MIRA INFORM REPORT
|
Report No. : |
323197 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVENUE SUPERMARTS LIMITED (w.e.f.03.05.2011) |
|
|
|
|
Formerly Known
As : |
AVENUE SUPERMARTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Anjaneya CHS Limited, Orchard Avenue, Opposite Hiranandani Foundation
School, Powai, Mumbai – 400076, Maharashtra |
|
Tel. No.: |
91-22-40496501/ 30100121/40496500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126473 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5467.529 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2000PLC126473 |
|
|
|
|
IEC No.: |
0301049751 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8432H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of organized retail and operates supermarkets. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (70) |
|
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 : |
Exist |
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|
|
|
Comments : |
Subject is engaged in the organized retail business through its
D-Mart-branded chain of stores. It is a well-established company and reputed
having fine track record. For the financial year ended 2014, the company has reported decent
operational performance and it has achieved 40.36% topline growth.
Profitability of the company stood at 3.41%. Rating takes into account of company’s established position in the
organised retail market supported by its established brand name in retail
segment and extensive industry experience of its promoters. Rating also takes into account of company’s healthy operational risk
profile backed by sound financial base of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of healthy operational backed by sound financial profile, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
18.03.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Commercial paper = A1+ |
|
Rating Explanation |
Very strong degree of safety and very carry
lowest credit risk. |
|
Date |
18.03.2015 |
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sandeep |
|
Designation : |
Admin |
|
Contact No.: |
91-22-40496500 |
|
Date : |
18.05.2015 |
LOCATIONS
|
Registered Office : |
Anjaneya CHS Limited, Orchard Avenue, Opposite Hiranandani Foundation
School, Powai, Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-40496501/ 30100121/40496500 |
|
Fax No.: |
91-22-40496503 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2014
|
Name : |
Ignatius Navil Noronha |
|
Designation : |
Managing director |
|
Address : |
D-102, Golden Square, Near MHB Colony, Sunder Nagar, Next to Kalina
University, Santacruz [West], Mumbai – 400098, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1974 |
|
Qualification : |
Masters in Marketing Management |
|
Date of Appointment : |
02.01.2006 |
|
PAN No.: |
ABVPN9447Q |
|
DIN No.: |
01787989 |
|
|
|
|
Name : |
Mr. Ramakant Baheti |
|
Designation : |
Director |
|
Address : |
A/501, Hercules Vasant Galaxy, Bangur Nagar, Goregaon [West], Mumbai –
400090, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1973 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
02.01.2006 |
|
PAN No.: |
AAEPB4932E |
|
DIN No.: |
00246480 |
|
|
|
|
Name : |
Mr. Ramesh Shrichand Damani |
|
Designation : |
Director |
|
Address : |
Sunshine, 6th Floor, 156, M. Karve Road, Mantralaya, Mumbai
– 400020, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1957 |
|
Date of Appointment : |
09.09.2009 |
|
DIN No.: |
00304347 |
|
|
|
|
Name : |
Mrs. Manjri Aditya Chandak |
|
Designation : |
Director |
|
Address : |
C 501/602, Vastu Apartment, Near Devanand Bungalow, Juhu [West],
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1985 |
|
Date of Appointment : |
31.03.2011 |
|
DIN No.: |
03503615 |
KEY EXECUTIVES
|
Name : |
Ashu Gupta |
|
Designation : |
Secretary |
|
Address : |
16, Divakar Naval Officers, Flats Sassoon Complex, Colaba, Mumbai –
400005, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1975 |
|
Date of Appointment : |
03.07.2007 |
|
PAN No.: |
AKEPG6148D |
|
|
|
|
Name : |
Mr. Ramakant Baheti |
|
Designation : |
Chief Finance Officer |
|
Address : |
A-501 Hercules, Vasant Galaxy, Bangur Nagar, Goregaon (W), Mumbai-400090, Maharashtra, India |
|
Date of Appointment : |
01.05.2014 |
|
PAN No.: |
AAEPB4932E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
16.23 |
|
Directors or relatives of Directors |
63.81 |
|
Other top fifty shareholders |
1.45 |
|
Other |
18.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of organized retail and operates supermarkets. |
|
|
|
|
Products : |
Ø Household item Ø Grocery items Ø Fashion Garments Ø Electronic
Product Ø Fashion Foot
wear etc. |
|
|
|
|
Brand Names : |
D- Mart |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1000 (Approximately) ) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
Ø ING Vysya Bank Limited 22,Ground Floor, ING Vysya House, M.G. Road, Bangalore - 560001, Karnataka, India Ø HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India Ø Kotak Mahindra Bank Limited 36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India Ø ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India Ø Citibank N. A. Citi Tower, 1st Floor, 61, Dr. S. S. Rao Road, Parel, Mumbai - 400012, Maharashtra, India Ø State Bank of India Small & Medium Enterprises, City Credit Center, 1st Floor, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
||||||||||||||||||||||
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Dalal and Shah Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFN4217G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Ø Nahar Seth and Jogani Associates Ø Nahar Seth Jogani Developers P Limited |
|
|
|
|
Subsidiaries : |
Ø Avenue Food Plaza Private Limited Ø Align Retail Trades Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000,000 |
Equity Shares |
Rs.10/- each |
Rs.7500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
546,752,880 |
Equity Shares |
Rs.10/- each |
Rs.5467.529
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 |
5467.529 |
5440.588 |
5335.393 |
|
(b) Reserves & Surplus |
4035.808 |
2419.791 |
1460.857 |
|
(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) |
9503.337 |
7860.379 |
6796.250 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4568.365 |
3711.622 |
2643.194 |
|
(b) Deferred tax liabilities (Net) |
264.784 |
200.267 |
129.904 |
|
(c)
Other long term liabilities |
146.452 |
149.560 |
113.394 |
|
(d)
long-term provisions |
0.000 |
0.000 |
14.586 |
|
Total
Non-current Liabilities (3) |
4979.601 |
4061.449 |
2901.078 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
377.457 |
610.419 |
633.333 |
|
(b)
Trade payables |
1277.703 |
971.957 |
642.441 |
|
(c)
Other current liabilities |
1613.274 |
1315.230 |
853.062 |
|
(d)
Short-term provisions |
164.308 |
84.550 |
44.817 |
|
Total
Current Liabilities (4) |
3432.742 |
2982.156 |
2173.653 |
|
|
|
|
|
|
TOTAL |
17915.680 |
14903.984 |
11870.981 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
11650.587 |
9192.086 |
7907.487 |
|
(ii)
Intangible Assets |
36.187 |
30.837 |
17.740 |
|
(iii)
Capital work-in-progress |
780.312 |
1073.593 |
741.877 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
173.412 |
201.575 |
22.205 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
560.998 |
799.578 |
552.674 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13201.496 |
11297.669 |
9241.983 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.120 |
80.120 |
|
(b)
Inventories |
3639.792 |
2578.135 |
1852.649 |
|
(c)
Trade receivables |
95.018 |
131.151 |
44.800 |
|
(d)
Cash and cash equivalents |
519.207 |
588.968 |
446.529 |
|
(e)
Short-term loans and advances |
433.041 |
290.060 |
178.820 |
|
(f)
Other current assets |
27.126 |
17.881 |
26.080 |
|
Total
Current Assets |
4714.184 |
3606.315 |
2628.998 |
|
|
|
|
|
|
TOTAL |
17915.680 |
14903.984 |
11870.981 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
46806.018 |
33346.183 |
22026.010 |
|
|
|
Other Income |
187.161 |
164.491 |
154.965 |
|
|
|
TOTAL (A) |
46993.179 |
33510.674 |
22180.975 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
41064.722 |
29402.407 |
19566.793 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1061.657) |
(725.486) |
(673.532) |
|
|
|
Employees benefits expense |
852.274 |
674.989 |
447.390 |
|
|
|
Other expenses |
2596.598 |
1889.568 |
1337.091 |
|
|
|
TOTAL (B) |
43451.937 |
31241.478 |
20677.742 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3541.242 |
2269.196 |
1503.233 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
553.256 |
424.075 |
260.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2987.986 |
1845.121 |
1243.033 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
564.405 |
455.554 |
374.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2423.581 |
1389.567 |
868.884 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
827.256 |
465.377 |
277.085 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1596.325 |
924.190 |
591.799 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
378.905 |
124.823 |
0.000 |
|
|
|
Capital Goods |
0.000 |
13.428 |
27.497 |
|
|
TOTAL IMPORTS |
378.905 |
138.251 |
27.497 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.93 |
1.72 |
1.17 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1293.256 |
925.363 |
530.238 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.41 |
2.77 |
2.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.57 |
6.80 |
6.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.29 |
10.20 |
7.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.18 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.66 |
0.67 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.21 |
1.21 |
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 |
5335.393 |
5440.588 |
5467.529 |
|
Reserves & Surplus |
1460.857 |
2419.791 |
4035.808 |
|
Net
worth |
6796.250 |
7860.379 |
9503.337 |
|
|
|
|
|
|
long-term borrowings |
2643.194 |
3711.622 |
4568.365 |
|
Short term borrowings |
633.333 |
610.419 |
377.457 |
|
Current Maturities Of
Long-Term Debts |
530.238 |
925.363 |
1293.256 |
|
Total
borrowings |
3806.765 |
5247.404 |
6239.078 |
|
Debt/Equity
ratio |
0.560 |
0.668 |
0.657 |
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) |
|
Revenue from Operations |
22026.010 |
33346.183 |
46806.018 |
|
|
|
51.395 |
40.364 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from Operations |
22026.010 |
33346.183 |
46806.018 |
|
Profit |
591.799 |
924.190 |
1596.325 |
|
|
2.69% |
2.77% |
3.41% |
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 |
-- |
|
6 |
Contact numbers |
Yes |
|
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 |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 903 Dalamal, House 206, J B Marg, Nariman Point, Mumbai- 400021, Maharashtra, India to the present address w.e.f. 02.04.2007
LITIGATION
DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date: 23.07.2014 |
|
Lodging No: NMAL/1684/2014 Filing Date:
23.07.2014 Reg. No.: NMA/1044/2014 Reg. Date: 14.08.2014 |
|
Main Matter Lodging No: APPL/454/2014
Reg. No.: APP/347/2014 |
|
Petitioner: SUMER BUILDERS PRIVATE LIMITED - Respondent: AVENUE
SUPERMARTS LIMITED Petn. Adv : YASMIN BHANSALI & CO. (45) Resp. Adv.:
YASHPAL JAIN [RESP./APPLICANT] [I3077] District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: NOTICE OF MOTION [APPEAL] Next Date: 11.06.2015
Stage: NOTICE OF MOTION FOR HEARING [ORIGINAL SIDE MATTERS] Coram: HON’BLE THE CHIEF JUSTICE HON’BLE SHRI JUSTICE M.S. SONAK Last Date: 03.09.2014
Stage: NOTICE OF MOTION FOR HEARING [ORIGINAL SIDE MATTERS] Last Coram: HON’BLE THE CHIEF JUSTICE HON’BLE SHRI JUSTICE M.S.
SONAK |
|
Act: Arbitration and Conciliation Act 1996 |
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short Term
Borrowing |
|
|
|
Intercorporate borrowings |
0.000 |
400.000 |
|
Total |
0.000 |
400.000 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10548620 |
19/01/2015 |
1,100,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
GROUND FLOOR,ASIAN BUILDING, 17, R. KAMANI MARG, BALLARD ESTATE,,
MUMBAI, Maharashtra - 400001, INDIA |
C42072850 |
|
2 |
10543657 |
17/10/2014 |
900,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
GROUND FLOOR,ASIAN BUILDING,, 17, R. KAMANI MARG, |
C39835319 |
|
3 |
10521503 |
22/07/2014 |
1,500,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai,
Maharashtra - 400051, INDIA |
C22023899 |
|
4 |
10496682 |
06/05/2014 |
230,700,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT, LOWER PAREL W, MUMBAI, Maharashtra -
400013, INDIA |
C05171665 |
|
5 |
10495245 |
11/04/2014 |
94,400,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
C04662573 |
|
6 |
10481193 |
12/02/2014 |
150,000,000.00 |
ING VYSYA BANK LIMITED |
MITTAL TOWERS,A-WING,GROUND FLOOR, 210 NARIMAN POINT, MUMBAI,
Maharashtra - 400021, INDIA |
B97889281 |
|
7 |
10482661 |
12/02/2014 |
1,000,000,000.00 |
ING VYSYA BANK LIMITED |
22,GROUND FLOOR,ING VYSYA HOUSE,, M.G.ROAD,, BANGALORE, Karnataka - 560001,
INDIA |
B98510316 |
|
8 |
10476571 |
29/01/2014 |
256,744,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B95923017 |
|
9 |
10467700 |
12/12/2013 |
321,600,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B92557420 |
|
10 |
10468817 |
11/04/2014 * |
282,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
C04658290 |
PERFORMANCE REVIEW
The Company has recorded yet another year of exponential growth even at a time of a highly competitive environment in the Retail Sector. The Company has opened Thirteen new stores during the year as at 31st March, 2014 taking the total number of Stores to 75.
The Income from Operations has increased to Rs. 46806.018 Million as against the previous year's income of Rs. 33346.183 Million, registering a steady growth of 40.36% on a y-o-y basis. The Company has earned a Net Profit of Rs. 1596.325 Million.
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Guarantees |
160.000 |
160.000 |
|
Other money for which company is contingently liable |
37.442 |
3.789 |
|
Total |
197.442 |
163.789 |
FIXED ASSETS
Ø Land
Ø Buildings
Ø Office building
Ø Plant and equipment
Ø Other plant and equipment
Ø Furniture and fixtures
Ø Vehicles
Ø Motor vehicles
Ø Office equipment
Ø Computer equipments
Ø Other equipments
Ø Leasehold improvements
Ø Brands and trade marks
Ø 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,
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.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
6 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
70 |
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.