MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMSON LABORATORIES PRIVATE LIMITED |
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Registered Office : |
Shiv Mandir, Lane Allipur, New Delhi – 110036 |
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Country : |
India. |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.02.1985 |
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Com. Reg. No.: |
020099 |
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CIN No.: [Company
Identification No.] |
U74899DL1985PTC020099 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS03701F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Pharmaceuticals Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 21232 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed Company having satisfactory
track. Trade relations are fair. Business is active. Payments are reported as
usually correct and as per Commitments. The Company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Shiv Mandir, Lane Allipur, New Delhi – 110036, India. |
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Tel. No.: |
91-11-27415859 |
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E-Mail : |
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Factory : |
Khasara No. 152, Mauza Sansiwala, Near Truck Union, Barotiwala, Solan,
India. |
DIRECTORS
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Name : |
Mr. Harish Goyal |
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Designation : |
Director |
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Address : |
Neel Kanth Apartments, Sector – 13, Rohini, Delhi – 110085, India. |
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Date of Appointment : |
11.02.1985 |
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Name : |
Mr. Janak Raj Goyal |
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Designation : |
Director |
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Address : |
Neel Kanth Apartments, Sector – 13, Rohini, Delhi – 110085, India. |
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Date of Birth/Age : |
20/04/1941 |
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Date of Appointment : |
11.02.1985 |
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Name : |
Mr. Vinod Goyal |
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Designation : |
Director |
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Address : |
Neel Kanth Apartments, Sector – 13, Rohini, Delhi – 110085, India. |
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Date of Birth/Age : |
12/04/1962 |
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Date of Appointment : |
15.11.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2006
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Names of Shareholders |
No. of Shares |
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Mr. J R Goyal |
5400 |
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Mr. Harish Goyal |
2300 |
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Shanti Devi |
2700 |
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Sapna Goyal |
500 |
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Mr. V K Goyal |
49 |
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Mr. J R Goyal, HUF |
900 |
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Mr. Mahesh Kumar Gupta |
251 |
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Mrs. Kusum Gupta |
1 |
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Mr. H R Agarwal |
1 |
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Mrs. Kanta Goyal |
400 |
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Mr. Yogesh Wadhawan |
750 |
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Mrs. Niti Wadhawan |
500 |
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Total |
13752 |
Equity Share breakup (Percentage of Total Equity)
As on 31.03.2006
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Sr. No. |
Category |
Percentage |
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1. |
Directors or relatives of directors |
56.00 |
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2. |
Other top fifty (50) shareholders (other
than listed above) |
44.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Pharmaceuticals Products. |
GENERAL
INFORMATION
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Bankers : |
v Bank of Baroda,
Shakti Nagar Chock, Delhi – 110007, India. v American Express
Bank v HDFC Bank
Limited |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Dalip Sachdava and Associates, Chartered Accountants |
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Address : |
D-10, Pandra Road, New Delhi, 110003, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000 |
Equity Shares |
Rs. 100/- Each |
Rs. 1.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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13752 |
Equity Shares |
Rs. 100/- Each |
Rs. 1.375
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.375 |
1.375 |
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2] Share Application Money |
0.250 |
0.250 |
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3] Reserves & Surplus |
3.683 |
0.994 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
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NETWORTH |
5.308 |
2.619 |
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LOAN FUNDS |
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1] Secured Loans |
9.660 |
4.268 |
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2] Unsecured Loans |
5.942 |
6.396 |
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TOTAL BORROWING |
15.602 |
10.664 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
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TOTAL |
20.910 |
13.283 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
16.128 |
1.489 |
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Capital work-in-progress |
0.705 |
6.028 |
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INVESTMENT |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.512
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1.786 |
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Sundry Debtors |
10.193
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5.184 |
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Cash & Bank Balances |
0.367
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0.265 |
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Other Current Assets |
0.000
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0.000 |
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Loans & Advances |
1.943
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1.801 |
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Total
Current Assets |
17.015
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9.036 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
12.938
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3.270 |
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Provisions |
0.000
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0.000 |
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Total
Current Liabilities |
12.938
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3.270 |
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Net Current Assets |
4.077
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5.766 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
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TOTAL |
20.910 |
13.283 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
37.278 |
10.224 |
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Other Income |
0.000 |
0.000 |
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Total Income |
37.278 |
10.224 |
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Profit/(Loss) Before Tax |
2.952 |
0.174 |
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Provision for Taxation |
0.264 |
0.064 |
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Profit/(Loss) After Tax |
2.688 |
0.110 |
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Expenditures : |
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Other Expenditure |
34.326 |
10.050 |
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Total Expenditure |
34.326 |
10.050 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total
Income |
(%) |
7.21
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1.07 |
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Net Profit Margin (PBT/Sales) |
(%) |
7.92
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1.70 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
7.92
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1.70 |
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Return on Investment (ROI) (PBT/Networth) |
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0.56
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0.07 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.44
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1.25 |
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Current Ratio (Current Asset/Current Liability) |
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1.31
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2.76 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
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This form is for |
Creation of Charge |
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Corporation identity number (CIN) or foreign company registrations number of the company |
U74899DL1985PTC020099 |
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Name of the company |
SAMSON LABORATORIES PRIVATE LIMITED |
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Address |
Shiv Mandir, Lane Allipur, New Delhi – 110036, India. |
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Type of Charges |
Hypothecation |
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Whether consortium finance is involved |
No |
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Number of charge holder(s) |
1 |
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Particular of the charge holder |
Name : Bank of Baroda Address: Shakti Nagar Chock City : Delhi Country : IN Pin Code : 110007 |
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Nature or description of the instrument creating or modifying the charge |
Composite Hypothecation Agreement |
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Date of the instrument creating charge |
29/03/2006 |
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Amount Secure by the charge |
Rs. 3.000 millions |
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Brief particulars of the principal terms and conditions and extent and operation of the charge |
1.5% Over BPLR i.e. 12% p.a. with monthly rests |
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In case of acquisition of property, subjected to charge, furnish the details relating the existing charge on the property so acquired |
v Stock in trade v Book Debts |
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Short particulars of the Property charged |
As per Attachment |
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Whether any of the property or interest therein under reference is not registered in the name of the company |
Yes |
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Name of the company |
SAMSON LABORATORIES PRIVATE LIMITED |
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Presented By |
Harish Goyal, Director |
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1) Date and description of instrument creating the change |
09.09.2004 Hypothecation of machinery LDOC 98. 09.09.2004 Memorandum of Deposit of titles deed LDOC 98. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 7.500 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Land and Building of Khasara 152 Marya Sansiwala Barotiwala, Tehsil, Kasauli , Solan, Himachal Pradesh |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Margin 9% for Building RBI 11.5% repayable in 60 monthly installment of Rs. 0.125 millions |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda, Shakti Nagar, Delhi- 110007, India. |
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.96 |
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UK Pound |
1 |
Rs. 78.66 |
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Euro |
1 |
Rs. 63.31 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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48 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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