MIRA INFORM REPORT

 

 

Report No. :

323046

Report Date :

18.05.2015

 

IDENTIFICATION DETAILS

 

Name :

BRAMHACORP LIMITED (w.e.f. 29.10.2013)

 

 

Formerly Known As :

BRAMHACORP PRIVATE LIMITED (w.e.f. 04.09.2013)

 

BRAMHACORP INFRASTRUCTURES PRIVATE LIMITED

 

 

Registered Office :

3, Queens Garden, Residency Club, Pune-411001, Maharashtra

Tel. No.:

91-20-41423333

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

27.03.2012

 

 

Com. Reg. No.:

11-142705

 

 

Capital Investment / Paid-up Capital :

Rs. 100.000 Million

 

 

CIN No.:

[Company Identification No.]

U70101PN2012PLC142705

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAFCB0273N

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged into Real Estate and Hotels. 

 

 

No. of Employees :

Information denied by management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (14)

 

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 :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track.

 

As per registrar of companies the date of balance sheet i.e. financials filed is shown as 31st March, 2014 but the documents related to the financials for the year 2014 is not available from any source.

 

As per available financial of 2013, the company has accumulated losses which have eroded the net worth of the company. Moreover, it has huge external borrowings which may act as a threat to its liquidity position. 

 

However, business is active. Payment terms are unknown.

 

In the view of aforesaid, subject 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

(31.12.2014)

Current Rating

(31.03.2015)

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 (B+)

Rating Explanation

Risk prone credit quality and carries very high credit risk.

Date

June 17, 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

 

Name :

Mr. Mahesh Bhatavdekar

Designation :

Compliance Officer

Contact No.:

91-20-41423333

Date :

16.05.2015

 

 

LOCATIONS

 

Registered Office :

3, Queens Garden, Residency Club, Pune-411001, Maharashtra, India

Tel. No.:

91-20-41423333

Fax No.:

91-20-26353333

E-Mail :

admin@bramhacorp.in

Website :

http://www.bramhacorp.in

Location :

Owned

 

 

DIRECTORS

 

As on: 30.09.2014

 

Name :

Mr. Ajay Ramkumar Agrawal

Designation :

Whole-Time Director

Address :

Bunglow No. 3 Agrawal Villas, Bramha Suncity Near Kalyani Nagar, Pune -  411014, Maharashtra, India

Date of Birth/Age :

19.09.1981

Date of Appointment :

02.08.2013

DIN No.:

00013104

 

 

Name :

Mr. Dinesh Mahendrakumar Agrawal

Designation :

Director

Address :

Survey No. 7, Bungalow No. 2, Bramha Suncity, Wadgaonsheri, Pune - 411014, Maharashtra, India

Date of Birth/Age :

05.08.1985

Date of Appointment :

05.08.2014

PAN No.:

AFVPA7232G

DIN No.:

00014663

 

 

Name :

Mr. Chandan Mulchand Parwani

Designation :

Director

Address :

A 301 Le Mirage, 16 Boat Club Road, Pune-411001, Maharashtra, India

Date of Birth/Age :

29.05.1958

Date of Appointment :

13.09.2013

DIN No.:

00525498

 

 

Name :

Mrs. Amruta Vithoba Mhaske

Designation :

Director

Address :

Malwadi, Kalas (Yervada) Dighi Camp, Pun- 411015, Maharashtra, India

Date of Birth/Age :

01.06.1952

Date of Appointment :

26.09.2013

DIN No.:

02053040

 

 

Name :

Mr. Karan Vinodkumar Agrawal

Designation :

Director

Address :

Bungalow No. 4, Bramha Suncity, Wadgaonsheri, Pune-411014, Maharashtra, India

Date of Birth/Age :

19.03.1988

Date of Appointment :

05.08.2014

PAN No.:

AHZPA1495K

DIN No.:

02077412

 

 

Name :

Mrs. Alka Mandar Rege

Designation :

Additional Director

Address :

Plot 19, S. No. 163, 1 Snehdeep, D.P. Road, Pune - 411007, Maharashtra, India

Date of Appointment :

13.04.2015

DIN No.:

07157038

 

 

KEY EXECUTIVES

 

Name :

Ms. Binu Mathai

Designation :

Chief Executive Officer

Address :

H. No. B/6, S. No. 114/2/1, Premlok Colony, Nadhe Nagar, Pune-411017, Maharashtra, India

Date of Appointment :

01.04.2014

PAN No.:

AMIPM5457B

 

 

Name :

Ms. Israr Khan

Designation :

Secretary

Address :

Flat No. 203, Building No. A4, Rose Wing, Regency Meadows, Dhanori, Pune-411015, Maharashtra, India

Date of Birth/Age :

12.12.1967

Date of Appointment :

12.09.2013

PAN No.:

AMYPK5829R

 

 

Name :

Mr. Mahesh Bhatavdekar

Designation :

Compliance Officer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 31.12.2014

 

LIST OF ALLOTTED:

 

Names of Shareholders

 

No. of Shares

Ajay Agrawal

 

4500000

Dinesh M. Agrawal

 

6000000

Karan Agrawal

 

4500000

Total

 

15000000

 

 

 

As on: 30.09.2014

 

Names of Shareholders

 

No. of Shares

Ramkumar Agrawal

 

1300270

Vinodkumar Agrawal

 

1300270

Himanshu Agrawal

 

1300269

Karan Agrawal

 

1300269

Reemarani Agrawal

 

1300269

Reetarani Agrawal

 

1300269

Mahendra Kumar Agrawal

 

3900808

Ajay Agrawal

 

1300269

Brahma Bazaz Inns Private Limited, India

 

389450

Bramhacorp Leisure Clubs Private Limited, India

 

3846800

Total

 

17238943

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2014

 

Category

Percentage

Bodies corporate

24.57

Directors or relatives of Directors

75.43

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into Real Estate and Hotels. 

 

 

Products :

Item Code No.

Product Description

99531110

Construction

99633102

Hotel

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash  and Credit

 

 

Purchasing :

Cash  and Credit

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, End Users and Others

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information denied by management

 

 

Bankers :
  • State Bank of India Palm Beach Road, Nerul Branch, Navi Mumbai - 400706, Maharashtra, India

 

  • Corporation Bank, Corporate Banking Branch, 14 Pune Mumbai Road Wakdewadi, Pune - 411003, Maharashtra, India

 

  • The Saraswat Co-Operative Bank Limited,  SME Branch At C2, Kohinoor Estate CHS, Mula Road, Near Kamal Bajaj Garden, Sangamwadi, Pune - 411003, Maharashtra, India

 

  • Punjab and Sind Bank, SCFB Branch, 2a, Rachana Epi Centre, 64-C, Pune-Mumbai Road, Shivaji Nagar, Pune - 411005, Maharashtra, India

 

  • ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

 

  • Shivajirao Bhosale Sahakari Bank Limited, Vidya Nagar Branch, Pune - 411015, Maharashtra, India

 

  • Andhra Bank, Andhra Bank, Pune - 411001, Maharashtra, India

 

  • Canara Bank, Mahatma Gandhi Road Branch, Pune Camp, Pune - 411001, Maharashtra, India

 

  • Central Bank of India, Mid Corporate Finance Branch, 317, M.G. Road, Pune - 411001, Maharashtra, India

 

Bank Name

HDFC Bank Limited

Branch

Boat Club Road, Pune

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Bank Name

HDFC Bank Limited

Branch

Sadhu Vaswani, Pune

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Rupee term loans from banks

1299.767

340.693

Short-term borrowings

 

 

Rupee term loans from banks

847.234

115.794

Other loans and advances, others

271.929

0.000

Total

2418.930

456.487

 

 

 

Banking Relations :
  • L & T Finance Limited,  L&T House, Ballard Estate, Mumbai - 400001, Maharashtra, India
  • PNB Housing Finance Limited, 9th Floor, antriksh Bhawan, 22 K G Marg, New Delhi  110001, India

 

 

Auditors :

 

Name :

Natu and Pathak

Chartered Accountants

Address :

#401-402, Utkarsha Apartment, Bhakti Marg, Law College Road, Pune-411004, Maharashtra, India

E-Mail :

shreedhar@natupathak.com

PAN N Income-tax PAN of auditor or auditor's firm :

AABFN5816E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises which are owned, or have significant

influence of or are partners with Key management personnel and their relatives:
  • Bramhacorp Leisure Clubs Private Limited 
  • Bramha Skyline Developers.
  • Bramha Bazaz Inns Private Limited
  • Bramha Associates
  • Nancy Bramha Associates
  • Bramha Realties
  • Bramha Bazaz Land Developers Private Limited
  • Bramha Cottages Private Limited
  • Sparsh Infratech Private Limited
  • Bramhacorp Hotels and Resorts Limited
  • Bramha Foundation
  • Bramha Publications Private Limited
  • Bramha Associates
  • Bramhacorp Mini India Park Private Limited

 

 

Associates:

  • Ramkumar Agrawal HUF
  • Vinodkumar Agrawal HUF
  • MahendraKumar B. Agrawal (HUF)

 

 

Others Related Parties:

  • Vishal S. Agrawal (HUF)
  • Surendra Kumar B. Agrawal (HUF)
  • Vishal S. Agrawal (9.50%)
  • Bramha Multicon Private Limited
  • Arpee Construction
  • New Horizon Land Developer Private Limited

 

 

CAPITAL STRUCTURE

 

After As on: 30.09.2014

Authorized Capital: Rs. 450.000 Million

Issued, Subscribed & Paid-up Capital: Rs. 359.889 Million

 

 

As on 30.09.2014

 

Authorized Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

44,990,000

Equity Shares

Rs.10/- each

Rs. 449.900 Million

10,000

Preference Share

Rs.10/- each

Rs. 0.100 Million

 

Total

 

Rs. 450.000 Million

 

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

17,238,943

Equity Shares

Rs.10/- each

Rs. 172.389 Million

 

 

 

 

 

 

 

As on 31.03.2013

 

Authorized Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

44,990,000

Equity Shares

Rs.10/- each

Rs. 449.900 Million

10,000

Preference Share

Rs.10/- each

Rs. 0.100 Million

 

Total

 

Rs. 450.000 Million

 

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 100.000 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

 

100.000

100.000

(b) Reserves & Surplus

 

(108.539)

(0.714)

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

(8.539)

99.286

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

2384.009

1752.454

(b) Deferred tax liabilities (Net)

 

3.140

3.140

(c) Other long term liabilities

 

519.057

0.000

(d) long-term provisions

 

0.502

0.000

Total Non-current Liabilities (3)

 

2906.708

1755.594

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

1452.792

115.794

(b) Trade payables

 

251.213

175.836

(c) Other current liabilities

 

1953.628

835.132

(d) Short-term provisions

 

19.836

0.378

Total Current Liabilities (4)

 

3677.469

1127.140

 

 

 

 

TOTAL

 

6575.638

2982.020

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

1398.110

59.501

(ii) Intangible Assets

 

1.332

0.246

(iii) Capital work-in-progress

 

1033.771

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

125.003

0.000

(c) Deferred tax assets (net)

 

0.000

0.000

(d)  Long-term Loan and Advances

 

850.969

546.365

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

3409.185

606.112

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

814.645

305.631

(c) Trade receivables

 

121.132

66.694

(d) Cash and cash equivalents

 

131.716

9.276

(e) Short-term loans and advances

 

2098.960

1994.307

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

3166.453

2375.908

 

 

 

 

TOTAL

 

6575.638

2982.020

 

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

31.03.2013

31.03.2012

SALES

 

 

 

Income

 

643.693

19.200

Other Income

 

12.865

0.587

TOTAL (A)

 

656.558

19.787

 

 

 

 

EXPENSES

 

 

 

Cost of Materials Consumed

 

337.630

22.538

Prior Period

 

(12.972)

0.000

Extraordinary Item

 

1.347

 0.000

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

(494.809)

(17.939)

Employees benefits expense

 

142.644

1.798

Other expenses

 

505.700

6.857

TOTAL (B)

 

479.540

13.254

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

 

177.018

6.533

 

 

 

 

FINANCIAL EXPENSES (D)

 

187.576

3.902

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

 

(10.558)

2.631

 

 

 

 

DEPRECIATION/ AMORTISATION (F)

 

97.267

0.205

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

 

(107.825)

2.426

 

 

 

 

TAX (I)

 

0.000

3.140

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-I)   (J)

 

(107.825)

(0.714)

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

F.O.B. Value of Exports

 

198.122

0.000

TOTAL EARNINGS

 

198.122

0.000

 

 

 

 

IMPORTS

 

 

 

Capital Goods

 

142.849

0.000

TOTAL IMPORTS

 

142.849

0.000

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

(10.78)

(0.07)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

 

31.03.2013

31.03.2012

Current Maturities of Long term debt

 

NA

NA

Cash generated from operations

 

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)
 

(16.75)

(3.72)

 

 
 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)
 

27.50

34.03

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

(1.99)

0.08

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

12.63

0.02

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
 

(449.33)

18.82

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

0.86

2.11

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Share Capital

100.000

100.000

Reserves & Surplus

(0.714)

(108.539)

Net worth

99.286

(8.539)

 

 

 

long-term borrowings

1752.454

2384.009

Short term borrowings

115.794

1452.792

Total borrowings

1868.248

3836.801

Debt/Equity ratio

18.817

(449.327)

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Sales

19.200

643.693

 

 

3,252.568

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Sales

19.200

643.693

Profit/Loss

(0.714)

(107.825)

 

(3.72%)

(16.75%)

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

No

6

Contact numbers

No

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

--

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last two years

Yes

27

Reasons for variation <> 20%

No

28

Estimation for coming financial year

No

29

Profitability for last two years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

No

33

Market information

No

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

OPERATIONS PERFORMANCE:

 

The Company is carrying on the business of real estate and now the after Amalgamation of our two group Companies, engaged in running of Hotel and Restaurants. The Board is confident about the future results coming from the said financial synergy which would help in cost reduction by eliminating or streamlining redundant processes.

 

 

UNSECURED LOAN

 

Particular

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Loans and advances from related parties

1084.242

1411.761

Short-term borrowings

 

 

Rupee term loans from banks

6.676

0.000

Loans and advances from directors

9.500

0.000

Other loans and advances, others

317.453

0.000

Total

1417.871

1411.761

 

 

INDEX OF CAHREGS:

 

S. NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10553591

23/04/2015 *

180,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH,'TULSI APARTMENTS' II FLOOR, 
OFF TILAK ROAD, SADASHIV PETH, PUNE - 411030, MAHARASHTRA, INDIA

C53198495

2

10544301

30/12/2014

200,000,000.00

PNB HOUSING FINANCE LIMITED

9TH FLOORANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI - 110001, INDIA

C41032483

3

10516047

30/06/2014

15,637,238.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA

C17422288

4

10495034

09/04/2014

25,000,000.00

SHIVAJIRAO BHOSALE SAHAKARI BANK LIMITED

VIDYA NAGAR BRANCH, PUNE - 411015, MAHARASHTRA, INDIA

C02747988

5

10487641

29/03/2014

400,000,000.00

ANDHRA BANK

ANDHRA BANK, PUNE - 411001, MAHARASHTRA, INDIA

C02157840

6

10454754

09/10/2013

11,645,525.00

L & T FINANCE LIMITED

L&T HOUSE, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA

B87434338

7

10453193

25/03/2015 *

1,020,000,000.00

CORPORATION BANK

CORPORATE BANKING BRANCH, 14 PUNE MUMBAI ROAD WAK DEWADI, PUNE - 411003, MAHARASHTRA, INDIA

C52166881

8

10448686

16/08/2013

750,000,000.00

CANARA BANK

MAHATMA GANDHI ROAD BRANCH, PUNE CAMP, PUNE - 411001, MAHARASHTRA, INDIA

B84840404

9

10424986

10/12/2013 *

46,200,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA

B92065192

10

10385755

09/10/2012

400,000,000.00

CENTRAL BANK OF INDIA

MID CORPORATE FINANCE BRANCH, 317, M.G. ROAD, PUNE - 411001, MAHARASHTRA, INDIA

B61833745

 

* Date of charge modification

 

 

 

 

FIXED ASSETS:

 

  • Land
  • Building
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipments
  • Computer software

 

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 records 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.63.58

UK Pound

1

Rs.100.30

Euro

1

Rs.72.38

 

 

INFORMATION DETAILS

 

Information Gathered by :

DPA

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

MTN

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILITY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--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

 

14

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.