MIRA INFORM REPORT
|
Report No. : |
338425 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
HUBERGROUP INDIA PRIVATE LIMITED (w.e.f. 29.05.2015) |
|
|
|
|
Formerly Known
As : |
MICRO INKS
PRIVATE LIMITED (w.e.f. 04.09.2014) MICRO INKS
LIMITED (w.e.f.03.03.2004) |
|
|
|
|
Registered
Office : |
Bilakhia House,
Muktanand Marg, Chala, Vapi – 396191, Gujarat |
|
Tel. No.: |
91-26-3032100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 |
|
|
|
|
Date of
Incorporation : |
13.11.1991 |
|
|
|
|
Com. Reg. No.: |
04-016598 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 248.730 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24220GJ1991PTC016598 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM01621E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH7063F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Printing Inks. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 32000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behavior : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of MHM Holding GmbH, Germany. It is a
well-established company having fine track record. The rating reflects company’s leadership position in the domestic
printing ink market marked by strong financial risk profile, comfortable
capital structure and adequate liquidity position of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Aplesh Chaniyara |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-260-3052100 |
LOCATIONS
|
Registered Office : |
Bilakhia House,
Muktanand Marg, Chala, Vapi – 396191, Gujarat, India |
|
Tel. No.: |
91-26-3032100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Marketing Headquarters/ Sales
and Support - International Business
Division : |
907, Windfall Sahar Plaza, J B Nagar, Andheri (East), Mumbai - 400059,
Maharashtra, India |
|
Tel No.: |
91-22-28360201/ 28364313 |
|
Fax No : |
91-22-28379660/ 28222222 |
|
E-mail : |
|
|
|
|
|
Factory : |
Located at:
|
|
|
|
|
Branch Offices : |
Located At:
|
|
|
|
|
|
|
|
Western Region 1: |
302, Shapath II, Opposite Rajpath Club, Sarkhej Gandhinagar Highway,
Ahmedabad -380015, Gujarat, India |
|
Tel No.: |
91-79-26871541-43 |
|
Fax No : |
91-79-26871544 |
|
|
|
|
Western Region 2 : |
Located at:
|
|
|
|
|
Northern region : |
Located at:
|
|
|
|
|
Southern Region : |
Located at:
|
|
|
|
|
Eastern Region : |
9 Transport Depot Road, Kolkata-700088, West Bengal, India |
|
Tel No.: |
91-33-24496134 / 36 |
|
Fax No : |
91-33-24495051 |
DIRECTORS
AS ON 06.05.2014
|
Name : |
Mr. Heinrich W. Ringer |
|
Designation : |
Director |
|
Address : |
The Village, Near Collectorate, Damanwada, Moli Daman 396220 U.T.,
India |
|
Date of Birth/Age : |
12.12.1944 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.05.2010 |
|
DIN No.: |
01540491 |
|
|
|
|
Name : |
Ashwani Kumar Vishwanath Bhardwaj |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 1001, Emerald Royal Gems, Vapi Daman Road, Vapi, Valsad -
396191, Gujarat, India |
|
Date of Birth/Age : |
18.03.1958 |
|
Qualification : |
B.Sc. MBA |
|
Date of Appointment : |
31.01.2012 |
|
PAN No.: |
AFBPB0925K |
|
DIN No.: |
01515689 |
|
|
|
|
Name : |
Ursula Borgmann |
|
Designation : |
Director Appointed In Casual Vacancy |
|
Address : |
Microink Company, Bilakhia House, Chala, Vapi – 396191, Gujarat, India |
|
Date of Appointment : |
30.07.2014 |
|
PAN No.: |
06930369 |
|
|
|
|
Name : |
Michael Geiger |
|
Designation : |
Director |
|
Address : |
Kreuzweg 35 B,, Stockdorf, 82131, , GERMANY |
|
Date of Appointment : |
03.02.2006 |
|
PAN No.: |
01541193 |
KEY EXECUTIVES
|
Name : |
Alpesh Mansukhlal Chaniyara |
|
Designation : |
Secretary |
|
Address : |
Block No.2, Shree Chala Co-op. Housing Society, Vapi, Daman Road,
Chala, Vapi - 396191, Valsad, Gujarat, India
|
|
Date of Birth/Age : |
13.06.1977 |
|
Date of Appointment : |
01.06.2011 |
|
PAN No.: |
AEHPC5783R |
|
|
|
|
Name : |
Mr. Sandeep
Bhandari |
|
Designation : |
Vice President and Chief Financial Officer |
MAJOR SHAREHOLDERS
AS ON 06.05.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 06.05.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies (s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
99.26 |
|
Bodies corporate |
0.45 |
|
Directors or relatives of Directors |
0.01 |
|
Other top fifty shareholders |
0.28 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Printing Inks. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins
and Sells Chartered
Accountants |
|
Address : |
12, |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
|
|
|
|
|
Associates |
|
|
|
|
|
Subsidiary Companies : |
|
|
|
|
|
Fellow Subsidiaries: |
|
CAPITAL STRUCTURE
AS ON 06.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.10000/- each |
Rs. 300.000 Million |
|
5500000 |
Preference Shares |
Rs. 100/- each |
Rs. 550.000 Million |
|
|
Total |
|
Rs. 850.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24873 |
Equity Shares |
Rs.10000/- each |
Rs. 248.730
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
248.730 |
248.730 |
248.730 |
|
(b) Reserves & Surplus |
10864.764 |
10173.220 |
8855.047 |
|
(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) |
11113.494 |
10421.950 |
9103.777 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
252.161 |
494.480 |
916.300 |
|
(b) Deferred tax liabilities (Net) |
348.997 |
375.066 |
364.308 |
|
(c) Other long term
liabilities |
277.538 |
270.040 |
224.848 |
|
(d) long-term
provisions |
51.507 |
34.759 |
115.474 |
|
Total Non-current
Liabilities (3) |
930.203 |
1174.345 |
1620.930 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1408.499 |
2298.068 |
1030.544 |
|
(b) Trade
payables |
2440.927 |
2755.729 |
2950.859 |
|
(c) Other
current liabilities |
414.319 |
734.077 |
692.127 |
|
(d) Short-term
provisions |
980.575 |
434.353 |
293.318 |
|
Total Current
Liabilities (4) |
5244.320 |
6222.227 |
4966.848 |
|
|
|
|
|
|
TOTAL |
17288.017 |
17818.522 |
15691.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3694.240 |
3778.876 |
4038.980 |
|
(ii)
Intangible Assets |
14.379 |
20.031 |
14.966 |
|
(iii)
Capital work-in-progress |
10.928 |
127.877 |
50.994 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2037.780 |
2037.780 |
2037.780 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
622.784 |
652.605 |
407.230 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
6380.111 |
6617.169 |
6549.950 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3230.936 |
3490.883 |
2643.124 |
|
(c) Trade
receivables |
7156.416 |
6865.761 |
5858.133 |
|
(d) Cash
and cash equivalents |
25.543 |
29.771 |
77.936 |
|
(e)
Short-term loans and advances |
401.665 |
579.161 |
428.788 |
|
(f) Other
current assets |
93.346 |
235.777 |
133.624 |
|
Total
Current Assets |
10907.906 |
11201.353 |
9141.605 |
|
|
|
|
|
|
TOTAL |
17288.017 |
17818.522 |
15691.555 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23255.160 |
24324.794 |
21519.622 |
|
|
|
Other Income |
|
30.717 |
35.656 |
|
|
|
TOTAL |
23255.160 |
24355.511 |
21555.278 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
17537.048 |
15346.472 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(304.207) |
(120.995) |
|
|
|
Employees benefits expense |
|
634.207 |
592.320 |
|
|
|
Other expenses |
|
3515.949 |
3249.099 |
|
|
|
TOTAL |
20372.840 |
21382.997 |
19066.896 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2882.320 |
2972.514 |
2488.382 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
175.540 |
244.235 |
234.061 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2706.780 |
2728.279 |
2254.321 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
412.292 |
414.601 |
371.715 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2294.488 |
2313.678 |
1882.606 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
709.030 |
819.758 |
622.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1585.458 |
1493.920 |
1260.228 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5910.030 |
4741.860 |
3804.500 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
160.000 |
150.000 |
150.000 |
|
|
|
Dividend |
746.200 |
149.240 |
149.240 |
|
|
|
Tax on Dividend |
147.720 |
26.510 |
23.630 |
|
|
BALANCE CARRIED
TO THE B/S |
6441.568 |
5910.030 |
4741.858 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
13564.904 |
11026.223 |
|
|
|
Commission Earnings |
NA |
2.795 |
0.312 |
|
|
TOTAL EARNINGS |
NA |
13567.699 |
11026.535 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
9228.498 |
7043.254 |
|
|
|
Stores & Spares |
NA |
15.452 |
23.877 |
|
|
|
Capital Goods |
NA |
3.295 |
72.871 |
|
|
TOTAL IMPORTS |
NA |
9247.245 |
7140.002 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
63742.13 |
60061.91 |
50666.51 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.82 |
6.14 |
5.86 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.39 |
12.22 |
11.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.06 |
14.78 |
13.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.22 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15 |
0.27 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08 |
1.80 |
1.84 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
248.730 |
248.730 |
248.730 |
|
Reserves & Surplus |
8855.047 |
10173.220 |
10864.764 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9103.777 |
10421.950 |
11113.494 |
|
|
|
|
|
|
long-term borrowings |
916.300 |
494.480 |
252.161 |
|
Short term borrowings |
1030.544 |
2298.068 |
1408.499 |
|
Current Maturities of Long Term
Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1946.844 |
2792.548 |
1660.660 |
|
Debt/Equity
ratio |
0.214 |
0.268 |
0.149 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
21519.622 |
24324.794 |
23255.160 |
|
|
|
13.035 |
-4.397 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
21519.622 |
24324.794 |
23255.160 |
|
Profit |
1260.228 |
1493.920 |
1585.458 |
|
|
5.86% |
6.14% |
6.82% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
---- |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Micro Inks Private Limited (the Company) is engaged in the manufacturing of various types of Printing Inks, Resins, Adhesives, Pigments, Flush Colours, Wire Enamels, Retarders and their intermediates. It is a part of the Germany based hubergroup.
OUTLOOK
The global economy expanded at a moderate and an uneven pace during the year 2014 and is still struggling to gain momentum. Amongst the developed countries, USA gathered momentum mainly due to accommodative monetary policies and low interest rates. Eurozone witnessed problems as the legacies of financial crisis still linger. China too has slowed down mainly due to slack global demand. The slow growth in Eurozone is having its telling impact on the overall demand, which has led to softening of commodity prices. The fall in oil prices has positive impact on economies like India and China that happen to be big importers of oil. However, it has an adverse impact on the oil exporting countries. Everything points to a steady economic recovery in 2015 though the pace continues to remain slow.
In short, FY 2014 remained more or less stable in terms of demand and commodity prices, except oil. Indian currency too remained stable compared to the US dollar. Simply put, it was a static year, even though your company reported a topline growth and achieved higher profitability mainly due to cost savings derived from internal efficiencies.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWING |
|
|
|
Rupee term loan from banks |
996.032 |
958.055 |
|
Total |
996.032 |
958.055 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10402321 |
03/04/2013 * |
550,000,000.00 |
The Bank of Nova Scotia Asia Limited |
One Raffles Quay, #20-01 North Tower, Singapore, - 048583, SINGAPORE |
B73979544 |
|
2 |
10397775 |
03/04/2013 * |
500,000,000.00 |
The Bank of Nova Scotia |
Mittal Tower, "B" Wing, Nariman Point, Mumbai - 400021, Maharashtra, INDIA |
B74023763 |
|
3 |
10319236 |
03/04/2013 * |
450,000,000.00 |
DBS Bank Limited |
Upper Ground Floor, Birla Road, 25 Barakhamba Road, New Delhi - 110001, INDIA |
B74024357 |
|
4 |
10106131 |
03/04/2013 * |
1,000,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60, M. G. Road, Fort, Mumbai - 400001, Maharashtra, INDIA |
B73979023 |
|
5 |
80012233 |
03/04/2013 * |
2,150,000,000.00 |
State Bank of India |
3rd Floor, State Bank Bhavan,, Madam Kama Road, Nariman Point, Mumbai - 400021, Maharashtra, INDIA |
B73241507 |
|
6 |
80012217 |
03/04/2013 * |
1,750,000,000.00 |
ICICI Bank Limited |
Landmark, Race
Course Circle, Alkapuri, Baroda, |
B73084725 |
|
7 |
80012219 |
04/06/2011 * |
1,800,000,000.00 |
STANDARD CHARTERED BANK |
90, M. G. ROAD,, FORT, MUMBAI - 400001, Maharashtra, INDIA |
B15306137 |
|
8 |
90103243 |
19/05/2011 * |
350,000,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD - 380006, Gujarat, INDIA |
B13361019 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Other
Equipments
- Computer
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.51 |
|
UK Pound |
1 |
Rs. 104.01 |
|
Euro |
1 |
Rs. 76.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SANS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
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 |
|
66 |
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.