|
Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
INVENT BIO-MED PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
517, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri
(West), Mumbai-4000053, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.05.2005 |
|
|
|
|
Com. Reg. No.: |
152988 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.4.401
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110MH2005PTC152988 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI06970F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI3632E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of medical devices and plastic disposable, vascular
intervention device. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 213552 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory tack. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered/ Sales Office : |
517, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri (West),
Mumbai-4000053, Maharashtra, India |
|
Tel. No.: |
91-22-26324234/ 32446459 |
|
Fax No.: |
91-22-26324250 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. (owned) |
|
|
|
|
Factory : |
109, |
|
Tel. No.: |
91-261-3230180 |
|
Fax No.: |
91-261-2397157 |
|
|
|
|
Factory Office: |
Plot No. H/1, Shop No.5, Laxmi Villa Township Housing Zone, GIDC
Sachin, Surat-394230, Gujarat, India |
|
Tel. No.: |
91-261-3116161 |
|
E-Mail : |
|
|
|
|
|
Branch: |
Rajiv Arcade, 701, 7th Floor, Opposite Gurukul,
Drive-in-Road, Memnagar, Ahmedabad 380052, Gujarat, India |
|
Tel. No.: |
91-79-32505315 |
|
Email ID: |
|
|
|
|
|
|
17, Spectrum Point # 508, |
|
Tel. No.: |
949-588-7568 |
|
Fax No.: |
949-588-7703 |
|
E-Mail : |
|
|
|
|
|
|
|
|
Tel. No.: |
03-5783-6778 |
|
Fax No.: |
03-5783-6779 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ravishankar Srivastava |
|
Designation : |
Director |
|
Address : |
T-37, 405/406, Royal Empire, Shastri Nagar, |
|
Date of Appointment : |
03.05.2005 |
|
|
|
|
Name : |
Mrs. Nivedita Ravishankar Srivastava |
|
Designation : |
Director |
|
Address : |
T-37, 405/406, Royal Empire, Shastri Nagar, |
|
Date of Appointment : |
03.05.2005 |
|
|
|
|
Name : |
Mr. Sunil Goyal |
|
Designation : |
Director |
|
Address : |
731/A, 7th Floor, Akshay Girikunj-Iii, |
|
Date of Appointment : |
23.11.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Ravishankar Srivastava |
106400 |
|
Nivedita Ravishankar Srivastava |
84475 |
|
Shardul Srivastava |
20000 |
|
Ashok R. Thakrar |
50000 |
|
Jayshree Ashok Thakrar |
47875 |
|
Dwarkesh Parikh |
11850 |
|
Dilip Parikh |
10485 |
|
Gajanan P. Ratnaparkhi |
5000 |
|
Smita Prikh |
18364 |
|
Rajkumar Gupta |
1000 |
|
Ladderup Finance Limited, |
40000 |
|
Praful C. Shah |
1065 |
|
Ashok Sharma |
1000 |
|
Jay Acharya |
1000 |
|
Murugesan Madurai Veeram |
28333 |
|
Zang Qui, Honkong |
13334 |
|
Total |
440181 |
AS ON 30.09.2011
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
12.27 |
|
Bodies
corporate |
9.09 |
|
Directors
or relatives of directors |
47.91 |
|
Other
top fifty shareholders |
30.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of medical devices and plastic disposable, vascular
intervention device. |
GENERAL INFORMATION
|
Bankers : |
·
Punjab National Bank Address: Mid Corporate Branch, Brady House, V.N. Road, Fort,
Mumbai-400023, Maharashtra, India. ·
Small Industries Development Bank of India Address: 11-13, first Floor, 209, Vinay k, Shah Marg, Atlant Building,
Nariman Point, Mumbai 400021, Maharashtra, India ·
Bank of Baroda Address: Versova Branch, Manish Market, 1st Floor, Sir J P
Road, Four Bunglow, Versova, Andheri West, Mumbai 400058, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gulab and Company Chartered Accountant |
|
Address : |
110/111, Sagar Shipping Centre, Near Ram Mandir, 76 J.P. Road, Andheri
(w), Mumbai-400058, Maharashtra, India. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
440181 |
Equity Shares |
Rs.10/- each |
Rs.4.401
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 |
4.401 |
3.285 |
3.248 |
|
|
2] Share Application Money |
0.000 |
11.187 |
0.339 |
|
|
3] Reserves & Surplus |
48.987 |
26.797 |
18.970 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.470) |
|
|
NETWORTH |
53.388 |
41.269 |
22.087 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
46.670 |
46.585 |
36.388 |
|
|
2] Unsecured Loans |
2.166 |
0.166 |
0.782 |
|
|
TOTAL BORROWING |
48.836 |
46.751 |
37.170 |
|
|
DEFERRED TAX LIABILITIES |
0.676 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
102.900 |
88.020 |
59.257 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.714 |
44.140 |
42.988 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.855 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.012 |
0.012 |
0.012 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
32.354
|
26.291
|
17.728
|
|
|
Sundry Debtors |
48.164
|
29.330
|
11.103
|
|
|
Cash & Bank Balances |
0.084
|
1.101
|
0.245
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1.687
|
4.278
|
1.730
|
|
Total
Current Assets |
82.289
|
61.000
|
30.806
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.958
|
14.200
|
14.781
|
|
|
Other Current Liabilities |
7.992
|
3.192
|
1.033
|
|
|
Provisions |
1.570
|
0.164
|
0.212
|
|
Total
Current Liabilities |
27.520
|
17.556
|
16.026
|
|
|
Net Current Assets |
54.769
|
43.444
|
14.780
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.550 |
0.424 |
1.477 |
|
|
|
|
|
|
|
|
TOTAL |
102.900 |
88.020 |
59.257 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
SALES |
96.600 |
95.300 |
52.000 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.085 |
7.983 |
0.604 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
5.085 |
7.983 |
0.604 |
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
11.96 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.26
|
8.38
|
1.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.26
|
8.38
|
1.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.06
|
7.59
|
0.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.19
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.44
|
1.56
|
2.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.99
|
3.47
|
1.92 |
LOCAL AGENCY FURTHER INFORMATION
Note: The Registered
office of the company has been shifted from 207, Jagruti Industrial Premises
Co-Operative Society Limited,
Operations: The company made
steady progress during the year. It has earned income of Rs. 96.600 millions
and earned profit of Rs. 5.085 millions.
Form 8
|
Corporate
identity number of the company |
U33110MH2005PTC152988 |
|
Name of the
company |
INVENT BIO-MED PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
517, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri
(West), Mumbai-4000053, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Punjab National Bank Address: Mid Corporate Branch, Brady House, V.N. Road, Fort,
Mumbai-400023, Maharashtra, India. Email: jpscs2007@gmail.com |
|
Nature of
instrument creating charge |
Hypothecation Of
Goods And Book Debts To Secure Cash Credit Facility For Rs.50.000 millions(Enhanced) Packing Credit
Agreement (Hypothecation) For Rs.5.000 millions(Within Cc Of Rs.50.000
millions) Deed Of
Hypothecation To Secure LC On DA Basis For Rs.15.000 millions Bills Discounting
For Rs.5.000 millions General Counter
Indemnity For Rs.5.000 millions Hypothecation Of
Block Of Assets For Rs.72.300 millions Letter Of
Continuity For Rs.72.300 millions ( All The Above Documents
Constitute Single Charge Of Rs.72.300 millions Enhanced) |
|
Date of
instrument Creating the charge |
28.11.2011 |
|
Amount secured by
the charge |
Rs. 72.300
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit
Facility - BR + 4.5% P.A. Terms of repayment Cash Credit
Facility Is Subject To Renewal At Every Year . Repayable On Demand. Margin Stocks- 25% Book Debts-40% Extent and operation of the charge Rs.72.300
millions And Operation Of Charge Entire Current Assets(All Present And
Future) Including Book Debts And Stocks , Goods In Transit And Entire Block
Of Assets (Present And Future), Plot No.109, In Surat Special Economic
Zone(Sursez) Diamond Park, Surat To
Secure Bank For Fund Base And Non Fund Base Limits
(Including Term Loan) Of Rs.72.300 millions (Enhanced). |
|
Short particulars
of the property charged (Including location of the property) |
Charge Entire Current
Assets(All Present And Future) Including Book Debts And Stocks , Goods In
Transit Plot No.109, In
Surat Special Economic Zone(Sursez), Diamond Park, Sachin, Surat- 394230. Entire Block Of
Assets (Present And Future) |
|
Particulars of the
present modification |
By This
Submission Of Modification, The Company Has Created Charge On Entire Current
Assets Includng Book Debts And Stocks, Goods In Transit, Entire Block Of
Assets (Present And Future) And On
Plot No.109, In Surat Special Economic Zone(Sursez) Surat To Secure Bank For Bank Fund Base And Non Fund Base
Facilities Of Rs.72.300 millions Enhanced. |
FIXED ASSETS:
·
Land
·
·
Furniture and Fixtures
·
Machinery
·
Vehicles
·
Computer
·
Office Equipments
·
Intangible Assets
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.50.31 |
|
|
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.