MIRA
INFORM REPORT
|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
BIOSTADT INDIA LIMITED |
|
|
|
|
Registered
Office : |
Poonam Chambers, A Wing, 6th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
28.05.2003 |
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|
|
|
Com. Reg. No.: |
11-140614 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.33.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24210MH2003PLC140614 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB11170F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB1830G |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Pesticides Formulations |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
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 3700000 |
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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.
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 – 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 |
LOCATIONS
|
Registered Office : |
Poonam Chambers, A Wing, 6th Floor, Dr. A. B. Road, Worli,
Mumbai - 400068, Maharashtra, India |
|
Tel. No.: |
91-22-66520520 |
|
Fax No.: |
91-22-66520521 |
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E-Mail : |
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Website : |
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Corporate Headquarters: |
Chennai Address: New No. 77, Old
No. 30, New Phone : 91-44-3251 2334 Address : Flat No. 302,
Nagasai Nivas, Srinivas Nagar (East), Maithrivanam, Ameerpet, Phone : 91-40-2373 5489 Kolkata Address 34, Phone : 91-33-6521 5936 NOIDA Address: 404, 4th Floor,
Sector 18, Vishal Chambers, Noida - 201 301, Phone : 91-120-4312
472 / 91-120-4355 329 Fax : 91-120-4312 472 |
|
|
|
|
Factory 1 : |
SIDCO Industrial Complex, Lane – III, Bari Brahmana, Jammu – 18133, Jammu and Kashmir, India |
|
Tel No. : |
91-1923-220171 / 220199 |
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|
|
|
Factory 2 : |
Plot No.16, S/N 328/1/1/2, at Masat Village, Near Tipco Factory, Silvassa - 396230, Gujarat, India |
|
Tel No.: |
91-260-3092738 |
|
Fax No.: |
91-260-3092738 |
|
|
|
|
Factory 3 : |
B-33, MIDC, Waluj, |
|
Tel No.: |
91-240-2564756 / 2564730 |
|
Fax No.: |
91-240-2564757 |
|
|
|
|
Factory 4 : |
W-4, MIDC Chikhalthana, |
|
Tel No.: |
91-240-2483-208 |
|
Fax No.: |
91-240-2483-208 |
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E-Mail.: |
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Domestic Depots: |
Located At ·
Ahmedabad ·
Ambala ·
·
Bhatinda ·
Bhiwandi ·
Chennai ·
·
·
Guwahati ·
·
·
Jaipur ·
Kolkata ·
·
·
·
·
·
·
Rudrapur ·
·
Siliguri ·
Sriganganagar ·
Vijaywada |
|
|
|
|
Overseas Offices : |
Located At · London · Philippines ·
Thailand |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Juzar Saifuddin Khorakiwala |
|
Designation : |
Chairman and Managing Director |
|
Address : |
9B, Clover Apartment, 29, Cuffe Parade, Colaba, Mumbai 400005, |
|
Date of Birth/Age : |
30.10.1950 |
|
Qualification : |
MBA |
|
Experience : |
36 Years |
|
Date of Appointment : |
28.05.2003 |
|
DIN No.: |
00082121 |
|
|
|
|
Name : |
Mr. Nishreen Juzar Khorakiwala |
|
Designation : |
Director |
|
Address : |
9B, Clover Apartment, 29, Cuffe Parade, Colaba, Mumbai 400005, |
|
Date of Birth/Age : |
20.12.1952 |
|
Date of Appointment : |
28.05.2003 |
|
DIN No.: |
00340349 |
|
|
|
|
Name : |
Mr. Ummehaani Juzar Khorakiwala |
|
Designation : |
Director |
|
Address : |
9B, Clover Apartment, 29, Cuffe Parade, Colaba, Mumbai 400005, |
|
Date of Birth/Age : |
06.02.1979 |
|
Date of Appointment : |
28.12.2007 |
|
DIN No.: |
02100257 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Ratnakar Kamath |
|
Designation : |
Secretary |
|
Address : |
A-1203, Anmol, Opposite Patel Auto, |
|
Date of Birth/Age : |
01.09.1963 |
|
Date of Appointment : |
15.10.2003 |
|
PAN No.: |
AANPK8135B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Juzar S. Khorakiwala |
|
49995 |
|
Nishreen J. Khorakiwala |
|
1 |
|
Umme Haani Khoraklwala |
|
1 |
|
Umme Aiman Khoraklwala |
|
1 |
|
Devendra Kumar Chopra |
|
1 |
|
Satish Kamath |
|
1 |
|
Al – Hambra Trust |
|
3250000 |
|
TOTAL |
|
3300000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
2.00 |
|
Other top fifty shareholders |
98.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pesticides Formulations |
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Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Liquids |
KL / Tonnes |
13500 |
2975 |
|
Powders |
KL / Tonnes |
2696 |
659 |
|
Granules |
KL / Tonnes |
24000 |
19538 |
Notes:
a) Installed Capacity is as certified by the Managing Director on which the Statutoy Auditors have relied, being a technical matter.
b) Production includes trade incentives and demonstration samples.
GENERAL INFORMATION
|
No. of Employees : |
600 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India ·
Barclays
Bank Plc, 601/603, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road,
Worli, Mumbai – 400 018, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
Engineering Centre, 6th Floor, 9 Matthew Road, Opera House, Mumbai – 400004, Maharashtra, India |
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PAN.: |
AAAFW4298E |
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|
|
|
Other Enterprises
over which Key Management Personnel and their relatives have significant
influence : |
· Akbarallys (partnership firm) · Al-Hambra Trust (charitable trust) · Haani Enterprises (partnership firm) ·
Genial Enterprises Private Limited |
|
|
|
|
Joint Venture : |
· Biostadt MHseeds Limited ·
Vinh Thinh Biostadt Joint Stock Company |
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|
|
|
Subsidiaries : |
· Biostadt Europe Limited ·
Biostadt Philippines Inc. (Step down
subsidiary) |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4050000 |
Equity Shares |
Rs.10/- each |
Rs.40.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3300000 |
Equity Shares |
Rs.10/- each |
Rs.33.000
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 |
33.000 |
33.000 |
33.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
909.124 |
812.075 |
742.273 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
942.124 |
845.075 |
775.273 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
347.683 |
240.435 |
271.707 |
|
|
2] Unsecured Loans |
36.629 |
36.629 |
36.629 |
|
|
TOTAL BORROWING |
384.312 |
277.064 |
308.336 |
|
|
DEFERRED TAX LIABILITIES |
20.973 |
27.573 |
31.872 |
|
|
|
|
|
|
|
|
TOTAL |
1347.409 |
1149.712 |
1115.481 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
335.729 |
329.983 |
314.374 |
|
|
Capital work-in-progress |
23.065 |
15.623 |
7.061 |
|
|
|
|
|
|
|
|
INVESTMENT |
62.385 |
63.306 |
25.775 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
465.368
|
377.049 |
416.675 |
|
|
Sundry Debtors |
519.713
|
588.901 |
505.319 |
|
|
Cash & Bank Balances |
135.138
|
59.261 |
2.177 |
|
|
Other Current Assets |
4.262
|
1.888 |
6.370 |
|
|
Loans & Advances |
384.946
|
253.908 |
222.594 |
|
Total
Current Assets |
1509.427
|
1281.007 |
1153.135 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
375.593
|
306.399 |
160.637 |
|
|
Other Current Liabilities |
177.627
|
216.724 |
211.540 |
|
|
Provisions |
29.977
|
17.084 |
12.687 |
|
Total
Current Liabilities |
583.197
|
540.207 |
384.864 |
|
|
Net Current Assets |
926.230
|
740.800 |
768.271 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1347.409 |
1149.712 |
1115.481 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2393.914 |
2121.028 |
1661.758 |
|
|
|
Other Income |
8.926 |
13.200 |
64.067 |
|
|
|
TOTAL (A) |
2402.840 |
2134.228 |
1725.825 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
1244.659 |
1172.892 |
|
|
|
|
Manufacturing service costs |
4.447 |
2.756 |
1602.243 |
|
|
|
Employee related expenses |
215.913 |
186.050 |
|
|
|
|
Administrative selling other expenses |
766.440 |
653.497 |
|
|
|
|
TOTAL (B) |
2231.459 |
2015.195 |
1602.243 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
171.381 |
119.033 |
123.582 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.141 |
23.728 |
31.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
144.240 |
95.305 |
92.520 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.130 |
29.442 |
25.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
111.110 |
65.863 |
67.016 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(6.101) |
(3.939) |
11.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
117.211 |
69.802 |
55.716 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
393.325 |
323.523 |
267.807 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
12.500 |
0.000 |
0.000 |
|
|
|
Dividend |
19.800 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
3.365 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
474.871 |
393.325 |
273.523 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
158.842 |
103.882 |
134.643 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
125.404 |
120.723 |
|
|
|
Capital Goods |
NA |
0.000 |
2.150 |
|
|
|
Traded Goods |
NA |
0.000 |
31.179 |
|
|
TOTAL IMPORTS |
NA |
125.404 |
154.052 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.52 |
21.15 |
16.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.88
|
3.27 |
3.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.64
|
3.11 |
4.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.02
|
4.09 |
4.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.08 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.03
|
0.97 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.57
|
2.37 |
3.00 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
-- |
|
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 |
DISCLOSURE OF CONTINGENT LIABILITIES
Rs. In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
|
Disputed sales-tax liability |
0.530 |
0.530 |
|
Guarantees given by Company's Bankers on behalf of the Company to third parties. |
1.169 |
0.275 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24210MH2003PLC140614 |
|
Name of the
company |
BIOSTADT INDIA
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Poonam Chambers, A Wing, 6th Floor, Dr. |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts · Floating charge ·
Others (Current Assets) |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
21.02.2012 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As per Bank's
Sanction Letter Terms of Repayment As per Bank's
Sanction Letter Margin As per Bank's
Sanction Letter Extent and Operation of the charge Hypothecation by
way of first ranking charge on the hypothecated assets of the company as
particularly described in the Second Schedule for the repayment of Rs.150.000
Millions and all other amounts due and payable by the Company to the Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First ranking
pari passu charge on all existing and future current assets. Detailed
description mentioned in the Second Schedule of Deed of Hypothecation. |
Fixed Assets
·
Freehold land
·
·
·
Other Building
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Computers
·
Vehicles
WEBSITE DETAILS
PROFILE
Subject believes that 'the growth of India is directly related to the growth of the rural areas'. Farmers being the central focus of rural India, it becomes necessary to give them a helping hand by providing them with top-of-the-line agricultural inputs and services.
With this as their core initiative, subject has been serving the farming community for over two decades. An impressive track record takes forward its strategy to head the leading position in the Biotechnology research-based agro inputs. This strategy has been further supported with safer and speciality chemical pesticides. The tremendous growth in the business in a span of just 15 years (from Rs.40.000 Millions in 1994 to Rs.2000.000 Millions in 2008) has itself created a story to talk about.
Now, subject is firmly positioned to address the emerging local and global challenges. They help in providing the farmers not just customized products but customized solutions, developing and evaluating products and processes for improving their satisfaction.
Their extensive high-quality product range that includes insecticides, herbicides, fungicides, hybrid seeds, aqua products and farm services, further supports this goal. They offer amongst the best list of farm protection and associated products in India.
They have now ventured to extend their vision in serving the farming community by introducing, for the first time in India, a chain of "Biostadt Aastha Clinics" that addresses the three healthcare needs of the farmer - a doctor for his family's health, a vet to take care of his animals and a crop care specialist to ensure a healthy crop produce. Five Aastha Clinics are already operational in different parts of the country.
Subject offers a healthy working environment that cultivates speed, teamwork and growing partnerships. They have a diverse group of talented people who discover, develop, manufacture and market crop protection, and industrial and commercial pest management products for use around the globe. A unique distributor network helps in serving this purpose effectively.
With a well-charted goal and powerful alliances, Subject is growing from strength to strength, expecting to touch the base of Rs.5000.000 Millions by the year 2012.
Milestones:
1986: Lauched Biozyme
1987: 1st Manufacturing Facility
1993: Chemical Pesticides Business
1994: Pesticide Formulation Unit
1995: DST Award International Foray
1997: Launch Biostadt Philippines Inc. with office at Metro Manila
2002: Launch of Hi-Q Seeds
2003: Sales Corsses 100 crores Formulation of Biostadt India Limited
2004: Factory at Silvassa and Joint Venture of Biostadt MH Seeds Limited
2005: 1st Aastha Clinic Biostadt Health Care
2007: Inauguration of the new R and D Centre INGENE
MANUFACTURING
FACILITIES
Countries like India which have strong knowledge and manufacturing capabilities are slated to see a huge boom in demand, fuelled by both domestic and International markets.
The agrochemicals and pesticides business in India plays a significant role in the development process and will be called upon to play an even more important part as the world looks to India and Asia for click and mortar synergy.
The manufacturing facility of Subject epitomizes this commitment to all sectors of Agrochemicals, Biopesticides, Bio-fertilizers, Aquaculture Products and Hybrid seeds.
The manufacturing facilities are multi-locational and are very well-equipped with state-of-the-art technology and testing equipment to produce quality products. As they are undisputed leader in Biological products continuously from last 25 years, their two-third facilities are dedicated to the manufacturing of Biological products. In the year 1995, a modern Bio-pesticide manufacturing unit was set up at Aurangabad with a production capacity of 100 MT per annum.
It is very well equipped with Industrial Fermenters, Concentrators, Spray Drier and sophisticated process control equipment. Quality formulations development and quality assurance form the main strength of Biostadt in all the products.
A remarkable achievement came its way when the company won the prestigious DSIT National Award for in-house development of HALT BT based bio-pesticide product in the year 1995. Today, the biofertilizer production unit at Aurangabad is proficient in producing quality products. The production capacity of Aurangabad plant is 1200 KL liquid Biozyme and its extensions per annum.
Quality of product proved itself among the farmers. This created a huge demand of Biological range of products among the farmers. Seeing the future demand of the products, Biostadt India Limited set up a new manufacturing unit with high efficiency at Silvassa in the year 2003, equipped with fermentation unit, high speed packing machines and granulation plant. With this highly equipped and efficient production unit, they are able to produce 3000 MT granule and 1450 KL of Biological Liquid.
They are constantly looking for new ways to improve their products and services. In same way, they have established new facilities at Jammu to cater the domestic and global needs. Their formulation plants are capable of producing a wide range of sophisticated formulations, both for their own needs and for many multi-national companies. They offer a wide range of products that includes Insecticides, Fungicides, Herbicides and adjuvant. They are also producing approximately 1200 KL of Biological liquids.
Also, at Waluj, Aurangabad, Biostadt India Limited is currently producing a wide range of formulations of insecticides and fungicides from generic to new generation molecules. The total installed capacity of the plant comprises of Liquid pesticide formulations 4500 KL, Wetteable powder 900 MT, etc.
Seed is the most crucial input for farmers. To give complete package to the farmers, Biostadt India Limited has ventured into the unexplored area of Seeds Business. Biostadt India Limited carries a clear objective to provide quality seeds that confirm to stringent quality norms before they are made available to farmers under the brand of Hi-Q Seeds.
People has always been the core strength of Biostadt, their significance is of utmost importance. A technically sound staff aspires to fulfill the role of a catalyst in the growth of Biostadt India Limited by achieving production targets, without compromising on quality.
Occupational safety and control of health hazards also remains one of their prime concerns. The health and safety of their staff and workers is of great importance to then. Also, periodic training is given to the staff and workers to make them aware of the safety parameters.
As a company they place great emphasis on contributing to a sustainable society. Care is taken to ensure that raw materials and energy are used efficiently across the production process. All their units are certified under the ISO 9001 for quality assurance, 14001 for Environment Pollution Control norms.
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] 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.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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.