MIRA INFORM REPORT
|
Report Date : |
24.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN CARGO LIMITED |
|
|
|
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Registered
Office : |
4th Floor, |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.12.1993 |
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Com. Reg. No.: |
11-075480 |
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Capital
Investment / Paid-up Capital : |
Rs.17.548
Millions |
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|
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CIN No.: [Company Identification
No.] |
U63010MH1993PLC075480 |
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|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH03218F |
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PAN No.: [Permanent Account No.] |
AAACH1471R |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in Clearing and forwarding and allied activities. |
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No. of Employees
: |
300 (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 1046000 |
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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. The rating takes into consideration company’s sound financial risk
profile and fair liquidity position of the company. Tarde 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 condition. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would take
a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Biju |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-66020600 |
|
Date : |
24.11.2014 |
LOCATIONS
|
Registered / Corporate Office : |
4th Floor, Polaris Building, A Wing, Premises No A 402-403,
Off Makwana Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra |
|
Tel. No.: |
91-22-66020600 |
|
Mobile No.: |
91-9930715551 (Mr. Ramesh) |
|
Fax No.: |
91-22-66020670 |
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E-Mail : |
deepal.shah@hindustancargoltd.in amit.dodani@allcargoglobal.com |
|
Website : |
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|
Area : |
2500 Sq. fts |
|
Location : |
Leased |
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Branch Office 1
: |
202, Polaris, “B” Wing, Off |
|
Tel. No.: |
91-22-66020600 |
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Fax No.: |
91-22-66020680 |
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Branch Office 2 : |
Sonal – Kamal Compound, Opposite Dhantak Plaza, Marol Makwana Road, Andheri (East), Mumbai – 400059, Maharashtra, India. |
|
Tel. No.: |
91-22-6602 0600 |
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Fax No.: |
91-22-6602 0680 |
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Area : |
5000 Sq. ft |
|
Location : |
Leased |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Kaiwan Dossabhoy Kalyaniwalla |
|
Designation : |
Director |
|
Address : |
Phirojshah Building, 3rd Floor, 70C, Gowalia Tank Road, Mumbai - 400036, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1964 |
|
Date of Appointment : |
09.01.2007 |
|
DIN No.: |
00060776 |
|
|
|
|
Name : |
Mr. Suryanarayanan Sivaramakrishnan |
|
Designation : |
Nominee director |
|
Address : |
52, Sagar Tarang, 81/83, Bhulabhai Desai Road, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
04.05.1958 |
|
Date of Appointment : |
03.06.2010 |
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DIN No.: |
00444230 |
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|
|
|
Name : |
Mr. Jatin Jayantilal Chokshi |
|
Designation : |
Nominee director |
|
Address : |
B/9, Shivalay Haji Bapu Road, Near Post Office, Malad (East), Mumbai, 400097, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1958 |
|
Date of Appointment : |
03.06.2010 |
|
DIN No.: |
00495015 |
KEY EXECUTIVES
|
Name : |
Aashish K. Bhatt and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
3/301, Triveni Krupa, Opposite Ambaji Temple, Carter Road No.3,
Borivali (East), Mumbai – 400066 |
|
Telefax : |
91-22-28640522 |
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Mobile No.: |
91-9867151081 |
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E-Mail : |
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|
|
|
Name : |
Mr. Biju |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Allcargo Logistics Limited, India |
249994 |
|
Arathi Shetty (As A Nominee of Allcargo Global Logistics Limited) |
1 |
|
Shashi Kiran Shetty (As A Nominee of Allcargo Global Logistics Limited) |
1 |
|
Adarsh Hegde (As A Nominee of Allcargo Global Logistics Limited) |
1 |
|
Umesh Shetty (As A Nominee of Allcargo Global Logistics Limited) |
1 |
|
Prabhakar Shetty (As A Nominee of Allcargo Global Logistics Limited) |
1 |
|
Susheela Shetty (As A Nominee of Allcargo Global Logistics Limited) |
1 |
|
|
|
|
Total |
250000 |
|
Names of Shareholders (Preferences Shares) |
No. of Shares |
|
Allcargo Logistics Limited, India (1% Preference Share) |
147975 |
|
Allcargo Logistics Limited, India (10% Preference Share) |
2500 |
|
|
|
|
Total |
150475 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Clearing and forwarding and allied
activities. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
· HDFC Bank Limited, ITC Centre, 3rd Floor, 759, Anna salai, Chennai – 600 002, Tamilnadu, India · Standard Chartered Bank, Fort, Mumbai, Maharashtra, India ·
Axis Bank Limited, Trishul 3rd Floor, Opposite
Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat,
India |
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Facilities : |
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Auditors : |
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|
Name : |
C. C. Dangi and Associates Chartered Accountants |
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Address : |
90, Mahindra Chambers, 2nd Floor, 134/136, D. N. Road,
Fort, Mumbai – 400001, Maharashtra, India |
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PAN
No. : |
ABCPD8756B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company
: |
v Allcargo
Logistics Limited |
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Subsidiaries : |
v
HC Logistics Limited (100% subsidiary w.e.f. 20th
June 2011) v Credo Shipping
Agencies (I) Private Limited (100% subsidiary w.e.f 5th October 2011) |
|
|
|
|
Fellow
Subsidiaries : |
v
Comptech Solutions Private Limited v
Amfin Consulting Private Limited v
Ecu Line (India) Private Limited v
Allcargo Shipping Company Private Limited v
South Asia Terminals Private Limited v
Southern Terminals and Trading Private Limited v
AGL Warehousing Private Limited v
Allcargo Logistic Park Private Limited v
Ecu International (Asia) Private Limited v Transindia
Logistics park Private Limited v
Combi Line Indian Agencies Private Limited v
Allcargo Belgium N.V. v
Asia Line Limited v
Ecu-Line Algerie Sarl v
Ecu Logistics SA v
Ecu-Line N.V. v
Ecu-Logistics N.V. v
Ecubro N.V. v Ecu-Tech BVBA v
Ecuhold N.V. v
Ecu International N.V. v
Ecu Global Services n.v. v
HCL Logistics nv v
Ecu Line Vietnam Company Limited v
AGL N.V. v
Ecu Logistics do Brasil Limited. v
Flamingo Line do Brasil Limited v
Ecu-Line Bulgaria EOOD v
Ecu-Line Chile S.A. v
Flamingo Line Chile S.A. v
Ecu-Line Guangzhou Limited v China
Consolidation Services Shipping Limited v
Line (CZ) s.r.o. v
Ecu-Line del Ecuador S.A. v
Flamingo Line del Ecuador SA v
Ecu Line Egypt Limited v
Flamingo Line El Salvador SA de CV v
Ecu-Line Germany GmbH v
ELWA Ghana Limited v
Flamingo Line de Guatemala S.A. v
Ecu-Line Hong Kong Limited v
Ecu International Far East Limited v
PT EKA Consol Utama Line v
Ecu-Line Italia srl. v
Eurocentre Milan srl. v
Ecu-Line Côte d'Ivoire Sarl v
Jordan Gulf for Freight Services v
Ecu-Line Malta Limited v
CELM Logistics SA de CV v
Ecu Logistics de Mexico SA de CV v
Ecu-Line Maroc S.A. v
Ecu-Line Rotterdam BV v
Rotterdam Freight Station BV v
Ecu-Line de Panama SA v Ecu-Line
Paraguay SA v
Ecu-Line Philippines Inc. v
Ecu-Line Polska SP. Z.o.o. v
Ecu-Line Doha W.L.L. v
Ecu-Line Romania SRL v
Ecu-Line Singapore Pte. Limited v
Ecu-Line South Africa (Pty.)Limited v
Ecu-Line Spain S.L. v
Mediterranean Cargo Center S.L. (MCC) v
Ecu Line Lanka (Private) Limited v
Société Ecu-Line Tunisie Sarl v Ecu Uluslarasi
Tas. Ve Ticaret Limited Sti. v
China Consolidated Company Limited v
Star Express Company Limited v
Ecu-Line UKLimited v
DEOLIX S.A. v
Compania Logistica de v
Guldary S.A. v
ELV Multimodal C.A. v
Administradora House Line C.A. v
aEcu-Line (Indian Ocean Islands)Limited v
Consolidadora Ecu- Line C.A v Contech
Transport Services (Private) Limited v Ecu Shipping
Logistics (K)Limited v
Ecu-Line Middle East LLC v
Ecu-Line (Johor Bahru) Snd. Bhd. v
Eurocentre FZCO v
Ecu-Line Kenya Limited v
Ecu-Line Abu Dhabi LLC v
CCS Shipping Limited v
Flamingo Line del Peru SA v
Ecu-Line Peru SA v
Ecu-Line Saudi Arabia LLC v
Ecu-Line Zimbabwe (Pty)Limited v
Ecu-Line Japan Limited v
S.H.E. Maritime Services Limited v
Translogistik Internationale Spedition GmbH v
Ecu-Line Australia Pty Limited v
Ecu-Line NZLimited v
Ecu-Line (Thailand) Company Limited v
Ecu-Line Mediterranean Limited v
Ecu-Line ChinaLimited v
Ecu-Line Hungary Kft. v
Ecu-Line Switzerland GmbH v
Ecu-Line Canada Inc v Cargo Freight
Station S.A. v
Ocean House Limited v
Ecu-Line de Colombia S.A. v
Conecli International S.A v
European Customs Broker NV v
ECU enterprises Limited v
ECU Line Global Limited v
ECU Line Limited v
Econocaribe Consolidators, Inc (acquired on
13/09/2013) v
OTI Cargo Inc (acquired on 13/09/2013) v
Port International Inc (acquired on 13/09/2013) v
Econoline Storage Corp (acquired on 13/09/2013) v
ECI Customs Brokerage, Inc (acquired on
13/09/2013) v FCL Marine
Agencies |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
290000 |
Preference Shares |
Rs.100/- each |
Rs.29.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.39.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
Millions |
|
150475 |
Preference Shares |
Rs.100/- each |
Rs.15.048
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.17.548 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
348.560 |
338.106 |
316.606 |
|
(b) Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
(c) Money
received against share warrants |
|
|
|
|
|
0.000 |
0.000 |
0.000 |
|
(2)
Share Application money pending allotment |
366.107 |
355.653 |
333.904 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
|
|
|
|
|
|
|
(3) Non-Current Liabilities |
0.000 |
0.000 |
0.000 |
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
2.665 |
5.880 |
5.907 |
|
(d) long-term provisions |
2.665 |
5.880 |
5.907 |
|
Total Non-current Liabilities (3) |
|
|
|
|
|
|
|
|
|
(4) Current Liabilities |
39.393 |
8.008 |
9.651 |
|
(a) Short term borrowings |
94.389 |
192.661 |
215.927 |
|
(b) Trade payables |
47.741 |
80.256 |
99.983 |
|
(c) Other current
liabilities |
3.108 |
0.794 |
0.586 |
|
(d) Short-term provisions |
184.631 |
281.719 |
326.147 |
|
Total Current Liabilities (4) |
|
|
|
|
|
553.403 |
643.252 |
665.958 |
|
TOTAL |
|
|
|
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
22.551 |
22.956 |
25.982 |
|
(i) Tangible assets |
0.725 |
1.103 |
1.479 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.600 |
0.600 |
0.600 |
|
(b) Non-current Investments |
21.546 |
21.760 |
23.565 |
|
(c) Deferred tax assets (net) |
92.383 |
63.206 |
38.535 |
|
(d) Long-term Loan and Advances |
1.445 |
0.445 |
0.000 |
|
(e) Other Non-current assets |
139.250 |
110.070 |
90.161 |
|
Total Non-Current Assets |
|
|
|
|
|
|
|
|
|
(2) Current assets |
0.000 |
0.000 |
0.000 |
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
315.697 |
335.840 |
283.134 |
|
(c) Trade receivables |
24.499 |
23.306 |
19.406 |
|
(d) Cash and cash
equivalents |
71.227 |
171.507 |
271.545 |
|
(e) Short-term loans and
advances |
2.730 |
2.529 |
1.712 |
|
(f) Other current assets |
414.153 |
533.182 |
575.797 |
|
Total Current Assets |
|
|
|
|
|
553.403 |
643.252 |
665.958 |
|
TOTAL |
348.560 |
338.106 |
316.606 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2705.285 |
2565.836 |
3103.311 |
|
|
|
Other Income |
8.091 |
9.714 |
11.683 |
|
|
|
TOTAL |
2713.376 |
2575.550 |
3114.994 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
0.000 |
0.000 |
2755.711 |
|
|
|
Employees benefits expense |
147.791 |
132.888 |
185.851 |
|
|
|
Other expenses |
2532.395 |
2413.200 |
157.058 |
|
|
|
TOTAL |
2680.186 |
2546.088 |
3098.620 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
33.190 |
29.462 |
16.374 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.176 |
1.711 |
22.394 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.014 |
27.751 |
(6.020) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.003 |
5.588 |
8.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
22.011 |
22.163 |
(14.284) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.557 |
10.414 |
(3.135) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
10.454 |
11.749 |
(11.149) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
118.866 |
107.116 |
118.265 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
129.320 |
118.866 |
107.116 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Multi-modal transport operations |
237.673 |
447.803 |
161.347 |
|
|
TOTAL EARNINGS |
237.673 |
447.803 |
161.347 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
41.82 |
47.00 |
(44.60) |
|
Expected Sales (2014-2015): Rs.1000.000 Millions
The above information has been parted by Mr. Biju
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.39 |
0.46 |
(0.36) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
1.23 |
1.15 |
0.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.14 |
3.57 |
(2.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11 |
0.02 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24 |
1.89 |
1.77 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
17.298 |
17.547 |
17.547 |
|
Reserves & Surplus |
316.606 |
338.106 |
348.560 |
|
Net worth |
333.904 |
355.653 |
366.107 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
9.651 |
8.008 |
39.393 |
|
Total borrowings |
9.651 |
8.008 |
39.393 |
|
Debt/Equity ratio |
0.029 |
0.023 |
0.108 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
3103.311 |
2565.836 |
2705.285 |
|
|
|
(17.319) |
5.435 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
3103.311 |
2565.836 |
2705.285 |
|
Profit |
(11.149) |
11.749 |
10.454 |
|
|
(0.36%) |
0.46% |
0.39% |
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 |
Yes |
|
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 |
Yes |
|
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) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
note:
The registered office address of the company has been shifted from
“No.104, Sai Pooja Housing Society, Near Janakalyan Bank, Om Nagar, Andheri
(East), Mumbai - 400069, Maharashtra, India” to the present address w.e.f.
15.01.2008.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from others |
0.580 |
0.000 |
|
|
|
|
|
Total |
0.580 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10522817 |
08/08/2014 |
70,000,000.00 |
HDFC BANK LIMITED |
1201, RAHEJA CENTRE, FREE PRESS JOURNAL MARG,
NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
C23554769 |
FIXED ASSETS
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipment’s
œ Leasehold Improvements
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.61.85 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
3 |
|
--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 |
|
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.