MIRA INFORM REPORT
|
Report No. : |
354667 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NAPINO AUTO AND ELECTRONICS LIMITED |
|
|
|
|
Registered
Office : |
753 - 754, Udyog Vihar, Phase - V, Gurgaon – 122 016, Haryana |
|
Tel. No.: |
91-124-2346204 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.11.1991 |
|
|
|
|
Com. Reg. No.: |
05-031470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.494 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300HR1991PLC031470 |
|
|
|
|
IEC No.: |
0595014305 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKN01531F/ RTKN00907E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACN4973G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Regulator/Rectifiers and Capacitor
Discharge Igniters. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1991 having
good track record. As per registrar of companies the date of balance sheet (i.e.,
financial filed) is shown as 31.03.2015 but the documents related to the
financial for the year 2015 are not available from any sources. As per available financial of 2014, turnover and profit of the company
has declined. However, net worth base of the company is strong. General
financial position of the company is sound and healthy. Balance sheet of the company is debt free. Trade relations are reported as fair. Business is active. Payments terms are reported as 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 – 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) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office/ Factory 1: |
753 - 754, Udyog Vihar, Phase - V, Gurgaon – 122 016, Haryana, India |
|
Tel. No.: |
91-124-2346204, 4001158 |
|
Fax No.: |
91-124-2346205, 4001876 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Factory 2 : |
Plot No.7, Sector 3, IMT- Manesar, District Gurgaon – 122 050, |
|
Tel. No.: |
91-124-2290050 |
|
Fax No.: |
91-124-2290049 |
|
|
|
|
Plant : |
Located at
|
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Vipin Raheja |
|
Designation : |
Managing director |
|
Address : |
H. No. - C-5/6, Vasant Vihar, New Delhi - 110057, India |
|
Date of Birth/Age : |
31.07.1952 |
|
Qualification: |
B.Sc, Engg.(Electrical) |
|
Experience: |
38 Years |
|
Date of Appointment : |
14.11.1991 |
|
DIN No.: |
00032931 |
|
Election Commission Identity Card No.: |
02/03/016/000147 |
|
PAN No.: |
AACPR8484M |
|
|
|
|
Name : |
Vandana Raheja |
|
Designation : |
Whole-time director |
|
Address : |
C-5/6, Vasant Vihar, New Delhi - 110057, India |
|
Date of Birth/Age : |
04.11.1958 |
|
Qualification: |
Graduate |
|
Experience: |
32 Years |
|
Date of Appointment : |
29.09.1999 |
|
DIN No.: |
00053398 |
|
PAN No.: |
AGAPR6905P |
|
|
|
|
Name : |
Mr. Vaibhav Raheja |
|
Designation : |
Whole-time director |
|
Address : |
H. No. - C-5/6, Vasant Vihar, New Delhi - 110057, India |
|
Qualification: |
MA in Business Management from The University of Nottingham, UK |
|
Experience: |
9 Years |
|
Date of Birth/Age : |
20.02.1987 |
|
Date of Appointment : |
20.02.2005 |
|
DIN No.: |
00053672 |
|
PAN No.: |
AIQPR7627A |
|
|
|
|
Name : |
Vani Raheja |
|
Designation : |
Whole-time director |
|
Address : |
H. No. - C-5/6, Vasant Vihar, New Delhi - 110057, India |
|
Date of Birth/Age : |
13.03.1983 |
|
Date of Appointment : |
01.10.2005 |
|
DIN No.: |
00053343 |
|
PAN No.: |
AGAPR6906Q |
|
|
|
|
Name : |
Mr. Navin Raheja |
|
Designation : |
Director |
|
Address : |
5/41, West Punjabi Bagh, New Delhi -110026, India |
|
Date of Birth/Age : |
12.03.1957 |
|
Date of Appointment : |
14.11.1991 |
|
DIN No.: |
00227685 |
|
PAN No.: |
AAFPR0594P |
|
|
|
|
Name : |
Mr. Shyam Arora |
|
Designation : |
Director |
|
Address : |
C-781, Sector-C, Mahanagar, Lucknow - 226006, Uttar Pradesh, India |
|
Date of Appointment : |
19.03.2015 |
|
DIN No.: |
00742924 |
|
|
|
|
Name : |
Mr. Kuldeep Mathur |
|
Designation : |
Director |
|
Address : |
204, 2nd Ave Ste 420, San Mateo, California, 94401, United States of America |
|
Date of Appointment : |
07.05.2015 |
|
DIN No.: |
07148589 |
KEY EXECUTIVES
|
Name : |
Mr. Inderneel Sethi |
|
Designation : |
Secretary |
|
Address : |
137/21, Gali No. 1, Raj Nagar, Gurgaon - 122001, Haryana,
India |
|
Date of Birth/Age : |
31.01.1976 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No: |
ATWPS4150L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Vipin Raheja |
|
511011 |
|
Navin Raheja |
|
194600 |
|
Pawan Kant Munjal |
|
16 |
|
Vinod Ahuja |
|
16 |
|
Jatender Kumar Mehta |
|
16 |
|
Virendra Kumar Chhabra |
|
16 |
|
Vandana Raheja |
|
506112 |
|
Shindengen Electric Manufacturing Company Limited, Japan |
|
440000 |
|
Vani Raheja |
|
136760 |
|
Vaibhav Raheja |
|
136765 |
|
Kunal Raheja |
|
24080 |
|
Total |
|
1949392 |
Equity Share Break up (Percentage of Total Equity)
AS ON 04.09.2014
|
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 |
22.57 |
|
Directors or relatives of Directors |
77.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Regulator/Rectifiers and Capacitor
Discharge Igniters. (Registered
Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Sehgal Mehta and Company Chartered Accountants |
|
Address : |
10173/2, Block No. 15, 15, Abdul Aziz Road, W.E.A Karol Bagh, New Delhi, 110005, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS2420G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint venture: |
|
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
[U51909DL1996PTC083296]
[U74899DL1989PTC035720]
[U74899DL2005PTC143122]
[U35990HR2011PTC043800] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1949392 |
Equity Shares |
Rs.10/- each |
Rs. 19.494
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 |
19.494 |
19.494 |
19.494 |
|
(b) Reserves & Surplus |
3081.965 |
2691.880 |
2316.172 |
|
(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) |
3101.459 |
2711.374 |
2335.666 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
4.450 |
8.937 |
0.000 |
|
(c) Other long term
liabilities |
0.722 |
1.279 |
7.108 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
5.172 |
10.216 |
7.108 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
895.334 |
1033.562 |
1015.837 |
|
(c) Other current liabilities |
120.484 |
84.738 |
69.117 |
|
(d) Short-term provisions |
152.472 |
113.355 |
123.274 |
|
Total
Current Liabilities (4) |
1168.290 |
1231.655 |
1208.228 |
|
|
|
|
|
|
TOTAL |
4274.921 |
3953.245 |
3551.002 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1014.347 |
1013.462 |
734.912 |
|
(ii) Intangible Assets |
4.993 |
4.877 |
3.709 |
|
(iii) Capital work-in-progress |
7.860 |
51.407 |
282.162 |
|
(iv) Intangible assets under
development |
0.117 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.064 |
|
(d) Long-term Loan and Advances |
12.637 |
22.169 |
13.779 |
|
(e) Other Non-current assets |
6.384 |
1.496 |
1.850 |
|
Total
Non-Current Assets |
1046.338 |
1093.411 |
1036.476 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1010.128 |
308.953 |
206.034 |
|
(b) Inventories |
916.529 |
996.179 |
870.789 |
|
(c) Trade receivables |
999.356 |
942.252 |
1126.911 |
|
(d) Cash and cash equivalents |
83.048 |
378.855 |
131.928 |
|
(e) Short-term loans and
advances |
218.494 |
233.297 |
177.345 |
|
(f) Other current assets |
1.028 |
0.298 |
1.519 |
|
Total
Current Assets |
3228.583 |
2859.834 |
2514.526 |
|
|
|
|
|
|
TOTAL |
4274.921 |
3953.245 |
3551.002 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
6976.907 |
7491.837 |
7104.298 |
|
|
Other Income |
40.780 |
53.119 |
31.282 |
|
|
TOTAL
(A) |
7017.687 |
7544.956 |
7135.580 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5211.379 |
5806.919 |
5536.569 |
|
|
purchase of stock in trade |
0.000 |
0.000 |
14.519 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.856) |
(113.099) |
(55.733) |
|
|
Employees benefits expense |
551.649 |
502.718 |
463.484 |
|
|
Other expenses |
413.125 |
404.700 |
360.659 |
|
|
TOTAL
(B) |
6171.297 |
6601.238 |
6319.498 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
846.390 |
943.718 |
816.082 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
846.390 |
943.718 |
816.082 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
142.567 |
130.633 |
107.005 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
703.823 |
813.085 |
709.077 |
|
|
|
|
|
|
|
Less |
TAX (H) |
224.052 |
209.536 |
198.245 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
479.771 |
603.549 |
510.832 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Dividend Interim |
0.000 |
136.457 |
38.988 |
|
|
Proposed Final Dividend |
77.976 |
58.481 |
38.988 |
|
|
Tax on Dividend |
13.252 |
32.076 |
12.650 |
|
|
Previous Year Adjustments |
1.542 |
(0.826) |
(4.650) |
|
|
Transfer to General Reserve |
47.977 |
60.355 |
51.083 |
|
|
Balance
Carried to the B/S |
390.085 |
315.353 |
364.473 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
246.11 |
309.61 |
262.05 |
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 flows from (used in) operations |
758.961 |
967.620 |
369.704 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.88 |
8.06 |
7.19 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.13 |
12.60 |
11.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.49 |
20.84 |
21.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.30 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.76 |
2.32 |
2.08 |
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 |
19.494 |
19.494 |
19.494 |
|
Reserves & Surplus |
2316.172 |
2691.880 |
3081.965 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2335.666 |
2711.374 |
3101.459 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
7104.298 |
7491.837 |
6976.907 |
|
|
|
5.455 |
-6.873 |
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 |
7104.298 |
7491.837 |
6976.907 |
|
Profit |
510.832 |
603.549 |
479.771 |
|
|
7.19% |
8.06% |
6.88% |
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 |
No |
|
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 |
OPERATING RESULTS,
PROFITS AND PROSPECTS
Economic slowdown, increase in fuel prices, high interest rates and inflation significantly weighed down urban consumer sentiment. Despite this, Two Wheelers sales registered an overall growth of around 7% during the year and the Scooter and Motorcycle segment grew at around 21% and 4% respectively.
The GDP growth rate of Indian economy continued to remain low at 4.90% as compared to 5.00% in 2012-13. The sub-5% growth of the economy in 2013-14 is primarily the result of the continued slowdown in the industrial sector and lower growth in the trade, hotels, transport and communications segment of the service sector.
The International Monetary Fund in January 2014 revised the growth projection for the world economy slightly upwards to 3% and 3.7% for the years 2013 and 2014 respectively. From 2014 onwards, global growth prospects are projected to improve over the medium term at a gradual pace.
The formation of the new government at the Centre with clear mandate has revived hope for structural reforms and better investment climate and the country’s growth is likely to accelerate as the new government is expected to undertake previously stalled reforms which can help in increasing economic growth.
The Company’s total sales are down by 7.10% from Rs.7444.883 Million in the previous year to Rs.6915.992 Million in the current year. The profit before taxes (PBT) for the year 2013-2014 reduced to Rs.703.823 Million as compared to the profit of Rs.813.085 Million achieved in the previous year. The profit after tax (PAT) for the year 2013-2014 is Rs.479.771 Million as compared to Rs.603.549 Million achieved in the previous year.
The basic reasons for the decrease in sales and profits have been increase in competition, loss of share of business due to decline in market share of their main customer, M/s Hero MotoCorp Limited from 38.4% in the previous year to 36.4% in the financial year and industrial unrest during the year under review. The Company has taken several measures to improve the operations and performance of the Company by adopting measures of cost control like localization, development and commercialization of low cost alternative products. By adopting these measures, the Company expects better results in the year 2014-15.
The directors wish to inform you that the turnover during the 1st Quarter of the current year, 2014-15 increased by 2.64% to Rs.19.140 Million against Rs.18.648 Million in the corresponding period in the year 2013-14.
CORPORATE INFORMATION
Subject has made a significant contribution in the field of Auto Electrical and Electronics Products over a period of two decades and made its presence indispensible in the industry. The Company is currently operating at the following premises:-
a) Plant 1: Gurgaon Plant
b) Plant 2: Manesar Plant
c) Plant 3: Haridwar Plant
d) Plant 4: Sector 8, Manesar
The company is the largest manufacturer of Regulator/Rectifiers and Capacitor Discharge Igniters in India.
Besides manufacturing Electronic Parts, Napino Auto also manufactures wiring harnesses, Switches and Resistors Assembly etc. to cater to the needs of renowned auto manufacturers across the globe. Napino Auto delivers products of high quality and aims at ensuring customer satisfaction.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10553496 |
28/02/2015 |
250,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
25, BIRLA TOWER, BARAKHAMBA ROAD, NEW DELHI, DELH |
C45826104 |
|
2 |
10191141 |
21/01/2015 * |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C41274267 |
|
3 |
10144575 |
26/02/2009 |
75,000,000.00 |
CITIBANK N.A. |
JEEVAN VIHAR, 3 SANSAD MARG, NEW DELHI, DELHI - 11 |
A57593212 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- 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, 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 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.66.99 |
|
UK Pound |
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
53 |
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.