MIRA INFORM REPORT

 

 

Report No. :

339854

Report Date :

08.09.2015

 

IDENTIFICATION DETAILS

 

Name :

FUTURE CORPORATE RESOURCES LIMITED (24.08.2011)

 

 

Formerly Known As :

FUTURE CORPORATE RESOURCES PRIVATE LIMITED (26.07.2011)

 

SIMPLETON INVESTRADE PRIVATE LIMITED

 

 

Registered Office :

Knowledge House, Shyam Nagar, Jogeshwari-Vikhroli, Link Road, Jogeshwari (East), Mumbai – 400050, Maharashtra

Tel. No.:

91-22-30841300 / 30842336

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

19.10.2005

 

 

Com. Reg. No.:

11-156856

 

 

Capital Investment / Paid-up Capital :

Rs.250.500 Million

 

 

CIN No.:

[Company Identification No.]

U51100MH2005PLC156856

 

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS51659G

MUMP17626A

 

 

PAN No.:

[Permanent Account No.]

AAJCS3979E

AAACP5083H

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Media Business and Treasury Business.

 

 

No. of Employees :

Information denied by the management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a holding company and media services arm of the Future Group.

 

It is well-established and reputed company incorporated during the year 2005. It has a satisfactory track record.

 

As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but the 23 ac documents for the year 2014 could not be made available from any source.

 

The company has strong financial risk profile marked by decent net worth position along with healthy liquidity profile.

 

However, the company has incurred huge accumulated losses but it has good revenue profile.

 

Trade relations are reported as fair. Business is active. Payments terms are revenue are usually correct.

 

In view of strong financial base, the company can be considered normal for business 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

ICRA

Rating

Non -Convertible Debenture Programme=BBB-

Rating Explanation

Moderate Degree Of Safety And Moderate Credit Risk.

Date

July, 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

 

Management Non Co-operative (Tel No.:91-22-61190000)

 

 

LOCATIONS

 

Registered Office :

Knowledge House, Shyam Nagar, Jogeshwari-Vikhroli, Link Road, Jogeshwari (East), Mumbai – 400 050, Maharashtra, India

Tel. No.:

91-22-30841300 / 30842336

Fax No.:

Not Available

E-Mail :

viredra.samani@futuregroup.in

 

 

Branch Office :

9th Floor, Tower C, 247 Park, LBS Marg, Vikhroli (Wset), Mumbai – 400083, Maharashtra, India

Tel. No.:

91-22-61190000

 

 

 

 

 

 

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Kishore Laxminarayan Biyani

Designation :

Director

Address :

406, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra, India

Date of Appointment :

19.11.2005

DIN No.:

00005740

 

 

Name :

Ms. Sangita Kishor Biyani

Designation :

Director

Address :

406, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra, India

Date of Appointment :

19.11.2005

DIN No.:

00074580

 

 

Name :

Mr. Vijay Laxminarayan Biyani

Designation :

Director

Address :

305, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra, India

Date of Appointment :

08.04.2010

DIN No.:

00005827

 

 

Name :

Mr. Vivek Biyani

Designation :

Whole-Time Director

Address :

304, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra, India

Date of Appointment :

21.07.2011

DIN No.:

01977838

 

 

Name :

Ms. Ashni Biyani Kishore

Designation :

Whole-Time Director

Address :

304, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra, India

Date of Appointment :

21.07.2011

DIN No.:

00058775

 

 

Name :

Mr. Rajesh Ramjilal Kalyani

Designation :

Director

Address :

Flat No. 1506, Oberoi Park View, Tower-A, Thakur Village, Western Express Highway, Kandivali (West), Mumbai-400101, Maharashtra, India

Date of Appointment :

08.08.2011

DIN No.:

00220632

 

 

Name :

Mr. Dinesh Ramnarayan Maheshwari

Designation :

Director

Address :

C-6-302, Sector 8, Shanti Nagar, Mira Road, Thane-401107, Maharashtra, India

Date of Appointment :

08.08.2011

DIN No.:

00088451

 

 

Name :

Mr. Chandra Prakash Toshniwal

Designation :

Director

Address :

A-603, Great Eastern Link, Ram Mandir Road, Goregaon (West), Mumbai-400104, Maharashtra, India

Date of Appointment :

08.08.2011

DIN No.:

00036303

 

 

Name :

Mr. Anil Laxminarayan Biyani

Designation :

Additional Director

Address :

406, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra, India

Date of Appointment :

01.10.2011

DIN No.:

00005834

 

 

Name :

Mr. Ajay Nemchand Dedhia

Designation :

Additional director

Address :

1, Shapoor Villa, 524/A, R.P. Masani Road, Matunga (Cr), Mumbai - 400019, Maharashtra, India

Date of Appointment :

31.03.2015

DIN No.:

01026077

 

 

Name :

Mr. Hemant Kumar Bhotica

Designation :

Additional Director

Address :

1304-B,13th Floor,Sumer Trinity Tower No 2, Near 'Saamna' Press, Prabhadevi, Mumbai, 400025, Maharashtra, INDIA

Date of Appointment :

31.03.2015

DIN No.:

00038169

 

 

Name :

Mr. Anilkumar Indrakumar Bagri

Designation :

Additional Director

Address :

2103 Vivarea B, 21st Floor,Sane Guruji Marg,, Dr. A L Nair Marg, Jacob Circle, Mahalakshmi,, Mumbai, 400011, Maharashtra, India

Date of Appointment :

08.07.2015

DIN No.:

00014338

 

 

KEY EXECUTIVES

 

Name :

Mr. Rajesh Kumar Pathak

Designation :

Secretary

Address :

B-203, Anand Paradise, Indralok, Phase-Vi, Bhayander (East), Mumbai - 401105, Maharashtra, India

Date of Appointment :

09.07.2015

 

 

Name :

Mr. Rajkumar Premvallabh Pande

Designation :

CFO

Address :

House No 101/D5, Tulip Petals, Sector - 89, Vill- Hayatpurteh, Gurgaon, Gurgaon - 122505, Haryana, India

PAN No.:

AHTPP4635J

 

 

Name :

Mr. Virendra Samani

Designation :

Company Secretary

Address :

1803, Yogi Residency, Yogi Nagar, Borivali (West), Mumbai – 400091, Maharashtra, India

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

 

No. of Shares

Samreen Multitrading Private Limited

 

8016000

Tanushri Infrastructure Private Limited

 

4258500

Kavi Sales Agency Private Limited

 

3757500

Oviya Multitrading Private Limited

 

3757500

Radha Multitrading Private Limited

 

3757500

Raja Infrastructure Private Limited

 

1002000

Salarjung Multitrading Private Limited

 

501000

Total

 

25050000

 

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Media Business and Treasury Business.

 

 

Products :

Item Code No.

Product Description

49020000

Newspapers, Journals And Periodicals, Whether Or Not I Llustrated Or Containing Advertising

Material

99836200

Other Professional, Technical And Business Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Available

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

ING Vysya Bank Limited

Branch

22, M.G. Road, Bangalore – 560 001, Karnataka, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • Dena Bank, Dena Corporate Centre, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Rupee Term Loan

4044.900

5499.500

Intercorporate Borrowing

1482.500

1937.351

 

 

 

Short-term borrowings

 

 

Term Loan

632.679

1075.582

 

 

 

Total

6160.079

8512.433

 

 

 

Financial Institution :

  • Sicom Limited, Nirmal Building, 1st Floor, Nariman Point, Mumbai – 400 021, Maharashtra, India
  • IL and FS Trust Company Limited, IL and FS Financial Centre, Plot No.C22, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India
  • Sicom Limited, Solitaire Corporate Park, Building No.4, Guru, Hargovindji Road, Andheri (East), Mumbai – 400093, Maharashtra, India

 

 

Auditors :

 

Name :

R.S. Ajwani and Company

Chartered Accountants

Address :

12, Ramsaran, Sion, Mumbai - 400 022, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AHQPA2729P

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiaries Companies:
  • Nufuture Digital India Limited
  • Asian Retail Lighting Limited
  • Future Coupon Limited
  • Future Lighting India Limited
  • Future Outdoor Media Solutions Limited, India (U22300MH2008PLC181041)
  • Future Capital Investment Private Limited
  • Future Idea Realtors India Limited, India (U70102MH2007PLC175707)
  • Akar Estate and Finance Private Limited, India (U65922WB1992PTC056707)
  • Future Human Development Limited, India (U74900MH2007PLC167121)
  • NuFuture Haribhakti Business Services Limited, India (U74999MH2010PLC203778)
  • Retail Light Techniques India Limited U52599MH2007PLC166906
  • Central Departmental Stores Private Limited, India (U51909MH2006PTC164209)
  • Future Sharp Skills Limited, India (U74120MH2011PLC222584)
  • Gargi Business Ventures Private Limited, India (U51595MH2010PTC207319)
  • Future Retail Limited, Inida (L52399MH1987PLC044954)

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25130000

Equity Shares

Rs.10/- each

Rs.251.300 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25050000

Equity Shares

Rs.10/- each

Rs.250.500 Million

 

 

 

 

 

 

As on 31.0..201

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25130000

Equity Shares

Rs.10/- each

Rs.251.300 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25050000

Equity Shares

Rs.10/- each

Rs.250.500 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

250.500

250.500

0.100

(b) Reserves & Surplus

23793.685

24306.973

25222.091

(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)

24044.185

24557.473

25222.191

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

7950.100

7436.851

5768.630

(b) Deferred tax liabilities (Net)

21.890

21.890

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

33.664

7.372

17.101

Total Non-current Liabilities (3)

8005.654

7466.113

5785.731

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

6134.499

6553.789

8146.060

(b) Trade payables

2179.244

245.344

61.372

(c) Other current liabilities

12055.267

8629.405

7450.731

(d) Short-term provisions

0.000

1.732

14.355

Total Current Liabilities (4)

20369.010

15430.270

15672.518

 

 

 

 

TOTAL

52418.849

47453.856

46680.440

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

13.961

14.303

6.124

(ii) Intangible Assets

1277.258

280.347

106.421

(iii) Capital work-in-progress

808.861

989.614

198.250

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

39592.644

38342.075

39353.642

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2154.395

1938.823

1496.674

(e) Other Non-current assets

0.000

9.021

0.000

Total Non-Current Assets

43847.119

41574.183

41161.111

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

1317.804

1166.872

2128.271

(c) Trade receivables

3569.416

1532.964

1180.895

(d) Cash and cash equivalents

110.812

418.578

40.287

(e) Short-term loans and advances

2215.929

2066.076

2169.876

(f) Other current assets

1357.769

695.183

0.000

Total Current Assets

8571.730

5879.673

5519.329

 

 

 

 

TOTAL

52418.849

47453.856

46680.440

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

3763.852

3357.134

833.248

 

Other Income

271.088

321.714

176.910

 

TOTAL (A)

4034.940

3678.848

1010.158

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

0.000

0.000

0.000

 

Purchases of Stock-in-Trade

2810.242

1140.328

2472.819

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

214.067

961.201

(2128.271)

 

Employees benefits expense

166.923

303.590

113.692

 

Other expenses

302.763

956.108

40.809

 

Prior period items

 

 

0.027

 

TOTAL (B)

3493.995

3361.227

499.076

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

540.945

317.621

511.082

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

890.363

870.104

478.185

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

(349.418)

(552.483)

32.897

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

138.372

37.737

5.736

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

(487.790)

(590.220)

27.161

 

 

 

 

 

Less

TAX (H)

25.500

74.887

5.005

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

(513.290)

(665.107)

22.156

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(20.49)

(26.56)

0.44

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

2242.500

1861.730

2886.803

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

2813.926

1520.220

5400.485

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin

(PAT / Sales)

(%)

(13.64)

(19.81)

2.66

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

14.37

9.46

61.34

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(4.06)

(7.27)

0.38

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

-0.02

(0.02)

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.68

0.65

0.67

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.42

0.38

0.35

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

0.100

250.500

250.500

Reserves & Surplus

25222.091

24306.973

23793.685

Net worth

25222.191

24557.473

24044.185

long-term borrowings

5768.630

7436.851

7950.100

Short term borrowings

8146.060

6553.789

6134.499

Current Maturities of Long-Term Debts

2886.803

1861.730

2242.500

Total borrowings

16801.493

15852.370

16327.099

Debt/Equity ratio

0.666

0.646

0.679

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

833.248

3357.134

3763.852

 

 

302.897

12.115

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

833.248

3357.134

3763.852

Profit

22.156

(665.107)

(513.290)

 

2.66%

(19.81%)

(13.64%)

 

 

 

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

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Intercorporate Borrowing

2422.700

5478.207

 

 

 

Short-term borrowings

 

 

Term loans from others

5501.820

0.000

 

 

 

Total

7924.520

5478.207

 

 

FINANCIAL HIGHLIGHTS

 

The Company reported a growth in income with total income of Rs.403494.000 Million as against Rs.367884.800 Million for the previous financial year. The Media business was major driver in driving the sales of the Company and contributed Rs.2964.542 Million out of total income of the Company. The Company has incurred loss of Rs. 51329.000 Million during the year.

 

 

UNSECURED LOAN

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10581228

19/08/2015 *

873,600,000.00

IL & FS TRUST COMPANY LIMITED

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA ,
 KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra 
- 400051, INDIA

C61796785

2

10583451

29/06/2015

500,000,000.00

AXIS FINANCE LIMITED

Axis House, Ground Floor,, Wadia International Centre ,Worli, Mumbai, Maharashtra - 400025, INDIA

C60526001

3

10560023

08/04/2015

820,000,000.00

YES BANK LIMITED

Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, MUMBAI, Maharashtra - 400018, INDIA

C49447147

4

10562102

08/04/2015

1,250,000,000.00

YES BANK LIMITED

Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai, Maharashtra - 400018, INDIA

C50348739

5

10561178

18/03/2015

830,452,000.00

Punjab National Bank (International) Limited

1 Moorgate, London, London, - EC2R6JH, UNITED KINGDOM

C49981681

6

10551334

26/02/2015

1,000,000,000.00

Bank of Maharashtra

1st Floor, Janmangal, 45/47 Mumbai Samachar Marg, Fort, Mumbai, Maharashtra - 400023, INDIA

C44694685

7

10551775

11/02/2015

450,000,000.00

EDELWEISS FINANCE & INVESTMENTS LIMITED

2nd Floor, MB Towers, Plot No 5,, Road No 2, Banjara Hills, Hyderabad, Andhra Pradesh - 500034, INDIA

C44941003

8

10554017

27/01/2015

2,050,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI, Maharashtra - 400001, INDIA

C44432292

9

10549115

19/01/2015

1,750,000,000.00

YES BANK LIMITED

Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, MUMBAI, Maharashtra - 400018, INDIA

C43619097

10

10548066

17/01/2015

2,000,000,000.00

CENTRAL BANK OF INDIA LIMITED

Corporate Finance Branch, Central Bank Of India, Building, First Floor, M.G. Road, Mumbai, Maharashtra - 400023, INDIA

C43016062

 

 

FIXED ASSETS

 

  • Land
  • Furniture and fixtures
  • Vehicles
  • Motor vehicles
  • Office equipment
  • Computer equipments

 

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.66.74

UK Pound

1

Rs.101.36

Euro

1

Rs.74.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

SUD

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

S

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

4

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

 

47

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate worSking 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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.