MIRA INFORM REPORT
|
Report No. : |
340201 |
|
Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRENT HYPERMARKET LIMITED |
|
|
|
|
Registered
Office : |
Taj Building, 2nd Floor, 210, D. N. Road, Fort, Mumbai – 400001,
Maharashtra |
|
Tel. No.: |
91-22-6700800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.07.2008 |
|
|
|
|
Com. Reg. No.: |
11-184184 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2227.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PLC184184 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT14830E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT9803D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The main business of the company is retailing. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
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 : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Trent Limited. It is a Tata Group Company. It’s
an established company having good track. As per profit and loss statement of 2014, company has incurred
operational loss. However, company gets strong financial support from its parent
companies. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. In the view of strong holding company, subject can be considered
normal for business dealings at usual trade terms and conditions. Note: Balance Sheet of
Financial Year 2014 could not be available from any source. |
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 Rating = AA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
October 17, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
October 17, 2014 |
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
Management non co-operative (Tel. No.: 91-22-67008000)
LOCATIONS
|
Registered Office : |
Taj Building, 2nd Floor, 210, D. N. Road, Fort, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-67194500 |
|
Fax No.: |
91-22-22070216 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Trent House, G Block, Plot No C/60 Bandra Kurla Complex Bandra East,
Mumbai – 400051, Maharashtra, India |
DIRECTORS
AS ON 28.07.2014
|
Name : |
Mr. Noel Tata |
|
Designation : |
Chairman |
|
Address : |
Windmere, 55, Cufe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1956 |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
00024713 |
|
|
|
|
Name : |
Mr. Venkatesalu Palaniswamy |
|
Designation : |
Director |
|
Address : |
Tata Colony, Falcon Crest Flat# 102, G.D. Ambekar Marg, Parel, Mumbai
– 400017, Maharashtra, India |
|
Date of Birth/Age : |
03.07.2008 |
|
Date of Appointment : |
01.07.2008 |
|
DIN No.: |
02190892
|
|
|
|
|
Name : |
Mr. Aspy Cooper |
|
Designation : |
Indenpedent Director |
|
Address : |
Flat No. 502,Wing-A, 5th Floor, Vivarea Tower, Sane Guruji
Marg, Jacob Circle, Mahalakshmi, Mumbai – 400 011 |
|
Date of Birth/Age : |
23.08.1940 |
|
Date of Appointment : |
28.07.2014 |
|
PAN No.: |
00026134 |
|
|
|
|
Name : |
Mr. Matthew Peter Edmonds |
|
Designation : |
Director |
|
Address : |
162, Sukumvit 33 Alley Room R5AB, F5 Floor Raveevan Tan Nuee,
Vandhana, Bangkok |
|
Date of Birth/Age : |
03.05.1972 |
|
Date of Appointment : |
03.06.2014 |
|
DIN No.: |
06878575 |
|
|
|
|
Name : |
Trevor John Masters |
|
Designation : |
Director |
|
Address : |
Blomfield House, Gliston Park, Gilston, Hertfordhire, CM20 2RG United
Kingdom |
|
Date of Birth/Age : |
10.03.1963 |
|
Date of Appointment : |
03.06.2014 |
|
DIN No.: |
06879194
|
|
|
|
|
Name : |
Kevin Paul Grace
|
|
Designation : |
Director
|
|
Address : |
High Curragh, West End, Ampletorth
North Yorkshire, England, UO62 4DX, North Yorkshire
|
|
Date of Birth/Age : |
30.06.1965
|
|
Date of Appointment : |
03.06.2014
|
|
DIN No.: |
06879209
|
|
|
|
|
Name : |
Jamhsed Soil Daboo
|
|
Designation : |
Managing Director
|
|
Address : |
Flat No. R-07, Cusrow Bang, Shahid
Bhagat Singh Road, Colaba, Causeway, Mumbai – 01, Maharashtra, India
|
|
Date of Birth/Age : |
10.09.1962
|
|
Date of Appointment : |
28.07.2014
|
|
DIN No.: |
00050865
|
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Company Secretary |
|
Address : |
2B-114, Windnere Oshiwara, Main Road, Off Link Road, Andheri (West),
Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1969 |
|
Date of Appointment : |
30.10.2012 |
MAJOR SHAREHOLDERS
AS ON 28.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
Trent Limited |
|
22370790 |
|
Trent Limited Jt. with Flora Services Limited |
|
1 |
|
Trent Limited Jt. With Flora Link Road Properties Limited |
|
1 |
|
Trent Limited Jt. With Nahar Theatres Private Limited |
|
1 |
|
Trent Limited Jt. With Mr. Venkatesalu Palaniswamy |
|
1 |
|
Trent Limited Jt. With Mr. Sudhir W. Kamal |
|
1 |
|
Trent Limited Jt. With Mrs. Hutoxshi R. Wadia |
|
1 |
|
Trent Limited |
|
40036779 |
|
Tesco Overseas Investments Limited |
|
62407575 |
|
|
|
|
|
Total |
|
124815150 |
AS ON 28.07.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main business of the company is retailing. |
|
|
|
|
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
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
IDBI Trusteeship Services Limited, Asain Building, Ground Floor, 17 R.
Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
N M Raju and Company Chartered Accountants |
|
Address : |
6th Floor, Universal Insurance Building, Pherozeshah Mehta Road,
Mumbai – 400001, Maharashtra, India |
|
PAN No.: |
AAAFN4217G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 28.07.2014
Authorised Capital: Rs. 2750.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 1468.350
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000000 |
Equity Shares |
Rs. 10/- each |
Rs. 1250.000 Million |
|
150000000 |
Preference Shares |
Rs. 10/- each |
Rs. 1500.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2750.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
73420790 |
Equity Shares |
Rs. 10/-
each |
Rs. 734.200
Million |
|
149288927 |
10% p.a. Non-Cumulative Optionallly
Convertible Prefrence Shares |
Rs. 10/-
each |
Rs. 1492.900
Million |
|
|
Total |
|
Rs. 2227.100 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 |
2227.100 |
2227.100 |
734.200 |
|
(b) Reserves & Surplus |
(1746.900) |
(1053.900) |
(121.800) |
|
(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) |
480.200 |
1173.200 |
612.400 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1867.500 |
1107.500 |
1807.500 |
|
(b) Deferred tax liabilities (Net) |
0.800 |
0.600 |
8.500 |
|
(c) Other long term
liabilities |
252.900 |
250.900 |
191.700 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2121.200 |
1359.000 |
2007.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1135.200 |
1170.000 |
789.300 |
|
(c) Other
current liabilities |
406.700 |
239.900 |
175.100 |
|
(d) Short-term
provisions |
14.600 |
10.100 |
7.600 |
|
Total Current
Liabilities (4) |
1556.500 |
1420.000 |
972.000 |
|
|
|
|
|
|
TOTAL |
4157.900 |
3952.200 |
3592.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1668.600 |
1626.800 |
1594.900 |
|
(ii)
Intangible Assets |
14.900 |
18.600 |
23.800 |
|
(iii)
Capital work-in-progress |
167.400 |
145.500 |
41.000 |
|
(iv)
Intangible assets under development |
0.800 |
0.000 |
0.000 |
|
(b) Non-current Investments |
419.200 |
419.200 |
419.200 |
|
(c) Deferred tax assets (net) |
146.800 |
142.000 |
101.500 |
|
(d) Long-term Loan and Advances |
399.400 |
168.100 |
186.700 |
|
(e) Other
Non-current assets |
7.500 |
0.000 |
0.500 |
|
Total Non-Current
Assets |
2824.600 |
2520.200 |
2367.600 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
17.500 |
0.000 |
|
(b)
Inventories |
590.200 |
596.300 |
783.200 |
|
(c) Trade
receivables |
58.400 |
67.100 |
26.300 |
|
(d) Cash
and cash equivalents |
127.100 |
147.700 |
87.800 |
|
(e)
Short-term loans and advances |
502.500 |
532.800 |
307.500 |
|
(f) Other
current assets |
55.100 |
70.600 |
19.700 |
|
Total
Current Assets |
1333.300 |
1432.000 |
1224.500 |
|
|
|
|
|
|
TOTAL |
4157.900 |
3952.200 |
3592.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8150.200 |
7811.200 |
6477.500 |
|
|
|
Other Income |
57.400 |
40.700 |
17.600 |
|
|
|
TOTAL (A) |
8207.600 |
7851.900 |
6495.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
180.200 |
181.300 |
190.500 |
|
|
|
Purchases of Stock-in-Trade |
6283.600 |
6151.100 |
5180.400 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
84.700 |
117.000 |
-156.500 |
|
|
|
Employees benefits expense |
570.200 |
513.500 |
405.400 |
|
|
|
Other expenses |
1513.100 |
1409.400 |
1284.900 |
|
|
|
TOTAL (B) |
8631.800 |
8372.300 |
6904.700 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(424.200) |
(520.400) |
(409.600) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
79.700 |
101.000 |
269.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(503.900) |
(621.400) |
(679.500) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
133.700 |
119.600 |
109.000 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS BEFORE TAX |
(60.300) |
(20.000) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(697.900) |
(761.000) |
(788.500) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(4.900) |
(40.500) |
(45.500) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(693.000) |
(720.500) |
(743.000) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(9.44) |
(9.81) |
(5.95) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
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 |
(%) |
(8.50)
|
(9.22) |
(11.47) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(5.20)
|
(6.66) |
(6.32) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.78)
|
(23.45) |
(26.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.45)
|
(0.65) |
(1.29) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.89 |
0.94 |
2.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
1.01 |
1.26 |
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 |
734.200 |
2227.100 |
2227.100 |
|
Reserves & Surplus |
(121.800) |
(1053.900) |
(1746.900) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
612.400 |
1173.200 |
480.200 |
|
|
|
|
|
|
long-term borrowings |
1807.500 |
1107.500 |
1867.500 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1807.500 |
1107.500 |
1867.500 |
|
Debt/Equity
ratio |
2.952 |
0.944 |
3.889 |
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 |
6477.500 |
7811.200 |
8150.200 |
|
|
|
20.590 |
4.340 |
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 |
6477.500 |
7811.200 |
8150.200 |
|
Profit |
(743.000) |
(720.500) |
(693.000) |
|
|
(11.47%) |
(9.22%) |
(8.50%) |
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 |
No |
|
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 |
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 |
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Debentures |
750.000 |
857.500 |
|
Loans and advances from related parties |
867.500 |
0.000 |
|
|
|
|
|
Total |
1617.500 |
857.500 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10362081 |
30/05/2012 |
250,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate, MUMBAI, Maharashtra - 400001, INDIA |
B42187856 |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH SEPTEMBER 2014
(Rs. in million)
|
Sr. No. |
Particulars |
Quarter Ended |
|
30.09.2014 |
||
|
Unaudited |
||
|
Part I |
|
|
|
1. |
Income from Operations |
|
|
|
a) Net Sales / Income
from Operations |
3412.911 |
|
|
b) Other Operating Income |
131.307 |
|
|
Total Income from
Operations (net) |
3544.218 |
|
2. |
Expenditure |
|
|
|
a) Cost of materials
consumed |
67.037 |
|
|
b) Purchase of
stock-in-trade |
3054.007 |
|
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(179.740) |
|
|
d) Employee benefits
expense |
268.283 |
|
|
e) Depreciation and
amortisation expense |
85.890 |
|
|
f) Power and Fuel Charges |
0.000 |
|
|
g) Other expenses |
629.590 |
|
|
Total Expenses |
3925.067 |
|
3. |
Profit/ (Loss) from Operations before Other Income,
Exchange gain/(loss), Finance costs and Exceptional items (1-2) |
(380.849) |
|
4. |
Other Income |
78.890 |
|
5. |
Profit /(Loss) from Ordinary activities before finance costs and
Exceptional items (3+4a+4b) |
(301.959) |
|
6. |
Interest |
58.421 |
|
7. |
Profit
/ (Loss) from ordinary activities after Finance costs but before Exceptional
items (5-6) |
(360.380) |
|
8. |
Exceptional
items |
-- |
|
9. |
Profit/
(Loss) from ordinary activities before tax (7+8) |
(360.380) |
|
10. |
Tax
expenses |
(5.352) |
|
11. |
Net
Profit / (Loss) from ordinary activities after tax (9-10) |
(355.028) |
|
12. |
Extraordinary items |
-- |
|
13. |
Net Profit / (Loss) for the period (11+12) |
(355.028) |
|
14. |
Paid-up equity share
capital (Face Value of Rs. 10 per share) |
1248152 |
|
15. |
Paid-up Debt Capital |
10000 |
|
16. |
Reserve excluding
Revaluation reserve |
-- |
|
17. |
Earnings Per Share (EPS)
before and after extraordinary items (of Rs. 10/- each) a) Basic b) Diluted |
(3.32) (3.32) |
|
|
|
|
|
18. |
Debt-Equity Ratio |
0.27 |
|
|
|
|
|
19. |
Debt-Services Coverage Ratio |
(0.57) |
|
|
|
|
|
20. |
Interest Services Coverage Ratio |
(5.17) |
FIXED ASSETS
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
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 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. 66.40 |
|
UK Pound |
1 |
Rs. 101.19 |
|
Euro |
1 |
Rs. 73.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6. |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
61 |
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.