MIRA INFORM REPORT
|
Report No. : |
345513 |
|
Report Date : |
16.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ETERNIS FINE CHEMICALS LIMITED (w.e.f. 15.12.2014) |
|
|
|
|
Formerly Known
As : |
HINDUSTAN POLYAMIDES AND FIBRES LIMITED |
|
|
|
|
Registered
Office : |
1004, Peninsula Tower, Peninsula Corporate Park, Ganpatrao Kadam Marg,
Off. Senapati Bapat Marg, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-66513412 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.02.1965 |
|
|
|
|
Com. Reg. No.: |
11-015806 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.832 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1965PLC015806 |
|
|
|
|
IEC No.: |
0388201142 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07208F / MUMH01668C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH3757J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and sale of Aroma chemicals. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1965. The name of the company has
been changed from Hindustan Polyamides and Fibres Limited to Eternis Fine
Chemicals Limited with effect from the date 15th December 2014. It
is a part of Mariwala group. For the FY 2014, the company has achieved sales turnover of Rs.4748.24
million but has incurred loss. However, the company possesses decent networth base marked by low gearing,
adequate cash accruals and there is favourable gap between trade payables and
receivables. Trade relations are fair. Business is active. Payments are slow but
correct. In view of long business track record, 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating= A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
07.09.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating= A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
07.09.2015 |
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 DENIED BY
|
Name : |
Ms. Dipti |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66513412 |
|
Date : |
16.10.2015 |
LOCATIONS
|
Registered Office : |
1004, Peninsula Tower, Peninsula Corporate
Park, Ganpatrao Kadam Marg, Off. Senapati Bapat Marg, Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-22-66513412/ 26513400-3410/ 24951308 / 66513400 |
|
Fax No.: |
91-22-66513435 / 66513434 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 08.08.2014
|
Name : |
Mr. Rajendra Kishore Mariwala |
|
Designation : |
Managing Director |
|
Address : |
Sudha Kunj, 3 Tardeo Road, Mumbai – 400034, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1962 |
|
Date of Appointment : |
01.04.1995 |
|
Voter ID No.: |
MT/04/024/384733 |
|
DIN No.: |
00007246 |
|
|
|
|
Name : |
Mr. Arun Madhav Bewoor |
|
Designation : |
Director |
|
Address : |
20, Gilchrist Avenue, Harrington Road, Chetpet, Chennai – 600031,
Tamilnadu, India |
|
Date of Birth/Age : |
06.09.1942 |
|
Date of Appointment : |
22.09.2012 |
|
DIN No.: |
00024276 |
|
|
|
|
Name : |
Mr. Ravindra Kishore Mariwala |
|
Designation : |
Director |
|
Address : |
8 – B, Sahil, |
|
Date of Birth/Age : |
01.06.1966 |
|
Date of Appointment : |
05.04.2000 |
|
Pan No.: |
AADPM3839J |
|
DIN No.: |
00032825 |
|
|
|
|
Name : |
Mr. Kishore Mariwala |
|
Designation : |
Director |
|
Address : |
103 Everest Apartment, Off |
|
Date of Birth/Age : |
14.02.1935 |
|
Date of Appointment : |
23.01.1965 |
|
DIN No.: |
00036150 |
|
|
|
|
Name : |
MR. Milind Shripad Sarwate |
|
Designation : |
Director |
|
Address : |
E-201/202, Sita Vihar, Near Damani Estate, LBS Marg, Naupada, Thane
(West) – 400 602, |
|
Date of Birth/Age : |
23.09.1959 |
|
Date of Appointment : |
01.02.2006 |
|
Voter ID No.: |
MT/10/053/1021021 |
|
DIN No.: |
00109854 |
|
|
|
|
Name : |
Mr. Harsh Charandas Mariwala |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
14.05.1951 |
|
Date of Appointment : |
21.07.2003 |
|
Voter ID No.: |
MT/04/024/384774 |
|
DIN No.: |
00210342 |
KEY EXECUTIVES
|
Name : |
Ms. Dipti |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 23.09.2013
|
Names of Shareholders |
No. of Shares |
|
Rajen Mariwala |
1 |
|
Harsh Mariwala |
1 |
|
Ravindra Mariwala |
1 |
|
Harsh C Mariwala Jointly with Kishore V Mariwala on Behalf of
Valentine Family Trust |
1830 |
|
Rajen Mariwala Jointly with Harsh C Mariwala on behalf of Aquarious
Family Trust |
1830 |
|
Harsh C Mariwala Jointly with Rajen K Mariwala on behalf of Gemini
Family Trust |
1830 |
|
Kishore V Mariwala Jointly with Harsh C Mariwala on behalf of Taurus
Family Trust |
1830 |
|
Bombay Oil Industries Private Limited, Mumbai |
994 |
|
|
|
|
Total |
8317 |
Equity Share Break up (Percentage of Total Equity)
AS ON 08.08.2014
|
Category |
Percentage |
|
Bodies corporate |
11.95 |
|
Directors or relatives of Directors |
88.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and sale of Aroma chemicals. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Price Waterhouse, 252 Veer Savarkar Bhavan, Shivaji Park, Dadar, Mumbai
– 400028, Maharashtra, India |
|
Pan No.: |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Subsidiary
companies : |
· Arctic Investment & Trading Company Private Limited · HPFL B.V. · HPFL (UK) Limited (Incorporated during the year without subscription to capital) |
|
|
|
|
Enterprise owned or
significantly influenced by key management personnel or their relatives : |
· The Bombay Oil Private Limited |
CAPITAL STRUCTURE
AS ON 08.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 Million |
|
250000 |
Preference Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs.10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8317 |
Equity Shares |
Rs.100/- each |
Rs.0.832 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 |
0.832 |
0.832 |
0.832 |
|
(b) Reserves & Surplus |
1350.859 |
1423.758 |
1270.694 |
|
(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) |
1351.691 |
1424.590 |
1271.526 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
297.164 |
424.726 |
298.977 |
|
(b) Deferred tax liabilities (Net) |
74.341 |
74.342 |
72.791 |
|
(c) Other long term
liabilities |
0.000 |
14.000 |
10.878 |
|
(d) long-term
provisions |
6.673 |
6.207 |
5.751 |
|
Total Non-current
Liabilities (3) |
378.178 |
519.275 |
388.397 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
762.257 |
576.484 |
271.776 |
|
(b) Trade
payables |
606.134 |
678.501 |
473.760 |
|
(c) Other
current liabilities |
248.575 |
163.677 |
119.144 |
|
(d) Short-term
provisions |
13.278 |
30.002 |
30.361 |
|
Total Current
Liabilities (4) |
1630.244 |
1448.664 |
895.041 |
|
|
|
|
|
|
TOTAL |
3360.113 |
3392.529 |
2554.964 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1295.033 |
1069.905 |
866.189 |
|
(ii)
Intangible Assets |
0.183 |
1.208 |
3.184 |
|
(iii)
Capital work-in-progress |
41.330 |
176.953 |
164.374 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
78.808 |
79.532 |
80.254 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
157.909 |
121.968 |
138.514 |
|
(e) Other
Non-current assets |
0.650 |
0.998 |
27.037 |
|
Total Non-Current
Assets |
1573.913 |
1450.564 |
1279.552 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
62.738 |
89.460 |
28.374 |
|
(b)
Inventories |
467.807 |
656.447 |
341.708 |
|
(c) Trade
receivables |
931.765 |
832.901 |
471.552 |
|
(d) Cash
and cash equivalents |
152.119 |
173.030 |
317.802 |
|
(e)
Short-term loans and advances |
164.032 |
168.976 |
112.863 |
|
(f) Other
current assets |
7.739 |
21.151 |
3.113 |
|
Total
Current Assets |
1786.200 |
1941.965 |
1275.412 |
|
|
|
|
|
|
TOTAL |
3360.113 |
3392.529 |
2554.964 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
4677.109 |
4095.925 |
2967.139 |
|
|
|
|
Other Income |
39.830 |
80.318 |
37.957 |
|
|
|
|
TOTAL (A) |
4716.939 |
4176.243 |
3005.096 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
3446.587 |
3074.190 |
2033.806 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
105.198 |
(78.677) |
31.219 |
|
|
|
|
Employee Benefits Expenses |
157.385 |
151.242 |
133.515 |
|
|
|
|
Other Expenses |
843.188 |
659.606 |
506.779 |
|
|
|
|
TOTAL (B) |
4552.358 |
3806.361 |
2705.319 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
164.581 |
369.882 |
299.777 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
59.781 |
61.217 |
64.771 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
104.800 |
308.665 |
235.006 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
166.292 |
131.076 |
114.223 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(61.492) |
177.589 |
120.783 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
0.000 |
55.126 |
33.428 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(61.492) |
122.463 |
87.355 |
||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Goods exported |
3667.795 |
3257.405 |
|
|
|
|
|
Earnings on interest |
1.401 |
0.000 |
|
|
|
|
|
other income |
171.979 |
140.306 |
|
|
|
|
TOTAL EARNINGS |
3841.175 |
3397.711 |
2444.710 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
2551.744 |
2451.152 |
NA |
|
|
|
TOTAL IMPORTS |
2551.744 |
2451.152 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
(7393.54) |
14724.43 |
10503.78 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
166.040 |
106.243 |
27.742 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
146.440 |
(106.466) |
509.440 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
(1.31) |
2.99 |
2.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.52 |
9.03 |
10.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
(1.90) |
5.66 |
5.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
0.12 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
0.78 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.34 |
1.42 |
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 |
0.832 |
0.832 |
0.832 |
|
Reserves & Surplus |
1270.694 |
1423.758 |
1350.859 |
|
Net
worth |
1271.526 |
1424.590 |
1351.691 |
|
|
|
|
|
|
long-term borrowings |
298.977 |
424.726 |
297.164 |
|
Short term borrowings |
271.776 |
576.484 |
762.257 |
|
Current Maturities of Long term debt |
27.742 |
106.243 |
166.040 |
|
Total
borrowings |
598.495 |
1107.453 |
1225.461 |
|
Debt/Equity
ratio |
0.471 |
0.777 |
0.907 |
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 |
2967.139 |
4095.925 |
4677.109 |
|
|
|
38.043 |
14.189 |
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
|
2967.139 |
4095.925 |
4677.109 |
|
Profit |
87.355 |
122.463 |
(61.492) |
|
|
2.94% |
2.99% |
(1.31%) |
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 |
-- |
|
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 |
No |
|
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 |
Yes |
|
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 |
OPERATIONS:
During the year, the Company’s revenue has increased from Rs. 4176.24 Million to Rs. 4748.24 Million, indicating a rise of 13.70 % over previous year, Cash Operating Profit (EBIDTA) has decreased by 44.49 % from Rs. 369.87 Million in the previous year to Rs.164.58 Million in the current year.
As a result, Profit after tax has decreased by 150.2 % from Rs. 122.46 Million in the previous year to Rs. (61.50) Million in the current year.
The Company continued to invest for growth and accordingly invested Rs. 254.08 Millions in fixed assets during the year.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Deferred payment liabilities |
7.214 |
9.483 |
|
|
|
|
|
Total |
7.214 |
9.483 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10505346 |
17/05/2014 |
200,000,000.00 |
YES BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,,
MUMBAI, MAHARASHTRA - |
C08775421 |
|
2 |
10469609 |
12/12/2013 |
224,000,000.00 |
DBS BANK LTD |
3RD FLOOR, FORT HOUSE, 221,, DR. D N ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B93299162 |
|
3 |
10505334 |
12/12/2013 |
200,000,000.00 |
YES BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - |
C08778771 |
|
4 |
10378452 |
05/09/2012 |
224,400,000.00 |
DBS BANK LTD. |
3RD FLOOR, FORT HOUSE,, DR. D N ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B58892795 |
|
5 |
10329153 |
23/07/2012 * |
204,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
B44495752 |
|
6 |
10243447 |
18/08/2010 |
240,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
A95935664 |
|
7 |
10186127 |
04/03/2015 * |
300,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA |
C47504634 |
|
8 |
10164371 |
12/12/2013 * |
250,000,000.00 |
DBS BANK LTD |
3RD FLOOR, FORT HOUSE, 221,, DR. D N ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B93325520 |
|
9 |
10124913 |
15/12/2011 * |
91,160,000.00 |
DBS BANK LIMITED |
221, FORT HOUSE, 3RD FLOOR, D.N.ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B29539491 |
|
10 |
10076081 |
11/06/2015 * |
350,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO,
3A/F, PLOT NO C-38 & C-39,, G BLOCK , |
C58205899 |
|
11 |
90165518 |
21/08/2013 * |
380,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR,, PLOT NO.C-54, C-55, G-BLOCK, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
B83348821 |
|
12 |
90238117 |
27/05/2005 * |
87,500,000.00 |
CITI BANK NA |
BANDRA KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
13 |
90165516 |
21/07/2004 * |
87,500,000.00 |
CITI BANK NA |
CITI GROUP CENTRE; BANDRA KURLA COMPLEX, BANDRA(E), MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Electrical Incubation
·
Furniture and Fixtures
·
Office Equipments
·
Vehicle
Intangible Assets
· 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 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.64.82 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.74.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
41 |
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.