|
|
|
MIRA INFORM REPORT
|
Report No. : |
506387 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARSONS NUTRITIONALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-48, Kailash Apartment, Kailash Colony, New Delhi-110048 |
|
Mobile No.: |
91-9873863452 (Mr. Umesh Kumar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.04.2002 |
|
|
|
|
Com. Reg. No.: |
55-115025 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 138.940 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65311DL2002PTC115025 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP7942B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of High energy Branded Biscuit viz. Horlicks,
Boost Energy Bites, Horlicks Lite Bite. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
700 (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 |
|
Maximum Credit Limit : |
USD 3300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002 having a fine track record. For the financial year 2017, the company has achieved decent growth of 22.22% in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its extensive experience of the promoters in the food processing industry coupled with strong relationships and agreements with ITC Ltd, Britannia and Mondelez India (Earlier Cadbury India), Patanjali, Meiji etc. for manufacturing of biscuits and other related products for their respective brands. However these rating strengths gets partially offset by exposure to operational risks with respect to product quality, manufacturing yield and production efficiency. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing 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 |
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
31-03-2018.
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 02.05.2018
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
|
Name : |
Mr. Umesh Kumar |
|
Designation : |
Purchase Executive |
|
Contact No.: |
91-9873863452 |
|
Date : |
02.05.2018 |
LOCATIONS
|
Registered Office : |
C-48, Kailash Apartment, Kailash Colony, New Delhi-110048, India |
|
Tel. No.: |
91-120-2775705 |
|
Mobile No.: |
91-9873863452 (Mr. Umesh Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory: |
Plot No. 5, Site IV Industrial Area, Sahibabad, Ghaziabad-201010, |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Surender Pal Singh |
|
Designation : |
Director |
|
Address : |
A2-622, Gokulam Apartments, Kanakpura Main Road,
Doddakallasandra, Bengaluru -560062, Karnataka, India |
|
Date of Birth/Age : |
10.03.1969 |
|
Date of Appointment : |
03.05.2003 |
|
DIN No.: |
00879157 |
|
|
|
|
Name : |
Mr. Swapandeep Mann |
|
Designation : |
Director |
|
Address : |
H No. 1269, Sector – 14, Faridabad -121002, Haryana, India |
|
Date of Birth/Age : |
12.10.1978 |
|
Date of Appointment : |
18.04.2002 |
|
DIN No.: |
02535906 |
|
|
|
|
Name : |
Mr. Sukhbir Singh Mann |
|
Designation : |
Director |
|
Address : |
H No. 1269, Sector – 14, Faridabad -121002, Haryana, India |
|
Date of Appointment : |
12.04.2011 |
|
DIN No.: |
03161156 |
|
|
|
|
Name : |
Mr. Sandeep Singh |
|
Designation : |
Director |
|
Address : |
Flat No-103, Express Apartment, Plot No-17, Sector -4,
Vaishali, Ghaziabad -201010, Uttar Pradesh, India |
|
Date of Appointment : |
29.03.2012 |
|
DIN No.: |
05239752 |
KEY EXECUTIVES
|
Name : |
Ms. Preeti Rustagi |
|
Designation : |
Company Secretary |
|
Address : |
House No. 34-A Old Housing Board Colony, Rewari- 123401,
Haryana, India |
|
Date of Appointment : |
12.01.2017 |
|
PAN No.: |
CGWPP8620D |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Mann Feeds Private Limited, |
494660 |
|
Legasy Foods Private Limited, India |
5433250 |
|
Surender Pal Singh |
7600 |
|
Swapandeep Mann |
2537850 |
|
Swaraj Techno Engineers Private Limited, India |
207000 |
|
Sukhbir Singh Mann |
2997250 |
|
Ruchika Mann |
131000 |
|
Raghuveer Singh |
100 |
|
Legend Realtors Private Limited, India |
153800 |
|
Canton Buildmart Private Limited, India |
12500 |
|
|
|
|
Total |
11975010 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
Mann Feeds Private Limited, |
85000 |
|
Legasy Foods Private Limited, India |
1833970 |
|
|
|
|
Total |
1918970 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
46.22 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
1.16 |
|
Public/Other than promoters [Body corporate] |
52.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of High energy Branded Biscuit viz. Horlicks,
Boost Energy Bites, Horlicks Lite Bite.
[Registered activity and also confirmed by management] |
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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 : |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
|
||||
|
Selling : |
L/C, Advance Payment, Cheque and Others (RTGS / NEFT) |
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|
|
||||
|
Purchasing : |
L/C, Advance Payment, Cheque and Others (RTGS / NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
700 (Approximately) |
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Bankers : |
|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
B.D. Gupta and Associates Chartered Accountants |
|
Address : |
217, Dhruv Appartment,4,I.P.Extension, Patparganj, Delhi -110092, India |
|
PAN No.: |
AADFB7892G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
2000000 |
Preference Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 140.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11975010 |
Equity Shares |
INR 10/- each |
INR 119.750 Million |
|
1918970 |
Preference Shares |
INR 10/- each |
INR 19.190 Million |
|
|
|
|
|
|
|
Total |
|
INR 138.940
Million |
FINANCIAL DATA
[all figures are
in 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 |
138.940 |
138.940 |
138.940 |
|
(b) Reserves & Surplus |
1030.382 |
930.392 |
849.571 |
|
(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) |
1169.322 |
1069.332 |
988.511 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
595.052 |
623.018 |
355.552 |
|
(b) Deferred tax liabilities (Net) |
87.185 |
73.773 |
57.089 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
4.056 |
3.207 |
2.651 |
|
Total Non-current Liabilities
(3) |
686.293 |
699.998 |
415.292 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
218.650 |
142.435 |
53.576 |
|
(b) Trade
payables |
186.534 |
204.739 |
161.251 |
|
(c) Other
current liabilities |
207.773 |
165.888 |
144.641 |
|
(d) Short-term
provisions |
7.727 |
13.860 |
6.127 |
|
Total Current
Liabilities (4) |
620.684 |
526.922 |
365.595 |
|
|
|
|
|
|
TOTAL |
2476.299 |
2296.252 |
1769.398 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1797.997 |
1812.365 |
1337.233 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
56.565 |
29.052 |
60.114 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.394 |
2.200 |
4.740 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
305.216 |
85.086 |
53.566 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.430 |
|
Total Non-Current
Assets |
2162.172 |
1928.703 |
1456.083 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
95.687 |
106.962 |
102.242 |
|
(c) Trade
receivables |
119.287 |
114.482 |
135.132 |
|
(d) Cash
and cash equivalents |
30.518 |
67.569 |
29.744 |
|
(e)
Short-term loans and advances |
63.520 |
67.482 |
42.652 |
|
(f) Other
current assets |
5.115 |
11.054 |
3.545 |
|
Total
Current Assets |
314.127 |
367.549 |
313.315 |
|
|
|
|
|
|
TOTAL |
2476.299 |
2296.252 |
1769.398 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2464.053 |
2016.116 |
1944.843 |
|
|
Other Income |
9.946 |
26.631 |
35.982 |
|
|
TOTAL |
2473.999 |
2042.747 |
1980.825 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1632.394 |
1427.237 |
1476.118 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
1.340 |
0.335 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.043) |
5.944 |
(9.440) |
|
|
Employee benefit expense |
110.734 |
81.715 |
70.260 |
|
|
CSR expenditure |
0.371 |
0.100 |
0.000 |
|
|
Other expenses |
345.591 |
273.466 |
234.830 |
|
|
Prior period items |
0.529 |
0.028 |
0.447 |
|
|
Exceptional items |
0.000 |
0.000 |
0.462 |
|
|
TOTAL |
2089.576 |
1789.830 |
1773.012 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
384.423 |
252.917 |
207.813 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
87.925 |
49.268 |
51.541 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
296.498 |
203.649 |
156.272 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
142.313 |
97.745 |
82.936 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
154.185 |
105.904 |
73.336 |
|
|
|
|
|
|
|
Less |
TAX |
54.195 |
25.083 |
27.342 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
99.990 |
80.821 |
45.994 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.35 |
6.75 |
3.84 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
152.891 |
88.636 |
91.976 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
145.551 |
270.338 |
231.152 |
|
Net cash flows from (used in) operating activities |
91.356 |
245.255 |
173.986 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
17.67 |
20.73 |
25.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
20.66 |
17.61 |
14.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
41.71 |
52.31 |
39.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
4.02 |
2.36 |
2.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.14 |
0.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.55 |
0.54 |
0.46 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.83 |
0.80 |
0.51 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.53 |
0.49 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.59 |
1.72 |
1.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.37 |
5.13 |
4.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.55 |
0.54 |
0.46 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.83 |
0.80 |
0.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.53 |
0.49 |
0.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.51 |
0.70 |
0.86 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.35 |
0.49 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.47 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.96 |
6.15 |
3.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.51 |
0.70 |
0.86 |
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 |
138.940 |
138.940 |
138.940 |
|
Reserves & Surplus |
849.571 |
930.392 |
1030.382 |
|
Net
worth |
988.511 |
1069.332 |
1169.322 |
|
|
|
|
|
|
Long-term borrowings |
355.552 |
623.018 |
595.052 |
|
Short term borrowings |
53.576 |
142.435 |
218.650 |
|
Current maturities of
long-term debts |
91.976 |
88.636 |
152.891 |
|
Total
borrowings |
501.104 |
854.089 |
966.593 |
|
Debt/Equity
ratio |
0.507 |
0.799 |
0.827 |
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 |
1944.843 |
2016.116 |
2464.053 |
|
|
|
3.665 |
22.218 |
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 |
1944.843 |
2016.116 |
2464.053 |
|
Profit/ (Loss) |
45.994 |
80.821 |
99.990 |
|
|
2.36
% |
4.01
% |
4.06
% |
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 |
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 |
Yes |
|
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
Yes |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR
The Company is engaged in the business of manufacturing food products:
Biscuits for GlaxoSmithKline Consumer Healthcare Limited, Mondelez India Foods Private Limited, Patanjali Biscuits Private Limited, Britannia Industries Private Limited and ITC Limited, Gems for Mondelez India Foods Private Limited
During the year, Company has started manufacturing “Lickables” for Mondelez India Foods Private Limited.
Your Company has achieved profit of INR 99.990 million during the Financial Year 2016-17.
Revenue from operations (net) for 2016-17 was INR 2473.999 million [21.11%] of growth over previous year INR 2042.747 million.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
101.348 |
14.852 |
|
|
|
|
|
Total |
101.348 |
14.852 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G38362158 |
100083284 |
YES BANK LIMITED |
13/12/2016 |
- |
- |
250000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
G39315809 |
10604499 |
YES BANK LIMITED |
26/11/2015 |
20/02/2017 |
- |
1148300000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
3 |
C66871898 |
10596207 |
HDFC BANK LIMITED |
14/08/2015 |
- |
- |
2000000.0 |
SENAPATI BAPAT MARGLOWER PAREL(WEST)MUMBAIMH400013IN |
|
4 |
G38360921 |
10566484 |
YES BANK LIMITED |
20/11/2014 |
30/09/2016 |
- |
754100000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
5 |
B93425189 |
10469964 |
YES BANK LIMITED |
23/12/2013 |
- |
- |
330000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
6 |
B98616923 |
10438574 |
YES BANK LIMITED |
17/06/2013 |
07/03/2014 |
- |
320000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
7 |
C51101327 |
10229909 |
HDFC BANK LIMITED |
25/06/2010 |
09/05/2011 |
08/04/2015 |
180000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
8 |
C51096741 |
10229908 |
HDFC BANK LIMITED |
25/06/2010 |
09/05/2011 |
08/04/2015 |
80000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
9 |
C51099208 |
10291474 |
HDFC BANK LIMITED |
08/06/2011 |
- |
08/04/2015 |
260000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
10 |
C51100790 |
10291287 |
HDFC BANK LIMITED |
08/06/2011 |
- |
08/04/2015 |
260000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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 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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.