|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494504 |
|
Report Date : |
28.02.2018 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
WINDAR RENEWABLE ENERGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3B, GIDC, Phase-III, Halol Industrial Estate, Panchmahal, Halol – 389350,
Gujarat |
|
Tel. No.: |
91-2676-611300/ 301 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.09.2010 |
|
|
|
|
Com. Reg. No.: |
04-081993 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 497.446 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999GJ2010PTC081993 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0511029918 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AABCW0085D1ZQ |
|
|
|
|
TIN No: |
24171101827 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCW0085D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company engaged in the business of manufacture and sale of structural towers for wind turbine generators and used in renewable energy projects. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
Information denied 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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Windar Removables S.L., Spain” and was incorporated in the year 2010. For the financial year 2017, the company has increased in its revenue from operations as compared to previous year and maintained decent profitability margin of 9.58%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also reflects from strong managerial and financial support received from its holding company, extensive experience of the promoters in the wind energy sector along with established track records of business operation. However, rating strength is partially offset by wind power generation in India is supervised by multiple regulatory authorities and any adverse impact of regulatory change. Trade relations are reported as fair. Business is active. Payments terms are seem to be regular. In view of the aforesaid, the company can be considered for 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 |
CRISIL |
|
Rating |
Long Term Rating= BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
12.02.2018 |
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
31-03-2016.
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 28.02.2018
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
91-2676-611300/ 611301 (Management Non Cooperative)
LOCATIONS
|
Registered Office/ Factory : |
3B, GIDC, Phase-III, Halol Industrial Estate, Panchmahal, Halol – 389350,
Gujarat, India |
|
Tel. No.: |
91-2676-611300/301 |
|
Fax No.: |
91-2676-611302 |
|
E-Mail : |
|
|
Website : |
|
|
Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Bharathy Krishnaswamy |
|
Designation : |
Whole-Time Director |
|
Address : |
A-704 Shangrila Luxury Apartment, Opposites Gorwa Lake, Gorwa Subhanpura Road, Vadodara – 390003, Gujarat, India |
|
Date of Birth/Age : |
19.06.1953 |
|
Date of Appointment : |
09.10.2013 |
|
Qualification |
BE, MS, MBA |
|
DIN No.: |
06705879 |
|
PAN No.: |
AAJPB5916H |
|
|
|
|
Name : |
Mr. Francisco Javier Ripodas Agudo |
|
Designation : |
Director |
|
Address : |
C/ Paseo Universidad,
40 Mutilva Baja, Navarra, 31192, |
|
Date of Birth/Age : |
29.11.1959 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No.: |
03255948 |
|
|
|
|
Name : |
Mr. Orlando Alonso Villaron |
|
Designation : |
Director |
|
Address : |
CL Asturcon 12, Bajo
Vivienda |
|
Date of Birth/Age : |
11.03.1967 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No.: |
03274890 |
|
|
|
|
Name : |
Mr. Julio Jose Diaz Gutierrez |
|
Designation : |
Director |
|
Address : |
Plaza De La
Concepcion 5, 4F, Luanco, Gozon |
|
Date of Birth/Age : |
23.08.1968 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No.: |
03274910 |
|
|
|
|
Name : |
Mr. Jesus Alonso Villaron |
|
Designation : |
Director |
|
Address : |
C. Guipuzcoa 16,
|
|
Date of Birth/Age : |
08.09.1970 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No.: |
03275467 |
KEY EXECUTIVES
|
Name : |
Mrs. Uma Dilip Khopkar |
|
Designation : |
Company Secretary |
|
Address : |
Sarveshwar Mahadev Tekra, Kharivav Road, Raopura, Vadodara – 390001, Gujarat, India |
|
Date of Birth/Age : |
19.04.1989 |
|
Date of Appointment : |
23.03.2015 |
|
PAN No.: |
CKEPK0096C |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Windar Renovables S.L., |
|
49744100 |
|
Siemens Gamesa Renewable Power Private Limited, India |
|
500 |
|
Total |
|
49744600 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
99.999 |
|
Public/Other than promoters [Body corporate] |
0.001 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
The Company engaged in the business of manufacture and sale of structural towers for wind turbine generators and used in renewable energy projects. [Registered activity and also confirmed by management] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
Rajat Mathur and Company Chartered Accountants |
|
Address : |
B-11, Nizamuddin East, New Delhi – 110013, India |
|
Tel. No.: |
91-11-41825013/ 24350626 |
|
E-Mail : |
|
|
PAN No.: |
AAFPM1810P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
· Windar Renovables SL, Spain |
|
|
|
|
Group Company: |
·
Tadarsa Eolica S.L.U, Spain |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
71000000 |
Equity Shares |
INR 10/- each |
INR 710.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49744600 |
Equity Shares |
INR 10/- each |
INR 497.446 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 |
497.446 |
497.446 |
497.446 |
|
(b) Reserves and Surplus |
1453.947 |
866.965 |
557.554 |
|
(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) |
1951.393 |
1364.411 |
1055.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
230.712 |
281.937 |
333.162 |
|
(b) Deferred tax liabilities (Net) |
65.829 |
61.764 |
54.415 |
|
(c) Other long-term
liabilities |
23.760 |
24.307 |
225.423 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
320.301 |
368.008 |
613.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1201.424 |
1377.214 |
1971.649 |
|
(c) Other
current liabilities |
12.064 |
22.296 |
6.040 |
|
(d) Short-term provisions |
13.842 |
38.538 |
8.040 |
|
Total Current
Liabilities (4) |
1227.330 |
1438.048 |
1985.729 |
|
|
|
|
|
|
TOTAL |
3499.024 |
3170.467 |
3653.729 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1087.407 |
1118.738 |
999.300 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
263.535 |
20.261 |
51.796 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
16.420 |
29.195 |
9.283 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1367.362 |
1168.194 |
1060.379 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
330.016 |
308.405 |
469.789 |
|
(c) Trade
receivables |
1154.585 |
1404.103 |
1779.042 |
|
(d) Cash and
bank balances |
640.219 |
248.535 |
256.344 |
|
(e)
Short-term loans and advances |
6.842 |
6.154 |
6.931 |
|
(f) Other
current assets |
0.000 |
35.076 |
81.244 |
|
Total
Current Assets |
2131.662 |
2002.273 |
2593.350 |
|
|
|
|
|
|
TOTAL |
3499.024 |
3170.467 |
3653.729 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6129.128 |
4759.794 |
3113.279 |
|
|
Other Income |
9.850 |
6.213 |
64.037 |
|
|
TOTAL |
6138.978 |
4766.007 |
3177.316 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4521.976 |
3463.447 |
2248.096 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
5.665 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
11.283 |
86.236 |
(91.583) |
|
|
Employee benefit expense |
153.145 |
141.414 |
113.546 |
|
|
CSR expenditure |
8.796 |
0.399 |
0.000 |
|
|
Other expenses |
402.925 |
469.704 |
332.139 |
|
|
TOTAL |
5098.125 |
4161.200 |
2607.863 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1040.853 |
604.807 |
569.453 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
39.879 |
48.610 |
54.506 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1000.974 |
556.197 |
514.947 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
93.905 |
77.067 |
78.221 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
907.069 |
479.130 |
436.726 |
|
|
|
|
|
|
|
Less |
TAX |
320.088 |
169.719 |
62.403 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
586.981 |
309.411 |
374.323 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
46.456 |
74.176 |
184.052 |
|
|
Components and spare
parts |
132.908 |
97.829 |
92.221 |
|
|
Capital Goods |
0.000 |
0.000 |
48.431 |
|
|
TOTAL IMPORTS |
179.364 |
172.005 |
324.703 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.800 |
6.220 |
7.525 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1086.988 |
634.178 |
342.223 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
770.966 |
478.021 |
348.346 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
68.76 |
107.67 |
208.57 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
5.31 |
3.39 |
1.75 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases * 365] |
|
96.98 |
145.14 |
319.31 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
|
3.15 |
1.96 |
1.21 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed Assets] |
|
0.77 |
0.53 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current
Liabilities) / Total Assets] |
|
0.42 |
0.54 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / Net Worth) |
|
0.12 |
0.21 |
0.32 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.63 |
1.05 |
1.88 |
|
|
|
|
|
|
|
Fixed Assets to Net Worth (Net Fixed Assets / Net Worth) |
|
0.69 |
0.83 |
1.00 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial Charges] |
|
26.10 |
12.44 |
10.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
9.58 |
6.50 |
12.02 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets) * 100] |
(%) |
16.78 |
9.76 |
10.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth) * 100] |
(%) |
30.08 |
22.68 |
35.48 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets
/ Current Liabilities] |
|
1.74 |
1.39 |
1.31 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) / Current
Liabilities] |
|
1.47 |
1.18 |
1.07 |
|
|
|
|
|
|
|
G-Score Ratio Financial [Net Worth / Total Assets] |
|
0.56 |
0.43 |
0.29 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.46 |
0.57 |
0.67 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets / Total Current
Liabilities] |
|
1.74 |
1.39 |
1.31 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
497.446 |
497.446 |
497.446 |
|
Reserves & Surplus |
557.554 |
866.965 |
1453.947 |
|
Net
worth |
1055.000 |
1364.411 |
1951.393 |
|
|
|
|
|
|
Long-term borrowings |
333.162 |
281.937 |
230.712 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
333.162 |
281.937 |
230.712 |
|
Debt/Equity
ratio |
0.316 |
0.207 |
0.118 |
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 |
3113.279 |
4759.794 |
6129.128 |
|
|
|
52.887 |
28.769 |
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 |
3113.279 |
4759.794 |
6129.128 |
|
Profit/ (Loss) |
374.323 |
309.411 |
586.981 |
|
|
12.02
% |
6.50
% |
9.58% |
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 |
Yes |
|
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: The Registered Office of the company has been shifted from “C/o Rajat Mathur and Company, B-11, Nizamuddin East, New Delhi – 110013, India” to the present address.
BACKGROUND
The company is an Indian company incorporated on September 14, 2010 and is registered with the Registrar of Companies, Ahmedabad vide registration U-74999-GJ-2010-PTC-081993. The Company has received an approval from office of the Regional Director on December 15, 2014 to move its registered office from the Registrar of Companies, Delhi and Haryana [U-74999-DL-2010-PTC-208250] to the Registrar of Companies, Ahmedabad. The Company engages in the business of manufacture and sale of structural towers for wind turbine generators and used in renewable energy projects. The registered office and manufacturing operations of the Company is situated at 3B, GIDC, Phase III, Halol Industrial Estate, Panchmahal, Gujarat 389350. The Company is a subsidiary of WINDAR Renovables, S.L., Spain and a part of Daniel Alonso Grupo/Group.
The Group comprises of companies such as DACERO, DANIMA, TADARSA in addition to WINDAR.
OPERATIONS:
Revenue from operations for the financial year 2016-17 at INR 6129.128 Million was higher by 29% over last year (INR 4759.794 Million In 2015-16)
Earnings before interest, tax, depreciation and amortization (EBITDA) were INR 1040.853 Million registering a growth of 72%over EBITDA INR 604.807Million in the year 2015-16.
Profit after tax (PAT) for the year was 586.981 Million,
higher by 90% over the previous year's PAT of INR 309.411 Million
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B27893023 |
10302440 |
YES BANK LIMITED |
27/07/2011 |
14/12/2011 |
- |
1000000000 |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
2 |
G55686364 |
10521090 |
YES BANK LIMITED |
22/08/2014 |
16/10/2014 |
12/09/2017 |
160000000 |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
3 |
C10239507 |
10389707 |
YES BANK LIMITED |
17/10/2012 |
12/12/2012 |
25/06/2014 |
1000000000 |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Office equipment
· Computer equipments
·
Other equipments
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
INR |
|
US Dollar |
1 |
INR 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.