MIRA INFORM REPORT
|
Report No. : |
346172 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AKSHAR PRECISION TUBES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 38-41, Baroda Co-Operative Industrial Estate, Dharamsinh Desai Marg, Chhani Road, Vadodara – 390002, Gujarat |
|
Tel. No.: |
91-265-6583348 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.01.1998 |
|
|
|
|
Com. Reg. No.: |
04-033576 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 105.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25110GJ1998PTC033576 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3975H |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Studded Tubes, High Frequency Welded Fin
Tubes, Aluminum Fin Tubes, etc. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1998, and it is promoted by the Jain, Gupta, and Patel families. The company is based in Vadodara (Gujarat), manufactures various types of fin tubes and fabrications such as air-cooled heat exchangers and heat-recovery steam generation modules. Rating on company's reflect the above-average financial risk profile, marked by a comfortable capital structure and healthy debt protection metrics and healthy profitability margin. The rating further derive strength from established track record of company operations, experienced promoter and its diversified product profile. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term bank facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
August 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
August 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 : |
Mr. Pravin Shah |
|
Designation : |
Key Executive |
|
Contact No.: |
91-265-6583348 |
|
Date : |
19.10.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 38-41, Baroda Co-Operative Industrial Estate,
Dharamsinh Desai Marg, Chhani Road, Vadodara – 390002, Gujarat, India |
|
Tel. No.: |
91-265-2776350 / 6583348 |
|
Mobile No.: |
91-9725499114 (Mr. Ashutosh Gupta) |
|
Fax No.: |
91-265-2774725 |
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E-Mail : |
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Website : |
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|
Factory : |
Survey No. 369, Block No. 368/1/A, Bankarda – Bhadarva Road, Village Rania, Taluka Salvi, District Vadodara, Gujarat, India |
|
Area : |
45871 Sq.mt. |
|
Location : |
Owned |
|
|
|
|
Tel. No.: |
91-2652776350 / 27772074 / 6583348 |
|
Fax No.: |
91-2652774725 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Kulbhushan Shukhmakchand Jain |
|
Designation : |
Director |
|
Address : |
1, Haribhakti Extension, Old Padra Road, Near Telephone Exchange,, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
01.11.1963 |
|
Date of Appointment : |
17.01.1998 |
|
DIN No.: |
00164848 |
|
PAN No.: |
ABMPJ8188R |
|
|
|
|
Name : |
Mrs. Raney Kulbitusan Jain |
|
Designation : |
Director |
|
Address : |
1, Haribhakti Extension, Old Padra Road, Near Telephone Exchange,, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
22.04.1966 |
|
Date of Appointment : |
17.01.1998 |
|
DIN No.: |
00164896 |
|
PAN No.: |
ABPPJ8379M |
|
|
|
|
Name : |
Mrs. Sangeeta Ajay Garg |
|
Designation : |
Director |
|
Address : |
1, Haribhakti Extension, Old Padra Road, Near Telephone Exchange,, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
12.11.1961 |
|
Date of Appointment : |
17.01.1998 |
|
Pan No.: |
ACCPG7531Q |
|
DIN No.: |
00164872 |
|
|
|
|
Name : |
Mr. Ashutosh Vedprakash Gupta |
|
Designation : |
Director |
|
Address : |
C/1, Kalindi Apartment, Pashabhai Park, Near Race Cource Circle, Vadodara – 390007, Gujarat, India |
|
Date of Birth/Age : |
23.07.1972 |
|
Date of Appointment : |
17.01.1998 |
|
DIN No.: |
00164825 |
|
PAN No.: |
ACMOG4512H |
|
|
|
|
Name : |
Mr. Shatrunjay Dhananjay Patel |
|
Designation : |
Director |
|
Address : |
A/21, Raliyatbanagar Society, Laxmipura Road, Baroda – 390023, Gujarat, India |
|
Date of Birth/Age : |
23.11.1974 |
|
Date of Appointment : |
17.01.1998 |
|
DIN No.: |
00164929 |
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PAN No.: |
ACFPP9543A |
|
|
|
|
Name : |
Mr. Shukhmalchand Ajitprasad Jain |
|
Designation : |
Director |
|
Address : |
1, Haribhakti Extension, Old Padra Road, Near Telephone Exchange,, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
22.09.1934 |
|
Date of Appointment : |
17.01.1998 |
|
DIN No.: |
00164802 |
|
PAN No.: |
ABPPJ8378L |
KEY EXECUTIVES
|
Name : |
Mr. Pravin Shah |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sukhmalchand Jain |
|
3677100 |
|
Kulbhushan S. Jain |
|
2522100 |
|
Falguni D. Patel |
|
21000 |
|
Shatrunjay D. Patel |
|
693000 |
|
Ashutosh V. Gupta |
|
630000 |
|
Raney K. Jain |
|
1168650 |
|
Sangita A. Garg |
|
811650 |
|
Dinesh G. Patel |
|
126000 |
|
Nirmala V. Garg |
|
52500 |
|
Manisha A. Gupta |
|
136500 |
|
Chaula D. Patel |
|
157500 |
|
Nikita K. Jain |
|
210000 |
|
Nirmita K. Jain |
|
210000 |
|
Jaymini S. Patel |
|
42000 |
|
Mayur S. Patel |
|
21000 |
|
Harikrushna S. Patel |
|
21000 |
|
Total |
|
10500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Studded Tubes, High Frequency Welded Fin
Tubes, Aluminum Fin Tubes, etc. |
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|
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Products : |
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|
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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 : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturers, Retailers and Wholesalers
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
M.V. Shah and Company Chartered Accountant |
|
Address : |
201, Mangal Ashish Apartment 31, Samrat Rao Colony, R. C. Dutt Road |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AATFM3525D |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500000 |
Equity Shares |
Rs.10/- each |
Rs. 105.000
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 |
105.000 |
105.000 |
105.000 |
|
(b) Reserves & Surplus |
84.910 |
52.484 |
41.984 |
|
(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) |
189.910 |
157.484 |
146.984 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
144.771 |
155.416 |
186.263 |
|
(b) Deferred tax liabilities
(Net) |
5.028 |
6.053 |
0.479 |
|
(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) |
149.799 |
161.469 |
186.742 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
99.492 |
45.529 |
11.233 |
|
(c) Other current liabilities |
2.124 |
47.792 |
0.127 |
|
(d) Short-term provisions |
80.292 |
59.057 |
54.962 |
|
Total
Current Liabilities (4) |
181.908 |
152.378 |
66.322 |
|
|
|
|
|
|
TOTAL |
521.617 |
471.331 |
400.048 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
157.924 |
178.697 |
123.829 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
4.145 |
0.584 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.260 |
2.260 |
2.260 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.355 |
|
Total
Non-Current Assets |
164.329 |
181.541 |
126.444 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
56.455 |
56.881 |
77.322 |
|
(c) Trade receivables |
194.303 |
151.287 |
116.354 |
|
(d) Cash and cash equivalents |
18.914 |
7.927 |
8.715 |
|
(e) Short-term loans and
advances |
0.031 |
2.136 |
0.000 |
|
(f) Other current assets |
87.585 |
71.559 |
71.213 |
|
Total
Current Assets |
357.288 |
289.790 |
273.604 |
|
|
|
|
|
|
TOTAL |
521.617 |
471.331 |
400.048 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
425.317 |
364.701 |
297.311 |
|
|
Other Income |
3.951 |
2.677 |
2.077 |
|
|
TOTAL
|
429.268 |
367.378 |
299.388 |
|
|
|
|
|
|
|
Less |
EXPENSES |
357.568 |
329.260 |
267.744 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
71.700 |
38.118 |
31.644 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
23.199 |
21.143 |
15.141 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
48.501 |
16.975 |
16.503 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
16.075 |
10.974 |
10.080 |
|
|
|
|
|
|
|
|
PROFIT
AFTER TAX |
32.426 |
6.001 |
6.423 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
11.500 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
11.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.09 |
0.57 |
0.61 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
370.000 ( due to less
orders ) |
The above information has been parted by Mr. Pravin 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 operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.62 |
1.65 |
2.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.37 |
3.61 |
4.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.76 |
0.99 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96 |
1.90 |
4.13 |
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 |
105.000 |
105.000 |
105.000 |
|
Reserves & Surplus |
41.984 |
52.484 |
84.910 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
146.984 |
157.484 |
189.910 |
|
|
|
|
|
|
long-term borrowings |
186.263 |
155.416 |
144.771 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
186.263 |
155.416 |
144.771 |
|
Debt/Equity
ratio |
1.267 |
0.987 |
0.762 |
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 |
297.311 |
364.701 |
425.317 |
|
|
|
22.667 |
16.621 |
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 |
297.311 |
364.701 |
425.317 |
|
Profit |
6.423 |
6.001 |
32.426 |
|
|
2.16% |
1.65% |
7.62% |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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% |
Yes |
|
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 |
Note: The registered address of the company has been shifted from 217/219 Race
Course Tower, Race Course Circle, Baroda – 390007, Gujarat, India to the
present address w.e.f. 09.09.2006
COMPANYS PERFORMANCE:
The Company has reported Profit after Tax of Rs. 32.426 Million on a total income of Rs. 429.268 Million during the year as against the previous years profit of Rs. 6.001 Million on a total income of Rs. 367.378 Million. In order to conserve resources, the Directors do not recommend any dividend for the financial year ended, March 31, 2014.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from banks |
30.794 |
23.650 |
|
Rupee term loans from others |
77.902 |
76.040 |
|
Total |
108.696 |
99.690 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10080806 |
21/09/2012 * |
244,501,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B59192310 |
|
2 |
80027907 |
07/09/2012 * |
244,501,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B60055035 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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, India Prisons Service,
Interpol, etc.
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 |
|
UK Pound |
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
|
Information Gathered
by : |
KAM |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.