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|
MIRA INFORM REPORT
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Report No. : |
510872 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KANDOI FABRICS PRIVATE LIMITED |
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|
|
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Registered
Office : |
406, 4th Floor, 33-A, Lotus House, New Marine Lines, Mumbai – 400020,
Maharashtra |
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Tel. No.: |
91-22-66338751/ 52 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
12.02.1990 |
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|
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Com. Reg. No.: |
11-055377 |
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Capital Investment
/ Paid-up Capital : |
INR 26.880 Million |
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CIN No.: [Company Identification
No.] |
U17120MH1990PTC055377 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0391007114 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK3305M |
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|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACK3305M2ZK |
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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 manufacturing and exporting of High Density Polyethylene (HDPE), Poly Propylene (PP), Woven Sacks, Bags and Fabrics (Registered Activity and also Confirmed by management). |
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|
|
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No. of Employees
: |
600 (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 |
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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 was incorporated in the year 1990. It is a manufacturer
and exporter of high density polythene, poly propylene, woven sacks, bags and
fabrics.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
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
31-03-2018.
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 25.05.2018
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. Narendra |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-66368751 |
|
Date : |
23.05.2018 |
LOCATIONS
|
Registered Office : |
406, 4th Floor, 33-A, Lotus House, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
91-22-66338751/ 52 |
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Fax No.: |
91-22-22072660 |
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E-Mail : |
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|
Website : |
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Location: |
Owned |
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Locality: |
Commercial |
|
|
|
|
Factory : |
S. No. 51, Kuvavalu, Village Kachigam, Near Daman Ganga Garden, Daman –
396210, Daman and Diu (U.T.), India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijaykumar Laxminarayan Agarwal |
|
Designation : |
Director |
|
Address : |
2301 and 2302, F:23, W:B, P:1/268, B Wing, Raheja Atlantis,
Lower Parel, Ganpatrao Kadam Marg, Delisle Road, Mumbai - 400013,
Maharashtra, India |
|
Date of Birth/Age : |
13.05.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
20.02.2009 |
|
PAN No.: |
AABPA4310N |
|
DIN No.: |
01250424 |
|
|
|
|
Name : |
Mr. Pradeepkumar Laxminarayan Agarwal |
|
Designation : |
Director |
|
Address : |
Tirupati Apartments, 802, Ashish Building, Peddar Road,
Near Mahalaxmi Mandir, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
26.06.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.12.2008 |
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PAN No.: |
AABPA5295L |
|
DIN No.: |
02206116 |
|
|
|
|
Name : |
Mr. Rajeshkumar Vijaykumar Agarwal |
|
Designation : |
Director |
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Address : |
2A, Jai Hind Building, Dr. Atamaram Merchan Road,
Bhuleshwar, Mumbai - 400002, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1988 |
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Qualification : |
Graduate |
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Date of Appointment : |
29.01.2012 |
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PAN No.: |
AEVPA0042H |
|
DIN No.: |
05163726 |
|
|
|
|
Name : |
Mr. Rahulkumar Niranjankumar Agarwal |
|
Designation : |
Director |
|
Address : |
C-802, Tirupati Apartments, Ashish Building, Bhulabhai
Desai Road, Mumbai - 400026, Maharashtra, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.01.2015 |
|
DIN No.: |
06631306 |
KEY EXECUTIVES
|
Name : |
Mr. Narendra |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Niranjan Kumar Agarwal |
40065 |
|
Niranjan Kumar Agarwal HUF |
13455 |
|
Nirmala Agarwal |
35405 |
|
Rahul Agarwal |
4075 |
|
Vijay Kumar Agarwal |
20390 |
|
Vijay Kumar Agarwal HUF |
4990 |
|
Rajesh Agarwal |
10380 |
|
Neeta Agarwal |
4235 |
|
Pradeep Kumar Agarwal |
13900 |
|
Pradeep Kumar Agarwal- HUF |
11660 |
|
Rita Agarwal |
37320 |
|
Anusita Agarwal |
260 |
|
Subhashchand Agarwal- HUF |
4575 |
|
L. N. Kandoi and Sons - HUF |
62045 |
|
Laxminarayan Agarwal - HUF |
5655 |
|
Subhashchandra G Agarwal |
110 |
|
Mohanlal Pareek |
275 |
|
Total |
268795 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
99.90 |
|
Public/Other than promoters (Individual/Hindu Undivided Family
– Indian) |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and exporting of High Density Polyethylene (HDPE), Poly Propylene (PP), Woven Sacks, Bags and Fabrics (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 : |
Finished Goods |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Others (RTGS) |
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Purchasing : |
Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and End Users
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No. of Employees : |
600 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Lalit Mehta Associates Chartered Accountants |
|
Address : |
Bharat House, 2nd Floor, Office No. 5, 104 Bombay, Samachar Marg, Fort, Mumbai – 400001, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFL5763D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with key management personnel and their relatives: |
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CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 100/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
268795 |
Equity Shares |
INR 100/- each |
INR 26.880 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
26.880 |
26.880 |
5.376 |
|
(b) Reserves & Surplus |
835.378 |
680.941 |
560.280 |
|
(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) |
862.258 |
707.821 |
565.656 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
56.430 |
23.004 |
17.527 |
|
(b) Deferred tax liabilities (Net) |
3.316 |
5.740 |
6.922 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
59.746 |
28.744 |
24.449 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
38.336 |
4.326 |
17.827 |
|
(b) Trade
payables |
39.791 |
37.011 |
49.890 |
|
(c) Other
current liabilities |
31.307 |
24.350 |
17.498 |
|
(d) Short-term
provisions |
84.000 |
78.200 |
118.500 |
|
Total Current
Liabilities (4) |
193.434 |
143.887 |
203.715 |
|
|
|
|
|
|
TOTAL |
1115.438 |
880.452 |
793.820 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
130.704 |
148.847 |
157.898 |
|
(ii)
Intangible Assets |
1.588 |
2.383 |
3.177 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
417.061 |
234.986 |
22.324 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
78.892 |
79.034 |
82.999 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
628.245 |
465.250 |
266.398 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
108.735 |
104.366 |
119.205 |
|
(c) Trade
receivables |
175.694 |
162.253 |
182.977 |
|
(d) Cash
and cash equivalents |
51.454 |
54.801 |
58.232 |
|
(e) Short-term
loans and advances |
141.157 |
88.923 |
154.144 |
|
(f) Other
current assets |
10.153 |
4.859 |
12.864 |
|
Total
Current Assets |
487.193 |
415.202 |
527.422 |
|
|
|
|
|
|
TOTAL |
1115.438 |
880.452 |
793.820 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1634.132 |
1715.951 |
1822.924 |
|
|
Other Income |
44.407 |
30.659 |
18.362 |
|
|
TOTAL |
1678.539 |
1746.610 |
1841.286 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1015.505 |
1050.456 |
1254.899 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.211) |
9.177 |
(15.452) |
|
|
Employee benefit expense |
114.689 |
136.062 |
146.230 |
|
|
Other expenses |
289.018 |
299.588 |
247.740 |
|
|
TOTAL |
1412.001 |
1495.283 |
1633.417 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
266.538 |
251.327 |
207.869 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.119 |
3.807 |
3.833 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
260.419 |
247.520 |
204.036 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.253 |
27.422 |
30.009 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
235.166 |
220.098 |
174.027 |
|
|
|
|
|
|
|
Less |
TAX |
80.730 |
77.933 |
60.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
154.436 |
142.165 |
113.737 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
574.55 |
528.90 |
2115.68 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
Expected Sales (2018-2019): INR 2200.000 Million (Due to business
growth)
The above information has been parted by Mr. Narendra (Accounts
Executive)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
184.407 |
303.307 |
203.782 |
|
Net cash flows from (used in) operating activity |
105.259 |
226.053 |
131.697 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
39.24 |
34.51 |
36.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.30 |
10.58 |
9.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
14.30 |
12.86 |
14.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.45 |
2.41 |
1.74 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.01 |
1.66 |
1.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.22 |
0.19 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.11 |
0.04 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.22 |
0.20 |
0.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.15 |
0.21 |
0.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
43.56 |
66.02 |
54.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.45 |
8.28 |
6.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.85 |
16.15 |
14.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.91 |
20.08 |
20.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.52 |
2.89 |
2.59 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.96 |
2.16 |
2.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.77 |
0.80 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.53 |
1.02 |
6.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.52 |
2.89 |
2.59 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
5.376 |
26.880 |
26.880 |
|
Reserves & Surplus |
560.280 |
680.941 |
835.378 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
565.656 |
707.821 |
862.258 |
|
|
|
|
|
|
Long-term borrowings |
17.527 |
23.004 |
56.430 |
|
Short term borrowings |
17.827 |
4.326 |
38.336 |
|
Total
borrowings |
35.354 |
27.330 |
94.766 |
|
Debt/Equity
ratio |
0.063 |
0.039 |
0.110 |
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 |
1822.924 |
1715.951 |
1634.132 |
|
|
0.000 |
(5.868) |
(4.768) |
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 |
1822.924 |
1715.951 |
1634.132 |
|
Profit/ (Loss) |
113.737 |
142.165 |
154.436 |
|
|
6.24% |
8.28% |
9.45% |
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 |
Yes |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last four years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
28] |
Estimation for coming financial year |
Yes |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF BUSINESS
The Company is engaged in the business of manufacturing and exporting of High Density Polyethylene (HDPE), Poly Propylene (PP), Woven Sacks, Bags and Fabrics. There was no change in the nature of the business of the Company during the year.
OPERATION AND STATE
OF THE AFFAIRS OF THE COMPANY
During the financial year ended on March 31, 2017, the Company earned gross revenue of INR 1678.500 million as against INR 1746.600 million in the previous year. During the period ended on March 31, 2017, the Company has earned net profit of INR 154.400 million as against INR 142.100 million in the previous year.
At present the Company is doing its existing line business to the optimum use of its resources and is taking the effort to improve its Earning per Share (EPS) and management has no plan of venturing into any new Business
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
42.523 |
14.294 |
|
Other loans and advances |
13.907 |
8.710 |
|
Total |
56.430 |
23.004 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C77494953 |
10616902 |
KOTAK MAHINDRA BANK LIMITED |
27/08/2015 |
- |
- |
40000000.0 |
DOSSA MANSION, GROUND FLOOR, 61, SIR P.M.ROAD, FORT, MUMBAI-400001, MAHARASHTRA, INDIA |
|
2 |
B98515414 |
10455172 |
CITIBANK N. A. |
24/09/2013 |
06/07/2017 |
- |
60000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR, PLOT NO.C-54, C-55, G-BLOCK, BKC, BANDRA (EAST),MUMBAI-400051, MAHARASHTRA, INDIA |
|
3 |
B86742483 |
10181711 |
The Royal Bank of Scotland N V |
22/09/2009 |
14/01/2012 |
07/10/2013 |
70000000.0 |
7TH FLOOR, SAKHAR BHAVAN,NARIMAN POINT, MUMBAI-400021, MAHARASHTRA, INDIA |
|
4 |
B86741741 |
10224465 |
The Royal Bank of Scotland N.V. |
01/06/2010 |
09/07/2012 |
07/10/2013 |
70000000.0 |
4, NORTH AVENUE, LEVEL 3, MAKER MAXITYBANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI-400051, MAHARASHTRA, INDIA |
|
5 |
B85900991 |
90154039 |
HDFC BANK LTD. |
29/05/2004 |
- |
26/09/2013 |
25000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG; LOWER PAREL, MUMBAI-400003, MAHARASHTRA, INDIA |
|
6 |
B30942734 |
10244741 |
The Royal Bank of Scotland N.V. |
27/09/2010 |
- |
14/01/2012 |
25000000.0 |
74, SAKHAR BHAVAN,7TH FLOOR, NARIMAN POINT,MUMBAI-400021, MAHARASHTRA, INDIA |
|
7 |
A90045121 |
90154022 |
HDFC BANK LTD. |
18/03/2004 |
- |
08/07/2010 |
10000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG; LOWER PAREL, MUMBAI-400003, MAHARASHTRA, INDIA |
|
8 |
A84828375 |
90152705 |
BOMBAY MERCALTILE CO-OP. BANK LTD. |
23/12/1985 |
- |
23/04/2010 |
13750000.0 |
78; NOND ALI ROAD, MUMBAI-400003, MAHARASHTRA, INDIA |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Vehicles
·
Computer equipments
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
POON |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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.