MIRA INFORM REPORT
|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
HAZEL MERCANTILE LIMITED (w.e.f. 09.03.1999) |
|
|
|
|
Formerly Known
As : |
HAZEL MERCANTILE PRIVATE LIMITED |
|
|
|
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Registered
Office : |
181, Ashoka Shopping Centre, 2nd Floor, G.T. Hospital
Complex, L.T. Road, Mumbai – 400 001, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
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Date of
Incorporation : |
16.10.1995 |
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|
|
|
Com. Reg. No.: |
11-093674 |
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Capital
Investment / Paid-up Capital : |
Rs.300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1995PLC093674 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH05177E /
MUMH04309E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH2671K |
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|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
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|
|
Line of Business
: |
Subject is
engaged in the business of Imports, Exports, Trading and Distribution of
Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products,
Natural Rubber, Chemicals, Computer Software Development and Electricity
Generation etc. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 10000000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. Financial position
of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered normal 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 |
CARE |
|
Rating |
Long Term Bank Facilities: A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
February, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A1 |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
February, 2013 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Arpeet |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-22824444 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
181, Ashoka Shopping Centre, 2nd Floor, G.T. Hospital
Complex, L.T. Road, Mumbai – 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22610282/ 43512000 |
|
Fax No.: |
91-22-22620553 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Head Office : |
Office No.4, 1st Floor, Naitik Gandhidham Unas Association,
|
|
Tel. No.: |
91-283-6229548 |
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|
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Corporate Office : |
701/712A, Embassy Centre, Nariman Point, Mumbai – 400 021, |
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Tel. No.: |
91-22-22824444/ 33554444/ 40098900 |
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Fax No.: |
91-22-22824440/ 22041411 |
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E-Mail : |
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|
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Marketing Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400 021, |
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Tel. No.: |
91-22-22832170 (5 Lines) |
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Fax No.: |
91-22-22821605 |
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E-Mail : |
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|
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Branch Office 1 : |
SEZ
Office: Shed No.250, sector III, KSEZ, Kandla, Gandhidham, |
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E-Mail : |
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|
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Branch Office : |
Also
located at:
|
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Nitin Kumar Deendayal
Didwania |
|
Designation : |
Managing Director |
|
Address : |
172, Kshitij, 47, |
|
Date of Birth/Age : |
23.06.1974 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AACPD7055J |
|
DIN No.: |
00210289 |
|
|
|
|
Name : |
Mrs. Sushmadevi Deendayal Didwania |
|
Designation : |
Director |
|
Address : |
172, Kshitij, 47, |
|
Date of Birth/Age : |
30.09.1955 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
00210240 |
|
|
|
|
Name : |
Mr. Saurabh Dipak Sanghvi |
|
Designation : |
Director |
|
Address : |
66, Kamal Building, 69, |
|
Date of Birth/Age : |
05.08.1974 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
02000411 |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Thakurdas Khemchandani |
|
Designation : |
Secretary |
|
Address : |
F-124, Anjali Apartments, Vaswani Marg, Seven Bungalows, Andheri
(West), Mumbai – 400 061, |
|
Date of Birth/Age : |
18.08.1956 |
|
Date of Appointment : |
05.01.2005 |
|
PAN No.: |
AFUPK6931R |
|
|
|
|
Name : |
Mr. Arpeet |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nitin Kumar
Deendayal Didwania |
|
29996300 |
|
Sushmadevi
Deendayal Didwania |
|
900 |
|
Vishal Veersingh
Sukhani |
|
2000 |
|
Ajay Jain |
|
200 |
|
Yash Gala |
|
200 |
|
Saurabh Sanghvi |
|
200 |
|
Sanjay Busa |
|
200 |
|
Total
|
|
30000000 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.99 |
|
Other
top fifty shareholders |
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the business of Imports, Exports, Trading and Distribution of
Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products,
Natural Rubber, Chemicals, Computer Software Development and Electricity
Generation etc. |
|
|
|
|
Products/ Services : |
|
|
|
|
|
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Exports : |
|
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Products : |
Chemicals, Polymers, Metals, Natural Rubber, Paper, etc. |
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Countries : |
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Imports : |
|
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Products : |
Chemicals, Polymers, Metals, Natural Rubber, Paper, etc. |
|
Countries : |
|
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Terms : |
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Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
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Auditors : |
|
|
Name : |
Shabbir S.
Bagasrawala Chartered
Accountants |
|
Address : |
Office No.8, 1st
Floor, Narayan Niwas, 63, Aarey Road, Goregaon (West), Mumbai – 400 062, |
|
Tel. No.: |
91-22-28739939 |
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PAN
No.: |
AACFS5834Q |
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Subsidiary Companies : |
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|
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Enterprise over
which Key Managerial Personnel are able to exercise significant influence : |
|
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
300.000 |
150.000 |
|
(b) Reserves & Surplus |
|
2446.064 |
2006.450 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
2746.064 |
2156.450 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
26.098 |
32.141 |
|
(b) Deferred tax liabilities (Net) |
|
44.258 |
47.444 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
70.356 |
79.585 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
661.699 |
673.240 |
|
(b)
Trade payables |
|
5421.250 |
4420.559 |
|
(c)
Other current liabilities |
|
271.877 |
93.027 |
|
(d)
Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
6354.826 |
5186.826 |
|
|
|
|
|
|
TOTAL |
|
9171.246 |
7422.861 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
173.011 |
161.429 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
205.803 |
67.761 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
140.291 |
133.190 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
519.105 |
362.380 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2173.670 |
1806.243
|
|
(c)
Trade receivables |
|
5591.702 |
4308.419
|
|
(d)
Cash and cash equivalents |
|
427.161 |
553.798
|
|
(e)
Short-term loans and advances |
|
459.608 |
391.455 |
|
(f)
Other current assets |
|
0.000 |
0.566 |
|
Total
Current Assets |
|
8652.141 |
7060.481 |
|
|
|
|
|
|
TOTAL |
|
9171.246 |
7422.861 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
150.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1523.369 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1673.369 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
498.846 |
|
|
2] Unsecured Loans |
|
|
6.764 |
|
|
TOTAL BORROWING |
|
|
505.610 |
|
|
DEFERRED TAX LIABILITIES |
|
|
47.751 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2226.730 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
171.780 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
68.704 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1567.129
|
|
|
Sundry Debtors |
|
|
3273.387
|
|
|
Cash & Bank Balances |
|
|
252.585
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Deposits, Loans & Advances |
|
|
456.421
|
|
Total
Current Assets |
|
|
5549.522 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3531.109
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
32.970
|
|
Total
Current Liabilities |
|
|
3564.079 |
|
|
Net Current Assets |
|
|
1985.443
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.803 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2226.730 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
20639.763 |
16684.970 |
13471.085 |
|
|
|
Other Income |
166.792 |
50.069 |
42.767 |
|
|
|
TOTAL (A) |
20806.555 |
16735.039 |
13513.852 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
19812.657 |
|
12949.484 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(367.426) |
(239.115) |
|
|
|
|
Employee benefit expense |
34.055 |
28.476 |
|
|
|
|
Other expenses |
519.281 |
452.766 |
|
|
|
|
TOTAL (B) |
19998.567 |
16081.488 |
12949.484 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
807.988 |
653.551 |
564.368 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
CHARGES (D) |
141.771 |
126.637 |
144.933 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
666.217 |
526.914 |
419.435 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
13.385 |
12.587 |
10.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
652.832 |
514.327 |
408.568 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
51.014 |
20.751 |
24.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
601.818 |
493.576 |
384.413 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
1806.449 |
1373.368 |
1047.730 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
50.000 |
50.000 |
50.000 |
|
|
|
Proposed Dividend |
10.500 |
9.000 |
7.500 |
|
|
|
Dividend Tax |
1.704 |
1.495 |
1.275 |
|
|
BALANCE CARRIED
TO THE B/S |
2346.063 |
1806.449 |
1373.368 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
4343.607 |
3486.236 |
3249.541 |
|
|
|
Freight , Insurance & Commission |
22.273 |
9.844 |
4.414 |
|
|
TOTAL EARNINGS |
4365.880 |
3496.080 |
3253.955 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
14853.747 |
8341.418 |
7148.731 |
|
|
TOTAL IMPORTS |
14853.747 |
8341.418 |
7148.731 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.06 |
16.45 |
25.63 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
24000.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.26000.000 millions
The above information has been parted by Mr. Arpeet
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.89
|
2.95
|
2.84
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.16
|
3.08
|
3.03
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.28
|
6.99
|
7.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.24
|
0.24
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.25
|
0.33
|
0.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.36
|
1.56
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
6.025 |
19.395 |
NA |
|
|
|
|
|
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particular |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
SHORT-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
1.000 |
7.820 |
|
Total
|
1.000 |
7.820 |
CORPORATE INFORMATION:
The Company is in the
business of Imports, Exports, Trading and Distribution of Chemicals, Metals,
Sheets, Paper, Pharmaceutical products, Paper products, Natural Rubber,
Chemicals, Computer Software Development and Electricity Generation etc.
PERFORMANCE
During the year,
the Company has achieved consolidated turnover of Rs.35793.400 millions as
compared to Rs.26107.000 millions during the previous year resulting in revenue
growth of 37.10%. On standalone basis the Company has achieved turnover of
Rs.20639.800 millions as compared to Rs.16685.000 millions during the previous
year garnering a resulting growth in revenue of 23.70% and consolidated Profit
after Tax is Rs.1150.300 millions as compared to Rs.898.100 millions during the
previous year resulting in growth of 28.08%, On standalone basis Profit after
tax is Rs.601.800 millions as compared to Rs.493.600 millions during the
previous year resulting in growth of 21.92%.
PERFOMANCE OF OVERSEAS SUBSIDAIRIES
The Company’s
subsidiaries Hazel Middle East FZE, HML Europe BV and Hazel PTE Limited are
currently dealing in Chemicals, Petrochemicals, Paper and Paper Products and
Polymers. With due regard to the sharp business acumen of the management the
overseas subsidiaries have done exceedingly well within a short span of time
and have achieved the turnover of Rs.14853.300 millions and the Net Profit of
Rs.490.700 millions on which by itself is a firm indicator of the Company’s
belief and a continuous commitment towards growth in global business.
The Company is in
the process of forming a Wholly Owned Subsidiary (WOS) in China and the said
subsidiary will engage in the business of import and export of chemicals to
cater to the growing Chinese market.
The International
Trading has shown signs of revival. The revenue from the export business has
increased to Rs.18733.700 millions as compared to Rs.12794.800 millions during
the previous year, an increase of 46.42%. The Company has also established
offices / representative offices in Amsterdam [Netherlands], London [United
Kingdom], Shanghai [China], Tehran [Iran], and Accra [Ghana], which will give
further impetus to the growth momentum to the Company’s business.
WIND MILL DIVISION
Augmentation of
Renewable Energy Resources occupies the centre space in the Company’s long term
investment and business planning. The Company’s contribution to develop
in-exhaustible sources of clean energy will definitely contribute towards
global battle against climate change.
The Company has already in operation 2 nos. of 1250 KW and 2 nos. of
600KW wind energy generation plants. This division has generated 6719769 units
of wind energy as against 6785270 units generated during the previous year.
BUSINESS SCENARIO AND FUTURE PROSPECTS
TRADE AND DISTRIBUTION
As a prominent
distributor and trade facilitator, the Company inspires faith by delivering
excellence at all times to the end user, with regard to catering of specific or
special needs of the end user while creating growth opportunities for ‘their
associates’ which includes partners, suppliers, principals, customers and the
society.
With a pan-Indian
presence and global footprint, the Company offers its associates an
unparalleled distribution platform for dynamic markets and products. The
Company identifies opportunities by synchronizing trade and distribution
services while harnessing nascent markets. With more than a decade of
experience in international trade, the Company has added value throughout the
supply and demand chain, often incorporating barter trade to optimize returns.
By investing in quality over quantity they deliver the best in products or
services to the masses.
Their trading and
distribution network creates value in the various Industries viz: Chemicals and
Petrochemicals, Polymers, Electricity Generation, Paper and Board, Rubber and
Metals and Software Development.
THE HML ADVANTAGE
The reason the
Company is the most preferred one is because of the uniqueness versatility and
innovation, which offers the customers / suppliers /principals (associates) advantages
as under;
They offer a
competitive advantage through integrated value-added services and business
opportunities. They get the added advantage of Unparalleled Infrastructure for
warehousing, distribution and delivery for Liquid as well as dry bulk cargo,
globally as well as-pan India. Customer Relationship Executive (CRE) dedicated
exclusively to their business, acting as a one-point contact for all their
needs / requirements. Global Presence and Networks with ready offtake for
products across Continents. Barter opportunities, along with unbeatable
economies of scale.
Industry Sector
Expertise to identify unique opportunities and provide the entire range of
products and services. Flexible globally integrated software systems to monitor
efficient and effective execution. Strong Financial Resources to facilitate
structured trade, globally.
For the Company,
no number is too small or any volume too large. They organize distribution
suitable to the needs / requirements of the end users. The Company has
constantly been participating in business ventures with Private / Public sector
undertakings and bagging global Tenders on continuous basis which reflects
strong faith of multinationals in the Company and projects global image of
their illustrious country India in overseas markets. They have been successful
in offering the best products, often servicing the largest corporations,
domestically as well as globally at the same time well recognizing their
corporate social responsibility and contribution in reduction of the carbon
foot print.
CONTINGENT
LIABILITIES:
Contingent liabilities in respect of outstanding corporate guarantees
given to bank on behalf of subsidiaries are as under:
|
Particulars |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
|
Guarantees given to banks on behalf of the Subsidiary Company |
3124.300 |
1810.000 |
|
Total |
3124.300 |
1810.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10424209 |
12/03/2013 |
800,000,000.00 |
PUNJAB NATIONAL BANK(LEAD BANK) |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, NARIMON POINT, MUMBAI, Maharashtra - 400021, INDIA |
B74606609 |
|
2 |
10322100 |
24/11/2011 |
550,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, 1ST FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B27436328 |
|
3 |
10312476 |
05/10/2011 |
150,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, 1ST FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B23333180 |
|
4 |
10313125 |
20/09/2011 |
150,000,000.00 |
STATE BANK OF INDIA |
Commercial Branch, N. G. N. Vaidya Marg, Bank Street, Horniman Circle, Mumbai, Maharashtra - 400001, INDIA |
B23520067 |
|
5 |
10211661 |
17/03/2010 |
100,000,000.00 |
STATE BANK OF INDORE |
EMPIRE HOUSE, 214, D. N. ROAD, FORT, MUMBAI, Maharashtra - 400001, INDIA |
A82946989 |
|
6 |
10212942 |
25/02/2010 |
200,000,000.00 |
STATE BANK OF INDIA |
Commercial Branch (Advances), N. G. N. Vaidya Marg, Bank Street, Horniman Circle, Fort, Post Box 10141, Mumbai, Maharashtra - 400001, INDIA |
A83439257 |
|
7 |
10202779 |
05/08/2010 * |
200,000,000.00 |
BARCLAYS BANK PLC |
601/603, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra - 400018, INDIA |
A91068841 |
|
8 |
10198433 |
12/01/2010 |
42,300,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, 1ST FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A78104643 |
|
9 |
10178892 |
22/09/2009 |
156,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, 1ST FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A70241385 |
|
10 |
10158866 |
16/05/2009 |
200,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, 1ST FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A62663646 |
FIXED ASSETS
· Land and Building
· Plant and Machinery
· Vehicles
· Office Equipment
· Furniture and Fixture
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 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.59.30 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
59 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.