1. Summary Information
|
|
|
Country |
|
|
Company Name |
SCHILLER
HEALTHCARE INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Pravin Ratilal Gandhi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vikram Dhirajlal Sanghvi |
|
|
|
Registration # |
11-111307 |
|
Street Address |
111, |
||
|
Established Date |
15.10.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-22674119 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22673898 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Cardiac |
|
|
# of employees |
100
(Approximately) |
Product Name 2 |
Critical Care |
|
Paid up capital |
Rs. 42240900 /- |
Product Name 3 |
Spirometry Systems |
|
Shareholders |
Foreign holdings- 49.50% Directors or relatives of
directors – 49.50% Others 1% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
156,556,000 |
Current Liabilities |
103,679,000 |
|
Inventories |
119,581,000 |
Long-term Liabilities |
107,678,000 |
|
Fixed Assets |
22,466,000 |
Other Liabilities |
-- |
|
Deferred Assets |
205,000 |
Total Liabilities |
211,357,000 |
|
Invest& other Assets |
44,000 |
Retained Earnings |
45,254,000 |
|
|
|
Net Worth |
87,495,000 |
|
Total Assets |
298,852,000 |
Total Liab. & Equity |
298,852,000 |
|
Total Assets (Previous Year) |
291,321,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
459,094,000 |
Net Profit |
11,256,000 |
|
Sales(Previous yr) |
496,366,000 |
Net Profit(Prev.yr) |
6,921,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCHILLER HEALTHCARE INDIA PRIVATE LIMITED |
|
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|
|
Registered Office : |
111, |
|
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Country : |
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|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
15.10.1997 |
|
|
|
|
Com. Reg. No.: |
11-111307 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U33110MH1997PTC111307 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS22847G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCS5091B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Cardiac, Critical Care and Spirometry Systems. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 350000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and a reputed company having
satisfactory track. Trade relations are reported as fair. Business is active.
Payments are reported to be usually Correct and as per commitments. The company can be considered normal for business dealings 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
111, |
|
Tel. No.: |
91-22-22674119 / 28263520 / 0269 / 66920520 |
|
Fax No.: |
91-22-22673898 / 25263525 /3258 / 28263525 / 28263520 |
|
E-Mail : |
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Website : |
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Corporate Office : |
D C Silk Mills Compound, A Wing, 1st Floor, 5, Chunawala Estate,
Kondivita Lane, Andheri – Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-61523333 / 28263520 / 56920520 / 39550953 |
|
Fax No.: |
91-22-28263525 |
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E-Mail : |
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Factory 1 : |
408/5-2, Ground Floor, 7th Main, 2nd Block, Jayanagar, |
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Tel. No.: |
91-80-26564045 / 4959 / 3092344 |
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Fax No.: |
91-80-26564045 |
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E-Mail : |
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Factory 2 : |
No. 17, Pondy |
|
Tel No.: |
91-413-278160 /279240 / 2291160 / 2949 / 309 8599 |
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Mobile No.: |
91- 9366192052 |
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Fax No.: |
91-413-279240 / 0413-2291240 |
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Email : |
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Branches : |
Located At :
|
DIRECTORS
As On : 21.07.2010
|
Name : |
Mr. Pravin Ratilal Gandhi |
|
Designation : |
Director |
|
Address : |
19 Fulchand Nivas, 5th Floor, |
|
Date of Birth/Age : |
29.06.1944 |
|
Date of Appointment : |
15.10.1997 |
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|
|
Name : |
Mr. Vikram Dhirajlal Sanghvi |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Shangri la, 27-A, |
|
Date of Birth/Age : |
26.08.1959 |
|
Date of Appointment : |
01.04.2009 |
|
|
|
|
Name : |
Mr. Doppler George Domnik |
|
Designation : |
Director |
|
Address : |
Brueoelstrasse 66, CH -6415, |
|
Date of Birth/Age : |
16.10.1968 |
|
Date of Appointment : |
29.05.2001 |
|
|
|
|
Name : |
Mr. Eugen Alfred Schiller |
|
Designation : |
Director |
|
Address : |
Plot No. 112, |
|
Date of Birth/Age : |
08.04.1943 |
|
Date of Appointment : |
26.04.1998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On : 21.07.2010
|
Names of Shareholders |
|
No. of Shares |
|
Vikram Dhirajlal Sanghvi |
|
1690 |
|
Schiller AG. |
|
209088 |
|
Pravin R. Gandhi, |
|
4224 |
|
Nandita P. Gandhi |
|
3380 |
|
Radhika P. Gandhi |
|
13933 |
|
Kunal P. Gandhi |
|
17989 |
|
Sarla D. Sanghvi |
|
5733 |
|
Pravin R. Gandhi |
|
16972 |
|
Amla D. Sanghvi |
|
1 |
|
Neeta V. Sanghvi |
|
2 |
|
Aditi V. Sanghvi |
|
1 |
|
Neha V. Sanghvi |
|
1 |
|
Nayana T. Currim bhoy |
|
2 |
|
Vikram D. Sanghvi |
|
44838 |
|
Yashraj Sanghvi |
|
39624 |
|
Neha Sanghvi |
|
1 |
|
Anuradha Sanghvi |
|
338 |
|
Priya Sanghvi |
|
203 |
|
Nirupama Sanghvi |
|
338 |
|
Vikram Sanghvi |
|
2 |
|
Amla Sanghvi |
|
2 |
|
Jayshree K Gandhi |
|
43125 |
|
Bansri M Bux |
|
2200 |
|
Janaki V Patel |
|
6948 |
|
Priya J Madhavdas |
|
135 |
|
Yashraj G Sanghvi |
|
11635 |
|
Vikram Sanghvi |
|
4 |
|
|
|
|
|
Total |
|
422409 |
As On : 21.07.2010
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
49.50 |
|
Directors or relatives of directors |
|
49.50 |
|
Other |
|
1.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cardiac, Critical Care and Spirometry Systems. |
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Products : |
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Agencies Held : |
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GENERAL INFORMATION
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Mayur Kapadia Chartered Accountant |
|
Address : |
C/o, M.G. Ved and Company, 6th Floor, Palekar Chambers,
Opposite Metro Adlabs, Mumbai–400002, |
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Tel. No.: |
91-22-65062794 |
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E-Mail : |
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CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
425000 |
Equity Share |
Rs.100/- Each |
Rs. 42.500 Millions |
|
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
422409 |
Equity Share |
Rs.100/- Each |
Rs. 42.241
Millions |
|
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|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
42.241 |
42.241 |
42.241 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
45.254 |
34.492 |
28.065 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
87.495 |
76.733 |
70.306 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
72.678 |
66.715 |
84.303 |
|
|
2] Unsecured Loans |
35.000 |
42.500 |
23.075 |
|
|
TOTAL BORROWING |
107.678 |
109.215 |
107.378 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.102 |
0.691 |
|
|
|
|
|
|
|
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TOTAL |
195.173 |
186.050 |
178.375 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
22.466 |
21.817 |
23.336 |
|
|
Capital work-in-progress |
0.044 |
0.825 |
0.000 |
|
|
|
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|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
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DEFERREX TAX ASSETS |
0.205 |
0.000 |
0.000 |
|
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|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
119.581
|
97.950
|
107.856 |
|
|
Sundry Debtors |
132.726
|
142.618
|
134.333 |
|
|
Cash & Bank Balances |
4.496
|
9.548
|
12.545 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
19.334
|
18.563
|
20.546 |
|
Total
Current Assets |
276.137
|
268.679
|
275.280 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
90.079
|
91.847
|
106.983 |
|
|
Provisions |
13.600
|
13.424
|
13.258 |
|
Total
Current Liabilities |
103.679
|
105.271
|
120.241 |
|
|
Net Current Assets |
172.458
|
163.408
|
155.039 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
195.173 |
186.050 |
178.375 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
459.094 |
496.366 |
375.715 |
|
|
|
Other Income |
5.756 |
2.419 |
2.380 |
|
|
|
TOTAL (A) |
464.850 |
498.785 |
378.095 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
300.617 |
317.031 |
230.757 |
|
|
|
Manpower Cost |
51.173 |
51.417 |
35.301 |
|
|
|
Established and Other Expenses |
24.560 |
30.793 |
17.255 |
|
|
|
Sales and Marketing Expenses |
36.390 |
52.366 |
41.843 |
|
|
|
Rates and Taxes |
13.786 |
13.497 |
12.202 |
|
|
|
Donation |
1.000 |
0.500 |
2.000 |
|
|
|
TOTAL (B) |
427.526 |
465.604 |
339.358 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
37.324 |
33.181 |
38.737 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.495 |
15.693 |
14.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.829 |
17.488 |
24.201 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.098 |
4.509 |
2.319 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.731 |
12.979 |
21.882 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
6.475 |
6.058 |
8.609 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
11.256 |
6.921 |
13.273 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
34.127 |
27.700 |
14.921 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
44.889 |
34.127 |
27.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.713 |
21.596 |
25.141 |
|
|
|
Commission Earnings |
6.124 |
6.011 |
3.416 |
|
|
TOTAL EARNINGS |
12.837 |
27.607 |
28.557 |
|
|
|
|
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
20.574 |
17.540 |
|
|
|
Stores & Spares |
NA |
253.920 |
201.147 |
|
|
|
Capital Goods |
NA |
0.309 |
0.561 |
|
|
TOTAL IMPORTS |
NA |
274.803 |
219.248 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
16.39 |
43.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.42 |
1.38 |
3.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.86 |
2.63 |
5.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.93 |
4.49 |
7.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.41 |
2.80 |
3.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66 |
2.55 |
2.29 |
LOCAL AGENCY FURTHER INFORMATION
Operations
In difficult economic and business scenario worldwide Board of
Directors are very happy to announce that the company has been able to hold on
to the top line. In this year the company had taken decision to discontinue its
strategic partnership with Medard Inc
However as a result of stringent cost management and favorable foreign exchange rates, the company has been able to improve upon its margins. The PBDlT Profit of your company has increased from Rs. 33.200 millions to Rs. 37.300 millions which has increased income from 6.68% of Sales to 8.12% of Sales
The PBT of the company has also shown improvement by growing from 13.000 millions to Rs. 17.700 millions thereby showing growth of 37% over previous year. Profit before tax to sales margin has also improved from 2.61 % and 3.86%
There has been major
changes in the composition of
business of the company during the year. The company's efforts in concentrating on Government and Turnkey Business have paid rich dividend by
improving profitability as well as negating the effects of lower private
business during recession time. The directors
are happy to inform that the
company has very healthy Order-Book position at the end of the year which shows
promising year ahead. During the
year, new service centre got operational at Puducherry. The company has also launched
additional products during the year like
Single Channel ECG Machine and has substantially increased its Ventilator
business.
FUTURE OUTLOOK
The company has charted out Business plan for substantial expansion of its business. Company is exploring possibility to venture out in the field of
a) Mobile Healthcare
b) Turnkey solutions
c) Medical IT
d) Other segment of critical care like OT Lights, Tables etc.
During the year after Balance Sheet date, company has already tied up with Tyco Healthcare far providing customer support services to their customers of Imaging products. Company is also in talk with other equipment manufacturers far OEM branding of their equipments in critical care segment, like Ventilators, OT Lights, Tables etc.
Form : 8
Bankers Charges Report as per Registry
|
Name of the company |
SCHILLER HEALTHCARE INDIA PRIVATE LIMITED |
|
Presented By |
Mr. Vikram D.
Sanghvi, Director |
|
1) Date and description of instrument creating the change |
Letter of Hypothecation
of Stocks and Book debts dated 28th October, 2004 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Re.10.000
Millions by way of cash credit facility. |
|
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 |
Hypothecation of
all stock in trade present and future consisting of raw materials, finished
goods, goods in process and trading goods and other merchandise whatsoever
belonging to the company wherever situate and hypothecation of all the book
debts, outstanding, receivable, claims and bills which are now due and owing
or which may at any time hereafter during the continuation of this security
becomes due and owing to the company in the course of it business by any
person firm, company or body corporate or by government municipal local or
public or semi government body or authority or any body corporate or
undertaking or project in public sector. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The Bank has
sanctioned cash credit facilities to the extent of Rs.10.000 Millions at the
interest rate of 10.75%+Interest tax as applicable on monthly rests. The
interest rate may be varied by the bank at any time. The facilities
are repayable on demand. |
|
5) Name and Address and description of the person entitled to the charge. |
HDFC Bank Limited HDFC Bank House,
Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
Corporate
identity number of the company |
U33110MH1997PTC111307 |
|
Name of the
company |
SCHILLER
HEALTHCARE INDIA PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
|
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Bank of |
|
Nature of
instrument creating charge |
Supplemental deed
of Hypothecation. |
|
Date of instrument
Creating the charge |
19/01/2011 |
|
Amount secured by
the charge |
Rs. 130.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest : Interest/Commission
as per Schedule III of Supplemental deed attached or at such other rate/s of
interest as may be notified by the bank from time to time. Terms of repayment : On Demand. Margin : 25 % against RM
/FG; 40% against book debts(upto 120 days) ;10% for Packing Credit,
FBP/FBN(DP/DA 90days) and LC I/F DP/DA 180 days; 15% for Guarantee I/F or as
specified by Bank from time to time. Extent and operation of the charge : Security in
favour of Bank not only for the payments of the amounts due under or in
respect of or in connection with or in any wise concerning with the said facilities for principal with
interest/commission, costs, charges and exps. and other monies under the
principal and modified deeds of hypothecation but also for the payments due
under or in respect of or in connection with or in any wise concerning the
said facilities as enhanced & under the addtl./revised facilities
granted. Other : by the bank to
the borrower. Revised
Facilities and Limits (Rs. in millions):(A) Borrowal Limits: i) CC (Hyp. of Stock)Rs.800,ii)
CC (Hyp. of book debts) Rs.800, iii) WCDL Rs.480 Max.(i + ii + iii) Rs.800
iv)Packing Credit Rs.25 v)FBP/FBN (DP/DA 90 days) Rs.25 Total WCFB Rs.800 (B)
Non Borrowal Limits: i)L/C (I/F) DP/DA 180 days Rs.500, ii) Guarantee I/F
Rs.500 Total Rs.500 Aggregate (A+B) Rs.1300. |
|
Short particulars
of the property charged (Including location of the property) |
|
|
Date of
instrument modifying the charge |
09/11/2009 |
|
Particulars of
the present modification |
12th Modification.
The principal amount of charge on the Hypothecated assets is increased from
Rs.105.000 millions to Rs.130.000
millions. Revised Facilities and Limits- (Rs.in millions):(A) Borrowal
Limits: i) CC (Hyp. of Stock) Rs.800,ii) CC (Hyp.of book debts) Rs.800, iii)
WCDL Rs.480 Max.(i + ii + iii) Rs.800 iv)Packing Credit Rs.25 v)FBP/FBN
(DP/DA 90 days) Rs.25 Total WCFB Rs.800 (B) Non Borrowal Limits: i)L/C (I/F)
DP/DA 180 days Rs.500, ii) Guarantee I/F Rs.500 Total (i + ii) Rs.500
Aggregate (A+B) Rs.1300. |
As per Web Details
Profile
Subject is a joint-venture between Schiller AG of
In addition to marketing and supporting products from
Schiller AG, Schiller
Subject is also a distributor of products of other
companies. They have tie-ups with Stephan Gmbh of Germany for ventilators and
Impact
Subject is currently the market leader in multi-channel ECG
machines. They are a leading player in the defibrillator and stress test
market. In recent years they have dramatically increased their market share in
the Monitoring segment. In pressure injectors too, they have a substantial
share of the market. A combination of high quality products and ability to
successfully market them has helped us in substantially cornering a higher pie
of the medical equipment market. They currently have over 20,000 installations
across
The company has Offices in 35 locations around the country
and a large team of engineers both for sales and service support. Realising
that the potential growth areas are the smaller cities, Schiller
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 45.27 |
|
|
1 |
Rs. 72.94 |
|
Euro |
1 |
Rs. 63.08 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.