MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASSOCIATED
CAPSULES PRIVATE LIMITED |
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Registered Office : |
131, Kandivli Industrial Estate, Kandivli
(West), Mumbai- 400067, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.07.1961 |
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Com. Reg. No.: |
11-12061 |
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CIN No.: [Company
Identification No.] |
U24239MH1961PTC012061 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA18885G |
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PAN No.: [Permanent
Account No.] |
AAACA4769K |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturers and
Sellers of hard gelatin capsule shells I.P coating on various substracts and
lamination printed / unprinted films / sheets of PVC, PP and other materials. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 13000000 |
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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 well
established and reputed company engaged in manufacturing and
marketing/exporting of hard gelatine capsule shells, HPMC Capsule Shells,
Coated/Laminated Siltted Firms and Cold Form Blisters and PVC films. The company has
been making good progress consistently. Directors are well experienced and
very resourceful industrialists. Trade relations are reported as fair.
Payments are usually made as per commitments. It can be
considered good for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
131, Kandivli Industrial Estate, Kandivli
(West), Mumbai- 400067, Maharashtra, India |
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Tel. No.: |
91-22-28682010 (9
Lines) |
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Fax No.: |
91-22-28686152/28682514/28684515 |
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E-Mail : |
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Website : |
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Area : |
4933 sq.mtr |
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Location : |
Owned |
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Corporate Office : |
10th
Floor, Dalamal House, Nariman Point, Mumbai – 400 021, Maharashtra, India |
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Tel. No.: |
91-22-2287
2557/58/59/2288 0461/2/3 /22856666 |
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Fax No.: |
91-22-22872560 |
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E-Mail : |
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Factory 2 : |
Village Shindewadi,
Shirwal, Taluka Khandala, District Satara, Maharashtra, India |
DIRECTORS
|
Name : |
Mr. Ajit Singh |
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Designation : |
Chairman cum
Managing Director |
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Address : |
131, Kandivli Industrial Estate, Kandivli (West), Mumbai – 400 067,
Maharashtra, India |
|
Date of Birth/Age : |
20.11.1941 |
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Date of Appointment : |
15.02.1964 |
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Name : |
Mr. Jasjit Singh |
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Designation : |
Director |
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Address : |
131, Kandivli Industrial Estate, Kandivli (West), Mumbai – 400 067,
Maharashtra, India |
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Date of Birth/Age : |
03.04.1943 |
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Date of Appointment : |
17.08.1964 |
KEY EXECUTIVES
|
Name : |
Mr. Navin C.
Asthana |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 29.09.2005)
|
Names of Shareholders |
No. of Shares |
|
Jasjit Singh and
Kavita Singh |
180 |
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Vijaya K. Kuverba |
18000 |
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Jasjit Singh and
Kavita Singh (Jasjit Singh HUF) |
12765 |
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Jasjit Singh and
Ajit Singh |
131114 |
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Kavita Singh and
Jasjit Singh |
3600 |
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Jasjit Singh and
Ajit Singh |
144936 |
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Nandini Singh, Jasjit Singh and Kavita Singh (Jointly) |
1980 |
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Jasjit Singh and
Ajit Singh (Trustees of Singh Family Trust) |
180 |
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Jasjit Singh and
Ajit Singh (Karta of Sardar Daljit Singh HUF) |
180 |
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Jasjit Singh and
Ajit Singh (Trustee of MNT will Trust) |
180 |
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Jasjit Singh and
Ajit Singh (Karta of Sardar Daljit Singh HUF) |
2700 |
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Jasjit Singh and Ajit
Singh (Karta of Sardar Daljit Singh HUF) |
2700 |
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Ajit Singh and
Jasjit Singh (Jointly) |
365032 |
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Ajit Singh |
16902 |
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Ajit Singh and
Jasjit Singh (Jointly) |
180 |
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Jasjit Singh and
Kavita Singh (Jointly) |
366287 |
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Jasjit Singh and Ajit
Singh (Partners: M/s Amil Enterprise) |
1620 |
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Kavita Singh and
Jasjit Singh |
180 |
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Priya Singh,
Jasjit Singh and Kavita Singh (Jointly) |
1980 |
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Karan Singh,
Sardar Daljit Singh, Jasjit Singh (Jointly) |
1980 |
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M/s. Ajas Components
Private Limited |
65600 |
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M/s Bulk Buyers |
21701 |
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Total |
1159977 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2007)
|
Category |
Percentage |
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Bodies Corporate |
5.76 |
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Directors or relatives of directors |
92.66 |
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Others |
1.58 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and
Sellers of hard gelatin capsule shells I.P coating on various substracts and lamination
printed / unprinted films / sheets of PVC, PP and other materials. |
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Products : |
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Imports : |
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Countries : |
Europe |
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Terms : |
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Purchasing : |
L/C and Credit
terms |
GENERAL
INFORMATION
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No. of Employees : |
Around 1800 |
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Bankers : |
·
Standard
Chartered Grindlays Bank Limited, ORD SA, 90, M. G. Road, Mumbai – 400 001,
India ·
Bank of
India ·
State Bank of
India, Virani Industrial Estate, Goregaon (East), Mumbai – 400 050,
India ·
ICIC Bank
Limited Landmark Race Cource Circle, Alkapuri, Baroda – 390 015, Gujarat,
India ·
ANZ
Grindlays Bank Limited 90, M. G. Road, Mumbai – 400 001, Maharashtra, India |
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Facilities : |
CC, 2 Term Loans |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
A. J. Shah &
Company Chartered
Accountants |
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Address: |
Chambers “C” Block, 65, Tamarind Lane, Fort, Mumbai – 400023,
Maharashtra, India |
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Group
Companies: |
·
Ajas Agrovat
Foundation ·
Amil
Enterprises ·
Associated
Traders & Manufacturers ·
Ajas
Components Private Limited ·
Ascap
Holdings ·
Bulk Buyers ·
Capsulabs ·
Custom
Capsules Private Limited ·
Centercops ·
Dahanu
Corporation ·
Emell Audhyowgik
Samshodhan Nigam ·
Extra Hands ·
Jasjit Singh
(HUF) ·
Universal
Capsules Private Limited ·
Aries
Components Manufacturing & Company ·
MNT Will
Trust ·
Laxmi Devi
Deity Trust ·
Lord Krishna
Deity Trust ·
Lord Shiv
Shankar Deity Trust ·
Nepean
Holding Private Limited ·
Pam
Pharmaceutical & Allied Machinery Company Private Limited ·
Pam Glatt
Pharma Technologies Private Limited ·
Pam Pac
Machines Private Limited ·
Pharmagents ·
Universal
Capsules (L.l.C.) ·
Reflection ·
Sardar
Daljit Singh (HUF) ·
Scitech
Centre ·
PT.
Universal Capsules Indonesia ·
Universal
Capsules Philippines Inc. ·
Fmepean
Holding |
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Associates/Subsidiaries : |
·
Aries
Components Manufacturing Private Limited ·
Associated
Traders & Manufacturers ·
Ashagadh
Trading Investment and Finance Company ·
Bombay Suburban
Finance & Investment Company Private Limited ·
Nontrade
Exports Private Limited ·
Kandivli
Finance Company Private Limited ·
Navrang
Investment and Trading Company Private Limited ·
Nepean
Holdings Private Limited ·
Pam Glatt Pharma
Technologies Private Limited ·
Profile:
PAM-Glatt was set up as a joint venture between ACG Worldwide and Glatt GmbH,
Germany, pioneers of fluid bed technology, for the manufacture of world class
FBE fluid bed processors in India. ·
The FBE fluid bed processors provide cost-effective
solutions for standard applications in the pharmaceutical, chemical, food and
feed industries. It is versatile over a wide range of processes including
batch granulation, agglomeration of powder products, top spray film coating
and batch drying of moist substances. ·
The plant at Mumbai conforms to all GMP and safety
standards worldwide, including those specific to dust explosion. A quick
action stop valve has been introduced to guarantee optimum protection of
people, equipment and the working environment. ·
Pam Pac
Machines Private Limited o
PAM-PAC also
represents IWKA in India for an advanced range of high speed machines for
blister packing, cartoning, tube filling and specially customized machinery. ·
Pharmagenets ·
Surya
Capsules Private Limited ·
Western
India Pharmaceutical Services Private Limited ·
Katol Land
Development & Trading Company Private Limited ·
Reflections ·
Universal
Capsules Limited ·
Nontrade
Exports Private Limited ·
Rajasthan
Capsules Private Limited ·
Universal
Capsules Private Limited ·
Profile: It
is an active member and US subsidiary of ACG Worldwide. It is one of the few
organizations in the world to offer end-to-end solutions in solid dosage
systems. It manufactures from empty gelatine capsules to natural vegetarian
capsules; from capsule-filling machines to packaging films and blister
packing machines. o
Subject
represents ACG Worldwide in Indonesia and surrounding countries, to market
their entire range of empty hard gelatin capsules, capsule filling and
sorting machines, pharmaceutical grade PVC and PVdC coated PVC films, and
blister packaging machines. ·
Known for its reliable supplies of high quality
capsules, low rejection levels, guaranteed machine performance and its
unswerving dedication to fight spurious drug manufacturers, the company has
established itself in the region as one of the leading suppliers of solid
dosage delivery formulations. ·
The company has had a long-term relationship with
local ethical pharmaceutical manufacturers as well as herbal manufacturers (JAMU)
and even provides for Apotek and pharmacies. Leading pharmaceutical giants
including PT Sanbe, PT Soho, PT Pharos, PT Medion, PT Indopharma, PT Zenith
and many others form a part of the company's vast clientele. ·
Besides
having received certificates of approval from HALAL, Malaysia and the ISO
9002 Certification, the company is expecting the Indonesian MUI Certification
as well. ·
ACL
Packaging Private Limited o
Profile: A
pioneer in introducing PVdC coated PVC films in India, the Associated Capsule
Limited - Packaging Films Division provides the complete range of high
quality barrier packaging films for blister packing. It is the only unit in
India, which manufactures rigid substrate PVC films as well as moisture
barrier PVdC coatings and laminations on the film, ensuring total control on
quality. ·
Aluminium
Cold Forming Blister Foil and pinhole-free lidding foil is also marketed in
collaboration with VAW, Germany. For extremely hygroscopic formulations, a
W&H laminator manufactures Triplex PVC/PE/PVdC films. PVC/ACLAR films are
laminated in collaboration with world leader Honeywell, USA. Aluminium Cold
Forming Blister Foil is also marketed in collaboration with VAW, Germany. ·
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24,00,000 |
Equity Shares |
Rs 5/- each |
Rs 12.000 Millions |
|
30000 |
Preference Shares
|
Rs. 100/- each |
Rs. 3.000 Millions |
|
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Total |
|
Rs. 15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1138276 |
Equity Shares |
Rs 5/- each |
Rs 5.691 Millions |
|
21701 |
Preference Shares
|
Rs. 100/- each |
Rs. 2.170 Millions |
|
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Total |
|
Rs. 7.861 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
7.861 |
7.861 |
7.861 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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2] Reserves & Surplus |
2591.414 |
2116.728 |
1798.248 |
|
2] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
NETWORTH
|
2599.275 |
2124.589 |
1806.109 |
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LOAN FUNDS |
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1] Secured Loans |
57.341 |
25.754 |
71.071 |
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2] Unsecured Loans |
328.042 |
244.824 |
219.695 |
TOTAL
BORROWING
|
385.383 |
270.578 |
290.766 |
|
DEFERRED TAX
LIABILITIES |
37.105 |
32.998 |
44.585 |
|
|
|
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TOTAL
|
3021.763 |
2428.165 |
2141.460 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
708.569 |
616.398 |
592.454 |
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Capital work-in-progress |
4.193 |
10.105 |
34.120 |
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INVESTMENTS |
682.867 |
366.766 |
77.641 |
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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Inventories |
274.007 |
207.244 |
186.971 |
|
Sundry Debtors |
883.079 |
794.793 |
788.442 |
|
Cash & Bank Balances |
31.523 |
56.296 |
40.834 |
|
Loans & Advances |
1070.623 |
938.329 |
639.327 |
|
Total Current Assets |
2259.232 |
1996.662 |
1655.574 |
|
Less: CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Current Liabilities |
363.416 |
337.271 |
167.710 |
Provisions
|
273.246 |
229.843 |
59.009 |
Total Current Liabilities
|
636.662 |
567.114 |
226.719 |
Net
Current Assets
|
1622.570 |
1429.548 |
1428.855 |
|
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MISCELLANEOUS
EXPENSES |
3.564 |
5.348 |
8.390 |
|
|
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TOTAL
|
3021.763 |
2428.165 |
2141.460 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
3419.816 |
2809.053 |
2608.650 |
|
|
Total Income |
3419.816 |
2809.053 |
2608.650 |
|
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|
|
|
|
|
|
Profit/(Loss) Before Tax |
641.330 |
486.217 |
347.506 |
|
|
Provision for Taxation |
0.000 |
0.000 |
129.756 |
|
|
Profit/(Loss) After Tax |
641.330 |
486.217 |
217.750 |
|
|
|
|
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Earnings in Foreign Currency : |
|
|
|
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Total Earnings |
1139.540 |
987.940 |
870.370 |
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Imports : |
|
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|
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Total Imports |
0.000 |
0.000 |
208.480 |
|
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Expenditures : |
|
|
|
|
|
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Depreciation |
82.319 |
83.958 |
0.000 |
|
|
Interest |
21.206 |
16.576 |
0.000 |
|
|
Other Expenditure |
2674.961 |
2222.301 |
1994.075 |
|
Total Expenditure |
2778.486 |
2322.835 |
2261.144 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
18.75
|
17.30
|
8.35 |
|
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|
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|
Net Profit Margin (PBT/Sales) |
(%) |
18.75
|
17.30
|
13.32 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.61
|
18.60
|
14.73 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.22
|
0.19 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.39
|
0.39
|
0.29 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
3.55
|
3.52
|
7.30 |
LOCAL AGENCY
FURTHER INFORMATION
Form No. 8
|
Name of the company |
ASSOCIATED
CAPSULES PRIVATE LIMITED |
|
Presented By |
ASSOCIATED
CAPSULES PRIVATE LIMITED |
|
1) Date and description of instrument creating the change |
Deed of Hypothecation
of Goods, Machinery and Book Debts dated 29.03.1984 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.11.400
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 |
The whole of the
movable property of the Company situate at Kandivli, Mumbai in the State of
Maharashtra including the Company’s movable plant and machinery, machinery
spares, tools and accessories and other movables both present and future
(save and expect book debts) (therein and hereinafter referred to as “the
said Goods”). |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Various Working Capital
Fund Fund based facilities to the extent of Rs.40.000 millions and Non Fund
based facilities of Rs.11.000 millions. Rate of Interest applicable would be the PLR (Prime
Lending Rate) of the Bank. Security Clause The Working Capital Facility is secured by
First pari-passu charge with other Bankers in consortium on stocks and Book
debts of the Company and by way of second charge on pari-passu basis with
other Bankers in consortium on block assets. |
|
5) Name and Address and description of the person entitled to the charge. |
ANZ Grindlays
Bank Limited 90, M. G. Road,
Mumbai – 400 001, Maharashtra, India |
|
6) Date and brief description of instrument modifying the charge |
A Joint Mortgage
executed on the 24th day of February, 1997 a joint mortgage was
created by the Company jointly in favour of ICICI. ANZ Gridlays Bank (ANZ
GB), Bank of Tokyo and Mitsubishi Limited (BOTM), Bank of India (BOI) and
State Bank of India (SBI) as Trustees for NCDS of Rs.8.000 millions
hereinafter referred to as “Lenders”) by deposit of title deals with ICICI,
ICICI acting for itself and as agent of ANZGB, BOTM, BOI, and SBI as Trustees
in respect of the Company’s immovable properties situate at Kandivli, Mumbai
and Village Shindewadi, District Satara in the State of Maharashtra in order
to create a security thereon as and by way of a Joint mortgage by deposit of
title deeds pursuant to the Board of Directors of the Company on the 23rd
Day of February, 1997. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The Working
Capital Facility secured under the above Deeds of Hypothecation is also now
secured by the said joint mortgage by deposit of title deeds in respect of
the Company’s immovable properties situate at Kandivli, Mumbai and Village
Shindewadi, District Satara in the State of Maharashtra together with all
buildings and structures thereon and all Plant and Machinery attached to the
earth or permanently fastened to anything attached to the earth. |
|
Corporate
identity number of the company |
U24239MH1961PTC012061 |
|
Name of the
company |
ASSOCIATED
CAPSULES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
131, Kandivli
Industrial Estate, Kandivli (West), Mumbai- 400067, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book debts ·
Movable property
(not being pledge) |
|
Particular of
charge holder |
ICIC Bank Limited Landmark Race
Cource Circle, Alkapuri, Baroda – 390 015, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of instrument
Creating the charge |
29.06.2007 |
|
Amount secured by
the charge |
Rs.139.162
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest The aggregate of
applicable 6 months LIBOR and the margin of 0.85% Terms of
repayment Repayment in 4
equal installements at the end of each year starting from the second year Margin 0.85% Extent and
operation of the charge 1.
All tangible
and intangible movable assets of the Company incl. movable P and M/c, Elect.
Systems, Computer etc. pertaining to Co’s Plant at 131, Kand. Indl. Estate 2.
All
insurance Polocies or assignments of re-insurances and all rights, claims and
benefits receivable thereunder; 3.
All benefits
and claims of the Company in respect of all the Bank A/cts of the Company
pertaining to its Plant ak Khad; 4.
Stocks–in-trade
consisting of raw material, goods-in-process, semi and Finished and
book-debts of the Company. |
|
Particulars of
the property charged |
1.
All tangible
and intangible movable assets of the Company incl. movable P and M/c, Elect.
Systems, Computer etc. pertaining to Co’s Plant at 131, Kand. Indl. Estate 2.
All
insurance Polocies or assignments of re-insurances and all rights, claims and
benefits receivable thereunder; 3.
All benefits
and claims of the Company in respect of all the Bank A/cts of the Company
pertaining to its Plant ak Khad; 4.
Stocks–in-trade
consisting of raw material, goods-in-process, semi and Finished and book-debts
of the Company. |
History
Subject was incorporated on 13th July 1961 at Mumbai in
Maharashtra under the name and style of Associated Capsules Limited having
Company Registration Number 12061.
The company has converted into the private limited liability company
It is in trade
terms with:-
·
Ameija
Enterprises
·
AVS
Enterprises
·
Avadhoot Paper
Products
·
ID
Technologies Ambika Engineering Works
·
Multifilm
Plastics
·
Protocontrol
·
Primepack
Containrs
·
Suyash
Industries
·
Udit Packaging
·
Lead Edger
Papers
·
ABM
Enterprises
·
Asian
Electronics Limited
·
Udit Packaging
Private Limited
·
M-Con
Engineering Systems Private Limited
·
Roha Dyechem
Private Limited
·
Colorcon Asia
Private Limited
·
Anuradha Plas
& Tex Industries
·
Parekh
Packaging
·
Neelikon Food
Dyes & Chemicals
·
Narayan
Packaging
·
Sejal Plastics
·
Sterling
Gelatin
Fixed Assets:
Land, Buildings,
Plant & Machinery, Vehicles, Furniture / Fixtures, Speed Boat & Office
Equipments.
As Per Website
Profile
ACG Worldwide
is serving the pharmaceutical industry for four decades. They are one of the
largest manufacturers of hard gelatin capsules in the world. Comprising of ten
group companies including subsidiaries in USA and Indonesia, ACG Worldwide has
manpower strength of over 2700.
ACG
Worldwide provides world-class technology, the complete package of solutions -
from empty capsules to granulation and coating, to capsule filling, packaging
films, blister packing and carton packing. Their products are exported to over
65 countries and they have installed over 12,000 machines worldwide. They have
set high standards of quality, with most of their group companies acquiring
major international quality certifications.
ACG
Worldwide is committed to Research and Development for continuous delivery of
innovative solutions. Their research teams continuously strive to develop
innovative technology to offer their customers the competitive edge.
SciTech
Centre, the group's 50,000 sq. ft. R & D Center in the heart of Mumbai, is
a government recognized research institution. Over the last 25 years, it has
been actively engaged in research in the areas of dosage form development
including controlled release, pharmaceutical engineering, veterinary and
agricultural research, particularly in delivery systems.
Awards and Recognitions
ACG
Worldwide has become a name to reckon with in the pharmaceutical industry in a
time span of forty years due to a team effort. Various organizations have
conferred various awards & recognitions upon us. ACG Worldwide is headed by
distinguished personalities & any recognition received by them is an award
for ACG equally.
ACG
Worldwide received the OPPI Best vendor Company award for their contribution
towards saving a good amount of foreign exchange for India.
UK's
topmost capsule manufacturing company Leiner Group visited the Kandivali plant
to purchase its requirements for special purpose equipment for counting,
packing & handling soft gelatin capsules. "You have something to be
proud of" were his words on visiting the plant.
ACG
Worldwide has been a frequent recipient of 'Best Employer' award from the
Maharashtra government.
The
President of India lauded their efforts for incorporating physically challenged
and under privileged persons into their organization. They were conferred the
'Outstanding Employer' award for the physically challenged.
The
company's management was invited by the government to make a special
presentation on employment policies at the Tripartite Labour Conference at Delhi
consisting of public sector heads, union leaders & the government. It was
rare honour for a private sector company.
Partners and Alliances
"In
this new wave of technology, you can't do it all yourself, you have to form
alliances."
-
Carlos Slim Helu,
Mexican
businessman, third richest in the world.
Glatt,
IWKA, Honeywell, Brimrose, Alcan, Sarong, Proditec, Volpak are the eight
companies they have formed partnership & alliances with. All established
companies in their own right; they have contributed immensely to the value
addition of ACG Worldwide. They act as representatives of these global players
in the pharmaceutical industry in India, in a bid to make India proud on the
world map.
Glatt
Fluidized
bed systems is the pioneering product of Glatt.
IWKA
Suppliers
of systems and machines for pharmaceutical industry, IWKA the biggest name in
many other verticals too.
Honeywell
Aclar
film, the star product of Honeywell is the key ingredient in blister packaging.
Brimrose
The
final product quality check is facilitated due to PAT(Process Analytical
Technology). A technology developed by Brimrose.
Alcan
Packshield
is the alliance formed with Alcan, that aids in packaging of the various
products.
Sarong
Sarong is
a leading name in the machinery manufacturing & packaging materials
industry.
Proditec
Their
inspection systems products have helped in sorting & measurement of
capsules.
Volpak
They are
specialists in designing and manufacturing machines for flexible packages,
cartoners and case packers.
News
ACG Worldwide participates in Pharmtech 2006
ACG
Worldwide participated in Pharmtech Moscow, an exhibition held in Moscow,
Russia from 20 – 23rd November 2006.
A range
of engineering & consumable products that included Blister packing, capsule
filling machines and different types of Capsules and Packaging films was
displayed in this exhibition.
Legacy
6100 – the futuristic tabletting machine from Pam was inaugurated in grand
style. The exhibition was a grand success
TROPAC wins the PACMACHINE 2006 award
Tropical
Blister Packing machine – TROPAC, from Pampac Machines Private Limited won the
PACMACHINE 2006 award.
The
award function organized by the Indian Institute of packaging in the Leela
Kempenski Hotel, Mumbai on 13th December 2006. The eminent jury for judging the
entries consisted of Dr. S. D. Awale – Director NITIE, Mr. K. Murari – Addl.
Director ERTL, Dr. K. G. Narayankhedkar – Director, VJTI & Mr. Rajeev Dhar
– Director IIP.
Mr.
Sandeep Kulkarni, VP - Pampac is seen receiving the award.
ACG Worldwide participates in Indiapack 2006
ACG
Worldwide now caters to many sectors and businesses other than Pharmaceuticals.
It participated in a non-pharma exhibition for the first time in Indiapack
2006. The exhibition was held in Mumbai, India from 11 – 14th December 2006.
On the
display were the various barrier and flexible packaging films, online check
weigher, special purpose cartooning machine “AT – Pac” and various samples of
ranging from blisters & cartons to pouches showing their capability.
It won
the second prize for “Technology in Packaging” at the Indiapack show for the
machines exhibited in the stall.
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 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 |
Rs.43.13 |
|
UK Pound |
1 |
Rs.85.02 |
|
Euro |
1 |
Rs.67.77 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
|
TOTAL |
|
72 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|