MIRA INFORM REPORT
|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HALDIRAM SNACKS PRIVATE LIMITED |
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Registered
Office : |
B-1/H-3, Mohan Co-Operative Industrial Estate, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.09.1989 |
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Com. Reg. No.: |
55-037732 |
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Capital Investment
/ Paid-up Capital : |
Rs.300.000 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1989PTC037732 |
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PAN No.: [Permanent Account No.] |
AAACH0061R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 11346000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Financial position of the company is sound. Fundamentals of the
company are healthy. Performance capability of the company is high. The rating also takes into consideration the company brand image and
established market position. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal 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.
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loans AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
June, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non – Fund based Limits A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
June, 2014 |
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 (91-120-4071200)
LOCATIONS
|
Registered Office/ Corporate Office : |
B-1/H-3, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi
– 110044, India |
|
Tel. No.: |
91-11-28898010/ 11/ 45204100 |
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Fax No.: |
91-11-28898016 |
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E-Mail : |
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Website : |
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Factory 1: |
NEW DELHI B1/F12, Mohan Cooperative Industrial Estate, Main Mathura Road, New Delhi – 110044, Delhi, India Tel. No.: 91-11-28898018, 28898019 Email-id: delhimr@haldiram.com Chandni Chowk, Delhi – 1100006, Delhi, India Tel. No.: 91-11-23862713, 23865211, 47685100 Email-id: delhicc@haldiram.com |
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Factory 2: |
NOIDA B-1, Sector 63, Noida – 201307, Uttar Pradesh, Indi Tel. No.: 91-120-2400284, 2400285, 2400286, 4510000 Email-id: noida63@haldiram.com A-2,3,4 Sector 65, Noida – 201307, Uttar Pradesh, India Tel. No.: 91-120-4071200 Email-id: noida65@haldiram.com |
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Factory 3: |
Kerki Daula Village, NH8, Manesar – 122051, Haryana, India |
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E-Mail : |
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Factory 4: |
Industrial Area, Rudrapur – 263153, Uttaranchal, India |
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E-Mail : |
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Restaurants: |
Located at: · New Delhi · NOIDA · Gurgaon · Faridabad · Ghaziabad |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Manohar Lal Agarwal |
|
Designation : |
Chairman and Managing Director |
|
Address : |
J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India |
|
Date of Birth/Age : |
30.10.1954 |
|
Date of Appointment : |
18.09.1989 |
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PAN No.: |
AAJPA2860K |
|
DIN No.: |
00290780 |
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|
Name : |
Mr. Anand Agarwal |
|
Designation : |
Managing Director |
|
Address : |
J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India |
|
Date of Birth/Age : |
18.03.1978 |
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Date of Appointment : |
01.04.2003 |
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PAN No.: |
AADPA8152A |
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DIN No.: |
00014112 |
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Name : |
Mr. Ashish Agarwal |
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Designation : |
Whole-time Director |
|
Address : |
J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India |
|
Date of Birth/Age : |
07.04.1983 |
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Date of Appointment : |
07.04.2004 |
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PAN No.: |
AEHPA5715R |
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DIN No.: |
00011486 |
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Name : |
Mr. Pankaj Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India |
|
Date of Birth/Age : |
01.04.1977 |
|
Date of Appointment : |
01.07.2006 |
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PAN No.: |
AADPA8153B |
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DIN No.: |
00011384 |
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Name : |
Mr. Madhu Sudan Agarwal |
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Designation : |
Whole-time Director |
|
Address : |
J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India |
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Date of Birth/Age : |
10.01.1957 |
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Date of Appointment : |
26.04.2010 |
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PAN No.: |
AACPA3272C |
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DIN No.: |
00011316 |
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Name : |
Mr. Sanjay Kumar Singhania |
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Designation : |
Director |
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Address : |
9/402, B-9/3 Shakti Kunj Appartments, Sector – 62, Noida – 201301,
Uttar Pradesh, India |
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Date of Birth/Age : |
02.05.1967 |
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Date of Appointment : |
28.09.2008 |
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DIN No.: |
02330235 |
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Name : |
Mr. Balbir Singh |
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Designation : |
Director |
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Address : |
Flat No.156, Pocket-6, Kendriya Vihar-2, Sector82, Noida-201301, Uttar
Pradesh, India |
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Date of Birth/Age : |
15.05.1971 |
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Date of Appointment : |
15.05.2009 |
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DIN No.: |
02640402 |
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Name : |
Mr. Tukaram Ramrao Chate |
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Designation : |
Director |
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Address : |
Damyanti Apartments, Flat No.1, Behind HDFC House, Civilline Nagar,
Nagpur-440001, Maharashtra, India |
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Date of Birth/Age : |
05.01.1956 |
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Date of Appointment : |
29.09.2010 |
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DIN No.: |
02919428 |
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Name : |
Mr. Himani Agarwal |
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Designation : |
Director |
|
Address : |
J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India |
|
Date of Appointment : |
29.09.2012 |
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PAN No.: |
AGDPJ9740K |
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DIN No.: |
03362232 |
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Name : |
Kirpal Singh |
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Designation : |
Director |
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Address : |
11 No. 248, Majithia Enclave, Patiala – 147005, Punjab, India |
|
Date of Appointment : |
18.05.2013 |
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DIN No.: |
06606755 |
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Name : |
Mr. Mahesh Chand Sharma |
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Designation : |
Director |
|
Address : |
Flat No. UG-2-Tower-5, Civitech Florencia Park, Sapphire, Ramprashta
Greens Vaishali – 201010, Uttar Pradesh, India |
|
Date of Appointment : |
29.09.2012 |
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DIN No.: |
06384218 |
KEY EXECUTIVES
|
Name : |
Ms. Rekha Sadana |
|
Designation : |
Secretary |
|
Address : |
28/53, West Patel Nagar, New Delhi-110008, |
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Date of Birth/Age : |
01.06.1974 |
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Date of Appointment : |
08.10.2003 |
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PAN No.: |
AVLPS5652C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Manohar Lal Agarwal |
2380000 |
|
Madhusudan Agarwal |
2380000 |
|
Anand Agarwal |
2380000 |
|
Pankaj Agarwal |
2380000 |
|
Amit Agarwal |
2380000 |
|
Sumitra Agarwal |
970000 |
|
Manju Devi Agarwal |
2360000 |
|
Preeti Agarwal |
701607 |
|
Amisha Agarwal |
1430000 |
|
Ritu Agarwal |
220000 |
|
Ashish Agarwal |
2380000 |
|
Umesh Agarwal |
2100000 |
|
Haldiram Exports Private Limited |
541981 |
|
Haldiram Marketing Private Limited, |
250000 |
|
Haldiram Manufacturing Company Private Limited, |
5276668 |
|
Priyanka Agarwal |
35000 |
|
Himani Agarwal |
300000 |
|
Manohar Lal Agarwal HUF |
1250000 |
|
Madhusudan Agarwal HUF |
284744 |
|
|
|
|
Total |
30000000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
20.24 |
|
Directors or relatives of Directors |
74.64 |
|
Other top fifty shareholders |
5.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Frozen Foods, Namkeens, Sweet, Cookies, Sherbets, Minute
Khana, Papads, Pani Puri, Bhel Puri, Chips, Boletos, Takatak, Gujarati Snacks
etc. |
|
|
|
|
Products : |
v
Frozen Foods v
Namkeens v
Sweet v
Cookies v
Sherbets v
Minute Khana v
Papads v
Pani Puri v
Bhel Puri v
Chips v
Boletos, v
Takatak v
Gujarati Snacks |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India ·
Citibank N.A, Jeevan Bharti Building, 4th Floor,
124, Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India ·
HDFC Bank LimitedFC Bank Housesenapati Bapat
Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
P. R. Kumar and Company Chartered Accountants |
|
Address : |
C-2/4, Safdarjung Development Area, Main Aurobindo Marg, |
|
PAN
No. : |
AAEFP8470B |
|
|
|
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Associates Company
: |
v Haldiram Exports Private Limited v M.R. Equipment & Warehousing Private Limited v HRB Foods Private Limited v Haldiram Products Private Limited v Haldiram Marketing Private Limited v Bright Agrotech Private Limited v Crest Developers Private Limited v Coral Products Private Limited v Harmony Agrotech Private Limited v HR Exploration Private Limited (Formerly Known as Sharp Foods Private Limited v Alpine Medicare Private Limited v HRB Softech Private Limited v Haldiram Trading Private Limited v Haldiram Ethnic Foods Private Limited v Adhunik Realators (P) Limited. v HR Snacks Private Limited v Surya India Limited. v Haldiram India Private Limited v Haldiram Manufacturing Company Private Limited v HR Lifecare Private Limited v Haldiram Oversease Private Limited |
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 |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 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 |
300.000 |
300.000 |
133.302 |
|
(b) Reserves & Surplus |
2536.588 |
1865.056 |
1441.217 |
|
(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) |
2836.588 |
2165.056 |
1574.519 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
518.729 |
720.196 |
535.461 |
|
(b) Deferred tax liabilities (Net) |
93.599 |
75.443 |
43.589 |
|
(c) Other long term liabilities |
99.635 |
12.963 |
48.284 |
|
(d) long-term provisions |
66.059 |
21.218 |
15.374 |
|
Total Non-current Liabilities (3) |
778.022 |
829.820 |
642.708 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1899.336 |
1478.208 |
1094.664 |
|
(b) Trade payables |
241.535 |
267.389 |
77.096 |
|
(c) Other current
liabilities |
831.802 |
356.585 |
305.597 |
|
(d) Short-term provisions |
125.948 |
89.839 |
359.272 |
|
Total Current Liabilities (4) |
3098.621 |
2192.021 |
1836.629 |
|
|
|
|
|
|
TOTAL |
6713.231 |
5186.897 |
4053.856 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4025.736 |
3650.111 |
2333.388 |
|
(ii) Intangible Assets |
3.030 |
2.004 |
1.498 |
|
(iii) Capital
work-in-progress |
604.433 |
362.435 |
581.726 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
107.917 |
82.773 |
85.478 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
307.684 |
197.596 |
151.140 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
5048.800 |
4294.919 |
3153.230 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
853.039 |
509.241 |
325.692 |
|
(c) Trade receivables |
410.129 |
123.698 |
89.581 |
|
(d) Cash and cash
equivalents |
169.060 |
125.561 |
109.044 |
|
(e) Short-term loans and
advances |
114.648 |
74.873 |
72.705 |
|
(f) Other current assets |
117.555 |
58.605 |
303.604 |
|
Total Current Assets |
1664.431 |
891.978 |
900.626 |
|
|
|
|
|
|
TOTAL |
6713.231 |
5186.897 |
4053.856 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
12292.218 |
6437.291 |
4675.561 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
10921.681 |
5832.941 |
4095.270 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1370.537 |
604.350 |
580.291 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
359.232 |
210.049 |
173.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1011.305 |
394.301 |
406.696 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
333.634 |
126.236 |
132.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
677.671 |
268.065 |
273.829 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
22.59 |
8.93 |
9.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.51 |
4.16 |
5.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.85 |
8.32 |
12.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.18 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.85 |
1.02 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.54 |
0.41 |
0.49 |
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 |
133.302 |
300.000 |
300.000 |
|
Reserves & Surplus |
1441.217 |
1865.056 |
2536.588 |
|
Net worth |
1574.519 |
2165.056 |
2836.588 |
|
|
|
|
|
|
long-term borrowings |
535.461 |
720.196 |
518.729 |
|
Short term borrowings |
1094.664 |
1478.208 |
1899.336 |
|
Total borrowings |
1630.125 |
2198.404 |
2418.065 |
|
Debt/Equity ratio |
1.035 |
1.015 |
0.852 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
4675.561 |
6437.291 |
12292.218 |
|
|
|
37.680 |
90.953 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
4675.561 |
6437.291 |
12292.218 |
|
Profit |
273.829 |
268.065 |
677.671 |
|
|
5.86% |
4.16% |
5.51% |
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 |
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
1084.265 |
1047.303 |
|
|
|
|
|
Total |
1084.265 |
1047.303 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10462863 |
10/10/2013 |
175,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B90617499 |
|
2 |
10463817 |
18/12/2013 * |
1,000,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT
MARG, LOWER PAREL W, MUMBAI, Maharashtra -400013, INDIA |
B93101913 |
|
3 |
10443201 |
01/08/2013 |
450,000,000.00 |
Citibank N.A |
Jeevan Bharti Building,
4th Floor, 124, Connaught |
B82171893 |
|
4 |
10431689 |
11/06/2013 |
400,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre,
Discovery Of India, DR Annie Besant Road Worli, Mumbai, Maharashtra - 400018,
INDIA |
B77354298 |
|
5 |
10426597 |
10/05/2013 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B75441931 |
|
6 |
10411267 |
24/01/2013 |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra
- 400018, INDIA |
B70605761 |
|
7 |
10402661 |
20/02/2013 * |
378,000,000.00 |
DBS BANK LTD. |
(Acting as an Security
Agent) UPPER GROUND FLOOR,, |
B69727485 |
|
8 |
10402672 |
20/02/2013 * |
540,000,000.00 |
DBS BANK LTD. |
(Acting as an Security
Agent) UPPER GROUND FLOOR,, |
B69714475 |
|
9 |
10410164 |
11/02/2014 * |
450,000,000.00 |
DBS BANK LTD. |
CAPITOL POINT, BABA
KHARAK SINGH MARG,, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
B96292677 |
|
10 |
10410362 |
15/01/2013 |
243,000,000.00 |
DBS Bank Ltd. |
Capitol Point, Baba
Kharak singh Marg, Connaught |
B70282249 |
|
11 |
10365722 |
20/06/2012 |
275,000,000.00 |
Citibank N.A |
9th Floor, DLF Square Building,
Jacaranda Marg, DLF City, Phase - II, Gurgaon, Haryana - 122002, INDIA |
B43719038 |
|
12 |
10314973 |
31/10/2011 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B24223398 |
|
13 |
10283908 |
12/04/2013 * |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra
- 400018, INDIA |
B74037904 |
|
14 |
10276616 |
21/03/2011 |
50,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra
- 400018, INDIA |
B09167958 |
|
15 |
10214508 |
12/04/2013 * |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY
OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra
- 400018, INDIA |
B74038258 |
|
16 |
10000565 |
08/08/2007 * |
56,600,000.00 |
Centurion Bank of Punjab
Limited |
B-222/223, Sector-16,
Noida, Uttar Pradesh - 201301, INDIA |
A20498440 |
* Date of charge modification
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipment’s
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.100.43 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
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 |
|
63 |
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.