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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

502121

Report Date :

07.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RELIANCE COMMERCIAL FINANCE LIMITED (w.e.f. 07.06.2016)

 

 

Formerly Known As :

RELIANCE GILTS LIMITED

 

RELIANCE LIFE INSURANCE COMPANY LIMITED 

 

 

Registered Office :

Reliance Centre, 6th Floor, South Wing, Off. Western Express Highway, Santacruz (East), Mumbai, Mumbai - 400055, Maharashtra

Tel. No.:

91-22-33031000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

17.08.2000

 

 

Com. Reg. No.:

11-128301

 

 

Capital Investment / Paid-up Capital :

INR 5228.300 Million

 

 

CIN No.:

[Company Identification No.]

U66010MH2000PLC128301

 

 

IEC No.:

[Import-Export Code No.]

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AABCR6898M1ZH

 

 

PAN No.:

[Permanent Account No.]

AABCR6898M

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Providing of Non-Banking Financial Services. [Registered Activity]

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Excellent

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Exist

 

 

Comments :

Subject is a wholly owned subsidiary of “Reliance Capital Limited”. Reliance Capital Limited (RCL) is a part of the “Reliance ADA Group”. The company was incorporated in the year 2000.

 

It is engaged in lending activities.

 

For the financial year 2017, the company has achieved a massive growth in its revenue as compared to previous year and has reported decent profit margin of 15.31%.

 

The healthy financial profile of the company is marked by strong networth base along with average debt coverage indicators.

 

Rating takes into consideration equity infused by its promoters.

 

The company has favourable Earning Per Share (EPS) of INR 46.04 against a face value (FV) of INR 10.

 

Rating also takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team.

 

Business is active. Payment seems to be slow.

 

In view of aforesaid, the company can be considered for normal business dealings at usual trade terms and conditions. 

 

Note1: The Board of Directors at its meeting held on March 31, 2017 approved a Scheme of Arrangement for demerger of Lease Rental Business of Reliance MediaWorks Limited (RMW) into the Company pursuant to Section 230 - 232 of the Companies Act, 2013. The Company has filed the Scheme with National Company Law Tribunal (“NCLT”) on March 31, 2017. As per the Scheme, leasing business of the demerged company would be transferred to the Company from the Appointed Date. Appointed date for the Scheme is March 31, 2017, subject to requisite approvals, including the sanction of National Company Law Tribunal, Mumbai Bench. For the year ended March 31, 2017 there is no impact on the financial statements of the Company on account of above Scheme.

 

Note2: The Commercial Finance division has demerged from Reliance Capital Limited and merged with the Company w.e.f. March 24, 2017. Hence all the sanctions were benchmarked with the net worth of Reliance Capital Limited. Post demerger, the Company is in the process of downsizing the sanction limits and collecting repayments from customers to ensure compliance with the Prudential norms of RBI. As on the date the above exposure has been brought within the exposure limit.

 

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

Rating

Commercial Paper = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk

Date

05.02.2018

 

 

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 31-03-2018.

 

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 07.04.2018.

 

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION DENIED

 

Management Non-Cooperative [Tel. No.: 91-22-33031666]

 

 

LOCATIONS

 

Registered Office :

Reliance Centre, 6th Floor, South Wing, Off. Western Express Highway, Santacruz (East), Mumbai, Mumbai - 400055, Maharashtra, India

Tel. No.:

91-22-33031000

Fax No.:

91-22-33036662

E-Mail :

compsec.rcl@relianceada.com

Website :

www.reliancecf.com

customercare@reliancecommercialfinance.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Arvind Mayaram

Designation :

Additional Director

Address :

D I/38 Bharti Nagar, New Delhi - 110003, India

Date of Appointment :

26.02.2018

DIN No.:

00080262

 

 

Name :

Mrs. Deena Asit Mehta

Designation :

Director

Address :

17A, Abhilasha Building, 17th Floor, 46 August Kranti Marg, Gaumd Evi, Mumbai-400036, Maharashtra, India

Date of Appointment :

11.03.2016

DIN No.:

00168992

 

 

Name :

Mr. Lav Ramji Chaturvedi

Designation :

Director

Address :

Golden Rays, 403-04, Shastri Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

20.07.1976

Date of Appointment :

21.12.2012

DIN No.:

02859336

 

 

Name :

Mr. Devang Pravin Mody

Designation :

Wholetime Director

Address :

Balaji Tower, Flat No. 101, 1st Floor, J.K Mehta Road, Santacruz (West) Mumbai – 400054, Maharashtra, India

Date of Appointment :

20.04.2017

DIN No.:

07794726

 

 

KEY EXECUTIVES

 

Name :

Mr. Devang Pravin Mody

Designation :

Chief  Executive Officer (KMP)

Address :

Balaji Tower, Flat No. 101, 1st Floor, J.K Mehta Road, Santacruz (West), Mumbai - 400054, Maharashtra, India

Date of Appointment :

03.04.2017

PAN No.:

ACRPM4523B

 

 

Name :

Ekta Thakurel

Designation :

Company Secretary

Address :

B-7, Narandas Morarji Building, Ghatkopar West, Mumbai – 400086, Maharashtra, India

Date of Appointment :

09.03.2017

PAN No.:

AJOPG9869L

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2017

 

Names of Equity Shareholders

 

No. of Shares

Reliance Capital Limited, India

 

122825694

Reliance Capital Limited joinly with Shri Yogesh Deshpande

 

1

Reliance Capital Limited joinly with Shri Chetan Raval

 

1

Reliance Capital Limited joinly with Shri Madan Chaturvedi

 

1

Reliance Capital Limited Jointly with Atul Kumar Tandon

 

1

Reliance Capital Limited Jointly with Parul Jain

 

1

Reliance Capital Limited Jointly with Kannan Chettiar

 

1

 

 

 

Total

 

122825700

 

Names of Preference Shareholders

 

No. of Shares

Reliance Capital Limited, India

 

400000000

 

 

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2017

 

Category

Percentage

Promoter - Bodies corporate

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Providing of Non-Banking Financial Services. [Registered Activity]

 

 

Products :

Item Code No.

Product Description

649

Non-Banking Financial Services.

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Not Divulged

Branch

--

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Term loan from bank

58119.500

0.000

 

 

 

Total

58119.500

0.000

 

Auditors :

 

Name :

Chaturvedi and Shah

Chartered Accountants

Address :

714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021, Maharashtra, India

Tel. No.:

91-22-30218500

Fax No.:

91-22-30218595

PAN No.:

AAAFC0662N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

Reliance Capital Limited (L65910MH1986PLC165645)

 

 

Subsidiaries of Holding Company :
  • Reliance Nippon Life Assets Management Limited
  • Reliance Assets Management (Singaopre) Pte. Limited
  • Reliance Asset Management (Mauritius) Pte. Limited
  • Reliance Asset Management (UK) Limited (Formerly Reliance Capital Assets management (UK) Plc)
  • Reliance Capital pension Fund Limited
  • Reliance AIF Management Company Limited
  • Reliance Capital AIF Trustee Company Private Limited
  • Reliance Capital Trustee Company Limited
  • Reliance Commodities Limited
  • Reliance Exchangenext Limited
  • Reliance Financial Limited
  • Reliance General Insurance Company Limited
  • Reliance Home Finance Limited
  • Reliance Nippon Life Insurance Company Limited (formerly Reliance Life Insurance Company Limited)
  • Reliance Money Express Limited
  • Reliance Money Precious Metals private Limited
  • Reliance Money Solutions Private Limited
  • Reliance Securities Limited
  • Reliance Corporate Advisory Services Limited (Formerly known as Reliance Spol Exchange Infrastructure Limited)
  • Reliance Wealth Management Limited
  • Quant Capital Private Limited
  • Quant Broking Private Limited
  • Quant Securities Private Limited
  • Quant Commodity Broking Private Limited
  • Quant Capital Finance and Investment Private Limited
  • Quant Investment Services Private Limited

 

 

Parties under common control :
  • Reliance Communication Limited
  • Reliance Infrastructure Limited

 

 

List or related parties with whom transactions have taken place during the year :
  • Reliance Capital Limited
  • Reliance Communications Limited
  • Reliance Infrastructure Limited
  • Reliance General Insurance Company Limited
  • Reliance Home Finance Limited

 

 

CAPITAL STRUCTURE

 

AFTER 31.03.2017

 

Authorised Capital : INR 6002.000 Million

 

Issued, Subscribed & Paid-up Capital : INR 5229.637 Million

 

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

200000000

Equity Shares

INR 10/- each

INR 2000.000 Million

400000000

Preference Shares

INR 10/- each

INR 4000.000 Million

 

Total

 

INR 6000.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

122825700

Equity Shares

INR 10/- each

INR 1228.300 Million

400000000

0% Non-Cumulative Non-Participating and Non-Convertible Redeemable Preference Shares

INR 10/- each

INR 4000.000 Million

 

Total

 

INR 5228.300 Million

 

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

5228.300

633.000

123.007

(b) Reserves & Surplus

19828.900

(27.800)

(28.223)

(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)

25057.200

605.200

94.784

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

58119.500

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

1023.300

0.000

0.000

(d) long-term provisions

260.600

0.000

0.006

Total Non-current Liabilities (3)

59403.400

0.000

0.006

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

18205.200

0.000

0.000

(b) Trade payables

151.300

0.000

0.000

(c) Other current liabilities

33506.500

0.000

0.046

(d) Short-term provisions

220.000

0.000

0.079

Total Current Liabilities (4)

52083.000

0.000

0.125

 

 

 

 

TOTAL

136543.600

605.200

94.915

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

190.800

0.000

0.000

(ii) Intangible Assets

103.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1991.800

91.600

91.675

(c) Deferred tax assets (net)

401.600

0.000

0.000

(d)  Long-term Loan and Advances

74217.900

0.000

2.700

(e) Other Non-current assets

2420.800

0.000

0.000

Total Non-Current Assets

79325.900

91.600

94.375

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

500.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

4107.500

0.600

0.540

(e) Short-term loans and advances

50551.200

13.000

0.000

(f) Other current assets

2559.000

0.000

0.000

Total Current Assets

57217.700

513.600

0.540

 

 

 

 

TOTAL

136543.600

605.200

94.915

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

19277.600

0.500

0.299

 

Other Income

255.800

0.000

0.002

 

TOTAL

19533.400

0.500

0.301

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

1299.000

 0.000

0.000 

 

Other expenses

4298.000

0.100

0.102

 

TOTAL

5597.000

0.100

0.102

 

 

 

 

 

 

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

13936.400

0.400

0.199

 

 

 

 

 

Less

FINANCIAL EXPENSES

10398.700

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

3537.700

0.400

0.199

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

110.900

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3426.800

0.400

0.199

 

 

 

 

 

Less

TAX

475.100

0.100

(0.014)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2951.700

0.300

0.213

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

46.04

0.01

0.03

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

(28159.400)

(10.200)

(2.836)

Net cash flow from operating activity

(22057.700)

(10.500)

(2.836)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

47.43

0.00

0.00

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.81

0.00

0.00

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

3.05

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

2.08

0.00

0.00

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.01

0.00

0.00

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.34

0.00

0.00

 

 

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

15.31

60.00

71.24

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

2.16

0.05

0.22

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

11.78

0.05

0.22

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.10

0.00

4.32

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.10

0.00

4.32

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.18

1.00

1.00

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

14.60

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.10

0.00

4.32

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

123.007

633.000

5228.300

Reserves & Surplus

(28.223)

(27.800)

19828.900

Net worth

94.784

605.200

25057.200

 

 

 

 

long-term borrowings

0.000

0.000

58119.500

Short term borrowings

0.000

0.000

18205.200

Total borrowings

0.000

0.000

76324.700

Debt/Equity ratio

0.000

0.000

3.046

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

0.299

0.500

19277.600

 

 

67.224

38,55,420.000

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

0.299

0.500

19277.600

Profit

0.213

0.300

2951.700

 

71.24%

60.00%

15.31%

 

 

 

LEGAL CASES

 

http://54.234.29.250/ferretops/mirascreenshots/5ac5d0acd4e376113a00010f5ac5d206d4e37607ea01c469.jpg

 

 

 

Munsiff Court, Chenganacherry

Case Details

Case Type : OS - ORIGINAL SUIT
Filing Number: 100303/2016Filing Date: 04-08-2016
Registration Number: 100303/2016Registration Date: 04-08-2016
CNR Number: KLKT25-000389-2016

 

Case Status

First Hearing Date : 05th September 2016
Next Hearing Date: 29th May 2017
Stage of Case: Referred to Adalath
Court Number and Judge : 1-MUNSIFF CHANGANACHERRY

Petitioner and Advocate

1)     Ms. Karikkineth Textiles

Address - Changanacherry Village, Changanacherry Taluk, Represented by Managing Partner K.C. Varghese,

Aged 55 years, So. Chandypilla Varghese, Karikkineth, Changanacherry Village, Changanacherry Taluk

Advocate- P.A. Rabeez


2) K.C. VargheseKarikkineth, Changanacherry Village, Changanacherry Taluk. Advocate-P.A. Rabeez


3) Reena Varghese

  Karikkineth, Changanacherry Village, Changanacherry TalukAdvocate-P.A. Rabeez

 
4) M.I. Chandy

Karikkineth, Changanacherry Village, Changanacherry Taluk.

Advocate-P.A. Rabeez

 

Respondent and Advocate

1) Reliance Commercial Finance
   Address - Reliance Capital Ltd., Kurickal Arcade, Near Changampuzha Park, Edappally, Kochi - 682024


Acts

Under Act(s)

Under Section(s)

Civil Procedure Code

26OrderVIIRule1

 

History of Case Hearing

 

 

Registration Number

Judge

Business On Date

Hearing Date

Purpose of hearing

100303/2016

MUNSIFF CHANGANACHERRY

05-09-2016

06-10-2016

For Objection and hearing

100303/2016

MUNSIFF CHANGANACHERRY

06-10-2016

10-11-2016

For Objection and hearing

100303/2016

MUNSIFF CHANGANACHERRY

10-11-2016

17-12-2016

For Objection and hearing

100303/2016

MUNSIFF CHANGANACHERRY

17-12-2016

21-01-2017

For hearing on IA

100303/2016

MUNSIFF CHANGANACHERRY

21-01-2017

15-02-2017

For hearing on IA

100303/2016

MUNSIFF CHANGANACHERRY

15-02-2017

08-03-2017

call on

100303/2016

MUNSIFF CHANGANACHERRY

08-03-2017

28-03-2017

call on

100303/2016

MUNSIFF CHANGANACHERRY

28-03-2017

29-05-2017

Referred to Adalath

 

 

 

 

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

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Short-term borrowings

 

 

Loan from banks

3100.000

0.000

Cash credit facilities

5235.000

0.000

From others

9870.200

0.000

 

 

 

Total

18205.200

0.000

 

 

INDEX OF CHARGES:

 

Charges Registered

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G80479553

100163021

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

23/02/2018

-

-

5880000000.0

54,Wellesley Road,Opposite Govt. College of Engg., ShivajinagarPuneMH411005IN

2

G77023794

100155812

VISTRA ITCL (INDIA) LIMITED

05/02/2018

-

-

50000000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN

3

G78060894

100157255

AU SMALL FINANCE BANK LIMITED

30/01/2018

-

-

500000000.0

19-A DHULESHWAR GARDENAJMER ROADJAIPURRa302001IN

4

G72792153

100144725

The Karur Vysya Bank Limited

08/12/2017

-

-

1000000000.0

Central Processing Cell, Kamanwala Chambers,Sir P M Road, FortMumbaiMH400001IN

5

G70788518

100141277

Bank of Maharashtra

08/12/2017

-

-

2300000000.0

632, Yashomangal, Gandhi Nagar,Opposite MIG Club Ground, Bandra (East)MumbaiMH400051IN

6

G72636756

100144268

UCO Bank

08/12/2017

-

-

2000000000.0

Flagship Corporate Branch, 1st Floor,Mafatlal Centre, Nariman PointMumbaiMH400021IN

7

G72637887

100144273

Vijaya Bank

08/12/2017

-

-

1499911053.75

Corporate Banking Branch III, Maker Chambers -IV,(Rear Portion), 222, Nariman PointMumbaiMH400021IN

8

G72503436

100143975

Corporation Bank

08/12/2017

-

-

2500000000.0

Industrial Finance BranchBharat House, Gr. Floor, 104, B.S. Marg, FortMumbaiMH400025IN

9

G70930771

100141610

United Bank of India

08/12/2017

-

-

279883538.0

Corporate Finance Branch, 2nd Floor,25, Sir, P.M. Road, FortMumbaiMH400001IN

10

G70931282

100141615

United Bank of India

08/12/2017

-

-

1199666298.0

Corporate Finance Branch, 2nd Floor,25, Sir, P.M. Road, FortMumbaiMH400001IN

11

G70931043

100141621

United Bank of India

08/12/2017

-

-

999582293.0

Corporate Finance Branch, 2nd Floor,25, Sir, P.M. Road, FortMumbaiMH400001IN

12

G71729495

100142578

Indian Overseas Bank

08/12/2017

-

-

4000000000.0

'Bakhtawar'Nariman Point BranchMumbaiMH400021IN

13

G72584998

100144147

Indian Overseas Bank

08/12/2017

-

-

2000000000.0

'Bakhtawar'Nariman Point BranchMumbaiMH400021IN

14

G72761091

100144584

Vijaya Bank

08/12/2017

-

-

799939664.93

Corporate Banking Branch III, Maker Chambers -IV,(Rear Portion), 222, Nariman PointMumbaiMH400021IN

15

G72761786

100144586

Vijaya Bank

08/12/2017

-

-

1000000000.0

Corporate Banking Branch III, Maker Chambers -IV,(Rear Portion), 222, Nariman PointMumbaiMH400021IN

16

G72773047

100144611

The Karur Vysya Bank Limited

08/12/2017

-

-

1000000000.0

Central Processing Cell, Kamanwala Chambers,Sir P M Road, FortMumbaiMH400001IN

17

G58347725

100129508

INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED

29/09/2017

-

-

3000000000.0

INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN

18

G50609007

100116182

Bank of Bahrain and Kuwait B.S.C.

28/07/2017

-

-

550000000.0

6-3-550 L.B. Bhawan, AkashgangaSomajiguda,HyderabadTG500082IN

19

G50614205

100116198

The Federal Bank Limited

28/07/2017

-

-

1333300000.0

Large Corporate Department, 2nd Floor,Laxmi Towers, BKC Bandra (E)MumbaiMH400051IN

20

G49655301

100113631

FIrstRand Bank Limited

28/07/2017

-

-

500000000.0

TCG Financial Centre, 4th Floor,C-53, G Block, Bandra Kurla Complex, Bandra (East)MumbaiMH400051IN

21

G51050268

100117309

Andhra Bank

28/07/2017

-

-

3600000000.0

9/15, Mama Paramanand Marg,Queen's Road, Opera House,MumbaiMH400004IN

22

G51051399

100117313

Andhra Bank

28/07/2017

-

-

2400000000.0

9/15, Mama Paramanand Marg,Queen's Road, Opera House,MumbaiMH400004IN

23

G51051670

100117316

Andhra Bank

28/07/2017

-

-

3000000000.0

9/15, Mama Paramanand Marg,Queen's Road, Opera House,MumbaiMH400004IN

24

G50773589

100116566

State Bank of India

28/07/2017

-

-

1600000000.0

Capital Accounts Group - BKC (16376)The Capital, 16th Floor, Bandra Kurla ComplexMumbaiMH400051IN

25

G50775337

100116570

State Bank of India

28/07/2017

-

-

1200000000.0

Capital Accounts Group - BKC (16376)The Capital, 16th Floor, Bandra Kurla ComplexMumbaiMH400051IN

26

G50775766

100116571

State Bank of India

28/07/2017

-

-

2400000000.0

Capital Accounts Group - BKC (16376)The Capital, 16th Floor, Bandra Kurla ComplexMumbaiMH400051IN

27

G50776541

100116572

State Bank of India

28/07/2017

-

-

1500000000.0

Capital Accounts Group - BKC (16376)The Capital, 16th Floor, Bandra Kurla ComplexMumbaiMH400051IN

28

G51067452

100117348

SIDBI

28/07/2017

-

-

1250000000.0

Ground Floor,MSME Development Centre,Plot No.C 11'G',Bandra Kurla Complex, Bandra (E)MumbaiMH400021IN

29

G51067718

100117350

SIDBI

28/07/2017

-

-

333500000.0

Ground Floor,MSME Development Centre,Plot No. C-11?G? Block, Bandra Kurla Complex, Bandra (East)MumbaiMH400051IN

30

G51067981

100117351

SIDBI

28/07/2017

-

-

1800000000.0

Ground Floor,MSME Development Centre,Plot No. C-11?G? Block, Bandra Kurla Complex, Bandra (East)MumbaiMH400051IN

31

G51067866

100117352

SIDBI

28/07/2017

-

-

2975000000.0

Ground Floor,MSME Development Centre,Plot No. C-11?G? Block, Bandra Kurla Complex, Bandra (East)MumbaiMH400051IN

32

G51068344

100117353

SIDBI

28/07/2017

-

-

4000000000.0

Ground Floor,MSME Development Centre,Plot No. C-11?G? Block, Bandra Kurla Complex, Bandra (East)MumbaiMH400051IN

33

G50548445

100116047

Canara Bank

28/07/2017

-

-

5000000000.0

Specialised Prime Corporate Branch,Maker Chambers-III, 7th Floor, Nariman Point,MumbaiMH400021IN

34

G51276434

100117923

Axis Bank Limited

28/07/2017

-

-

500000000.0

Corporate Banking Branch, 12- Mittal Tower,First Floor, A-wing, Nariman Point.MumbaiMH400021IN

35

G51124196

100117492

The Jammu and Kashmir Bank Limited

28/07/2017

-

-

1600000000.0

79-A, Mehta HouseBombay Samchar Marg, FortMumbaiMH400001IN

36

G51124634

100117493

The Jammu and Kashmir Bank Limited

28/07/2017

-

-

750000000.0

79-A, Mehta House,Bombay Samachar Marg, FortMumbaiMH400001IN

37

G51146165

100117585

Punjab National Bank

28/07/2017

-

-

3000000000.0

7, Bhikhaiji Cama Place Branch,New DelhiDL110001IN

38

G50166008

100115346

Punjab & Sind Bank

28/07/2017

-

-

1200000000.0

Large Corporate Branch, 27/29,Ambalal Doshi Marg, FortMumbaiMH400023IN

39

G50244607

100115474

Punjab & Sind Bank

28/07/2017

-

-

1600000000.0

Large Corporate Branch, 27/29,Ambalal Doshi Marg, FortMumbaiMH400023IN

40

G50244912

100115483

Punjab & Sind Bank

28/07/2017

-

-

1120000000.0

Large Corporate Branch, 27/29Ambalal Doshi Marg, FortMumbaiMH400023IN

41

G48939052

100111328

Karnataka Bank Ltd.

11/07/2017

-

-

999768075.0

294-A, Harron House, Perin Nariman Streed,Behind RBI FortMumbaiMH400001IN

42

G48941231

100111337

Karnataka Bank Ltd.

11/07/2017

-

-

999976802.0

294-A, Harron House, Perin Nariman Streed,Behind RBI FortMumbaiMH400001IN

43

G49215833

100112281

THE CATHOLIC SYRIAN BANK LTD

29/06/2017

-

-

500000000.0

Mumbai Fort Branch, Shoorji Vallabhdas Marg,Ballard EstateMumbaiMH400001IN

44

G48634463

100110403

Syndicate Bank

27/06/2017

-

-

2000000000.0

I. P. Estate BranchBahadur Shah Zafar MargNew DelhiDL110002IN

45

G48635486

100110409

Syndicate Bank

27/06/2017

-

-

1000000000.0

I.P. Estate Branch,Bahadur Shah Zafar MargNew DelhiDL110002IN

46

G48635916

100110412

Syndicate Bank

27/06/2017

-

-

2000000000.0

I. P. Estate Branch,Bahadur Shah Zafar Marg.New DelhiDL110002IN

47

G48636039

100110414

Syndicate Bank

27/06/2017

-

-

2000000000.0

I. P. Estate BranchBahadur Shah Zafar MargNew DelhiDL110002IN

48

G48935829

100111311

Bank of Baroda

27/06/2017

-

-

2000000000.0

Corporate Financial Services,3, walchand Hirachand Marg, Ballard PierMumbaiMH400001IN

49

G48936348

100111315

Bank of Baroda

27/06/2017

-

-

3000000000.0

Corporate Financial Services,3, walchand Hirachand Marg, Ballard PierMumbaiMH400001IN

50

G48937304

100111318

Bank of Baroda

27/06/2017

-

-

3000000000.0

Corporate Financial Services,3, walchand Hirachand Marg, Ballard PierMumbaiMH400001IN

51

G48938765

100111323

Bank of Baroda

27/06/2017

-

-

5000000000.0

Corporate Financial Services,3, walchand Hirachand Marg, Ballard PierMumbaiMH400001IN

52

G49075898

100111817

Central Bank of India

27/06/2017

-

-

5000000000.0

Corporate Finance BranchChander Mukhi,Nariman PointMumbaiMH400021IN

53

G47605688

100107460

Bank of India

16/06/2017

-

-

1600000000.0

New Delhi Large Corporate Branch10th Floor, Chanderlok Building, 36JanpathNew DelhiDL110001IN

54

G47606199

100107465

Bank of India

16/06/2017

-

-

2000000000.0

New Delhi Large Corporate Branch10th Floor, Chanderlok Building, 36JanpathNew DelhiDL110001IN

55

G47943386

100108286

Bank of India

16/06/2017

-

-

2000000000.0

New Delhi Large Corporate Branch10th Floor, Chanderlok Building, 36JanpathNew DelhiDL110001IN

56

G46006086

100103046

UNITED OVERSEAS BANK LIMITED

02/06/2017

-

-

700000000.0

3, North Avenue, Maker Maxity, Unit No. 31 & 37,3rd Floor, Bandra Kurla Complex, Bandra (E),MumbaiMH400051IN

57

G44729663

100105740

VISTRA ITCL (INDIA) LIMITED

03/05/2017

-

-

20000000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN

58

G44618346

100099712

HDFC BANK LIMITED

29/04/2017

-

-

2000000000.0

HDFC BANK HOUSE, SENAPATI BAPAT MARG.LOWER PAREL (W)MumbaiMH400013IN

59

G43649870

100096891

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

31/03/2017

-

-

3000000000.0

54,Wellesley Road,Opposite Govt. College of Engg., ShivajinagarPuneMH411005IN

60

G41629064

100091794

MICRO UNITS DEVELOPMENT & REFINANCE AGENCY LIMITED

30/03/2017

-

-

1200000000.0

MSME Development Center, 1st Floor, C-11, G-BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN

61

G59829804

100116568

State Bank of India

28/07/2017

-

12/10/2017

750000000.0

Capital Accounts Group - BKC (16376)The Capital, 16th Floor, Bandra Kurla ComplexMumbaiMH400051IN

62

G60194339

100110823

Karnataka Bank Ltd.

11/07/2017

-

09/10/2017

332674327.0

294-A, Harron House, Perin Nariman Streed,Behind RBI FortMumbaiMH400001IN

 

 

FIXED ASSETS

 

  • Furniture and Fixture
  • Office Equipment
  • Computer
  • Vehicles

 

 

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

INR

US Dollar

1

INR 64.99

UK Pound

1

INR 90.96

Euro

1

INR 79.51

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

JYO

 

 

SCORE FACTORS

 

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

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

 

 

 

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.