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MIRA
INFORM REPORT
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Report No. : |
495272 |
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Report Date : |
28.02.2018 |
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Email : |
IDENTIFICATION DETAILS
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Name : |
INVENTIA HEALTHCARE PRIVATE LIMITED (w.e.f. 16.03.2009) |
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Formerly Known
As : |
THEMIS LABORATORIES PRIVATE LIMITED (w.e.f. 18.03.2002) ANKUR PHARMACEUTICALS PRIVATE LIMITED |
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Registered
Office : |
Unit 703 and 704, 7th Floor, Hubtown Solaris, N S Phadke Marg, Andheri
(East), Mumbai – 400069, Maharashtra |
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Tel. No.: |
91- 22-67163000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
27.09.1985 |
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Com. Reg. No.: |
11-037597 |
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Capital
Investment / Paid-up Capital : |
INR 78.330 Million |
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CIN No.: [Company Identification
No.] |
U24239MH1985PTC037597 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TIN No.: |
27220000409 |
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PAN No.: [Permanent Account No.] |
AABCT5371R |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCT5371R1ZN |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing of pharmaceuticals formulations with focus developing value-added (Novel Drug Delivery Systems) single ingredients and novel combination products in the solid oral dosage forms. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 4819000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1985 and it is engaged in business of manufacturing pharmaceutical formulation. It is an old and established company having fine track record. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with good profit margin during the year. Rating reflects company’s sound financial profile marked by favourable profitability, good net worth base along with strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by established market position and extensive experience of the promoters in the pharmaceutical industry. However, these rating strengths gets partially offset by intense competition in the international market, and growing regulatory scrutiny in emerging market, along with growing competition, substantial investment in infrastructure and R&D which impact in profitability pressure amongst the major players. 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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 28.02.2018
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 DENIED BY
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Name : |
Mr. Sanjay |
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Designation : |
Not Divulged |
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Contact No.: |
91-22-67163000 |
Management non-cooperative (Tel No.: 91-22-67163600)
LOCATIONS
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Registered Office/ Corporate Office : |
Unit 703 and 704, 7th Floor, Hubtown Solaris, N S Phadke Marg, Andheri (East), Mumbai – 400069, Maharashtra, India |
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Tel. No.: |
91- 22-67163000 |
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Fax No.: |
91- 22-67163100 |
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E-Mail : |
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Website : |
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Thane Office : |
A-215, Road No. 30, Wagle Industrial Estate, Thane (West) – 400 604, Maharashtra, India |
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Tel. No.: |
91-22-67163600 |
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Manufacturing Site: |
F1-F1/1, Additional Ambernath, M.I.D.C., Ambernath (East),
District Thane - 421506, Maharashtra, India |
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Tel. No.: |
91-251-6614000 |
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Fax No.: |
91-251-6614100 |
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R&D Center: |
A-214, Road No. 30, Wagle Industrial Estate, Thane – 400604, Maharashtra, India |
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Tel. No.: |
91-22-67163400 |
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Fax No.: |
91-22-67163500 |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Janak Ramanlal Shah |
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Designation : |
Managing Director |
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Address : |
30, Saujanya, Vallabh Nagar Society, N. S. Road No.3, JVPD Scheme,
Vile Parle (West), Mumbai-400056, Maharashtra, India |
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Date of Birth/Age : |
19.11.1947 |
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Date of Appointment : |
01.11.1991 |
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PAN No.: |
AACPJ4006B |
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DIN No.: |
00019819 |
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Name : |
Mrs. Maya Janak Shah |
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Designation : |
Whole-Time Director |
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Address : |
30, Saujanya, Vallabh Nagar Society, N. S. Road No.3, JVPD Scheme,
Vile Parle (West), Mumbai-400056, Maharashtra, India |
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Date of Birth/Age : |
08.04.1950 |
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Date of Appointment : |
27.09.1985 |
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PAN No.: |
AANPS8887N |
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DIN No.: |
00019904 |
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Name : |
Mr. Ankur Janak Shah |
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Designation : |
Director |
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Address : |
30, Saujanya, Vallabh Nagar Society, N. S. Road No.3, JVPD Scheme,
Vile Parle (West), Mumbai-400056, Maharashtra, India |
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Date of Birth/Age : |
27.10.1977 |
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Date of Appointment : |
04.07.2008 |
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PAN No.: |
AALPS9153R |
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DIN No.: |
01656781 |
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Other
Directorship:
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Name : |
Dr. Prabuddha Prabodhranjan Ganguli |
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Designation : |
Director |
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Address : |
201 Sunview Heights 262 Sher- E- Punjab, Andheri (East),
Mumbai-400093, Maharashtra, India |
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Date of Birth/Age : |
23.06.1948 |
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Date of Appointment : |
04.06.2010 |
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DIN No.: |
03091961 |
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Other
Directorship:
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Name : |
Mr. Sri Krishna Akkipeddi |
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Designation : |
Director |
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Address : |
1347-C-1, First Floor, Vasant Kunj, New Delhi-110070, India |
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Date of Birth/Age : |
18.03.1956 |
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Date of Appointment : |
04.07.2008 |
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DIN No.: |
07498771 |
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Other
Directorship:
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Name : |
Mr. Bharat Bakhshi |
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Designation : |
Nominee Director |
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Address : |
Villa No. 284, Block-Y, Tatvam Villas, Sector-48, Sohna Road,
Gurugram-122018, Haryana, India |
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Date of Birth/Age : |
05.09.1968 |
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Date of Appointment : |
04.07.2008 |
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DIN No.: |
01381524 |
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Other
Directorship:
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KEY EXECUTIVES
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Name : |
Ms. Rupa D Desai |
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Designation : |
Company Secretary |
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Address : |
Flat No 1, Archana CHS Tagore Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Birth/Age : |
02.04.1972 |
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Date of Appointment : |
19.07.2010 |
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PAN No.: |
ADKPR1935N |
MAJOR SHAREHOLDERS
As on 02.06.2017
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Names of Shareholders |
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No. of Shares |
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Janak Ramanlal Shah |
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3254350 |
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Maya Janak Shah |
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2720650 |
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Ankur Janak Shah |
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12500 |
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Vishal Janak Shah |
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12000 |
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Gaurang Hasmukhlal Thanawala |
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100 |
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Daksha Gaurang Thanawala |
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100 |
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Sachi Gaurang Thanawala |
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100 |
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Dwiti Gaurang Thanawala |
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100 |
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Varun Gaurang Thanawala |
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100 |
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NYLIM Jacob Ballas India Fund III LLC and its Affiliates |
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1833000 |
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Total |
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7833000 |
Equity Share Break up (Percentage of Total Equity)
As on 02.06.2017
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Category |
Percentage |
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Promoters (Individual/Hindu Undivided Family – Indian) |
76.28 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.01 |
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Public/Other than promoters (Others - Promoter Relatives/ Foreign Company) |
23.71 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the manufacturing of pharmaceuticals formulations with focus developing value-added (Novel Drug Delivery Systems) single ingredients and novel combination products in the solid oral dosage forms. (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 : |
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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
SRBC and Company LLP Chartered Accountants |
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Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 02.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
7833000 |
Equity Shares |
INR 10/- each |
INR 78.330 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
78.330 |
78.330 |
78.330 |
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(b) Reserves and Surplus |
1608.274 |
1421.745 |
1306.692 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
1686.604 |
1500.075 |
1385.022 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
202.120 |
228.179 |
247.036 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long-term
liabilities |
18.965 |
3.269 |
9.808 |
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(d) long-term
provisions |
8.866 |
15.091 |
10.039 |
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Total Non-current
Liabilities (3) |
229.951 |
246.539 |
266.883 |
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(4)
Current Liabilities |
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(a) Short-term
borrowings |
246.890 |
305.147 |
122.585 |
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(b) Trade
payables |
402.152 |
336.866 |
240.339 |
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(c) Other
current liabilities |
149.101 |
123.141 |
144.843 |
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(d) Short-term
provisions |
1.494 |
65.976 |
26.064 |
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Total Current
Liabilities (4) |
799.637 |
831.130 |
533.831 |
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TOTAL |
2716.192 |
2577.744 |
2185.736 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
915.660 |
1088.496 |
1060.443 |
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(ii)
Intangible Assets |
82.163 |
72.163 |
9.744 |
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(iii) Tangible assets
capital work-in-progress |
43.659 |
7.077 |
7.979 |
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(iv)
Intangible assets under development |
380.594 |
327.569 |
330.791 |
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(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d)
Long-term loans and advances |
63.561 |
50.807 |
51.313 |
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(e) Other
Non-current assets |
107.627 |
5.041 |
3.783 |
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Total Non-Current
Assets |
1593.289 |
1551.178 |
1464.078 |
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(2)
Current assets |
|
|
|
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(a)
Current investments |
4.414 |
0.000 |
0.000 |
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(b)
Inventories |
488.210 |
444.873 |
353.385 |
|
(c) Trade
receivables |
471.896 |
435.401 |
251.478 |
|
(d) Cash and
bank balances |
19.099 |
40.245 |
36.196 |
|
(e)
Short-term loans and advances |
138.011 |
104.894 |
79.232 |
|
(f) Other
current assets |
1.273 |
1.153 |
1.367 |
|
Total
Current Assets |
1122.903 |
1026.566 |
721.658 |
|
|
|
|
|
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TOTAL |
2716.192 |
2577.744 |
2185.736 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
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|
|
|
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Revenue
from operations |
2660.566 |
2338.614 |
1996.524 |
|
|
Other Income |
30.068 |
62.830 |
35.315 |
|
|
TOTAL |
2690.634 |
2401.444 |
2031.839 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
916.392 |
785.516 |
646.668 |
|
|
Purchases of
Stock-in-Trade |
364.800 |
435.822 |
386.198 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
9.022 |
(32.429) |
(26.048) |
|
|
Employee benefit expense |
438.972 |
411.604 |
370.847 |
|
|
Exceptional items |
0.000 |
0.000 |
27.766 |
|
|
CSR expenditure |
1.700 |
1.010 |
0.000 |
|
|
Other expenses |
578.772 |
440.153 |
401.752 |
|
|
TOTAL |
2309.658 |
2041.676 |
1807.183 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
380.976 |
359.768 |
224.656 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
33.023 |
53.991 |
24.147 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
347.953 |
305.777 |
200.509 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
110.816 |
99.580 |
98.110 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
237.137 |
206.197 |
102.399 |
|
|
|
|
|
|
|
Less |
TAX |
50.609 |
44.005 |
21.272 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
186.528 |
162.192 |
81.127 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
23.81 |
20.71 |
10.36 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
110.277 |
108.532 |
125.774 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
370.867 |
100.663 |
90.069 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
64.74 |
67.96 |
45.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.64 |
5.37 |
7.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
114.57 |
100.67 |
84.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.78 |
0.81 |
0.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.27 |
0.24 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.41 |
0.45 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.33 |
0.43 |
0.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.47 |
0.55 |
0.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.84 |
1.00 |
1.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
11.54 |
6.66 |
9.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.01 |
6.94 |
4.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.87 |
6.29 |
3.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.06 |
10.81 |
5.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.40 |
1.24 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
0.70 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.62 |
0.58 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.14 |
8.19 |
6.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.40 |
1.24 |
1.35 |
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 |
78.330 |
78.330 |
78.330 |
|
Reserves & Surplus |
1306.692 |
1421.745 |
1608.274 |
|
Net
worth |
1385.022 |
1500.075 |
1686.604 |
|
|
|
|
|
|
long-term borrowings |
247.036 |
228.179 |
202.120 |
|
Short term borrowings |
122.585 |
305.147 |
246.890 |
|
Current maturities of long-term
debts |
125.774 |
108.532 |
110.277 |
|
Total
borrowings |
495.395 |
641.858 |
559.287 |
|
Debt/Equity
ratio |
0.358 |
0.428 |
0.332 |
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 |
1996.524 |
2338.614 |
2660.566 |
|
|
|
17.134 |
13.767 |
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 |
1996.524 |
2338.614 |
2660.566 |
|
Profit |
81.127 |
162.192 |
186.528 |
|
|
4.06% |
6.94% |
7.01% |
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 |
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 |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Unit S-4, Khira Industrial Premises Co Opeartive Society Limited, B M Bhargava Road, Santacruz (West), Mumbai-400054, Maharashtra, India to the present address w.e.f. 01.12.2012
CORPORATE INFORMATION
The Company, incorporated in 1985 is engaged in the manufacturing of pharmaceuticals formulations with focus developing value-added (Novel Drug Delivery Systems) single ingredients and novel combination products in the solid oral dosage forms.
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G47090378 |
100105993 |
HDFC BANK LIMITED |
08/06/2017 |
500000000.0 |
SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G47011275 |
100105729 |
HDFC BANK LIMITED |
07/06/2017 |
500000000.0 |
SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
G07564495 |
100038740 |
HDFC BANK LIMITED |
04/07/2016 |
125000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G07508203 |
100038538 |
HDFC BANK LIMITED |
23/06/2016 |
125000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
C59791806 |
10581860 |
HDFC BANK LIMITED |
14/07/2015 |
200000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
C57778987 |
10577619 |
HDFC BANK LIMITED |
16/06/2015 |
200000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
7 |
C28817997 |
10525059 |
HDFC Bank Limited |
13/10/2014 |
125000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
8 |
C28300317 |
10524647 |
HDFC Bank Limited |
25/09/2014 |
125000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
9 |
B78544640 |
10434417 |
11/06/2013 |
300000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
|
|
10 |
B74503897 |
10423953 |
09/04/2013 |
300000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST) MUMBAI MAHARASHTRA 400013 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Disputed Excise Duty Liability (only penalty) |
5.239 |
5.239 |
|
Disputed Service Tax Liability (including penalty) |
6.427 |
6.427 |
|
Total |
11.666 |
11.666 |
FIXED ASSETS
- Land
- Buildings
- Furniture and
Fixture
- Plant and equipment
- Vehicles
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 64.85 |
|
UK Pound |
1 |
INR 79.97 |
|
Euro |
1 |
INR 90.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
NO |
|
--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.
·