MIRA INFORM REPORT
|
Report No. : |
308313 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
BABA INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
204, Nana Peth, Pune – 411 002, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.02.2000 |
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Com. Reg. No.: |
25-014469 |
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Capital
Investment / Paid-up Capital : |
Rs.2.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2000PTC014469 |
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|
|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of laptops, computer hardware and software,
accessories etc. |
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|
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|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 64300 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company has huge external borrowings. Profitability of the company
seems to be low. However, trade relations to be fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealing with some caution. |
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vinod |
|
Designation : |
General Manager |
|
Contact No.: |
91-9326636671 |
|
Date : |
16.02.2015 |
LOCATIONS
|
Registered Office : |
204, Nana Peth, Pune – 411 002, Maharashtra, India |
|
Tel. No.: |
91-20-24485561 |
|
|
91-9371107053 (Mr. Naresh Moryani) 91-9326636671 (Mr. Vinod) |
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Fax No.: |
91-20-66025545 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Warehouse 1 : |
No.470, Sadashiv Peth, Shukrawar Peth, Pune – 411 002, Maharashtra, India |
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Tel. No.: |
91-20-24485561/ 268/ 24332205 |
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|
|
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Warehouse 2 : |
Shop
No.3, 1577, Tilak Road, Mahatma Gandhi Road, Camp, Koregaon Park |
|
Tel. No.: |
91-20-24336249/ 2205/ 24329303 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Naresh Dayaram Moryani |
|
Designation : |
Whole-time Director |
|
Address : |
A-5/3, Pleasant Park, Wanmadi, Pune – 411 013, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1965 |
|
Date of Appointment : |
01.12.2001 |
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DIN No.: |
00591996 |
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|
|
|
Name : |
Mr. Namdev Dayaram Moryani |
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Designation : |
Whole-time Director |
|
Address : |
A/5, F/1, No.21-1, pleasant
Park, Wanmadi, Pune, Maharashtra, India
|
|
Date of Birth/Age : |
09.11.1968 |
|
Date of Appointment : |
10.02.2000 |
|
DIN No.: |
00592059 |
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|
|
|
Name : |
Mr. Suresh Dayaram Moryani |
|
Designation : |
Whole-time Director |
|
Address : |
B-3/9, pleasant Park,
Wanmadi, Pune – 411 013, Maharashtra, India
|
|
Date of Birth/Age : |
25.12.1960 |
|
Date of Appointment : |
10.02.2000 |
|
DIN No.: |
00959227 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Namdev Dayaram Moryani |
|
18172 |
|
Suresh Dayaram Moryani |
|
18172 |
|
Naresh Dayaram Moryani |
|
18172 |
|
bharti Suresh Moryani |
|
18172 |
|
Dayaram Sachimal Moryani |
|
7 |
|
Gayatri Naresh Moryani |
|
18172 |
|
Kirti Laxman Moryani |
|
18172 |
|
Lacchu Dayaram Moryani (HUF) |
|
1 |
|
Lacchu Dayaram Moryani |
|
18172 |
|
Om Dayaram Moryani (HUF) |
|
18172 |
|
Parvati Shankar Moryani |
|
6172 |
|
Saloni Namdev Moryani |
|
18172 |
|
Lalji Shamji Thakkar |
|
100 |
|
Om Dayaram Moryani |
|
30172 |
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage of
holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of laptops, computer hardware and software,
accessories etc. |
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|
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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 : |
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Products : |
Computer Parts |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
60 (Approximately) |
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Bankers : |
· The Shamrao Vithal Co-operative Bank, Market Yard Branch, Pune – 411 002, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India · ICICI bank Limited, Bund Garden Branch · HDFC Bank Limited, Pune Camp · Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No.C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
3i infotech services Limited, 3rd to 6th
Floor, international Infotech Park, Tower No. 5, Vashi Railway Station Complex,
Vashi, Navi Mumbai – 400 703, Maharashtra, India |
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Auditors : |
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|
Name : |
Vipin Gujarthi and Company Chartered Accountants |
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Address : |
Poonam Plaza, Office No.403/4/5, Market Yard Road, Pune – 411 037,
Maharashtra, India |
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Tel. No. : |
91-20-24275398/ 24275399 |
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PAN
No.: |
AAFFV6653B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries (As confirmed by the Management) : |
Baba Computer Services, Pune |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
20.511 |
17.379 |
13.511 |
|
(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) |
22.511 |
19.379 |
15.511 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
54.035 |
44.320 |
33.661 |
|
(b) Deferred tax liabilities (Net) |
0.953 |
0.818 |
0.691 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
54.988 |
45.138 |
34.352 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
66.870 |
42.824 |
36.113 |
|
(b) Trade
payables |
37.617 |
74.444 |
79.868 |
|
(c) Other
current liabilities |
0.048 |
0.127 |
0.000 |
|
(d) Short-term
provisions |
3.422 |
4.290 |
2.694 |
|
Total Current
Liabilities (4) |
107.957 |
121.685 |
118.675 |
|
|
|
|
|
|
TOTAL |
185.456 |
186.202 |
168.538 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
20.079 |
17.865 |
14.829 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.800 |
1.300 |
1.300 |
|
(e) Other
Non-current assets |
1.795 |
2.869 |
2.704 |
|
Total Non-Current
Assets |
22.724 |
22.084 |
18.883 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
94.000 |
95.400 |
88.800 |
|
(c) Trade
receivables |
57.182 |
58.657 |
48.316 |
|
(d) Cash
and cash equivalents |
6.927 |
5.784 |
11.975 |
|
(e) Short-term
loans and advances |
4.507 |
4.234 |
0.518 |
|
(f) Other
current assets |
0.116 |
0.043 |
0.046 |
|
Total
Current Assets |
162.732 |
164.118 |
149.655 |
|
|
|
|
|
|
TOTAL |
185.456 |
186.202 |
168.538 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
551.741 |
721.840 |
711.524 |
|
|
|
Other Income |
9.645 |
11.740 |
4.769 |
|
|
|
TOTAL |
561.386 |
733.580 |
716.293 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
525.315 |
697.576 |
682.648 |
|
|
|
Employees benefits expenses |
8.403 |
8.552 |
10.967 |
|
|
|
Sales and Administrative
expense |
7.262 |
8.255 |
8.883 |
|
|
|
TOTAL |
540.980 |
714.383 |
702.498 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
20.406 |
19.197 |
13.795 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.284 |
12.771 |
7.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.122 |
6.426 |
6.045 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.367 |
1.216 |
1.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
4.755 |
5.210 |
5.045 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.706 |
1.342 |
1.657 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.049 |
3.868 |
3.388 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
15.00 |
19.00 |
17.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.55 |
0.54 |
0.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
3.70 |
2.66 |
1.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.56 |
2.80 |
2.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.27 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.37 |
4.50 |
4.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.35 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
13.511 |
17.379 |
20.511 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
15.511 |
19.379 |
22.511 |
|
|
|
|
|
|
Long Term borrowings |
33.661 |
44.320 |
54.035 |
|
Short Term borrowings |
36.113 |
42.824 |
66.870 |
|
Total borrowings |
69.774 |
87.144 |
120.905 |
|
Debt/Equity ratio |
4.498 |
4.497 |
5.371 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
711.524 |
721.840 |
551.741 |
|
|
|
1.450 |
(23.565) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
711.524 |
721.840 |
551.741 |
|
Profit |
3.388 |
3.868 |
3.049 |
|
|
0.48% |
0.54% |
0.55% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Related Parties |
33.155 |
27.471 |
|
Total |
33.155 |
27.471 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10444711 |
24/08/2013 |
69,008,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B82935347 |
|
2 |
10409573 |
28/02/2013 |
63,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B69848596 |
FIXED ASSETS
·
Office Equipments
·
Computer and Computer
Systems
·
Buildings
·
Furniture and Fixtures
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 records 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.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
-- PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.