MIRA
INFORM REPORT
|
Report Date : |
30.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCHOTT GLASS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dynasty, A-Wing, 303 and 304, 3rd Floor, Opposite Sangam, Theatre,
Andheri – Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.12.1997 |
|
|
|
|
Com. Reg. No.: |
11 -112295 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.671.681 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26100MH1997PTC112295 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS01425E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS8583L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Neutral Glasses. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Schott Glaswerke Betriligungs GmbH. It is
an established company having moderate track. There appears slight dip in the
sales during 2011 but it has earned some profits. Accumulated losses are
recorded by the company which appears to be decreasing. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
LOCATIONS
|
Registered Office : |
Dynasty, A-Wing, 303 and 304, 3rd Floor, Opposite Sangam,
Theatre, Andheri – |
|
Tel No.: |
91-22-28266100 / 40947000 |
|
Fax No.: |
91-22-28266097 / 40947001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Village-Ankhi, Taluka-Jambusar, District-Bharuch, |
|
Tel. No.: |
91-2644220216 / 222573 |
|
Fax No.: |
91-2644220227 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Pune Office : |
307, South Wing, Sacred World, Wanwadi Pune - 411040 India |
|
Tel. No.: |
91-20-40091695 |
|
Fax No.: |
91-20-40092273 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Mohan Gajanan Joshi |
|
Designation : |
Director |
|
Address : |
No. 1, Amit Nagar, |
|
Date of Birth/Age : |
31.08.1953 |
|
Date of Appointment : |
19.02.2002 |
|
DIN No.: |
00314301 |
|
|
|
|
Name : |
Mr. Supransu Bandyopadhyay |
|
Designation : |
Director |
|
Address : |
303, Anmol Flats, Vasna Road, Vadodara-390015, Gujarat, India |
|
Date of Birth/Age : |
28.05.1961 |
|
Date of Appointment : |
13.11.2008 |
|
DIN No.: |
02434434 |
|
|
|
|
Name : |
Mr. Miguel Winfried Seidenfaden |
|
Designation : |
Director |
|
Address : |
Zur Mark 10, Hofhe1m Am Taunus, Na, Germany |
|
Date of Birth/Age : |
10.02.1959 |
|
Date of Appointment : |
10.02.2011 |
|
DIN No.: |
03355532 |
|
|
|
|
Name : |
Mr. Stefan Anreas Laetsch |
|
Designation : |
Director |
|
Address : |
Novel Century, Tower 11 and 12, Lane 81, Xin Geng Road, Xuhui District, Shama Xujiahlii, Shanghai, 200030, China_ |
|
Date of Birth/Age : |
04.08.1963 |
|
Date of Appointment : |
18.05.2010 |
|
DIN No.: |
03067795 |
|
|
|
|
Name : |
Mr. Georg Helmut Sparschuh |
|
Designation : |
Director |
|
Address : |
401 Sangeet Flats, 18, Abhishek Colony, Near Bank Race Course, Vadodara - 39007, Gujarat, India |
|
Date of Birth/Age : |
25.02.1961 |
|
Date of Appointment : |
25.08.2011 |
|
DIN No.: |
03602395 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Schott Glaswerke Beteilignngs GmbH, Germany |
|
67167768 |
|
Schott A. G. Germany |
|
1 |
|
Total |
|
67167769 |
|
Names of
Shareholders (Preference Share) |
|
No. of Shares |
|
Nirav S.Patel |
|
1 |
|
Alpesh Pancholi |
|
1 |
|
Paramjit Singh |
|
1 |
|
Mahendra Jadav |
|
1 |
|
Dharmendra J. Patel |
|
1 |
|
Kiran J. Patel |
|
1 |
|
Pramod G. Patil |
|
1 |
|
Krishna Kumar |
|
1 |
|
Dipesh J.Patel |
|
1 |
|
Yogesh S.Patel |
|
1 |
|
Sanjeev Gupta |
|
1 |
|
Daya Shanker Saroj |
|
1 |
|
Nikunj Patel |
|
1 |
|
Devraj Mori |
|
1 |
|
Dharmendra S. Patel |
|
1 |
|
Nilesh J. Bhatt |
|
1 |
|
Sanjay R.Padhiyar |
|
1 |
|
Sachin N.Patel |
|
1 |
|
Anuj Pratap Singh |
|
1 |
|
Bakul P. Bhatt |
|
1 |
|
Bharat Prajapati |
|
1 |
|
Hitendra Balpande |
|
1 |
|
Gokul Pillai |
|
1 |
|
Sunil Bist |
|
1 |
|
V.Machi Reddy |
|
1 |
|
S.M.Shrikrishna |
|
1 |
|
Jigar J. Patel |
|
1 |
|
Kunal R Salunke |
|
1 |
|
Indu Prakash Maurya |
|
1 |
|
Jasvant J.Patel |
|
1 |
|
Vrajesh Shah |
|
1 |
|
Rakesh J.Parmar |
|
1 |
|
Sagar H.Parmar |
|
1 |
|
Manish Parmar |
|
1 |
|
Jugal Kishor Sharma |
|
1 |
|
Kamlesh B. Padhiyar |
|
1 |
|
Rignesh R.Patel |
|
1 |
|
Anirudh Jadeja |
|
1 |
|
Yogesh V. Patel |
|
1 |
|
Kajal Roy |
|
1 |
|
Rakesh Thakkar |
|
1 |
|
Umesh Patel |
|
1 |
|
An Lip Karmakar |
|
1 |
|
Kamlesh M. Patel |
|
1 |
|
Krishnabahadur Singh |
|
1 |
|
Prakash Vankhede |
|
1 |
|
Arjun G.Gohil |
|
1 |
|
Ketan K. Patel |
|
1 |
|
Paresh P. Parmar |
|
1 |
|
Pushkar Vasoya |
|
1 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Neutral Glasses. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Actual
Production |
|
Electricity |
KWH |
952 |
|
Natural gas |
SCM |
201 |
|
LPG |
KG |
042 |
|
Furnance Oil |
LTR |
383 |
|
LNG |
MT |
239 |
GENERAL INFORMATION
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· The Hongkong and Shanghai Bank Corporation Limited, 52/60, Mahatma Gandhi Road, Mumbai – 400001, Maharashtra, India · The Hongkong and Shanghai Bank Corporation Limited, Network Service Centre, Sudam Kalu Ahire Marg, Worli, Mumbai – 400 025, Maharashtra, India ·
Deutsche Bank, Hazarimal Somani Marg,
Fort, Mumbai-400001, Maharashtra,
India ·
HDFC Bank Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Lodha Excellus, 1st Floor, Apollo Mills Compound, N M Joshi
Marg, Mahalakshmi, Mumbai – 400011, |
|
Tel. No.: |
91-22-38896000 |
|
Fax No.: |
91-22-39836000 |
|
PAN.: |
AAAFB9852F |
|
|
|
|
Holding Company : |
Schott Glaswerke Betriligungs GmbH |
|
|
|
|
Ultimate Holding Company: |
Schott AG, Mainz, Germany |
|
|
|
|
Other related
parties Subsidiaries, Joint Venture and Associates of holding / ultimate
holding company: |
· Schott Rohrglas GmbH, Germany · Schott Spezialglas GmbH, Germany · Schott Glass Malaysia Comp. Sdn. BHD · Schott Electropackaging Asia Pte. Limited, Singapore · Schott Glass Malaysia Sdn. Bhd, Malaysia · Schott Electropackaging Gmbh Landshut, Germany · Schott Igar Glass, Indonesia · Schott Singapore Pte. Limited, Singapore · Schott North America, USA · Schott Solar, Germany · Schott Solar Thin Film, Germany · NEC Schott Components Corp., Japan · Schott Mexicana S.A. DE C.V, Maxico · Schott Solar CSP GmbH, Germany · Schott Technical Glass Solution, Germany · Schott Kaisha Private Limited, India · Schott Shanghai Precision Material and Equipment, Bejing · Schott Solar CR, C.R.O. CHK Republic · Schott Solar Wafer Vertribes, Germany · Schott Lithotec AG, Germany · Schott Sfam S.a r.i. D' Ampoules Mecaniques, France · SCHOTT Glass Technologies (Suzhou) Company Limited, China · Schott Spezialglas (GmbH) Desag STD, Gruenplan, Germany ·
Schott AG Gruenplan, Germany |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
69990000 |
Equity Shares |
Rs. 10/- each |
Rs. 699.900 Millions |
|
10000 |
Preference Share |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
Total
|
|
Rs.
700.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
67167769 |
Equity Shares |
Rs. 10/- each |
Rs.671.677 Millions |
|
340 |
Preference Share |
Rs. 10/- each |
Rs. 0.003 Million |
|
|
Total |
|
Rs. 671.681 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
671.681 |
671.681 |
483.373 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
255.743 |
255.706 |
200.714 |
|
|
4] (Accumulated Losses) |
(65.377) |
(126.991) |
(67.321) |
|
|
NETWORTH |
862.047 |
800.396 |
616.766 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1142.545 |
1368.081 |
1462.152 |
|
|
TOTAL BORROWING |
1142.545 |
1368.081 |
1462.152 |
|
|
DEFERRED TAX LIABILITIES |
86.689 |
62.696 |
55.043 |
|
|
|
|
|
|
|
|
TOTAL |
2091.281 |
2231.173 |
2133.961 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1421.220 |
1512.064 |
1606.146 |
|
|
Capital work-in-progress |
4.597 |
0.000 |
210.226 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
392.073
|
270.127
|
234.126
|
|
|
Sundry Debtors |
331.265
|
379.489
|
299.008
|
|
|
Cash & Bank Balances |
16.788
|
81.639
|
48.333
|
|
|
Other Current Assets |
49.356
|
25.770
|
0.000
|
|
|
Loans & Advances |
265.956
|
334.653
|
285.240
|
|
Total
Current Assets |
1055.438
|
1091.678
|
866.707
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
289.418
|
296.127
|
510.173
|
|
|
Other Liabilities |
13.051
|
11.663
|
20.006
|
|
|
Provisions |
87.505
|
64.779
|
18.939
|
|
Total
Current Liabilities |
389.974
|
372.569
|
549.118
|
|
|
Net Current Assets |
665.464
|
719.109
|
317.589
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2091.281 |
2231.173 |
2133.961 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1495.138 |
1408.131 |
|
|
|
Other Income |
|
|
113.819 |
|
|
|
TOTAL (A) |
1377.196 |
1495.138 |
1521.950 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Material Cost |
|
|
207.939 |
|
|
|
Increased / Decreased in Stocks |
|
|
(42.534) |
|
|
|
Personal Cost |
1072.405 |
1125.005 |
129.655 |
|
|
|
Other Expenditure |
|
|
845.893 |
|
|
|
Prior Period Item |
|
|
1.835 |
|
|
|
TOTAL (B) |
1072.405 |
1125.005 |
1142.788 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
304.791 |
370.133 |
379.162 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
113.681 |
120.913 |
125.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
191.110 |
249.220 |
253.723 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
105.466 |
312.578 |
157.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
85.644 |
(63.358) |
96.668 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.993 |
(3.687) |
(30.499) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
61.651 |
(59.670) |
127.167 |
|
|
|
|
|
|
|
|
|
Less |
TRANSFER FROM BOND
REDEMPTION RESERVE |
NA |
NA |
0.050 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(194.432) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
(67.320) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
|
|
382.923 |
438.938 |
|
|
|
Commission Earnings |
295.153 |
34.780 |
54.872 |
|
|
|
Other Earnings |
|
129.957 |
22.189 |
|
|
TOTAL EARNINGS |
295.153 |
547.660 |
515.999 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
91.763 |
122.559 |
|
|
|
Stores & Spares |
NA |
19.408 |
3.211 |
|
|
|
Capital Goods |
NA |
79.892 |
494.855 |
|
|
|
Others |
NA |
21.365 |
46.516 |
|
|
TOTAL IMPORTS |
NA |
212.428 |
667.141 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.92 |
(1.23) |
2.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.48
|
(3.99) |
8.35
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
6.86
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.46
|
(2.43) |
3.90
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
(0.07) |
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.18
|
2.17 |
3.26
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.71
|
2.93 |
1.57
|
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 |
(No) |
|
5] |
Type of Business |
(Yes) |
|
6] |
Line of Business |
(Yes) |
|
7] |
Promoter's background |
(Yes) |
|
8] |
No. of employees |
(Yes) |
|
9] |
Name of person contacted |
(No) |
|
10] |
Designation of contact person |
(No) |
|
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 |
(No) |
|
15] |
Capital in the business |
(Yes) |
|
16] |
Details of sister concerns |
(Yes) |
|
17] |
Major suppliers |
(No) |
|
18] |
Major customers |
(No) |
|
19] |
Payments terms |
(No) |
|
20] |
Export / Import details (if applicable) |
(No) |
|
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 Proprietor/Partner/Director, if available |
(No) |
|
32] |
Passport No of Proprietor/Partner/Director, if available |
(No) |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
(No) |
Note:
The registered office of the company has been shifted from 305,
Acme Plaza, Opposite Sangam, Theatre, Andheri-Kurla Road, Andheri (East),
Mumbai-400059, Maharashtra, India to present address w.e.f. 01.12.2006
BACKGROUND
Subject, 100% subsidiary of Schott Glaswerkc Beteiligungs GmbH was incorporated on 5 December 1997. The Company has two divisions, Tubing Division and Trade Division. The Company has acquired the neutral glass tube manufacturing unit of Bharat Glass Tube Limited on 28 January 1998. The Company produces Clear (NGC), Amber (NGA) and Fiolax Clear glass for pharma packaging. The Company has started its Trading Division from October 1998 in Mumbai and is mainly in the business of marketing the products for different Schott Business Units.
CONTINGENT
LIABILITIES:
(Rs In Millions)
|
Particular |
31.03.2011 |
31.03.2010 |
|
On account of claim made by an ex-employee for past dues |
1.655 |
1.655 |
|
On account of excise duty refund received where central excise department is in appeal |
0.311 |
0.311 |
|
On account of sales tax |
6.540 |
6.540 |
|
Service tax on commission income and lease rent on precious metal |
11.930 |
12.182 |
|
Cenvat credit on capital on precious metal imported under lease rent basis. |
12.226 |
80.084 |
|
Service tax on behalf of foreign service provider |
41.147 |
29.809 |
|
Cenvat credit on capital goods |
4.656 |
-- |
|
Service tax on various services |
2.853 |
-- |
|
Anti dumping duty on raw material imported |
0.265 |
-- |
|
Bank guarantees issued |
16.425 |
16.425 |
Fixed Assets
- Computer
Software
- Guest House
(Factory)
- Plant and
Machinery
- Furniture and
Fixtures
- Leasehold
Improvements
- Vehicles
- Office
Equipments
AS PER WEBSITE
PROFILE
Subject has been present in India since 1998 when SCHOTT took over a company producing pharmaceutical tubing in Jambusar district in the State of Gujarat. This plant now functions as a production hub for SCHOTT pharmaceutical tubing for Asia.
In the same year, SCHOTT set up a sales office in Mumbai to offer specialized products for other markets such as Electronics, Consumer Appliances, Optics and Speciality Tubings. Today, SCHOTT through its 100% subsidiary in India has one manufacturing site in Gujarat and two sales offices in Mumbai and Pune. The main businesses for the sales office come from Solar Photovoltaic, Electronic Packaging, Optics and Speciality Technical Tubing. The sales office is actively working with customers in other growing areas such as kitchen appliances, refrigeration displays for super markets and receiver tubes for solar thermal applications. About 350 people work on the production site and intwo sales offices.
To provide the Indian pharmaceutical industry with high quality tubing, SCHOTT has completely modernized the production technology to SCHOTT standards and also expanded its production capacity. In 2006, SCHOTT installed a new tank to produce SCHOTT FIOLAX® tubing on site. Two years later, a further high technology tank was set up for additional production of pharmaceutical tubing.
In 2008, SCHOTT formed a 50:50 Joint Venture with Kaisha Manufacturers Private Limited. for the manufacturing of pharmaceutical ampoules and vials.
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.55.41 |
|
|
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
34 |
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.