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MIRA INFORM REPORT
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Report No. : |
490987 |
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Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
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Name : |
NOVATIS HYGIENE PRODUCTS INDIA PRIVATE LIMITED |
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Registered
Office : |
33rd Floor, Sunshine Tower, Senapati Bapat Marg, Dadar
(West), Mumbai-400013, Maharashtra |
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Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as on)
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Not Available |
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Date of
Incorporation : |
21.07.2017 |
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Com. Reg. No.: |
11-297665 |
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Capital
Investment / Paid-up Capital : |
INR 40.740 Million |
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CIN No.: [Company Identification
No.] |
U36998MH2017PTC297665 |
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IEC No.: |
Not Divulged |
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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.] |
AAFCN7128N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Subject is engaged in the business of Manufacturing, Processing and Deal of all kinds and varieties of hygiene baby care products including baby wash, soap, shampoo, tear free shampoos, hair oil, baby cream, lotion, talc, wipes, wet wipes, massage oils, diaper rash cream, cotton ear buds, nappy pads, baby clothes, bottles, nipples, sterilizers, bottle warmers, baby monitors, plates, bowls, spoons, bottles, mild baby wash, bath tubs, towels, etc. [As per Memorandum of Association] |
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No. of Employees
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Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated in July 2017. Due to unavailability of contact details we were unable to contact the subject. No payment terms are known. In view of subject’s infancy and absence of any financial records, dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable. Note: Site visit was conducted at the registered address. Our executive has successfully traced the subject on the registered address but found the door lock. Our executive enquired with neighbour companies who claimed that the subject is situated on the premises. As per our executive’s observation, it is a 40 storey building and subject is situated on the 33rd floor. Locality seems to be commercial and area appears to be upmarket. Location was difficult to find and we have not sighted subject’s name board. |
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 13.02.2018.
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
UNABLE TO CONTACT THE COMPANY
LOCATIONS
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Registered Office : |
33rd Floor, Sunshine Tower, Senapati Bapat Marg, Dadar
(West), Mumbai-400013, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON: 06.07.2017
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Name : |
Mr. Javeri Chapshi Gangar |
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Designation : |
Director |
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Address : |
602/A,OM Residency, St.Xaviar Street, Opposite Bhoiwada Court,
Parel, Mumbai-400012, Maharashtra, India |
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Date of Appointment : |
21.07.2017 |
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DIN No.: |
07113325 |
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Name : |
Souheil Badaa |
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Designation : |
Director |
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Address : |
Lot Tazi Miloudi, Nr 84, Rue 7, Californie, Casablanca, Morocco
20000 MA |
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Date of Appointment : |
21.07.2017 |
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DIN No.: |
07863526 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 06.07.2017
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Names of Shareholders |
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No. of Shares |
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Norsudex SA |
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325000 |
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Novatis SA |
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325000 |
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Total |
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650000 |
AS ON: 14.11.2017
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Names of Allottees |
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No. of Shares |
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Norsudex SA |
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1711984 |
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Novatis SA |
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1711984 |
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Total |
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3423968 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Manufacturing, Processing and Deal of all kinds and varieties of hygiene baby care products including baby wash, soap, shampoo, tear free shampoos, hair oil, baby cream, lotion, talc, wipes, wet wipes, massage oils, diaper rash cream, cotton ear buds, nappy pads, baby clothes, bottles, nipples, sterilizers, bottle warmers, baby monitors, plates, bowls, spoons, bottles, mild baby wash, bath tubs, towels, etc. [As per Memorandum of Association] |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
Not Available |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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4150000 |
Equity Shares |
INR 10/- each |
INR 41.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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4073968 |
Equity Shares |
INR 10/- each |
INR 40.740
Million |
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FINANCIAL DATA
[all figures are
in INR Million]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
Yes |
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6 |
Contact numbers |
No |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
Yes |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
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Name of Company : |
NOVATIS HYGIENE PRODUCTS INDIA PRIVATE LIMITED |
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Address : |
33rd Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West),
Mumbai-400013, Maharashtra, India |
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Name Board : |
Not Sighted |
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Location: |
Difficult |
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Landmark (If Any): |
India Bulls |
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Total Floors of the Building : |
40 Floors |
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Subject situated on: |
33rd Floor |
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Locality: |
Commercial |
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Area : |
Upmarket |
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Neighbours Interview : |
Our executive enquired with neighbour companies who claimed that the subject is situated on the premises. |
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Proof of visit: |
Photos |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 64.28 |
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UK Pound |
1 |
INR 89.02 |
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Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
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Information Gathered
by : |
SHA |
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Analysis Done by
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PRY |
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Report Prepared
by : |
IND |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.