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
SBI = Rs. 1000.000 Million HDFC Bank = Rs. 600.000 Million IDBI Bank = 1000.000 Million
|
|
|
|
|
Financial Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra,, India |
|
|
|
|
Auditors 1 : |
|
|
|
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Indiabulls Finance Centre, Tower 3, 27 - 32 Floor,
Senapati Bapat Marg , Elphinstone (West), Mumbai – 400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Auditors 2 : |
|
|
|
|
|
Name : |
S N B Associates Chartered Accountants |
|
Address : |
12, 3rd Floor, Gemini Parsn Complex,121 Anna Salai - 600006, Chennai, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFS4993G |
|
|
|
|
Subsidiary company
: [As on 31.03.2013] |
· Ardent Properties Private Limited CIN No.: U45200DL2007PTC160116 · Apex Realty Private Limited · Concept Marketing and advertising Limited CIN No.: U74300MH1969PLC014375 · Kriday Realty Private Limited CIN No.: U45400MH2011PTC224084 · Landscape Structures Private Limited CIN No.: U70109DL2006PTC156034 · Lemon Tree Land and Developers Private Limited CIN No.: U45202HR2011PTC044718 · Promont Hillside Private Limited CIN No.: U45400MH2012PTC227897 · Tata Value Homes Limited CIN No.: U45400MH2009PLC195605 · THDC Facility Management Limited CIN No.: U74999MH2000PLC128720 ·
World- One Development Company Pte Limited |
|
|
|
|
Joint venture : [As on 31.03.2013] |
· Arvind and Smart Value Homes LLP · Casa Decor Private Limited CIN No.: U45401MH2007PTC170381 · Princeton Infrastructure Private Limited CIN No.: U45201DL2005PTC135768 · Sohna City LLP ·
Technopolis Knowledge Park Limited CIN No.: U70101MH1997PLC110915 |
|
|
|
|
SAP Implementation
: [As on 31.03.2013] |
CMC Limited CIN No.: L72200AP1975PLC001970 |
|
|
|
|
Fellow Subsidiary
company : [As on 31.03.2013] |
· Drive India Enterprise Solutions Limited CIN No.: U72900MH2000PLC126195 · Gurgaon Infratech Private Limited CIN No.: U45200DL2007PTC157572 · Infiniti Retail Limited CIN No.: U31900MH2005PLC158120 · Tata Aia Life Insurance Company Limited CIN No.: U66010MH2000PLC128403 · Tata Aig General Insurance Company Limited CIN No.: U85110MH2000PLC128425 · Tata Industries Limited CIN No.: U44003MH1945PLC004403 · Tata Sky Limited CIN No.: U92120MH2001PLC130365 · Tata Teleservices (Maharashtra) Limited CIN No.: L64200MH1995PLC086354 · Tata Teleservices Limited CIN No.: U74899DL1995PLC066685 · Tata Capital Financial Services Limited CIN No.: U67100MH2010PLC210201 · Tata Consultancy Services Limited CIN No.: L22210MH1995PLC084781 · Tata Investment Corporation Limited CIN No.: L67200MH1937PLC002622 · Tata Realty and Infrastructure Limited CIN No.: U70102MH2007PLC168300 |
|
Holding company [As on 31.03.2013] |
Tata Sons Limited CIN No.: U99999MH1917PLC000478 |
|
|
|
|
Others : [As on 31.03.2013] |
TCS E-serve Limited CIN No.: U65990MH1984PLC033929 |
CAPITAL STRUCTURE
AS ON 12.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
325,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
286,333,264 |
Equity Shares |
Rs. 10/- each |
Rs. 2863.333 Million |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000000 |
Equity Shares |
Rs.10/- each |
Rs. 2250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
201666597 |
Equity Shares |
Rs.10/- each |
Rs. 2016.666 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2016.666 |
1174.999 |
|
(b) Reserves & Surplus |
|
7370.756 |
2231.725 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
1500.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
9387.422 |
4906.724 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
3550.000 |
2250.000 |
|
(b) Deferred tax liabilities (Net) |
|
1477.116 |
859.008 |
|
(c)
Other long term liabilities |
|
2031.848 |
1268.834 |
|
(d)
long-term provisions |
|
62.107 |
49.526 |
|
Total
Non-current Liabilities (3) |
|
7121.071 |
4427.368 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
4629.746 |
2171.437 |
|
(b)
Trade payables |
|
2782.520 |
2454.967 |
|
(c)
Other current liabilities |
|
4378.438 |
1728.869 |
|
(d)
Short-term provisions |
|
381.590 |
288.506 |
|
Total
Current Liabilities (4) |
|
12172.294 |
6643.779 |
|
|
|
|
|
|
TOTAL |
|
28680.787 |
15977.871 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
92.018 |
108.135 |
|
(ii)
Intangible Assets |
|
28.785 |
30.377 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
5660.047 |
1894.951 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
9657.295 |
5656.473 |
|
(e)
Other Non-current assets |
|
74.036 |
40.362 |
|
Total
Non-Current Assets |
|
15512.181 |
7730.298 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
1.906 |
101.906 |
|
(b)
Inventories |
|
7772.094 |
4292.269 |
|
(c)
Trade receivables |
|
1367.465 |
605.199 |
|
(d)
Cash and cash equivalents |
|
88.193 |
175.400 |
|
(e)
Short-term loans and advances |
|
1675.225 |
1162.739 |
|
(f)
Other current assets |
|
2263.723 |
1910.060 |
|
Total
Current Assets |
|
13168.606 |
8247.573 |
|
|
|
|
|
|
TOTAL |
|
28680.787 |
15977.871 |
NOTE:
Balance Sheet statement of the company for the
year 2014 is not available, only Profit and Loss is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5690.900 |
7951.900 |
8417.110 |
|
|
|
Other Income |
1696.400 |
999.400 |
409.160 |
|
|
|
TOTAL |
7387.300 |
8951.300 |
8826.270 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3739.300 |
5464.900 |
5771.414 |
|
|
|
Employees benefits expense |
503.200 |
429.700 |
356.557 |
|
|
|
Other expenses |
667.400 |
603.300 |
594.461 |
|
|
|
TOTAL |
4909.900 |
6497.900 |
6722.432 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2477.400 |
2453.400 |
2103.838 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1210.600 |
585.000 |
208.485 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1266.800 |
1868.400 |
1895.353 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
415.000 |
4.000 |
28.789 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1225.300 |
1828.400 |
1866.564 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
610.300 |
577.200 |
543.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
615.000 |
1251.200 |
1323.064 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Products |
5415.000 |
7649.100 |
8322.243 |
|
|
|
Sale of Services |
275.900 |
302.800 |
37.111 |
|
|
TOTAL EARNINGS |
5690.900 |
7951.900 |
8359.354 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
NA
|
6.85 |
11.41 |
|
|
|
Diluted
|
NA |
6.80 |
10.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
10.81 |
15.73 |
15.72 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
43.53 |
30.85 |
24.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
7.94 |
13.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.19 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
0.87 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.08 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8417.110 |
7951.900 |
5690.900 |
|
|
|
(5.527) |
(28.433) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8417.110 |
7951.900 |
5690.900 |
|
Profit |
1323.064 |
1251.200 |
615.000 |
|
|
15.72% |
15.73% |
10.81% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
|
|
|
|
|
Current maturities of long-term debt |
NA |
2250.000 |
82.917 |
|
|
|
|
|
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10476338 |
09/01/2014 |
2,000,000,000.00 |
AXIS
TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B95673794 |
|
2 |
10481354 |
09/01/2014 |
2,000,000,000.00 |
AXIS
TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B95674040 |
|
3 |
10457638 |
08/10/2013 |
300,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60,
MAHATMA GANDHI ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B88562541 |
|
4 |
10456007 |
28/09/2013 |
600,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST |
B87938239 |
|
5 |
10444556 |
21/08/2013 |
1,000,000,000.00 |
STATE
BANK OF INDIA |
RAHEJA
CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI 400021, MAHARASHTRA,
INDIA |
B82870056 |
|
6 |
10418174 |
08/03/2013 |
1,500,000,000.00 |
AXIS
TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B72042971 |
|
7 |
10418177 |
08/03/2013 |
1,500,000,000.00 |
AXIS
TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, |
B72043060 |
|
8 |
10406111 |
27/03/2015
* |
3,600,000,000.00 |
STATE
BANK OF BIKANER AND JAIPUR |
235-237,
PENINSULA HOUSE, D. N. ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
C51630432 |
|
9 |
10377624 |
27/11/2013
* |
1,500,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B90234816 |
|
10 |
10220468 |
31/03/2012
* |
700,000,000.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST |
B37886033 |
|
11 |
10151363 |
21/03/2009 |
1,200,000,000.00 |
IDBI
BANK LIMITED |
K G
MARG BRANCH, 11TH FLOOR, SURYA KIRAN BUILDING, |
A59431718 |
|
12 |
80038952 |
21/08/2013
* |
1,750,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI -
400005, MAHARASHTRA, INDIA |
B85449775 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate Borrowing |
1800.000 |
140.000 |
|
Commercial Paper |
1223.684 |
0.000 |
|
Total |
3023.684 |
140.000 |
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from Eruchshaw
Building 249, Dr. D. N. Road, Fort, Mumbai – 400001, Maharashtra, India to the
present address w.e.f.02.04.2010.
CORPORATE INFORMATION
Tata Housing Development Company Ltd [CIN: U99999MH1942PLC003573] (the Company) commenced real estate operations in the year 1984. Tata Housing is a 99.86% subsidiary of Tata Sons Limited (Tata Sons).
Tata Sons is the holding company of various Tata Companies with interests in diverse businesses including steel, telecom, automobiles, information technology, hotels etc.
Tata Housing has main interest in development of Real Estate, being one of the first corporate players in India. Since 1984, it has constructed various prestigious residential buildings/complexes, luxury residences, commercial complexes and integrated townships.
Tata Housing is into the real estate development and key activities of Tata Housing include identification of land, project conceptualizing and designing, development, management and marketing.
FIXED ASSETS:
· Buildings
· Plant and Equipment
· Plant and Equipment
· Factory Equipment’s
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipment’s
· Other Equipment’s
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. 64.05 |
|
|
1 |
Rs. 99.04 |
|
Euro |
1 |
Rs. 71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
68 |
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.