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MIRA
INFORM REPORT
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Report No. : |
500534 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
WONDERCHEF HOME APPLIANCES PRIVATE LIMITED |
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Registered
Office : |
Supreme House, 7th Floor, Plot 94-C, Opposite IIT Main Gate,
Powai, Mumbai – 400076, Maharashtra |
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Tel. No.: |
91-22-61119811 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
21.05.2009 |
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Com. Reg. No.: |
11-192547 |
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Capital
Investment / Paid-up Capital : |
INR 0.330 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2009PTC192547 |
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IEC No.: [Import-Export Code No.] |
0309019222 |
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TIN : |
27150718490 |
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GSTIN : [Goods & Service Tax Registration No.] |
27AAACW8651N1ZO |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW03527G |
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PAN No.: [Permanent Account No.] |
AAACW8651N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is presently engaged in the
business of wholesale trading of kitchen and electronic appliances and other
food products. (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 |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1309000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009. It is engaged in the business of trading of kitchen and electronic appliances and other food products under the brand name “Wonderchef”. Management has failed to file its financials with Registrar of Companies for the FY 2017. For the financial year 2016, the company has achieved 83.04% growth in its revenue as compared to previous year revenue but has reported low profit margin of 0.16%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. Rating takes into consideration equity infused by its promoters. The company has favorable Earning Per Share (EPS) of INR 47.25 against a face value (FV) of INR 10. However, these strength are partially offset by unfavorable gap between trade payables and trade receivables and absence of latest financials. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings with usual trade terms and conditions. Note: Information regarding No. of Employee, Import & Export, Payments Terms and Customer’s & Suppliers are not available from any sources and management also denied to provide the information on the same. |
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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=B (Issuer Not Co-operating) |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
22.04.2017 |
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 29.03.2018
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 BY
Management Non Cooperative (91-22-61119811)
LOCATIONS
|
Registered Office : |
Supreme House, 7th Floor, Plot 94-C, Opposite IIT Main
Gate, Powai, Mumbai – 400076, Maharashtra, India |
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Tel. No.: |
91-22-32191488/ 32151148 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Located at:
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Warehouse/ Branch Office : |
Located at:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Varun Sood |
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Designation : |
Director |
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Address : |
Siolim House, Wadi Siolim, Goa - 403517, India |
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Date of Appointment : |
29.09.2015 |
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DIN No.: |
00017309 |
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Other Directorship:
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Name : |
Mr. Ravi Saxena |
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Designation : |
Director |
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Address : |
Row House Bungalow, 26 A/B, Eden Bungalow Hiranandani, Powai, Mumbai – 400076, Maharashtra, India |
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Date of Birth/Age : |
23.08.1969 |
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Date of Appointment : |
21.05.2009 |
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DIN No.: |
00130084 |
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Other Directorship:
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Name : |
Alyona Sanjeev Kapoor |
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Designation : |
Director |
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Address : |
201, Anand Mansion, Gulmohar Cross Road, 5 Juhu, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
22.04.1967 |
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Date of Appointment : |
26.03.2010 |
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DIN No.: |
00151391 |
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Other Directorship:
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Name : |
Mr. Sanjeev Surendra Kapoor |
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Designation : |
Director |
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Address : |
101, Anand Mansion, Gulmohar Cross Road, 5 JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
10.04.1964 |
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Date of Appointment : |
21.05.2009 |
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DIN No.: |
00151488 |
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Other Directorship:
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Name : |
Mr. Rohan Ajila |
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Designation : |
Director |
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Address : |
302, Elplacio Apartment, No.6 Major General Loganadan Road, Bangalore – 560052, Karnataka, India |
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Date of Appointment : |
29.09.2015 |
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DIN No.: |
01549005 |
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Other Directorship:
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Name : |
Ms. Pallavi Saxena |
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Designation : |
Director |
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Address : |
Row House, Bunglow No.26A, B, Eden Bunglows Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
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Date of Appointment : |
29.09.2015 |
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DIN No.: |
02237350 |
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Other Directorship:
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Name : |
Nicolas Graas |
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Designation : |
Director |
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Address : |
3A, Rue Plaetis Luxembourgeoise L2338 Lu |
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Date of Birth/Age : |
02.10.1965 |
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Date of Appointment : |
26.03.2010 |
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DIN No.: |
02594876 |
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Other Directorship:
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Name : |
Jose Jamie Busqets |
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Designation : |
Director |
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Address : |
Chalet Carmen Chemin De La Morintze 20 Verbier 1936 Ch |
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Date of Birth/Age : |
08.02.1932 |
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Date of Appointment : |
03.10.2012 |
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DIN No.: |
06393678 |
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·
As per our previous database records, Mr. Rajeev
Kapoor was
the directors of the company,
however, they does not appear in the current government registry records and
the same could not be confirmed with the management as well.
KEY EXECUTIVES
|
Name : |
CS Sunil Thakur |
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Designation : |
Company Secretary |
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Mobile No.: |
91-9619186421 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sanjeev Kapoor |
4543 |
13.77 |
|
Alyona Kapoor |
4470 |
13.55 |
|
Ravi Saxena |
3906 |
11.84 |
|
Pallavi Saxena |
799 |
2.42 |
|
Vervima Company Limited, India |
7922 |
24.01 |
|
Prominvesco Cyprus Limited, India |
3707 |
11.24 |
|
Capvent Asia Consumer Fund Limited |
7647 |
23.18 |
|
Total |
32994 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
28.03 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
13.55 |
|
Public/Other than promoters (Body corporate) |
58.42 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is presently engaged in the business of wholesale trading
of kitchen and electronic appliances and other food products. (Registered Activity) |
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Products : |
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Brand Names : |
“Wonderchef” |
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Agencies Held : |
Not Divulged |
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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 : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
31, Nutan Bharat Society, Alkapuri, Vadodara – 390007, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFD2337G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
Xanberri Naturals Private Limited (till 23rd July 2015) (CIN No.: U74990MH2010PTC210194) |
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Enterprises under significant influence of key management personnel : |
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CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital : INR
3.500 Million
Issued, Subscribed & Paid-up Capital : INR 0.391 Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
INR 10/- each |
INR 3.500 Million |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32994 |
Equity Shares |
INR 10/- each |
INR 0.330 Million |
|
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|
|
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.330 |
0.270 |
0.288 |
|
(b) Reserves &
Surplus |
458.040 |
157.511 |
70.950 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
10.074 |
|
Total Shareholders’ Funds
(1) + (2) |
458.370 |
157.781 |
81.312 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.424 |
1.165 |
1.755 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.544 |
1.331 |
0.835 |
|
Total Non-current
Liabilities (3) |
4.968 |
2.496 |
2.590 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
189.305 |
69.039 |
53.659 |
|
(b) Trade payables |
77.557 |
86.614 |
51.211 |
|
(c) Other current
liabilities |
36.655 |
11.199 |
10.579 |
|
(d) Short-term provisions |
7.970 |
3.200 |
2.545 |
|
Total Current Liabilities
(4) |
311.487 |
170.052 |
117.994 |
|
|
|
|
|
|
TOTAL |
774.825 |
330.329 |
201.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.290 |
5.115 |
5.667 |
|
(ii) Intangible Assets |
1.377 |
1.652 |
0.106 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.896 |
|
(b) Non-current
Investments |
10.031 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
2.527 |
0.826 |
0.531 |
|
(d) Long-term Loan and Advances |
2.983 |
2.128 |
1.048 |
|
(e) Other Non-current
assets |
0.400 |
0.000 |
0.000 |
|
Total Non-Current Assets |
26.608 |
9.721 |
8.248 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.100 |
0.000 |
|
(b) Inventories |
345.043 |
98.199 |
60.802 |
|
(c) Trade receivables |
249.715 |
164.226 |
97.355 |
|
(d) Cash and cash
equivalents |
124.029 |
38.368 |
25.259 |
|
(e) Short-term loans and
advances |
28.457 |
19.715 |
10.232 |
|
(f) Other current assets |
0.973 |
0.000 |
0.000 |
|
Total Current Assets |
748.217 |
320.608 |
193.648 |
|
|
|
|
|
|
TOTAL |
774.825 |
330.329 |
201.896 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
928.781 |
508.499 |
397.143 |
|
|
Other Income |
13.437 |
10.696 |
1.881 |
|
|
TOTAL |
942.218 |
519.195 |
399.024 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
873.594 |
415.858 |
298.537 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(247.310) |
(37.648) |
(9.279) |
|
|
Employees benefits
expense |
88.812 |
45.779 |
34.986 |
|
|
Other expenses |
209.635 |
82.404 |
64.856 |
|
|
TOTAL |
924.731 |
506.393 |
389.100 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
17.487 |
12.802 |
9.924 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
10.911 |
7.355 |
6.138 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.576 |
5.447 |
3.786 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.935 |
3.039 |
1.685 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.641 |
2.408 |
2.101 |
|
|
|
|
|
|
|
Less |
TAX |
1.153 |
0.584 |
(0.249) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
1.488 |
1.824 |
2.350 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase to Traded Goods |
834.408 |
291.166 |
225.974 |
|
|
TOTAL IMPORTS |
834.408 |
291.166 |
225.974 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
47.25 |
107.61 |
81.73 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current
Maturities of Long term debt |
|
|
|
|
Term Loan from Bank |
|
|
|
|
Vehicle loan from Indian Overseas Bank |
0.707 |
0.613 |
0.500 |
|
Term Loan-HDFC Bank |
0.000 |
0.387 |
0.331 |
|
Total Current
Maturities of Long term debt |
0.707 |
1.000 |
0.831 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(306.993) |
(63.317) |
(27.586) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
98.14 |
117.88 |
89.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.72 |
3.10 |
4.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
32.40 |
76.02 |
62.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.05 |
0.13 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.64 |
1.89 |
1.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.40 |
0.52 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.45 |
0.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.68 |
1.08 |
1.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.04 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.60 |
1.74 |
1.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.16 |
0.36 |
0.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.19 |
0.55 |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.32 |
1.16 |
2.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.40 |
1.89 |
1.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.29 |
1.31 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.59 |
0.48 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
577.08 |
263.72 |
195.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.40 |
1.89 |
1.64 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Share Capital |
0.288 |
0.270 |
0.330 |
|
Reserves & Surplus |
70.950 |
157.511 |
458.040 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
10.074 |
0.000 |
0.000 |
|
Net worth |
81.312 |
157.781 |
458.370 |
|
|
|
|
|
|
Long-term borrowings |
1.755 |
1.165 |
0.424 |
|
Short term borrowings |
53.659 |
69.039 |
189.305 |
|
Current Maturities of
Long term debt |
0.831 |
1.000 |
0.707 |
|
Total borrowings |
56.245 |
71.204 |
190.436 |
|
Debt/Equity ratio |
0.692 |
0.451 |
0.415 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
397.143 |
507.407 |
928.781 |
|
|
|
27.764 |
83.045 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
397.143 |
507.407 |
928.781 |
|
Profit/ (Loss) |
2.349 |
1.823 |
1.488 |
|
|
0.59% |
0.36% |
0.16% |
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) |
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 |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY BACKGROUND
The company was incorporated on 21st May, 2009. The company
is presently engaged in the business of wholesale trading of kitchen and
electronic appliances and other food products under the brand name “Wonderchef”.
The company’s corporate office is located in Mumbai.
STATE OF AFFAIRS
The company is engaged into the business of cookware, bake ware and
electronic kitchen appliances. There has been no change in the business
activity of the company.
The highlights of the company’s performance are as under
- Revenue from the business operation
increased by 83.04% from INR 508.499 Million to INR 928.781 Million
- Net profit before tax increased by
9.70%from INR 2.408 Million to INR 2.641 Million
- Net profit after tax for the year
decreased by 18.41% from INR 1.824 Million to INR 1.488 Million.
- Earnings per share of the company is
INR 47.25
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G54074695 |
100124021 |
KOTAK MAHINDRA BANK LIMITED |
11/09/2017 |
- |
- |
130000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E), MUMBAIMH400051IN |
|
2 |
G58441080 |
100131934 |
HDFC BANK LIMITED |
20/07/2017 |
- |
- |
50000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI -400013, MAHARASHTRA, INDIA |
|
3 |
G46281853 |
100103853 |
IDFC BANK LIMITED |
17/05/2017 |
- |
- |
150000000.0 |
KRM TOWER, 7TH FLOOR, NO. 1, HARRINGTON ROAD, CHETPET, CHENNAITA600031IN |
|
4 |
G46179602 |
10321518 |
INDIAN OVERSEAS BANK |
16/11/2011 |
09/04/2015 |
08/06/2017 |
100000000.0 |
POWAI BRANCH, 32-41, POWAI PLAZA HIRANANDANI GARDENS, POWAI, MUMBAI-400076IN |
|
5 |
G04911079 |
10534509 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
01/12/2014 |
23/09/2015 |
02/06/2016 |
27000000.0 |
52/60, M.G.ROADFORTMUMBAIMH400001IN |
|
6 |
B34918466 |
10306622 |
INDIAN OVERSEAS BANK |
24/08/2011 |
- |
23/02/2012 |
1000000.0 |
POWAI BRANCH, 32-41, POWAI PLAZAHIRANANDANI GARDENS, POWAIMUMBAIMH400076IN |
FIXED ASSETS
- Leasehold Improvements
- Office Equipments
- Computers
- Furniture and Fixtures
- Vehicles
- 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 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRUP |
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.