1. Summary Information
|
|
|
Country |
India |
|
Company Name |
HYSCO STEELS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Jeon Bok Lee |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Lee Sang Kook |
|
|
|
Registration # |
18-060275 |
|
Street Address |
No.49 Sengadu Village, Sriperumbudur,
Manavalanagar, Kanchipuram – 602002, Tamilnadu, India |
||
|
Established Date |
20.06.2006 |
SIC Code |
-- |
|
Telephone# |
91-44-27658355 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-27658356 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Cold Rolled Sheets |
|
|
# of employees |
Not Available |
Product Name 2 |
Galvanized Steels |
|
Paid up capital |
Rs. 463,839,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign Holding – 100% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
8Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Korea
|
Hyundai
Hysco Company Limited |
--- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,704,590,000 |
Current Liabilities |
762,900,000 |
|
Inventories |
4,022,230,000 |
Long-term Liabilities |
4,699,600,000 |
|
Fixed Assets |
610,240,000 |
Other Liabilities |
32,030,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
5,494,530,000 |
|
Invest& other Assets |
550,000,000 |
Retained Earnings |
928,690,000 |
|
|
|
Net Worth |
1,392,530,000 |
|
Total Assets |
6,887,060,000 |
Total Liab. & Equity |
6,887,060,000 |
|
Total Assets (Previous Year) |
7,124,300,0000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
19,924,470,000 |
Net Profit |
271.560.000 |
|
Sales(Previous yr) |
19,134,410,000 |
Net Profit(Prev.yr) |
75.060.000 |
MIRA
INFORM REPORT
|
Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
HYSCO STEELS INDIA PRIVATE LIMITED (w.e.f. 19.04.2011) |
|
|
|
|
Formerly Known
As : |
HYSCO STEELS INDIA LIMITED |
|
|
|
|
Registered Office
: |
No.49 Sengadu Village, Sriperumbudur, Manavalanagar, Kanchipuram –
602002, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.06.2006 |
|
|
|
|
Com. Reg. No.: |
18-060275 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.463.840 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104TN2006PTC060275 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEH03943C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH7074D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, exporter and importer of cold rolled sheets, galvanized
steel, steel-electro. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Hyundai HYSCO Company Limited, Korea. It is an established company having satisfactory track. There seems huge growth in the profitability of the company during
current year. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted for
the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Facility = BBB- |
|
Rating Explanation |
Moderate degree of safety it carry moderate risk |
|
Date |
August, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based and Non Fund Based Facility = A3 |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
August, 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.
LOCATIONS
|
Registered Office / Factory : |
No.49 Sengadu Village, Sriperumbudur, Manavalanagar, Kanchipuram –
602002, Tamilnadu, India |
|
Tel. No.: |
91-44-27658355 |
|
Fax No.: |
91-44-27658356 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Lee Sang Kook |
|
Designation : |
Director |
|
Address : |
Flat No. 2A, Jeyamkondar Apartments, No.40, |
|
Date of Birth/Age : |
15.08.1960 |
|
Date of Appointment : |
20.06.2006 |
|
DIN : |
01282683 |
|
|
|
|
Name : |
Mr. Jeon Bok Lee |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
16.09.1958 |
|
Date of Appointment : |
22.01.2010 |
|
DIN : |
02962490 |
|
|
|
|
Name : |
Mr. Hajin Lee |
|
Designation : |
Director |
|
Address : |
No17/18/24, Princellah Apartment Co Operative Colony, Near Park Sherton Hotel, Adyar Gate, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
30.11.2013 |
|
Date of Appointment : |
24.02.1970 |
|
DIN : |
06769877 |
|
|
|
|
Name : |
Mr. Shin Yong Hun |
|
Designation : |
Additional Director |
|
Address : |
Daer IM Apartments 3-1103, 176 Wiryeseong – Daero, Songpa – GU, Seoul
– 446908, Korea, Republic Of |
|
Date of Birth/Age : |
09.09.1955 |
|
Date of Appointment : |
12.03.2012 |
|
DIN : |
05232748 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hyundai Hysco Company Limited, Korea |
|
463833 |
|
Won Kab Kim (Nominee of Hyundai) |
|
1 |
|
Hee Bong AHN (Nominee of Hyundai) |
|
1 |
|
Sang Kook Lee (Nominee of
Hyundai) |
|
1 |
|
Young Hun Shin (Nominee of Hyundai) |
|
1 |
|
Sang Sick Sung (Nominee of Hyundai) |
|
1 |
|
Kyung Suk Kim (Nominee of Hyundai) |
|
1 |
|
|
|
|
|
Total |
|
463839 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter and importer of cold rolled sheets, galvanized
steel, steel-electro. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · Standard Chartered Bank · Citi Bank ·
Korean Exchange Bank |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitee Haskins and Sells Chartered Accountants |
|
Address : |
ASV N Ramana Towers 52, Venkatnarayana Road, T. Nagar, Chennai –
600017, Tamilnadu, India |
|
PAN No.: |
AAAFR0728C |
|
|
|
|
Holding Company : |
Hyundai Hysco Company Limited, Korea |
|
|
|
|
Subsidiaries Company : |
Automotive Steels Pipe India Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.1000/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
463839 |
Equity Share |
Rs.1000/- each |
Rs.463.839 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
463.840 |
463.840 |
|
(b) Reserves & Surplus |
|
928.690 |
640.450 |
|
(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) |
|
1392.530 |
1104.290 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
28.960 |
0.000 |
|
(c) Other long term liabilities |
|
115.070 |
115.760 |
|
(d) long-term provisions |
|
0.000 |
2.120 |
|
Total Non-current Liabilities (3) |
|
144.030 |
117.880 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
4699.600 |
4678.660 |
|
(b) Trade payables |
|
562.050 |
1111.170 |
|
(c) Other current
liabilities |
|
85.780 |
110.040 |
|
(d) Short-term provisions |
|
3.070 |
2.260 |
|
Total Current Liabilities (4) |
|
5350.500 |
5902.130 |
|
|
|
|
|
|
TOTAL |
|
6887.060 |
7124.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
584.130 |
436.660 |
|
(ii) Intangible Assets |
|
26.110 |
23.410 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
550.000 |
341.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
41.260 |
|
(d) Long-term Loan and Advances |
|
118.850 |
110.120 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1279.090 |
952.450 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4022.230 |
4509.440 |
|
(c) Trade receivables |
|
341.520 |
841.270 |
|
(d) Cash and cash
equivalents |
|
634.800 |
317.560 |
|
(e) Short-term loans and
advances |
|
581.640 |
480.380 |
|
(f) Other current assets |
|
27.780 |
23.200 |
|
Total Current Assets |
|
5607.970 |
6171.850 |
|
|
|
|
|
|
TOTAL |
|
6887.060 |
7124.300 |
|
Particulars |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
463.839 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
565.387 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1029.226 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1171.990 |
|
|
2] Unsecured Loans |
|
|
1676.529 |
|
|
TOTAL BORROWING |
|
|
2848.519 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3877.745 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
503.514 |
|
|
Capital work-in-progress |
|
|
0.378 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3299.928
|
|
|
Sundry Debtors |
|
|
539.451
|
|
|
Cash & Bank Balances |
|
|
134.222
|
|
|
Other Current Assets |
|
|
35.783
|
|
|
Loans & Advances |
|
|
380.187
|
|
Total
Current Assets |
|
|
4389.571
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
831.617
|
|
|
Other Current Liabilities |
|
|
168.692
|
|
|
Provisions |
|
|
15.409
|
|
Total
Current Liabilities |
|
|
1015.718
|
|
|
Net Current Assets |
|
|
3373.853
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3877.745 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19924.470 |
19134.410 |
15133.500 |
|
|
|
Other Income |
|
|
213.400 |
|
|
|
TOTAL (A) |
19924.470 |
19134.410 |
15346.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
19506.080 |
19021.030 |
14579.200 |
|
|
|
(Including
Financial and Depreciation Exposes) |
(Including
Financial and Depreciation Exposes) |
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
767.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
173.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
418.390 |
113.380 |
594.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
146.830 |
38.320 |
306.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
271.560 |
75.060 |
287.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.410 |
0.000 |
0.521 |
|
|
|
Insurance /Other Claims |
0.000 |
4.870 |
0.000 |
|
|
TOTAL EARNINGS |
0.410 |
4.870 |
0.521 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
5.250 |
|
|
|
Raw Materials |
13224.060 |
13852.660 |
3299.307 |
|
|
|
Traded Goods |
|
|
6596.526 |
|
|
TOTAL IMPORTS |
13224.060 |
13852.660 |
9901.083 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
585.46 |
161.82 |
620.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.36
|
0.39 |
1.87
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
3.93
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.60
|
1.68 |
12.15
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.10 |
0.58
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.37
|
4.24 |
2.77
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.05 |
4.32
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
Note:
The registered office of the company has been shifted from Flat No. 2A, No.40
Jeyamkondar Building, Murrays Gate Road, Alwarpet Chennai – 600018, Tamilnadu,
India to present address w.e.f. 11.06.2007
OPERATION
During the year, the Company posted significant Increase in Profit after Tax to the tune of three times higher as compared to the previous year. The Company is positive to carry same trend in coming years also.
FUTURE OUTLOOK
The Order Booking for the Current Year is encouraging and the company is taking Conscious efforts to bring down the Material and value added cost in the ensuing Financial Year. The company is confident of Posting Higher Turnover and Profit for the ensuing financial year.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
SHORT TERM BORROWINGS |
|
|
|
Working Capital Loans From Banks |
2766.520 |
3728.090 |
|
Total |
2766.520 |
3728.090 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10427478 |
10/05/2013 |
370,500,000.00 |
WOORI BANK |
6TH FLOOR, EA CHAMBERS NO. 49, 50L, WHITES ROAD, |
B75725010 |
|
2 |
10260520 |
26/07/2013 * |
1,200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B83714337 |
|
3 |
10206825 |
22/06/2009 |
430,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A74546524 |
|
4 |
10101070 |
26/03/2008 |
400,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A37489408 |
|
5 |
10080743 |
30/01/2013 * |
1,350,000,000.00 |
STANDARD CHARTERED BANK |
19, RAJAJI SALAI, CHENNAI, TAMILNADU - 600001, INDIA |
B67126920 |
* Date of charge modification
FIXED ASSETS
§
Land
§
Building
§
Plant and Machinery
§
Furniture and Fixtures
§
Computer
§
Software
§
Office Equipments
§
Vehicles
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.102.95 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.