MIRA
INFORM REPORT
|
Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
STRUCTURAL WATER PROOFING COMPANY PRIVATE LIMITED (w.e.f. 26.09.2002) |
|
|
|
|
Formerly Known
As : |
THE STRUCTURAL WATER PROOFING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
38/1, Block-GN, Sector IV, V, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
21.03.1950 |
|
|
|
|
Com. Reg. No.: |
21-018695 |
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|
Capital
Investment / Paid-up Capital : |
Rs.45.556 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36992WB1950PTC018695 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS06072D |
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|
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporters of all kinds of Construction Chemical like Waterproofing,
Epoxies, Plasticizers, Roof Waterproofing, Flooring etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Profitability of the company seems to be low during 2013. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for the business dealings with some
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 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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 DENIED
Management Non Co-operative (91-33-23573546)
LOCATIONS
|
Registered/
Corporate Office : |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700 091, West
Bengal, India |
|
Tel. No.: |
91-33-23573546/ 23573547/ 23573548/ 23574981/ 82/ 23574798/ 40102700 |
|
Fax No.: |
91-33-23573881 |
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E-Mail : |
francois.nguyen@chryso-swc.com |
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Website : |
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Area : |
2200 Sq. ft. |
|
Location : |
Leased |
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Factory 1 : |
Plot No. 1401/1,
3rd Phase, GIDC, Vapi – 396 195, |
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Tel. No.: |
91-260-2433928/
2420673 |
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Fax No.: |
91-260-2433928/
2400828 |
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Factory 2 : |
8/1, |
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Area : |
2200 sq. ft. |
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Location : |
Leased |
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Branches : |
·
Noida B – Z9, Sector – IV, District Ghaziabad, Gautam Buddha Nagar, Noida,
Uttar Pradesh – 201301, India Location : Leased ·
Vapi C-1-6124/6125, 4th Phase, G.I.D.C., Vapi- 396195, Gujarat,
India Location : Leased ·
Mumbai 54 and 56, Mahavir Centre, Sector – 17, Vashi, Navi Mumbai – 400703,
Maharashtra, India. Tel. 91-22-27893601 Fax. 91-22-27893571 E-Mail: swcmumbai@sify.com ·
406, Deepali, 92, Tel. 91-11-26435432 / 26445680 Fax. 91-11-26221055 / 26416861 E-Mail: swcdelhi@satyam.net.in H-19/B, Sector -9, Noida – 201 301, Uttar
Pradesh Tel No.: 91-120-4763200 Fax No.: 91-120-4763222 E-Mail: swcdelhi@satyam.net.in ·
Chennai No.2, Tel No: 91-44-2442371 Fax No: 91-44-244422476 E-Mail: 12345@yahoo.co.in A-39, SIDCO Industrial Estate, Pattarvakkam, Ambattur, Chennai – 600
098,. Tamil Nadu Tel No.: 91-44-26248757/43111443 Fax No.: 91-44-26247901 E-Mal: swcchn123@yahoo.co.in G-6, Brown Nest Apartment, No. 73, 2nd Main Road, Gandhi
Nagar, Adyar, Chennai – 600020, Tamilnadu, India |
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Business
Centre : |
Mr. U.C. Karan, C/O: Dr. Anand
Prabhakaran, 112, K.D. Flats
C.H. Area, Mobile No: 91-943134884 |
DIRECTORS
(AS ON 27.09.2013)
|
Name : |
Mr. Giles Austen Everitt |
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Designation : |
Managing director |
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Address : |
1001/1002, 10th Floor, Capri Heights CHSL, ST Andrews Road,
Palt Hill, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
21.04.1967 |
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Date of Appointment : |
27.09.2013 |
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DIN No : |
06644886 |
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Other
Directorship:
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||||||||||||||||||||||||||||
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Name : |
Mr. Lubbertus Pieter Dijkema |
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Designation : |
Director |
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Address : |
263 BD Jean Jaures Boulogne Billan Court France 92100 |
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Date of Birth/Age : |
22.05.1958 |
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Date of Appointment : |
20.12.2006 |
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DIN No : |
01186155 |
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Name : |
Mr. Eesure Fabienne Nathalie
Conus |
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Designation : |
Director |
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Address : |
15, RUE Anatole Chatou, France-78400 |
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Date of Birth/Age : |
17.03.1967 |
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Date of Appointment : |
17.09.2009 |
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DIN No : |
02646715 |
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Other
Directorship:
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Name : |
Mr. Thierry Pierre Bernard |
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Designation : |
Additional Director |
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Address : |
55 RUE Cortambert Paris 75116 France |
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Date of Birth/Age : |
24.05.1968 |
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Date of Appointment : |
29.09.2012 |
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DIN No : |
05180554 |
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Other
Directorship:
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Name : |
Mr. Dipanjan Sarkar |
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Designation : |
Director |
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Address : |
E/11, Kajjunagar Colony, Kolkata – 700032, West Bengal, India |
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Date of Birth/Age : |
25.01.1972 |
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Date of Appointment : |
27.09.2013 |
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DIN No : |
06629029 |
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Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U36992WB1950PTC018695 |
STRUCTURAL WATER
PROOFING CO PVT LTD |
Director |
27/09/2013 |
01/08/2013 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chryso Sas, France |
|
455534 |
|
Nguyen Franoois |
|
25 |
|
|
|
|
|
Total |
|
455559 |
(AS ON 27.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Directors or relatives of directors |
|
0.01 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporters of all kinds of Construction Chemical like
Waterproofing, Epoxies, Plasticizers, Roof Waterproofing, Flooring etc. |
||||
|
|
|
||||
|
Products : |
· Cement and
Concrete Water Proofers · Concrete and
Mortar Admixtures · Concrete AIDS · Protective
Coatings, Membranes and Impregnation · Grouts and
Groutings Additives · Floorings · Tunneling and
Shotcrete Products · Sealants · Tile Adhesives · Repairing
Compounds · Cement AIDS |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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|
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Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India · HDFC Bank Limited 174A Block, G New Alipore, Kolkata – 700053, West Bengal, India |
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Facilities : |
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
A. R. Das and Associates Chartered Accountants |
|
Address : |
1,2 and 3 Woodburn court Woodburn Road Kolkata-700020, West Bengal,
India |
|
Email : |
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|
PAN No.: |
AADFA8553H |
|
|
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Holding Company : |
·
Chryso SAS, France |
|
|
|
|
Ultimate Holding company |
·
Materis France |
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|
|
|
Subsidiaries : |
·
SWC Engineering Services Private Limited CIN No : U33125WB1988PTC044846 |
|
|
|
|
Fellow Subsidiaries : |
·
Chryso, INC. ·
Chryso South Africa ·
Chryso France ·
Parex Davco – Singapore ·
Parex Davco – Thailand ·
Parex Davco - Malayasia |
CAPITAL STRUCTURE
(AS ON 27.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
455559 |
Equity Shares |
Rs.100/- each |
Rs.45.556
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 |
45.556 |
35.565 |
35.565 |
|
(b) Reserves & Surplus |
200.613 |
146.234 |
98.581 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
59.943 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
246.169 |
241.742 |
134.146 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(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 |
6.151 |
5.228 |
6.571 |
|
(d) long-term provisions |
3.453 |
4.842 |
4.927 |
|
Total
Non-current Liabilities (3) |
9.604 |
10.070 |
11.498 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
5.461 |
47.594 |
|
(b) Trade payables |
764.703 |
631.131 |
388.588 |
|
(c) Other current liabilities |
34.088 |
24.223 |
19.998 |
|
(d) Short-term provisions |
0.159 |
0.062 |
0.113 |
|
Total
Current Liabilities (4) |
798.950 |
660.877 |
456.293 |
|
|
|
|
|
|
TOTAL |
1054.723 |
912.689 |
601.937 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
243.323 |
72.437 |
43.234 |
|
(ii) Intangible Assets |
0.227 |
0.515 |
0.782 |
|
(iii) Capital work-in-progress |
16.437 |
72.511 |
19.711 |
|
(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) |
3.426 |
4.492 |
11.135 |
|
(d) Long-term Loan and Advances |
8.516 |
9.105 |
7.273 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
271.929 |
159.060 |
82.135 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
216.859 |
172.814 |
130.337 |
|
(c) Trade receivables |
363.265 |
397.304 |
317.777 |
|
(d) Cash and cash equivalents |
135.656 |
142.014 |
43.897 |
|
(e) Short-term loans and
advances |
66.310 |
40.341 |
27.612 |
|
(f) Other current assets |
0.704 |
1.156 |
0.179 |
|
Total
Current Assets |
782.794 |
753.629 |
519.802 |
|
|
|
|
|
|
TOTAL |
1054.723 |
912.689 |
601.937 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1108.180 |
1104.154 |
831.771 |
|
|
Other Income |
11.732 |
6.379 |
22.588 |
|
|
TOTAL
(A) |
1119.912 |
1110.533 |
854.359 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
Purchases of Stock-in-Trade |
1097.424 |
1035.383 |
813.156 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
(B) |
1097.424 |
1035.383 |
813.156 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
22.488 |
75.150 |
41.203 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.974 |
1.657 |
11.591 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.514 |
73.493 |
29.612 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
13.054 |
10.897 |
7.745 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
8.460 |
62.596 |
21.867 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
4.033 |
14.944 |
7.761 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
4.427 |
47.652 |
14.106 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.867 |
(18.785) |
(32.891) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
33.294 |
28.867 |
(18.785) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
NA |
9.074 |
1.457 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.72 |
13.40 |
39.66 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.40 |
4.29 |
1.65 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.76 |
5.67 |
2.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.82 |
7.49 |
3.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.26 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.02 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
1.14 |
1.14 |
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 |
35.565 |
35.565 |
45.556 |
|
Reserves & Surplus |
98.581 |
146.234 |
200.613 |
|
Share Application money pending allotment |
0.000 |
59.943 |
0.000 |
|
Net
worth |
134.146 |
241.742 |
246.169 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
47.594 |
5.461 |
0.000 |
|
Total
borrowings |
47.594 |
5.461 |
0.000 |
|
Debt/Equity
ratio |
0.355 |
0.023 |
0.000 |
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 |
|
Sales |
831.771 |
1,104.154 |
1,108.180 |
|
|
|
32.747 |
0.365 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
831.771 |
1,104.154 |
1,108.180 |
|
Profit |
14.106 |
47.652 |
4.427 |
|
|
1.70% |
4.32% |
0.40% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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] |
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 |
change of address:-
The Registered office of the company has been shifted from “CICO House, 21/1,
OPERATIONS
The company achieved a 2.27% positive growth in terms of gross turnover the gross turnover was INR 1257.100 Millions in the financial year which was INR 1229.200 Millions in the previous year.
A strategy to focus on marketing of core business of concrete admixtures, concrete aids and cement grinding aid backed by R and D and technical service. The company had achieved a net profit of INR 8.461 Millions before tax. During the year setting up of manufacturing facility at Alwar, Rajasthan is completed and commercial production started.
Safety and concern for the environment are the guiding principles for development of their manufacturing facilities. In all units across pan India the safety and environment measures are pursued in tune of the global standard of their parent organization.
Procurement and supply chain economies are an essential driver of profitability. The international procurement processes of CHRYSO were integrated in all zones to give a competitive lead in servicing Customers in India.
VIEW INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10105822 |
18/01/2011 * |
239,250,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B07479371 |
|
2 |
10105823 |
18/01/2011 * |
239,250,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B07479660 |
|
3 |
10068351 |
18/01/2011 * |
239,250,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B07478878 |
* Date of charge modification
FIXED ASSETS:
· Land - Freehold
· Land - Leasehold
· Buildings
· Plant and Machinery
· Furniture and Fittings
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
32 |
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.