MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HALDIRAM FOODS INTERNATIONAL PRIVATE LIMITED (w.e.f. 01.02.2012) |
|
|
|
|
Formerly Known
As : |
HALDIRAM FOODS INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
A 204, Shyam Kamal Agrawal Market, Tejpal Road, Vile Parle (East),
Mumbai – 400 057, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.12.1987 |
|
|
|
|
Com. Reg. No.: |
11-045509 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 124.059 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15100MH1987PTC045509 |
|
|
|
|
IEC No.: |
NGPH02489E |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AAACH3628L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the manufacturing and selling of sweets/namkeens
and extruded snack items |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 16100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
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. The rating takes into consideration the company’s strong brand image
and established market position. Trade relations are reported as fair. Business is active. Payments
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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
|
Rating Agency Name |
ICRA |
|
Rating |
AA- (Fund Based Limits) |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
November 2013 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ (Non Fund Based Limits) |
|
Rating Explanation |
Very strong degree of safety and low credit risk |
|
Date |
November 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Ameya |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-26170762 |
|
Date : |
03.09.2014 |
LOCATIONS
|
Registered
Office/ Branch Office 1 : |
A 204, Shyam Kamal, Agrawal Market, Tejpal Road, Vile Parle (East),
Mumbai - 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26130771 / 26170762 |
|
Fax No.: |
91-22-26145116 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Head Office / Factory : |
“'Haldiram House', Plot No. 145/146,
Old Pardi Naka,, Bhandara Road, Nagpur –440008, Maharashtra, India |
|
Tel. No.: |
91-712 268 1191 / 268 1091 / 2681192/3/4 |
|
Fax No.: |
91-712-2680218 |
|
|
|
|
|
|
|
Branch Office 2 : |
A 204, Tejpal Road Shyam Kamal, Agrawal CHS Limited, West Wing, Vile
Parle (East), Mumbai - 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26130771 / 26170762 |
|
Fax No.: |
91-22-26145116 |
|
|
|
|
Branch Office 3
: |
#1213, 100 Feet Road, Hall II Stage, Indranagaram, Bangalore – 560008,
Karnataka, India |
|
Tel. No.: |
91-80-41154467 |
|
|
|
|
Branch Office 4
: |
Number 1/2, Peeran Streets, Saligram, Near AVM Studio, Opposite Sooriya
Hospital, Chennai – 600093, Tamilnadu, India |
|
Tel. No.: |
91- 44 31062867 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Kamalkumar Shivkishan Agrawal |
|
Designation : |
Director |
|
Address : |
918, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1973 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
01.12.2007 |
|
PAN No.: |
ABFPA1043D |
|
DIN No.: |
00015010 |
|
|
|
|
Name : |
Mr. Rajendrakumar Shivkishan Agrawal |
|
Designation : |
Whole – time Director |
|
Address : |
918, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1960 |
|
Qualification : |
M.COM |
|
Date of Appointment : |
25.07.2010 |
|
PAN No.: |
ABFPA1041 |
|
DIN No.: |
00074439 |
|
|
|
|
Name : |
Mr. Sushilkumar Shivkishan Agrawal |
|
Designation : |
Director |
|
Address : |
918, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1967 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.12.2007 |
|
PAN No.: |
ABFPA1045F |
|
DIN No.: |
00074470 |
|
|
|
|
Name : |
Mr. Srinivasrao Sambhashivrao Vinnokata |
|
Designation : |
Director |
|
Address : |
379 Subhan Nagar Opposite H. B. Town Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1965 |
|
Qualification : |
M.COM |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
01257848 |
KEY EXECUTIVES
|
Name : |
Mr. Ameya |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
RAJENDRA AGRAWAL 1160891 |
|
1160891 |
|
KAMAL AGRAWAL 1128900 |
|
1128900 |
|
SUSHIL AGRAWAL 1126116 |
|
1126116 |
|
JAMNADEVI AGRAWAL 534108 |
|
534108 |
|
Smt. PREMLATA AGRAWAL 517400 |
|
517400 |
|
Smt. SANGEETA AGRAWAL 579038 |
|
579038 |
|
Smt. REENA AGRAWAL 1087218 |
|
1087218 |
|
NEERAJ AGRAWAL 245009 |
|
245009 |
|
AVIN AGRAWAL 290350 |
|
290350 |
|
VIVEK AGRAWAL 374140 |
|
374140 |
|
VANSHITA AGRAWAL 101500 |
|
101500 |
|
ANSHITA AGRAWAL 94800 |
|
94800 |
|
SHIVKISHAN MOOLCHAND AGRAWAL (HUF) 32900 |
|
32900 |
|
RAJENDRA KUMAR SHIVKISHAN AGRAWAL (HUF)
333500 |
|
333500 |
|
SUSHILKUMAR SHIVKISHAN AGRAWAL (HUF) 7250 |
|
7250 |
|
KAMALKUMAR SHIVKISHAN AGRAWAL (HUF) 313592 |
|
313592 |
|
SHIVKISHAN AGRAWAL 8408 |
|
8408 |
|
KARISHMA AGRAWAL 51837 |
|
51837 |
|
NAVYA AGRAWAL 134320 |
|
134320 |
|
HALDIRAM VITTA & VINIYOG PRIVATE LIMITED
1916000 |
|
1916000 |
|
POPULAR SUPPLIERS PRIVATE LIMITED 1111290 |
|
1111290 |
|
KASANA FOODS PRIVATE LTD (MOHANLAL) 31460 |
|
31460 |
|
KUNAL SNACKS PRIVATE LIMITED 447580 |
|
447580 |
|
GOEL PROPERTIES PVT LTD 42000 |
|
42000 |
|
SURABH AGRAWAL 7250 |
|
7250 |
|
SAGARMAL JUGALKISHOAR AGRAWAL 7250 |
|
7250 |
|
SUNDERLAL SURANA 7250 |
|
7250 |
|
SAROJDEVI AGRAWAL 4750 |
|
4750 |
|
MITHLESH AGRAWAL 7250 |
|
7250 |
|
RAJENDRA BAID 7250 |
|
7250 |
|
DIVYESH THAKKAR 7250 |
|
7250 |
|
BHARAT THAKKAR 7250 |
|
7250 |
|
MAMTA AGRAWAL 8700 |
|
8700 |
|
DINESBHAI PATEL 7250 |
|
7250 |
|
MANIDEVI BHARARIA 4750 |
|
4750 |
|
DEEPAK MAHESHWARI 8700 |
|
8700 |
|
ILA VANJANI 7250 |
|
7250 |
|
LAXMANDAS GYANANI 7250 |
|
7250 |
|
NIRAJ AGRAWAL 29000 |
|
29000 |
|
|
|
|
|
Total |
|
11798007 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
30.07 |
|
Directors or relatives of Directors |
|
68.84 |
|
Other top fifty shareholders |
|
1.09 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and selling of sweets/namkeens
and extruded snack items. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
State
Bank of India, Hingna Industrial Estate Branch, Hingna, Nagpur – 40016, Maharashtra,
India ·
HDFC Bank Limited, HDFC Bank, Housesenapati
Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India. |
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal Chhallani and Company Chartered Accountants |
|
Address : |
51, New Colony, Nagpur – 440 001, Maharashtra, India |
|
Tel. No.: |
91-712-2544250 / 2544253 |
|
PAN No.: |
AASPC0224A |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital: Rs.
130.000 Millions
Issued, Subscribed & Paid-up Capital: Rs. 124.059 Millions
As on: 30.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 130.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,798,007 |
Equity Shares |
Rs.10/- each |
Rs. 117.980
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 |
124.059 |
124.059 |
124.059 |
|
(b) Reserves & Surplus |
3900.116 |
3050.972 |
2373.358 |
|
(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) |
4024.175 |
3175.031 |
2497.417 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
115.003 |
0.000 |
16.141 |
|
(b) Deferred tax liabilities (Net) |
240.820 |
174.282 |
148.555 |
|
(c) Other long term liabilities |
59.191 |
59.991 |
49.433 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
415.014 |
234.273 |
214.129 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
770.918 |
279.806 |
232.692 |
|
(b) Trade payables |
422.211 |
465.434 |
245.624 |
|
(c) Other current
liabilities |
248.257 |
176.634 |
127.639 |
|
(d) Short-term provisions |
0.000 |
0.000 |
28.947 |
|
Total Current Liabilities (4) |
1441.386 |
921.874 |
634.902 |
|
|
|
|
|
|
TOTAL |
5880.575 |
4331.178 |
3346.448 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2266.920 |
1758.779 |
1374.598 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
598.082 |
606.048 |
237.334 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
175.389 |
28.852 |
2.095 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
65.067 |
61.951 |
111.667 |
|
(e) Other Non-current assets |
|
|
|
|
Total Non-Current Assets |
3105.458 |
2455.630 |
1725.694 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1029.828 |
379.705 |
358.408 |
|
(c) Trade receivables |
304.656 |
238.182 |
221.770 |
|
(d) Cash and cash
equivalents |
838.842 |
811.179 |
604.925 |
|
(e) Short-term loans
and advances |
601.791 |
446.482 |
430.545 |
|
(f) Other current
assets |
0.000 |
0.000 |
5.106 |
|
Total Current Assets |
2775.117 |
1875.548 |
1620.754 |
|
|
|
|
|
|
TOTAL |
5880.575 |
4331.178 |
3346.448 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10118.934 |
8653.618 |
6779.554 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1299.707 |
1089.915 |
848.702 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.999 |
14.240 |
10.697 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1283.708 |
1075.675 |
838.005 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
103.583 |
75.372 |
62.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1180.125 |
1000.303 |
775.410 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
356.028 |
323.117 |
247.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
824.097 |
677.186 |
527.442 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
459.538 |
58.99 |
|
|
TOTAL
EARNINGS |
|
|
58.99 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
12.277 |
11.176 |
|
|
|
Stores & Spares |
NA |
7.301 |
8.761 |
|
|
|
Capital Goods |
NA |
173.128 |
34.059 |
|
|
|
Others |
NA |
0.000 |
2.743 |
|
|
TOTAL IMPORTS |
NA |
192.706 |
56.739 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
69.85 |
54.62 |
42.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
11.66 |
11.56 |
11.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.11 |
27.06 |
24.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.32 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.22 |
0.09 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93 |
2.03 |
2.55 |
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 |
124.059 |
124.059 |
124.059 |
|
Reserves & Surplus |
2373.358 |
3050.972 |
3900.116 |
|
Net
worth |
2497.417 |
3175.031 |
4024.175 |
|
|
|
|
|
|
long-term borrowings |
16.141 |
0.000 |
115.003 |
|
Short term borrowings |
232.692 |
279.806 |
770.918 |
|
Total
borrowings |
248.833 |
279.806 |
885.921 |
|
Debt/Equity
ratio |
0.100 |
0.088 |
0.220 |
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 |
6779.554 |
8653.618 |
10118.934 |
|
|
|
27.643 |
16.933 |
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 |
6779.554 |
8653.618 |
10118.934 |
|
Profit |
527.442 |
677.186 |
824.097 |
|
|
7.78% |
7.83% |
8.14% |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from 1174, Jalalpura Gandhi Baug, Nagpur- 440 002 Maharashtra, India to present address w.e.f. 01.06.2006
UNSECURED
LOAN
(Rs. In
Rupees)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loan and Advances from Director |
26.517 |
0.094 |
|
|
|
|
|
Total |
26.517 |
0.094 |
INDEX OF CHARGES:-
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10412967 |
27/09/2013 * |
260,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W |
B88705629 |
|
2 |
90229859 |
28/03/2014 * |
230,000,000.00 |
STATE BANK OF INDIA |
STATE BANK OF INDIA, BHARAT NAGAR,
AMRAVATI ROAD, |
C02766277 |
|
3 |
90232464 |
01/02/1990 |
3,000,000.00 |
MAHARASHTRA STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BLDG; 5; 7; 8 & 9TH
FLS, A.K. NAYAK |
- |
FIXED ASSETS
·
Land
·
Building
·
Office Buildings
·
Machinery
·
Electrical Equipments
·
Storage and Handling
Equipment
·
Laboratory Equipment
·
Office Equipments
·
Effluent Treatment Plant
·
Computers
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.61.10 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
8 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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.