|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495486 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HAFELE INDIA PRIVATE LIMITED |
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|
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|
Registered
Office : |
Office No. 3, Building ‘A’ Beta, I-Think Techno Campus, Off JVLR,
Opposite Kanjurmarg Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra |
|
Tel. No.: |
91-22-61426100 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.12.2016 |
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Date of
Incorporation : |
05.05.2003 |
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|
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Com. Reg. No.: |
11-140300 |
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|
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Capital Investment
/ Paid-up Capital : |
INR 421.068 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51393MH2003PTC140300 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0303011971 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH06969E |
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|
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PAN No.: [Permanent Account No.] |
AABCH2726A |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCH2726A1Z5 |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Subject is engaged in the business of trading in furniture fittings, architectural hardware, Electronic locking systems, Appliances, Lighting and Sanitary. (Registered Activity) |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 3000000 |
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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 is a wholly owned subsidiary of “Hafele Holding GMBH, Germany”
and was incorporated in the year 2003. It is having fine track records. Management of
the company has not failed its financials of 2017 with government department. As per available financials 2016, the company has increased its
operational performance as compared to previous year and maintained average
profit margin of 3.71%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base along with average debt balance sheet. Rating also reflects its strong brand presence in the
kitchen/furniture fittings and architecture hardware industry. Further, the company also derives strength from its strong holding
company support, well established track record of business operations and
market position. Trade relations are fair. Payment terms are seems to be regular. In view of aforesaid, the company can be considered good for normal
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
CRISIL |
|
Rating |
Long term Rating = BBB+ (Issuer Non-Cooperative) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
29.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 06.03.2018
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
MANAGEMENT NON-COOPERATIVE (91-22-61426100)
LOCATIONS
|
Registered Office / Back
office IT Division : |
Office No. 3, Building ‘A’ Beta, I-Think Techno Campus, Off JVLR,
Opposite Kanjurmarg Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra,
India |
|
Tel. No.: |
91-22-61426100 |
|
Mobile No.: |
91-9739966432 (Mr. Sijo Joseph) |
|
Fax No.: |
91-22-66950922/ 67020531 |
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E-Mail : |
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|
Website : |
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Location: |
Owned |
|
Locality : |
Commercial |
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|
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WEST |
|
|
Design |
No.2, Filix Building, LBS Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
Tel No.: |
91-22-25969660 |
|
|
|
|
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Office No. 12, Vastushree Complex, Survey No. 587, Near Hyde Park, Gultekdi, Market Yard, Pune – 411 037, Maharashtra, India |
|
Tel No.: |
91-20-24266264 |
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Fax No.: |
91-20-24266274 |
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West
Warehouse : |
Sumeet Logistics and Industrial Park, Building. No. H6, Village Kuksa, Bhiwandi, Post Amane, Mumbai Nasik Highway, District Thane - 421302, Maharashtra, India |
|
|
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NORTH |
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Häfele Delhi Office
& New Delhi Design Centre: |
D - 89, 1st Floor, Okhla Phase - I, New Delhi - 110 020, India |
|
Tel No.: |
91-11-6657 4999 |
|
Fax No.: |
91 11-4160 5482 |
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|
|
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North
Warehouse : |
Village-Sultanpur, Near Railway Crossing, Tehsil - Farukhnagar, |
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EAST: |
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Hafele Kolkata
Office: |
Office No. 1001 PS Continental, 10th Floor, 83/2/1 Topsia Road, Near Vishwakarma Building, South Kolkata – 700046, West Bengal, India |
|
Tel No.: |
91-33-22850104 / 2285 0105 / 2285 0106 |
|
|
|
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Kolkata Design
Centre: |
PS Pace Premises, No. 1/1A Mahendra Roy Lane, Topsia Kolkata – 700046, West Bengal, India |
|
Tel No.: |
91-33-40086814/ 40089268 |
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|
|
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East Warehouse: |
Maa Ambe Warehousing Private Limited, Dankuni, Bhadua, NH-2, Old Delhi Road, Hooghly-712250, India |
|
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|
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SOUTH |
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Bangalore Office and
Bangalore Design Centre: |
“Shiv Manor”, No. 2/1, Langford Road, Shanthi Nagar, Bangalore – 560 027, Karnataka, India |
|
Tel No.: |
91-80–22226116. |
|
Fax No.: |
91-80-4132 6226 |
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|
|
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Hyderabad Office: |
Park Side 8-2-348/4, Road No. 3, Above Almond House, Banjara Hill, Hyderabad-500034, Telangana, India |
|
Tel No.: |
91-40-30284999/ 66668651 |
|
Fax No.: |
91-40-30284111 |
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Email : |
|
|
|
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Chennai
Office: |
New No. 20, (Old No. 63), 1st Main Road, Besant Nagar, Chennai – 600 090, Tamilnadu, India |
|
Tel No.: |
91-44-42151542 |
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Fax No.: |
91-44-24460922 |
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|
|
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South Warehouse |
Survey No.24/1, T-Begur, Marohalli Village, Kasaba Hobli, Nelamangala Taluk, Bangalore District- 562123, Karnataka, India |
DIRECTORS
AS ON 02.06.2017
|
Name : |
Mr. Jurgen Wolf |
|
Designation : |
Managing Director |
|
Address : |
Flat No.901, 9th Floor, Richmond Building, Hiranandani Gardens, Hiranandani, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth / Age: |
25.03.1957 |
|
Qualification : |
Graduate (Export Management from Germany |
|
Date of Appointment : |
06.05.2013 |
|
PAN No.: |
AALPW4848B |
|
DIN No.: |
00152999 |
|
|
|
|
Name : |
Mr. Sibylle Annemarie Thierer |
|
Designation : |
Director |
|
Address : |
Breslauer STR 43, 722202, Nagold – 72202, Germany |
|
Date of Birth / Age: |
27.08.1960 |
|
Qualification : |
Business Administration |
|
Date of Appointment : |
04.05.2012 |
|
DIN No.: |
03551878 |
KEY EXECUTIVES
|
Name : |
Mr. Jagdish Lalchand Nagpal |
|
Designation : |
Company Secretary |
|
Address : |
B-2, 101, Aravalli, Lokdhara Cooperative Housing Society
Limited, Netivali, Kalyan - 421306, Maharashtra, India |
|
Date of Birth / Age: |
23.02.1982 |
|
Qualification : |
CS, LLB |
|
Date of Appointment : |
19.09.2016 |
|
PAN No.: |
AECPN5488F |
|
|
|
|
Name : |
Alwyn Jay and Company |
|
Designation : |
Company Secretaries |
|
Address : |
Annex-103, Dimple Arcade, Asha Nagar, Kandivali (East), Mumbai-400101, Maharashtra, India |
|
Tel. No: |
91- 22-28125781 |
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Mob. No: |
91-9820465195/ 9819334743 |
|
Email: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2016
|
Names of Shareholders |
|
No. of Shares |
|
Jurgen Wolf (Nominee of Hafele Holding GMBH), Germany |
|
1 |
|
Hafele Holding GmbH, Germany |
|
42106804 |
|
Total |
|
42106805 |
Equity Share Break up (Percentage of Total Equity)
AS ON 02.06.2017
|
Category |
Percentage |
|
Promoters – Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading in furniture fittings, architectural hardware, Electronic locking systems, Appliances, Lighting and Sanitary. (Registered Activity) |
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Products : |
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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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Block B-2, Nirlon Knowledge Park, Off. Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALFS0506L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company |
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|
Ultimate holding
company |
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Fellow Subsidiaries
|
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CAPITAL STRUCTURE
AS ON 31.12.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42200000 |
Equity Shares |
INR 10/- each |
INR 422.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42106805 |
Equity Shares |
INR 10/- each |
INR 421.068
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
421.068 |
421.068 |
421.068 |
|
(b) Reserves and Surplus |
629.948 |
448.028 |
346.843 |
|
(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) |
1051.016 |
869.096 |
767.911 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
87.245 |
72.020 |
77.173 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
2.426 |
13.040 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
89.671 |
85.060 |
77.173 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1233.910 |
1054.551 |
432.489 |
|
(b) Trade
payables |
579.525 |
396.601 |
280.447 |
|
(c) Other
current liabilities |
261.602 |
150.382 |
119.322 |
|
(d) Short-term
provisions |
24.895 |
77.067 |
76.123 |
|
Total Current
Liabilities (4) |
2099.932 |
1678.601 |
908.381 |
|
|
|
|
|
|
TOTAL |
3240.619 |
2632.757 |
1753.465 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
284.417 |
243.863 |
258.190 |
|
(ii)
Intangible Assets |
25.808 |
20.889 |
5.927 |
|
(iii) Tangible assets
capital work-in-progress |
40.905 |
31.037 |
6.559 |
|
(iv)
Intangible assets under development |
0.525 |
4.326 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
10.805 |
12.764 |
9.708 |
|
(d)
Long-term loans and advances |
74.805 |
60.786 |
38.646 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
437.265 |
373.665 |
319.030 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1794.944 |
1475.029 |
839.631 |
|
(c) Trade
receivables |
764.486 |
577.404 |
434.721 |
|
(d) Cash and
bank balances |
38.235 |
35.073 |
36.237 |
|
(e)
Short-term loans and advances |
203.527 |
167.231 |
123.711 |
|
(f) Other
current assets |
2.162 |
4.355 |
0.135 |
|
Total
Current Assets |
2803.354 |
2259.092 |
1434.435 |
|
|
|
|
|
|
TOTAL |
3240.619 |
2632.757 |
1753.465 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4978.153 |
3764.986 |
2679.349 |
|
|
Other Income |
59.018 |
40.863 |
77.155 |
|
|
TOTAL |
5037.171 |
3805.849 |
2756.504 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
3278.579 |
2803.756 |
1581.186 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(319.915) |
(635.398) |
(46.805) |
|
|
Employee benefit expense |
632.161 |
488.645 |
352.494 |
|
|
Other expenses |
1002.311 |
797.207 |
547.708 |
|
|
TOTAL |
4593.136 |
3454.210 |
2434.583 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
444.035 |
351.639 |
321.921 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
86.505 |
48.122 |
40.530 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
357.530 |
303.517 |
281.391 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
62.592 |
64.473 |
71.207 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
294.938 |
239.044 |
210.184 |
|
|
|
|
|
|
|
Less |
TAX |
110.571 |
74.744 |
69.580 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
184.367 |
164.300 |
140.604 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.774 |
1.846 |
3.313 |
|
|
Commission Income |
11.805 |
16.625 |
11.148 |
|
|
Other Income |
24.947 |
26.052 |
26.069 |
|
|
TOTAL EARNINGS |
37.526 |
44.523 |
40.530 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded goods |
2069.745 |
2625.894 |
1063.344 |
|
|
TOTAL IMPORTS |
2069.745 |
2625.894 |
1063.344 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.38 |
3.90 |
3.33 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Maturities of Long term debt |
71.590 |
0.463 |
2.635 |
|
Net cash flows from (used in) operations |
97.947 |
(327.565) |
90.266 |
|
Net cash flows from (used in) operating activities |
13.639 |
(423.959) |
27.009 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
56.05 |
55.98 |
59.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.51 |
6.52 |
6.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
64.52 |
51.63 |
64.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
0.24 |
0.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.26 |
1.17 |
1.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.70 |
0.67 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.33 |
1.30 |
0.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.00 |
1.93 |
1.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.33 |
0.35 |
0.35 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.13 |
7.31 |
7.94 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Net Profit Margin (PAT / Sales) * 100) |
% |
3.70 |
4.36 |
5.25 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.69 |
6.24 |
8.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.54 |
18.90 |
18.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.33 |
1.35 |
1.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.48 |
0.47 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.33 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.31 |
2.68 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.35 |
1.58 |
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 |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
421.068 |
421.068 |
421.068 |
|
Reserves & Surplus |
346.843 |
448.028 |
629.948 |
|
Net
worth |
767.911 |
869.096 |
1051.016 |
|
|
|
|
|
|
long-term borrowings |
77.173 |
72.020 |
87.245 |
|
Short term borrowings |
432.489 |
1054.551 |
1233.910 |
|
Current maturities of
long-term debts |
2.635 |
0.463 |
71.590 |
|
Total
borrowings |
512.297 |
1127.034 |
1392.745 |
|
Debt/Equity
ratio |
0.667 |
1.297 |
1.325 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2679.349 |
3764.986 |
4978.153 |
|
|
|
40.519 |
32.222 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2679.349 |
3764.986 |
4978.153 |
|
Profit |
140.604 |
164.300 |
184.367 |
|
|
5.25% |
4.36% |
3.70% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
No |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 4th Floor, JMC House Bislericompound Western Express
High-Way, Andheri (East), Mumbai – 400099, Maharashtra, India to the present address w.e.f. 19.07.2010
FINANCIAL RESULTS:
The Company has performed well in current year with growth of 32.35% over last year same period.
NATURE OF OPERATIONS:
Subject is a Private company, incorporated in year 2003, under the provisions of Companies Act 1956. The Company is engaged in the business of trading in furniture fittings, architectural hardware, Electronic locking systems, Appliances, Lighting and Sanitary. The Company also has presence in Sri Lanka and sells to Bhutan, Bangladesh and Nepal.
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.12.2016 |
As
on 31.12.2015 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.000 |
72.020 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
1233.910 |
1054.551 |
|
Total |
1233.910 |
1126.571 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G30436901 |
100066995 |
ICICI BANK LIMITED |
23/11/2016 |
- |
100000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE, OLD PADRA ROAD, VADODARA-390007, Gujarat, India |
|
2 |
G24225211 |
100061857 |
RBL BANK LIMITED |
06/09/2016 |
- |
100000000.0 |
SHAHUPURI, KOLHAPUR, KOLHAPUR-416001, Maharashtra, India |
|
3 |
G16040610 |
10397993 |
THE RATNAKAR BANK LIMITED |
03/12/2012 |
04/10/2016 |
36900000.0 |
SHAHUPURI, KOLHAPUR, KOLHAPUR-416001, Maharashtra, India |
FIXED ASSETS
Tangible assets
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer Equipments
- Leasehold improvements
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,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.37 |
|
|
1 |
INR 87.03 |
|
Euro |
1 |
INR 87.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business is not
traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.