1. Summary Information
|
Country |
India |
||
|
Company Name |
HABEEB TANNING
COMPANY |
Principal Name 1 |
Mr. A. Mohammed Ameen |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. A Mohammad Ashraf |
|
Registration # |
-- |
||
|
Street Address |
3/2, Jamalia
Nagar, Permbur High Road, Chennai - 600012, Tamilnadu, India |
||
|
Established Date |
1980 |
SIC Code |
-- |
|
Telephone# |
91-44-26625933/
26620087 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-26625933 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Finished Leather |
|
|
# of employees |
1000 (Approximately) |
Product Name 2 |
Shoe Upper |
|
Paid up capital |
Not Divulged |
Product Name 3 |
Shoes |
|
Shareholders |
Not Available |
Banking |
Indian Bank |
|
Public Limited Corp. |
NO |
Business Period |
34 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister Concern |
India
|
Habeeb Hides |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1000,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
1000,000,000 |
Net Profit(Prev.yr) |
-- |
MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
HABEEB TANNING COMPANY |
|
|
|
|
Registered
Office : |
3/2, Jamalia Nagar, Permbur High Road, Chennai - 600012, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1980 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Finished Leather, Shoe Upper and Shoes. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established partnership concern having satisfactory track record. Concern is performing well. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The concern can be considered for business dealing at usual trade terms and condition. |
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 |
Long Term Rating=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
12.04.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
12.04.2013 |
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.
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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
INFORMATION PARTED BY
|
Name : |
Mr. Sayed |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-44-26625933 |
|
Date : |
20.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
3/2, Jamalia Nagar, Permbur High Road, Chennai – 600012, Tamilnadu,
India |
|
Tel. No.: |
91-44-26625933/ 26620087 |
|
Mobile No: |
91-9840426676 (Mr. Nasir Uddin) |
|
Tele Fax No.: |
91-44-26625933 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Tannery : |
Ammanan Kuppam Village, Railway Station Road, Gudiyattam - 635602,
Tamilnadu, India |
|
Tel. No.: |
91-4171-220528 |
|
Fax No.: |
91-4171-222428 |
|
E-Mail : |
|
|
|
|
|
Shoe Division: |
S Beedi Complex, |
|
Tel. No.: |
91-4171-221028 |
|
Fax No.: |
91-4171-221528 |
|
E-Mail : |
|
|
|
|
|
Shoe Division : |
Ammnan Kuppam Village, Railway Station Road, Gudiyattam - 635602,
Tamilnadu, India |
|
Tel. No.: |
91-4171-227728 |
|
Fax No.: |
91-4171-227828 |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. A. Mohammed Ameen |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Mohammad Ashraf |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Mohammad Siddique |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Habibur Rehman |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Ateequr Rahman |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Suhail Ahmed |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Waseefur Rehman |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Tanveer Ahmed |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Hafieezur Rehmand |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Uvais Ahmed |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Imran Rehman |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. A Salman Ahmed |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Kaseel Ahmed |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Sayed |
|
Designation : |
Accounts Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Finished Leather, Shoe Upper and Shoes. |
|
|
|
|
Products : |
Cow Finished Leather: - · Nubuck · C/G Smooth N. · Brush off · Oil Pullup · Burnish · Glazed · Polished · Resin / Aniline Softy · Protective Coated · Drumdyed Lining Shoe Uppers: - · Shoe Uppers for Mens · Ladies and Children Full Shoe: - · Full Shoe for mens Ladies and Children |
|
|
|
|
Exports : |
|
|
Products : |
·
Finished Leather ·
Shoe Upper ·
Shoes |
|
Countries : |
·
Europe ·
African Country ·
Far East |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Europe ·
Australia ·
Africa ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|
|
|
|
No. of Employees : |
1000 (Approximately) |
|
|
|
|
Bankers : |
Indian Bank, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Swami Shankar Shekhar and Company Chartered Accountants |
|
|
|
|
Parent Company: |
A Habeebur Rehman Sons |
|
|
|
|
Sister Concern : |
Name : Habeeb Hides Address: 3/2, Jamalia
Nagar, Permbur High Road, Chennai – 600012, Tamilnadu, India Line of
Business: Manufacturer and Exporter of Finished Leather, Shoe Upper and Shoes. |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
1000.000 |
1000.000 |
800.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.1000.000 Millions
The above information has been parted by Mr. Nasir Uddin
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
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 |
|
Sales |
800.000 |
1000.000 |
1000.000 |
|
|
|
25.000 |
0.000 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
No |
|
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 |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
TRADE REFERENCE:
- Tommy Hilfiger
- Piel Colour Tannery
AS PER WEBSITE DETAILS:
Profile
Subject (HTC) was established in 1980 to manufacture high quality finished leather, catering to the needs and changing trends of the global leather industry. Their strong commitment to deliver the finest quality finished leather has helped them establish a firm presence in international markets. Renowned for their consistent quality and top finish, finished leather from HTC is most sought after in Europe and the Far East.
HTC is a fully family owned concern, established by Mr. A. M. AMEEN, Mr. A.M. ASHRAF and Mr. A.M. SIDDIQUE who already own and run an established and reputed brand of Indian cigarettes called Bidis which is sold under the brand name "S.Bidis" in India and Middle East.
The morals and ethics of the founders of HTC are reflected in the operations of
HTC, which is committed to high business ethics, quality, and consistent
deliveries, thus making them a highly trustworthy and reputed organization in
the industry.
After decades of continuous efforts, commitment and consistency, they have now ventured into manufacturing of Shoe Uppers and fashion shoes for gents and ladies. These products are being exported to Germany, Italy, UK, Portugal, and France.
HTC enjoys membership status in organizations like Council for Leather Exports, FIEO, AISHTMA and ITPO and is also a recognized Export House since 1995.
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.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
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 |
|
48 |
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.