MIRA INFORM REPORT
|
Report No. : |
348663 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN PENCILS PRIVATE LIMITED (w.e.f. 03.10.2007) |
|
|
|
|
Formerly Known
As : |
HINDUSTAN PENCILS LIMITED |
|
|
|
|
Registered
Office : |
111/112 Himalaya House, |
|
Tel. No.: |
91-22-22614505 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
15.03.1955 |
|
|
|
|
Com. Reg. No.: |
11-009500 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29.837 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991MH1955PTC009500 |
|
|
|
|
IEC No.: |
0388014377 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAAA1234H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Exporting and Importing of Primary school stationery. |
|
|
|
|
No. of Employees
: |
Above 100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and well-established company incorporated in the
year 1955. It was promoted by the late Mr. B J Sanghvi. The company is
engaged in manufacture of writing instruments such as pencils, pens, erasers,
and sharpeners. Its products are marked under the “Natraj” and “Apsara”
brands. The rating takes into consideration sound financial risk profile of
the company marked by very strong networth base along with comfortable debt
ratios. Although, there has reported some decrease in the profit of the
company in FY 14, the overall financial standing of the company is sound and
healthy. Further, the ratings reflect company’s established market position and
strong brand equity in the Indian stationery industry. Trade relations are fair. Business is active. Payment terms are
reported to be regular and ha per commitments. In view of aforesaid, the company can be considered normal for
business dealings with 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 |
CRISIL |
|
Rating |
Long Term Rating = (A-) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
June 30, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = (A2) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
June 30, 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Ms. Mansi Panday |
|
Designation : |
Deputy Manager |
|
Contact No.: |
91-22-22614505 |
|
Date : |
03.11.2015 |
LOCATIONS
|
Registered Office : |
111/112 Himalaya House, 79 - Palton Road, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-22614505 |
|
Fax No.: |
91-22-22626444 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
8500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Administrative Office : |
510, Himalaya House, |
|
Tel. No.: |
91-22-22614507 |
|
Fax No.: |
91-22-22614508 |
|
Area
: |
3000 sq. ft. |
|
Location
: |
Owned |
|
|
|
|
Factories : |
Located
At : ·
·
Umergaon ·
Achhad ·
Baribrahmna ·
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kirti Bhaidas Sanghvi |
|
Designation : |
Managing Director |
|
Address : |
21, Varsha Co-Operative Housing Society Limited, 69, B. Nepeansea Road, Mumbai- 400036, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1948 |
|
Date of Appointment : |
01.06.2007 |
|
DIN No.: |
00084975 |
|
|
|
|
Name : |
Mr. Harendra Bhaidas Sanghvi |
|
Designation : |
Managing Director |
|
Address : |
25, Sagar Tarang, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
06.12.1952 |
|
Date of Appointment : |
01.06.2007 |
|
DIN No.: |
00505060 |
|
|
|
|
Name : |
Mr. Natvarlal Hiralal Patel |
|
Designation : |
Director |
|
Address : |
Umbergaon Housing GIDC Colony, Plot No 89, Flat No 303/304, Valsad - 396171, Gujarat, India |
|
Date of Birth/Age : |
06.06.1948 |
|
Date of Appointment : |
21.06.2013 |
|
DIN No.: |
06627846 |
KEY EXECUTIVES
|
Name : |
Mr. Mansi Panday |
|
Designation : |
Deputy Manager |
|
|
|
|
Name : |
Mr. Gajanan B Rajeshirke |
|
Designation : |
Manager |
|
Address : |
13, Sahakar, Anand Nagar, Vakola, Mumbai - 400055, Maharashtra, India |
|
Date of Appointment : |
04.03.1991 |
|
PAN No.: |
AACPR7563F |
|
|
|
|
Name : |
Mr. Nitin P. Gupta |
|
Designation : |
Secretary |
|
Address : |
House No: 35, Krishna Nagar, Jammu - 180004, Jammu and Kashmir, India |
|
Date of Appointment : |
01.06.2014 |
|
PAN No.: |
AEZPG1346Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Shri Sanghvi B. Kirti, Smt. Sanghvi K. Jayshree |
|
681034 |
|
Smt. Sanghvi K. Bharati, Shri. Sanghvi K. Dhruman. |
|
56700 |
|
Shri Sanghvi B. Harendra, and Smt Sanghvi H. Harsha |
|
90135 |
|
Smt Sanghvi H. Harsha, and Shri Sanghvi B. Harendra |
|
27500 |
|
Shri Sanghvi B. Kirti, (Karta of Sanghvi B.Harendra, HUF) and Smt. Sanghvi H. Harsha. |
|
50400 |
|
Shri Sanghvi H. Bhaumik, and Shri Sanghvi B. Harendra |
|
4500 |
|
Shri Sanghvi K. Dhruman, and Smt. Sanghvi K. Bharati. |
|
65800 |
|
Miss. Sanghvi K. Sanchi, Shri Sanghvi B. Kirti. |
|
195833 |
|
Parul-Dhruvi Investment Company Private Limited |
|
62300 |
|
Harsha-Haren Investment Company Private Limited |
|
541200 |
|
Hiralaxmi Bhaidas Investment Company Private Limited |
|
605800 |
|
Shri Sanghvi B.Kishore, Shri Sanghvi B.Kirti, Shri Sanghvi B.Harendra, Trustees: Narmadaben Nandlal Trust. |
|
600000 |
|
Camco Stationers Private Limited |
|
2500 |
|
Total |
|
2983702 |
|
Names of (Preference Shareholders) |
|
No. of Shares |
|
Camco Stationers Private Limited |
|
140000 |
|
Bhaumik Colour Private Limited |
|
310000 |
|
Apsara Wood Industries Private Limited |
|
100000 |
|
Hardik Paint Private Limited |
|
250000 |
|
Patel Stationers Private Limited |
|
230000 |
|
Total |
|
1030000 |
LIST OF ALLOTTEE
As on 27.07.2015
|
Names of Allottee (Redeemable Preference Shares) |
|
No. of Shares |
|
Umesh Pencils Processors Private Limited |
|
5000000 |
|
Nachik Colour Private Limited |
|
750000 |
|
Total |
|
5750000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
58.55 |
|
Directors or relatives of Directors |
41.37 |
|
Other top fifty shareholders |
0.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting and Importing of Primary school stationery. |
|
|
|
|
Products : |
Primary School Stationery |
|
|
|
|
Brand Names : |
|
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Primary School Stationery |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users and OEMs
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No. of Employees : |
Above 100 (Approximately) |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715, Tulsiani Chambers, 212, Nirimanpoint,
Mumbai-400021, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC0662N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
Hindustan Pencils Lanka (Private) Limited |
|
|
|
|
Enterprises owned
or significantly influenced by key management personnel or their relatives : |
|
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 190.000
Million
ssued, Subscribed & Paid-up Capital : Rs. 149.687 Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
Total |
|
Rs.90.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2983702 |
Equity Shares |
Rs.10/- each |
Rs.29.837
Million |
|
1030000 |
Preference Shares |
Rs.10/- each |
Rs.10.300
Million |
|
|
Total |
|
Rs.40.137 Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2983702 |
Equity Shares |
Rs.10/- each |
Rs.29.837
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 |
29.837 |
29.837 |
29.837 |
|
(b) Reserves & Surplus |
1066.722 |
978.641 |
847.194 |
|
(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) |
1096.559 |
1008.478 |
877.031 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
188.086 |
169.514 |
241.209 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
441.000 |
441.000 |
375.100 |
|
(d) long-term provisions |
25.850 |
43.790 |
1.648 |
|
Total
Non-current Liabilities (3) |
654.936 |
654.304 |
617.957 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
529.278 |
517.074 |
219.872 |
|
(b) Trade payables |
309.154 |
201.723 |
220.116 |
|
(c) Other current liabilities |
220.781 |
207.970 |
184.540 |
|
(d) Short-term provisions |
142.123 |
110.684 |
49.444 |
|
Total
Current Liabilities (4) |
1201.336 |
1037.451 |
673.972 |
|
|
|
|
|
|
TOTAL |
2952.831 |
2700.233 |
2168.960 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
783.227 |
802.622 |
777.426 |
|
(ii) Intangible Assets |
5.283 |
4.353 |
6.869 |
|
(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 |
238.831 |
224.164 |
211.516 |
|
(c) Deferred tax assets (net) |
15.914 |
13.081 |
18.044 |
|
(d) Long-term Loan and Advances |
52.535 |
41.014 |
29.409 |
|
(e) Other Non-current assets |
15.002 |
13.569 |
11.965 |
|
Total
Non-Current Assets |
1110.792 |
1098.803 |
1055.229 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1555.003 |
1260.670 |
935.592 |
|
(c) Trade receivables |
143.812 |
129.200 |
78.568 |
|
(d) Cash and cash equivalents |
20.666 |
110.457 |
41.114 |
|
(e) Short-term loans and
advances |
102.912 |
81.969 |
38.680 |
|
(f) Other current assets |
19.646 |
19.134 |
19.777 |
|
Total
Current Assets |
1842.039 |
1601.430 |
1113.731 |
|
|
|
|
|
|
TOTAL |
2952.831 |
2700.233 |
2168.960 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
310.297 |
367.188 |
125.686 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
176.215 |
170.550 |
171.956 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
134.082 |
196.638 |
(46.270) |
|
|
|
|
|
|
|
Less |
TAX |
42.201 |
60.908 |
(11.878) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
91.881 |
135.730 |
(34.392) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
666.464 |
548.279 |
586.139 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend on equity
shares |
2.984 |
2.984 |
2.984 |
|
|
Dividend Distribution Tax |
0.507 |
0.484 |
0.484 |
|
|
General Reserve |
9.200 |
13.600 |
0.000 |
|
|
Short)/Excess Provision of
Income Tax |
0.000 |
1.060 |
0.000 |
|
|
Short Provision of Fringe
Benefit Tax |
0.000 |
1.536 |
0.000 |
|
|
Short Provision of Wealth Tax |
0.000 |
0.017 |
0.000 |
|
|
Excess Provision of Income Tax |
0.000 |
0.000 |
0.000 |
|
|
Total
|
12.691 |
19.681 |
3.468 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
745.654 |
666.464 |
548.279 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1030.666 |
762.446 |
67.418 |
|
|
TOTAL
EARNINGS |
1030.666 |
762.446 |
67.418 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
579.071 |
334.754 |
0.000 |
|
|
Finished Goods |
10.801 |
1.111 |
0.000 |
|
|
Consumable Stores |
29.342 |
7.958 |
0.000 |
|
|
Capital Goods |
100.327 |
114.073 |
0.000 |
|
|
TOTAL
IMPORTS |
719.541 |
457.896 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
30.79 |
45.49 |
(11.53) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
7690.000 |
|
|
|
|
|
The above information has been parted by Ms. Mansi (Deputy Manager)
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 operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.97 |
7.98 |
-2.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.19 |
-0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.65 |
0.68 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.54 |
1.65 |
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 |
29.837 |
29.837 |
29.837 |
|
Reserves & Surplus |
847.194 |
978.641 |
1066.722 |
|
Net
worth |
877.031 |
1008.478 |
1096.559 |
|
|
|
|
|
|
long-term borrowings |
241.209 |
169.514 |
188.086 |
|
Short term borrowings |
219.872 |
517.074 |
529.278 |
|
Total
borrowings |
461.081 |
686.588 |
717.364 |
|
Debt/Equity
ratio |
0.526 |
0.681 |
0.654 |
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 |
Yes |
|
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 three years |
No |
|
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 |
Yes |
|
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 |
|
|
|
Loans and advances from related parties |
103.539 |
66.406 |
|
Total |
103.539 |
66.406 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10553555 |
28/09/2015 * |
116,752,000.00 |
The Saraswat Cooperative Bank Ltd |
SME Nariman Point Branch,Mittal Court A Wing, 1st |
C66797689 |
|
2 |
10476295 |
19/01/2015 * |
100,000,000.00 |
The Saraswat Cooperative Bank Ltd |
SME Nariman Point Branch,Mittal Court A Wing, 1st |
C40632226 |
|
3 |
10465523 |
04/12/2013 |
259,420,000.00 |
The Saraswat Cooperative Bank Ltd |
SME Nariman Point Branch,Mittal Court A Wing, 1st |
B91693051 |
|
4 |
10456244 |
11/10/2013 |
100,000,000.00 |
The Shamrao Vithal Co-operative Bank Ltd. |
SVC Tower, Nehru Road,, Santacruz (East), Mumbai, |
B88025473 |
|
5 |
10266946 |
21/01/2011 |
107,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
Maker Towers 'E',1st floor, Cuffe Parade, Mumbai, |
B05495379 |
|
6 |
10261109 |
15/12/2010 |
171,100,000.00 |
The Saraswat Co-op Bank Ltd |
Fort Branch, 373, Sailor Building, Opp Hutatma Chowk, D N Road Fort,
Mumbai, Maharashtra - 400001, |
B03048527 |
|
7 |
10245013 |
23/09/2010 |
17,558,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
Maker Towers 'E',1st floor, Cuffe Parade,, Mumbai, Maharashtra -
400005, INDIA |
A96624044 |
|
8 |
10202319 |
11/02/2010 |
23,500,000.00 |
STANDARD CHATERED BANK |
90, MAHATMA GANDHI ROAD,, FORT, MUMBAI, Maharashtra - 400001, INDIA |
A79032918 |
|
9 |
10158300 |
07/05/2009 |
36,600,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
Maker Towers 'E', 1st Floor, Cuffe Parade, MUMBAI |
A62541206 |
|
10 |
10158349 |
21/01/2011 * |
130,542,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
Maker Towers 'E',1st floor, Cuffe Parade, Mumbai |
B05493333 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
30.720 |
11.776 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.56 |
|
|
1 |
Rs.101.12 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
51 |
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.