MIRA
INFORM REPORT
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Report Date : |
17.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
HALIDON MARKETING PRIVATE LIMITED |
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Registered Office : |
3-C, El Dorado, 112,
Nungambakkam High Road, Chennai 600034, Tamil Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2001 |
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Date of Incorporation : |
08.03.2000 |
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Com. Reg. No.: |
18-44333 |
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CIN No.: [Company
Identification No.] |
U63031TN2000PTC044333 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEH03956B |
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PAN No.: [Permanent
Account No.] |
AABCH2381P |
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Legal Form : |
Private Limited Liability Company.
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Line of Business : |
Subject provide logistics services like inbound and outbound
transportation, warehousing, inventory planning, forecasting, build-ups and
disposal, Clearing and Forwarding (C&F), sales tax and excise, marketing
support, repacking and other value-added functions. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Small company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively
small company having satisfactory track. Directors are reported as
experienced and respectable businessmen. Trade relations are reported as
fair. Business is active. Payments are usually correct and as per
commitments. The company can be considered for small business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
3-C, El Dorado, 112,
Nungambakkam High Road, Chennai 600034, Tamil Nadu, India |
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Tel. No.: |
91-44- 28270931 / 28241424 |
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Fax No.: |
91-44- 28228675 |
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E-Mail : |
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Website : |
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Corporate Office : |
Siet Admin Building, 2nd Floor, 54 Bharati Das, Chennai –
600053, Tamilnadu, India |
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Tel. No.: |
91-44-42110337 |
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Fax No.: |
91-44-28228675 |
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Branches : |
D-65, 1st Floor, 11, B-Cross
(West), Thillai Nagar, TRICHY - 620 018 |
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Tel. No.: |
91-431-2742601 / 2742602 |
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Mobile No.: |
91-9444038406 [Mr. R. Jagannathan, Manager (Operations)] |
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E-Mail : |
DIRECTORS
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Name : |
Mr. A. Palaniappan |
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Designation : |
Director |
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Date of Birth/Age : |
28.06.1968 |
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Qualification : |
BS |
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Name : |
Mr. Karti P. Chidambaram |
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Designation : |
Director |
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Date of Birth/Age : |
16.11.1971 |
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Qualification : |
BBA (Austin, USA), B.L. (Cambridge University, UK) |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. A. Palaniappan |
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10 |
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Mr. Karti P. Chidambaram |
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10 |
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Total |
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20 |
BUSINESS DETAILS
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Line of Business : |
Subject provide logistics services like inbound and
outbound transportation, warehousing, inventory planning, forecasting,
build-ups and disposal, Clearing and Forwarding (C&F), sales tax and
excise, marketing support, repacking and other value-added functions. |
GENERAL
INFORMATION
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Customers : |
Kitchen Appliances India Limited Chennai Coimbatore, Tamilnadu Grasim Industries Limited (Grey Cement) Coimbatore, Trichy, Tirunelveli, Tamilnadu Asian Paints India Limited Coimbatore,Salem, Trichy, Madurai, Tamilnadu Cavin Kare Limited Chennai |
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Bankers : |
ICICI Bank, Chennai Bank of Baroda, Chennai |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sundar, Ranganath and Srinivasan Chartered Accountants |
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Address : |
R A Puram, Chennai – 600028 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20 |
Equity Shares |
Rs. 10/- each |
Rs. 200/- |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2001 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.000 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.008 |
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TOTAL BORROWING |
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0.008 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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0.008 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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Sundry Debtors |
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Cash & Bank Balances |
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0.001 |
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Other Current Assets |
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Loans & Advances |
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Total
Current Assets |
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0.001 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.000 |
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Provisions |
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Total
Current Liabilities |
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0.000 |
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Net Current Assets |
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0.001 |
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MISCELLANEOUS EXPENSES |
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0.007 |
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TOTAL |
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0.008 |
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LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Halidon Marketing Private Limited is a systems driven,
professionally managed enabler of efficient logistics services in India. Halidon
operates about 50,000 square feet of warehouse space in 6 cities in Tamil Nadu.
About 140 well trained and qualified staff and workers make Halidon competent
at handling diverse and demanding logistics requirements from prestigious
customers.
Halidon Marketing provides end-to-end logistics services
like inbound and outbound transportation, warehousing, inventory planning,
forecasting, build-ups and disposal, Clearing and Forwarding (C&F), sales
tax and excise, marketing support, repacking and other value-added functions.
Their strength lies in their ability to support and enable a
manufacturer’s last-mile operations to be efficient, reliable and effective.
They implement manufacturer’s accounting, sales and operational policies,
reduce the cost and time to market, optimise processes and manpower across
supply chain functions and assist the manufacturer build valuable relationships
with end users and trade. They have good experience in handling a large number
of Stock Keeping Units (SKUs) and products with seasonal demand. Halidon also
works in promoting and supplementing the manufacturer’s marketing activities by
carrying out rural marketing programmes, customer feedback and surveys.
They constantly endeavour to lower costs, improve turn
around time, reduce damage of stock and build long lasting brand value for the
manufacturer.
The Directors
Mr. A. Palaniappan, BS
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Worked with large corporates all over India
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Work experience includes studying, designing and
implementing company-wide systems and procedures
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Knowledgeable and experienced in Accounting, Logistics and
Inventory management
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Experience in implementing turn-key projects
Mr. Karti P. Chidambaram, BBA (Austin, USA), B.L.
(Cambridge University, UK)
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Experience in Legal and Financial Audit and Consulting
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Work experience includes managing manufacturing company
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Successfully started new ventures
They
offer the following services
Ř They are
a professionally managed company offering end-to-end services in the areas of
Warehousing, Transportation, Sales, M. I. S, Taxation, Insurance & Legal
Compliance.
Ř Reduce
Turn-around time for despatches.
Ř Reduce
and Control Costs. Implement and control Client's Accounting and Sales Policy.
Ř Material
handling within factory, ports and bonded / notified warehouses. Complete
Accounting services for sales as well as for the client's Branch expenses.
Sales collection and follow up.
Ř Add
value to client's supply chain by through efficient systems, market reach and
effective delivery.
Ř Market
Feedback and Coordination to boost sales.
Ř Accurate
stock keeping and accounting.
Ř Reduce
Turn-around time for despatches.
Ř Reduce
and Control Costs.
Ř Implement
and control Client's Accounting and Sales Policy.
Ř Accurate
and Timely generation of M.I.S. reports.
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Key Responsibilities: |
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Sales Accounting |
Warehousing |
Transportation |
Administration |
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Books of Accounts |
Maintaining Stocks and
Spares |
Third Party Transportation |
Branch Office
Administration |
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SAP / ERP II |
Damaged Stocks |
Despatch Routing |
Staff Conveyance |
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Invoicing |
Loading & Unloading |
Primary Despatch from Factory |
Sales Tax and
Assessments |
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Documentation |
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Excise |
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Sales Return |
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Branch Banking |
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Service Repairs |
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Branch Petty Cash |
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MIS |
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Sales Collection |
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Trade Schemes |
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Market Confirmation |
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.17 |
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UK Pound |
1 |
Rs.85.58 |
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Euro |
1 |
Rs.58.67 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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31 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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