MIRA INFORM REPORT
|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
HAMILTON HOUSEWARES PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Plot No.49/50, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.06.2000 |
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Com. Reg. No.: |
000180 |
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Capital
Investment / Paid-up Capital : |
Rs.113.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26101DN2000PTC000180 |
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|
TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
SRTH00992F |
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PAN No.: [Permanent Account No.] |
AABCD1683Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of House Ware Plastic Products and House Ware
Products. |
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|
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|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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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 is good. Company is performing well.
Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly on talks over coal supply contracts, uncertainty over cancellation of
blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines Ltd
grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that it had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
06.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety. It carry
lowest credit risk. |
|
Date |
06.12.2013 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Nishita Gandhar |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-61817474 |
|
Date : |
04.12.2014 |
LOCATIONS
|
Registered Office : |
Plot No.49/50, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-2261817474 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office 1 : |
Kaiser-I-Hind
Building, 3rd Floor, Currimbhoy Road, Ballard Estate, Mumbai - 400 001,
Maharashtra, India |
|
Tel. No.: |
91-22-22624444/ 22611162 |
|
Fax No.: |
91-22-22679568/ 22616428 |
|
E-Mail : |
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|
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Head Office 2 : |
Asian Building, 4th Floor, R. Kamani Marg, Ballard Estate, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-61294100 |
|
Fax No.: |
91-22-22620967 |
|
|
|
|
Factory : |
Survey No. 288/1,
Near Dadra Aram, Panchayat, Dadra Demni Road, Silvassa-396230, Dadra and
Nagar Haveli, India |
|
Tel. No.: |
91-260-2669946 |
|
Fax No.: |
91-260-2669332 |
|
|
|
|
North Centre : Delhi |
7J, Gopala Tower,
25, Rajendra Place, Delhi - 110008, India |
|
Tel. No.: |
91-11-25862922/
23 |
|
E-Mail : |
|
|
|
|
|
East Centre: Kolkata |
4, Chowringhee Lane,
Block IV, Unit - 8 B, 8th Floor, Diamond Chamber, Kolkata – 700 016, West
Bengal, India |
|
Tel. No.: |
91-33-22521852/
53 |
|
E-Mail : |
|
|
|
|
|
South Centre: Hyderabad |
Swamy Sons
(Agency) Private Limited, Plot No. B-3. Uppal Industries Area, Uppal,
Hyderabad – 500 039, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23449365/
27033038/ 8476 |
|
E-Mail : |
DIRECTORS
As on 03.09.2014
|
Name : |
Mr. Vaghani Dinesh Ajay |
|
Designation : |
Managing Director |
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1966 |
|
Date of Appointment : |
26.06.2000 |
|
PAN No.: |
AAAPV6324J |
|
DIN No.: |
00186764 |
|
|
|
|
Name : |
Mrs. Vaghani Ajay Manisha |
|
Designation : |
Director |
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
19.04.1967 |
|
Date of Appointment : |
26.06.2000 |
|
PAN No.: |
ABYPV2293D |
|
DIN No.: |
00202603 |
|
|
|
|
Name : |
Mrs. Vaghani Dinesh Jyoti |
|
Designation : |
Director |
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1947 |
|
Date of Appointment : |
01.10.2006 |
|
DIN No.: |
02179495 |
KEY EXECUTIVES
|
Name : |
Mr. Rai Dipankar |
|
Designation : |
Secretary |
|
Address : |
E-16, Ashirwad Majas Madhu Co-operative Housing Society, Poonam Nagar, Off Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1973 |
|
Date of Appointment : |
12.12.2011 |
|
PAN No.: |
AFNPR7894H |
|
|
|
|
Name : |
Mr. Nishita Gandhar |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 03.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Dinesh Vaghani |
|
3428032 |
|
Ajay D Vaghani (HUF) |
|
2118500 |
|
Hamilton Consultants Private Limited, |
|
3422916 |
|
Indira B. Vaghani |
|
208300 |
|
Jyoti D. Vaghani |
|
208300 |
|
Manisha A. Vaghani |
|
1375500 |
|
Mahendra Ghelani |
|
2 |
|
Rasik Thakkar |
|
198450 |
|
Stead Fast Holdings Private Limited, |
|
40000 |
|
United International General Trading FZE, UAE |
|
360000 |
|
Total |
|
11360000 |
Equity Share Break up (Percentage of Total Equity)
As on 03.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
4.92 |
|
Bodies corporate |
30.48 |
|
Directors or relatives of Directors |
64.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of House Ware Plastic Products and House
Ware Products. |
|
|
|
|
Products : |
House Ware Plastic Products and House Ware Products |
|
|
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|
Brand Names : |
-- |
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|
Agencies Held : |
-- |
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Exports : |
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Products : |
House Ware Plastic Products and House Ware Products |
|
Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
800 (Approximately) |
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Bankers : |
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Facilities : |
Fund-Non Fund = Rs.150.000 Millions (From ICICI Bank Limited) Fund-Non Fund = Rs.100.000 Millions (From HDFC Bank Limited) Fund-Non Fund = Rs.100.000 Millions (From State Bank of India)
|
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
SBICAP Trustee Company Limited, 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
Mehta Chokshi and Shah Chartered Accountants |
|
Address : |
A-101, Aadeshwar, S. V. P. Road, Borivali (West), Mumbai – 400092,
Maharashtra, India |
|
PAN No.: |
AAAFM5817F |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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Subsidiary : |
CIN No.: U74130MH2005PTC157829
CIN no.: U74999DL2005PTC135966 |
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Associate : |
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|
Relatives of Directors / Directors and who are Directors of the Company and/ or Controlling major Shareholding |
|
CAPITAL STRUCTURE
As on 03.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11360000 |
Equity Shares |
Rs.10/- each |
Rs.113.600
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
113.600 |
113.600 |
113.600 |
|
(b) Reserves & Surplus |
1,421.786 |
1,103.680 |
913.558 |
|
(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) |
1,535.386 |
1,217.280 |
1,027.158 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
409.019 |
347.662 |
435.752 |
|
(b) Deferred tax liabilities (Net) |
62.902 |
47.193 |
33.296 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
471.921 |
394.855 |
469.048 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
378.827 |
200.523 |
326.620 |
|
(b) Trade
payables |
500.088 |
708.045 |
715.052 |
|
(c) Other
current liabilities |
168.815 |
193.326 |
167.297 |
|
(d) Short-term
provisions |
109.662 |
61.699 |
46.588 |
|
Total Current
Liabilities (4) |
1,157.392 |
1,163.593 |
1,255.557 |
|
|
|
|
|
|
TOTAL |
3,164.699 |
2,775.728 |
2,751.763 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1,013.699 |
934.047 |
888.093 |
|
(ii)
Intangible Assets |
6.195 |
7.529 |
4.740 |
|
(iii)
Capital work-in-progress |
118.853 |
3.305 |
5.488 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
129.039 |
129.039 |
114.439 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
44.958 |
42.243 |
57.961 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1,312.744 |
1,116.163 |
1,070.721 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
830.931 |
832.680 |
800.547 |
|
(c) Trade
receivables |
839.833 |
699.751 |
675.799 |
|
(d) Cash
and cash equivalents |
67.551 |
51.999 |
49.154 |
|
(e)
Short-term loans and advances |
112.660 |
74.489 |
140.258 |
|
(f) Other
current assets |
0.980 |
0.646 |
15.284 |
|
Total Current
Assets |
1,851.955 |
1,659.565 |
1,681.042 |
|
|
|
|
|
|
TOTAL |
3,164.699 |
2,775.728 |
2,751.763 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
5952.900 |
4648.500 |
3939.000 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
|
|
|
||
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
514.400 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
150.200 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
364.200 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
83.800 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
515.800 |
310.500 |
280.400 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
131.200 |
87.200 |
67.100 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
384.600 |
223.300 |
213.300 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
427.504 |
330.038 |
323.904 |
|
|
|
TOTAL EARNINGS |
427.504 |
330.038 |
323.904 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
33.86 |
19.66 |
18.78 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.46 |
4.80 |
5.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
13.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.68 |
11.75 |
10.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.26 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51 |
0.45 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.43 |
1.34 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
113.600 |
113.600 |
113.600 |
|
Reserves & Surplus |
913.558 |
1103.680 |
1421.786 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1027.158 |
1217.280 |
1535.386 |
|
|
|
|
|
|
Long Term borrowings |
435.752 |
347.662 |
409.019 |
|
Short Term borrowings |
326.620 |
200.523 |
378.827 |
|
Total
borrowings |
762.372 |
548.185 |
787.846 |
|
Debt/Equity
ratio |
0.742 |
0.450 |
0.513 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3,939.000 |
4,648.500 |
5,952.900 |
|
|
|
18.012 |
28.061 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
3,939.000 |
4,648.500 |
5,952.900 |
|
Profit |
213.300 |
223.300 |
384.600 |
|
|
5.42% |
4.80% |
6.46% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Current maturities of long term debt |
95.861 |
108.464 |
108.675 |
|
Total |
95.861 |
108.464 |
108.675 |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Deposits from others |
104.098 |
92.596 |
|
Loans and advances from related parties |
137.596 |
101.853 |
|
Total |
241.694 |
194.449 |
REVIEW OF
OPERATIONS
The company has performed exceedingly well looking into the present economic scenario. During the financial year 2013-14 the company’s revenue increased to Rs. 5952.900 Millions a growth of 28% as compared to the previous year. The net profit after tax for the same period was Rs. 384.600 Millions an increase of 72% as compared to the previous year.
During the year, the company has expanded its own manufacturing capacity of Thermoware and other Household products which has helped it to increase its revenues and margins. These products have been well accepted in the market. The company has now got a fully equipped design and R&D department. This has helped the company to introduce innovative and quality products for its customers on continuous basis. As a result of this the company has always been a market leader. The company is also making a lot of investment in strengthening its warehousing and distribution network to better service the market looking into the future growth prospects.
FUTURE PROSPECTS
The future prospects of the company are very bright, the revenues and profits are expected to keep showing an upward trend. The various plants of the Company are now running at its optimum capacity and the company is looking for further expansion in its installed capacity by setting up new manufacturing facilities. The Company’s endeavor to always introduce new products and designs in the market and maintain high standards in quality has helped it to maintain its leadership position. Having a strong distribution network and products which are well accepted in the market the directors expect, barring unforeseen circumstances, the Company to do exceedingly well in the years to come.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10510396 |
27/06/2014 |
200,000,000.00 |
Commonwealth Bank of Australia |
Level 2, Hoechst House, Nariman Point, Mumbai, Maharashtra - 400021, India |
C12319919 |
|
2 |
10484564 |
24/01/2014 |
350,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
C00383869 |
|
3 |
10470838 |
22/11/2013 |
155,000,000.00 |
Commonwealth Bank of Australia |
Level 2, Hoechst House, Nariman Point, Mumbai, Maharashtra - 400021, India |
B93763464 |
|
4 |
10448087 |
25/07/2013 |
150,000,000.00 |
ICICI Bank Limited |
Icici Bank Towers, Bandra Kurla Complex, Mumbai, Maharashtra - 400051, India |
B84598838 |
|
5 |
10330284 |
26/09/2014 * |
795,000,000.00 |
SBICAP Trustee Company Limited |
202 Maker Tower, E Cuffe Parade, Colaba, Mumbai, Maharashtra - 400005, India |
C29762432 |
|
6 |
10330290 |
26/09/2014 * |
1,662,800,000.00 |
SBICAP Trustee Company Limited |
202 Maker Tower, E Cuffe Parade, Colaba, Mumbai, Maharashtra - 400005, India |
C29760816 |
|
7 |
10266680 |
15/12/2010 |
255,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B04494878 |
|
8 |
10215455 |
29/03/2010 |
70,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A83937573 |
|
9 |
10156057 |
24/03/2009 |
80,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A61591574 |
|
10 |
10139274 |
29/01/2010 * |
180,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A81613648 |
|
11 |
10011409 |
19/07/2006 |
80,000,000.00 |
HDFC Bank Limited |
4/8 Main Road, Roop Nagar, Nr.Shaktinagar Chowk, New Delhi, Delhi - 110017, India |
A02963544 |
|
12 |
90101024 |
25/03/2011 * |
1,537,000,000.00 |
State Bank of India |
Overseas Branch, 2nd Floor, Arcade, World Trade Centre, Cuffe Parade,, Mumbai, Maharashtra - 400005, India |
B12768917 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
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.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
54 |
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.