|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510341 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CROWN WORLDWIDE PRIVATE LIMITED (w.e.f. 17.04.2018) |
|
|
|
|
Formerly known
as.: |
CROWN WORLDWIDE MOVERS PRIVATE LIMITED |
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Registered
Office : |
C-3, M.I.D.C., Taloja, Raigad – 410208, Maharashtra |
|
Tel. No.: |
91-22-41171710 / 41171703 |
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Country : |
India |
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|
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Financials (as
on) : |
31.12.2016 |
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|
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Date of
Incorporation : |
16.07.1996 |
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|
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Com. Reg. No.: |
11-101121 |
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|
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Capital
Investment / Paid-up Capital : |
INR 324.559 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64120MH1996PTC101121 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACC6484D |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
The Company is primarily engaged in Relocations, Records Management and World Mobility services. (Registered activity) |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 3321000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Crown Worldwide Holdings Limited, Hong Kong” incorporated in the year 1996 and it was known as “Crown Worldwide Movers Private Limited. Later on 17th April 2018 the name was changed to “Crown Worldwide Private Limited” The subject is engaged in the business of relocation and record maintenance business mainly through transportation, loading and unloading services. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per indirect source we could find that the subject has achieved revenue of INR 1080 million for the year 2017 and has clocked a net margin of nearly 7.6% (On Provisional Basis). For the financial year 2016, the company has reported marginal decline in its revenue as compared to its previous year but has able to maintain average profit margin of 5.47% during the year. Rating takes into consideration, the robust financial risk profile marked by strong net worth base, comfortable debt level and steady cash accruals. Rating continue to derive strength from its long and established track record of tis business operation backed by established market position in the records management business, strong business, technical, and financial support from the parent “Crown Worldwide Holdings Limited”. However, these strengths are partially offset by exposure of company’s revenues and margin to cyclicality present in international trade, intense competitive pressure from other organized as well as unorganized players operating in the industry. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
13.04.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 28.05.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-85-84062743)
LOCATIONS
|
Registered Office : |
C-3, M.I.D.C., Taloja, Raigad – 410208, |
|
Tel. No.: |
91-22-41171710 / 41171703 |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kenneth Madrid |
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Designation : |
Director |
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Address : |
House V, Casa Del Sol 33, Ching Sau Lane Chung Hom Kok Hong kong |
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Date of Birth/Age : |
17.12.1954 |
|
Qualification : |
BA in Mathematics from Bowdoin College |
|
Date of Appointment : |
30.04.1998 |
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DIN No.: |
00513610 |
|
|
|
|
Name : |
Mr. James Thompson |
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Designation : |
Director |
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Address : |
House 42, Manderly Garden 48 Deep Water Bay Road Hongkong 0000000 Hong kong |
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Date of Birth/Age : |
14.01.1940 |
|
Qualification : |
Bachelor of Science degree in Aeronautical San Jose State University |
|
Date of Appointment : |
30.04.1998 |
|
DIN No.: |
00513613 |
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|
|
|
Name : |
Mr. Srinivas Subramanian Krishnan |
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Designation : |
Director |
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Address : |
A/6, Jevan Kala, Navghar Road, Mulund (East), Mumbai – 400081, Maharashtra, India |
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Date of Birth/Age : |
06.02.1968 |
|
Qualification : |
Mcom, ACMA, (India), ACMA, (UK), CFA (India), MBA (Chicago), CGMA (US), ACSTH |
|
Date of Appointment : |
14.06.2010 |
|
PAN No.: |
ARBPK4940P |
|
DIN No.: |
03114008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2016
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Crown Worldwide Holdings Limited, |
|
2447934 |
|
Crown Worldwide Investments Limited, |
|
1 |
|
|
|
|
|
Total |
|
2447935 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Crown Worldwide Holdings Limited, |
|
797657 |
|
|
|
|
|
Total |
|
797657 |
Equity Share Break up (Percentage of Total Equity)
As on 29.06.2017
|
Category |
Percentage |
|
Promoter – Others - Foreign Body Corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in Relocations, Records Management and World Mobility services. (Registered activity) |
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Products / Services : |
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Brand Names : |
Not Divulged |
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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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
16th Floor, Tower Indiabulls Finance, SB Marg, Elphiston (West), Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFW4298E |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding companies.: (As on 31.12.2016) |
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Ultimate Holding Companies.: (As on 31.12.2016) |
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Fellow Subsidiary Companies.: (As on 31.12.2016) |
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Other related
parties.: (As on 31.12.2016) |
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CAPITAL STRUCTURE
As on 29.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3700000 |
Equity Shares |
INR 100/- each |
INR 370.000 Million |
|
800000 |
Preference Shares |
INR 100/- each |
INR 80.000 Million |
|
|
|
|
INR 450.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2447935 |
Equity Shares |
INR 100/- each |
INR 244.793 Million |
|
797657 |
Preference Shares |
INR 100/- each |
INR 79.766 Million |
|
|
|
|
INR 324.559
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
324.559 |
303.797 |
292.021 |
|
(b) Reserves and Surplus |
837.829 |
684.755 |
556.402 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
61.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1162.388 |
988.552 |
909.423 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
223.043 |
278.934 |
4.525 |
|
(b) Deferred tax liabilities (Net) |
54.510 |
46.586 |
31.331 |
|
(c) Other long-term
liabilities |
1.207 |
2.813 |
0.000 |
|
(d) long-term
provisions |
16.314 |
11.344 |
8.601 |
|
Total Non-current
Liabilities (3) |
295.074 |
339.677 |
44.457 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
55.000 |
|
(b) Trade payables |
126.934 |
130.410 |
178.112 |
|
(c) Other
current liabilities |
147.492 |
119.072 |
119.603 |
|
(d) Short-term
provisions |
5.753 |
5.372 |
5.167 |
|
Total Current
Liabilities (4) |
280.179 |
254.854 |
357.882 |
|
|
|
|
|
|
TOTAL |
1737.641 |
1583.083 |
1311.762 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1198.036 |
1115.801 |
703.532 |
|
(ii)
Intangible Assets |
2.245 |
0.802 |
0.856 |
|
(iii) Tangible assets
capital work-in-progress |
19.172 |
17.982 |
240.121 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
63.661 |
72.712 |
61.292 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1283.114 |
1207.297 |
1005.801 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6.151 |
5.702 |
3.853 |
|
(c) Trade
receivables |
239.574 |
274.931 |
223.188 |
|
(d) Cash and
bank balances |
152.785 |
43.872 |
12.984 |
|
(e)
Short-term loans and advances |
26.304 |
15.870 |
25.396 |
|
(f) Other
current assets |
29.713 |
35.411 |
40.540 |
|
Total
Current Assets |
454.527 |
375.786 |
305.961 |
|
|
|
|
|
|
TOTAL |
1737.641 |
1583.083 |
1311.762 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1007.269 |
1012.337 |
877.850 |
|
|
Other Income |
13.166 |
7.185 |
11.880 |
|
|
TOTAL |
1020.435 |
1019.522 |
889.730 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
233.289 |
211.754 |
195.802 |
|
|
CSR expenditure |
0.075 |
0.754 |
0.188 |
|
|
Other expenses |
581.914 |
579.774 |
516.117 |
|
|
TOTAL |
815.278 |
792.282 |
712.107 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
205.157 |
227.240 |
177.623 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.834 |
24.416 |
7.885 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
183.323 |
202.824 |
169.738 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
94.867 |
76.188 |
57.727 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
88.456 |
126.636 |
112.011 |
|
|
|
|
|
|
|
Less |
TAX |
33.381 |
47.506 |
39.939 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
55.075 |
79.130 |
72.072 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
24.29 |
35.51 |
NA |
|
Particulars |
|
|
31.12.2017 |
|
Revenue |
|
|
1080.000 |
|
Profit after tax (PAT) |
|
|
80.000 |
|
|
|
|
|
The above information has been gathered from indirect source (i.e. “CRISIL”)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Maturities of Long term debt |
62.770 |
26.240 |
0.928 |
|
Net cash flows from (used in) operations |
235.641 |
154.335 |
96.575 |
|
Net cash flows from (used in) operating activities |
211.214 |
117.246 |
87.037 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
86.81 |
99.13 |
92.80 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.20 |
3.68 |
3.93 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
33.35 |
39.85 |
46.10 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.17 |
0.20 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.33 |
0.35 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.25 |
0.31 |
0.07 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.24 |
0.26 |
0.39 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.05 |
1.15 |
1.04 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
9.40 |
9.31 |
22.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
5.47 |
7.82 |
8.21 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
3.17 |
5.00 |
5.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
4.74 |
8.00 |
7.93 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
1.62 |
1.47 |
0.85 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.60 |
1.45 |
0.84 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.67 |
0.62 |
0.69 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.88 |
1.00 |
0.21 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.62 |
1.47 |
0.85 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
292.021 |
303.797 |
324.559 |
|
Reserves & Surplus |
556.402 |
684.755 |
837.829 |
|
Share Application money
pending allotment |
61.000 |
0.000 |
0.000 |
|
Net
worth |
909.423 |
988.552 |
1162.388 |
|
|
|
|
|
|
Long-term borrowings |
4.525 |
278.934 |
223.042 |
|
Short term borrowings |
55.000 |
0.000 |
0.000 |
|
Current maturities of long-term
debts |
0.928 |
26.240 |
62.770 |
|
Total
borrowings |
60.453 |
305.174 |
285.812 |
|
Debt/Equity
ratio |
0.066 |
0.309 |
0.246 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
877.850 |
1012.337 |
1007.269 |
|
|
|
15.320 |
(0.501) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
877.850 |
1012.337 |
1007.269 |
|
Profit/ (Loss) |
72.072 |
79.130 |
55.075 |
|
|
8.21
% |
7.82
% |
5.47
% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS (As on 31.12.2016)
During the year, the company has earned a revenue of INR 1020.400 Million, registering a marginal growth of 0.10% over that of the previous year. After providing for depreciation, finance costs and taxes, the company earned profit after tax (PAT) of INR 55.100 Million which is 31% below the PAT earned during the previous year. Significant reduction in the profits are attributed to global recessionary trends and increased local competition.
There have been no material changes and commitments, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relate and the date of this Boards Report.
The company at regular intervals monitors the financial, operational, legal risk to the company through procedures like audit, inspections etc. There is no risk which in the opinion of the Board may threaten the existence of the company.
During the year, there has been no change in the nature of the business of the company. Further, there were no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future. The internal financial controls with reference to the financial statements are adequate.
OPERATIONS (As on
31.12.2016)
During the year, the revenue from World Mobility division grew by 6%. Revenue from Records Management division grew by 5%. The growth in these business segments have been attributed to winning new customers, better price realization, efficient capacity utilisation and improved operational efficiency. Revenue from the Relocation division has been down by 9% as compared to that of the previous year. Global recessionary trends and increased local completion are the main reasons for decline in the business for Relocations division. During the year, the company started a state of the art of facility at Bhubaneswar in the state of Orissa.
For the year 2017, the company has ambitious growth plans. Besides exploring different new service offerings, the company is also exploring new related business lines that can augment business income. With this focus in mind, the company is embarking on marketing efforts on a massive scale. The company proposes to start a new facility in Haryana soon.
COMPANY OVERVIEW (As
on 31.12.2016)
The company was incorporated as a private company on 16 July 1996 under the Companies Act, 1956. Its Registered Office is situated in Taloja, Dist. Raigad, Maharashtra. Besides, the Company operates from ten branches across India. It is a wholly owned subsidiary of Crown Worldwide Holdings Limited ('Holding Company'), headquartered in Hong Kong. The Company is primarily engaged in Relocations, Records Management and World Mobility services.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C54980230 |
10561931 |
HDFC BANK LIMITED |
31/03/2015 |
08/05/2015 |
- |
425000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
C50141225 |
10561629 |
HDFC BANK LIMITED |
20/03/2015 |
- |
- |
898431.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL WESTMUMBAIMH400013IN |
|
3 |
C33988619 |
10531868 |
HDFC BANK LIMITED |
24/06/2014 |
- |
- |
2150000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C11045739 |
10508677 |
HDFC BANK LIMITED |
15/04/2014 |
- |
- |
1171250.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
C11031796 |
10508729 |
HDFC BANK LIMITED |
15/04/2014 |
- |
- |
1159710.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
B89669642 |
10460539 |
HDFC BANK LIMITED |
02/11/2013 |
- |
- |
773000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
A75931535 |
10123295 |
Standard Chartered Bank |
05/08/2008 |
19/11/2009 |
- |
40000000.0 |
90, M G Road,Fort,MumbaiMH400001IN |
|
8 |
Y10351691 |
90244054 |
GE CAPITAL TFS LTD. |
23/02/2005 |
- |
- |
416000.0 |
4; LINK ROADJUNGPURA EXTN.NEW DELHIDL110014IN |
|
9 |
Y10351689 |
90244052 |
GE CAPITAL TRANSPORATATION SERVICES LTD. |
31/07/2003 |
- |
- |
920000.0 |
BANDRA KURLA COMPLEXMUMBAIMHIN |
|
10 |
Y10349990 |
90242353 |
ASSOCILATES INDIA FINANCIAL SERVICES PRIVATE LTD. |
28/02/2002 |
- |
- |
1687253.0 |
3; L.S.C. PUSHP VIHARNEW DELHIDL110062IN |
FIXED ASSETS
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- 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
|
INR |
|
US Dollar |
1 |
INR 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHT |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.