MIRA
INFORM REPORT
|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZIM LABORATORIES LIMITED |
|
|
|
|
Formerly Known
As : |
ZIM LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 104, Vivek Co-operative Housing Society, Pipeline Road,
Behind Tilak Nagar, Chembur, Mumbai-440089, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.02.1984 |
|
|
|
|
Com. Reg. No.: |
11-032172 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.60.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1984PTC032172 [Old] L99999MH1984PLC032172 [New] |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMZ01062F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0200E |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares
are Listed on The Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing of Pharmaceuticals Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2110000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track record. The company has performed well during 2012. Financial position of the company appears to be good. Trade relations are reported as decent. Business is active. Payments are reported to be usually correct. The company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB [Long Term] |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
15.01.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ [Short Term] |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
15.01.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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 : |
Flat No. 104, Vivek Co-operative Housing Society, Pipeline Road,
Behind Tilak Nagar, Chembur, Mumbai-440089, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative/ Corporate Office : |
Universal Square, 545, Post Box, 320, Shantinagar, Nagpur-440002, Maharashtra, India |
|
Tel. No.: |
91-712-2760807/2764597 / 2760307/2770959 |
|
Fax No.: |
91-712-2763212 / 2770757 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. B-21/22, MIDC Industrial Area, Kalmeshwar, District Nagpur-441501, Maharashtra, India |
|
Tel. No.: |
91-7118-271370/ 271990/ 271480 / 8271470 |
|
Fax No.: |
91-7118-271470/ 271780/ 440002 |
|
E-Mail : |
|
|
Area : |
1.5 Acer |
|
Location : |
Leased |
|
|
|
|
Factory 2 : |
Plot No.1, 2 and 13, Mahesh Nagar, Main Road, Shanti Nagar,
Nagpur-440002, Maharashtra, India |
|
Tel. No.: |
91-712-2770959 |
|
Fax No.: |
91-712-2760807 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Zakirbhai Salehbhai Vali |
|
Designation : |
Chairman |
|
Address : |
545, Shanti Nagar, Nagpur-440002, |
|
Date of Birth/Age : |
07.02.1939 |
|
Date of Appointment : |
28.09.2012 |
|
Din No.: |
00441201 |
|
|
|
|
Name : |
Mr. Anwar Siraj Daud |
|
Designation : |
Managing Director |
|
Address : |
Daud Compound, Shanti Nagar, Nagpur-440002, |
|
Date of Birth/Age : |
31.12.1958 |
|
Date of Appointment : |
01.08.2012 |
|
Din No.: |
00023529 |
|
|
|
|
Name : |
Mr. Riyaz Ahmed Kikabhai Kamal |
|
Designation : |
Whole Time Director |
|
Address : |
67/D, Near MSEB Substation, Shantinagar, Nagpur-440002, Maharashtra,
India |
|
Date of Birth/Age : |
19.05.1951 |
|
Date of Appointment : |
01.04.2009 |
|
Din No.: |
00023562 |
|
|
|
|
Name : |
Mr. Faiz Zakir Vali |
|
Designation : |
Director |
|
Address : |
Universal Pharmacy, 545, Shantinagar, Nagpur-440002, Maharashtra,
India |
|
Date of Birth/Age : |
25.02.1967 |
|
Date of Appointment : |
30.09.2011 |
|
Din No.: |
01809196 |
|
|
|
|
Name : |
Mr. Naresh Janardhan Gaikwad |
|
Designation : |
Director |
|
Address : |
A2-104, Mathda Colony, Amravati Road, Nagpur-440001, Maharashtra,
India |
|
Date of Birth/Age : |
22.12.1954 |
|
Date of Appointment : |
28.09.2012 |
|
Din No.: |
02185462 |
|
|
|
|
Name : |
Mr. Veerendra Kumar Parashar |
|
Designation : |
Director |
|
Address : |
13-P, Bharat Nagar, Nagpur-440033, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1940 |
|
Date of Appointment : |
30.09.2011 |
|
Din No.: |
02456416 |
KEY EXECUTIVES
|
Name : |
Rishinaradamangalam Anantharaman Parasuraman |
|
Designation : |
Secretary |
|
Address : |
Flat No. 6, Atrey Apartment, 6, Buty Plots, Dharampeth, Nagpur-440010,
Maharashtra, India |
|
Date of Birth/Age : |
02.11.1936 |
|
Date of Appointment : |
01.02.2008 |
|
Pan No.: |
AGWPP7486K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
NOT AVAILABLE
AS ON 28.09.2012
|
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] |
|
3.73 |
|
Bodies
corporate |
|
21.70 |
|
Directors
or relatives of directors |
|
56.80 |
|
Other
top fifty shareholders |
|
10.47 |
|
Others
|
|
7.30 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharmaceuticals Products. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Tablets |
Nos. |
17149.80 |
30320.884 |
|
Capsules |
Nos. |
5670.00 |
3689.071 |
|
Pellets |
KG |
4.07 |
4.428 |
|
Dry Syrup |
LTR |
0.03 |
0.004 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Bank of India, Nagpur Mid-Corporate Branch, S V Patel Marg, Nagpur-
440001, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Paliwal Modani and Company Chartered Accountants |
|
Address : |
Opposite City Post Office, Itwari, |
|
PAN No: |
AABFP5515E |
|
|
|
|
Associates : |
Unijules Life Sciences Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each
|
Rs.60.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
60.000 |
60.000 |
60.000 |
|
|
2] Share Application Money |
41.703 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
426.107 |
268.600 |
180.762 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
527.810 |
328.600 |
240.762 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
509.729 |
385.049 |
325.403 |
|
|
2] Unsecured Loans |
14.882 |
9.850 |
5.137 |
|
|
TOTAL BORROWING |
524.611 |
394.899 |
330.540 |
|
|
DEFERRED TAX LIABILITIES |
37.231 |
26.097 |
18.665 |
|
|
|
|
|
|
|
|
TOTAL |
1089.652 |
749.593 |
589.967 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
404.016 |
329.746 |
233.711 |
|
|
Capital work-in-progress |
51.726 |
21.097 |
13.730 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.526 |
10.512 |
0.510 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
140.037
|
165.274 |
114.895 |
|
|
Sundry Debtors |
590.856
|
451.034 |
416.730 |
|
|
Cash & Bank Balances |
160.915
|
61.105 |
21.728 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
205.293
|
170.126 |
88.825 |
|
Total
Current Assets |
1097.101
|
847.539 |
642.178 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
245.597
|
247.928 |
270.769 |
|
|
Other Current Liabilities |
157.571
|
175.048 |
1.733 |
|
|
Provisions |
60.549
|
36.325 |
27.660 |
|
Total
Current Liabilities |
463.717
|
459.301 |
300.162 |
|
|
Net Current Assets |
633.384
|
388.238 |
342.016 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1089.652 |
749.593 |
589.967 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1802.490 |
1408.974 |
998.823 |
|
|
|
Other Income |
63.787 |
20.922 |
3.728 |
|
|
|
TOTAL (A) |
1866.277 |
1429.896 |
1002.551 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1059.775 |
882.600 |
|
|
|
|
Purchase of traded goods |
15.840 |
15.057 |
|
|
|
|
Employee benefits expenses |
112.273 |
86.324 |
836.432 |
|
|
|
Other expenses |
319.493 |
261.112 |
|
|
|
|
Changes in inventories of finished goods work in progress and traded
goods |
23.842 |
(32.280) |
|
|
|
|
TOTAL (B) |
1531.223 |
1212.813 |
836.432 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
335.054 |
217.083 |
166.119 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
76.605 |
62.089 |
52.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
258.449 |
154.994 |
113.552 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.555 |
17.691 |
10.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
234.894 |
137.303 |
103.421 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
70.413 |
42.468 |
38.555 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
164.481 |
94.835 |
64.866 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
263.096 |
175.258 |
110.391 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.200 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
6.000 |
6.000 |
0.000 |
|
|
|
Tax on Dividend |
0.973 |
0.996 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
416.404 |
263.097 |
175.257 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
27.41 |
15.81 |
10.81 |
|
|
|
Diluted |
27.41 |
15.81 |
10.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.81
|
6.63 |
6.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.03
|
9.74 |
10.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.65
|
11.66 |
11.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.42 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.99
|
1.20 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.37
|
1.85 |
2.14 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
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 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] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
The registered office of the company has been shifted from
41,
WORKING RESULTS:
The gross sales
for the financial year under review were Rs. 18447.90 lacs as against Rs.
14376.71 lacs for the previous financial year registering an increase of 28.32
% over the previous year. The profit before tax has increased from Rs.1373.02
lacs to Rs. 2348.94 lacs during the year.
PRESENT OUTLOOK:
The Company
continues to grow equally in all its three chosen markets of Exports
(especially PFI’s), Deemed Exports and Domestic Institutional business. It has
acquired several new customers / tenders this year. The expansion and
modernization plan of present plant is under execution and is expected to keep
on adding new capacity to take care of Company’s growth.
The company has
also developed several new PFI’s and formulations to cater to Domestic as well
as International customer’s needs which will continue to provide growth and
profitability.
The present
performance is roughly in line with the projections made for this year.
PROJECTION:
New Markets: The Company has recently signed an MOU with
a Russian company to provide its initial entry in the Russian Market. Its
plants have been recently inspected by the Kenyan Ministry of Health. A first
trial order has been received from an Iranian company marking the beginning of
company’s entry in the new territory.
Further, they are
at an advanced stage of finalizing a reputed distributor in Tanzania to
initiate the MOH plant inspection in preparation for entry into this country.
Also, developed the Oral Thin film platform which resulted in developments
leading to a top Indian Pharmaceutical company showing keen interest in
entering into a P to P manufacturing arrangement for one product.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Term loans from others |
6.745 |
4.713 |
|
Deferred sales tax loan |
5.137 |
5.137 |
|
Other loans and advances |
3.000 |
0.000 |
|
TOTAL
|
14.882 |
9.850 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
L99999MH1984PLC032172 |
|
Name of the
company |
ZIM LABORATORIES
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 104, Vivek Co-operative Housing Society, Pipeline Road,
Behind Tilak Nagar, Chembur, Mumbai-440089, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Floating Charge |
|
Particular of
charge holder |
Bank of India, Nagpur Mid-Corporate Branch, S V Patel Marg, Nagpur-
440001, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Joint Deed of
Hypothecation dt. 01.02.2013 hypothecating whole of the current assets viz;
namely stock in trade consisting of raw material, semi finished goods and
finished goods, stores and spares, bills receivables and book debts, all
outstanding monies receivable both present and future to the Deed of
Hypothecation. |
|
Date of
instrument Creating the charge |
01.02.2013 |
|
Amount secured by
the charge |
Rs.670.600
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest shall be
at such rate or rates as may be determined by the Consortium Member Banks
from time to time. Terms of Repayment To repay the loan
from the consortium banks on demand as may be standing at the foot of the
Cash Credit accounts and other accounts together with interest and all
charges as set out in second schedule to the consortium agreement (vide
clause 5 of the deed). Margin The security margin
shall be at the discretion of the Banks from time to time. Extent and Operation of the charge To secure
repayment of the loan amounting to Rs. 670.600 millions being aggregate of
the loans from the consortium banks with interest, cost and charges. |
|
Short particulars
of the property charged |
Current Assets
and movable fixed assets situate at B-21/22, admeasuring 4940 Sq. Mtr. of
Mouza-Brahmni, Village - Sawangi of MIDC Kalmeshwar, Nagpur. Current Assets
and movable fixed assets situate at Plot No. B-5, admeasuring 1830 Sq. Mtr.
of Mouza-Brahmni, Village - Sawangi of MIDC Kalmeshwar, Nagpur. Current Assets
and movable fixed assets situate at Plot No. A8/14, admeasuring 1000 Sq. Mtr.
of Mouza-Brahmni, Village - Sawangi of MIDC Kalmeshwar, Nagpur. Current Assets
and movable fixed assets situate at Survey No. 100, P.H. No. 20, admeasuring
0.43 Hr. of Mouza-Brahmni, Village - Sawangi of MIDC Kalmeshwar, Nagpur. (Description of
Current assets and Movable Fixed assets are set out of Joint Deed of Hypothecation) |
FIXED ASSETS:
·
Leasehold Land
·
Freehold Land
·
Factory Building
·
Electric Installation
·
Computer
·
Vehicles
·
Office Equipments
·
Plant and Machinery
·
Office Building
·
Printing Rollers
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 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 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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.