MIRA INFORM REPORT
|
Report No. : |
306425 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHEMINOVA INDIA LIMITED |
|
|
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Registered
Office : |
Keshava, 7th Floor, Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, |
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Country : |
India |
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|
Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
15.01.1986 |
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Com. Reg. No.: |
11-038627 |
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Capital
Investment / Paid-up Capital : |
Rs. 303.500 millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U24100MH1986PLC038627 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC11333A MUMC11823A |
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PAN No.: [Permanent Account No.] |
AAACL1417E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing crop protection solution through
manufacturing and marketing of agrochemicals and its intermediates |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Company is performing well. Liquidity position seems to be good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered for business dealing 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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|
|
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = A+ |
|
Rating Explanation |
Adequate credit quality and average credit quality |
|
Date |
June 13, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1 |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
June 13, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON-CO-OPERTIVE (91-22-67045504)
LOCATIONS
|
Registered / Corporate
Office/Head Office : |
Keshava, 7th Floor, Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-67045504 |
|
Fax No.: |
91-22-67045478 / 67045488 |
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E-Mail : |
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|
Website : |
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Factory 1 : |
Plot No 242/P, G.I.D.C. Industrial Estate, Panoli,
District Bharuch - 394 116, Gujarat, India |
|
Tel. No.: |
91-02646-645843 / 46 / 47 / 48 / 53 |
|
Fax No.: |
91-02646-272255 / 272213 |
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Factory 2 : |
Plot No 241, G.I.D.C. Industrial Estate, Panoli, District
Bharuch - 394 116, Gujarat, India |
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Factory 3 : |
Plot No 27, and 28, G.I.D.C. Industrial Estate, Panoli,
District Bharuch - 394 116, Gujarat, India |
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Factory 4 : |
Plot No 229, G.I.D.C. Industrial Estate, Panoli, District
Bharuch - 394 116, Gujarat, India |
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Regional Office: |
Noida Flat No. 604 and 605, Chokhani Square, Sector - 18, Noida - 201 301, Uttar Pradesh, India Ahmedabad N.G. Warehousing, 1. Nar Narayan Estate, 1st Floor,
Narol-Isanpur Road, Hyderabad
Bangalore
Kolkata
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Regional Offices
and Depot Locations : |
|
DIRECTORS
As on: 28.06.2014
|
Name : |
Mr. Pramod Narayan Karlekar |
|
Designation : |
Managing Director |
|
Address : |
403, Anantashram, Road No. 9,
Near Sandu Wadi, Chembur, Mumbai – 400071, |
|
Date of Birth/Age : |
23.07.1959 |
|
Date of Appointment : |
16.06.2008 |
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DIN No.: |
01776461 |
|
PAN No.: |
AJAPK6062F |
|
|
|
|
Name : |
Mr. Ajit Laxman Inamdar |
|
Designation : |
Whole Time Director |
|
Address : |
502/503, Sun and Breeze
Co-operative Housing Society, Sahakar Path, Opposite Gokul Arcade, Vile Parle
(East), Mumbai-400057, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1951 |
|
Date of Appointment : |
05.04.2010 |
|
DIN No.: |
00895784 |
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PAN No.: |
AAAPI2844Q |
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|
|
|
Name : |
Mr. Niels Morten Hjort |
|
Designation : |
Chairman and Director |
|
Address : |
Odinsvej – 52, 7620- Lemvig,
Denmark |
|
Date of Birth/Age : |
08.04.1963 |
|
Date of Appointment : |
10.10.2003 |
|
DIN No.: |
00051003 |
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|
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|
Name : |
Mr. Anton Marinus Bro |
|
Designation : |
Director |
|
Address : |
Skolegade 26, Denmark, Harbooere, 7673 |
|
Date of Birth/Age : |
01.10.1964 |
|
Date of Appointment : |
01.03.2014 |
|
DIN No.: |
06846801 |
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|
|
|
Name : |
Mr. Mehernosh Meherji Behramkamdin |
|
Designation : |
Whole-time director |
|
Address : |
C-2, Ground Floor, Building –C, Godrej Baug, Off Nepean Sea Road, Mumbai-400026,
Maharashtra, India |
|
Date of Birth/Age : |
03.05.1952 |
|
Date of Appointment : |
05.04.2010 |
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DIN No.: |
02893644 |
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PAN No.: |
AABPB5537E |
|
|
|
|
Name : |
Mr. Rene Jorn Schneider |
|
Designation : |
Director |
|
Address : |
Osterbrogade 110, 2 Denmark, Copenhagen, 2100 |
|
Date of Birth/Age : |
19.12.1973 |
|
Date of Appointment : |
01.03.2014 |
|
DIN No.: |
06847365 |
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|
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|
Name : |
Mr. Jaime Gomez Arnau |
|
Designation : |
Director |
|
Address : |
Avenida De Espana 46 Bajo A, Spain Madrid, 28220 |
|
Date of Birth/Age : |
08.06.1953 |
|
Date of Appointment : |
01.03.2014 |
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DIN No.: |
06853212 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Sureshchandra Buch |
|
Designation : |
Company Secretary |
|
Address : |
B-105, Building No.2, Shila Bina Co-op HSG Society, |
|
Date of Birth/Age : |
24.11.1965 |
|
Date of Appointment : |
04.04.1997 |
|
PAN No.: |
AADPB1694A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Cheminova A/S, |
|
3034990 |
|
Anil V. Patil/ Cheminova A/S |
|
1 |
|
Radheshyam M. Rathi/ Cheminova
A/S |
|
1 |
|
Dennis Dias/ Cheminova A/S |
|
5 |
|
Alok Kanta Moitra/ Cheminova A/S |
|
1 |
|
Maruti R. Dharmadhikari/
Cheminova A/S |
|
1 |
|
Prashant V. Pradhan/ Cheminova
A/S |
|
1 |
|
|
|
|
|
Total |
|
3035000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.06.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing crop protection solution through
manufacturing and marketing of agrochemicals and its intermediates |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs. In Millions)
These loans are repayable on demand and secured by a charge, ranking pari passu with other banks, by way of hypothecation of raw materials, finished goods, work-in-progress, stores and spares and book debts. |
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Financial
Institute: |
Banque Nationale De Paris, 22,Ground Floor, ING Vysya House, M.G. Road,, Bangalore - 560001, Karnataka, India |
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|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
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Fax No.: |
91-22-66679025 |
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PAN No.: |
ABJPS8683B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
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Fellow Subsidiary Company : |
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CAPITAL STRUCTURE
As on 31.12.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3515000 |
Equity Shares |
Rs.100/- each |
Rs.351.500 Millions |
|
3380000 |
Preference Shares |
Rs.100/- each |
Rs.338.000 Millions |
|
5000 |
Unclassified Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs.690.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3035000 |
Equity Shares |
Rs. 100/- each |
Rs.303.500
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
303.500 |
303.500 |
303.500 |
|
(b) Reserves & Surplus |
2187.515 |
1615.260 |
1229.610 |
|
(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) |
2491.015 |
1918.760 |
1533.110 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
29.107 |
17.996 |
13.083 |
|
(c) Other long term
liabilities |
113.414 |
107.302 |
93.089 |
|
(d) long-term
provisions |
43.757 |
46.575 |
30.999 |
|
Total Non-current
Liabilities (3) |
186.278 |
171.873 |
137.171 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1216.750 |
1489.156 |
397.278 |
|
(b) Trade
payables |
4753.251 |
2803.018 |
2716.184 |
|
(c) Other
current liabilities |
175.467 |
113.324 |
115.082 |
|
(d) Short-term
provisions |
250.696 |
179.682 |
454.792 |
|
Total Current
Liabilities (4) |
6396.164 |
4585.180 |
3683.336 |
|
|
|
|
|
|
TOTAL |
9073.457 |
6675.813 |
5353.617 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
993.513 |
842.461 |
558.402 |
|
(ii)
Intangible Assets |
52.300 |
23.400 |
0.000 |
|
(iii)
Capital work-in-progress |
119.238 |
152.542 |
132.489 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.802 |
5.802 |
5.802 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
186.101 |
98.220 |
83.290 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1356.954 |
1122.425 |
779.983 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1602.026 |
1181.182 |
1553.342 |
|
(c) Trade
receivables |
3421.977 |
2521.178 |
2537.268 |
|
(d) Cash
and cash equivalents |
2096.510 |
1466.915 |
220.841 |
|
(e)
Short-term loans and advances |
432.016 |
316.874 |
242.746 |
|
(f) Other current
assets |
163.974 |
67.239 |
19.437 |
|
Total
Current Assets |
7716.503 |
5553.388 |
4573.634 |
|
|
|
|
|
|
TOTAL |
9073.457 |
6675.813 |
5353.617 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10756.070 |
8544.768 |
6724.615 |
|
|
|
Other Income |
73.220 |
41.891 |
7.107 |
|
|
|
TOTAL (A) |
10829.290 |
8586.659 |
6731.722 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4877.735 |
3439.246 |
3184.786 |
|
|
|
Purchases of stock-in-trade |
1167.565 |
650.618 |
897.742 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(235.631) |
306.146 |
(365.053) |
|
|
|
Employee benefit expense |
504.837 |
468.486 |
361.235 |
|
|
|
Other expenses |
3194.660 |
2603.957 |
2038.707 |
|
|
|
TOTAL (B) |
9509.166 |
7468.453 |
6117.417 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1320.124 |
1118.206 |
614.305 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
301.687 |
178.745 |
60.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1018.437 |
939.461 |
553.770 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
170.772 |
124.111 |
80.13 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
847.665 |
815.350 |
473.640 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
275.411 |
253.338 |
162.64 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
572.254 |
562.012 |
311.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1111.412 |
781.900 |
854.700 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
56.200 |
31.100 |
|
|
|
Dividend on Equity Shares |
0.000 |
151.700 |
303.500 |
|
|
|
Dividend Distribution Tax on Equity Shares |
0.000 |
24.600 |
49.200 |
|
|
BALANCE CARRIED
TO THE B/S |
1683.666 |
1111.412 |
781.900 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
2622.380 |
2212.310 |
680.750 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
2387.273 |
1445.137 |
NA |
|
|
|
Capital Goods |
12.392 |
13.869 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.32 |
6.58 |
4.62 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.27 |
13.09 |
9.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.47 |
12.51 |
9.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.42 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.49 |
0.78 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.21 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
303.5 |
303.5 |
303.5 |
|
Reserves & Surplus |
1229.61 |
1615.26 |
2187.515 |
|
Net
worth |
1533.11 |
1918.76 |
2491.015 |
|
|
|
|
|
|
long-term borrowings |
0 |
0 |
0 |
|
Short term borrowings |
397.278 |
1489.156 |
1216.75 |
|
Total
borrowings |
397.278 |
1489.156 |
1216.75 |
|
Debt/Equity
ratio |
0.259 |
0.776 |
0.488 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
6724.615 |
8544.768 |
10756.070 |
|
|
|
27.067 |
25.879 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
6724.615 |
8544.768 |
10756.070 |
|
Profit |
311.000 |
562.012 |
572.254 |
|
|
4.62% |
6.58% |
5.32% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
LITIGATION:
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
ITXAL/2002/2010 |
Failing Date:- |
31/08/2010 |
Reg. No.:- |
ITXA/6440/2010 |
Reg. Date:- |
23/11/2010 |
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX |
Respondent:- |
M/S. CHEMINOVA INDIA LIMITED |
||||
|
Petn.Adv:- |
SUCHITRA KAMBLE (0) |
Resp. Adv.: |
PDS LEGAL (0) |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
||||
|
Status:- |
Admitted (Unready) |
Stage:- |
FOR ADMISSION – FRESH |
||||
|
Last Date:- |
13/01/2012 |
||||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE J.P. DEVADHAR HON’BLE SHRI JUSTICE A.R. JOSHI |
||||||
|
|
|
||||||
|
Act. : |
Income Tax Act,1961 |
Under Section 260A |
|||||
The Company achieved a landmark net turnover of Rs. 10570.000 Million which was higher by 27.7% as against Rs. 8275.000 Million of the previous year ended 31-12-2012. The Company recorded profit before tax which stood at Rs. 848.000 Million as compared to Rs. 815.000 Million in year 2012.
The Company experienced the growth in all the segments including export. The new molecules introduced in recent past have established their firm position in market. During the year the Company sustained growth momentum in technical and intermediate production coupled with stability in commercial production of technical and formulations which were commenced on second production site which was mainly housing intermediate production unit.
During the year the Company achieved Gross Profit before Interest, Depreciation and Tax (PBDIT) for the year at Rs. 1320.200 Million against Rs. 1118.200 Million in the previous year 2012.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10389057 |
23/07/2014 * |
750,000,000.00 |
ING VYSYA BANK LIMITED |
22, GROUND FLOOR, ING VYSYA HOUSE,, M.G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
C17198094 |
|
2 |
10376933 |
18/06/2013 * |
700,000,000.00 |
RABOBANK INTERNATIONAL (COOPERATIEVE CENTRALE RAIF |
MUMBAI BRANCH, FORBES BLDG 2ND FLOOR, CHARANJIT RAI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B79566048 |
|
3 |
10273612 |
09/07/2014 * |
900,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60 M. G. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C12260915 |
|
4 |
10193171 |
10/12/2009 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A75881805 |
|
5 |
10186511 |
15/07/2013 * |
1,300,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B81619991 |
|
6 |
10159915 |
10/04/2012 * |
1,000,000,000.00 |
INDUSIND BANK LIMITED |
GROUND FLOOR, MARKET CHAMBERS IV,, NARIMAN POINT, MUMBAI, MAHARASHTRA- 400021, INDIA |
B37358751 |
|
7 |
90218544 |
19/11/2012 * |
750,000,000.00 |
THE BANK OF NOVA SCOTIA |
MITTTAL TOWER, B WING, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B63635999 |
|
8 |
90217953 |
31/10/1995 |
50,000,000.00 |
INTERNATIONAL NEDERLANDEN BANK |
BOMBAY BRANCH; 7TH FLOOR; HOECHST HOUSE, 193; BACKBAY RECLAMATION; NARIMAN POINT, BOMBAY, MAHARASHTRA - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Building
- Plant and Machinery
- Furniture and Fittings
- Motor Vehicle
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.61.68 |
|
|
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
50 |
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.