MIRA
INFORM REPORT
|
Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
MERIL LIFE SCIENCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bilakhia House, Survey No. 135/139, Muktanand Marg, Chala, Vapi – 396191, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
19.06.2007 |
|
|
|
|
Com. Reg. No.: |
04-051137 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.925.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239GJ2007PTC051137 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
SRTM03995F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM1444G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Coronary Stent System. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, 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 – 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 / Corporate Headquarters: |
Bilakhia House, Survey No. 135/139, Muktanand Marg, Chala, Vapi – 396191, Gujarat,
India |
|
Tel. No.: |
91-260-3052100 |
|
Fax No.: |
91-260-3052125 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
International Sales Office : |
612, B-Wing, Bonanza, Sahar Plaza, Andheri East), Mumbai 400 059, Maharashtra,
India |
|
Tel. No.: |
91-22-39350700 |
|
Fax No.: |
91-22-40479717 |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Nanubhai Premjibhai
Bambharolia |
|
Designation : |
Director |
|
Address : |
Plot No.147 and 148, Opposite Rofel College,
GIDC, Vapi - 396195, Gujarat, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
19. 06.2007 |
|
DIN No.: |
00089481 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U24231GJ1993PTC038905 |
MITSU
PRIVATE LIMITED |
Whole-time
director |
01-07-07 |
18-06-99 |
- |
Active |
NO |
|
2 |
U74210GJ1997GAP031525 |
VAPI
WASTE AND EFFLUENT MANAGEMENT COMPANY LIMITED |
Director |
15-02-03 |
15-02-03 |
04-12-09 |
Active |
NO |
|
3 |
U02001GJ2005PTC047077 |
MIPRO
SOLUTION PRIVATE LIMITED |
Director |
17-11-05 |
17-11-05 |
20-05-08 |
Active |
NO |
|
4 |
U01110MH2005PTC218601 |
MIPRO
BIO-GREEN PRIVATE LIMITED |
Director |
17-11-05 |
17-11-05 |
06-06-11 |
Active |
NO |
|
5 |
U33115GJ2005PTC047079 |
MIPRO
MEDICAL PRIVATE LIMITED |
Director |
17-11-05 |
17-11-05 |
- |
Active |
NO |
|
6 |
U73100GJ2000PTC038179 |
BILAKHIA
RESEARCH PRIVATE LIMITED |
Director |
29-09-06 |
17-05-06 |
- |
Active |
NO |
|
7 |
U65990GJ1999PTC035882 |
MARCO
PRIVATE LIMITED |
Director |
01-10-07 |
17-05-06 |
31-03-10 |
Active |
NO |
|
8 |
U65993GJ2005PTC045417 |
M3
INVESTMENT PRIVATE LIMITED |
Director |
02-08-06 |
17-05-06 |
31-03-10 |
Active |
NO |
|
9 |
U45201GJ1999PTC036443 |
MEXUS
CORPORATION PRIVATE LIMITED |
Director |
29-09-06 |
17-05-06 |
01-10-07 |
Active |
NO |
|
10 |
U65990GJ1999PTC035945 |
MIXON
HOLDINGS PRIVATE LIMITED |
Director |
29-09-06 |
17-05-06 |
31-03-10 |
Active |
NO |
|
11 |
U15499GJ2002PTC040964 |
MIDAS
SPECIALTY PRIVATE LIMITED |
Director |
29-09-06 |
17-05-06 |
- |
Active |
NO |
|
12 |
U24110GJ2005PTC045414 |
HINDUSTAN
INKS PRIVATE LIMITED |
Director |
02-08-06 |
17-05-06 |
- |
Active |
NO |
|
13 |
U24119GJ2006PTC048361 |
MICRO
LIFE SCIENCES PRIVATE LIMITED |
Director |
31-05-06 |
31-05-06 |
14-11-08 |
Active |
NO |
|
14 |
U34203GJ2006PTC048639 |
MYLIFE
PRIVATE LIMITED |
Director |
06-07-06 |
06-07-06 |
19-01-08 |
Active |
NO |
|
15 |
U51909GJ1991PTC015340 |
MEXUS
TECHNOLOGY PRIVATE LIMITED |
Director |
29-09-06 |
13-09-06 |
17-09-07 |
Active |
NO |
|
16 |
U40109GJ2006PTC049225 |
MITSU
ENERGY PRIVATE LIMITED |
Director |
12-10-06 |
12-10-06 |
- |
Active |
NO |
|
17 |
U24120MH1985PTC037717 |
MILESTONE
HOLDINGS AND INFRASTRUCTURE PRIVATE LIMITED |
Director |
27-09-07 |
10-01-07 |
- |
Active |
NO |
|
18 |
U65993GJ2005PTC046848 |
MARCO
HOLDINGS PRIVATE LIMITED |
Director |
29-09-07 |
12-01-07 |
- |
Active |
NO |
|
19 |
U24239GJ2007PTC051137 |
MERIL
LIFE SCIENCES PRIVATE LIMITED |
Director |
19-06-07 |
19-06-07 |
- |
Active |
NO |
|
20 |
U52399GJ2011PTC066566 |
MERIL
HEALTHCARE INDIA PRIVATE LIMITED |
Director |
28-07-11 |
28-07-11 |
- |
Active |
NO |
|
Name : |
Mr. Rajnikant Gandalal
Vyas |
|
Designation : |
Director |
|
Address : |
B-602, Eternia, Main Street, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1945 |
|
Date of Appointment : |
20.10.2010 |
|
DIN No.: |
00837447 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74140MH1995PTC087963 |
GREYMATTER
CONSULTANTS PRIVATE LIMITED |
Director |
03-05-95 |
03-05-95 |
Strike
off |
NO |
|
2 |
U40109GJ2006PTC049225 |
MITSU
ENERGY PRIVATE LIMITED |
Director |
09-02-10 |
09-01-07 |
Active |
NO |
|
3 |
U72900MH2007PTC172081 |
HELISYS
TECHNOLOGIES PRIVATE LIMITED |
Director |
02-07-07 |
02-07-07 |
Active |
NO |
|
4 |
U24239GJ2007PTC051137 |
MERIL
LIFE SCIENCES PRIVATE LIMITED |
Director |
28-09-11 |
14-09-07 |
Active |
NO |
|
5 |
U36900MH2007PTC171150 |
M GRAPH
INDUSTRIES PRIVATE LIMITED |
Director |
22-09-08 |
20-02-08 |
Active |
NO |
|
6 |
U24119GJ2006PTC048361 |
MICRO
LIFE SCIENCES PRIVATE LIMITED |
Director |
29-09-09 |
14-11-08 |
Active |
NO |
|
7 |
U45400MH2008PTC180804 |
MAPEL
INFRASTRUCTURE PRIVATE LIMITED |
Director |
21-08-09 |
27-03-09 |
Active |
NO |
|
8 |
U33110GJ2009PTC058829 |
INTERVENTIONAL
TECHNOLOGIES & DEVICES PRIVATE LIMITED |
Director |
09-12-09 |
09-12-09 |
Active |
NO |
|
9 |
U33110GJ2011PTC064994 |
MERIL
DIAGNOSTICS PRIVATE LIMITED |
Director |
18-04-11 |
18-04-11 |
Active |
NO |
|
10 |
U33110GJ2011PTC064993 |
MERIL
MEDICAL PRIVATE LIMITED |
Director |
18-04-11 |
18-04-11 |
Active |
NO |
|
11 |
U24230GJ2011PTC065022 |
MERIL
HEALTHCARE PRIVATE LIMITED |
Director |
19-04-11 |
19-04-11 |
Active |
NO |
|
12 |
U33110GJ2011PTC065366 |
MERIL
ENDO SURGERY PRIVATE LIMITED |
Director |
10-05-11 |
10-05-11 |
Active |
NO |
|
13 |
U33110GJ2011PTC065364 |
MERIL
THERAPEUTICS PRIVATE LIMITED |
Director |
10-05-11 |
10-05-11 |
Active |
NO |
|
14 |
U24100GJ2011PTC065363 |
MERIL
PHARMACEUTICALS PRIVATE LIMITED |
Director |
10-05-11 |
10-05-11 |
Active |
NO |
|
15 |
U73200GJ2011PTC066526 |
MERIL
RESEARCH PRIVATE LIMITED |
Director |
26-07-11 |
26-07-11 |
Active |
NO |
|
16 |
U33110GJ2011PTC066547 |
MERIL
OPHTHALMIC PRIVATE LIMITED |
Director |
27-07-11 |
27-07-11 |
Active |
NO |
|
17 |
U73100GJ2011PTC066912 |
MERIL
TECHNOLOGIES PRIVATE LIMITED |
Director |
27-08-11 |
27-08-11 |
Active |
NO |
|
18 |
U73100GJ2011PTC066927 |
MERIL
INNOVATION PRIVATE LIMITED |
Director |
29-08-11 |
29-08-11 |
Active |
NO |
|
19 |
U24232GJ2008PTC052865 |
MERIL
ORTHOPEDIC PRIVATE LIMITED |
Additional
director |
03-10-11 |
03-10-11 |
Active |
NO |
|
20 |
U33110GJ2011PTC068204 |
MERIL
IMAGING PRIVATE LIMITED |
Director |
14-12-11 |
14-12-11 |
Active |
NO |
|
21 |
U33110GJ2011PTC068202 |
MERIL
ENT PRIVATE LIMITED |
Director |
14-12-11 |
14-12-11 |
Active |
NO |
|
22 |
U33110GJ2011PTC068200 |
MERIL
DENTAL PRIVATE LIMITED |
Director |
14-12-11 |
14-12-11 |
Active |
NO |
|
Name : |
Mr. Utpalkumar Devendrakumar
Thakor |
|
Designation : |
Whole-time director |
|
Address : |
203, Samrajya Apr-1, Royal Residency, Gokulvihar Township, Chharwara
Road, Vapi – 396191, Gujarat, India |
|
Date of Birth/Age : |
04.01.1996 |
|
Date of Appointment : |
23.03.2011 |
|
DIN No.: |
03463537 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24239GJ2007PTC051137 |
MERIL
LIFE SCIENCES PRIVATE LIMITED |
Whole-time
director |
23-03-11 |
23-03-11 |
Active |
NO |
|
2 |
U52399GJ2011PTC066566 |
MERIL
HEALTHCARE INDIA PRIVATE LIMITED |
Director |
28-07-11 |
28-07-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
Equity Shares
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Micro Life Sciences Private Limited, India |
|
59359999 |
|
Micro Life Sciences Private Limited jointly with Anjum
Bilakhia |
|
1 |
|
Total |
|
59360000 |
Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Micro Life Sciences Private Limited, India |
|
33150000 |
|
Total
|
|
33150000 |
As on 28.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Coronary Stent System. |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Coronary Stent System |
|
Nos. |
45000 |
22070 |
|
Balloon Catheter System |
|
Nos. |
45000 |
11429 |
|
|
|
|
|
|
|
|
|
|
|
|
Notes:
(ii) As per the Industrial Policy declared in July 1991 and as amended in
April 1993, no licenses are required for the products manufactured by the
Company.
(ii) Installed capacities are as certified by
the Management as this being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gopalakrishnan Aiyer and Company Chartered Accountants |
|
Address : |
CM-8/13, Dharti Chamber, First Floor,
N.H.No.8, Vapi, Gujarat, India |
|
PAN.: |
ABDPA7449K |
|
|
|
|
Ultimate Holding Company : |
Bilakhia Holdings Private Limited (22nd October,
2010) |
|
|
|
|
Holding
Company : |
Micro Life Sciences Private Limited (22nd October, 2010) |
|
|
|
|
Subsidiary
Company : |
Meril Life Sciences India Private Limited |
|
|
|
|
Fellow
Subsidiary of Holding Company : |
Mexus Corporation Private Limited (from 22nd
October, 2010) |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Millions |
|
40000000 |
Preferences Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
|
Total |
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59360000 |
Equity Shares |
Rs.10/- each |
Rs.593.600
Millions |
|
33150000 |
Preferences Shares |
Rs.10/- each |
Rs.331.500
Millions |
|
|
|
|
Rs.925.100 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 |
925.100 |
10.100 |
10.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(85.090) |
(91.523) |
(52.109) |
|
|
NETWORTH |
840.010 |
(81.423) |
(42.009) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
451.000 |
341.000 |
|
|
TOTAL BORROWING |
0.000 |
451.000 |
341.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
13.494 |
12.852 |
|
|
|
|
|
|
|
|
TOTAL |
840.010 |
383.071 |
311.843 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
234.925 |
172.179 |
187.812 |
|
|
Capital work-in-progress |
15.743 |
59.080 |
41.347 |
|
|
|
|
|
|
|
|
INVESTMENT |
121.292 |
15.033 |
5.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
70.920
|
50.142 |
34.591 |
|
|
Sundry Debtors |
159.921
|
84.074 |
30.882 |
|
|
Cash & Bank Balances |
10.074
|
15.750 |
22.839 |
|
|
Other Current Assets |
0.001
|
0.000 |
0.000 |
|
|
Loans & Advances |
248.638
|
8.278 |
12.050 |
|
Total
Current Assets |
489.554
|
158.244 |
100.362 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.352
|
16.533 |
17.830 |
|
|
Other Current Liabilities |
6.417
|
3.721 |
2.978 |
|
|
Provisions |
1.744
|
1.224 |
1.892 |
|
Total
Current Liabilities |
21.513
|
21.478 |
22.700 |
|
|
Net Current Assets |
468.041
|
136.766 |
77.662 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.009 |
0.013 |
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
84.010 |
383.071 |
311.843 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
269.122 |
114.707 |
39.408 |
|
|
|
Other Income |
0.767 |
0.718 |
1.428 |
|
|
|
TOTAL |
269.889 |
115.425 |
40.836 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
276.928 |
154.192 |
79.829 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(7.039) |
(38.767) |
(38.993) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(13.472) |
0.647 |
13.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.433 |
(39.414) |
(52.109) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(91.523) |
(52.109) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(85.090) |
(91.523) |
(52.109) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export at F.O.B. Value |
47.067 |
13.539 |
1.619 |
|
|
TOTAL EARNINGS |
47.067 |
13.539 |
1.619 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
8.332 |
7.181 |
43.679 |
|
|
|
Materials, stores & Consumables |
72.942 |
43.927 |
28.300 |
|
|
TOTAL IMPORTS |
81.274 |
51.108 |
71.979 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.25 |
(39.02) |
(107.67) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.38
|
(34.15) |
(127.61) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.62
|
(33.80) |
(98.95) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.97)
|
(11.73) |
(13.53) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01)
|
0.48 |
0.93 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.03
|
(5.80) |
(8.66) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
22.76
|
7.37 |
4.42 |
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 |
No |
|
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 |
No |
|
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 |
Note:
Registered office of the company has been shifted from “Kalpdeep, Plot No. 147, H-1, Charwada
Road, GIDC, Vapi - 396195, Gujarat, India” to the
present address w.e.f. 23.10.2010
Performance Review
During the year the Company achieved a total
turnover of Rs.269.122 Millions as compared to Rs.
114.707 Millions in previous year. The Company has recorded a growth of 134.6%
in sales.
The Company has recorded domestic sales of
Rs.221.549 Millions and export sales of Rs.47.573 Millions.
The Company’s products are widely accepted in domestic
and export market. The management of the Company is very optimistic for
significant growth in future.
Contingent Liability:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Duty saved on purchase of capital goods under EPCG license against future export obligation |
17.585 |
21.977 |
|
Un-expired letters of credit issued by our bankers to Various third Parties. |
0.000 |
11.529 |
|
Bank Guarantee to Government agency |
0.100 |
0.100 |
|
Corporate Guarantee given to bank on behalf of Subsidiary company (Amount outstanding is Rs.35.668 Millions (Previous Year Rs.NIL)) |
52.615 |
0.000 |
Fixed Assets:
Tangible Assets
·
Leasehold Improvements
·
Plant and Machinery
·
Office Equipments
·
Computers and Hardware
·
Furniture and Fixtures
·
Vehicles
Intangible Assets
·
Technical Know how
·
Designs(BMS and DES)
·
Trade Mark
·
Computer Software
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.55.93 |
|
|
1 |
Rs.88.15 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.