MIRA
INFORM REPORT
|
Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
GARGI HUTTENES ALBERTUS PRIVATE LIMITED (w.e.f. 31.07.2001) |
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Formerly Known
As : |
GARGI HUTTENES ALBERTUS LIMITED (w.e.f. 01.07.1997) GARGI HUTTENES ALBERTUS PRIVATE LIMITED |
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Registered
Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
07.03.1988 |
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Com. Reg. No.: |
11-046413 |
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Capital
Investment / Paid-up Capital : |
Rs.97.000 Millions |
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CIN No.: [Company Identification
No.] |
U74999MH1988PTC046413 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08652A |
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PAN No.: [Permanent Account No.] |
AAACG3997K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of Foundry Chemicals and Fluxes. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Management of the company has filed its financial for the year 2013,
but the same could not be made available with us. As per available financial (2012), we found that the company’s
financial position is normal. However, profit and Loss statement is not
available. Trade relations are reported as fair. Business is active. In absence
of latest financials, Payment terms are slow but correct. The company can be considered 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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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.
LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE
CONTACT NO.: 91-22-25201596
LOCATIONS
|
Registered Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra, India |
|
Tel. No.: |
91-22-25201596/ 97/ 25201396/ 97 |
|
Fax No.: |
91-22-25202706/ 3080 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.D-360/361, M.I.D.C., TTC Industrial Area, District
Navi Mumbai– 400706, Maharashtra, India |
DIRECTORS
(AS ON 24.09.2013)
|
Name : |
Mr. Vinod Vishwamitra Kapur |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
18, Union Park,
Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1943 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
07.03.1988 |
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Voter ID No.: |
MT07047505690 |
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DIN No.: |
00474054 |
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|
|
|
Name : |
Mr. Vicky Vishwamitra Kapur |
|
Designation : |
Managing Director |
|
Address : |
18, Union Park,
Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1952 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
07.03.1988 |
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Voter ID No.: |
MT07047505748 |
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DIN No.: |
00474210 |
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|
|
|
Name : |
Mr. Gaurav Vinod
Kapur |
|
Designation : |
Whole Time
Director |
|
Address : |
18, Union Park,
Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1979 |
|
Date of Appointment : |
01.11.2008 |
|
Voter ID No.: |
XYP1143312 |
|
DIN No.: |
00034397 |
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|
|
|
Name : |
Mr. Klaus Hermann
Georg Pampel |
|
Designation : |
Director |
|
Address : |
Stratumer, Strabe
72, Meerbusch-40668, Germany |
|
Date of Birth/Age : |
19.10.1949 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
14.02.2005 |
|
DIN No.: |
01762246 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Senior Export Manager |
|
|
|
|
Name : |
Ms. Shruti Pushkaraj Phule |
|
Designation : |
Company Secretary |
|
Date of Appointment : |
12.03.2012 |
|
PAN No.: |
BPLPP6052C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 24.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
Vinod Kapur HUF |
|
88000 |
|
Vicky Kapur HUF |
|
88000 |
|
Vinod Kapur Jointly with Sangeeta Mehra and Suresh Mehra |
|
1 |
|
Huttenes Albertus Chemische Werke Gmbh, Germany |
|
388000 |
|
Vicky Kapur Jointly with Rajkumar Kapur |
|
1 |
|
Varun Kapur Jointly with Namita Kapur |
|
47839 |
|
Vicky Kapur |
|
154776 |
|
Vinod Kapur |
|
154774 |
|
Vinod Kapur Jointly with Sabita Pal
|
|
2 |
|
Vinod Kapur Jointly with Madhuri Mehra
|
|
1 |
|
Vicky Kapur |
|
1 |
|
Vicky Kapur Jointly with Bina Ray |
|
1 |
|
Vicky Kapur |
|
1 |
|
Vicky Kapur Jointly with Vibha Kapur |
|
1 |
|
Vicky Kapur Jointly with Anisha Kapur |
|
1 |
|
Vicky Kapur |
|
1 |
|
Vinod Kapur Jointly with Uma Chopra |
|
1 |
|
Vinod Kapur Jointly with Prem Chopra |
|
1 |
|
Vinod Kapur |
|
1 |
|
Vinod Kapur Jointly with Anjali Kedia |
|
2 |
|
Vinod Kapur Jointly with Gargi Ahluwalia and Hemlata
Kamani |
|
1 |
|
Vinod Kapur Jointly with Anjana Gurbaxani |
|
2 |
|
Vicky Kapur Jointly with Khosla Industries |
|
1 |
|
Vicky Kapur Jointly with |
|
1 |
|
Vicky Kapur Jointly with |
|
1 |
|
Gaurav V. Kapur, Jointly with Vinod Kapur and Geeta Kapur |
|
47839 |
|
Gargi Holdings Private Limited |
|
750 |
|
|
|
|
|
Total |
|
970000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
40.00 |
|
Directors or relatives of directors |
|
60.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Foundry Chemicals and Fluxes. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla
Complex, Bandra (East), Mumbai - 400 051, Maharashtra, India ·
The Cosmos Co-Operative Bank Limited Chembur Branch, Richmonds Heights, Plot No.239, Centre Avenue Road,
Chembur, Mumbai – 400 071, Maharashtra, India
· Development Credit Bank Limited Vashi Branch, Mumbai – 400703, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
J.V. Sanghvi and Company Chartered Accountants |
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Address : |
Office No.1, Namrata – A, |
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Tel No.: |
91-22-32449541 |
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PAN No.: |
AAGPS0434E |
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Collaborators : |
·
Huttenes Albertus Chemische Werke Gmbh,
Germany |
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Associates: |
· Gargi Industries · Gargi Holding Private Limited · Gargi Impex Corporation · Gargi Steel Chem Private Limited · Gargi Metallurgical Corporation · Gargi Engg Enterprise Private Limited · Gaurav Infrabuild Private Limited · Gargi Magna Steelchem Private Limited · Gargi Crystal Steelchem Private Limited |
CAPITAL STRUCTURE
(AS ON 24.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
970000 |
Equity Shares |
Rs.100/- each |
Rs.97.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
97.000 |
97.000 |
|
(b) Reserves & Surplus |
|
510.661 |
387.999 |
|
(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) |
|
607.661 |
484.999 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
25.410 |
35.468 |
|
(b) Deferred tax liabilities (Net) |
|
8.647 |
4.043 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
34.057 |
39.511 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
222.070 |
231.617 |
|
(b)
Trade payables |
|
416.528 |
372.794 |
|
(c) Other
current liabilities |
|
49.828 |
21.395 |
|
(d) Short-term
provisions |
|
42.796 |
50.511 |
|
Total Current
Liabilities (4) |
|
731.222 |
676.317 |
|
|
|
|
|
|
TOTAL |
|
1372.940 |
1200.827 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
248.728 |
210.359 |
|
(ii)
Intangible Assets |
|
0.023 |
0.031 |
|
(iii)
Capital work-in-progress |
|
17.842 |
17.887 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.916 |
5.216 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.659 |
5.762 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
277.168 |
239.255 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
182.208 |
139.474 |
|
(c)
Trade receivables |
|
866.311 |
753.976 |
|
(d) Cash
and cash equivalents |
|
23.043 |
33.643 |
|
(e)
Short-term loans and advances |
|
24.210 |
34.479 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1095.772 |
961.572 |
|
|
|
|
|
|
TOTAL |
|
1372.940 |
1200.827 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
97.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
290.969 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
387.969 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
64.505 |
|
|
2] Unsecured Loans |
|
|
102.673 |
|
|
TOTAL BORROWING |
|
|
167.178 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.104 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
559.251 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
187.515 |
|
|
Capital work-in-progress |
|
|
4.855 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.166 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
96.929
|
|
|
Sundry Debtors |
|
|
491.856
|
|
|
Cash & Bank Balances |
|
|
10.351
|
|
|
Other Current Assets |
|
|
31.291
|
|
|
Loans & Advances |
|
|
2.601
|
|
Total
Current Assets |
|
|
633.028 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
245.051
|
|
|
Other Current Liabilities |
|
|
0.840
|
|
|
Provisions |
|
|
25.422
|
|
Total
Current Liabilities |
|
|
271.313
|
|
|
Net Current Assets |
|
|
361.715
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
559.251 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
1681.656 |
|
|
|
Other Income |
NA |
NA |
2.694 |
|
|
|
TOTAL (A) |
NA |
NA |
1684.350
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed |
NA |
NA |
1392.737 |
|
|
|
Manufacturing Expenses |
NA |
NA |
47.900 |
|
|
|
Other Expenses |
NA |
NA |
106.244 |
|
|
|
TOTAL (B) |
NA |
NA |
1546.881 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
137.469 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
16.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
121.451 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
15.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
105.849 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
36.603 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
190.302 |
153.492 |
69.246 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
69.999 |
|
|
|
|
|
|
|
|
|
Less/ Add |
Prior
Year Adjustments |
NA |
NA |
0.148 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
29.100 |
|
|
|
Dividend |
NA |
NA |
44.620 |
|
|
|
Tax on Dividend |
NA |
NA |
7.504 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
58.169 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
179.103 |
153..310 |
84.797 |
|
|
|
Dividend |
0.967 |
2.469 |
1.425 |
|
|
TOTAL EARNINGS |
180.070 |
155.779 |
86.222 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
432.158 |
383.844 |
229.750 |
|
|
|
Consumable Stores |
0.171 |
0.107 |
0.000 |
|
|
|
Capital Goods |
5.421 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
437.750 |
383.951 |
229.750 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
196 |
158 |
71.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
4.11
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
6.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
12.90
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.41
|
0.55 |
0.43
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.42 |
2.33
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
97.000 |
97.000 |
|
Reserves & Surplus |
|
387.999 |
510.661 |
|
Net worth |
|
484.999 |
607.661 |
|
|
|
|
|
|
long-term borrowings |
|
35.468 |
25.410 |
|
Short term borrowings |
|
231.617 |
222.070 |
|
Total borrowings |
|
267.085 |
247.480 |
|
Debt/Equity ratio |
|
0.551 |
0.407 |
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last one years |
Yes |
|
12] |
Profitability for last one 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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10297047 |
19/07/2011 |
25,200,000.00 |
The Cosmos Co-op
Bank Ltd |
CHEMBUR BRANCH,
RICHMOND HEIGHTS, CENTRAL AVENUE, |
B16803967 |
|
2 |
10277129 |
18/03/2011 |
17,500,000.00 |
The Cosmos Co-op
Bank Ltd |
CHEMBUR BRANCH,
RICHMOND HEIGHTS, CENTRAL AVENUE, |
B09607045 |
|
3 |
10256794 |
13/12/2010 |
21,300,000.00 |
The Cosmos Co-op
Bank Ltd |
CHEMBUR BRANCH, RICHMOND
HEIGHTS, CENTRAL AVENUE, |
B01325919 |
|
4 |
10231466 |
01/07/2010 |
37,500,000.00 |
The Cosmos Co-op
Bank Ltd |
CHEMBUR BRANCH,
RICHMOND HEIGHTS, CENTRAL AVENUE, |
A90158981 |
|
5 |
10029214 |
28/09/2012 * |
120,000,000.00 |
Citibank N.A |
TRENT HOUSE, 2ND
FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI,
MAHARASHTRA |
B58869694 |
|
6 |
80014721 |
24/10/2005 |
5,000,000.00 |
THE COSMOS CO OP
BANK LTD |
PLOT NO 208 ED
EL BLDG CENTRE AVENUE, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
- |
|
7 |
90213844 |
18/05/2009 * |
145,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LTD |
RICHMONDS
HEIGHTS, PLOT NO. 239, CENTRAL AVENUE |
A62953476 |
|
8 |
90213745 |
27/08/2004 * |
17,000,000.00 |
THE COSMOS CO-OP
BANK LTD |
269/270;
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
|
9 |
90213740 |
20/07/2001 |
6,000,000.00 |
THE COSMOS CO-OP
BANKL TD |
269/270;
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
|
10 |
90213703 |
23/10/2006 * |
77,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LTD |
CHEMBUR BRANCH,
MUMBAI, MAHARASHTRA - 400071, INDIA |
- |
|
11 |
90213579 |
11/07/2000 |
385,000.00 |
DEVELOPMENT
CREDIT BANK LTD |
VASHI BRANCH,
MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
12 |
90214758 |
07/06/1999 |
7,500,000.00 |
DEVELOPMENT CREDIT
BANK LTD |
VASHI BRANCH,
MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
13 |
90214750 |
15/03/1999 |
2,500,000.00 |
DEVELOPMENT
CREDIT BANK LTD |
VASHI BRANCH,
MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
14 |
90213211 |
27/06/1998 |
5,000,000.00 |
THE COSMOS CO-OP
BANKL TD |
DADAR (W)
BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
15 |
90213165 |
24/03/1998 |
5,000,000.00 |
THE COSMOS CO-OP
BANKL TD |
DADAR (W)
BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
16 |
90213136 |
06/02/1998 |
5,000,000.00 |
THE COSMOS CO-OP
BANKL TD |
DADAR (W)
BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
17 |
90212827 |
15/03/1999 * |
2,500,000.00 |
DEVELOPMENT
CREDIT BANK LTD |
VASHI BRANCH,
MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
18 |
90212675 |
30/05/1995 |
3,300,000.00 |
MAHARASHTRA
STATE FINANCIAL CORPN. |
NEW EXCELSIOR
BLDG; 5; 7; 8 & 9TH FLOORS, AMRIT K |
- |
|
19 |
90215944 |
11/08/1989 |
3,600,000.00 |
THE MAHARASHTRA
STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BLDG;
5; 7; 8 & 9TH FLOOR, AMRIT KE |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Factory Building
· Office Premises
· Staff Quarters
· Building
· Trade Mark
· Plant and Machinery
· Electrical Installation
· Furniture and Fixtures
· Motor Cars
· Delivery Vans
· Office Equipment’s
· Computers
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 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.62.12 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.