MIRA INFORM REPORT
|
Report No. : |
347139 |
|
Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
R.E.CABLES AND CONDUCTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25/B, Phase I, IDA, Cherlapally, Hyderabad-500051, Telangana |
|
Tel. No.: |
91-40-42209225 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
27.03.2007 |
|
|
|
|
Com. Reg. No.: |
36-053352 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 78.166 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300TG2007PTC053352 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
28520489348 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR5595B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of designing,
manufacturing and marketing of all Aluminum Stranded Conductors (AAC), All
Aluminum Alloy Stranded Conductors (AAAC), All Aluminum Conductors Galvanized
Steel reinforced (ACSR), Double paper covered (DPC) Wires and Strips cables,
Aerial Bunched (AB) Cables and Power Cables and Bare Aluminium/Aluminium
Alloy Wires and strips and submersible copper wires. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject was earlier known as M/s Ramesh Enterprise and was established
in the year 1993, promoted by Mr. Ramesh Jain and Mr. Hitesh Jain. Later in
2007 it has converted into private limited company. The rating takes into consideration steady growth in its sales
turnover and net profit along with fair profit margin in FY14. Overall
capital structure of the company appears to be sound and healthy marked by
acceptable debt level. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings with 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 – March 31, 2015
|
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 |
CARE |
|
Rating |
Long term bank facilities : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
09.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
09.03.2015 |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-40-42209225 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
25/B, Phase I, IDA, Cherlapally, Hyderabad-500051, Telangana, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
Corporate Office: |
# 306, Minerva Complex, 3rd Floor, S. D Road, Secunderabad-500003, Telangana, India |
|
Tel. No.: |
91- 40 - 42209225 |
|
Fax No.: |
91- 40 - 27729225 |
|
E-Mail : |
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|
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|
Factory 1 : |
Plot No: 29, Phase -1 IDA Cherlapally, Hyderabad – 500051, Telangana, India |
|
|
|
|
Factory 2 : |
Plot No. 25/A, Phase1, IDA Cherlapally, Hyderabad – 500051, Telangana, India |
|
|
|
|
Factory 3 : |
Plot No. 223, Rampally Village, Keesara Mandal, R R District Hyderabad – 500051, Telangana, India |
|
|
|
|
Regional Marketing
Office 1 : |
# 37, Santhusapet, Sultanpet Cross, Bangalore – 560053, Karnataka, India |
|
Tel. No.: |
91- 80-4122 3451 |
|
Fax No.: |
91- 80-2228 5184 |
|
|
|
|
Regional Marketing Office
2 : |
S-28, 2nd Floor Sez Plaza, Marve Road, Malad (West), |
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Hitesh Ramesh Jain |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No.303, Block-B, Sri Sai Residency, 2-3-450, Nallakunta, Secunderabad-500003, Telangana, India |
|
Date of Birth/Age : |
01.10.1983 |
|
Date of Appointment : |
27.03.2007 |
|
PAN No.: |
AFKPJ7707E |
|
DIN No.: |
00665545 |
|
|
|
|
Name : |
Mr. Ramesh Otarmal Jain |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No.303, Block-B, Sri Sai Residency, 2-3-450, Nallakunta, Secunderabad-500003, Telangana, India |
|
Date of Birth/Age : |
28.08.1957 |
|
Date of Appointment : |
27.03.2007 |
|
PAN No.: |
AACFJ9074H |
|
DIN No.: |
00665556 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Hitesh Ramesh Jain |
|
2567833 |
|
Ramesh Otarmal Jain |
|
2405822 |
|
Chandra R. Jain |
|
66667 |
|
Jatin R. Jain |
|
137667 |
|
Manisha R. Jain |
|
66667 |
|
Ramesh Otarmal Jain HUF |
|
84500 |
|
Rudh Equities And Investment Advisors Private Limited, India |
|
482592 |
|
Rupesh Soni |
|
50324 |
|
Radhika Soni |
|
50324 |
|
Total |
|
5912396 |
|
Names of Preference Shareholders |
|
|
|
Outlook Landmark Private Limited, India |
|
270833 |
|
Golden Beach Inforacon Private Limited, India |
|
208333 |
|
Subhlink Real Estate Private Limited, India |
|
62500 |
|
Random Realtors Private Limited, India |
|
83333 |
|
Creatoz Builder Private Limited, India |
|
416666 |
|
Faith Realtors Private Limited, India |
|
208333 |
|
Scarlette Trading and Services Private Limited, India |
|
145833 |
|
Proper Buildcon Private Limited |
|
91666 |
|
Dallas Traders and Developers Private Limited |
|
416666 |
|
Total |
|
1904163 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of designing,
manufacturing and marketing of all Aluminum Stranded Conductors (AAC), All Aluminum
Alloy Stranded Conductors (AAAC), All Aluminum Conductors Galvanized Steel
reinforced (ACSR), Double paper covered (DPC) Wires and Strips cables, Aerial
Bunched (AB) Cables and Power Cables and Bare Aluminium/Aluminium Alloy Wires
and strips and submersible copper wires. |
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Products : |
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||||
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||||
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Brand Names : |
‘RECC’ |
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · Centurion Bank of Punjab Limited Pawani Plaza Commercial Complex, 6-3-698/A, Panjagutta, Hyderabad - 500082, Telangana, India |
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Facilities : |
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Financial
Institution : |
Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Sreekanth and Company Chartered Accountants |
|
Address : |
H.No.8-2-103, Kummaraguda, Secunderabad-500003, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
BXVPS2584N |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
5,000,000 |
Preference Shares |
Rs.10/- each |
Rs. 50.000
Million |
|
|
Total |
|
Rs. 110.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,912,396 |
Equity Shares |
Rs.10/- each |
Rs. 59.124
Million |
|
1,904,163 |
Preference Shares |
Rs.10/- each |
Rs. 19.042
Million |
|
|
Total |
|
Rs. 78.166 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 |
78.166 |
78.166 |
58.324 |
|
(b) Reserves & Surplus |
276.098 |
187.619 |
83.297 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
47.500 |
2.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
401.764 |
267.785 |
141.621 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
227.119 |
143.550 |
84.411 |
|
(b) Deferred tax liabilities (Net) |
4.174 |
4.295 |
1.435 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
231.293 |
147.845 |
85.846 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
374.146 |
329.731 |
195.526 |
|
(b) Trade payables |
301.053 |
178.468 |
148.024 |
|
(c) Other
current liabilities |
3.672 |
8.780 |
5.624 |
|
(d) Short-term
provisions |
35.000 |
34.350 |
17.500 |
|
Total Current
Liabilities (4) |
713.871 |
551.329 |
366.674 |
|
|
|
|
|
|
TOTAL |
1346.928 |
966.959 |
594.141 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
150.087 |
137.470 |
63.189 |
|
(ii)
Intangible Assets |
0.104 |
0.005 |
0.009 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
17.258 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.711 |
6.889 |
10.107 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
154.902 |
144.364 |
90.563 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
256.290 |
161.737 |
114.931 |
|
(c) Trade
receivables |
766.311 |
558.153 |
324.076 |
|
(d) Cash
and cash equivalents |
59.362 |
41.889 |
28.820 |
|
(e)
Short-term loans and advances |
92.210 |
46.720 |
31.936 |
|
(f) Other current
assets |
17.853 |
14.096 |
3.815 |
|
Total
Current Assets |
1192.026 |
822.595 |
503.578 |
|
|
|
|
|
|
TOTAL |
1346.928 |
966.959 |
594.141 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
4622.550 |
4126.819 |
2131.379 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
4376.045 |
3945.639 |
2036.987 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
246.505 |
181.180 |
94.392 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST AND OTHER
FINANCIAL CHARGES (D) |
95.775 |
49.623 |
21.803 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
150.730 |
131.557 |
72.589 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
18.791 |
8.043 |
7.082 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
131.939 |
123.514 |
65.507 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
43.460 |
45.851 |
21.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
88.479 |
77.663 |
43.687 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
12.46 |
10.94 |
NA |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.773 |
7.229 |
5.263 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(20.530) |
(120.723) |
(78.179) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
1.91 |
1.88 |
2.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/ Total Income) |
(%) |
5.33 |
4.39 |
4.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.80 |
12.77 |
11.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.46 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.50 |
1.79 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.49 |
1.37 |
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 |
58.324 |
78.166 |
78.166 |
|
Reserves & Surplus |
83.297 |
187.619 |
276.098 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
2.000 |
47.500 |
|
Net
worth |
141.621 |
267.785 |
401.764 |
|
|
|
|
|
|
long-term borrowings |
84.411 |
143.550 |
227.119 |
|
Short term borrowings |
195.525 |
329.731 |
374.146 |
|
Current maturities of
long-term debts |
5.263 |
7.229 |
1.773 |
|
Total
borrowings |
285.199 |
480.510 |
603.038 |
|
Debt/Equity
ratio |
2.014 |
1.794 |
1.501 |
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) |
|
Total Income |
2131.379 |
4126.819 |
4622.550 |
|
|
|
93.622 |
12.012 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2131.379 |
4126.819 |
4622.550 |
|
Profit |
43.687 |
77.663 |
88.479 |
|
|
2.05% |
1.88% |
1.91% |
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 |
No |
|
17] |
Details of sister concerns |
No |
|
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 |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS AND
GENERAL REVIEW
During the year the company has clocked net turnover and other income of Rs.4622.550 Million compared to Rs.4126.819 Million in the previous year and earned a net profit before taxes of Rs.131.939 Million during the year as against previous year profit of Rs 123.514 Million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
92.767 |
41.520 |
|
Loans and advances from related parties |
63.841 |
33.707 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
26.422 |
23.079 |
|
|
|
|
|
Total |
183.030 |
98.306 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10524240 |
30/08/2014 |
18,000,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne,
Navi Mumbai, Maharashtra - 400710, INDIA |
C26455162 |
|
2 |
10465913 |
16/12/2013 |
150,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPR,VYPARI PETH, KOLHAPUR, Maharashtra - 416001, INDIA |
B91867200 |
|
3 |
10465911 |
14/12/2013 |
150,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, VYPARI PETH, KOLHAPUR, Maharashtra - 416001, INDIA |
B91866525 |
|
4 |
10460009 |
13/11/2013 |
10,000,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne,
Navi Mumbai, Maharashtra - 400710, INDIA |
B89463137 |
|
5 |
10457306 |
31/10/2013 |
17,275,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA |
B88425657 |
|
6 |
10424428 |
07/04/2014 * |
648,000,000.00 |
STATE BANK OF INDIA |
R-II, SALES HUB, BIBLE HOUSE (R.P.ROAD) BRANCH, SECUNEDRABAD,
Telangana - 500003, INDIA |
C15847726 |
|
7 |
10354152 |
16/03/2012 |
4,025,989.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA |
B39097860 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Guarantees |
300.140 |
57.533 |
|
Other money for which company is contingently liable |
47.583 |
157.036 |
FIXED ASSETS
- Land
- Building
- Furniture and fixture
- Vehicle
- Computer
- Office equipment
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.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.