MIRA INFORM REPORT
|
Report No. : |
326637 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION
DETAILS
|
Name : |
HVK
INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
FC 9020, Bharat Diamond Bourse, G Block, Bandra Kurla Complex, Mumbai
– 400051, Maharashtra |
|
Tel. No.: |
91-22-40233900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.01.2011 |
|
|
|
|
Com. Reg. No.: |
11-211918 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.956.965 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51398MH2011PTC211918 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH5713N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Diamond. |
|
|
|
|
No. of Employees
: |
2500 (Approximately) |
RATING
& COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was established as partnership concern in the year 1994 with the name of H Vinod Kumar and Company which was reconstituted as a private limited company with the current name in 2011. It is an established company having satisfactory track record. Rating takes into consideration HVK's established market position in the diamond industry supported by its promoters' extensive industry experience and sound operational base of the company. Rating also takes into consideration company’s healthy financial risk profile marked by adequate sound financial base and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of sound operational base, the company can be considered for business dealings at usual trade terms and condition. |
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 |
CRISIL |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
07.05.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
07.05.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Jipsu Shah |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-40233900 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office/ Head/ Sales Office : |
FC 9020, Bharat Diamond Bourse, G Block, Bandra Kurla Complex, Mumbai
– 400051, Maharashtra, India |
|
Tel. No.: |
91-22-40233900 |
|
Fax No.: |
91-22-40233901 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No.314, Sy No.435, Behind Patel Faliya, Katar Gam Road, Surat –
395004, Gujarat, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dineshbhai Dhayalal Koradia |
|
Designation : |
Director |
|
Address : |
Flat No. 203, 2nd Floor, Divyalok Co-Operative Hosing Society, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1965 |
|
Date of Appointment : |
06.01.2011 |
|
PAN No.: |
ACUPK3696A |
|
DIN No.: |
00109934 |
|
|
|
|
Name : |
Mr. Hareshbhai Mohanbhai Sakariya |
|
Designation : |
Director |
|
Address : |
502, Kripanidhi Association, JVPD Scheme, Gulmohar X Road No.4, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1962 |
|
Date of Appointment : |
06.01.2011 |
|
PAN No.: |
ALLPS9142H |
|
DIN No.: |
01308305 |
|
|
|
|
Name : |
Mr. Nagji Bhai Mohan Bhai Sakariya |
|
Designation : |
Director |
|
Address : |
9, Dayanand Society, B/H Navyug College, Rander Road, Surat – 395009, Gujarat, India |
|
Date of Birth/Age : |
01.04.1960 |
|
Date of Appointment : |
06.01.2011 |
|
PAN No.: |
ABEPP7995G |
|
DIN No.: |
00109980 |
|
|
|
|
Name : |
Mr. Sunny Nagji Bhai Sakariya |
|
Designation : |
Director |
|
Address : |
502, Kripanidhi Association, JVPD Scheme, Gulmohar X Road No.4, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1983 |
|
Date of Appointment : |
06.01.2011 |
|
PAN No.: |
BBTPS4006B |
|
DIN No.: |
01029758 |
KEY EXECUTIVES
|
Name : |
Mr. Jipsu Shah |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Haresh Bhai M. Sakariya |
31804400 |
37.71 |
|
Dinesh D. Koradia |
15886050 |
18.84 |
|
Nagjibhai M. Sakariya |
29387400 |
34.85 |
|
Sunny N. Sakariya |
1435375 |
1.70 |
|
Odhavji bhai M. Sakariya |
1435375 |
1.70 |
|
Kanchanben H. Sakariya |
717690 |
0.85 |
|
Meenaben Nagjibhai Sakariya |
717690 |
0.85 |
|
Niruben D. Koradia |
717690 |
0.85 |
|
LEO DIAM FZC |
2231234 |
2.65 |
|
Total |
84332904 |
100.00 |
As on 05.10.2013
|
Names of Allottee |
No. of Shares |
|
Dinesh D. Koradia |
2272727 |
|
Haresh Bhai M. Sakariya |
4545454 |
|
Nagjibhai M. Sakariya |
4545454 |
|
|
|
|
Total |
11363635 |
As on 30.09.2013
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 |
0.27 |
|
Directors or relatives of Directors |
99.73 |
|
Total |
100.00 |
BUSINESS
DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Diamond. |
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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 : |
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Products : |
Polish Diamond |
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Countries : |
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Imports : |
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Products : |
Rough Diamonds |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit (90 Days) |
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Purchasing : |
L/C and Credit (90 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
2500 (Approximately) |
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Bankers : |
Contact No.: 91-22-23646093 Contact Person: Mr. Antony Manuel (AGM) Report: the Company having very good track record for banking transaction. |
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Facilities : |
NOTE: Long term
details are not available |
|
Auditors : |
|
|
Name : |
B. N. Vaidya and Associated Chartered Accountants |
|
Address : |
Ground 4th Floor, Vaidya Bhavan, 92, Atmaram Merchant Road, 2, Anant Wadi, Mumbai – 400002, Maharashtra, India |
|
Tel No. : |
91-22-22087849 |
|
Email : |
|
|
|
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|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
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|
Subsidiaries |
¨ H.V. Diam BVBA (Belgium) ¨ HVK Jewels DMCC ¨ HVK HK Limited |
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|
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|
Sub Subsidiaries: |
¨ HVK Jewels Inc ¨ HVK (Shanghai) Limited ¨ KPH Inc |
|
|
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|
Enterprises in which key management personnel have significant
influence : |
¨ HVK Jewls Private Limited, Mumbai ¨ Adhira Diamonds and Jewellery Private Limited, Delhi ¨ Deval Jewels (Partnership Firm), Surat |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 1000.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 997.874
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95696539 |
Equity Shares |
Rs.10/- each |
Rs.956.965 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 |
956.965 |
843.329 |
843.329 |
|
(b) Reserves & Surplus |
1807.634 |
975.627 |
801.634 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
90.000 |
250.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2854.599 |
2068.956 |
1644.963 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.482 |
182.321 |
14.989 |
|
(b) Deferred tax liabilities (Net) |
37.855 |
51.502 |
18.185 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
9.974 |
7.624 |
5.959 |
|
Total Non-current
Liabilities (3) |
66.311 |
241.447 |
39.133 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4344.624 |
4017.631 |
2652.585 |
|
(b) Trade
payables |
2794.650 |
2672.358 |
1660.826 |
|
(c) Other
current liabilities |
23.767 |
62.433 |
73.095 |
|
(d) Short-term
provisions |
172.000 |
92.500 |
58.351 |
|
Total Current
Liabilities (4) |
7335.041 |
6844.922 |
4444.857 |
|
|
|
|
|
|
TOTAL |
10255.951 |
9155.325 |
6128.953 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
808.061 |
507.739 |
428.140 |
|
(ii)
Intangible Assets |
1.831 |
1.585 |
2.385 |
|
(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 |
79.541 |
67.867 |
84.782 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
65.849 |
70.707 |
62.942 |
|
(e) Other
Non-current assets |
54.131 |
0.091 |
0.084 |
|
Total Non-Current
Assets |
1009.413 |
647.989 |
578.333 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4369.521 |
2426.177 |
2338.720 |
|
(c) Trade
receivables |
4350.869 |
5801.613 |
3002.441 |
|
(d) Cash
and cash equivalents |
255.066 |
49.816 |
185.776 |
|
(e)
Short-term loans and advances |
269.381 |
217.553 |
22.770 |
|
(f) Other
current assets |
1.701 |
12.177 |
0.913 |
|
Total
Current Assets |
9246.538 |
8507.336 |
5550.620 |
|
|
|
|
|
|
TOTAL |
10255.951 |
9155.325 |
6128.953 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14574.846 |
11430.551 |
8781.330 |
|
|
|
Other Income |
(63.125) |
147.716 |
66.308 |
|
|
|
TOTAL |
14511.721 |
11578.267 |
8847.638 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
10502.436 |
8395.953 |
5939.216 |
|
|
|
Purchases of Stock-in-Trade |
111.834 |
593.122 |
731.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(368.596) |
(649.790) |
109.245 |
|
|
|
Employees benefits expense |
377.106 |
284.086 |
220.108 |
|
|
|
Other expenses |
2969.911 |
2290.046 |
1324.555 |
|
|
|
TOTAL |
13592.691 |
10913.417 |
8324.124 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
919.030 |
664.850 |
523.514 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
299.230 |
299.009 |
254.912 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
619.800 |
365.841 |
268.602 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
71.461 |
66.032 |
54.636 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
548.339 |
299.809 |
213.966 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
164.518 |
125.817 |
93.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
383.821 |
173.992 |
120.661 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on F.O.B. basis |
12965.378 |
10266.318 |
7480.095 |
|
|
|
Sale of Foreign / Investment |
0.000 |
19.228 |
0.000 |
|
|
TOTAL EARNINGS |
12965.378 |
10285.546 |
7480.095 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
56.761 |
81.678 |
32.962 |
|
|
|
Raw Materials |
10870.596 |
7594.075 |
6320.299 |
|
|
|
Consumables |
8.457 |
1.973 |
0.00 |
|
|
TOTAL IMPORTS |
10935.814 |
7677.726 |
6353.261 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.27 |
2.06 |
1.68 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
12820.000 (Market
Fluctuation) |
Expected Sales (2015-2016) : Rs.12500.000 Million
The above information has been parted by Mr.Jipsu Shah.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from (used in) operations |
536.356 |
(1171.343) |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
2.63 |
1.52 |
1.37 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
6.31 |
5.82 |
5.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.39 |
3.30 |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.14 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.53 |
2.03 |
1.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.24 |
1.25 |
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 |
843.329 |
843.329 |
956.965 |
|
Reserves & Surplus |
801.634 |
975.627 |
1807.634 |
|
Share Application money
pending allotment |
0.000 |
250.000 |
90.000 |
|
Net worth |
1644.963 |
2068.956 |
2854.599 |
|
|
|
|
|
|
long-term borrowings |
14.989 |
182.321 |
18.482 |
|
Short term borrowings |
2652.585 |
4017.631 |
4344.624 |
|
Total borrowings |
2667.574 |
4199.952 |
4363.106 |
|
Debt/Equity ratio |
1.622 |
2.030 |
1.528 |
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 |
8781.330 |
11430.551 |
14574.846 |
|
|
|
30.169 |
27.508 |
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 |
8781.330 |
11430.551 |
14574.846 |
|
Profit |
120.661 |
173.992 |
383.821 |
|
|
1.37% |
1.52% |
2.63% |
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 |
Yes |
|
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
DIAMOND INDUSTRY –
INDIA
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
Excerpts from Times of India dated 30th October 2010 is as
under –
Gem and Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
NOTE:
The Registered Office of the company has been shifted from Block A/1,
Dreamland Building, 3rd Floor, Mama Parmanand Marg, Opera House, Mumbai –
400004, Maharashtra, India to the present address w.e.f. 14.02.2013.
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on
demand |
|
|
|
From bank |
|
|
|
Bank overdraft |
37.517 |
2.975 |
|
Loans from shareholders |
1.855 |
1.855 |
|
Total |
39.372 |
4.830 |
NOTE: Long term
details are not available
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10461857 |
31/10/2013 |
250,000,000.00 |
ANDHRA BANK |
9/15 MAMA PARAMANAND MARG,, QUEEN'S ROAD,, MUMBAI |
B90158213 |
|
2 |
10268250 |
02/12/2014 * |
4,760,000,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH, HERMES HOUSE,, MAMA PARMANAND |
C45081593 |
* Date of charge modification
FIXED ASSETS
- Land – Freehold
- Building
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Computer
- Office Equipment
- Windmills
- Computer Software
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 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.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.