MIRA INFORM REPORT
|
Report No. : |
304706 |
|
Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BALMAR LAWRIE-VAN LEER LIMITED |
|
|
|
|
Registered
Office : |
D-195/2, TTC Industrial Area, MIDC Turbhe, Navi Mumbai - 400705,
Maharashtra |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
27.07.1962 |
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|
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Com. Reg. No.: |
11-012424 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs. 179.634
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1962PLC012424 |
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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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|
|
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PAN No.: [Permanent Account No.] |
AAACB2906R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of steel drums, closures and plastic containers. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the profit of the company during FY 2014 however
net worth of the company is satisfactory. General financial position of the
company is good. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = A- |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk. |
|
Date |
July 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Limits A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
July 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Dinesh Varse |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-67396400 |
|
Date : |
24.01.2015 |
LOCATIONS
|
Registered
Office/ Factory 1 : |
D-195/2, TTC Industrial Area, MIDC Turbhe, Navi Mumbai - 400705,
Maharashtra, India |
|
Tel. No.: |
91-22-67396400/ 67396404 |
|
Fax No.: |
91-22-67396436 |
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E-Mail : |
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|
Website : |
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|
|
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Factory 2 : |
Plastic
Division
Janakipuram Village, Madurantakam Taluk, Kanchipuram District, Chennai
- 603303, Tamilnadu, India
|
|
Tel. No.: |
91-44-27567131/ 7132 |
|
|
|
|
Factory 3 : |
Khasara No. 122 MI, Central Hope Town, Selaqui Industrial Area, Dheradun
- 248197, Uttrakand, India |
DIRECTORS
As on 12.09.2014
|
Name : |
Mr. Mohan Narayan Menon |
|
Designation : |
Managing director |
|
Address : |
6, Beach Croft, 17 Juhu Tara Road, Mumbai – 400049, Maharashtra, India
|
|
Date of Birth/Age : |
10.08.1948 |
|
Qualification : |
B.E - Metallurgy, MMM |
|
Date of Appointment : |
01.10.2010 |
|
PAN No.: |
ACLPM6838R |
|
DIN No.: |
02838483 |
|
|
|
|
Name : |
Egbert Jan Boertien |
|
Designation : |
Director |
|
Address : |
Simon Stevinweg 63, Hilversum SN, Netherland 1222 |
|
Date of Birth/Age : |
19.09.1966 |
|
Date of Appointment : |
29.08.2012 |
|
DIN No.: |
01454641 |
|
|
|
|
Name : |
Reinier Hietink |
|
Designation : |
Nominee director |
|
Address : |
Van Goyenlaan 10, Bilthonven 3723GP, Netherlands 3723 |
|
Date of Birth/Age : |
26.02.1963 |
|
Qualification : |
Gr. Business Economics |
|
Date of Appointment : |
09.01.2008 |
|
DIN No.: |
02063924 |
|
|
|
|
Name : |
Mr. Virendra Sinha |
|
Designation : |
Nominee director |
|
Address : |
Flat No. 5, 9B, Queens Park, Bally Gunj, Kolkata – 700019, West
Bengal, India |
|
Date of Birth/Age : |
13.07.1955 |
|
Date of Appointment : |
01.01.2012 |
|
DIN No.: |
03113274 |
|
|
|
|
Name : |
Kannan Sankaranarayanan Ananthakrishnan |
|
Designation : |
Director |
|
Address : |
6107, Ashleylynn CT, Dublin OH, USA 43016 |
|
Date of Birth/Age : |
05.05.1965 |
|
Date of Appointment : |
29.08.2012 |
|
DIN No.: |
05281184 |
|
|
|
|
Name : |
Mr. Anand Kapileshwar Dayal |
|
Designation : |
Nominee director |
|
Address : |
23 A, Meherina CHS C-51, Napeansea Road, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
13.12.1954 |
|
Date of Appointment : |
01.12.2012 |
|
DIN No.: |
03368900 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Juthani |
|
Designation : |
Secretary |
|
Address : |
B-6/9, Kubera Park, Kondhwa Road, Pune – 411040, Maharashtra, India |
|
Date of Birth/Age : |
07.06.1960 |
|
Qualification : |
B Com, AICWA, ACS |
|
Date of Appointment : |
01.03.2006 |
|
PAN No.: |
AAVPJ5464E |
|
|
|
|
Name : |
Mr. Dinesh Varse |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
As on 12.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Government companies |
47.91 |
|
Public financial companies |
0.01 |
|
Nationalised or other banks |
0.01 |
|
Mutual funds |
0.03 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
47.94 |
|
Bodies
corporate |
0.09 |
|
Other
top fifty shareholders |
0.56 |
|
Others |
3.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of steel drums, closures and plastic containers. |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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)
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai,
Maharashtra, India |
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PAN No.: |
AAEFP3641G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint venture : |
CIN No.: L15492WB1924GOI004835
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Subsidiary Company
: |
Pro-Seal Closures Limited CIN No.: U27100KA1989PLC010148 |
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Others : |
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CAPITAL STRUCTURE
As on 12.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs. 10/- each |
Rs.160.000 Millions |
|
|
|
|
|
Issued Capital,:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17974814 |
Equity Shares |
Rs. 10/- each |
Rs.179.748
Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17952014 |
Equity Shares |
Rs. 10/- each |
Rs.179.520
Millions |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18500000 |
Equity Shares |
Rs. 10/- each |
Rs.185.000 Millions |
|
|
|
|
|
Issued Capital,:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17974814 |
Equity Shares |
Rs. 10/- each |
Rs.179.748
Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17952014 |
Equity Shares |
Rs. 10/- each |
Rs.179.520
Millions |
|
22800 |
Not fully Paid-up |
Rs. 5/- each |
Rs.0.114
Million |
|
|
Total |
|
Rs.179.634 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 |
179.634 |
157.634 |
157.634 |
|
(b) Reserves & Surplus |
733.041 |
508.066 |
497.719 |
|
(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) |
912.675 |
665.700 |
655.353 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
47.653 |
240.222 |
228.023 |
|
(b) Deferred tax liabilities (Net) |
29.452 |
34.873 |
41.609 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
28.740 |
25.347 |
21.900 |
|
Total Non-current
Liabilities (3) |
105.845 |
300.442 |
291.532 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
305.798 |
270.218 |
288.307 |
|
(b) Trade
payables |
298.031 |
264.468 |
197.093 |
|
(c) Other
current liabilities |
314.189 |
121.759 |
112.274 |
|
(d) Short-term
provisions |
47.565 |
71.124 |
33.686 |
|
Total Current
Liabilities (4) |
965.583 |
727.569 |
631.360 |
|
|
|
|
|
|
TOTAL |
1984.103 |
1693.711 |
1578.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
616.852 |
621.794 |
646.762 |
|
(ii)
Intangible Assets |
0.921 |
2.426 |
3.931 |
|
(iii)
Capital work-in-progress |
25.126 |
48.647 |
18.291 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
444.292 |
224.292 |
224.292 |
|
(c) Deferred tax assets (net) |
29.357 |
34.008 |
20.877 |
|
(d) Long-term Loan and Advances |
0.010 |
0.010 |
0.010 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1116.558 |
931.177 |
914.163 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
271.382 |
270.561 |
240.347 |
|
(c) Trade
receivables |
414.109 |
379.692 |
305.047 |
|
(d) Cash
and cash equivalents |
33.137 |
15.984 |
18.404 |
|
(e)
Short-term loans and advances |
144.519 |
86.654 |
83.803 |
|
(f) Other
current assets |
4.398 |
9.643 |
16.481 |
|
Total Current
Assets |
867.545 |
762.534 |
664.082 |
|
|
|
|
|
|
TOTAL |
1984.103 |
1693.711 |
1578.245 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2640.498 |
2115.550 |
1889.275 |
|
|
|
Other Income |
43.285 |
53.474 |
18.660 |
|
|
|
TOTAL (A) |
2683.783 |
2169.024 |
1907.935 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1880.227 |
1405.960 |
1249.632 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(32.333) |
6.716 |
(7.841) |
|
|
|
Employees benefits expense |
183.413 |
160.945 |
147.517 |
|
|
|
Other expenses |
459.031 |
401.179 |
345.451 |
|
|
|
TOTAL (B) |
2490.338 |
1974.800 |
1734.759 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
193.445 |
194.224 |
173.176 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
44.902 |
37.494 |
63.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
148.543 |
156.730 |
110.146 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
80.804 |
73.497 |
71.685 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
67.739 |
83.233 |
38.461 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.579 |
17.964 |
15.624 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
50.160 |
65.269 |
22.837 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
356.193 |
352.373 |
352.076 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.500 |
6.527 |
0.571 |
|
|
|
Dividend |
21.542 |
47.256 |
18.903 |
|
|
|
Tax on Dividend |
1.643 |
7.666 |
3.066 |
|
|
BALANCE CARRIED TO
THE B/S |
381.668 |
356.193 |
352.373 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export
Earnings |
438.868 |
422.294 |
409.625 |
|
|
|
TOTAL EARNINGS |
438.868 |
422.294 |
409.625 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.10 |
4.14 |
1.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.90 |
3.09 |
1.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.33 |
9.18 |
9.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.56 |
6.00 |
2.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.13 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.39 |
0.77 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
1.05 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
157.634 |
157.634 |
179.634 |
|
Reserves & Surplus |
497.719 |
508.066 |
733.041 |
|
Net
worth |
655.353 |
665.700 |
912.675 |
|
|
|
|
|
|
long-term borrowings |
228.023 |
240.222 |
47.653 |
|
Short term borrowings |
288.307 |
270.218 |
305.798 |
|
Total
borrowings |
516.330 |
510.440 |
353.451 |
|
Debt/Equity
ratio |
0.788 |
0.767 |
0.387 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1889.275 |
2115.550 |
2640.498 |
|
|
|
11.977 |
24.814 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1889.275 |
2115.550 |
2640.498 |
|
Profit |
22.837 |
65.269 |
50.160 |
|
|
1.21% |
3.09% |
1.90% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Current maturities of long-term debt |
206.581 |
31.100 |
28.324 |
|
|
|
|
|
|
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 |
---------------------- |
|
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 |
Yes |
Note:
The registered address of the company has been shifted from L.K. Gadkari
Marg, Mahul Chamber, Mumbai – 400074, Maharashtra, India to the present w.e.f.
15.07.2008
COMPANY PERFORMANCE
Despite continued
slowdown and subdued business confidence, the Company’s Total Revenue for the
year ended March 31, 2014 grew by 25 % from Rs. 2115.550 Millions in previous
year to Rs. 2640.498 Millions. However continuing impact of higher inflation,
higher interest costs, higher rising input costs, and sudden depreciation of
INR versus USD during the year had an adverse impact on operating margins.
Operating Profit was marginally higher at Rs. 150.161 Millions as against Rs.
140.750 Millions in previous year. Profit before Tax was lower at Rs. 67.740
Millions as against Rs. 83.233 Millions in previous year. Profit earned in
2012-13 was higher mainly due to onetime write back of provision made towards
payment of interest against loan taken for purchase of shares in the joint
venture of the Company, M/s. Transafe Services Limited (?TSL?) amounting to Rs.
29.450 Millions.
|
Unsecured Loan |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long-term
borrowings |
|
|
|
Incorporated Borrowing |
26.250 |
26.250 |
|
Other loans and advances |
0.000 |
1.706 |
|
Short-term
Borrowings |
|
|
|
Other loans and advances |
58.078 |
59.661 |
|
Total |
84.328 |
87.617 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10494493 |
17/06/2014 * |
130,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai,
Maharashtra - 400051, INDIA |
C09785767 |
|
2 |
10339949 |
08/02/2012 |
770,000.00 |
BANK OF INDIA |
CHEMBUR BRANCH, CHEMBUR NAKA, R.C. MARG, MUMBAI, |
B34028951 |
|
3 |
10301376 |
06/07/2011 |
1,000,000.00 |
BANK OF INDIA |
CHEMBUR BRANCH, CHEMBUR NAKA,, R.C.MARG, MUMBAI, |
B18430918 |
|
4 |
10272297 |
08/02/2011 |
10,300,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60, MAHATMA GANDHI ROAD,, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B06891428 |
|
5 |
10258656 |
30/10/2010 |
600,000.00 |
BANK OF INDIA CHEMBUR BRANCH |
CHEMBUR NAKA R C MARG, MUMBAI, Maharashtra - 400071, INDIA |
B01652502 |
|
6 |
10246110 |
07/10/2010 |
600,000.00 |
BANK OF INDIA CHEMBUR BRANCH |
CHEMBUR NAKA R C MARG, MUMBAI, Maharashtra - 40007 |
A96861315 |
|
7 |
10224503 |
29/05/2012 * |
93,800,000.00 |
INDUSIND BANK LIMITED |
2401 GEN THIMMAYYA ROAD,, CONTONMENT,, PUNE, Maharashtra - 411001,
INDIA |
B42009357 |
|
8 |
10224488 |
28/04/2010 |
50,000,000.00 |
INDUSIND BANK LIMITED |
425, D. B MARG, OPERA HOUSE,, MUMBAI, Maharashtra |
A87424701 |
|
9 |
10093858 |
29/05/2009 * |
100,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60, M. G. ROAD, FORT, FORT, MUMBAI, Maharashtra - 400001, INDIA |
A63001150 |
|
10 |
80019312 |
15/02/2012 * |
580,000,000.00 |
THE HONG KONG AND SHANGHAI BANKING CORPORATION LIM |
52/60, MAHATMA GANDHI ROAD,, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B33176504 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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.61.41 |
|
|
1 |
Rs.93.18 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.