MIRA INFORM REPORT
|
Report No. : |
320379 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANUPAM STATIONERY LIMITED (w.e.f.18..07.2005) |
|
|
|
|
Formerly Known
As : |
ANUPAM STATIONERY MANUFACTURERS LIMITED |
|
|
|
|
Registered
Office : |
105, D- Definity, Jaiprakash Road, Goregaon (East), Mumbai – 400063,
Maharashtra |
|
Tel. No.: |
91-22-29275843 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
12.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-088332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991MH1995PLC088332 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacture and Exporter of Paper Stationary. |
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|
|
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No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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. The company has reported another steady financial year performance. It
has fair profit margin and liquidity during FY 2014. Trade relations reported to be fair. Business is active. Payments are
reported to be usually correct. Subject 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 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Prakash Nar |
|
Designation : |
Export Import |
|
Contact No.: |
91-250-6456401/409 |
|
Date : |
30.04.2015 |
LOCATIONS
|
Registered Office : |
105, D- Definity, Jaiprakash Road, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-29275843 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory: |
Plot No. 1, Survey No.32 Sanpada at Devdal, Vasai Kaman Road, Vasai
(East), District – Palghar – 401208, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vinod Manilal Gala |
|
Designation : |
Whole-time director |
|
Address : |
Sahyagiri, A/2, 2nd Floor, Sonawala Road, Goregaon (East),
Mumbai - 400 063, Maharashtra,
India |
|
Date of Birth/Age : |
13.08.1974 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00267056 |
|
|
|
|
Name : |
Mr. Rajesh Nanji Gala |
|
Designation : |
Whole-time director |
|
Address : |
704a, Sunrise Apartment, 7th Floor, Near Pmp Auto, Aarey Road, Goregaon (East), Mumbai - 400 063, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1968 |
|
Date of Appointment : |
12.05.1998 |
|
DIN No.: |
00340210 |
|
|
|
|
Name : |
Mr. Tarunkumar Manilal Gala |
|
Designation : |
Whole-time director |
|
Address : |
Sahyagiri, A/2, 2nd Floor, Sonawala Road, Goregaon (East),
Mumbai - 400 063, Maharashtra,
India |
|
Date of Birth/Age : |
10.06.1976 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
01491871 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash Nar |
|
Designation : |
Export Import |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Manilal Bhuralal Gala |
|
142900 |
|
Nanji Bhuralal Gala |
|
148200 |
|
Tarun Manilal Gala |
|
160000 |
|
Rajesh Nanji Gala |
|
148615 |
|
Vinod Manilal Gala |
|
160000 |
|
Premiji S Gala |
|
100 |
|
Hiruben Nanji Gala |
|
98425 |
|
Jyoti Rajesh Gala |
|
137245 |
|
Dilip Nanji Gala |
|
52600 |
|
Manisha Dilip Gala |
|
15000 |
|
Nanji Bhuralal Gala (HUF) |
|
24000 |
|
Nirmala Pravin Gala |
|
10500 |
|
Pravin Nanji Gala |
|
115900 |
|
Pravin Nanji Gala (HUF) |
|
10365 |
|
Rajesh Nanji Gala (HUF) |
|
43000 |
|
Shreya Rajesh Gala |
|
7500 |
|
Harsha Tarun Gala |
|
92070 |
|
Shilpa Vinod Gala |
|
113350 |
|
Manilal Bhuralal Gala (HUF) |
|
26000 |
|
Pramilaben M Gala |
|
58530 |
|
Vinod Manilal Gala (HUF) |
|
22000 |
|
Dhirubhai Desai |
|
100 |
|
Rajesh Kanji Nandu |
|
100 |
|
Dhviti Tarun Gala Thro' F & N Guardian - Tarun Gala |
|
25000 |
|
Vipasa Vinod Gala Thro' F & N Guardian - Vinod Gala |
|
25000 |
|
Jiya Tarun Gala Thro' F & N Guardian - Tarun Gala |
|
25000 |
|
Sidharth Pravin Gala |
|
20000 |
|
Aditya Rajesh Gala |
|
20000 |
|
Parthiv Dilip Gala |
|
20000 |
|
Tanay Vinod Gala |
|
25000 |
|
Rajesh Dinkar Fowkar |
|
50000 |
|
Dhrumil Pravin Gala |
|
3500 |
|
Total |
|
1800000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
97.21 |
|
Other top fifty shareholders |
2.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Exporter of Paper Stationary. |
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|
Products : |
Paper Stationary |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Paper Stationary |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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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 : |
125 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India
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Facilities : |
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Auditors : |
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Name : |
H and J Associates Chartered Accountants |
|
Address : |
10, Vasant Vihar, 17, New Nagardas 'X' Road, Andheri (East), Mumbai –
400069, Maharashtra, India |
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Tel. No.: |
91-22-28224570/28217941 |
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Fax No.: |
91-22-66910566 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFH9649F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Entity in which KMP Holds Substantial Interest : |
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Entity in which relatives of KMP Hold Substantial Interest: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs. 18.000
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 |
18.000 |
18.000 |
18.000 |
|
(b) Reserves & Surplus |
81.423 |
78.902 |
73.497 |
|
(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) |
99.423 |
96.902 |
91.497 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.645 |
9.158 |
15.008 |
|
(b) Deferred tax liabilities
(Net) |
3.304 |
3.589 |
3.379 |
|
(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) |
6.949 |
12.747 |
18.387 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
76.848 |
71.740 |
73.007 |
|
(b) Trade payables |
24.482 |
21.514 |
20.645 |
|
(c) Other current liabilities |
6.145 |
4.504 |
4.036 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
107.475 |
97.758 |
97.688 |
|
|
|
|
|
|
TOTAL |
213.847 |
207.407 |
207.572 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
69.445 |
72.681 |
71.521 |
|
(ii) Intangible Assets |
0.079 |
0.132 |
0.219 |
|
(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 |
5.260 |
5.260 |
5.260 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.017 |
1.740 |
1.664 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
76.801 |
79.813 |
78.664 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
64.155 |
67.000 |
56.765 |
|
(c) Trade receivables |
51.510 |
49.355 |
43.363 |
|
(d) Cash and cash equivalents |
7.053 |
3.675 |
2.029 |
|
(e) Short-term loans and
advances |
10.544 |
4.455 |
25.481 |
|
(f) Other current assets |
3.784 |
3.109 |
1.270 |
|
Total
Current Assets |
137.046 |
127.594 |
128.908 |
|
|
|
|
|
|
TOTAL |
213.847 |
207.407 |
207.572 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
303.971 |
288.229 |
265.848 |
|
|
Other Income |
4.112 |
2.838 |
3.820 |
|
|
TOTAL
(A) |
308.083 |
291.067 |
269.668 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
131.987 |
118.064 |
115.854 |
|
|
Purchases of Stock-in-Trade |
33.684 |
47.828 |
45.340 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.578 |
(3.222) |
(0.729) |
|
|
Manufacturing and Other Direct
Expenses |
36.054 |
30.882 |
29.075 |
|
|
Employees benefits expense |
28.632 |
24.844 |
21.931 |
|
|
Other expenses |
45.049 |
43.526 |
31.666 |
|
|
Exceptional items |
3.923 |
0.000 |
0.000 |
|
|
TOTAL
(B) |
282.907 |
261.922 |
243.137 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
25.176 |
29.145 |
26.531 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.743 |
12.569 |
11.254 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.433 |
16.576 |
15.277 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.778 |
8.559 |
7.888 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
4.655 |
8.017 |
7.389 |
|
|
|
|
|
|
|
Less |
TAX (H) |
2.134 |
2.613 |
2.337 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
2.521 |
5.404 |
5.052 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
42.922 |
37.643 |
32.716 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.125 |
0.125 |
0.125 |
|
|
Balance
Carried to the B/S |
45.318 |
42.922 |
37.643 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.40 |
3.00 |
2.89 |
Expected Sales (2014-2015) : Rs.350.000 Million
The above information has been parted by Mr. Prakash Nar
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.83 |
1.87 |
1.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.28 |
10.11 |
9.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.23 |
3.97 |
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.08 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.81 |
0.83 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.31 |
1.32 |
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 |
18.000 |
18.000 |
18.000 |
|
Reserves & Surplus |
73.497 |
78.902 |
81.423 |
|
Net
worth |
91.497 |
96.902 |
99.423 |
|
|
|
|
|
|
long-term borrowings |
15.008 |
9.158 |
3.645 |
|
Short term borrowings |
73.007 |
71.740 |
76.848 |
|
Total
borrowings |
88.015 |
80.898 |
80.493 |
|
Debt/Equity
ratio |
0.962 |
0.835 |
0.810 |
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 |
265.848 |
288.229 |
303.971 |
|
|
|
8.419 |
5.462 |
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 |
265.848 |
288.229 |
303.971 |
|
Profit |
5.052 |
5.404 |
2.521 |
|
|
1.90% |
1.87% |
0.83% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BUSINESS
ACTIVITIES
The company has maintained more or less its sales levels. This is
despite stiff competition from unorganized sector. Barring unforeseen
circumstances the director see the future with optimism.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and Advance from director |
5.070 |
6.751 |
|
Loans and Advance from Others |
5.000 |
0.407 |
|
Inter Corporate Deposits |
2.600 |
0.282 |
|
Total |
12.670 |
7.440 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10437578 |
18/07/2013 |
525,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B79938577 |
|
2 |
10317583 |
21/10/2011 |
4,184,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B25276189 |
|
3 |
10010746 |
08/03/2013 * |
103,200,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B69986560 |
|
4 |
80041425 |
13/11/2007 * |
29,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A39567748 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Plot of Land
- Factory Premises
- Vasai Depot Building
- Registered Office Premises
- Plant and Machinery
- Electric Installation and Fittings
- Factory Equipment
- Office equipment’s
- Vehicles
- Motor Car
- Computer Systems
Intangible Assets
- 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 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.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.