|
|
|
MIRA INFORM REPORT
|
Report No. : |
495601 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BIC-CELLO EXPORTS PRIVATE LIMITED (w.e.f. 07.10.2016) |
|
|
|
|
Formerly Known
As : |
CELLO WRITING AIDS PRIVATE LIMITED (w.e.f. 14.01.2010) CELLO PROPERTIES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
C-1/702, G-1/701, G-2/702, 7th Floor, Lotus Corporate Park, Western Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
|
Tel. No.: |
91-22-61083100 / 61083137 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-166182 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 188.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH2006PTC166182 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC9698R |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCC9698R1ZH |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturing, Exporting and Marketing of Writing Instruments. (Registered activity) |
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|
|
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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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3500000 |
|
|
|
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Bic-Cello Exports Private Limited is engaged in Manufacturing, Exporting and Marketing of Writing Instruments. The company was incorporated in the year 2006 and is based in Mumbai, Maharashtra. It is an established company having excellent track record. Bic-Cello Exports Private Limited is a wholly owned subsidiary of “BIC Clichy”, France. For the financial year ended 2017, revenue of the company has declined. However, it has witnessed a growth in its profit and has achieved good profit margin at 7.74% (approx.) The company possesses robust financial profile marked by sound net worth base along with debt free balance sheet of the company. The company also derives strength from its strong holding entity and its experienced management team. Further, rating considers “Cello” established name and market position in Writing Pens. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitment. In view of strong holding support and sound financial base, 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
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 07.03.2018
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 (TEL NO.: 91-22-61083100)
LOCATIONS
|
Registered Office : |
C-1/702, G-1/701, G-2/702, 7th Floor, Lotus Corporate Park, Western Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-61083100 / 61083137 |
|
Fax No.: |
91-22-61083199 |
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E-Mail : |
|
|
Website : |
|
|
|
|
|
Works : |
Plot No. D-3 and D-16, OIDC, Ringanwada, Dabhel, Daman – 396210 (U. T.) |
|
Tel. No.: |
91-260-3005600 |
|
Fax No.: |
91-260-3005609 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mahendrakumar Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
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|
Address : |
192 Centrum Towers, Barkhat Ali Road, Near Wadala Flyover, Wadala East,
Mumbai – 400037, Maharashtra, India |
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Date of Birth/Age : |
04.05.1947 |
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Date of Appointment : |
01.04.2016 |
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DIN No.: |
00327684 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Gonzalve Marie Leon Bich |
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|
Designation : |
Director |
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Address : |
5 W Branch Rd, Weston, CT 06883, United States of America |
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|
Date of Birth/Age : |
03.02.1979 |
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Qualification : |
Graduate |
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|
Date of Appointment : |
21.11.2013 |
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DIN No.: |
06721044 |
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Other Directorship:
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|
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|
Name : |
Mr. Bruno Francois Bich |
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|
Designation : |
Director |
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Address : |
22 Harbour Points Dr Key Biscayne F L 33149 United States |
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Date of Birth/Age : |
02.10.1946 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.11.2013 |
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DIN No.: |
06727496 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Benoit Arnaud Marotte |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
10 Rue Dupont des Loges, 75007 Paris, France |
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Date of Birth/Age : |
13.12.1966 |
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Qualification : |
Graduated from ESSEC Business School and Montpelier Business School |
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Date of Appointment : |
01.04.2016 |
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DIN No.: |
07370687 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Peter Jozef Van Den Broeck |
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Designation : |
Director |
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Address : |
Bic Middle East Fz Llc P O Box 502437 Dubai 502437, United Arab
Emirates |
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Date of Birth/Age : |
30.07.1966 |
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Qualification : |
Graduated from AP Hogeschool in Antwerp |
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Date of Appointment : |
05.08.2016 |
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DIN No.: |
07576570 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Chintan Bharatbhai Doshi |
|
Designation : |
Company Secretary |
|
Address : |
1/17, Narayan Niwas, Waman Nagar, Gograswadi, Patharli Road, Dombivli
East, Thane – 421201, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1989 |
|
Qualification : |
CS |
|
Date of Appointment : |
09.09.2014 |
|
PAN No.: |
AROPD2670G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bic Clichy, France |
|
18799999 |
|
Societe Bic, France |
|
1 |
|
|
|
|
|
Total |
|
18800000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting and Marketing of Writing Instruments. (Registered activity) |
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Products : |
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||||
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Brand Names : |
“Cello” |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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|
|
|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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|
|
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapith, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate
Holding Company : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U25209MH2008PTC180662
U25209DD2008PTC004669
U51495DD2008PTC004668
U36991DD2008PTC004672
U36991DD1999PTC002772
U36991DD1995PTC001821
U70101DL1998PTC096605
U25207DD1992PTC001251
L25209DD1988PLC001544
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18800000 |
Equity Shares |
INR 10/- each |
INR 188.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18800000 |
Equity Shares |
INR 10/- each |
INR 188.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
188.000 |
188.000 |
188.000 |
|
(b) Reserves and Surplus |
1043.600 |
860.400 |
692.981 |
|
(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) |
1231.600 |
1048.400 |
880.981 |
|
|
|
|
|
|
(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 |
0.600 |
0.700 |
0.000 |
|
(d) long-term
provisions |
10.600 |
8.400 |
4.074 |
|
Total Non-current
Liabilities (3) |
11.200 |
9.100 |
4.074 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
116.800 |
301.500 |
443.041 |
|
(c) Other
current liabilities |
16.000 |
18.900 |
26.804 |
|
(d) Short-term
provisions |
27.900 |
4.300 |
27.416 |
|
Total Current
Liabilities (4) |
160.700 |
324.700 |
497.261 |
|
|
|
|
|
|
TOTAL |
1403.500 |
1382.200 |
1382.316 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
133.600 |
99.000 |
84.524 |
|
(ii)
Intangible Assets |
2.000 |
0.800 |
0.039 |
|
(iii) Tangible assets
capital work-in-progress |
0.800 |
4.400 |
0.015 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
34.300 |
33.700 |
43.356 |
|
(d)
Long-term loans and advances |
45.200 |
68.400 |
14.969 |
|
(e) Other Non-current
assets |
2.200 |
2.600 |
9.173 |
|
Total Non-Current
Assets |
218.100 |
208.900 |
152.076 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
348.200 |
227.500 |
244.102 |
|
(c) Trade
receivables |
628.300 |
807.000 |
822.642 |
|
(d) Cash and
bank balances |
105.800 |
53.000 |
29.139 |
|
(e)
Short-term loans and advances |
38.400 |
16.300 |
18.972 |
|
(f) Other
current assets |
64.700 |
69.500 |
115.385 |
|
Total
Current Assets |
1185.400 |
1173.300 |
1230.240 |
|
|
|
|
|
|
TOTAL |
1403.500 |
1382.200 |
1382.316 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2368.200 |
2606.000 |
2709.818 |
|
|
Other Income |
60.300 |
24.900 |
123.139 |
|
|
TOTAL |
2428.500 |
2630.900 |
2832.957 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
938.900 |
884.500 |
896.631 |
|
|
Purchases of
Stock-in-Trade |
484.200 |
737.100 |
873.695 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(41.700) |
15.900 |
4.240 |
|
|
Employee benefit expense |
172.400 |
151.800 |
125.598 |
|
|
CSR expenditure |
3.610 |
0.000 |
0.000 |
|
|
Other expenses |
551.690 |
545.200 |
538.678 |
|
|
TOTAL |
2109.100 |
2334.500 |
2438.842 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
319.400 |
296.400 |
394.115 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
319.400 |
296.400 |
394.115 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
33.700 |
37.100 |
53.947 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
285.700 |
259.300 |
340.168 |
|
|
|
|
|
|
|
Less |
TAX |
102.500 |
91.900 |
115.928 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
183.200 |
167.400 |
224.240 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.75 |
8.90 |
11.93 |
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 |
|
Net cash flows from (used in) operations |
173.400 |
222.000 |
141.812 |
|
Net cash flows from (used in) operating activities |
97.700 |
80.100 |
33.806 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
96.84 |
113.03 |
110.81 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
3.77 |
3.23 |
3.29 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
29.96 |
67.86 |
91.34 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.92 |
1.30 |
1.61 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
2.34 |
2.84 |
4.66 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.11 |
0.23 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.13 |
0.31 |
0.56 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.11 |
0.10 |
0.10 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
(%) |
7.74 |
6.42 |
8.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
(%) |
13.05 |
12.11 |
16.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
(%) |
14.87 |
15.97 |
25.45 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
7.38 |
3.61 |
2.47 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
5.21 |
2.91 |
1.98 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.88 |
0.76 |
0.64 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
7.38 |
3.61 |
2.47 |
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 |
188.000 |
188.000 |
188.000 |
|
Reserves & Surplus |
692.981 |
860.400 |
1043.600 |
|
Net
worth |
880.981 |
1048.400 |
1231.600 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
2709.818 |
2606.000 |
2368.200 |
|
|
0.000 |
(3.831) |
(9.125) |
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 |
2709.818 |
2606.000 |
2368.200 |
|
Profit/ (Loss) |
224.240 |
167.400 |
183.200 |
|
|
8.28
% |
6.42
% |
7.74
% |
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 |
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS PERFORMANCE DURING THE YEAR:
During the year, there was a reduction in the sales by 10.04% (Sales: INR 2368.200 Million as compared to the sales of INR 2606.000 Million in the F.Y. 2015-16). Costs of the Company decreased by 10.67% (Expenses: INR 2109.100 Million as compared to the expenses of INR 2334.500 Million in the F.Y. 2015-16) on account of (i) increase in cost of materials consumed by INR 54.400 Million (ii) decrease in purchase of Stock in trade by INR 252.900 Million (iii) decrease in change of inventories by INR 57.600 Million (iv) increase in employee benefit expenses by INR 20.600 Million (v) decrease in depreciation and amortization expenses by INR 3.400 Million and (vi) increase in other expenses by INR 6.490 Million. As a result, the Profit for the year was INR 183.200 Million as compared to the previous year’s profits of INR 167.400 Million.
OPERATIONS:
To signify integration of the business with the BIC group, the Company is renamed as ‘BIC-Cello Exports Pvt. Ltd.’ effective October 7, 2016. The Company continues to be engaged in the activities pertaining to manufacturing and marketing of writing instruments. There was no change in nature of the business activities of the Company during the year.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G42159855 |
100093058 |
HDFC BANK LIMITED |
03/03/2017 |
- |
- |
50000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
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 64.99 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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.