MIRA
INFORM REPORT
|
Report Date : |
13.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN COLAS LIMITED |
|
|
|
|
Registered
Office : |
Plot No.D-500, Off HPCL, Vashi Terminal, MIDC, ITC Area, Turbhe, Navi Mumbai
– 400 705, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-090671 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.94.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23200MH1995PLC090671 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Bitumen Substances and Bitumen Emulsions of
all types used for all purposes. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5253000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having fine track record.
Overall financial position of the company seems to be strong and healthy. Company
is operating on its owned funds. Trade relations reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitments. The company can be considered normal for business dealing 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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi slipped
four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 DECLINED BY
|
Name : |
Mr. Vijay Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-65155255 |
|
Date : |
13.03.2014 |
LOCATIONS
|
Registered Office/ Mumbai Plant : |
Plot No.D-500, Off HPCL, Vashi Terminal, MIDC, ITC Area, Turbhe, Navi
Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-41553100/ 27613127/ 65165255/ 65165256 |
|
Fax No.: |
91-22-27631942 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
R and C Building, 5th Floor, |
|
Tel. No.: |
91-22-23713138/ 61501000 |
|
Fax No.: |
91-22-23741711 |
|
E-Mail : |
|
|
|
|
|
Bahadurgarh
Plant : |
Near HPCL LPG
Plant, Village Asauda, Bahadurgarh, District Jajjhar – 124 507, |
|
Tel. No.: |
91-1276-280015/
280016/ 395863 |
|
Fax No.: |
91-1276-280016 |
|
|
|
|
Mangalore Plant
and Office |
Adjacent HPCL POL
Terminal, Village Bala, Via Katipalla, Mangalore - 575 030, |
|
Tel. No.: |
91-824-5558484/
2271745 |
|
Fax No.: |
91-824-2271745 |
|
|
|
|
Irungattukottai
Plant and Office : |
A-9, SIPCOT Industrial
Park, Irungattukottai, Tq- Sriperambudur, District – Kancheepuram - 602 105,
Tamilnadu, India |
|
Tel. No.: |
91-44-27156097/
27156098/ 27156691 |
|
Fax No.: |
91-44-27156097/
27156098/ 27156691 |
|
|
|
|
Visakapatnam
Plant and Office : |
Near HPCL
Terminal B, Malkapuram, |
|
Tel. No.: |
91-891-2752576/
2752580 |
|
Fax No.: |
91-891-2752576 |
|
|
|
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|
Adjacent to HPCL Karari Depot, |
|
|
|
|
Vizag Plant and Office : |
Near HPCL Terminal ‘B1’, Malkapuram, |
|
|
|
|
|
Plot No.426-430,
GIDC Industrial Area, Village Manjusar, Savli, |
|
Tel. No.: |
91-2667-264641/
264642 |
|
Fax No.: |
91-2667-264642 |
|
|
|
|
Plant : |
Also located at: v
Haldia
(Under Construction) |
|
|
|
|
|
C/o |
|
|
|
|
Regional Office : |
Located at : v
Vashi v
v
Kolkata v
Irungattukottai |
|
|
|
|
Depots : |
Located at: v
v
v Bhilai v
v
v Behrampur v
v
Hoshiarpur
|
|
|
|
|
Sales Office : |
Located at: v
v
v Jaipur v
v
Guwahati |
|
|
|
|
Proposed Depots : |
Located at: v
v Angul v Kolkata v Guwahati v Roorkee |
DIRECTORS
AS ON 07.08.2013
|
Name : |
Mr. Subir Roy Chaoudhury |
|
Designation : |
Director |
|
Address : |
B-25, |
|
Date of
Birth/Age : |
01.03.1954 |
|
Qualification : |
Bachelor of Engineering (Mechanical) |
|
Date of
Appointment : |
25.05.2004 |
|
DIN No : |
00130803 |
|
|
|
|
Name : |
Mr. Jacques Pastor |
|
Designation : |
Director |
|
Address : |
Salintra Condominium, 376/126-127, Rama 3rd Bangklo,
Bangkorlaey, Bangkok, Thailand-10120 |
|
Date of
Birth/Age : |
26.06.1954 |
|
Qualification : |
Master Degree in Civil Engineering |
|
Date of
Appointment : |
21.12.1995 |
|
DIN No : |
00152436 |
|
|
|
|
Name : |
Mr. Herve Le Bouc |
|
Designation : |
Director |
|
Address : |
17, Avenue De Lamballe, |
|
Date of
Birth/Age : |
07.01.1952 |
|
Qualification : |
Master Degree in Civil Engineering |
|
Date of
Appointment : |
14.08.2008 |
|
Din No.: |
02107707 |
|
|
|
|
Name : |
Mr. Somchit Sertthin |
|
Designation : |
Director |
|
Address : |
55/36, |
|
Date of
Birth/Age : |
22.09.1952 |
|
Qualification : |
Bachelor Degree in Business Administration |
|
Date of
Appointment : |
17.07.1995 |
|
DIN No : |
00231058 |
|
|
|
|
Name : |
Ms. Nishi Vasudeva |
|
Designation : |
Director (w.e.f. 1st July, 2012) |
|
Name : |
Mr. Jacques Leost |
|
Designation : |
Alternate Director to Mr. Hervé Le Bouc |
|
Date of
Birth/Age : |
59 Years |
|
Qualification : |
Master Degree in Civil Engineering |
|
Date of
Appointment : |
07.01.2011 |
|
Din No.: |
03016991 |
|
|
|
|
Name : |
Rao Venkateshwara Kommalapati |
|
Designation : |
Director |
|
Date of
Birth/Age : |
Daisylea Apartment, Owners Association Apartment, No. 504, 17-A, Mount
Pleasant Road, Mumbai-400006, Maharashtra, India |
|
Qualification : |
03.09.1955 |
|
Date of
Appointment : |
01.06.2013 |
|
Din No.: |
05340626 |
KEY EXECUTIVES
|
Name : |
Mr. Sitaram Taparia |
|
Designation : |
Chief Financial Officer and Company
Secretary |
|
Address : |
33/604, HP Nagag East, |
|
Date of Birth/Age : |
02.01.1975 |
|
Date of Appointment : |
21.03.2007 |
|
Pan No.: |
ABXPT1947R |
|
|
|
|
Name : |
Tejbir Singh Sawhney |
|
Designation : |
Manager |
|
Address : |
Flat 4201, Tower 1, Terra Planet Godrej, Mahalaxmi, Mumbai-400 011,
Maharashtra, India |
|
Date of Birth/Age : |
12.07.1961 |
|
Date of Appointment : |
18.04.2013 |
|
Pan No.: |
AFBPS6701A |
|
|
|
|
Name : |
Mr. Vijay Agarwal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Colasie SA, France |
|
4724600 |
|
Hindustan Petroleum Corporation Limited, India |
|
4724600 |
|
Jacques Pastor |
|
200 |
|
Sertthin Somchit |
|
100 |
|
Subir Choudhury Roy |
|
100 |
|
Bhaswar Mukherjee |
|
100 |
|
Shantanu Bhattacharjee |
|
100 |
|
Rao Venkateshwara Kommalapati |
|
100 |
|
Champs Hugues De |
|
100 |
|
|
|
|
|
TOTAL
|
|
9450000 |
AS ON 07.08.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Government
companies |
|
50.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Bitumen Substances and Bitumen Emulsions
of all types used for all purposes. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Year ended 31.03.2011 Unit (MT) |
|
Product: Bitumen Mixtures (Emulsion / Cutback Bitumen / Modified
Bitumen) |
|
|
Licensed capacity |
* |
|
Installed capacity |
175,000 |
*The Company does not
require a licence to produce above products. The Company however, has the
necessary acknowledgements from The Secretariat of Industrial Approvals for the
Industrial Entrepreneurs Memorandum filed.
|
Particulars |
Unit |
Actual
Production |
|
Emulsions / Cutback / Cold Mix |
MT |
103,822.759 |
|
Modified Bitumen/Modifier/Bitugrip |
MT |
26,875.435 |
|
|
|
130,698.194 |
Production does not include goods processed for others 28,686.634 MT
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Kotak
Mahindra Bank Limited, 36-38A, Nariman Point, Mumbai-400021, Maharashtra, India ·
Standard Chartered Bank ·
Corporation Bank ·
IDBI Bank ·
State Bank of India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ford, Rhodes, Parks and Company Chartered
Accountants |
|
Address : |
312/313, Sai Commercial Complex, BKS Devshi Marg, Govandi,
Mumbai-400088, Maharashtra, India |
|
PAN No: |
AAAFF1843L |
|
|
|
|
Other Related Parties : |
·
Hindustan Petroleum Corporation Limited
[L23201MH1952GOI008858] ·
Colasie SA, France |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9450000 |
Equity Shares |
Rs.10/- each
|
Rs.94.500
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 |
94.500 |
94.500 |
94.500 |
|
(b) Reserves & Surplus |
1218.983 |
1184.323 |
1112.101 |
|
(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) |
1313.483 |
1278.823 |
1206.601 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
15.356 |
19.895 |
|
(b) Deferred tax liabilities (Net) |
82.861 |
70.425 |
56.364 |
|
(c) Other long
term liabilities |
1.248 |
2.635 |
2.668 |
|
(d) long-term
provisions |
13.574 |
10.386 |
7.966 |
|
Total Non-current
Liabilities (3) |
97.683 |
98.802 |
86.893 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
657.857 |
451.257 |
156.938 |
|
(c)
Other current liabilities |
335.825 |
293.372 |
308.532 |
|
(d) Short-term
provisions |
141.449 |
195.022 |
207.928 |
|
Total Current
Liabilities (4) |
1135.131 |
939.651 |
673.398 |
|
|
|
|
|
|
TOTAL |
2546.297 |
2317.276 |
1966.892 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
869.994 |
836.185 |
642.689 |
|
(ii)
Intangible Assets |
1.541 |
7.045 |
9.679 |
|
(iii)
Capital work-in-progress |
9.703 |
32.810 |
104.832 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
7.505 |
26.252 |
44.956 |
|
(d) Long-term Loan and Advances |
1.324 |
442.427 |
1.790 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
890.067 |
1344.719 |
803.946 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
320.449 |
260.577 |
195.127 |
|
(c)
Trade receivables |
443.006 |
305.279 |
173.093 |
|
(d) Cash
and cash equivalents |
748.358 |
293.427 |
708.382 |
|
(e)
Short-term loans and advances |
105.552 |
105.514 |
75.705 |
|
(f)
Other current assets |
38.865 |
7.760 |
10.639 |
|
Total
Current Assets |
1656.230 |
972.557 |
1162.946 |
|
|
|
|
|
|
TOTAL |
2546.297 |
2317.276 |
1966.892 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6123.721 |
4158.435 |
3536.935 |
|
|
|
Other Income |
68.087 |
65.833 |
42.743 |
|
|
|
TOTAL (A) |
6191.808 |
4224.268 |
3579.678 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
5176.612 |
3448.606 |
2819.509 |
|
|
|
Purchases of stock-in-trade |
34.097 |
0.000 |
0.000 |
|
|
|
Employee benefit expense |
112.543 |
106.330 |
89.744 |
|
|
|
Other expenses |
297.796 |
246.482 |
218.761 |
|
|
|
Extraordinary items |
0.000 |
(4.438) |
8.375 |
|
|
|
Exceptional items |
0.266 |
(6.544) |
(1.703) |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(16.359) |
(25.013) |
(18.444) |
|
|
|
TOTAL (B) |
5604.955 |
3765.423 |
3116.242 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
586.853 |
458.845 |
463.436 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.340 |
0.277 |
0.174 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
586.513 |
458.568 |
463.262 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
63.228 |
53.123 |
45.635 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
523.285 |
405.445 |
417.627 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
179.097 |
141.020 |
133.793 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
344.188 |
264.425 |
283.834 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
34.000 |
26.000 |
28.000 |
|
|
|
Interim Dividend and Tax Thereon |
172.000 |
0.000 |
137.000 |
|
|
|
Proposed Dividend and Tax Thereon |
137.000 |
192.000 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
169.266 |
81.640 |
96.527 |
|
|
|
Stores & Spares |
0.749 |
0.029 |
1.657 |
|
|
|
Capital Goods |
0.763 |
10.671 |
23.589 |
|
|
TOTAL IMPORTS |
170.778 |
92.340 |
121.773 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
36.42 |
27.66 |
30.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.55
|
6.25 |
7.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.38
|
9.75 |
11.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.69
|
17.95 |
22.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.31 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.04 |
1.73 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
94.5000 |
94.5000 |
94.5000 |
|
Reserves & Surplus |
1112.101 |
1184.323 |
1218.983 |
|
Net worth |
1,206.601 |
1,278.823 |
1,313.483 |
|
|
|
|
|
|
long-term borrowings |
19.895 |
15.356 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
19.895 |
15.356 |
0.000 |
|
Debt/Equity ratio |
0.016 |
0.012 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
3536.935 |
4158.435 |
6123.721 |
|
|
|
17.572 |
47.260 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
3536.935 |
4158.435 |
6123.721 |
|
Profit |
283.834 |
264.425 |
344.188 |
|
|
8.02% |
6.36% |
5.62% |
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 |
No |
|
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
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 |
10021641 |
28/01/2008 * |
65,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
A40758294 |
|
* Date of charge modification |
||||||
FIXED ASSETS:
Tangible Assets:
·
Leasehold Land
·
Residential Buildings
·
Other Buildings
·
Plant and Machinery
·
IT and Office Equipment
·
Furniture and
Fixtures
·
Motor Vehicles
Intangible Assets:
·
Computer Software
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.61.09 |
|
|
1 |
Rs.101.59 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
61 |
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.