MIRA INFORM REPORT
|
Report No. : |
331109 |
|
Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GARGI HUTTENES
ALBERTUS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
GARGI HUTTERIES ALBERTUS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra |
|
Tel. No.: |
91-22-25201596/ 97 / 25201396/ 97 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.03.1988 |
|
|
|
|
Com. Reg. No.: |
11-046413 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.97.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1988PTC046413 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08652A |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACG3997K |
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|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Resins, Reaction Initiators and Coatings used by foundry industries |
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|
|
|
No. of Employees
: |
Information decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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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|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a joint venture between “Gargi Group” and “Huttenes –
Albertus Chemische Werke Gmbh, Germany”. It is an established company having satisfactory track. Trade relations seems to be fair. Business is active. Payment terms
are reported as usually correct. The company can be considered 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
NOT AVAIALABLE
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 DENIED BY
|
Name : |
Mr. Kavita |
|
Designation : |
Admin Department |
|
Contact No.: |
91-22-25201596 |
|
Date : |
07.07.2015 |
LOCATIONS
|
Registered Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra, India |
|
Tel. No.: |
91-22-25201596/ 97 / 25201396/ 97 |
|
Fax No.: |
91-22-25202706 / 3080 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.D-360/361, M.I.D.C., TTC Industrial Area, District
Navi Mumbai– 400706, Maharashtra, India |
DIRECTORS
As on 24.09.2013
|
Name : |
Mr. Vinod Vishwamitra Kapur |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
18, Union Park, Chembur,
Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1943 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
06.09.2014 |
|
PAN No.: |
AADPK3026D |
|
Voter ID No.: |
MT07047505690 |
|
DIN No.: |
00474054 |
|
|
|
|
Name : |
Mr. Vicky Vishwamitra Kapur |
|
Designation : |
Managing Director |
|
Address : |
18, Union Park,
Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1952 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
06.09.2014 |
|
PAN No.: |
AADPK3025A |
|
Voter ID No.: |
MT07047505748 |
|
DIN No.: |
00474210 |
|
|
|
|
Name : |
Mr. Gaurav Vinod
Kapur |
|
Designation : |
Whole Time
Director |
|
Address : |
18, Union Park,
Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1979 |
|
Date of Appointment : |
06.09.2014 |
|
PAN No.: |
AAEPK1863D |
|
Voter ID No.: |
XYP1143312 |
|
DIN No.: |
00034397 |
|
|
|
|
Name : |
Mr. Klaus Hermann
Georg Pampel |
|
Designation : |
Director |
|
Address : |
Stratumer, Strabe
72, Meerbusch-40668, Germany |
|
Date of Birth/Age : |
19.10.1949 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
14.02.2005 |
|
DIN No.: |
01762246 |
KEY EXECUTIVES
|
Name : |
Niranjan Madhukar Date |
|
Designation : |
Company Secretary |
|
Address : |
20/3rd Floor, Shrikrupa CHS, Dindayal Road, Opp. Abhyudaya Bank, Dombivli West - 421202, Maharashtra, India |
|
Date of Appointment : |
13.01.2015 |
|
PAN No.: |
AKFPD2006G |
|
|
|
|
Name : |
Mr. Kavita |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS
As on 24.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vinod Kapur HUF |
88000 |
|
Vicky Kapur HUF |
88000 |
|
Vinod Kapur Jointly with Sangeeta Mehra and Suresh Mehra |
1 |
|
Huttenes Albertus Chemische Werke Gmbh, Germany |
388000 |
|
Vicky Kapur Jointly with Rajkumar Kapur |
1 |
|
Varun Kapur Jointly with Namita Kapur |
47839 |
|
Vicky Kapur |
154776 |
|
Vinod Kapur |
154774 |
|
Vinod Kapur Jointly with Sabita Pal
|
2 |
|
Vinod Kapur Jointly with Madhuri Mehra
|
1 |
|
Vicky Kapur |
1 |
|
Vicky Kapur Jointly with Bina Ray |
1 |
|
Vicky Kapur |
1 |
|
Vicky Kapur Jointly with Vibha Kapur |
1 |
|
Vicky Kapur Jointly with Anisha Kapur |
1 |
|
Vicky Kapur |
1 |
|
Vinod Kapur Jointly with Uma Chopra |
1 |
|
Vinod Kapur Jointly with Prem Chopra |
1 |
|
Vinod Kapur |
1 |
|
Vinod Kapur Jointly with Anjali Kedia |
2 |
|
Vinod Kapur Jointly with Gargi Ahluwalia and Hemlata
Kamani |
1 |
|
Vinod Kapur Jointly with Anjana Gurbaxani |
2 |
|
Vicky Kapur Jointly with Khosla Industries |
1 |
|
Vicky Kapur Jointly with |
1 |
|
Vicky Kapur Jointly with |
1 |
|
Gaurav V. Kapur, Jointly with Vinod Kapur and Geeta Kapur |
47839 |
|
Gargi Holdings Private Limited |
750 |
|
Total |
970000 |
As on 24.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
40.00 |
|
Directors or relatives of Directors |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Resins, Reaction Initiators and Coatings used by foundry industries |
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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 : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information decline by the management |
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Bankers : |
· Development Credit Bank Limited, Vashi Branch, Mumbai – 400703, Maharashtra, India |
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Facilities : |
SECURED LOANS
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Auditors : |
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|
Name : |
J.V. Sanghvi and Company Chartered Accountants |
|
Address : |
Office No.1, Namrata – A, |
|
Tel. No. : |
91-22-32449541 |
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PAN
No. : |
AAGPS0434E |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate : |
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Others : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
970000 |
Equity Shares |
Rs.100/- each |
Rs.97.000 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 |
97.000 |
97.000 |
97.000 |
|
(b) Reserves & Surplus |
572.252 |
547.242 |
510.660 |
|
(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) |
669.252 |
644.242 |
607.660 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.583 |
9.934 |
25.410 |
|
(b) Deferred tax liabilities (Net) |
14.691 |
14.218 |
8.647 |
|
(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) |
16.274 |
24.152 |
34.057 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
149.859 |
218.728 |
222.070 |
|
(b) Trade payables |
606.672 |
392.924 |
416.528 |
|
(c) Other
current liabilities |
21.472 |
33.090 |
49.829 |
|
(d) Short-term
provisions |
26.594 |
21.553 |
42.796 |
|
Total Current
Liabilities (4) |
804.597 |
666.295 |
731.223 |
|
|
|
|
|
|
TOTAL |
1490.123 |
1334.689 |
1372.940 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
256.746 |
275.350 |
248.728 |
|
(ii)
Intangible Assets |
0.013 |
0.017 |
0.023 |
|
(iii) Capital
work-in-progress |
24.057 |
17.050 |
17.842 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.916 |
5.916 |
5.916 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.566 |
4.839 |
4.659 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
292.298 |
303.172 |
277.168 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
170.599 |
113.742 |
182.208 |
|
(c) Trade
receivables |
979.659 |
828.041 |
866.311 |
|
(d) Cash
and cash equivalents |
23.206 |
62.888 |
23.043 |
|
(e)
Short-term loans and advances |
24.361 |
26.846 |
24.210 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1197.825 |
1031.517 |
1095.772 |
|
|
|
|
|
|
TOTAL |
1490.123 |
1334.689 |
1372.940 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3529.900 |
3322.600 |
3536.900 |
|
|
|
Other Income |
3.600 |
3.400 |
3.200 |
|
|
|
TOTAL |
3533.500 |
3326.000 |
3540.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3361.000 |
3124.700 |
3196.800 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
172.500 |
201.300 |
343.300 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.700 |
38.800 |
37.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
149.800 |
162.500 |
306.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.000 |
24.600 |
23.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
125.800 |
137.900 |
282.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
44.100 |
44.900 |
92.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
81.700 |
93.000 |
190.300 |
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.400 |
83.900 |
58.200 |
||
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|
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
32.600 |
37.000 |
97.000 |
|
|
|
Dividend |
19.400 |
9.700 |
29.100 |
|
|
|
Tax on Dividend |
8.200 |
7.900 |
9.400 |
|
|
|
Interim Dividend on equity shares |
29.100 |
38.800 |
29.100 |
|
|
BALANCE CARRIED
TO THE B/S |
75.800 |
83.400 |
83.900 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
84.23 |
95.88 |
196.18 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
10.344 |
21.375 |
31.364 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
165.004 |
263.023 |
269.966 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.31 |
2.80 |
5.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.89 |
6.06 |
9.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.62 |
10.51 |
20.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.21 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.24 |
0.39 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.55 |
1.50 |
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 |
97.000 |
97.000 |
97.000 |
|
Reserves & Surplus |
510.660 |
547.242 |
572.252 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
607.660 |
644.242 |
669.252 |
|
|
|
|
|
|
long-term borrowings |
25.410 |
9.934 |
1.583 |
|
Short term borrowings |
222.070 |
218.728 |
149.859 |
|
Current Maturities of
Long Term Debt |
31.364 |
21.375 |
10.344 |
|
Total borrowings |
278.844 |
250.037 |
161.786 |
|
Debt/Equity ratio |
0.459 |
0.388 |
0.242 |
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 |
3536.900 |
3322.600 |
3529.900 |
|
|
|
(6.059) |
6.239 |
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 |
3536.900 |
3322.600 |
3529.900 |
|
Profit |
190.300 |
93.000 |
81.700 |
|
|
5.38% |
2.80% |
2.31% |
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 |
No |
|
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
56.699 |
33.008 |
|
Loans and advances from others |
0.000 |
48.860 |
|
Deposits from others |
5.671 |
10.965 |
|
Total |
62.370 |
92.833 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10297047 |
19/07/2011 |
25,200,000.00 |
THE COSMOS CO-OP BANK LTD |
CHEMBUR BRANCH,RICHMOND HEIGHTS, CENTRAL AVENUE, |
B16803967 |
|
2 |
10029214 |
28/09/2012 * |
120,000,000.00 |
CITIBANK N.A |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
B58869694 |
|
3 |
80014721 |
24/10/2005 |
5,000,000.00 |
THE COSMOS CO OP BANK LTD |
PLOT NO 208 ED EL BLDG CENTRE AVENUE, CHEMBUR, MU |
- |
|
4 |
90213844 |
18/05/2009 * |
145,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LTD |
RICHMONDS HEIGHTS, PLOT NO. 239,, CENTRAL AVENUE |
A62953476 |
|
5 |
90213745 |
27/08/2004 * |
17,000,000.00 |
THE COSMOS CO-OP BANK LTD |
269/270; SHANIWAR PETH, PUNE, MAHARASHTRA - 411030 |
- |
|
6 |
90213740 |
20/07/2001 |
6,000,000.00 |
THE COSMOS CO-OP BANKL TD |
269/270; SHANIWAR PETH, PUNE, MAHARASHTRA - 411030 |
- |
|
7 |
90213703 |
23/10/2006 * |
77,500,000.00 |
THE COSMOS CO-OPERATIVE BANK LTD |
CHEMBUR BRANCH, MUMBAI, MAHARASHTRA - 400071, INDI |
- |
|
8 |
90213579 |
11/07/2000 |
385,000.00 |
DEVELOPMENT CREDIT BANK LTD |
VASHI BRANCH, MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
9 |
90214758 |
07/06/1999 |
7,500,000.00 |
DEVELOPMENT CREDIT BANK LTD |
VASHI BRANCH, MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
10 |
90214750 |
15/03/1999 |
2,500,000.00 |
DEVELOPMENT CREDIT BANK LTD |
VASHI BRANCH, MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Office Building
- Plant and equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Brands and Trade Marks
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. 63.51 |
|
|
1 |
Rs. 97.85 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.