MIRA
INFORM REPORT
|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRIVITRON HEALTHCARE PRIVATE LIMITED (w.e.f. 23.10.2008) |
|
|
|
|
Formerly Known
As : |
TRIVITRON DIAGNOSTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Trivitron Sapthagiri Bhawan, No. 15, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.05.1998 |
|
|
|
|
Com. Reg. No.: |
18-040515 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.131 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110TN1998PTC040515 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHET07271F /
CHET07756A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT9378H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Healthcare Products. |
|
|
|
|
No. of Employees
: |
399 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover of the company has declined resulting into sharp dip in
profit of the company during financial year 2013 However, the rating reflects company’s healthy business risk profile
marked by wide distribution network, product diversity in its revenue profile
and sound liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but 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 |
|
High |
B2 |
|
Very High |
C1 |
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
01.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
01.08.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Ashwin |
|
Designation : |
Senior Accountant Executive |
|
Contact No.: |
91-44-249985050 |
|
Date : |
02.09.2014 |
LOCATIONS
|
Registered Office/ Corporate Office : |
Trivitron Sapthagiri Bhawan, No. 15, IV Street, Abhiramapuram, Chennai – 600018, Tamil Nadu, India |
|
Tel. No.: |
91-44-24985050/
28522216/ 28594817/ 24985151/ 5656 |
|
Fax No.: |
91-44-24985757/
28548997/ 24672782 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional/ Branch
Offices : |
Located at: · Chennai ·
·
Pondicherry ·
Mumbai ·
Kolkata ·
Pune ·
New Delhi ·
Cochin ·
Secunderabad · Chandigarh |
|
|
|
|
Overseas Offices : |
Located at: · Dubai · Oman · Finland · United States of America · Sri Lanka ·
Abu Dhabi |
DIRECTORS
As on: 30.09.2013
|
Name : |
Dr. Gomathi Babu
Sadacharam Kulandai Velu |
|
Designation : |
Managing Director
|
|
Address : |
No. 25 (Old No.
13), 1st Main Road, Cit Colony, Mylapore, Chennai – 600004,
Tamilnadu, India |
|
Date of Birth/Age : |
30.06.1967 |
|
Date of Appointment : |
18.05.1998 |
|
PAN No.: |
AABPV3508P |
|
DIN No.: |
00894980 |
|
Voter ID No.: |
AABPV3508P |
|
|
|
|
|
|
|
Name : |
Mrs. Subbulakshmi
Kulandai Velu |
|
Designation : |
Director |
|
Address : |
No. 25 (Old No.
13), 1st Main Road, Cit Colony, Mylapore, Chennai – 600004,
Tamilnadu, India. |
|
Date of Birth/Age : |
25.10.1972 |
|
Date of Appointment : |
18.05.1998 |
|
PAN No.: |
ALHPK3166B |
|
DIN No.: |
00180390 |
|
Voter ID No.: |
ALHPK366B |
|
|
|
|
Name : |
Mr. Sameer
Dungardas Saral |
|
Designation : |
Director |
|
Address : |
C 3, Kosala No. 14,
Srinivasa Road, T. Nagar, Chennai – 600017, Tamilnadu, India. |
|
Date of Birth/Age : |
18.05.2007 |
|
Date of Appointment : |
18.05.1998 |
|
DIN No.: |
00838100 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Dugar |
|
Designation : |
Nominee Director |
|
Address : |
31, Chitrakoot, Altamount Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
01.07.1969 |
|
Date of Appointment : |
23.10.2012 |
|
DIN No.: |
00307729 |
|
|
|
|
Name : |
Robert Mark Weisskoff |
|
Designation : |
Nominee Director |
|
Address : |
18, Preston Road, Lexington, Massachusetts 024203227 |
|
Date of Birth/Age : |
22.06.1962 |
|
Date of Appointment : |
23.10.2012 |
|
DIN No.: |
05122018 |
|
|
|
|
Name : |
Mr. Chandrasekhar kandasamy |
|
Designation : |
Director |
|
Address : |
8A Block 18, Baguio Villas, 555 Victoria Road, Pok Fu Lam Hong Kong |
|
Date of Birth/Age : |
31.01.1967 |
|
Date of Appointment : |
09.11.2012 |
|
DIN no.: |
00236761 |
KEY EXECUTIVES
|
Name : |
Mrs. R Prena |
|
Designation : |
Chief Finance Controller |
MAJOR SHAREHOLDERS
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Equity
Shares |
|
GSK Velu |
|
595030 |
|
Suba K Velu |
|
100 |
|
Sameer D Saral |
|
100 |
|
Eplanet Ventures Mauritius Limited, Mauritius |
|
9062 |
|
Hav2 (Mauritius) Limited, Mauritius |
|
12850 |
|
|
|
|
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
14.22 |
|
Bodies corporate |
85.78 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Healthcare Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
· ING Vysya Bank Limited, 185, Anna Salai, Near TVS, Chennai – 600002, Tamilnadu, India · HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · Standard Chartered Bank, 19,Rajaji Salai, Chennai - 600001,Tamil Nadu, India · Axis Bank Limitedcorporate Banking Branch, Ground Floor,Karumuthu Nilayam, 192, Anna Salai, Chennai - 600002,Tamilnadu, India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
BSRR And Company Chartered Accountant |
|
Address : |
No.10, Mahatma, G A N D H I Roadnungambakkam, India |
|
PAN No.: |
AAIFB4734C |
|
|
|
|
Subsidiary Company |
· Trivitron Medical Systems Private Limited. CIN NO: U74140TN1999PTC043339 · Trivitron Dental Technologies Private Limited. CIN NO: U29297TN2001PTC047581 · Et Trivitron Medical Solutions Private Limited. CIN NO: U85195TN2008PTC068998 · Vision Medicaid Equipments Private Limited. CIN NO: U33112PN2005PTC021225 · Trivitron Healthcare Oy. · Kiran Medical Systems Limited. CIN NO: U33111MH1974PLC017458 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,100 |
Equity Shares |
Rs.10/- each |
Rs.10.001 Millions |
|
2,500,000 |
Preference Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
Total |
|
Rs.35.001 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
674,718 |
Equity Shares |
Rs.10/- each |
Rs.6.747 Millions |
|
238,416 |
Preference Shares |
Rs.10/- each |
Rs.2.384 Millions |
|
|
Total |
|
Rs.9.131 Millions |
After As on:
30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
3,000,000 |
Preference Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
Total |
|
Rs.55.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,164,240 |
Equity Shares |
Rs.10/- each |
Rs.11.642 Millions |
|
1,388,573 |
Preference Shares |
Rs.10/- each |
Rs.13.886 Millions |
|
|
Total |
|
Rs.25.528 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 |
9.131 |
8.104 |
8.104 |
|
(b) Reserves & Surplus |
1525.492 |
586.889 |
549.698 |
|
(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) |
1534.623 |
594.993 |
557.802 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.335 |
29.205 |
36.874 |
|
(b) Deferred tax liabilities (Net) |
144.300 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
2.058 |
0.706 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.164 |
|
Total Non-current Liabilities (3) |
164.693 |
29.911 |
37.038 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
490.528 |
513.918 |
229.377 |
|
(b) Trade payables |
373.357 |
700.118 |
616.422 |
|
(c) Other current
liabilities |
124.510 |
124.176 |
91.095 |
|
(d) Short-term provisions |
22.520 |
17.869 |
1.829 |
|
Total Current Liabilities (4) |
1010.915 |
1356.081 |
938.723 |
|
|
|
|
|
|
TOTAL |
2710.231 |
1980.985 |
1533.563 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
105.366 |
108.122 |
108.390 |
|
(ii) Intangible Assets |
4.816 |
6.590 |
8.251 |
|
(iii) Capital
work-in-progress |
1.220 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
13.801 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1,033.801 |
480.798 |
216.084 |
|
(c) Deferred tax assets (net) |
12.024 |
5.866 |
3.325 |
|
(d) Long-term Loan and Advances |
547.394 |
80.679 |
69.621 |
|
(e) Other Non-current assets |
0.853 |
5.593 |
24.232 |
|
Total Non-Current Assets |
1719.275 |
687.648 |
429.903 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
36.675 |
0.000 |
0.000 |
|
(b) Inventories |
315.851 |
576.052 |
523.226 |
|
(c) Trade receivables |
439.081 |
543.318 |
430.012 |
|
(d) Cash and cash
equivalents |
61.017 |
94.402 |
75.677 |
|
(e) Short-term loans and
advances |
135.539 |
76.579 |
73.318 |
|
(f) Other current assets |
2.793 |
2.986 |
1.427 |
|
Total Current Assets |
990.956 |
1293.337 |
1103.660 |
|
|
|
|
|
|
TOTAL |
2710.231 |
1980.985 |
1533.563 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME (A) |
1597.052 |
2030.035 |
1388.018 |
|
|
|
|
|
|
|
|
Less |
|
TOTAL EXPENSES
(B) |
1485.839 |
1870.838 |
1326.150 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
111.213 |
159.197 |
61.868 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
89.682 |
79.171 |
28.942 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.531 |
80.026 |
32.926 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.126 |
18.845 |
17.593 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
DIMINUTION IN VALUE OF INVESTMENTS |
0.000 |
4.886 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.405 |
56.295 |
15.333 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(5.483) |
19.061 |
5.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.888 |
37.234 |
10.313 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.48 |
14.59 |
4.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.56 |
1.83 |
0.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.21 |
3.77 |
1.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.09 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33 |
0.91 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
0.95 |
1.18 |
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 |
8.104 |
8.104 |
9.131 |
|
Reserves & Surplus |
549.698 |
586.889 |
1525.492 |
|
Net
worth |
557.802 |
594.993 |
1534.623 |
|
|
|
|
|
|
long-term borrowings |
36.874 |
29.205 |
18.335 |
|
Short term borrowings |
229.377 |
513.918 |
490.528 |
|
Total
borrowings |
266.251 |
543.123 |
508.863 |
|
Debt/Equity
ratio |
0.477 |
0.913 |
0.332 |
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 |
1388.018 |
2030.035 |
1597.052 |
|
|
|
46.254 |
(21.329) |
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 |
1388.018 |
2030.035 |
1597.052 |
|
Profit |
10.313 |
37.234 |
8.888 |
|
|
0.74% |
1.83% |
0.56% |
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] |
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 |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10471578 |
13/12/2013 |
398,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, GROUND FLOOR, KARUMUTHU |
B94011376 |
|
2 |
10338778 |
31/01/2012 |
9,310,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B33518341 |
|
3 |
10292452 |
16/05/2011 |
90,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B15085392 |
|
4 |
10245759 |
15/09/2010 |
40,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
A97326763 |
|
5 |
10235983 |
07/08/2010 |
15,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A93273837 |
|
6 |
10223639 |
07/05/2010 |
35,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A87637419 |
|
7 |
10223888 |
07/05/2010 |
65,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A87701678 |
|
8 |
10193669 |
09/12/2009 |
27,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A76343318 |
|
9 |
10171292 |
06/05/2011 * |
702,500,000.00 |
ING VYSYA BANK LIMITED |
185,ANNA SALAI, NEAR TVS, CHENNAI, TAMIL NADU - 6 |
B20862850 |
|
10 |
10159478 |
16/05/2009 |
125,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A62688619 |
|
11 |
10136183 |
06/05/2011 * |
805,000,000.00 |
ING VYSYA BANK LIMITED |
185,ANNA SALAI, NEAR TVS, CHENNAI, TAMIL NADU - 6 |
B30626741 |
|
12 |
10172387 |
07/09/2009 * |
102,500,000.00 |
ING VYSYA BANK LIMITED |
22, M G ROAD,BANGALORE, BANGALORE, KARNATAKA - 560 |
A71583199 |
|
13 |
10067169 |
07/08/2007 |
8,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A22806822 |
|
14 |
10067195 |
07/08/2007 |
40,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A22807002 |
|
15 |
10067178 |
01/08/2007 |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A22806863 |
|
16 |
10016684 |
24/07/2006 |
7,500,000.00 |
HDFC BANK LIMITED |
MARIAM CENTRE, I FLOOR,, 751-B, ANNA SALAI, CHENN |
A03955721 |
|
17 |
10013490 |
24/07/2006 |
105,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A03330354 |
|
18 |
10013484 |
24/07/2006 |
155,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A03330271 |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Office Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· 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.60.45 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
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 |
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 |
|
42 |
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.