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|
|
MIRA INFORM REPORT
|
Report No. : |
491321 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
RISHI FIBC SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Indra Complex, 7th Floor, Sindhwai Mata Cross Road, Manjalpur,
Vadodara - 390004, Gujarat |
|
Tel. No.: |
91-265-2630553 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
06.02.2007 |
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|
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|
Com. Reg. No.: |
04-049943 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
INR 158.110 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ2007PTC049943 |
|
|
|
|
IEC No.: |
3407000316 |
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|
|
GST No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCR5130N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Flexible Intermediate Bulk Container and Intermediate Allied Products. [Registered Activity] |
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|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Rishi FIBC Solutions Private Limited was incorporated in the year 2007. It is a manufacturer of all kinds of Flexible Intermediate Bulk Container and Intermediate and Allied products. For the financial year2017, the revenue of the company has increased by 16.70% along with fair profit margin of 7.84%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. However, rating strengths are partially offset by high working capital intensity along with susceptibility of operating margins to volatile raw material prices and limited flexibility in re-pricing its products along with exposure to exchange rate fluctuation on its exports. Business is active. Payments seems to be regular. In view of aforesaid, 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 |
CARE |
|
Rating |
Long Term Bank Facilities=A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
04.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
04.01.2018 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 10.02.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Alok Rathi |
|
Designation : |
Deputy General Manager in Finance Department |
|
Contact No.: |
91-9328452991 |
|
Date : |
09.02.2018 |
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-2662-227100]
[Given number 91-265-2651636 is not working]
LOCATIONS
|
Registered Office: |
Indra Complex, 7th Floor, Sindhwai Mata Cross Road,
Manjalpur, Vadodara - 390004, Gujarat,
India |
|
Tel. No.: |
91-265-2630553 |
|
Mobile No.: |
91-9328452991 (Mr. Alok Rathi) |
|
Fax No.: |
91-265-2635870 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office/ Factory 1 : |
Mahuvad-Ranu Road, At Ranu (Padra), Dist. Vadodara-
391440, Gujarat, India |
|
Tel. No.: |
91-2662-227100/ 305000 |
|
Fax No.: |
91-2662-227215 |
|
|
|
|
Factory 2 : |
Thandya Industrail Area, Adakanahalli Village, Nanjangud, Mysore-571301, Karnataka, India |
|
Tel. No.: |
91-8221-229400 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Arvindkumar Narayanprasad Nopany |
|
Designation : |
Managing Director |
|
Address : |
11-A, Nilamber Bungalows-1, Sayed Vasna Road, Vadodara – 390015,
Gujarat, India |
|
Date of Birth/Age : |
29.03.1965 |
|
Qualification : |
B.Com,MBA from Armstrong University, California |
|
Date of Appointment : |
06.02.2007 |
|
PAN No : |
AAAPN8927F |
|
DIN No : |
00148521 |
|
|
|
|
Name : |
Mr. Joseph Fransis |
|
Designation : |
Whole-Time Director |
|
Address : |
77B Sobha Malachite, Jakkur, Bangalore - 560064, Karnataka, India |
|
Date of Birth/Age : |
31.05.1967 |
|
Qualification : |
Electrical Engineer and Post Graduate in Business and Industrial |
|
Date of Appointment : |
19.12.2007 |
|
PAN No : |
AABPF2281R |
|
DIN No.: |
01821357 |
|
|
|
|
Name : |
Mr. Rajesh Ramswaroop Gupta |
|
Designation : |
Director |
|
Address : |
42, Mamta Apartment Appasaheb, Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra, India |
|
Date of Birth/Age : |
09.02.1954 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
29.09.2015 |
|
PAN No.: |
AABPG8339D |
|
DIN No.: |
01762178 |
KEY EXECUTIVES
|
Name : |
Mr. Jaiprakash Saini |
|
Designation : |
Company Secretary |
|
Address : |
Near of Govt. Girls School, Ward No. 19 Losal, Sikar- 332025,
Rajasthan, India |
|
Date of Appointment : |
13.02.2017 |
|
PAN No.: |
FCZPS0319L |
|
|
|
|
Name : |
Mr. Alok Rathi |
|
Designation : |
Deputy General Manager in Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Arvindkumar N Nopany |
9168900 |
57.99 |
|
Harshad B. Patel |
100 |
0.00 |
|
Devyani Nopany |
40000 |
0.25 |
|
Rishi Nopany |
10000 |
0.06 |
|
Joseph Fransis |
2300000 |
14.55 |
|
Nalini Sekhsaria |
4000000 |
25.30 |
|
Rohit Trivedi |
46000 |
0.29 |
|
Ashutosh Roy |
120000 |
0.76 |
|
Moncy Jose |
90000 |
0.57 |
|
Alok Rathi |
36000 |
0.23 |
|
|
|
|
|
Total |
15811000 |
100.00 |
AS ON: 21.08.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
72.54 |
|
Public/Other than promoters – Others [other than promoter
and public] |
27.46 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Flexible Intermediate Bulk Container and Intermediate Allied Products. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Information declined by the Management |
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Bankers : |
· State Bank of India Mid Corporate Group Industrial Finance Branch,, Marble Arch, Race Course Circle,, Vadodara - 390007, Gujarat, India · HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India · Centurion Bank of Punjab Limited Productivity House, Productivity Road, Alkapuri, Vadodara - 390007, Gujarat, India |
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Facilities : |
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Auditors : |
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|
Name : |
S G Bhagwat and Company Chartered Accountants |
|
Address : |
116-118, Race Course Towers, Race Course South, Vadodara –
390007, Gujarat, India |
|
PAN No.: |
AAGFS0669H |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Garrison Polysacks Private Limited, India [U25209GJ1985PTC008002] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15811000 |
Equity Shares |
INR 10/- each |
INR 158.110
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
158.110 |
158.110 |
158.110 |
|
(b) Reserves and Surplus |
1153.473 |
901.382 |
596.917 |
|
(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) |
1311.583 |
1059.492 |
755.027 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
192.001 |
276.748 |
217.165 |
|
(b) Deferred tax liabilities (Net) |
51.433 |
51.090 |
27.714 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
19.101 |
14.457 |
12.391 |
|
Total Non-current
Liabilities (3) |
262.535 |
342.295 |
257.270 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
347.046 |
354.657 |
277.564 |
|
(b) Trade
payables |
159.682 |
95.050 |
87.315 |
|
(c) Other
current liabilities |
100.734 |
96.436 |
70.794 |
|
(d) Short-term
provisions |
68.752 |
43.500 |
47.017 |
|
Total Current
Liabilities (4) |
676.214 |
589.643 |
482.690 |
|
|
|
|
|
|
TOTAL |
2250.332 |
1991.430 |
1494.987 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
969.010 |
999.751 |
581.178 |
|
(ii)
Intangible Assets |
2.948 |
2.010 |
1.339 |
|
(iii) Tangible assets
capital work-in-progress |
30.157 |
7.434 |
112.670 |
|
(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 loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1002.115 |
1009.195 |
695.187 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
20.000 |
0.000 |
0.000 |
|
(b)
Inventories |
468.443 |
330.250 |
265.299 |
|
(c) Trade
receivables |
374.278 |
273.289 |
205.329 |
|
(d) Cash and
bank balances |
97.078 |
81.029 |
77.847 |
|
(e)
Short-term loans and advances |
221.116 |
184.474 |
240.741 |
|
(f) Other
current assets |
67.302 |
113.193 |
10.584 |
|
Total
Current Assets |
1248.217 |
982.235 |
799.800 |
|
|
|
|
|
|
TOTAL |
2250.332 |
1991.430 |
1494.987 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3227.628 |
2765.651 |
2345.556 |
|
|
Other Income |
11.746 |
24.056 |
23.937 |
|
|
TOTAL |
3239.374 |
2789.707 |
2369.493 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1773.007 |
1515.659 |
1467.167 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.452) |
(52.493) |
(86.563) |
|
|
Employee benefit expense |
474.302 |
402.740 |
257.866 |
|
|
Other expenses |
433.490 |
387.435 |
337.276 |
|
|
TOTAL |
2674.347 |
2253.341 |
1975.746 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
565.027 |
536.366 |
393.747 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
31.771 |
49.002 |
28.787 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
533.256 |
487.364 |
364.960 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
126.669 |
99.009 |
112.601 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
406.587 |
388.355 |
252.359 |
|
|
|
|
|
|
|
Less |
TAX |
153.496 |
121.104 |
85.392 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
253.091 |
267.251 |
166.967 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2859.156 |
2472.350 |
2088.727 |
|
|
TOTAL EARNINGS |
2859.156 |
2472.350 |
2088.727 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
397.407 |
349.274 |
194.475 |
|
|
Components and spare
parts |
22.743 |
12.294 |
5.830 |
|
|
Capital Goods |
34.342 |
79.560 |
13.513 |
|
|
TOTAL IMPORTS |
454.492 |
441.128 |
213.818 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
16.01 |
16.90 |
10.56 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
87.446 |
87.914 |
61.369 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
409.086 |
403.149 |
191.945 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
276.674 |
297.073 |
108.232 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
42.33 |
36.07 |
31.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.62 |
10.12 |
11.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
32.87 |
22.89 |
21.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.21 |
1.62 |
1.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.56 |
0.53 |
0.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.42 |
0.48 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.48 |
0.68 |
0.74 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.52 |
0.56 |
0.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.76 |
0.95 |
0.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
17.78 |
10.95 |
13.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.84 |
9.66 |
7.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.25 |
13.42 |
11.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.30 |
25.22 |
22.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.85 |
1.67 |
1.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.15 |
1.11 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.53 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.96 |
4.55 |
3.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.85 |
1.67 |
1.66 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
158.110 |
158.110 |
158.110 |
|
Reserves & Surplus |
596.917 |
901.382 |
1153.473 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
755.027 |
1059.492 |
1311.583 |
|
|
|
|
|
|
Long-term borrowings |
217.165 |
276.748 |
192.001 |
|
Short term borrowings |
277.564 |
354.657 |
347.046 |
|
Current maturities of
long-term debts |
61.369 |
87.914 |
87.446 |
|
Total
borrowings |
556.098 |
719.319 |
626.493 |
|
Debt/Equity
ratio |
0.737 |
0.679 |
0.478 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2345.556 |
2765.651 |
3227.628 |
|
|
|
17.910 |
16.704 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2345.556 |
2765.651 |
3227.628 |
|
Profit/ (Loss) |
166.967 |
267.251 |
253.091 |
|
|
7.12
% |
9.66
% |
7.84
% |
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) |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G55444731 |
10172479 |
State Bank of India |
13/08/2009 |
18/08/2017 |
- |
1141300000.0 |
INDUSTRIAL FINANCE BRANCH3RD AND 4TH FLOOR, MID TOWN HEIGHTS, JETALPUR ROADVADODARAGJ390007IN |
|
2 |
G55445712 |
10157478 |
State Bank of India |
27/03/2009 |
18/08/2017 |
- |
1141300000.0 |
INDUSTRIAL FINANCE BRANCH3RD AND 4TH FLOOR, MID TOWN HEIGHTS, JETALPUR ROADVADODARAGJ390007IN |
|
3 |
A59820803 |
10093723 |
Centurion Bank of Punjab Ltd. |
05/03/2008 |
- |
31/03/2009 |
237500000.0 |
Productivity House, Productivity RoadAlkapuriVadodaraGJ390007IN |
|
4 |
A59820902 |
10125850 |
HDFC BANK LIMITED |
15/10/2008 |
- |
31/03/2009 |
237500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
STATE OF COMPANIES
AFFAIR
During the year, the total income of the company was INR 3239.373 Million (Previous Year INR 2789.706 Million). The Profit after tax is INR 253.091 Million as compared to Previous year profit after tax of INR 267.251 Million. The company has adopted marketing strategies to be proximate with customers and provide value added services.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against
company not acknowledged as debt |
|
|
|
Guarantees |
24.900 |
19.750 |
|
Other money for which company is contingently liable |
33.246 |
50.487 |
|
|
|
|
|
Total |
58.146 |
70.237 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 records 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 records 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
|
INR |
|
US Dollar |
1 |
INR 64.37 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.