MIRA INFORM REPORT
|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HEXAGON NUTRITION PRIVATE LIMITED (w.e.f. 10.01.2006) |
|
|
|
|
Formerly Known
As : |
HEXAGON CHEMOILS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
404, Global
Chamber, Adarsh Nagar, Link Road,
Andheri (West), Mumbai - 400053, Maharashtra |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.05.1993 |
|
|
|
|
Com. Reg. No.: |
11-072189 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.26.634 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC072189 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH04440C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH2359E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Vitamins Premixes, Soft Drink Concentrate and
Veterinary Feeds Supplements |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1040000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound. Profitability
of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually 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.
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7
%in 2013/14, marking a second straight year of sub-5 % growth – the worst
slowdown in more than a quarter of a century. The data was below an official
estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal
year. However, the current account deficit narrowed sharply to $ 32.4 billion
at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8
billion or 4.7 %, the year before.A sharp fall in gold imports due to
restrictions on overseas purchases and muted import of capital goods helped
shrink the current account deficit.
Online retailer
Flipkart has acquired fashion portal Myntra as it prepares to battle with the
rapidly expanding India arm of the global e-commerce giant Amazon. The company
raised $ 210 million from Russian Investment firm DST Global which has also
invested in companies like Facebook, Twitter and Alibaba Group.
General Motors will
start exporting vehicles from its Talegaon plant near Pune in the second half
of 2014. GM was one of the few global carmakers that was using its India plant
only for the domestic market.
Google has overtaken
Apple as the world’s top brand in terms of value, according to global market
research agency Millward Brown. Google’s brand value shot up 40 % in a year to
$ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.
Infosys lost another
heavy weight when B G Srinivas, a board member put in his papers. He is the
third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the
company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went
on to lead IGate, Balakrishnan joined politics.
Naresh Goyal –
promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the
three months ended March 31, mainly because it has been offering discounts to
passengers to fill planes.
William S Pinckney –
Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in
connection with a complaint against the direct selling firm. This is the second
time that he has been taken into custody. A year, ago the Kerala Police had
arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its
state-owned enterprises to sever links with American consulting firms after the
United States charged five Chinese military officers with hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as
a country with some of the highest unregistered businesses in the world.
Indonesia has the maximum number of shadow businesses, says a study of 68
countries by Imperial College Business School in London.
Pfizer has abandoned
its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = BB+ |
|
Rating Explanation |
Inadequate degree of safety and high credit
risk |
|
Date |
November 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Non Fund based Working Capital
Facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and very credit
risk |
|
Date |
November 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.
INFORMATION PARTED BY
|
Name : |
Mr. Ajay |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-44-22625252 |
|
Date : |
20.06.2014 |
LOCATIONS
|
Registered / Corporate Office : |
404, Global Chambers, Adarsh Nagar, Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-26744742/ 43/ 28778529/ 40316722 |
|
Mobile No.: |
91-9987672864 (Mr. Makrand) |
|
Fax No.: |
91-22-26744740/ 41/ 28778530 |
|
E-Mail : |
marketing@hexagonnutrition.com arunkelkar@hexagonnutrition.com |
|
Website : |
|
|
Area : |
1600 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No B – 11, Phase-1, MEPZ – SEZ, Tambaram, Chennai – 600045,
Tamilnadu, India |
|
Tel. No.: |
91-44-22625252 |
|
Fax No.: |
91-44-22625252 |
|
Area : |
9000 sq ft |
|
Location : |
Leased |
DIRECTORS
As on 06.09.2013
|
Name : |
Mr. Arun Purshottam Kelkar |
|
Designation : |
Managing Director |
|
Address : |
1102, Dheeraj
Gourav Height-1, Near Hundai Showroom, Adarsh Nagar, Andheri (East), Mumbai –
400 053, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1950 |
|
Qualification : |
B.E., DQM |
|
Date of Appointment : |
27.05.1993 |
|
DIN No.: |
00171276 |
|
|
|
|
Name : |
Mrs. Anuradha A. Kelkar |
|
Designation : |
Director |
|
Address : |
1102, Dheeraj Gourav
Height-1, Near Hundai Showroom, Adarsh Nagar, Andheri (East), Mumbai – 400
053, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1958 |
|
Qualification : |
M. Sc., B. Ed. |
|
Date of Appointment : |
30.12.2005 |
|
DIN No.: |
00177072 |
|
|
|
|
Name : |
Mr. Subhash Purshottam Kelkar |
|
Designation : |
Director |
|
Address : |
Flat No. 3, Dharmraj Plaza, Old Gangapur Naka, Gangapur Road, Nashik – 422 005, Maharashtra, India |
|
Date of Birth/Age : |
28.07.1959 |
|
Qualification : |
B. Pharma, DMS |
|
Date of Appointment : |
27.05.1993 |
|
DIN No.: |
00177280 |
|
|
|
|
Name : |
Mr. Vikram Arun Kelkar |
|
Designation : |
Director |
|
Address : |
1102, Dheeraj
Gourav Height-1, Near Hundai Showroom, Adarsh Nagar, Andheri (East), Mumbai –
400 053, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1981 |
|
Qualification : |
M.I.B. |
|
Date of Appointment : |
01.09.2005 |
|
DIN No.: |
02302364 |
|
|
|
|
Name : |
Mr. Nikhil Arun Kelkar |
|
Designation : |
Director |
|
Address : |
1102, Dhiraj Gaurav, Adarsh Nagar, Andheri (East), Mumbai – 400 053,
Maharashtra, India |
|
Date of Birth/Age : |
16.12.1978 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02302369 |
|
|
|
|
Name : |
Mr. Aditya Kelkar |
|
Designation : |
Director |
|
Address : |
Flat No. 3, Dharmapal Plaza, Old Gangapur Naka, Gangapur Road, Nashik
– 422005, Maharahstra, India |
|
Date of Appointment : |
15.09.2012 |
|
DIN No.: |
02312705 |
|
|
|
|
Name : |
Mr. Vijay Kumar Ramteke |
|
Designation : |
Director |
|
Address : |
Type VI/40, Railway Officers Enclave, San Martin Marg, Chanakyapuri,
Delhi – 110021, India |
|
Date of Appointment : |
06.03.2013 |
|
DIN No.: |
06546136 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS
As on 06.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Arun P. Kelkar |
6441000 |
24.18 |
|
Subhash P. Kelkar |
5806000 |
21.80 |
|
Anuradha A. Kelkar |
5125000 |
19.24 |
|
Vikram A. Kelkar |
875000 |
3.29 |
|
Nikhil A. Kelkar |
7010000 |
26.32 |
|
Nutan Subhash Kelkar |
1277000 |
4.79 |
|
Aditya Subhash Kelkar |
100000 |
0.38 |
|
Total |
26634000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 06.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Vitamins Premixes, Soft Drink Concentrate and
Veterinary Feeds Supplements |
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Products : |
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Exports : |
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Products : |
Micro Nutrient Premixes |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Agharkar and Company Chartered Accountants |
|
Address : |
Ground Floor, Plot No.31-B, Jaiprkash Nagar, Road No.3, Goregaon (East), Mumbai – 400 063, Maharashtra, India |
|
Tel. No.: |
91-22-26862743 |
|
Tele Fax No.: |
91-22-26865196 |
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E-Mail : |
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|
PAN No.: |
AAAPA7330B |
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|
Subsidiaries : |
CIN No.: U15139TN2012PTC086911
CIN No.: U15146TN2012PTC089163 |
CAPITAL STRUCTURE
After 06.09.2013
Authorised Capital : Rs.50.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.29.984
Millions
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Re.1/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26634000 |
Equity Shares |
Re.1/- each |
Rs.26.634 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 |
26.634 |
26.634 |
24.259 |
|
(b) Reserves & Surplus |
233.834 |
146.265 |
91.641 |
|
(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) |
260.468 |
172.899 |
115.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
52.413 |
27.154 |
20.859 |
|
(b) Deferred tax liabilities (Net) |
4.260 |
3.133 |
0.666 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
56.673 |
30.287 |
21.525 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
154.248 |
114.201 |
96.389 |
|
(b) Trade
payables |
35.285 |
51.768 |
33.607 |
|
(c) Other
current liabilities |
20.623 |
6.967 |
21.198 |
|
(d) Short-term
provisions |
45.401 |
24.942 |
5.801 |
|
Total Current
Liabilities (4) |
255.557 |
197.878 |
156.995 |
|
|
|
|
|
|
TOTAL |
572.698 |
401.064 |
294.420 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
134.782 |
83.940 |
62.276 |
|
(ii)
Intangible Assets |
5.709 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
22.073 |
24.363 |
13.834 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
24.719 |
16.546 |
0.003 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.148 |
|
(d) Long-term Loan and Advances |
1.863 |
0.520 |
0.545 |
|
(e) Other
Non-current assets |
6.776 |
1.705 |
0.000 |
|
Total Non-Current
Assets |
195.922 |
127.074 |
76.806 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
11.189 |
8.345 |
1.145 |
|
(b)
Inventories |
125.273 |
74.696 |
68.241 |
|
(c) Trade
receivables |
142.999 |
106.985 |
106.337 |
|
(d) Cash
and cash equivalents |
16.675 |
41.501 |
7.443 |
|
(e)
Short-term loans and advances |
10.260 |
18.078 |
21.677 |
|
(f) Other
current assets |
70.380 |
24.385 |
12.771 |
|
Total
Current Assets |
376.776 |
273.990 |
217.614 |
|
|
|
|
|
|
TOTAL |
572.698 |
401.064 |
294.420 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
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||
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|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
655.342 |
729.115 |
460.406 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
542.237 |
649.385 |
418.456 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
113.105 |
79.729 |
41.950 |
||
|
|
|
|
|
|
||
|
|
TAX |
20.269 |
20.431 |
0.666 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX |
93.141 |
59.298 |
41.284 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
54.265 |
87.141 |
51.599 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
75.000 |
87.500 |
1.500 |
|
|
|
|
Dividend |
4.794 |
3.995 |
3.638 |
|
|
|
|
Tax on Dividend |
0.778 |
0.679 |
0.604 |
|
|
|
BALANCE CARRIED
TO THE B/S |
66.834 |
54.265 |
87.141 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
3.50 |
NA |
NA |
||
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
950.000 |
The above information has been parted by Mr. Ajay
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
14.21 |
8.13 |
8.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.51 |
22.14 |
14.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.46 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.79 |
0.82 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.38 |
1.39 |
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 |
24.259 |
26.634 |
26.634 |
|
Reserves & Surplus |
91.641 |
146.265 |
233.834 |
|
Net
worth |
115.900 |
172.899 |
260.468 |
|
|
|
|
|
|
long-term borrowings |
20.859 |
27.154 |
52.413 |
|
Short term borrowings |
96.389 |
114.201 |
154.248 |
|
Total
borrowings |
117.248 |
141.355 |
206.661 |
|
Debt/Equity
ratio |
1.012 |
0.818 |
0.793 |
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 |
460.406 |
729.115 |
655.342 |
|
|
|
58.363 |
(10.118) |
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 |
460.406 |
729.115 |
655.342 |
|
Profit |
41.284 |
59.298 |
93.141 |
|
|
8.97% |
8.13% |
14.21% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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
four 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 |
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 |
REVIEW OF
OPERATIONS
The company continued to see profitable growth in the financial year
2012-2013 across all market segments. The revue from operations has decreased
from Rs.729.115 Millions in the previous financial year to Rs.655.342 Millions
in the current financial year. The net profit for the company had increased in
the current financial year form Rs.59.299 Millions to Rs.93.141 Millions. The
increase has largely been possible due to the excellent results in the Chennai
unit of the company. The Chennai division posted a profit of Rs.104771 Millions
as against the profit of Rs.116.778 Million in the previous financial year.
Necessary Steps have been undertaken by the management during the current
financial year to reduce loss in healthcare SBU.
PERFORMANCE OF
UNITS:
HNPL – MEZ2
There had been a decline in the Chennai division from Rs.501.911
Millions to Rs.429.423 Millions. The is due to considerable downfall in the
market but the management is taking steps to ensure that during the next
financial year there will be growth in the market sales. During the year
considerable steps were taken by management to monitor the exchange fluctuation
in rupee thought timely forward contract and rupee cycle the company has
reduced the foreign exchange loss to Rs.1.862 Millions vis-à-vis Rs.8.251
Millions for last year.
During the year the company has made a capital investment of Rs.82.436
Millions in plant and Machinery, in house R and D and the building structure.
This has added advantage in the capacity of the unit and its functioning.
HNPL NASHIK
During the year the Nashik Unit sales in revenue declined from
Rs.188.675 Millions to Rs.142.490 Millions. The Nashik unit R and D lab hereby
called as “Analytical Food Testing Laboratory –A.F.T.L.-Division” under the
guidance and tireless efforts of the director Mr. Subhash Kelkar had been
approved and recognized by the India Council of Agriculture Research – ICAR and
was sanctioned for the subsidy of Rs.44.456 Millions
HNPL – HEALTHCARE
There has a tremendous growth posted by healthcare division during the
financial year 2012-2013, showing a growth in revenue to Rs.77.108 Millions
compared last year Rs.47.948 Millions posting a growth by 51% (Approx.). During
the current year this division has successfully created “Intangibles: in the
books of the company. The management has considerably worked under the guidance
of Dr. Nikhil Kelkar and brought the losses under control and putting a strong
base for the future growth path.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10392296 |
03/11/2012 |
120,000,000.00 |
Citi Bank N.A. |
Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India |
B64261183 |
|
2 |
10359462 |
05/06/2012 |
70,000,000.00 |
Citi Bank N.A. |
Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India |
B41138173 |
|
3 |
10360205 |
16/05/2012 |
70,000,000.00 |
Citi Bank N.A. |
Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India |
B41447723 |
|
4 |
10352863 |
16/11/2012 * |
120,000,000.00 |
Citi Bank N.A. |
Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India |
B61972816 |
|
5 |
10011539 |
31/10/2012 * |
138,700,000.00 |
Corporation Bank |
Sme Marol
Branch,Andheri(East), Bonanza Sahar Plaza, |
B62812565 |
|
6 |
10013187 |
25/05/2006 |
13,500,000.00 |
ORIENTAL BANK OF COMMERCE |
Bandra West Branch, Mahatma Gandhi Seva Mandir, Trust Blgd, S. V. Road, Opp. Talao, Bandra (West), Mumbai, Maharashtra - 400050, India |
A01578616 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
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.60.28 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.