MIRA INFORM REPORT

 

 

Report No. :

492208

Report Date :

17.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PARLE ELIZABETH TOOLS PRIVATE LIMITED

 

 

Registered Office :

Plot No.9, Gala No.2, 102 and 202, Rajvidesh Building, Prime Industrial Complex, Sativili Road, Waliv, Vasai Road (East), Thane-401208, Maharashtra

Tel. No.:

91-250-2454770 / 6635757

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

27.06.2008

 

 

Com. Reg. No.:

11-184067

 

 

Capital Investment / Paid-up Capital :

INR 1.557 Million

 

 

CIN No.:

[Company Identification No.]

U51504MH2008PTC184067

 

 

 

IEC No.:

0308053222

 

 

GSTIN:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECP7357A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing of pharmaceutical Tools and Machines (Registered Activity)

 

 

No. of Employees :

Not Available

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Maximum Credit Limit :

USD 1000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2008.

 

“Elizabeth Carbide Die Co. Inc” USA holds 50% stake in the company and 37.50% is held by “Parle Global Technologies Private Limited, India”.

 

For the financial year 2017, the company has achieved revenue growth of 7.95% as compared to the previous year along with an average profit margin of 7.24%.

 

Rating takes into consideration the strong financial risk profile of the company marked by adequate net worth base and strong debt protection metrics due to negligible debt balance sheet profile.

 

Rating also takes into account the strong financial and managerial support that company receives from its holding entity backed by its well experienced management team.

 

Payment seems to be regular.

 

In view of aforesaid, the company can be considered good 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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 17.02.2018

 

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.

 

LOCATIONS

 

Registered Office/ Tooling Division 1/ Unit 1 :

Plot No.9, Gala No.2, 102 and 202, Rajvidesh Building, Prime Industrial Complex, Sativili Road, Waliv, Vasai Road (East), Thane-401208, Maharashtra, India

Tel. No.:

91-250-2454770 / 6635757 / 6632400 / 6456838 / 40 / 45

Fax No.:

91-250-2452842

E-Mail :

info@parle-elizabeth.com

exports@parle-elizabeth.com  

Website :

http://www.parle-elizabeth.com

 

 

Tooling Division 2:

Plot No. PE-37, BOL GIDC, Sanand-II Sanand, Ahmedabad-382110, Gujarat, India

 

 

Unit 2 :

[Tablet Compression Division]

Plot No. PE-40, Near Rasulpura Village, BOL GIDC, Sanand-II, District, Ahmedabad -  382170, Gujarat, India

 

 

Branch Office 1 :

Artic Square Co-Operative Housing Society, B-Wing, 1st Floor, Flat No.F-3, Behind to Hotel Swagat Pure Veg, Bolepand, Ambaji, Margao, Salcete, Goa, India

 

 

Branch Office 2 :

2nd Floor, No.13\2, Katha No.04, Venkata Reddy Layout, 80 Ft Road, 6th Block, Koramangala, Bangalore – 560095, Karnataka, India

Tel. No.:

91-80-65322255

 

 

Branch Office 3 :

No.21/24, First Floor, Kanchi Natrajan Street, Vasudevan Nagar, Jafferkhanpet,
Chennai – 600083, Tamilnadu, India

 

 

Branch Office 4 :

House No.396, B/ B-2, Officers Colony, Bitna Road, Pinjore, District Panchkula, Harayana, India

Tel. No.:

91-173-3230624

 

 

Branch Office 5 :

Flat No:101, Deepti Chambers, Near Water Tank, Tar Naka, Secundrabad -  500017, Telangana, India

 

 

Branch Office 6 :

House No 15/3, 3rd Floor, Upper Bazar, Rangpo – (East)  737132, Sikkim, India

           

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Mahendra Rajmal Mehta

Designation :

Managing Director

Address :

702, Prangan, TPS V, 15, Malviya Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India.

Date of Birth/Age :

26.12.1972

Date of Appointment :

07.07.2008

DIN No.:

00266038

Other directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U24239MH1983PTC031397

PARLE GLOBAL TECHNOLOGIES PRIVATE LIMITED

01/04/1995

-

U29253MH2013PTC242037

PARLE KOVAI MACHINERY PRIVATE LIMITED

18/04/2013

-

U29253MH2014PTC258985

PARLE LEEPACK MACHINERY PRIVATE LIMITED

30/10/2014

-

U29290MH2000NPL127775

INSTITUTE OF PACKAGING MACHINERY MANUFACTURERS OF INDIA

16/09/2016

-

U29297MH2005PTC158506

PARLE TOOLS INTERNATIONAL PRIVATE LIMITED

30/12/2005

-

U72900MH2013PTC244705

CNCTIMES PRIVATE LIMITED

15/05/2017

-

U74999MH2017NPL293512

PARLE WORLDWIDE FOUNDATION

06/04/2017

-

 

 

Name :

Mr. Rajmal Lavji Mehta

Designation :

Director

Address :

702, Prangan, TPS V, 15, Malviya Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India.

Date of Birth/Age :

14.04.1947

Date of Appointment :

27.06.2008

DIN No.:

00265958

Other directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U24239MH1983PTC031397

PARLE GLOBAL TECHNOLOGIES PRIVATE LIMITED

21/11/1983

-

U29253MH2013PTC242037

PARLE KOVAI MACHINERY PRIVATE LIMITED

18/04/2013

-

U29253MH2014PTC258985

PARLE LEEPACK MACHINERY PRIVATE LIMITED

30/10/2014

-

U29297MH2005PTC158506

PARLE TOOLS INTERNATIONAL PRIVATE LIMITED

30/12/2005

-

U74999MH2017NPL293512

PARLE WORLDWIDE FOUNDATION

06/04/2017

-

 

 

Name :

Mr. Alokchandra Abinashchandra Gupta

Designation :

Director

Address :

Flat No 2, 1st Floor, Rasbh Avan, Plot No.159, Sector 28, Vashi, Navi Mumbai – 400 703, Maharashtra, India

Date of Birth/Age :

30.08.1965

Date of Appointment :

23.06.2009

DIN No.:

00764478

Other directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U01120MP1996PTC010571

INDUS EXIMTECH PRIVATE LIMITED

16/03/2009

-

 

 

Name :

Mr. David A Keefer

Designation :

Director

Address :

412, Arden Drive, Monro Ville, 15146, U.S.A.

Date of Birth/Age :

18.09.1948

Date of Appointment :

23.06.2009

DIN No.:

02261308

 

 

KEY EXECUTIVES

 

Name :

N L Bhatia and Associates

Designation :

Practicing Company Secretaries

Tel. No.:

91-22-25100718/ 25100698

E-Mail :

navnitlb@hotmail.com

brupadhyay@hotmail.com

Website :

www.nlba.in

 

 

MAJOR SHAREHOLDERS

 

AS ON 27.09.2017

 

Names of Shareholders

No. of Shares

Rajmal Lavji Mehta

9731

Mahendra Rajmal Mehta

9721

Mahendra* Rajmal Mehta

10

Parle Global Technologies Private Limited , India

58391

Elizabeth Carbide Die Co. Inc, USA

77853

Total

155706

*Being noimnee of parle Global

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 27.09.2017

 

Category

Percentage

Promoters – (Individual/Hindu Undivided Family-Indian)

12.50

Promoters- (Bodies corporate)

87.50

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of pharmaceutical Tools and Machines (Registered Activity)

 

 

Products :

Item Code No.

Product Description

85438939

Manufacturing of pharmaceutical Tools and Machines

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Available

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Available

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Available

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Available

 

 

Bankers :

Banker Name

HDFC Bank Limited

Branch Address

HDFC Bank House Senapati Bapat Marg Lower Parel (West), Mumbai-400013, Maharashtra., India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

From Banks

 

 

Term Loan

(Terms of Repayment

Repayable with in one year INR 36.722 million)

Terms of Repayment: 5 years)

76.441

72.053

Vehicle Loan

Terms of Repayment :

Repayable with in one year INR 0.265 million) Terms of Repayment: 3 years

1.177

0.000

SBLC Loan HDFC Bank

92.395

94.525

SHORT TERM BORROWING

 

 

Working Capital Loans

 

 

From Banks

 

 

Cash Credit

98.279

49.709

Buyers Credit (Foreign Currency Loan)

89.528

43.348

Working Capital Term Loan HDFC Bank

7.792

 

Total

365.612

259.635

 

Auditors :

 

Name :

M. L. Sharma and Company

Chartered Accountants

Address :

Maheshwari Sadan, Jayendra Ganj, Gwalior-474001, Madhya Pradesh, India

Tel. No.:

91-751-2320120/ 2320707

E-Mail :

spect2576@rediffmail.com

Income-tax PAN of auditor or auditor's firm :

AAGFM8177N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates :
  • Parle Properties
  • Parle Global Technologies Private Limited
  • Parle Kovai Machinery Private Limited
  • CNC Times Private Limited
  • PSM Engineers Industries
  • Elizabeth Carbide Die Co.- United States of America
  • Elizabeth EPMO S.A.S.
  • Elizabeth Carbide of North Carolina
  • Elizabeth Carbide Europe
  • Elizabeth scheu and Kniss
  • Elizabeth -Hata Int. Inc.
  • Hangzhou Elizabeth - Dmpt. Co. Limited
  • Spectrum Technologies

 

CAPITAL STRUCTURE

 

AS ON 27.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

INR 10/- each

INR 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

155706

Equity Shares

INR 10/- each

INR 1.557 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

1.557

1.557

1.557

(b) Reserves & Surplus

363.166

297.063

246.209

(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)

364.723

298.620

247.766

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

222.013

183.578

40.117

(b) Deferred tax liabilities (Net)

6.434

21.329

15.980

(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)

228.447

204.907

56.097

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

195.599

93.057

93.347

(b) Trade payables

272.757

170.145

155.568

(c) Other current liabilities

94.135

62.274

26.485

(d) Short-term provisions

38.560

50.557

40.297

Total Current Liabilities (4)

601.051

376.033

315.697

 

 

 

 

TOTAL

1194.221

879.560

619.560

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

546.822

326.660

227.295

(ii) Intangible Assets

6.101

7.865

5.643

(iii) Capital work-in-progress

25.145

83.885

12.014

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

13.575

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

23.017

17.436

12.187

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

601.085

435.846

270.714

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

272.664

158.155

109.553

(c) Trade receivables

207.729

182.644

138.627

(d) Cash and cash equivalents

27.110

26.494

22.615

(e) Short-term loans and advances

85.633

76.421

78.051

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

593.136

443.714

348.846

 

 

 

 

TOTAL

1194.221

879.560

619.560

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Revenue from Operations

915.612

848.161

690.241

 

Other Income

29.793

25.179

17.607

 

TOTAL

945.405

873.340

707.848

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

343.489

259.053

211.519

 

Purchases of Stock-in-Trade

0.135

0.082

1.418

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(110.195)

(1.774)

9.076

 

Employees benefits expense

224.504

179.506

136.007

 

Other expenses

374.177

321.962

282.602

 

CSR Expenditure

0.234

0.111

0.572

 

TOTAL

832.344

758.940

641.194

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION 

113.061

114.400

66.654

 

 

 

 

 

Less

FINANCIAL EXPENSES

24.434

14.307

7.849

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

88.627

100.093

58.805

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

34.508

24.677

21.220

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

54.119

75.416

37.585

 

 

 

 

 

Less

TAX

(12.212)

24.334

12.357

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

66.331

51.082

25.228

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

324.988

352.886

284.144

 

Commission on Sale

0.185

1.679

1.704

 

TOTAL EARNINGS

325.173

354.565

285.848

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

21.657

8.200

3.344

 

Consumable Stores

2.660

2.712

1.855

 

Capital Goods

84.451

23.428

28.020

 

TOTAL IMPORTS

108.768

34.340

33.219

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

426.00

328.06

176.13

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

36.988

26.902

7.627

Cash generated from operations

92.726

78.188

NA

Net cash from operating Activities

82.366

63.119

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

[Sundry Debtors / Income * 365]

82.81

78.60

73.31

 

 

 

 

Account Receivables Turnover

[Income / Sunday Debtors]

4.41

4.64

4.98

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

289.72

239.65

266.66

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.41

0.72

0.61

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.20

0.27

0.27

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.72

0.67

0.59

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.25

1.02

0.57

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.65

1.26

1.27

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

1.58

1.40

0.99

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

4.63

8.00

8.49

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

PAT to Sales

((PAT / Sales) * 100)

%

7.24

6.02

3.65

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

5.55

5.81

4.07

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

18.19

17.11

10.18

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

0.99

1.18

1.11

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.53

0.76

0.76

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.31

0.34

0.40

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

291.97

194.95

90.62

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

0.99

1.18

1.11

 

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

1.557

1.557

1.557

Reserves & Surplus

246.209

297.063

363.166

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

247.766

298.620

364.723

 

 

 

 

long-term borrowings

40.117

183.578

222.013

Short term borrowings

93.347

93.057

195.599

Current maturities of long-term debts

7.627

26.902

36.988

Total borrowings

141.091

303.537

454.600

Debt/Equity ratio

0.569

1.016

1.246

 

 

 

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

690.241

848.161

915.612

 

 

22.879

7.953

 

 

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

690.241

848.161

915.612

Profit

25.228

51.082

66.331

 

3.65%

6.02%

7.24%

 

 

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

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

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

No

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

 

 

OPERATION AND FUTURE.PROSPECTS:

During the year the company total revenue from operation increased to INR 915.612 million from INT 848.161 million. Profit after tax has registered a net profit of INR 66.331 million is increase as compare to INR 51.082 million in the previous year.

 

UNSECURED LOAN

(INR In Million)

 

Particulars

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

From Directors

52.000

17.000

Total

52.000

17.000

 

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G09161837

100043730

HDFC BANK LIMITED

16/07/2016

-

-

27445000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA

2

G07087323

100037174

TATA CAPITAL FINANCIAL SERVICES LIMITED

14/06/2016

-

-

7000000.0

ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI -  400001, MAHARASHTRA, INDIA

3

C72198609

10530415

HDFC BANK LIMITED

13/10/2014

26/11/2015

-

50000000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA

4

G12120606

10513937

HDFC BANK LIMITED

08/08/2014

31/08/2016

-

256825000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA

5

G12120580

10240291

HDFC BANK LIMITED

31/08/2010

01/09/2016

-

591285000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA

6

A95799565

10168766

Bank of Baroda

07/07/2009

-

21/09/2010

71356000.0

VILE PARLE (WEST) BRANCH, SOMAIYA SADAN, D. J. ROAD, VILE PARLE WEST, MUMBAI – 400056, MAHARASHTRA, INDIA

7

A95799292

10193438

Bank of Baroda

17/12/2009

-

21/09/2010

15000000.0

VILE PARLE (WEST) BRANCH, SOMAIYA SADAN, D. J. ROAD, VILE PARLE WEST, MUMBAI – 400056, MAHARASHTRA, INDIA

8

A95799441

10168765

Bank of Baroda

10/07/2009

-

21/09/2010

71356000.0

VILE PARLE (WEST) BRANCH, SOMAIYA SADAN, D. J. ROAD, VILE PARLE WEST, MUMBAI – 400056, MAHARASHTRA, INDIA

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2017

31.03.2016
  1. Guarantees

 

 

Guarantees to Customs Department against the Custom Duty

0.000

0.050

Outstanding Guarantees furnished to Banks in respect of Letter of credit

 

 

For Purchase of Goods

7.345

0.428

For Capital Goods

0.000

50.583

Performance and Advance Bank Guarantee in respect of Customer

1.699

3.149

 

 

FIXED ASSETS

 

Tangible Assets

 

·         Plant and Machinery

·         Revaluation - Plant and Machinery

·         Electrical Installations

·         Air Conditioner

·         Generator

·         Tools and Equipment

·         Vehicle

·         Office Equipment

·         Computers

·         Furniture and Fixtures

 

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, 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 64.28

UK Pound

1

INR 89.02

Euro

1

INR 78.93

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

RKI

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.