MIRA
INFORM REPORT
|
Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
JANAK HEALTHCARE PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
METALBEDS INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Janak House,
Opposite Indian Oil Corporation Depot, Antop Hill, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
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|
Date of
Incorporation : |
02.12.1999 |
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|
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|
Com. Reg. No.: |
11- 122868 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 31.450 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36100MH1999PTC122868 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM02400G /
MUMM24031A |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCM0219N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of
Hospitality Furniture. |
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|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by decent
liquidity position. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered 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 |
SME Ratings (SME 1) |
|
Rating Explanation |
Highest credit worthiness adjusted in
relation to other SME’s. |
|
Date |
26.02.2013 |
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 : |
Ms. Prachi |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-49153000 |
|
Date : |
12.12.2014 |
LOCATIONS
|
Registered Office : |
Janak House, Opposite
Indian Oil Corporation Depot, Antop Hill, Sheikh Mistry Road, Wadala (East),
Mumbai - 400037, Maharashtra, India |
|
Tel. No.: |
91-22-24180637/
24150408/ 24130407/ 49153000/24120171 |
|
Fax No.: |
91-22-24139870/2418063 |
|
E-Mail : |
pramod.jadhav@janakhealthcare.com
apurva.mehta@janakhealthcare.com
madhusudan@janakhealthcare.com
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Kalpataru Point,
Unit No. 12, 1st Floor, Opposite Cinemax Theatre, Sion (East), Mumbai -
400022, Maharashtra, India |
|
Tel. No.: |
91-22-49153000 |
|
Fax No.: |
91-22-49153100 |
|
|
|
|
Factory : |
A-1/3, G.I.D.C.
Estate, Umbergaon-390171, District Valsad, Gujarat, India |
|
Tel. No.: |
91-260-2562406/
2562706/ 2563516/ 2562416 |
|
Fax No.: |
91-260-2562706 |
|
|
|
|
Branch Office : |
·
432 / 1 / 2, Prince Anwar Shah Road, Kolkata –
700045, West Bengal, India Tel.
No. 91-33-24187163 ·
Janak house, opp indian oil corporation depot,
Sheikh misry road, wadala east, Mumbai-400037, Maharashtra, India Tel No.: 91-22--24120171022-24120171 Fax No.: 022-24139870 ·
15-16 Community Centre, Naraina Industrial Area,
Phase – I, First Floor, Office No.2, Near Naraina P.O., New Delhi – 110028,
India Tel.
No: 91-11-25794892/25794764/25794764 ·
No. 9, City Centre, 1st Floor, 66, Thirumalai
Pillai Road, Near Vani Mahal, T. Nagar, Chennai – 600017, Tamilnadu, India Tel No.: 91-44-28158075/28158075/ 28156356 Fax No.: 91- 44-28156356 |
DIRECTORS
As on: 27.11.2013
|
Name : |
Mr. Apurva
Jayantilal Mehta |
|
Designation : |
Director |
|
Address : |
153, Jain Society, 3rd Floor, Shri Mahavir Co-operative
Housing Society, Sion, Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
02.12.1999 |
|
DIN No.: |
00051072 |
|
|
|
|
Name : |
Mr. Robert James Morris |
|
Designation : |
Nominee Director |
|
Address : |
1822, Lexington Drive, Troy 48084, United States of America |
|
Date of Appointment : |
07.04.2012 |
|
DIN No.: |
01394704 |
|
|
|
|
Name : |
Dr. Anne Eiting Klamar |
|
Designation : |
Director |
|
Address : |
875, Wooodland, Dr. Versailles, Oh 45380, USA |
|
Date of Birth/Age : |
31.03.1961 |
|
Date of Appointment : |
22.12.2008 |
|
DIN No.: |
02421161 |
|
|
|
|
Name : |
Mr. Vijay Ashok Kumar Paliwal |
|
Designation : |
Nominee director |
|
Address : |
219, Denwood TRL, Clayton 45315, United States of America |
|
Date of Birth/Age : |
20.05.1977 |
|
Date of Appointment : |
26.08.2010 |
|
DIN No.: |
02903223 |
|
|
|
|
Name : |
Mr. Amit Hasmukh Mehta |
|
Designation : |
Nominee director |
|
Address : |
601, Crystal Classic CHS Limited, 6th Floor, S V Road, Vile
Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1963 |
|
Date of Appointment : |
12.05.2010 |
|
DIN No.: |
03090161 |
KEY EXECUTIVES
|
Name : |
Mr. Shriram Kaustubh Koprkar |
|
Designation : |
Secretary |
|
Address : |
501, Marigold Maitri Gardens, next To Oswal Park, Pokharan Road, No.2,
Thane (West) – 4000601, Maharashtra, India, |
|
Date of Birth/Age : |
26.08.1973 |
|
Date of Appointment : |
01.09.2012 |
|
PAN: |
ACOPK9687R |
|
|
|
|
Name : |
Ms. Prachi |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.11.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Amit Jayantilal Mehta Joint Shareholding With Rita A. Mehta |
20876 |
0.66 |
|
Apurva Jayantilal Mehta With Hema Mehta |
380699 |
12.10 |
|
Apurva Jayantilal Mehta With Atman A. Mehta |
203298 |
6.46 |
|
Apurva Jayantilal Mehta With Subir A. Mehta |
203298 |
6.46 |
|
Hasmukh Mehta With Vasant H. Mehta |
215543 |
6.85 |
|
Hasmukh Mehta With Amit H Mehta |
207146 |
6.59 |
|
Hasmukh Mehta With Raj H. Mehta |
207146 |
6.59 |
|
Midmark Corporation, USA |
1706994 |
54.28 |
|
|
|
|
|
Total |
3145000 |
100.00 |
As on: 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
54.28 |
|
Directors or relatives of Directors |
45.72 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Hospitality Furniture. |
|
|
|
|
Products : |
· ICO Solutions · Exam Room Solutions · Maternal and Gynaec · Transfer Solutions · Ward care Solutions · Treatment Chairs · OT Solutions · OT Solutions (2) |
|
|
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|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
|
Countries : |
· USA Gulf Countries |
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Imports : |
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|
Products : |
Raw Material |
|
Countries : |
· USA |
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|
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Terms : |
|
|
Selling : |
L/C and Credit |
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|
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
End Users |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West],
Mumbai – 400013, Maharashtra, India (Tel No.: 91-22-6652100) |
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Facilities : |
Note: LONG TERM
BORROWING: ·
Secured by stock, book debts and entire current assets
and movable fixed assets of the company. SHORT TERM
BORROWINGS ·
Unsecured Loans from others is on account of
merger of subsidiary company and is interest free ·
Loan from Bank represents cash credit facility
bearing interest rate @13% p.a. ·
The cash credit facility is secured by stock,
book debts and entire Current asset and movable fixed assets of the company |
|||||||||||||||||||||
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Banking
Relations : |
--- |
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Auditors : |
|
|
Name : |
Deloitte Huskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th-32nd Floor,Indiabulls Finance Centre, Senapati Bapat
Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
|
Fax No.: |
91-22-61854501/4601 |
|
PAN No.: |
AACFD4815A |
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|
|
|
Holding Company : |
·
Midmark Corporation, USA |
|
|
|
|
Subsidiaries : |
·
Janak Medicare Private Limited
[U33110MH2008PTC181578] |
|
|
|
|
Fellow Subsidiaries : |
·
Newmed S.R.L. ·
Midmark Europe |
|
|
|
|
Associates and Other Entity : |
·
Janak Sales and Services ·
Metal Beds India |
CAPITAL STRUCTURE
As on 30.09.2013
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5020000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.200 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3145000 |
Equity Shares |
Rs. 10/- each |
Rs. 31.450
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
31.450 |
31.450 |
31.450 |
|
(b) Reserves & Surplus |
275.610 |
250.453 |
193.678 |
|
(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) |
307.060 |
281.903 |
225.128 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.274 |
1.154 |
|
(b) Deferred tax liabilities (Net) |
10.028 |
10.170 |
9.216 |
|
(c) Other long term liabilities |
3.285 |
1.260 |
1.811 |
|
(d) long-term provisions |
2.000 |
5.000 |
7.318 |
|
Total Non-current Liabilities (3) |
15.313 |
16.704 |
19.499 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16.548 |
19.755 |
2.188 |
|
(b) Trade payables |
157.324 |
84.928 |
119.424 |
|
(c) Other current liabilities |
63.702 |
28.868 |
38.437 |
|
(d) Short-term provisions |
12.213 |
15.178 |
20.522 |
|
Total Current Liabilities (4) |
249.787 |
148.729 |
180.571 |
|
|
|
|
|
|
TOTAL |
572.160 |
447.336 |
425.198 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
108.010 |
92.272 |
66.773 |
|
(ii) Intangible Assets |
11.793 |
0.001 |
0.001 |
|
(iii) Capital
work-in-progress |
0.000 |
6.605 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.200 |
0.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.036 |
6.267 |
7.782 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
134.839 |
105.345 |
74.756 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
189.708 |
123.699 |
112.879 |
|
(c) Trade receivables |
182.907 |
120.534 |
189.003 |
|
(d) Cash and cash
equivalents |
33.442 |
81.678 |
30.850 |
|
(e) Short-term loans and
advances |
26.694 |
10.023 |
17.710 |
|
(f) Other current assets |
4.570 |
6.057 |
0.000 |
|
Total Current Assets |
437.321 |
341.991 |
350.442 |
|
|
|
|
|
|
TOTAL |
572.160 |
447.336 |
425.198 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
856.703 |
805.934 |
761.527 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
800.295 |
684.495 |
636.682 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
56.408 |
121.439 |
124.845 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.915 |
2.078 |
2.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
53.493 |
119.361 |
122.533 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.590 |
6.277 |
5.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
41.903 |
113.084 |
117.207 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.558 |
39.467 |
40.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
30.345 |
73.617 |
77.144 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
166.711 |
117.298 |
68.774 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Profit
on merger of Janak Medicare Private Limited |
(0.574) |
0.000 |
0.000 |
|
|
|
Transfer to General Reserve |
2.276 |
7.362 |
7.714 |
|
|
|
Dividend |
7.053 |
16.842 |
20.906 |
|
|
BALANCE CARRIED
TO THE B/S |
188.301 |
166.711 |
117.298 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
2.399 |
8.919 |
17.195 |
|
|
|
Export Earnings |
12.178 |
8.955 |
14.376 |
|
|
|
Reimbursement |
1.288 |
0.000 |
0.362 |
|
|
TOTAL EARNINGS |
15.865 |
17.874 |
31.933 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
74.794 |
66.802 |
31.439 |
|
|
|
Trading Materials |
38.264 |
39.139 |
64.772 |
|
|
|
Capital Goods |
0.000 |
9.483 |
0.000 |
|
|
TOTAL IMPORTS |
113.058 |
115.424 |
96.211 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
9.64 |
23.41 |
24.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.32 |
25.67 |
27.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.40 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05 |
0.07 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
2.30 |
1.94 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
31.450 |
31.450 |
31.450 |
|
Reserves & Surplus |
193.678 |
250.453 |
275.610 |
|
Net worth |
225.128 |
281.903 |
307.060 |
|
|
|
|
|
|
long-term borrowings |
1.154 |
0.274 |
0.000 |
|
Short term borrowings |
2.188 |
19.755 |
16.548 |
|
Total borrowings |
3.342 |
20.029 |
16.548 |
|
Debt/Equity ratio |
0.015 |
0.071 |
0.054 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
761.527 |
805.934 |
856.703 |
|
|
|
5.831 |
6.299 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
761.527 |
805.934 |
856.703 |
|
Profit |
77.144 |
73.617 |
30.345 |
|
|
10.13% |
9.13% |
3.54% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long term debt |
0.391 |
0.721 |
0.478 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
LITIGATION DETAILS:
|
Bench:- Bombay |
|||||||
|
Presentation Date:-13.06.2014 |
|||||||
|
Lodging No. : |
ARBPL/920/2014 |
Failing Date:- |
13/06/2014 |
Reg. No.:- |
- |
Reg. Date:- |
- |
|
|
|||||||
|
Petitioner:- |
MIDMARK CORPORATION |
Respondent:- |
JANAK HEALTHCARE PVT. LTD. AND 8 OTHER |
||||
|
Petn.Adv:- |
MAJMUDAR AND PARTNERS (12362) |
Resp. Adv.: |
|
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
SINGLE |
Category:- |
ARBITRATION ACT. |
||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
||||
|
Last Date:- |
23/09/2014 |
|
|||||
|
Last Coram:- |
REGISTRAR (OS) PROTHONOTARY AND SR. MASTER |
||||||
|
|
|
||||||
|
Act. : |
Arbitration And Conciliation Act 1996 |
Under Section: 9 |
|||||
UNSECURED LOANS
|
Unsecured Loans |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM
BORROWINGS |
|
|
|
Due from a subsidiary company Janak Medicare Private Limited |
0.000 |
2.678 |
|
From Others |
3.879 |
|
|
From Banks |
12.669 |
17.077 |
|
|
|
|
|
Total |
16.548 |
19.755 |
CONTINGENT LIABILITIES:
|
Particular |
31st
March 2013 (Rs.
In Millions) |
|
Claims Against company not acknowledged as debts income Tax Authorities |
2.167 |
|
Central Excise |
0.205 |
|
Unexpired Letter of Credit |
13.639 |
|
RBI related matters |
1.000 |
|
Total |
17.011 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10015448 |
30/01/2010 * |
126,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
A81459364 |
|
2 |
80010040 |
25/02/2010 * |
146,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
A83599944 |
* Date of charge modification
FIXED ASSETS
Ø
Land
Ø
Ø
Plant And Machinery
Ø
Computer
Ø
Mattress
Ø
Vehicles
Ø
Office Premises
Ø
Office Equipment
Ø
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.62.20 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.77.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.