MIRA
INFORM REPORT
|
Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
THERMO FISHER SCIENTIFIC INDIA PRIVATE LIMITED (w.e.f. 02.09.2009) |
|
|
|
|
Formerly Known
As : |
THERMO ELECTRON LLS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403-404, B Wing, Delphi, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
31.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126872 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.26.930 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH2000PTC126872 |
|
|
|
|
IEC No.: |
0300061374 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT08958F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT3207A |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business
: |
Dealer Of Chemicals |
|
|
|
|
No. of Employees
: |
57000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track profitability of
the company appears to be under pressure. There appears to be huge
accumulated losses recorded by the company. However trade relations are
reported as fair.Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ms. Ritu Balani |
|
Designation : |
Finance Manager |
|
Contact No.: |
9930700987 |
|
Date : |
25.10.2011 |
LOCATIONS
|
Registered Office : |
403-404, B Wing, Delphi, |
|
Tel. No.: |
91-22-67162200 / 66802030 / 2015 / 2040 |
|
Mobile No.: |
91-9930700987 (Ms. Ritu Balani) |
|
Fax No.: |
91-22-67162255 / 67162214 / 67162244 |
|
E-Mail.: |
|
|
Location : |
Leased |
|
|
|
|
Administrative Office : |
415 4th Floor,City Point, |
|
Tel. No.: |
91-20-66011245 |
|
Fax No.: |
91-20-26125739 |
DIRECTORS
AS ON 29.10.2010
|
Name : |
Mr. Jacobus Johannes Bruno Van Der Steuijt |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
1401- Evita, |
|
Date of Birth/Age : |
05.07.1960 |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
02350095 |
Other Directorship :
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U29196PN2001PTC016384 |
Thermo Electron
India Private Limited |
Director |
27-09-08 |
11-09-08 |
03-06-11 |
Active |
NO |
|
2 |
U33112MH2005PTC157018 |
Cole-Parmer
India Private Limited |
Director |
30-09-08 |
15-09-08 |
03-06-11 |
Active |
NO |
|
3 |
U73100MH2000PTC126872 |
Thermo Fisher
Scientific India Private Limited |
Director |
07-03-11 |
28-09-08 |
03-06-11 |
Active |
NO |
|
4 |
U74999MH1997PTC204381 |
Kendro
Laboratory Products India Private Limited |
Director |
30-07-09 |
07-10-08 |
03-06-11 |
Active |
NO |
|
5 |
U73100GJ2006PTC047438 |
Fisher Biopharma
Services ( |
Director |
29-09-09 |
13-07-09 |
03-06-11 |
Active |
NO |
|
Name : |
Mr. Amit Chopra |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 702/802, Building No. 32, Sector 54-56-58, Seawood Estate,
NRI Complex, Nerul, Navi Mumbai – 400 706, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1965 |
|
Qualification : |
MBA |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
01829073 |
Other Directorship :
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U74999MH1997PTC204381 |
Kendro
Laboratory Products India Private Limited |
Director |
18-06-09 |
16-12-07 |
Active |
NO |
|
2 |
U73100MH2000PTC126872 |
Thermo Fisher
Scientific India Private Limited |
Managing
director |
07-03-11 |
26-03-09 |
Active |
NO |
|
3 |
U33112MH2005PTC157018 |
Cole-Parmer
India Private Limited |
Director |
30-09-11 |
07-03-11 |
Active |
NO |
|
4 |
U29196PN2001PTC016384 |
Thermo Electron
India Private Limited |
Director |
30-09-11 |
07-03-11 |
Active |
NO |
|
5 |
U41000MH2008FTC184515 |
TKA India
Private Limited |
Director |
16-09-11 |
12-04-11 |
Active |
NO |
|
6 |
U73100GJ2006PTC047438 |
Fisher Biopharma
Services ( |
Director |
29-09-11 |
03-06-11 |
Active |
NO |
|
7 |
U51500MH2005PTC155218 |
Dionex ( |
Director |
27-06-11 |
27-06-11 |
Active |
NO |
|
Name : |
Mr. Arvind Raghunath Sonawane |
|
Designation : |
Director |
|
Address : |
Flat No B-11003, Shreeji Ville Opposite Nitin Casting Company,
Panchpakhadi, Thane – 400602, |
|
Date of Birth/Age : |
01.06.1951 |
|
Qualification : |
L.L.B. |
|
Experience : |
36 Years |
|
Date of Appointment : |
28.09.2008 |
|
DIN No.: |
00312102 |
Other Directorship :
|
S.No. |
CIN |
Name of the
Company |
Current designation
of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U99999MH1973PTC016767 |
Kodak India
Private Limited |
Director |
23-07-04 |
23-07-04 |
26-05-07 |
Active |
NO |
|
2 |
U74999MH1953NPL009038 |
Trade Marks,
Patents, Designs And Copyright Owners Association Of |
Director |
27-09-06 |
27-09-06 |
- |
Dissolved |
NO |
|
3 |
U29199MH2006PTC165303 |
Carestream
Health India Private Limited |
Director |
06-11-06 |
06-11-06 |
30-04-07 |
Active |
NO |
|
4 |
U29196PN2001PTC016384 |
Thermo Electron
India Private Limited |
Director |
27-09-08 |
11-09-08 |
- |
Active |
NO |
|
5 |
U33112MH2005PTC157018 |
Cole-Parmer
India Private Limited |
Director |
30-09-08 |
15-09-08 |
- |
Active |
NO |
|
6 |
U73100MH2000PTC126872 |
Thermo Fisher
Scientific India Private Limited |
Additional
director |
28-09-08 |
28-09-08 |
- |
Active |
NO |
|
7 |
U74999MH1997PTC204381 |
Kendro Laboratory
Products India Private Limited |
Director |
30-07-09 |
07-10-08 |
- |
Active |
NO |
|
8 |
U73100GJ2006PTC047438 |
Fisher Biopharma
Services ( |
Director |
29-09-09 |
13-07-09 |
- |
Active |
NO |
|
9 |
U41000MH2008FTC184515 |
TKA India
Private Limited |
Director |
16-09-11 |
12-04-11 |
- |
Active |
NO |
|
10 |
U51500MH2005PTC155218 |
Dionex ( |
Director |
27-06-11 |
27-06-11 |
- |
Active |
NO |
|
Name : |
Mr. Narendra V. Arora |
|
Designation : |
Director |
|
Address : |
201, A – Wing, Hillgrange Co-Operative Housing Society, Hiranandani
Estate, |
|
Date of Birth/Age : |
11.05.1971 |
|
Qualification : |
CA |
|
Experience : |
16 Years |
|
Date of Appointment : |
22.05.2009 |
|
DIN No.: |
02666326 |
Other Directorship :
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U73100MH2000PTC126872 |
Thermo Fisher
Scientific India Private Limited |
Additional
director |
22-05-09 |
22-05-09 |
Active |
NO |
|
2 |
U51500MH2005PTC155218 |
Dionex ( |
Director |
27-06-11 |
27-06-11 |
Active |
NO |
|
3 |
U74999MH1997PTC204381 |
Kendro
Laboratory Products India Private Limited |
Director |
30-09-11 |
25-08-11 |
Active |
NO |
|
4 |
U41000MH2008FTC184515 |
TKA India
Private Limited |
Director |
16-09-11 |
25-08-11 |
Active |
NO |
|
5 |
U29196PN2001PTC016384 |
Thermo Electron
India Private Limited |
Director |
11-10-11 |
11-10-11 |
Active |
NO |
|
Name : |
Mr. Balasubramanian Sitharaman |
|
Designation : |
Director |
|
Address : |
102, 104, Delphi “C” Wing, |
|
Date of Birth/Age : |
31.03.1950 |
|
Qualification : |
B.Sc. |
|
Experience : |
39 Years |
|
|
|
|
Name : |
Mr. Arun Khanna |
|
Designation : |
Director |
|
Address : |
B-802, |
|
Date of Birth/Age : |
23.06.1963 |
|
Qualification : |
B. Tech, PGDIE (NITIE) |
|
Experience : |
24 Years |
KEY EXECUTIVES
|
Name : |
Ms. Ritu Balani |
|
Designation : |
Finance Manager |
SHAREHOLDING PATTERN
As on 29.10.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
|
|
2999999 |
|
Thermo Fisher Scientific Inc., |
|
1 |
|
Total |
|
3000000 |
List of Allotment (As on 29.09.2011)
|
Names of Equity Allottees |
|
No. of Shares |
|
|
|
|
|
|
|
417816 |
|
Total |
|
417816 |
As on : 29.10.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Chemicals |
||||||||
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|
||||||||
|
Products : |
|
||||||||
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|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
L/C, Cash and Credit (30 days / 60
days) |
||||||||
|
|
|
||||||||
|
Purchasing : |
L/C and Credit (30 days) |
PRODUCTION STATUS AS ON (31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Scientific Instruments |
Nos |
NA |
1100 |
342 |
|
Chemicals# |
Nos. |
NA |
-- |
3126505 |
# The company does not have manufacturing unit for
producing Chemicals Products. Production is carried out by Job working units.
Production is net of excess / shortages and products issue as free samples of
1015945 Nos.
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
57000 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
The 52/60 M |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Notes : 1. Short Term Working
Capital loan from Bank is secured by Corporate Guarantee issued by Thermo
Fisher Scientific Inc., 2. Term Loan from Kendro Laboratory Products India Private
Limited of Rs. 21,500,000 and Rs.5.900
Millions are repayable on October 27, 2012 and December 23, 2012,
respectively. Hence, loan repayable within one year would be Rs. Nil. 3. Term Loan from Cole Parmer India Private Limited of Rs.5.000
Millions is repayable on March 30, 2013. Hence loan repayable within one year
would be Rs. Nil |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
Thermo Fisher Scientific Inc., |
|
|
|
|
Related Parties : |
·
Acros Organics BVB ·
Barnstead International ·
Cohesive Technologies Inc. ·
Fisher Diagnostics ·
Fisher Global Export ·
Fisher Bio-Pharma Services India Private Limited ·
Fisher Scientific Company LLC ·
Fisher Scientific LLC ·
Jouan ·
Kendro Laboratory Products India Private Limited ·
Matrix Technologies Corporation ·
Maybridge Limited ·
Molecular Bio Products Inc. ·
Nalge Nunc International ·
Nunc A/c. - SPRoskilde ·
Open Biosystems - BiHuntsville ·
Oxoid Limited ·
Radiation Env Monitoring Technology ·
Scientific Products ·
Scientific Products ( ·
Cole Parmer India Private Limited ·
Thermo CRS Limited ·
Thermo Electron ( ·
Thermo Electron ( ·
TherrnoElectron ( ·
Thermo Electron Corporation, Bellefonte ·
Thermo Electron Corporation, ·
Therrno Electron GMBH ·
Thermo Electron India Private Limited ·
Thermo Electron LED GmbH ·
Thermo Electron ·
Thermo Electron Oy ·
Thermo Electron Scientific Inst. Company ·
Therrno Electron Scientific Instruments LLC ·
Thermo Finnigan LLC ·
Thermo Fisher Scientific Inc. ·
Thermo Fisher Scientific Inc., Sanjose ·
Thermo Fisher Scientific Inc., Stone ·
Thermo Fisher Scientific Inc., ·
Thermo Fisher Scientific ·
Thermo Fisher Scientific, ·
Thermo Fisher ·
Therrno Fisher Scientific - ·
Thermo Fisher Scientific - Sandiego ·
Thermo Fisher Scientific ( ·
Thermo Fisher Scientific ( ·
Thermo Fisher Scientific ( ·
Thermo Fisher Scientific ( ·
Thermo Fisher Scientific Inc. ·
Thermo Fisher Scientific Inc. ·
Thermo Fisher Scientific RM and SI ·
Thermo Fisher Scientific, ·
Thermo Fisher Scientific, ·
Thermo Fisher Scientific, Netheriand ·
Thermo Fisher Scientific, ·
Thermo Fisher Scientific/Informatics ·
Thermo Gamma Metrics Pty Limited ·
Thermo Hybaid ·
Therrno IEC ·
Thermo Radiometrie Limited ·
Thermo Shandon Limited ·
Fisher Scientific ·
Thermo Fisher Sci. (Global Chem.) ·
Thermo Fisher Scientific Instruments LLC ·
Lha-Pha-Pack, GmbH ·
Abgene Products ·
Thermo Fisher Scientific - ·
Fisher Scientific SIGermany CMS ·
RM Corp International |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/-Each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2692974 |
Equity Shares |
Rs.10/- Each |
Rs.26.930
Millions |
NOTES:
A) Of the above, 2,692,973 [Previous Year 2,692,9731 Equity
Shares of Rs.10 each, fully paid-up are held by hermo Fisher India Holding BV, Netherlands,
the Holding Company. The Ultimate Holding Company is Thermo Fisher Scientific
Inc.,
B) Subsequent to year-end, the Company has allotted 85,991
equity shares of Rs.10 each fully paid-up to Thermo Fisher India Holdinq BV,
Netherlands at a premium of Rs.932 per share amounting to Rs.80.143 Millions
equity share capital and securities premium pursuant to a resolution passed by
Board of Directors at their Board Meeting held on October 27, 2010.
After 29.10.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/-Each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3700283 |
Equity Shares |
Rs.10/-Each |
Rs.37.003 Millions |
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 |
26.930 |
26.930 |
23.159 |
|
|
2] Share Application Money |
0.002 |
0.002 |
0.000 |
|
|
3] Reserves & Surplus |
3290.100 |
3290.100 |
2618.873 |
|
|
4] (Accumulated Losses) |
(1882.084) |
(839.757) |
(301.754) |
|
|
NETWORTH |
1434.948 |
2477.275 |
2340.278 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
58.643 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
58.643 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1493.591 |
2477.275 |
2340.278 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1134.367 |
1937.438 |
1795.928 |
|
|
Capital work-in-progress |
18.873 |
11.937 |
14.930 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
322.907 |
302.094 |
228.682 |
|
|
Sundry Debtors |
394.106 |
454.614 |
303.649 |
|
|
Cash & Bank Balances |
186.351 |
227.283 |
337.959 |
|
|
Other Current Assets |
19.050 |
10.225 |
0.177 |
|
|
Loans & Advances |
454.004 |
341.494 |
155.569 |
|
Total Current Assets |
1376.418 |
1335.710 |
1026.036 |
|
|
Less : CURRENT LIABILITIES &
PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
836.580 |
664.180 |
|
|
|
Other Current Liabilities |
113.775 |
87.528 |
|
|
|
Provisions |
85.712 |
56.102 |
29.768 |
|
Total Current Liabilities |
1036.067 |
807.810 |
496.616 |
|
|
Net Current Assets |
340.351 |
527.900 |
529.420 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENDITURE |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1493.591 |
2477.275 |
2340.278 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1857.568 |
1709.145 |
|
|
|
|
Commission Income |
184.223 |
228.269 |
|
|
|
|
Other Income |
40.669 |
27.406 |
|
|
|
|
TOTAL |
2082.460 |
1964.820 |
790.012 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods
Sold |
933.799 |
1012.900 |
|
|
|
|
Employee Cost |
402.624 |
303.308 |
|
|
|
|
Other Expenses |
933.076 |
755.934 |
|
|
|
|
Impairment Loss on
Fixed Assets |
460.541 |
34.243 |
|
|
|
|
TOTAL |
2730.040 |
2106.385 |
911.282 |
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(647.580) |
(141.565) |
(121.270) |
|
|
|
|
|
|
|
|
|
|
INTEREST CHARGES
|
2.418 |
0.444 |
|
|
|
|
|
|
|
|
|
|
Less |
PROFIT/LOSS
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(649.998) |
(142.009) |
|
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
389.532 |
386.087 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX |
(1039.530) |
(528.096) |
(274.491) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.797 |
9.907 |
7.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX |
(1042.327) |
(538.003) |
(281.977) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(839.757) |
(301.754) |
(19.777) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1882.084) |
(839.757) |
(301.754) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
39.977 |
16.542 |
7.828 |
|
|
|
Commission Earnings |
184.223 |
228.269 |
130.451 |
|
|
|
Service Charges |
3.622 |
3.066 |
0.000 |
|
|
TOTAL EARNINGS |
227.822 |
247.877 |
138.279 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Trading Goods |
460.246 |
391.467 |
170.059 |
|
|
|
SAP Development cost |
16.030 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
476.276 |
391.467 |
170.059 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
387.05 |
204.57 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
(50.05) |
(27.38) |
(35.69) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(55.96) |
(30.90) |
NA |
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total
Assets} |
(%) |
(41.40) |
(16.13) |
(9.73) |
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
(0.72) |
(0.21) |
(0.12) |
|
|
|
|
|
|
|
Debt Equity
Ratio (Total
Liability/Networth) |
|
0.76 |
0.33 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
1.33 |
1.65 |
2.07 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The company changed its registered office from Plot No. 255, TTC
Industrial Area, Mahape, MIDC, Navi Mumbai – 400 705, Maharashtra, India to
Godrej Coliseum, 101A – 101 B, Somaiya Hospital Road, Opposite Eastern Express
Highway, Sion, Mumbai – 400 022, Maharashtra, India w.e.f. 31.12.2008.
The Registered Office has again shifted from 101A – 101B, Godrej
Coliseum, Somaiya Hospital Road, Opposite Eastern Express Highway, Sion, Mumbai
– 400 705, Maharashtra, India to the present address w.e.f. 16.04.2010.
CONTINGENT
LIABILITIES
·
Outstanding Guarantees given by banks on behalf of
the Company Rs.59.223 millions (Previous Year Rs.46.382 millions).
·
Estimated amount of contracts [net of advances of
Rs.2.795 millions (Previous Year Rs.11.937 millions)] remaining to be executed
on capital account and not provided for is Rs.23.905 millions (Previous Year
Rs.3.816 millions).
FIXED ASSETS
·
·
·
Computers
·
Furniture and Fixtures
·
Leasehold improvements
·
Office Equipments
·
Plant and Machinery
·
Vehicles
·
Technical Know how
·
Software
·
Goodwill
·
Trademark
·
Copyrights
·
Licenses
·
Trade Name
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.49.87 |
|
|
1 |
Rs.79.73 |
|
Euro |
1 |
Rs.69.53 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
27 |
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.