MIRA INFORM REPORT
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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MICRO MED CHARTS MANUFACTURING COMPANY PRIVATE LIMITED |
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Registered
Office : |
Shanthi Apartment, Sector-4, III Floor, 79/10, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.08.2005 |
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Com. Reg. No.: |
18-057246 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U51909TN2005PTC057246 |
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IEC No.: |
0406000344 |
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PAN No.: [Permanent Account No.] |
AAECM8226F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of all kinds of Medical Chart Paper. |
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No. of Employees
: |
24 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
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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 17000 |
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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 an established company having satisfactory track records.
It is improving steadily. Profitability appears to be low. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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.Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Adiman Kandavel |
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Designation : |
Director |
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Contact No.: |
91-9444909149 |
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Date : |
27.07.2012 |
LOCATIONS
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Registered Office : |
Shanthi Apartment, Sector-4, III Floor, 79/10, |
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Tel. No.: |
91-44-23762816 / 23762826 |
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Mobile No.: |
91-9444019695 (Mr. Anil Kumar) 91-9444909149 (Mr. Adiman Kandavel) |
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Fax No.: |
91-44-23761105 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. Ft. |
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Location : |
Owned |
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Office/ Factory : |
134/1, |
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Tel. No.: |
91-44-23762816 / 23762826 |
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Fax No.: |
91-44-23761105 |
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Area : |
4500 Sq. Ft. |
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Location : |
Rented. |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Adiman Kandavel |
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Designation : |
Director |
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Address : |
W537 7th Street, C Sector, Annanagar West Extension,
Chennai – 600101, Tamil Nadu, India |
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Date of Birth/Age : |
18.04.1967 |
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Qualification : |
BBA |
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Date of Appointment : |
22.08.2005 |
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DIN No.: |
02666688 |
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Name : |
Mr. Anilkumar Shankaran Chiranghat |
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Designation : |
Director |
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Address : |
AP Agalia Apartments, C31, Venkatraman Salai, Chennai – 600082, Tamil Nadu,
India. |
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Date of Birth/Age : |
15.04.1962 |
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Qualification : |
B.Com |
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Date of Appointment : |
22.08.2005 |
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DIN No.: |
02666707 |
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Name : |
Mr. Ravikumar Raman |
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Designation : |
Director |
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Address : |
9/19, New Penselans 1st Lane, Chennai – 600021, Tamilnadu,
India |
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Date of Birth/Age : |
03.08.1958 |
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Date of Appointment : |
22.08.2005 |
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DIN No.: |
02683273 |
KEY EXECUTIVES
|
Name : |
Mr. A. Kumar Reddy |
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Designation : |
Company Secretary |
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Address : |
New No.16, Old No,62, Pari Street, CHoolaimedu, Chennai – 600094,
Tamilnadu, India |
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Qualification : |
B.A., B.L., ACS., |
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Tel. No.: |
91-44-42613993 |
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Mobile No.: |
91-9884732522 |
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E-mail id : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
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No. of Shares |
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Adiaman Kandavel |
|
30000 |
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Anilkumar Chiranghat |
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40000 |
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Ravikumar Raman |
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30000 |
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Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of all kinds of Medical Chart Paper. |
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Products : |
· ECG paper · ECG Roll · TMT Paper · TMT Roll · Foetal Monitor Paper · Doppler Foetal Monitor paper · Ultra sound roll · Spirometer · CTG Paper · Central Monitor paper · Defabricator paper · Nuerology ECG paper · Cardiology paper · Plain thermal paper · Lab Analyzer paper |
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Exports : |
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Products : |
·
Medical Chart Paper |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS As on 31.03.2010
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Particulars |
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Unit |
Actual
Production |
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EGG PAPER |
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Kgs |
34436 KG |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
24 (Approximately) (In Office + In Factory) |
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Bankers : |
Indian Overseas Bank, Saligramam Branch, 7C/33, Arunachalam Road,
Saligramam, Chennai- 600093, Tamil Nadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V Rajgopal and Company Chartered Accountants |
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Address : |
4EI J P Tower, 7/ |
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PAN.: |
AAECM8226F |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
||
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
||
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|
100000 |
Equity Shares |
Rs.1.000 Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3.163 |
2.174 |
1.274 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.163 |
3.174 |
2.274 |
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LOAN FUNDS |
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1] Secured Loans |
1.000 |
0.195 |
0.242 |
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2] Unsecured Loans |
3.079 |
3.455 |
3.003 |
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TOTAL BORROWING |
4.080 |
3.650 |
3.245 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
8.242 |
6.824 |
5.519 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.034 |
1.555 |
1.629 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.113
|
1.024
|
0.528 |
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Sundry Debtors |
5.391
|
6.095
|
3.891 |
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Cash & Bank Balances |
0.405
|
0.005
|
0.391 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
1.464
|
0.598
|
1.454 |
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Total
Current Assets |
9.373
|
7.722
|
6.264 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
5.714
|
2.050
|
2.080 |
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Other Current Liabilities |
0.000
|
0.000
|
0.000 |
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Provisions |
0.451
|
0.403
|
0.294 |
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Total
Current Liabilities |
6.165
|
2.453
|
2.374 |
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Net Current Assets |
3.208
|
5.269
|
3.890 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
8.242 |
6.824 |
5.519 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
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Other income |
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TOTAL (A) |
26.082 |
23.265 |
16.975 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
24.642 (Including
Financial Expenses and Depreciation) |
21.665 |
15.804 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
1.600 |
1.171 |
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Less |
FINANCIAL
EXPENSES (D) |
|
0.000 |
0.000 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1.600 |
1.171 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.297 |
0.305 |
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PROFIT BEFORE
TAX (E-F) (G) |
1.444 |
1.303 |
0.866 |
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Less |
TAX (H) |
0.451 |
0.403 |
0.295 |
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PROFIT AFTER TAX
(G-H) (I) |
0.989 |
0.900 |
0.571 |
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Earnings Per
Share (Rs.) |
9.89 |
9.00 |
5.71 |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
50.000 |
Expected Sales (2012-2013) : Rs.60.000 Millions
The above information has been parted by Mr. Adiman Kandavel.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.79
|
3.87
|
3.36 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
10.02
|
14.05
|
10.97 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.41
|
0.38 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.46
|
1.92
|
2.47 |
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Current Ratio (Current Asset/Current Liability) |
|
1.52
|
3.15
|
2.64 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of Director, if
available |
No |
|
32] |
Passport No of Director,
if available |
No |
|
33] |
Voter ID No of Director,
if available |
No |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U51909TN2005PTC057246 |
|
Name of the company |
MICRO MED CHARTS MANUFACTURING COMPANY PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Shanthi Apartment, Sector-4, III Floor, 79/10, Subarayan Street, Mylapore,
Chennai 600004, Tamil Nadu, India E-mail id : info@micromedcharts.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of charge holder |
Indian Overseas Bank, Saligramam Branch, 7C/33, Arunachalam Road,
Saligramam, Chennai – 600093, Tamil Nadu, India E-mail id : slgrmbr@chensco.iobnet.co.in
|
|
Nature of instrument creating charge |
1. Bank Guarantee Bond 2. General Counter Guarantee |
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Date of instrument Creating the charge |
27.02.2012 |
|
Amount secured by the charge |
Rs.5.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Commission Rate-0.75% per quarter. Terms of Repayment As per the agreement. Margin Margin/Security-40% as deposit Extent and Operation of the charge First charge on the properties hypothecated/mortgaged to the Bank. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Plant and machinery, book debts, raw material, work in progress and finished
goods of the Company. |
Fixed Assets:
- Plant
Machinery
- Computers and
Laptops
- Furniture and
Fittings
- Car
- GSM Scale
Trade References:
- Mitsubishi
- BPL Limited
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.55.78 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
41 |
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.