MIRA INFORM REPORT
|
Report No. : |
330675 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAMILTON HOUSEWARES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 49/50, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli |
|
Tel. No.: |
91-22-61817474 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.06.2000 |
|
|
|
|
Com. Reg. No.: |
000180 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 113.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26101DN2000PTC000180 |
|
|
|
|
IEC No.: |
0300025114 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD1683Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Importer, Trader and Supplier of Houseware Products. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well-established company having fine track record. For the financial year ended 2014, company possesses healthy
operational risk profile marked by sound sales turnover growth and adequate
profitability margins of the company. Rating also reflects company’s healthy financial risk profile marked
by adequate net worth base and sound debt protection metrics of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of adequate operational profile along with healthy financial
base, the company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Nishita Gandhar |
|
Designation : |
Senior Manager Finance |
|
Contact No.: |
91-22-61280539 |
|
Date : |
02.07.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 49/50, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-22-61817474 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Head Office 1 : |
Kaiser-I-Hind Building,
3rd Floor, Currimbhoy Road, Ballard Estate, Mumbai - 400 001, Maharashtra,
India |
|
Tel. No.: |
91-22-22624444/ 22611162 |
|
Fax No.: |
91-22-22679568/ 22616428 |
|
E-Mail : |
|
|
|
|
|
Head Office 2 : |
Asian Building, 4th Floor, R. Kamani Marg, Ballard Estate, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-61294100 |
|
Fax No.: |
91-22-22620967 |
|
|
|
|
Factory : |
Survey No. 288/1,
Near Dadra Aram, Panchayat, Dadra Demni Road, Silvassa-396230, Dadra and
Nagar Haveli, India |
|
Tel. No.: |
91-260-2669946 |
|
Fax No.: |
91-260-2669332 |
|
|
|
|
North Centre : Delhi |
7J, Gopala Tower,
25, Rajendra Place, Delhi - 110008, India |
|
Tel. No.: |
91-11-25862922/
23 |
|
E-Mail : |
|
|
|
|
|
East Centre: Kolkata |
4, Chowringhee Lane,
Block IV, Unit - 8 B, 8th Floor, Diamond Chamber, Kolkata – 700 016, West
Bengal, India |
|
Tel. No.: |
91-33-22521852/
53 |
|
E-Mail : |
|
|
|
|
|
South Centre: Hyderabad |
Swamy Sons
(Agency) Private Limited, Plot No. B-3. Uppal Industries Area, Uppal,
Hyderabad – 500 039, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23449365/
27033038/ 8476 |
|
E-Mail : |
DIRECTORS
As on 03.09.2014
|
Name : |
Mr. Vaghani Dinesh Ajay |
|
Designation : |
Managing Director |
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1966 |
|
Date of Appointment : |
26.06.2000 |
|
PAN No.: |
AAAPV6324J |
|
DIN No.: |
00186764 |
|
|
|
|
Name : |
Mrs. Vaghani Ajay Manisha |
|
Designation : |
Director |
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
19.04.1967 |
|
Date of Appointment : |
26.06.2000 |
|
PAN No.: |
ABYPV2293D |
|
DIN No.: |
00202603 |
|
|
|
|
Name : |
Mrs. Vaghani Dinesh Jyoti |
|
Designation : |
Director |
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1947 |
|
Date of Appointment : |
01.10.2006 |
|
DIN No.: |
02179495 |
KEY EXECUTIVES
|
Name : |
Ms. Nishita Gandhar |
|
Designation : |
Senior Manager Finance |
|
|
|
|
Name : |
Mr. Rai Dipankar |
|
Designation : |
Secretary |
|
Address : |
E-16, Ashirwad Majas Madhu Co-operative Housing Society, Poonam Nagar, Off Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1973 |
|
Date of Appointment : |
12.12.2011 |
|
PAN No.: |
AFNPR7894H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 03.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Dinesh Vaghani |
|
3428032 |
|
Ajay D Vaghani (HUF) |
|
2118500 |
|
Hamilton Consultants Private Limited, |
|
3422916 |
|
Indira B. Vaghani |
|
208300 |
|
Jyoti D. Vaghani |
|
208300 |
|
Manisha A. Vaghani |
|
1375500 |
|
Mahendra Ghelani |
|
2 |
|
Rasik Thakkar |
|
198450 |
|
Stead Fast Holdings Private Limited, |
|
40000 |
|
United International General Trading FZE, UAE |
|
360000 |
|
Total |
|
11360000 |
Equity Share Break up (Percentage of Total Equity)
As on 03.09.2014
|
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 |
4.92 |
|
Bodies corporate |
30.48 |
|
Directors or relatives of Directors |
64.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer, Trader and Supplier of Houseware
Products. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Houseware Products |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Advance Payment / Credit |
|
|
|
|
Purchasing : |
Cash / Advance Payment / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1000 (Approximately) |
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|
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|
Bankers : |
Commonwealth Bank of Australia, Level 2, Hoechst House, Nariman Point, Mumbai - 400021, Maharashtra, India ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai - 400051, Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Mehta Chokshi and Shah Chartered Accountants |
|
Address : |
A-101, Aadeshwar, S. V. P. Road, Borivali (West), Mumbai – 400092,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFM5817F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary : |
CIN No.: U74130MH2005PTC157829
CIN No.: U74999DL2005PTC135966 |
|
|
|
|
Associate : |
|
|
|
|
|
Relatives of Directors / Directors and who are Directors of the Company and/ or Controlling major Shareholding |
|
CAPITAL STRUCTURE
As on 03.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,360,000 |
Equity Shares |
Rs.10/- each |
Rs.113.600
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 |
113.600 |
113.600 |
113.600 |
|
(b) Reserves & Surplus |
1,421.786 |
1,103.680 |
913.558 |
|
(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) |
1,535.386 |
1,217.280 |
1,027.158 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
409.019 |
347.662 |
435.752 |
|
(b) Deferred tax liabilities (Net) |
62.902 |
47.193 |
33.296 |
|
(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) |
471.921 |
394.855 |
469.048 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
378.827 |
200.523 |
326.620 |
|
(b) Trade
payables |
500.088 |
708.045 |
715.052 |
|
(c) Other
current liabilities |
168.815 |
193.326 |
167.297 |
|
(d) Short-term
provisions |
109.662 |
61.699 |
46.588 |
|
Total Current
Liabilities (4) |
1,157.392 |
1,163.593 |
1,255.557 |
|
|
|
|
|
|
TOTAL |
3,164.699 |
2,775.728 |
2,751.763 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1,013.699 |
934.047 |
888.093 |
|
(ii)
Intangible Assets |
6.195 |
7.529 |
4.740 |
|
(iii)
Capital work-in-progress |
118.853 |
3.305 |
5.488 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
129.039 |
129.039 |
114.439 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
44.958 |
42.243 |
57.961 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1,312.744 |
1,116.163 |
1,070.721 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
830.931 |
832.680 |
800.547 |
|
(c) Trade
receivables |
839.833 |
699.751 |
675.799 |
|
(d) Cash
and cash equivalents |
67.551 |
51.999 |
49.154 |
|
(e) Short-term
loans and advances |
112.660 |
74.489 |
140.258 |
|
(f) Other
current assets |
0.980 |
0.646 |
15.284 |
|
Total
Current Assets |
1,851.955 |
1,659.565 |
1,681.042 |
|
|
|
|
|
|
TOTAL |
3,164.699 |
2,775.728 |
2,751.763 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
5952.900 |
4648.500 |
3939.000 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
|
|
|
||
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
514.400 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
150.200 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
NA |
NA |
364.200 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
83.800 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
515.800 |
310.500 |
280.400 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
131.200 |
87.200 |
67.100 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
384.600 |
223.300 |
213.300 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
427.504 |
330.038 |
323.904 |
|
|
|
TOTAL EARNINGS |
427.504 |
330.038 |
323.904 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
33.86 |
19.66 |
18.78 |
||
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
6250.000 |
The above information has been parted by Mr. Nishita Gandhar (Senior
Manager Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
95.861 |
108.464 |
108.675 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
372.699 |
518.263 |
571.150 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.46 |
4.80 |
5.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
13.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.68 |
11.75 |
10.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.26 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.58 |
0.54 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.43 |
1.34 |
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 |
113.600 |
113.600 |
113.600 |
|
Reserves & Surplus |
913.558 |
1103.680 |
1421.786 |
|
Net
worth |
1027.158 |
1217.280 |
1535.386 |
|
|
|
|
|
|
long-term borrowings |
435.752 |
347.662 |
409.019 |
|
Short term borrowings |
326.620 |
200.523 |
378.827 |
|
Current Maturities of
Long-Term Debts |
108.675 |
108.464 |
95.861 |
|
Total
borrowings |
871.047 |
656.649 |
883.707 |
|
Debt/Equity
ratio |
0.848 |
0.539 |
0.576 |
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 |
3939.000 |
4648.500 |
5952.900 |
|
|
|
18.012 |
28.061 |
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 |
3939.000 |
4648.500 |
5952.900 |
|
Profit |
213.500 |
223.300 |
384.600 |
|
|
5.42% |
4.80% |
6.46% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
104.098 |
92.596 |
|
Loans and advances from related parties |
137.596 |
101.853 |
|
Total |
241.694 |
194.449 |
REVIEW OF
OPERATIONS
The company has performed exceedingly well looking into the present economic scenario. During the financial year 2013-14 the company’s revenue increased to Rs. 5952.900 Millions a growth of 28% as compared to the previous year. The net profit after tax for the same period was Rs. 384.600 Millions and increase of 72% as compared to the previous year.
During the year, the company has expanded its own manufacturing capacity of Thermoware and other Household products which has helped it to increase its revenues and margins. These products have been well accepted in the market. The company has now got a fully equipped design and R&D department. This has helped the company to introduce innovative and quality products for its customers on continuous basis. As a result of this the company has always been a market leader. The company is also making a lot of investment in strengthening its warehousing and distribution network to better service the market looking into the future growth prospects.
FUTURE PROSPECTS
The future prospects of the company are very bright, the revenues and profits are expected to keep showing an upward trend. The various plants of the Company are now running at its optimum capacity and the company is looking for further expansion in its installed capacity by setting up new manufacturing facilities. The Company’s endeavor to always introduce new products and designs in the market and maintain high standards in quality has helped it to maintain its leadership position. Having a strong distribution network and products which are well accepted in the market the directors expect, barring unforeseen circumstances, the Company to do exceedingly well in the years to come.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10510396 |
27/06/2014 |
200,000,000.00 |
Commonwealth Bank of Australia |
Level 2, Hoechst House, Nariman Point, Mumbai, Maharashtra - 400021,
INDIA |
C12319919 |
|
2 |
10484564 |
24/01/2014 |
350,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C00383869 |
|
3 |
10470838 |
22/11/2013 |
155,000,000.00 |
Commonwealth Bank of Australia |
Level 2, Hoechst House, Nariman Point, Mumbai, Maharashtra - 400021,
INDIA |
B93763464 |
|
4 |
10330284 |
20/03/2015 * |
1,275,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, E, CUFFE PARADE, COLABA,, MUMBAI, Maharashtra -
400005, INDIA |
C50068998 |
|
5 |
10330290 |
26/09/2014 * |
1,662,800,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER, E CUFFE PARADE, COLABA, MUMBAI, |
C29760816 |
|
6 |
10266680 |
15/12/2010 |
255,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B04494878 |
|
7 |
10215455 |
29/03/2010 |
70,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A83937573 |
|
8 |
10156057 |
24/03/2009 |
80,000,000.00 |
HDFC BANK LIMITED |
1-16, JAYPEE HOUSE, OPP. PATEL PETROL PUMP, VAPI |
A61591574 |
|
9 |
10139274 |
29/01/2010 * |
180,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A81613648 |
|
10 |
10011409 |
19/07/2006 |
80,000,000.00 |
HDFC BANK LTD. |
4/8 MAIN ROAD, ROOP NAGAR, NR.SHAKTINAGAR CHOWK, N |
A02963544 |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.49 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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.