MIRA INFORM REPORT
|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GARGI HUTTENES
ALBERTUS PRIVATE LIMITED (w.e.f. 31.07.2001) |
|
|
|
|
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 : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.03.1988 |
|
|
|
|
Com. Reg. No.: |
11-046413 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.97.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1988PTC046413 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08652A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG3997K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Resins, Reaction Initiators and Coatings used by foundry industries |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between “Gargi Group” and “Huttenes –
Albertus Chemische Werke Gmbh, Germany”. It is a well-established company
having satisfactory track record. The company possesses favorable financial profile marked by adequate
networth base, low gearing along with modest working capital intensive
operations. Management has reported a drastic dip in its net profitability during
FY 2013. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of vast experience of the promoters, the subject 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 wih 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.
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 DENIED
MANAGEMENT NON CO-OPERATIVE (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 |
|
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 |
|
PAN No.: |
AADPK3026D |
|
Voter ID No.: |
MT07047505690 |
|
DIN No.: |
00474054 |
|
|
|
|
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 |
|
PAN No.: |
AADPK3025A |
|
Voter ID No.: |
MT07047505748 |
|
DIN No.: |
00474210 |
|
|
|
|
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 |
|
PAN No.: |
AAEPK1863D |
|
Voter ID No.: |
XYP1143312 |
|
DIN No.: |
00034397 |
|
|
|
|
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 24.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
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 |
40.00 |
|
Directors or relatives of Directors |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Resins, Reaction Initiators and Coatings used by foundry industries |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
· 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 |
|
Address : |
Office No.1, Namrata – A, |
|
Tel. No. : |
91-22-32449541 |
|
PAN
No. : |
AAGPS0434E |
|
|
|
|
Associate : |
¨ Gargi Chemicals Private Limited ¨ Gargi Holdings Private Limited ¨ Gargi Steelchem Private Limited ¨ Gargi Metallurgical Corpn ¨ Gargi Engineering Enterprises Private Limited ¨ Gaurav Infrabuild Private Limited ¨ Gargi Magna Steelchem Private Limited ¨ Gargi Crystal Steel Chem Private Limited |
|
|
|
|
Others : |
¨ Huttenes Albertus Chemische Werke Gmbh |
CAPITAL STRUCTURE
As on 31.03.2013
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 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
97.000 |
97.000 |
97.000 |
|
(b) Reserves & Surplus |
547.242 |
510.660 |
387.999 |
|
(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) |
644.242 |
607.660 |
484.999 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
9.934 |
25.410 |
35.468 |
|
(b) Deferred tax liabilities (Net) |
14.218 |
8.647 |
4.043 |
|
(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) |
24.152 |
34.057 |
39.511 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
218.728 |
222.070 |
231.617 |
|
(b) Trade
payables |
392.924 |
416.528 |
372.794 |
|
(c) Other
current liabilities |
33.090 |
49.829 |
21.395 |
|
(d) Short-term
provisions |
21.553 |
42.796 |
50.511 |
|
Total Current
Liabilities (4) |
666.295 |
731.223 |
676.317 |
|
|
|
|
|
|
TOTAL |
1334.689 |
1372.940 |
1200.827 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
275.350 |
248.728 |
210.359 |
|
(ii)
Intangible Assets |
0.017 |
0.023 |
0.031 |
|
(iii)
Capital work-in-progress |
17.050 |
17.842 |
17.887 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.916 |
5.916 |
5.216 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.839 |
4.659 |
5.763 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
303.172 |
277.168 |
239.256 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
113.742 |
182.208 |
139.474 |
|
(c) Trade
receivables |
828.041 |
866.311 |
753.976 |
|
(d) Cash
and cash equivalents |
62.888 |
23.043 |
33.643 |
|
(e)
Short-term loans and advances |
26.846 |
24.210 |
34.478 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1031.517 |
1095.772 |
961.571 |
|
|
|
|
|
|
TOTAL |
1334.689 |
1372.940 |
1200.827 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3322.600 |
|
|
|
|
|
Other Income |
2.700 |
3.200 |
|
|
|
|
TOTAL |
3325.300 |
3540.100 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3124.700 |
3196.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
200.600 |
343.300 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
38.100 |
37.300 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
162.500 |
306.000 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.600 |
23.300 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
137.900 |
282.700 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
44.900 |
92.400 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
93.000 |
190.300 |
153.492 |
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.900 |
58.200 |
58.169 |
||
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
37.000 |
97.000 |
97.000 |
|
|
|
Dividend |
9.700 |
29.100 |
24.250 |
|
|
|
Tax on Dividend |
7.900 |
9.400 |
7.961 |
|
|
|
Interim Dividend on equity shares |
38.800 |
29.100 |
24.250 |
|
|
BALANCE CARRIED
TO THE B/S |
83.400 |
83.900 |
58.200 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
95.88 |
196.18 |
158.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.80 |
5.38 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.15 |
7.99 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.51 |
20.95 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.47 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35 |
0.41 |
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.50 |
1.42 |
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 |
97.000 |
97.000 |
97.000 |
|
Reserves & Surplus |
387.999 |
510.660 |
547.242 |
|
Net
worth |
484.999 |
607.660 |
644.242 |
|
|
|
|
|
|
long-term borrowings |
35.468 |
25.410 |
9.934 |
|
Short term borrowings |
231.617 |
222.070 |
218.728 |
|
Total
borrowings |
267.085 |
247.480 |
228.662 |
|
Debt/Equity
ratio |
0.551 |
0.407 |
0.355 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3536.900 |
3322.600 |
|
|
(6.059) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3536.900 |
3322.600 |
|
Profit |
190.300 |
93.000 |
|
|
5.38% |
2.80% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
21.375 |
31.364 |
5.875 |
|
|
|
|
|
|
Total |
21.375 |
31.364 |
5.875 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
33.008 |
53.886 |
|
Loans and advances from others |
48.860 |
76.596 |
|
Deposits from others |
10.965 |
11.045 |
|
|
|
|
|
Total |
92.833 |
141.527 |
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, Rd, Gr Floor, Plot
no 239 Chembur, Mumbai, Maharashtra - 400071, INDIA |
B16803967 |
|
2 |
10277129 |
18/03/2011 |
17,500,000.00 |
The Cosmos Co-op Bank Ltd |
Chembur Branch, Richmond Heights, Central Avenue, Rd, Gr Floor, Plot
no 239 Chembur, Mumbai, Maharashtra - 400071, INDIA |
B09607045 |
|
3 |
10256794 |
13/12/2010 |
21,300,000.00 |
The Cosmos Co-op Bank Ltd |
Chembur Branch, Richmond Heights, Central Avenue, Rd, Gr Floor, Plot
no 239 Chembur, Mumbai, Maharashtra - 400071, INDIA |
B01325919 |
|
4 |
10231466 |
01/07/2010 |
37,500,000.00 |
The Cosmos Co-op Bank Ltd |
Chembur Branch, Richmond Heights, Central Avenue, Rd, Gr Floor, Plot
no 239 Chembur, Mumbai, Maharashtra - 400071, INDIA |
A90158981 |
|
5 |
10029214 |
28/09/2012 * |
120,000,000.00 |
Citibank N.A |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
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 BANK LTD |
DADAR (W) BRANCH, MUMBAI, Maharashtra, INDIA |
- |
|
15 |
90213165 |
24/03/1998 |
5,000,000.00 |
THE COSMOS CO-OP BANK LTD |
DADAR (W) BRANCH, MUMBAI, Maharashtra, INDIA |
- |
|
16 |
90213136 |
06/02/1998 |
5,000,000.00 |
THE COSMOS CO-OP BANK LTD |
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 KESHAV NAYAK MARG,
MUMBAI, Maharashtra - 400001, INDIA |
- |
|
19 |
90215944 |
11/08/1989 |
3,600,000.00 |
THE MAHARASHTRA STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BLDG; 5; 7; 8 & 9TH FLOOR, AMRIT KESHAV NAYAK MARG;
FORT, MUMBAI, Maharashtra - 400001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
œ Land
œ Buildings
œ Office Building
œ Plant and equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipments
œ Brands and Trade Marks
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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.