MIRA INFORM REPORT
|
Report No. : |
343670 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
FULLERTON INDIA CREDIT COMPANY LIMITED (w.e.f 08.01.2007) |
|
|
|
|
Formerly Known
As : |
DOVE FINANCE LIMITED |
|
|
|
|
Registered Office
: |
Megh Towers, Third Floor, Old No – 307, New No – 165, Poonamallee High
Road, Maduravoyal, Chennai – 600095, Tamilnadu |
|
Tel. No.: |
91-22-6611145 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
30.08.1994 |
|
|
|
|
Com. Reg. No.: |
18-079235 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18586.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65191TN1994PLC079235 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHED02028F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD1707C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is non-banking financial company which provides loans to small
and medium enterprises for working capital and growth, loans for commercial
vehicles and two-wheeler, home improvement loans, loans against property,
personal loans etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
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 |
|
|
|
|
Comments : |
Subject is a step down subsidiary of “Temasek Holdings”, Singapore incorporated on 30th August 1994. It is registered with RBI as a deposit accepting NBFC (NBFC-D-SI) with presence predominantly into retail lending, loan against property (LAP), rural loans and lending to Small and Medium Enterprises (SME). It is well-established company having good track record. During the year ended March 31, 2014 company reported total income of Rs 1,387 crore (vis-à-vis that of Rs. 1,185 crore as on March 31, 2013). The company reported PAT of Rs.187.94 crore (vis-à-vis that of Rs. 151.6 crore as on March 2013). The rating factors in an improvement in profitability and operating efficiencies over the last few years. Further it strengthen on comfortable capital adequacy and liquidity profile as well as diversified product profile. Further, the ratings draw comfort from the company’s strong management team with vast experience in retail finance. Rating continue to drive strength from the parent’s strong brand franchise and managerial support. This rating is partially offset by company accumulated losses over the years which lead diminution of its capital structure and its ability to maintain assets quality and profitability level. However, trade relations are reported to be fair. Business is active. Payment terms are regular and as per commitment. In view of strong support of its holding company and
healthy operational base, the company can be considered normal for business dealings at its
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.
AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Bank Facilities = AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
April 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
April 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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Prashant |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-22-6611145 |
LOCATIONS
|
Registered Office : |
Megh Towers, Third Floor, Old No – 307, New No – 165, Poonamallee High
Road, Maduravoyal, Chennai – 600095, Tamilnadu, India |
|
Tel. No.: |
91-22-6611145 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Unit No. 501/502, B Wing, Supreme Business Park, Sharma Cottage,
Behind Lake Castle, Behind Lake Castle, Hiranandani Gardens, Powai, Mumbai –
400076, Maharashtra, India |
DIRECTORS
AS ON 20.08.2014
|
Name : |
Chee Yen Gan |
|
Designation : |
Director |
|
Address : |
79 Clover Way, Clover Park, Singapore – 579132 |
|
Date of Birth/Age : |
05.04.1959 |
|
Date of Appointment : |
25.08.2011 |
|
DIN No.: |
03602857 |
|
|
|
|
Name : |
Shantanu Mitra |
|
Designation : |
Managing director |
|
Address : |
Flat No. 901, 9th Floor, Raheja Atlantis, C- Wing, G Kadam Marg, Lower Parel, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1954 |
|
Date of Appointment : |
25.08.2011 |
|
DIN No.: |
03019468 |
|
|
|
|
Name : |
Rajeev Kakar |
|
Designation : |
Director |
|
Address : |
P.O. Box 73186, Dubai – 000000, United Arab Emirates |
|
Date of Birth/Age : |
01.07.1963 |
|
Date of Appointment : |
31.08.2009 |
|
DIN No.: |
01888608 |
|
|
|
|
Name : |
Sudha Pillai |
|
Designation : |
Director |
|
Address : |
D-241, Second Floor, Sarvodaya Enclave, New Delhi, 110017, Delhi, India |
|
Date of Birth/Age : |
01.05.1950 |
|
Date of Appointment : |
20.08.2014 |
|
DIN No.: |
02263950 |
|
|
|
|
Name : |
Renu Challu |
|
Designation : |
Director |
|
Address : |
A 34/1, Afochs, Sainikpuri, Secunderabad – 500094, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.01.1952 |
|
Date of Appointment : |
20.08.2014 |
|
DIN No.: |
00157204 |
|
|
|
|
Name : |
Milan Robert Shuster |
|
Designation : |
Director |
|
Address : |
Flat C, 9/ F, Block 3, Tung Chung Cresent, 1 Hing Tung Street, Lantau Island,, Hong Kong – 999077 |
|
Date of Appointment : |
30.12.2014 |
|
DIN No.: |
07022462 |
|
|
|
|
Name : |
Boon Leng Quah |
|
Designation : |
Director |
|
Address : |
35 Amber Gardens, #08-12 The Esta,, Singapore – 439966 |
|
Date of Appointment : |
20.05.2015 |
|
DIN No.: |
07179598 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant |
|
Designation : |
Assistant Manager |
|
|
|
|
Name : |
Pankaj Malik |
|
Designation : |
Secretary |
|
Address : |
906, Fiorello, Nahar Amrit Shakti, Chandivali, Andheri East, Mumbai – 400072, Maharashtra, India |
|
Date of Appointment : |
01.05.2011 |
|
PAN No.: |
AFAPM5855J |
|
|
|
|
Name : |
Pratik Gandhi |
|
Designation : |
CFO |
|
Address : |
1804 A-Wing, Avalon CHS, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Appointment : |
04.12.2014 |
|
PAN No.: |
AFWPG2626K |
MAJOR SHAREHOLDERS
AS ON 20.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Angelica investments Pte. Limited |
|
1773404994 |
|
M/s. Fullerton Financial Holding Pte. Limited |
|
85256357 |
|
Mr. Shantanu Mitra Jointly with M/s. Angelica Investments Pte. Limited |
|
1 |
|
Mr. Ajay Pareek Jointly with M/s. Angelica Investments Pte. Limited |
|
1 |
|
Mr. Swaminathan Subramanian Jointly with Angelica Investments Pte. Limited |
|
1 |
|
Mr. Rajesh Krishnamoorthy Jointly with Angelica Investments Pte. Limited |
|
1 |
|
Mr. Pankaj Malik Jointly with Angelica Investments Pte. Limited |
|
1 |
|
Mr. Deepak Patkar Jointly with Angelica Investments Pte. Limited |
|
1 |
|
|
|
|
|
Total |
|
1858661357 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.08.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is non-banking financial company which provides loans to small
and medium enterprises for working capital and growth, loans for commercial
vehicles and two-wheeler, home improvement loans, loans against property,
personal loans etc. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
|
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No. of Employees : |
Information declined by the management |
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Bankers : |
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|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S R Batiboi and Company Chartered Accountant |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar
(West), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9180N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000000 |
Equity Shares |
Rs.10/- each |
Rs. 25000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1858661357 |
Equity Shares |
Rs.10/- each |
Rs.
18586.600 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
18586.600 |
18586.600 |
17086.600 |
|
(b) Reserves & Surplus |
(5922.700) |
(7802.100) |
(9318.700) |
|
(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) |
12663.900 |
10784.500 |
7767.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33413.000 |
24263.200 |
9764.600 |
|
(b) Deferred tax liabilities (Net) |
350.800 |
52.600 |
125.300 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
500.000 |
318.900 |
278.800 |
|
Total Non-current
Liabilities (3) |
34263.800 |
24634.700 |
10168.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8320.000 |
11238.100 |
18415.800 |
|
(b) Trade
payables |
17206.900 |
9396.400 |
0.000 |
|
(c) Other
current liabilities |
227.000 |
140.400 |
9543.500 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
63.900 |
|
Total Current
Liabilities (4) |
25753.900 |
20774.900 |
28023.200 |
|
|
|
|
|
|
TOTAL |
72681.600 |
56194.100 |
45959.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
230.200 |
209.200 |
272.500 |
|
(ii)
Intangible Assets |
163.300 |
213.100 |
233.500 |
|
(iii) Capital
work-in-progress |
49.500 |
17.700 |
4.800 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
20.700 |
20.700 |
897.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
40776.900 |
29884.800 |
23553.000 |
|
(e) Other
Non-current assets |
525.500 |
381.500 |
240.700 |
|
Total Non-Current
Assets |
41766.100 |
30727.000 |
25201.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
4174.700 |
3651.100 |
2712.800 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
26.800 |
13.900 |
2.900 |
|
(d) Cash
and cash equivalents |
3869.300 |
3064.600 |
4158.100 |
|
(e)
Short-term loans and advances |
21540.700 |
17773.700 |
13094.800 |
|
(f) Other
current assets |
1304.000 |
963.800 |
789.700 |
|
Total
Current Assets |
30915.500 |
25467.100 |
20758.300 |
|
|
|
|
|
|
TOTAL |
72681.600 |
56194.100 |
45959.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
13283.200 |
11523.700 |
9758.000 |
|
|
Other Income |
592.900 |
322.200 |
142.000 |
|
|
TOTAL |
13876.100 |
11845.900 |
9900.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
2548.000 |
2236.200 |
2334.800 |
|
|
Other expenses |
2171.900 |
2319.400 |
2172.500 |
|
|
Provision write off |
1448.400 |
1258.700 |
1301.500 |
|
|
TOTAL |
6168.300 |
5814.300 |
5808.800 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
7707.800 |
6031.600 |
4091.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5616.700 |
4258.500 |
3322.500 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2091.100 |
1773.100 |
768.700 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
211.700 |
256.400 |
276.800 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1879.400 |
1516.700 |
491.900 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(6.000) |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1879.400 |
1516.700 |
497.900 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.01 |
0.82 |
0.27 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
12926.400 |
6046.900 |
6762.300 |
|
Cash generated from operations |
(11901.600) |
(8526.500) |
(4157.100) |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
14.15 |
13.16 |
5.10 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
58.03 |
52.34 |
41.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.59 |
2.70 |
1.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.14 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.30 |
3.29 |
3.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.23 |
0.74 |
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 |
17086.600 |
18586.600 |
18586.600 |
|
Reserves & Surplus |
(9318.700) |
(7802.100) |
(5922.700) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7767.900 |
10784.500 |
12663.900 |
|
|
|
|
|
|
long-term borrowings |
9764.600 |
24263.200 |
33413.000 |
|
Short term borrowings |
18415.800 |
11238.100 |
8320.000 |
|
Current Maturities of Long
Term Debt |
6762.300 |
6046.900 |
12926.400 |
|
Total
borrowings |
34942.700 |
41548.200 |
54659.400 |
|
Debt/Equity
ratio |
4.498 |
3.853 |
4.316 |
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 |
9758.000 |
11523.700 |
13283.200 |
|
|
|
18.095 |
15.269 |
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 |
9758.000 |
11523.700 |
13283.200 |
|
Profit |
497.900 |
1516.700 |
1879.400 |
|
|
5.10% |
13.16% |
14.15% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Indian rupee loan from banks |
1150.000 |
0.000 |
|
Debentures |
2750.000 |
2500.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
7274.900 |
9755.800 |
|
Total |
11174.900 |
12255.800 |
|
|
|
|
LITIGATION DETAILS
|
Madras High Court Case Status Information System Case
Status : Pending Status
of : ORIGINAL PETITION 244 OF 2015 Litigants:
MESSERS. CSM ENTERPRISES Vs. FULLERTON INDIA CREDIT COMPANY LIMITED Pet’s
Adv.: S. RATNASABAPATHY Res’s
Adv.: S. NAMASIVAYAM Last
of Date of Hearing: ----- Next/
Final 13.08.2015 Category: Sec. 34 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10571412 |
03/06/2015 * |
4,500,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First
Floor, Plot No. 85, S. No. 94 & Maharashtra - 411038, INDIA |
C57311557 |
|
2 |
10570902 |
11/06/2015 * |
3,000,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First Floor, Plot No. 85, S. No. 94 & 95, Bhusari Colony (Right), Kothrud, Pune, Maharashtra - 411038, INDIA |
C56655228 |
|
3 |
10552701 |
05/05/2015 * |
2,000,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First Floor, Plot No. 85, S. No. 94 & 95, Bhusari Colony (Right), Kothrud, Pune, Maharashtra - 411038, INDIA |
C54842893 |
|
4 |
10535887 |
30/01/2015 * |
3,000,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First Floor, Plot No. 85, S. No. 94 & 95, Bhusari Colony (Right), Kothrud, Pune, Maharashtra - 411038, INDIA |
C44425528 |
|
5 |
10525784 |
24/11/2014 * |
2,000,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First Floor, Plot No. 85, S. No. 94 & 95, Bhusari Colony (Right), Kothrud, Pune, Maharashtra - 411038, INDIA |
C36260610 |
|
6 |
10510212 |
23/06/2014 |
1,500,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First
Floor, Plot No. 85, S. No. 94 & Maharashtra - 411038, INDIA |
C11636123 |
|
7 |
10484043 |
03/07/2015 * |
58,850,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra - 400051, INDIA |
C59892604 |
|
8 |
10460154 |
10/04/2014 * |
2,750,000,000.00 |
GDA TRUSTEESHIP LIMITED |
GDA House, First Floor, Plot No. 85, S. No. 94 & 95, Bhusari Colony (Right), Kothrud, Pune, Maharashtra - 411038, INDIA |
C05126222 |
|
9 |
10454089 |
03/10/2013 |
1,500,000,000.00 |
GDA Trusteeship Limited |
GDA House, First
Floor, Plot No.85,, S.No.94 & 95 Maharashtra - 411038, INDIA |
B87064911 |
|
10 |
10448141 |
19/08/2013 |
400,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra - 400051, INDIA |
B84597079 |
* Date of charge modification
FIXED ASSETS
- Office
Equipments
- Furniture and
Fixtures
- Computer and
Accessories
- Leasehold
Improvement
- Land and
Building
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 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. 65.74 |
|
UK Pound |
1 |
Rs. 99.53 |
|
Euro |
1 |
Rs. 73.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
58 |
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.