|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZOBELE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-105, Navkar Chamber Co-Op Premises Society Limited, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
06..10.1997 |
|
|
|
|
Com. Reg. No.: |
11-111072 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1997PTC111072 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Bottles Packing Materials |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 410000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears losses recorded by the company from its operational
activities during the financial year December 2012. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Dalvir |
|
Designation : |
Accountant |
|
Contact No.: |
91-8238038623 |
|
Date : |
04.01.2013 |
LOCATIONS
|
Registered Office : |
A-105, Navkar Chamber Co-Op Premises Society Limited, Andheri Kurla Road,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No. : |
91-22-28511944 |
|
Mobile No.: |
91-8238038623 (Mr. Dalvir) |
|
Fax No. : |
91-22-28500522 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No.: 182, 183/1 and 2, Panchal Udhyog Nagar, Village Bhimpore, Daman
(UT) – 396210, India |
|
Tel. No. : |
91-260-6622800 |
DIRECTORS
AS ON 22.08.2013
|
Name : |
Debajit Kumar Baruah |
|
Designation : |
Director |
|
Address : |
Debajit, Nilamony, Phukan Path, G.S. Road, Guwahati -781005, Assam,
India |
|
Date of Birth/Age : |
18.02.1960 |
|
Date of Appointment : |
03.02.2006 |
|
DIN No. : |
00854310 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24232AS1973PTC001457
|
DRUGS INDIA
PRIVATE LIMITED |
Director |
18/02/1995 |
18/02/1995 |
Active |
NO |
|
2 |
U55101AS2005PTC007648
|
AMERIGOG HOTELS
AND HOLDINGS PRIVATE LIMITED |
Director |
04/02/2005 |
04/02/2005 |
Active |
NO |
|
3 |
U32109MH1997PTC111072
|
ZOBELE INDIA
PRIVATE LIMITED |
Director |
03/02/2006 |
03/02/2006 |
Active |
NO |
|
Name : |
Enrico Zobele |
|
Designation : |
Nominee Director |
|
Address : |
Via Muralla 16, Trento – 38100, Italy |
|
Date of Birth/Age : |
30.12.1950 |
|
Date of Appointment : |
13.10.1999 |
|
DIN No. : |
02712949 |
|
|
|
|
Name : |
Roberto Schianchi |
|
Designation : |
Nominee director |
|
Address : |
Schianchi Via Lidice, 3, Parma – 43123, Italy |
|
Date of Birth/Age : |
31.12.1962 |
|
Date of Appointment : |
16.03.2011 |
|
DIN No. : |
03422552 |
|
|
|
|
Name : |
Ioan Schrob Gornic |
|
Designation : |
Nominee director |
|
Address : |
C. Jaime El Conquistador, 9 P03, Madrid 28035 |
|
Date of Birth/Age : |
24.07.1956 |
|
Date of Appointment : |
12.03.2013 |
|
DIN No. : |
06519091 |
|
|
|
|
Name : |
Mr. Sudhir Mehrotra |
|
Designation : |
Managing Director |
|
Address : |
A-1001, Central Park-I, Sector-42, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
31.05.1963 |
|
Date of Appointment : |
18.03.2013 |
|
DIN No.: |
06525535 |
KEY EXECUTIVES
|
Name : |
Mr. Dalvir |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.08.2013
|
Names of Shareholders |
No. of Shares |
|
Zobele International B.V., Netherlands |
999999 |
|
Becom Management B.V., Amsterdam (Nominee of Zobele International B.V.,
Netherlands) |
1 |
|
TOTAL
|
1000000 |
AS ON 10.10.2013
|
Names of Allottees |
No. of Shares |
|
Zobele International B.V., Netherlands |
72500 |
|
TOTAL
|
72500 |
AS ON 22.08.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
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 and Exporter of Bottles Packing Materials |
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Italy ·
China ·
Ghana |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit |
|
|
|
|
Purchasing : |
L/C, Credit |
PRODUCTION STATUS (AS ON 31.12.2011)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
|
(per annum on Single Shift basis) |
|
|
Mosquito Repellants (Refills and Combipacks) |
12700800 |
12700800 |
|
Solo Vaporiser Device |
3600000 |
1200000 |
|
Air Fresheners Room and Car Air Fresheners (Refills and Combi packs) |
2592000 |
2592000 |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
·
ICICI Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company : |
Zobele International B.V. |
|
|
|
|
Ultimate Holding
Company : |
Z Alpha Sarl, Luxemburg |
|
|
|
|
International
Holding Company : |
Zobele Holdings SpA |
|
|
|
|
Fellow Subsidiary : |
· Zobele Asia Pacific Limited Zobele Espana S.A. ZAE Industrial Company Limited, HK Zobele Mexico S.A De Cv Palma Electronic Srl Zobele Instrument China |
CAPITAL STRUCTURE
AS ON 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
AS ON 22.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1072500 |
Equity Shares |
Rs.10/- each |
Rs. 10.725 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOTE: FINANCIAL
DETAILS FILE ATTACHED
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
80063225 |
07/12/2013 * |
120,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B91245688 |
|
2 |
90142483 |
01/10/2001 * |
12,000,000.00 |
ICICI BANK LIMITED |
LAND MARK, RACE COURSE CIRCLE, BARODA,
GUJARAT - |
- |
|
3 |
90147320 |
09/09/2003 * |
12,000,000.00 |
ICICI BANK LIMITED |
LAND MARK, RACE COURSE CIRCLE, BARODA,
GUJARAT - |
- |
|
4 |
80063224 |
11/02/2005 * |
12,000,000.00 |
ICICI BANK |
LAND MARK, RACE COURSE CIRCLE, BANDRA
MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
* Date of charge modification |
||||||
NOTE
The registered office of the company has been shifted from 504 Acme
Plazaandheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India to
the present address w.e.f. 04.02.2010
OPERATIONS
The Company’s turnover during the year 2012 had decreased to Rs. 277.543
Millions from Rs. 360.461 Millions in previous year (decrease of 23%) and the
Company has incurred a loss of Rs. 31.977 Millions as against Rs. 11.319
Millions in the previous year. The Company’s exports during the year amounted
to Rs. 57.190 Millions on FOB basis as against Rs. 22.453 Millions in the
previous year.
FIXED ASSETS
· Plant and Machinery
Office
Equipments
Furniture
and Fixtures
Motor
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 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. 62.32 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 84.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
28 |
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.