MIRA INFORM REPORT
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Report Date : |
19th June, 2006 |
IDENTIFICATION DETAILS
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Name : |
MSN
PHARMACHEM PRIVATE LIMITED |
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Registered Office : |
115/2RT,
2nd Floor, Sanjeeva Reddy Nagar, Hyderabad 560038, India |
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Country : |
India
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Date of Incorporation : |
17.11.2004 |
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Com. Reg. No.: |
01-44631 |
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CIN No.: [Company Identification No.] |
U24239AP2004PTC044631 |
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Legal Form : |
Private
limited liability company |
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Line of Business : |
Manufacturer
and Research and development in drugs, pharmaceuticals, intermediates and
chemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING
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STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
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Maximum Credit Limit : |
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Status : |
New Company |
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Payment Behaviour : |
- |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and obviously has no track of performance and financial
status. No payment records are available. The
company can be considered for any
business dealings on safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
115/2RT,
2nd Floor, Sanjeeva Reddy Nagar, Hyderabad 560038, India |
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Tel. No.: |
91-40-23816703,
23818903 |
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Fax No.: |
91-40-23815713 |
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E-Mail : |
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Location : |
Leased |
DIRECTORS
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Name : |
Dr.
M.S.N.Reddy |
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Designation : |
Director |
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Name : |
Smt.
M.Lakshmi Prasuna |
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Designation : |
Director |
MAJOR SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
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Manne Satyanarayana Reddy |
5000 |
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Manne Lakshmi Prasuna |
5000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
and Research and development in drugs, pharmaceuticals, intermediates and
chemicals. |
GENERAL INFORMATION
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Sister Concern : |
MSN
Labs Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 10 Each |
Rs. 1.000 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
As
the subject is a new company no financials are yet available.
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.45.89 |
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UK
Pound |
1 |
Rs.84.65 |
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Euro |
1 |
Rs.57.58 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses
an extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses
adequate working capital. No caution needed for credit transaction. It has
above average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial
& operational base are regarded healthy. General unfavourable factors
will not cause fatal effect. Satisfactory capability for payment of interest
and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse
factors are apparent. Repayment of interest and principal sums in default or
expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute
credit risk exists. Caution needed to be exercised |
Credit not recommended |