MIRA INFORM REPORT
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Report No. : |
350701 |
|
Report Date : |
23.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIMAX IT INFRASTRUCTURE AND SERVICES LIMITED (w.e.f. 21.04.2008) |
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Formerly Known
As : |
TRIMAX COMPUTERS LIMITED (w.e.f. 30.03.2005) TRIMAX COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Universal Mill Building, Asha Usha, Compound, Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai-400079, Maharashtra |
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Tel. No.: |
91-22-40681000/ 40681001 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.08.1995 |
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Com. Reg. No.: |
11-091944 |
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Capital
Investment / Paid-up Capital : |
Rs. 422.694 Million |
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CIN No.: [Company Identification
No.] |
U30000MH1995PLC091944 |
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IEC No.: |
0306083124 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACT3858L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is in the business of providing IT Products Solution and Services (Hardware and Software) for Turnkey Projects and Customized Sales. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
A (59) |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Trimax, was incorporated in the year 1995, and it is engaged in the business of implementing solutions for System Integration (SI), networking services, software development services, Information Technology (IT) services including facility management, annual maintenance and remote infrastructure management. The rating on company’s derive strength from the long track record in system integration and networking services, its experienced promoters and management, diversified customer base, the series of equity infusions witnessed over the past years and comfortable capital structure. Rating further takes consideration on company’s robust financial risk profile marked by heathy operating profitability, negligible debt and strong liquidity. The ratings are, however, constrained by working capital requirements and the prevalent competition in the system integration and managed IT services segments. 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 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 |
CARE |
|
Rating |
Long term bank facilities : A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March, 2015 |
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Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
March, 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. Chandra Prakash Sohanlal |
|
Designation : |
Chief Financial Officer |
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Contact No.: |
91-22-40681000 |
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Date : |
20.11.2015 |
LOCATIONS
|
Registered /
Corporate Office 1 : |
2nd Floor, Universal Mill Building,
Asha Usha Compound, Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai -
400079, Maharashtra, India |
|
Tel. No.: |
91-22-40681000/ 40681001 |
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Mobile No.: |
91-9987085520 (Mr. Giridhari Mangal) |
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Fax No.: |
91-22-40681001 / 40681008 / 40681002 |
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E-Mail : |
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Website : |
http://www.trimax.in |
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|
|
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Data Centers : |
Mumbai Reliable Tech Park, 201/202, 2nd Floor, ‘A’ Wing, Thane Belapur Road, Airoli, Navi Mumbai – 400 708, Thane, Maharashtra, India Bangalore F-21, ITI Complex, ITI Limited, Dooravani Nagar, Bangalore – 560 016, Karnataka, India |
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Branch Offices : |
Located At: · Ahmedabad · Bangalore · Chandigarh · Coimbatore · Dehradun · Delhi · Gurgaon · Jaipur · Jammu · Kolkata · Ludhiana · Lucknow · Patna |
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Other Offices : |
Located At :
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DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Suryaprakash Sohanlal Madrecha |
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Designation : |
Chairman cum Managing Director |
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Address : |
22, Maniyar Building, B Wing, 3rd Floor, Tardeo, Mumbai – 400034,
Maharashtra, India |
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Date of Birth/Age : |
26.02.1972 |
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Qualification : |
Bachelor of Science |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AAHPM4142J |
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DIN No.: |
00232283 |
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|
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Name : |
Mr. Chandra Prakash Sohanlal Madrecha |
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Designation : |
Joint Managing Director |
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Address : |
22, Maniyar Building, B Wing, 3rd Floor, Tardeo, Mumbai – 400034, Maharashtra, India |
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Date of Birth/Age : |
20.06.1974 |
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Qualification : |
Bachelor of Commerce |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AAGPM3459H |
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DIN No.: |
00233232 |
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|
|
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Name : |
Mr. Vijaykumar Kanhaiyalal Mutha |
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Designation : |
Director |
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Address : |
D/104, 1st Floor, Gitanjali C.H.S, Geeta Nagar, Phase II, Behind Old Petrol Pump, Mira – Bayander Road, Mira Road (East), Thane – 401107, Maharashtra, India |
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Date of Birth/Age : |
04-11-1952 |
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Date of Appointment : |
30.06.2014 |
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DIN No.: |
06887642 |
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|
|
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Name : |
Saha Jagannath Srabani |
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Designation : |
Director |
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Address : |
C 38/ S 13 Kum Kum C.H.S, M.G. Complex, Secotr - 14, Vashi-400703, Maharashtra, India |
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Date of Birth/Age : |
30.11.1968 |
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Date of Appointment : |
30.06.2014 |
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DIN No.: |
06912667 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Surya Prakash Sohanlal Madrecha |
|
2368200 |
|
Chandra Prakash Sohanlal Madrecha |
|
2720000 |
|
Pratik Technologies Private Limited, India |
|
7309200 |
|
Shrey Technologies Private Limited, India |
|
7651800 |
|
Standard Fiscal Markets Private Limited, India |
|
9501000 |
|
Meena Madrecha |
|
228800 |
|
Reena Madrecha |
|
219600 |
|
Sunil Madrecha |
|
1000 |
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Surya Prakash Madrecha – HUF |
|
200 |
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Chandra Prakash Madrecha – HUF |
|
200 |
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Banyan Tree Growth Capital L.L.C. ,Mauritius |
|
3829759 |
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ZPII Trimax Limited ,Mauritius |
|
2512832 |
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ZP India Advisory Private Limited, Trustee of ZP II Trimax Co-Investment Trust, India |
|
841088 |
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Aditya Birla Trustee Company Private Limited, Trustee of Aditya Birla Private Equity Trust, India |
|
4015024 |
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Zephyr Peacock India Fund III Limited, Mauritius |
|
712834 |
|
IL&FS Trust Company Limited, representing Zephyr Peacock India III Fund, a scheme of Zephyr Peacock India Master Trust, in its capacity as a Trustee, India |
|
307865 |
|
Blend Financial Services Limited, India |
|
50000 |
|
Total |
|
42269402 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Venture Capital |
10.23 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
16.69 |
|
Bodies corporate |
59.98 |
|
Directors or relatives of Directors |
13.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of providing IT Products Solution and Services (Hardware and Software) for Turnkey Projects and Customized Sales. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Canara Bank ·
Bank of India, Mumbai Mid Corporate Branch, Bank
of India Building, Mezzanine Floor,70-80, M G Road, Fort, Mumbai-
400001, Maharashtra, India |
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Facilities : |
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Financial
Institution : |
SBICAP Trustee Company Limited, 202, Maker Tower, 'E', Cuffe Parade,
Colaba, Mumbai - 400005, Maharashtra, India |
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Auditors : |
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Name : |
Haribhakti and Company Chartered Accountants |
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Address : |
701 Leela Business Park Andheri Kurla Road Andheri (East) Mumbai-400059, Maharashtra, India |
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Tel. No.: |
91-22-66729999 |
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Fax No.: |
91-22-66729777 |
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E-Mail : |
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Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFH2010F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary
Companies: |
· Trimax Managed Services Limited (CIN No.: U74999MH2011PLC211910) · Trimax Datacenter Services Limited (CIN No.: U72200MH2008PLC184708) · Resilient Softech Private Limited (CIN No.: U72200MH2000PTC125487) · Trimax IT Infrastructure and Services PTE Limited (Singapore) |
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Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their
relatives : |
(CIN No.: U30000MH2006PTC159087)
(CIN No.: U72100MH2006PTC159139)
(CIN No.: U67120MH2008PTC185570) |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 550.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42,269,402 |
Equity Shares |
Rs.10/- each |
Rs. 422.694
Million |
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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 |
422.694 |
422.694 |
410.446 |
|
(b) Reserves & Surplus |
5429.617 |
4727.708 |
3409.602 |
|
(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) |
5852.311 |
5150.402 |
3820.048 |
|
|
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1476.330 |
1226.734 |
974.777 |
|
(b) Deferred tax liabilities (Net) |
325.845 |
214.781 |
159.274 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
23.319 |
21.352 |
13.327 |
|
Total Non-current
Liabilities (3) |
1825.494 |
1462.867 |
1147.378 |
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1633.533 |
1219.370 |
910.564 |
|
(b) Trade
payables |
4081.608 |
1748.935 |
1413.608 |
|
(c) Other
current liabilities |
1046.442 |
630.508 |
431.024 |
|
(d) Short-term
provisions |
2.262 |
22.344 |
59.809 |
|
Total Current
Liabilities (4) |
6763.845 |
3621.157 |
2815.005 |
|
|
|
|
|
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TOTAL |
14441.650 |
10234.426 |
7782.431 |
|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2086.280 |
1552.798 |
769.214 |
|
(ii)
Intangible Assets |
243.431 |
106.262 |
100.006 |
|
(iii)
Capital work-in-progress |
1035.611 |
661.121 |
381.062 |
|
(iv)
Intangible assets under development |
53.233 |
58.785 |
50.153 |
|
(b) Non-current Investments |
207.750 |
212.032 |
206.782 |
|
(c) Deferred tax assets (net) |
2139.437 |
1111.639 |
888.081 |
|
(d) Long-term Loan and Advances |
24.029 |
24.803 |
32.870 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5789.771 |
3727.440 |
2428.168 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
257.661 |
470.204 |
453.122 |
|
(c) Trade
receivables |
5579.134 |
3759.987 |
2822.702 |
|
(d) Cash
and cash equivalents |
266.498 |
175.049 |
991.565 |
|
(e)
Short-term loans and advances |
2413.426 |
2032.649 |
1053.775 |
|
(f) Other
current assets |
135.160 |
69.097 |
33.099 |
|
Total
Current Assets |
8651.879 |
6506.986 |
5354.263 |
|
|
|
|
|
|
TOTAL |
14441.650 |
10234.426 |
7782.431 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12378.887 |
9983.093 |
7522.462 |
|
|
|
Other Income |
84.675 |
81.026 |
75.791 |
|
|
|
TOTAL (A) |
12463.562 |
10064.119 |
7598.253 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
8700.277 |
6720.490 |
5068.831 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
211.551 |
(13.645) |
(121.488) |
|
|
|
Employees benefits expense |
585.468 |
489.736 |
398.701 |
|
|
|
Other expenses |
823.911 |
710.009 |
474.442 |
|
|
|
TOTAL (B) |
10321.207 |
7906.590 |
5820.486 |
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|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
2142.355 |
2157.529 |
1777.767 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
613.664 |
370.624 |
346.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
1528.691 |
1786.905 |
1431.715 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
411.605 |
241.218 |
203.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1117.086 |
1545.687 |
1228.010 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
415.177 |
505.506 |
405.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
701.909 |
1040.181 |
822.535 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
16.61 |
24.80 |
21.73 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
506.888 |
292.236 |
176.386 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
2127.593 |
236.715 |
149.521 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.67 |
10.42 |
10.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.31 |
21.61 |
23.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.15 |
18.87 |
19.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.30 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
0.53 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.80 |
1.90 |
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 |
410.446 |
422.694 |
422.694 |
|
Reserves & Surplus |
3409.602 |
4727.708 |
5429.617 |
|
Net
worth |
3820.048 |
5150.402 |
5852.311 |
|
|
|
|
|
|
long-term borrowings |
974.777 |
1226.734 |
1476.330 |
|
Short term borrowings |
910.564 |
1219.370 |
1633.533 |
|
Current maturities of
long-term debts |
176.386 |
292.236 |
506.888 |
|
Total
borrowings |
2061.727 |
2738.340 |
3616.751 |
|
Debt/Equity
ratio |
0.540 |
0.532 |
0.618 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7522.462 |
9983.093 |
12378.887 |
|
|
|
32.710 |
23.999 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7522.462 |
9983.093 |
12378.887 |
|
Profit |
822.535 |
1040.181 |
701.909 |
|
|
10.93% |
10.42% |
5.67% |
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 |
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 |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
The Company is in the business of providing IT Products Solution and Services (Hardware and Software) for Turnkey Projects and Customized Sales. It also provides Facility Management Services, Annual Maintenance Contract Services and Behavior and Technical training in Information and Technology. The company also undertakes IT projects from Government bodies under BOO / BOOT basis. It has extended its business presence to the dynamic space of Call Centers and BPO's by providing the complete IT Infrastructure Facility Management Service and Products. The Company operates from Head Office in Mumbai and 12 Regional Offices in India, with service and support facilities across the country.
FINANCIAL HIGHLIGHTS
In the Financial Year 2013-14, the company recorded overall revenue of Rs. 12463.600 Million, as against Rs.10064.100 Million and the Profit after Tax (PAT) of Rs.701.900 Million, as against Rs. 1040.200 Million during previous financial year.
OVERVIEW
The Company is one of the few IT companies in India that provide data centre services, cloud computing services, IT infrastructure services and solutions, application services and turnkey solutions coupled with on-site support Pan India.
SERVICES
The Company follows global best practices in quality assurance, information security and business process management, thus assuring customers of high quality services delivered through mature processes from a secure technology environment.
The portfolio of offerings by the Company comprises the following major capability areas:
a. Data Center and Cloud Services
b. Infrastructure Management Services
c. Intelligent Transportation Solutions
d. Systems Integration and Turnkey Solutions
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances (All other borrowing costs are expensed in the period they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds) |
34.100 |
16.380 |
|
Total |
34.100 |
16.380 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10599328 |
16/10/2015 * |
1,250,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU PLACE, NEW DELHI, NEW DELHI - 110019, INDIA |
C70111158 |
|
2 |
10592300 |
03/07/2015 |
737,000,000.00 |
IDBI Bank Limited |
INDIAN RED CROSS SOCIETY BUILDING, 1, RED CROSS, |
C64839640 |
|
3 |
10539530 |
22/12/2014 |
300,000,000.00 |
Bank of India |
Mumbai Mid Corporate Branch, Bank of India Building, Mezzanine Floor,70-80,
M G Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
C38585352 |
|
4 |
10481643 |
11/02/2014 |
75,000,000.00 |
CORPORATION BANK |
21, DALAL STREET, FORT, MUMBAI, Maharashtra - 400023, INDIA |
B98109606 |
|
5 |
10382100 |
24/07/2015 * |
8,200,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra -
400005, INDIA |
C63659379 |
|
6 |
10335087 |
21/09/2013 * |
572,000,000.00 |
DBS BANK LIMITED |
Upper Ground Floor, Birla Tower,, 25 Barakhamba Road, New Delhi, Delhi
- 110001, INDIA |
B89552665 |
|
7 |
10330963 |
21/09/2013 * |
572,000,000.00 |
DBS BANK LIMITED |
Upper Ground Floor, Birla Tower,, 25 Barakhamba Road, New Delhi, Delhi
- 110001, INDIA |
B89552889 |
|
8 |
10303691 |
01/09/2011 |
23,055,233.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2nd Floor, Brigade South Parade, 10, M.G. Road, Bangalore,
Karnataka - 560001, INDIA |
B19392075 |
|
9 |
10294672 |
01/07/2011 |
5,490,778.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2nd Floor, Brigade South Parade, 10, M.G. Road, Bangalore,
Karnataka - 560001, INDIA |
B16000556 |
|
10 |
10286337 |
01/05/2011 |
8,444,746.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2nd Floor, Brigade South Parade, 10, M.G. Road, Bangalore,
Karnataka - 560001, INDIA |
B12358446 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Guarantees |
685.851 |
1029.554 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
72.170 |
140.246 |
|
Total contingent
liabilities and commitments |
758.021 |
1169.800 |
FIXED ASSETS
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other 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,
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.66.29 |
|
|
1 |
Rs.101.88 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
59 |
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.