MIRA
INFORM REPORT
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Report No. : |
347180 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
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Registered
Office : |
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Tel. No.: |
91-22-29770000 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.03.1997 |
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Com. Reg. No.: |
04-031906 |
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Capital
Investment / Paid-up Capital : |
Rs. 3220.000 Million |
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CIN No.: [Company Identification
No.] |
U45102GJ1997PLC031906 |
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IEC No.: |
2497001405 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCR3878B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Port Infrastructure
Services (Including services to SEZ Units and Developers) |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (80) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Reliance Ports and
Terminals Limited is a subsidiary of Reliance Industries holdings Private
limited It is an established company
incorporated in the year 1997 having excellent track. Management of the
company has changed its financial year from June 2013 to March 2014 ranging
from (July 2013 to March 2014) for 9 months. As per the available
financial of 2014, the company possesses a strong financial risk profile
marked by healthy networth base and comfortable liquidity position of the
company. Fundamentals of the
company are strong and healthy. Further, the rating
also takes into consideration rich experience of its promoters, long
established track and strong operating efficiency of the company The company also
receives strong operational and financial support from its holding company. The rating also derives
comfort from strong operational linkages resulting from the strategic
importance of company’s port facilities Trade relations are
reported as trustworthy. Business is active. Payments terms are reported as
regular and as per commitment. In view of the aforesaid, 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 |
CARE |
|
Rating |
Long Term Bank Facilities = AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
25.09.2015 |
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
Management non-cooperative [91-22-29770000]
LOCATIONS
|
Registered Office : |
Admin Building, MTF Area, Village Sikka, Taluka and District Jamnagar
- 361140, Gujarat, India |
|
Tel. No.: |
91-22-29770000 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Raja Kolumum Ramachandran |
|
Designation : |
Director |
|
Address : |
1703/ 1704, Building 1, Raheja Classique, New Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
19.12.1956 |
|
Qualification : |
B Sc, CA, ICWA |
|
Date of Appointment : |
29.12.2007 |
|
DIN No.: |
00006673 |
|
|
|
|
Name : |
Bhadri Prasad Yepuri |
|
Designation : |
Director |
|
Address : |
Sector No. 22, House No. 25/D, Reliance Greens, Motikhavdi, Jamnagar –
361142, Gujarat, India |
|
Date of Birth/Age : |
02.01.1958 |
|
Qualification : |
B.Tech (Chemical) |
|
Date of Appointment : |
30.03.2013 |
|
DIN No.: |
06526111 |
|
|
|
|
Name : |
Natarajan Gnanaskandan Tanjore |
|
Designation : |
Director |
|
Address : |
B-10, Prarthna Alok, Next To H L Commerce College, Ahmedabad - 380009, Gujarat, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
00013939 |
|
|
|
|
Name : |
Seetharaman Anantharaman |
|
Designation : |
Director |
|
Address : |
74, 75, 30 Feet Road, Krishnasamy Nagar, Ramanathapuram, Coimbatore - 641045, Tamilnadu, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
00178723 |
|
|
|
|
Name : |
Geeta Kalyandas Fulwadaya |
|
Designation : |
Director |
|
Address : |
E–51, Jharokha II, Kalptaru Vatika, Akurli Road, Opposite ESIS
Hospital, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1980 |
|
Date of Appointment : |
20.03.2006 |
|
PAN No.: |
AAFPF7961G |
KEY EXECUTIVES
|
Name : |
Mr. Vishvanath Rachappa Indi |
|
Designation : |
Manager |
|
Address : |
Reliance Greens House No. 26, Sector 3, Village Motikhavdi, P.O.
Digvijaygram, Jamnagar - 361140, Gujarat, India |
|
Date of Birth/Age : |
17.03.1959 |
|
Qualification : |
MBA-Finance, MTech-Civi, BTech-Civil |
|
Date of Appointment : |
01.05.2007 |
|
PAN No: |
AADPI6022K |
|
|
|
|
Name : |
Kalpana Srinivasan |
|
Designation : |
Secretary |
|
Address : |
Flat No. 402, Sumeet Chhaya, Plot A - 213,, Sector - 20, Nerul,, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Appointment : |
31.03.2015 |
|
PAN No: |
AHLPS4930M |
|
|
|
|
Name : |
Ritesh Shiyal |
|
Designation : |
Chief Finacial Officer |
|
Address : |
404, 4th Floor, Surabhi Chs Limited, Savarkar Nagar, Thane - 400606, Maharashtra, India |
|
Date of Appointment : |
16.03.2015 |
|
PAN No: |
AHPPS3794R |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Industries Holding Private Limited, India |
|
639999999 |
|
Mittal Rajeev jointly with Reliance Industries Holding Private Limited, India |
|
1 |
|
Dandekar Sanjeev jointly with Reliance Industries Holding Private Limited, India |
|
1 |
|
Shah Priyen jointly with Reliance Industries Holding Private Limited, India |
|
1 |
|
Reliance Property Management Services Private Limited jointly with Reliance Industries Holding Private Limited, India |
|
1 |
|
Vora Hitesh jointly with Reliance Industries Holding Private Limited, India |
|
1 |
|
Parikh Satish jointly with Reliance Industries Holding Private Limited , India |
|
1 |
|
Total |
|
640000005 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Port
Infrastructure Services (Including services to SEZ Units and Developers) |
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Products : |
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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 : |
Information declined by the management
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Bankers : |
· UTI Bank Limited, Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India · The Industrial Reconstruction Bank of India, Netaji Subhas Road, Kolkata– 700001, West Bengal ,India
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Facilities : |
(Rs.
In Million)
|
|
Financial Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai - 400025, Maharashtra, India |
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|
|
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Auditors : |
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|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC0662N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
· Reliance Industries Holding Private Limited, India CIN No.: U65923MH2007PTC168016 |
|
|
|
|
Fellow Subsidiary
company: |
· Relcom Venture Capital Private Limited, India [U74999MH2000PTC126923] Reliance Utilities and Power Private Limited, India
[U40100GJ1991PTC051130] Reliance Consolidated Holdings Private Limited, India
[U65999MH2007PTC168431] Reliance Investment And Trading Private Limited, India
[U67120MH2007PTC168436] Antilia Commercial Private Limited, India
[U51900MH2000PTC125501] Vibrant Advertising Private Limited, India
[U74300GJ1988PTC010703] Relpol Plastics Products Private Limited, India
[U99999MH1998PTC115579] |
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|
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Subsidiary company: |
· Reliance Utilities Private Limited, India [U99999GJ2000PTC050444] |
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Associate; |
· Reliance Industries Limited, India [L17110MH1973PLC019786] Reliance Global Holding Private Limited, Singapore |
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·
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Other Related
Party: |
· Akshaj Enterprises LLP |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000000 |
Equity Shares |
Rs.1/- each |
Rs. 50000.000 Million |
|
2500000000 |
Preference Shares |
Rs.10/- each |
Rs.250000.000 Million |
|
|
Total |
|
Rs.
2550000.000Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000000 |
Equity Shares |
Rs.1/- each |
Rs.2750.000
Million |
|
47000000 |
Preference Shares |
Rs.10/- each |
Rs.470.000
Million |
|
|
Total |
|
Rs.3220.000 Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
30.06.2013 |
30.06.2012 |
|
|
(9. Months) |
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3220.000 |
3220.000 |
3220.000 |
|
(b) Reserves &
Surplus |
109974.400 |
109932.700 |
109972.000 |
|
(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) |
113194.400 |
113152.700 |
113192.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
81975.100 |
98695.100 |
62764.400 |
|
(b) Deferred tax
liabilities (Net) |
11047.700 |
10500.000 |
10684.100 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
9580.600 |
5911.700 |
2755.200 |
|
Total Non-current
Liabilities (3) |
102603.400 |
115106.800 |
76203.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1262.500 |
1058.600 |
3056.500 |
|
(c) Other current
liabilities |
36594.900 |
22957.200 |
33627.200 |
|
(d) Short-term provisions |
275.700 |
87.600 |
2804.100 |
|
Total Current Liabilities
(4) |
38133.100 |
24103.400 |
39487.800 |
|
|
|
|
|
|
TOTAL |
253930.900 |
252362.900 |
228883.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34973.400 |
44486.400 |
60921.900 |
|
(ii) Intangible Assets |
20.700 |
25.900 |
32.800 |
|
(iii) Capital
work-in-progress |
1232.700 |
854.300 |
905.400 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
53939.300 |
53799.300 |
43227.700 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
126650.300 |
99943.000 |
92008.400 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
216816.400 |
199108.900 |
197096.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
32337.400 |
40677.000 |
4980.200 |
|
(b) Inventories |
1609.100 |
1915.700 |
1881.500 |
|
(c) Trade receivables |
1318.600 |
2184.300 |
5065.300 |
|
(d) Cash and cash
equivalents |
65.000 |
82.400 |
126.500 |
|
(e) Short-term loans and
advances |
1687.700 |
8217.600 |
19542.200 |
|
(f) Other current assets |
96.700 |
177.000 |
191.600 |
|
Total Current Assets |
37114.500 |
53254.000 |
31787.300 |
|
|
|
|
|
|
TOTAL |
253930.900 |
252362.900 |
228883.500 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
30.06.2013 |
30.06.2012 |
|
|
|
(9. Months) |
|
|
|
|
SALES |
|
|
|
|
|
Income |
26664.900 |
39118.000 |
48451.200 |
|
|
Other Income |
1502.200 |
876.800 |
960.200 |
|
|
TOTAL (A) |
28167.100 |
39994.800 |
49411.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
91.900 |
85.000 |
48.600 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.600 |
1.000 |
14.300 |
|
|
Employees benefits
expense |
186.700 |
915.800 |
2447.900 |
|
|
Other expenses |
10096.200 |
12495.000 |
25641.700 |
|
|
TOTAL (B) |
10375.400 |
13496.800 |
28152.500 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
17791.700 |
26498.000 |
21258.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
5593.000 |
6304.900 |
7580.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12198.700 |
20193.100 |
13678.400 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9626.000 |
17392.400 |
14872.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
2572.700 |
2800.700 |
(1194.000) |
|
|
|
|
|
|
|
Less |
TAX (H) |
2531.000 |
2840.000 |
790.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
41.700 |
(39.300) |
(1984.000) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.02 |
(0.01) |
(50.08) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
30.06.2013 |
30.06.2012 |
|
|
(9. Months) |
|
|
|
Current Maturities of Long term debt |
20935.900 |
10098.800 |
18674.600 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
22157.000 |
272004.000 |
(3196.100) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
30.06.2013 |
30.06.2012 |
|
|
|
(9. Months) |
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
0.16 |
(0.10) |
(4.09) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
66.72 |
67.74 |
43.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.29 |
1.42 |
(0.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
0.96 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
2.21 |
0.80 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.06.2012 |
30.06.2013 |
31.03.2014 (9 Months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
3220.000 |
3220.000 |
3220.000 |
|
Reserves & Surplus |
109972.000 |
109932.700 |
109974.400 |
|
Net worth |
113192.000 |
113152.700 |
113194.400 |
|
|
|
|
|
|
long-term borrowings |
62764.400 |
98695.100 |
81975.100 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
18674.600 |
10098.800 |
20935.900 |
|
Total borrowings |
81439.000 |
108793.900 |
102911.000 |
|
Debt/Equity ratio |
0.719 |
0.961 |
0.909 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.06.2012 |
30.06.2013 |
31.03.2014 (9 Months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
48451.200 |
39118.000 |
26664.900 |
|
|
|
(19.263) |
(31.835) |
NET PROFIT MARGIN
|
Net Profit Margin |
30.06.2012 |
30.06.2013 |
31.03.2014 (9 Months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
48451.200 |
39118.000 |
26664.900 |
|
Profit/ (Loss) |
(1984.000) |
(39.300) |
41.700 |
|
|
(4.09%) |
(0.10%) |
0.16% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
NOTE: Registered office of the company has been shifted from Village Megpar / Padana, Taluka Lalpur, District Jamnagar - 361140, Gujarat, India to the present address w.e.f. 16.07.2008
FINANCIAL RESULTS:
During the period, the profit before tax is Rs. 2572.700 million as against Rs. 2800.700 million in the previous year. The net profit during the period is Rs. 41.700 million as against loss of Rs. 39.300 million in the previous year. An amount of Rs. 41.700 million is transferred to Debenture Redemption Reserve by the Company during the period.
OPERATIONS:
The Company has continued to provide seamless port services to the refineries of Reliance Industries Limited at Jamnagar. During the period under review, 1164 vessels were handled at the port facilities of the Company with ~ 88.93 million tonnes of crude, petroleum and petrochemical products.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 (9
months) |
As
on 30.06.2013 |
|
LONG TERM
BORROWING |
|
|
|
Non-convertible debentures others |
5000.000 |
5000.000 |
|
Total |
5000.000 |
5000.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10447220 |
02/12/2013 * |
40,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B90560368 |
|
2 |
10314624 |
15/10/2011 |
25,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLOOR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B23953987 |
|
3 |
10074361 |
19/04/2012 * |
23,000,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, 2E, BOMBAY DYEING MILLS COMPOUND, PB MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B39413943 |
|
4 |
10004050 |
28/03/2006 |
6,000,000,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
A00354126 |
|
5 |
90211642 |
22/05/1987 |
5,300,000.00 |
THE INDUSTRIAL RECONSTRUCTION BANK OF INDIA |
NETAJI SUBHAS ROAD, CALCUTTA, WEST BENGAL - 700001 , INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
25.600 |
26.100 |
|
Guarantees |
3177.900 |
3118.000 |
|
Other money for which company is contingently liable |
09.800 |
09.800 |
FIXED ASSETS
Tangible Assets
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Motor
Vehicles
Office
Equipment
Other
Equipments
Leasehold
Improvements
Intangible Assets
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
UK Pound |
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
80 |
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.