|
|
|
MIRA INFORM REPORT
|
Report No. : |
487868 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
HARDCASTLE PETROFER PRIVATE LIMITED (w.e.f. 21.02.2006) |
|
|
|
|
Formerly Known
As : |
HHIL LUBRICANTS PRIVATE LIMITED |
|
|
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Registered
Office : |
10, Kitab Mahal, 2nd Floor, 192, Dr. D.N. Road, Fort,
Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-23686617 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
25.10.2004 |
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|
|
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Com. Reg. No.: |
11-149240 |
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|
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Capital
Investment / Paid-up Capital : |
INR 8.462 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2004PTC149240 |
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|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
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GSTIN/UIN: |
27AABCH5032R1Z9 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCH5032R |
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|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
150 (Approximately) |
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 2004 having
good track. For the financial year 2017, the company has witnessed a growth in its
revenue and has achieved fair profit margin at 3.27 (approx.) The company possesses sound financial profile marked by healthy net
worth base along with negligible debt recorded by the company. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. 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
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 25.01.2018
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 PARTED BY (GENERAL DETAILS) /
|
Name : |
Mr. Deepak Gupta |
|
Designation : |
Accountant |
|
Contact No.: |
91-260-2780377 |
|
Date : |
24.01.2018 |
LOCATIONS
|
Registered Office : |
10, Kitab Mahal, 2nd Floor, 192, Dr. D.N. Road, Fort,
Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-23686617/18 |
|
Fax No.: |
91-22-23684644 |
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E-Mail : |
|
|
Website : |
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|
|
|
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Factory : |
Plot No. 1906,
1908, 1910 & 1912, GIDC Phansa Road, Sarigam, District Valsad - 396 155,
Gujarat, India |
|
Tel. No.: |
91-260-2780377 |
|
Fax No.: |
91-260-2780664 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amit Jatia |
|
Designation : |
Director |
|
Address : |
Flat No.1, Ground Floor, Avanti, 67-A, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1967 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
00016871 |
|
|
|
|
Name : |
Shatadru Sengupta |
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Designation : |
Director |
|
Address : |
Emp-34, Flat 101, Neptune Co.Op.Hsg. Soc. Limited Evershine's Millennium Paradise, Thakur Village, Kandivali-400101, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1969 |
|
Qualification : |
B.E. (Mech); FCS; LLM; Ph.D (Law); MBS (OPS) |
|
Date of Appointment : |
25.10.2015 |
|
DIN No.: |
00291695 |
|
|
|
|
Name : |
Constantin Heinz Marcus Fischer |
|
Designation : |
Director |
|
Address : |
Mozartstrasse 20 Hildesheim 31141 De |
|
Date of Birth/Age : |
08.06.1956 |
|
Qualification : |
Graduate; Diploma in Industrial Business Administration |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
02674171 |
|
|
|
|
Name : |
Mrs. Achal Jatia |
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Designation : |
Director |
|
Address : |
Flat No.1, Ground Floor, Avanti, 67-A, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1971 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
16.11.2015 |
|
DIN No.: |
03587681 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Gupta |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Lalita Devi Jatia and Banwarilal Jatia |
|
178700 |
|
Usha Devi Jatia and Banwarilal Jatia |
|
168700 |
|
Ayush Jatia and Smita Jatia |
|
52175 |
|
Akshay Jatia and Smita Jatia |
|
52175 |
|
Petrofer GmbH, Germany |
|
220000 |
|
Horizon Impex Private Limited, India |
|
20 |
|
Vishwas Investments and Trading Co. Private Limited, India |
|
10 |
|
Amit Jatia HUF |
|
10 |
|
Anurag Jatia and Banwarilal Jatia |
|
104350 |
|
Achal Exim Private Limited, India |
|
70000 |
|
Saubhagya Impex Private Limited, India |
|
10 |
|
Ambika Trading Co. Private Limited, India |
|
10 |
|
Total |
|
846160 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
53.39 |
|
Promoters- Individual/Hindu Undivided Family- (Non-resident Indian (NRI)) |
12.33 |
|
Promoters- Body corporate |
8.28 |
|
Public/Other than promoters- Others |
26.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business
: |
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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 : |
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Products : |
Finished Goods |
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Countries : |
Bangladesh |
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Imports : |
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Products : |
Raw materials |
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Countries : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
Khare and Company Chartered Accountants |
|
Address : |
Mini Apartment, 795, Bhandarkar Road, Pune – 411004, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ADWPS9180J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Control : |
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Associate : |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
846160 |
Equity Shares |
INR 10/- each |
INR 8.461 Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.462 |
8.462 |
8.462 |
|
(b) Reserves and Surplus |
667.895 |
597.667 |
493.890 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
676.357 |
606.129 |
502.352 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.406 |
0.550 |
0.437 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.406 |
0.550 |
0.437 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
89.232 |
168.781 |
131.137 |
|
(b) Trade
payables |
20.726 |
4.524 |
2.791 |
|
(c) Other
current liabilities |
50.920 |
47.301 |
28.412 |
|
(d) Short-term
provisions |
8.515 |
8.055 |
27.124 |
|
Total Current
Liabilities (4) |
169.393 |
228.661 |
189.464 |
|
|
|
|
|
|
TOTAL |
846.156 |
835.340 |
692.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
125.698 |
77.157 |
75.967 |
|
(ii)
Intangible Assets |
2.266 |
2.692 |
1.133 |
|
(iii) Tangible assets
capital work-in-progress |
1.445 |
3.393 |
0.071 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.176 |
1.176 |
1.176 |
|
(c) Deferred tax assets (net) |
7.133 |
10.184 |
8.268 |
|
(d)
Long-term loans and advances |
11.407 |
9.934 |
6.196 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
149.125 |
104.536 |
92.811 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
260.581 |
291.060 |
209.139 |
|
(c) Trade
receivables |
365.375 |
365.532 |
329.888 |
|
(d) Cash and
bank balances |
32.052 |
16.760 |
24.218 |
|
(e) Short-term
loans and advances |
39.023 |
57.452 |
36.197 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
697.031 |
730.804 |
599.442 |
|
|
|
|
|
|
TOTAL |
846.156 |
835.340 |
692.253 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2148.584 |
1993.775 |
1640.777 |
|
|
Other Income |
18.751 |
7.838 |
9.837 |
|
|
TOTAL |
2167.335 |
2001.613 |
1650.614 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
978.922 |
944.405 |
856.610 |
|
|
Purchases of
Stock-in-Trade |
138.628 |
157.011 |
136.485 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.869 |
(43.999) |
12.419 |
|
|
Employee benefit expense |
145.972 |
134.141 |
114.433 |
|
|
CSR expenditure |
3.675 |
2.561 |
0.200 |
|
|
Other expenses |
763.989 |
625.851 |
397.290 |
|
|
Prior period items before tax |
(1.297) |
(0.393) |
(0.019) |
|
|
TOTAL |
2034.758 |
1819.577 |
1517.418 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
132.577 |
182.036 |
133.196 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.676 |
3.998 |
9.347 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
126.901 |
178.038 |
123.849 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.456 |
12.314 |
(0.821) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
113.445 |
165.724 |
124.670 |
|
|
|
|
|
|
|
Less |
TAX |
43.217 |
59.910 |
41.434 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.228 |
105.814 |
83.236 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
3.861 |
0.084 |
301.516 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
70.000 |
100.000 |
364.300 |
|
|
Interim Dividend / Dividend |
0.000 |
1.692 |
16.923 |
|
|
Dividend Distribution Tax |
0.000 |
0.345 |
3.445 |
|
|
Balance
Carried to the B/S |
4.089 |
3.861 |
0.084 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
7.702 |
4.936 |
2.129 |
|
|
Commission |
0.165 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
7.867 |
4.936 |
2.129 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
156.837 |
192.228 |
199.861 |
|
|
Trade Purchases |
0.000 |
0.000 |
0.346 |
|
|
Capital Goods |
0.861 |
0.000 |
1.576 |
|
|
Stores & Spares/Repairs |
0.157 |
0.000 |
0.142 |
|
|
R & D Chemicals |
0.444 |
0.733 |
0.546 |
|
|
TOTAL
IMPORTS |
158.299 |
192.961 |
202.471 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
82.99 |
125.05 |
98.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
191.095 |
65.663 |
61.074 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
150.748 |
(6.159) |
16.594 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
62.07 |
66.92 |
73.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.88 |
5.45 |
4.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
6.77 |
1.50 |
1.03 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.63 |
0.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.02 |
2.19 |
1.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.20 |
0.27 |
0.27 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.13 |
0.28 |
0.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.25 |
0.38 |
0.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.14 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
23.36 |
45.53 |
14.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.27 |
5.31 |
5.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.30 |
12.67 |
12.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.38 |
17.46 |
16.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.11 |
3.20 |
3.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.58 |
1.92 |
2.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.80 |
0.73 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.55 |
19.95 |
15.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.11 |
3.20 |
3.16 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
8.462 |
8.462 |
8.462 |
|
Reserves & Surplus |
493.890 |
597.667 |
667.895 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
502.352 |
606.129 |
676.357 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
131.137 |
168.781 |
89.232 |
|
Total
borrowings |
131.137 |
168.781 |
89.232 |
|
Debt/Equity
ratio |
0.261 |
0.278 |
0.132 |
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 |
1640.777 |
1993.775 |
2148.584 |
|
|
|
21.514 |
7.765 |
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 |
1640.777 |
1993.775 |
2148.584 |
|
Profit/ (Loss) |
83.236 |
105.814 |
70.228 |
|
|
5.07
% |
5.31
% |
3.27
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from Room No. 18,
2nd Floor, Kitab Mahal, Dr. D N Road, Fort, Mumbai-400001, Maharashtra, India
to the present address w.e.f 09.09.2008
PERFORMANCE AND OPERATIONS
The Company
achieved an increased turnover of INR 2366.300 Million this year as against INR
2203.300 Million during the previous year. Exports (including services) during
the year have been INR 7.866 Million as compared to INR 5.935 Million during
the previous year.
The profit after tax
for the current year stood at INR 70.228 Million as against INR 105.814 Million
during the previous year. The fall in profit was mainly due to increased outgo
on account of discounts extended to buyers to expand sales and to an extent
increased spend on Corporate Social Responsibility (CSR) expenditure under
statutory requirements.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Deposits |
0.055 |
0.070 |
|
Total |
0.055 |
0.070 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G08364705 |
80001984 |
KOTAK MAHINDRA
BANK LIMITED |
04/08/2005 |
29/04/2016 |
294500000.0 |
27BKC, C 27, G BLOCK,
BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI - 400051, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
|
|
|
|
Guarantees |
6.935 |
15.886 |
|
Letters of Credit |
0.000 |
0.165 |
|
Buyers Credit |
0.000 |
0.410 |
|
Claims not acknowledged as debt (Demands for Excise and Sales Tax under contest) |
18.607 |
18.466 |
|
|
|
|
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Brands and trade marks
- Trade marks
- 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,
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 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
YES |
|
--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.