MIRA INFORM REPORT
|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNIL HEALTHCARE LIMITED |
|
|
|
|
Registered
Office : |
Vijay
Tower, 38E/252-A, Shahpurjat, Panchsheel Commercial Complex, New Delhi –
110 049 |
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|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
05.02.1973 |
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|
|
|
Com. Reg. No.: |
55-189662 (New) 17-001478 (Old) |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.102.548
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24302DL1973PLC189662 (New) L24302RJ1973PLC001478 (Old) |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRS04356C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS9198Q |
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|
Legal Form : |
Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Manufacturer of Hard Gelatin Capsule Shells and also engaged in
Trading of Food Items. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 737000 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an
established company having moderate track record. Reserves of the company appear
to be low. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based Limits: BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
May, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Non-Fund Based Limit: A4+ |
|
Rating Explanation |
Minimal degree of safety it carry high credit risk. |
|
Date |
May, 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/ Corporate Office : |
Vijay
Tower, 38E/252-A, Shahpurjat, Panchsheel Commercial Complex, New Delhi –
110 049, India |
|
Tel. No.: |
91-11-49435500/ 55/ 66/ 77/ 88/ 99 |
|
Fax No.: |
91-11-43850087 |
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E-Mail : |
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|
Website : |
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|
Factory : |
17/18, Old Industrial Area, Alwar – 301 001, Rajasthan, India |
|
Tel. No.: |
91-144-2373829/ 33 |
|
Fax No.: |
91-144-2373826 |
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|
|
|
Branch Office : |
Located at: · Kolkata · Ahmedabad · Bangalore · Chennai ·
Secunderabad |
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. Anil Khaitan |
|
Designation : |
Chairman Cum Managing Director |
|
|
|
|
Name : |
Mr. Sanjay Kumar Kaushik |
|
Designation : |
Director |
|
Date of Birth/ Age : |
01.01.1969 |
|
Qualification : |
B Com |
|
Experience : |
More than 13 years experience in the own business |
|
|
|
|
Name : |
Mr. S.N. Balasubramanian |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Joginder Singh IPS (Retired) |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajat Kumar Niyogi IPS (Retired) |
|
Designation : |
Director |
|
|
|
|
Name : |
Prof. B. P. Srinivasan |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Virendra Kumar Garg |
|
Designation : |
Manager-Legal cum Company Secretary |
|
|
|
|
Name : |
Mr. Pawan Rathi |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2012
|
Category of Shareholders |
No. of Shares |
Percentage of Holding |
|
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
5384134 |
52.504 |
|
Bodies Corporate |
1699121 |
16.569 |
|
|
|
|
|
|
|
|
|
Total shareholding of Promoter and Promoter Group |
|
|
|
Public Shareholding |
|
|
|
|
|
|
|
|
10476 |
0.102 |
|
|
|
|
|
|
|
|
|
|
1878912 |
18.322 |
|
|
|
|
|
|
1001175 |
9.763 |
|
|
280932 |
2.740 |
|
Total |
10254750 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hard Gelatin Capsule Shells and also engaged in
Trading of Food Items. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
Notes: Long-term Borrowings (a) Term Loans
are Secured by specific Plant and Machineries and other immovable or movable fixed
Assets, purchased against specific loan. The same is also personally
guaranteed by Chairman cum Managing director and his relative. Term loans
aggregative 26.709 millions (including current maturity) is payable in 15
equally monthly installments of 1.655 millions and 16th
Installment of 1.884 millions carries interest rate of 16% p.a. Term loan
aggregative 42.000 millions (Including undisbursed amount 31.134 millions
payable in equally monthly installments of 0.700 million beginning with
effect from April 2013 and carries rate of interest 16% p.a. (b) Vehicle loan
from Bank is secured against hypothecation of specific assets acquired and
aggregate of 4.713 millions payable in 37 equally monthly installments of
0.127 million and carries rate of interest 10.5% p.a. (c) Vehicle loan
from other is secured against hypothecation of specific assets acquired and
aggregate of 0.460 million payable in 7 equally installments of 0.066 million
and carries rate of interest 10.5% p.a. Short-term
Borrowings (a) Cash Credit
is Secured by first charge by way of hypothecation on the entire stock of
inventories, receivables, bills, and other chargeable current assets of the
company (both present and future) and extension of first mortgage /
hypothecation charge on the entire fixed assets of the company. The same is
also personally guaranteed by Chairman cum Managing director and his
relative. |
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Banking
Relations : |
-- |
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|
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Auditors : |
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|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
New Delhi, India |
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Related Parties (Significant influence of Key Management Personal) : |
SNK Mecotronics Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10800000 |
Equity Shares |
Rs.10/- each |
Rs.108.000 millions |
|
20000 |
Redeemable Cumulative Preference Shares |
Rs.100/- each |
Rs.2.000 millions |
|
|
Total |
|
Rs.110.000
millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10254750 |
Equity Shares |
Rs.10/- each |
Rs.102.548
millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10254750 |
Equity Shares |
Rs.10/- each |
Rs.102.548
millions |
|
|
|
|
|
Reconciliation of Shares outstanding at the beginning and at the end of
year are given below:
|
Particulars |
2011-12 |
|
|
Numbers |
Amount (Rs. In
millions) |
|
|
Equity Shares outstanding at the beginning of the year |
9322500 |
93.225 |
|
Add: Bonus Shares Issued during the year |
932250 |
9.323 |
|
Less: Equity Shares bought back/ redeemed during the year |
-- |
-- |
|
Equity Shares outstanding at the end of the year |
10254750 |
102.548 |
Terms/Right attached
to equity shares
Each holder of
equity share is entitled to one vote per share. In the event of liquidation of
the Company the holder of equity share will be entitled to receive remaining assets
of the Company after preference distribution. The distribution will be in
proportion to the number of equity shares held by the share holders. There is
no restriction on distribution of dividends. However same is subject to the
approval of the shareholders in the Annual General Meeting.
|
Number of Shares
issued for consideration other than cash |
2011-12 |
2010-11 |
2009-10 |
2008-09 |
2007-08 |
|
Bonus shares |
932250 |
4661250 |
-- |
-- |
-- |
|
|
932250 |
4661250 |
-- |
-- |
-- |
Detail of shareholder
holding more than 5 percent shares of the Company as on reporting date are
given below:
|
Name of shareholder |
As at 31.03.2012 * |
|
|
Numbers of
Shares held |
Shares held
Holding |
|
|
Anil Khaitan |
2394235 |
23.41% |
|
Magnum Computer Private Limited |
1327211 |
12.94% |
|
Kundan Financial Services Private Limited |
531810 |
5.19% |
* Including Bonus shares but yet to be credited in their accounts.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
102.548 |
93.225 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
81.747 |
69.521 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
184.295 |
162.746 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
109.995 |
117.143 |
|
|
2] Unsecured Loans |
|
36.157 |
0.000 |
|
|
TOTAL BORROWING |
|
146.152 |
117.143 |
|
|
DEFERRED TAX LIABILITIES |
|
22.213 |
25.766 |
|
|
|
|
|
|
|
|
TOTAL |
|
352.660 |
305.655 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
225.552 |
242.816 |
|
|
Capital work-in-progress |
|
2.962 |
0.047 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.006 |
0.006 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
56.871 |
49.248 |
|
|
Sundry Debtors |
|
123.122 |
92.048 |
|
|
Cash & Bank Balances |
|
13.051 |
10.971 |
|
|
Other Current Assets |
|
2.692 |
2.986 |
|
|
Loans & Advances |
|
40.104 |
16.121 |
|
Total
Current Assets |
|
235.840 |
171.374 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
57.145 |
60.844 |
|
|
Other Current Liabilities |
|
37.076 |
40.879 |
|
|
Provisions |
|
17.479 |
6.865 |
|
Total
Current Liabilities |
|
111.700 |
108.588 |
|
|
Net Current Assets |
|
124.140 |
62.786 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
352.660 |
305.655 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Revenue from Operations |
|
434.271 |
376.182 |
|
|
|
Other Income |
|
8.559 |
7.023 |
|
|
|
TOTAL (A) |
|
442.830 |
383.205 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
1.337 |
2.243 |
|
|
|
Cost of Materials Consumed |
|
135.664 |
134.280 |
|
|
|
Changes in Inventories of Finished goods, Work-in-progress and
Stock-in-trade |
|
7.414 |
(3.931) |
|
|
|
Employee Benefits Expenses |
|
54.201 |
38.568 |
|
|
|
Power and Fuel |
|
47.747 |
42.816 |
|
|
|
Other Expenses |
|
112.445 |
96.846 |
|
|
|
TOTAL (B) |
|
358.808 |
310.822 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
84.022 |
72.383 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
19.103 |
23.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
64.919 |
49.074 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
32.110 |
31.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
32.809 |
17.397 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
11.122 |
4.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
21.687 |
12.805 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods on F.O.B. basis |
|
152.420 |
84.997 |
|
|
TOTAL EARNINGS |
|
152.420 |
84.997 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
52.518 |
14.681 |
|
|
|
Stores & Spares |
|
1.048 |
0.545 |
|
|
|
Capital Goods |
|
1.761 |
7.178 |
|
|
TOTAL IMPORTS |
|
55.327 |
22.404 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.24 |
1.37 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
4.90 |
3.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
7.55 |
4.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
7.11 |
4.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.18 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.79 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.11 |
1.58 |
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 two years |
Yes |
|
12) Profitability for last two 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 |
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 |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Inter Corporate Deposits (a) |
1.000 |
0.000 |
|
Loans from Directors (b) |
0.980 |
0.000 |
|
SHORT-TERM BORROWINGS |
|
|
|
Buyer's Credit from a Bank in Foreign Currency |
34.177 |
0.000 |
|
Total |
36.157 |
0.000 |
Notes:
Long-term Borrowings
(a) Intercorporate
deposits are repayable after 5 year and are interest free
(b) Loans from director are repayable after 5 year and are interest free
NATURE OF
OPERATION
The company has
manufacturing facility at Alwar (Rajasthan) for 7000 Million of Hard Gelatin
Capsule Shells. Company is also doing business of Trading of Food items.
OPERATIONS:
During 2011-12 the
production of Hard Gelatin Capsule Shells was 6150 Million against 6091 Million
in the previous year. The Gross Sales value is higher by 14.10% at 462.100
millions against 405.000 millions in the previous year.
Profit before tax
during the year was 88.51% higher at 32.809 millions against 17.397 millions in
the previous year. The profit was higher due to the higher sales and lower
interest cost. The management of the Company is optimistic about the current
fiscal and the future prospects of the Company.
Management of the
Company is committed to further improve the performance in the coming year and
to achieve more sales and more profitability by optimizing product mix and
exploring new avenues to achieve overall growth of the Company.
EXPANSION PROJECT:
Director of the
Company please to inform the shareholders of the Company that the company is in
process to install and commission of five new capsule machines during the
coming fiscal year. As a result of this expansion the installed capacity will
be increased from 7000 million capsules to 10000 million capsules per annum.
MANAGEMENT
DISCUSSIONS AND ANALYSIS REPORT:
OVERVIEW:
Subject, having
its state of art plant is situated at Alwar; Rajasthan for manufacture of Hard
Gelatin Capsule Shells commenced its manufacturing operation in 1976 with
installed capacity of 200 million Hard Gelatin Capsule Shell. With gradual
expansion, now the installed capacity is 7000 million capsules p.a.
INDUSTRY OUTLOOK:
The product of the
Company Hard Gelatin Capsule Shell is used by Pharmaceutical and Food
supplement Companies as a container for administering various medicines and
food supplements. Therefore, the growth of the industry is dependent on the
growth of pharmaceutical and food supplement companies domestically and
globally.
"The Indian
pharmaceutical industry is a success story providing employment for millions
and ensuring that essential drugs at affordable prices are available to the
vast population of this sub-continent."
The Indian
Pharmaceutical Industry today is in the front rank of India's science-based
industries with wide ranging capabilities in the complex field of drug
manufacture and technology. It ranks very high, in terms of technology, quality
and range of medicines manufactured. From simple headache pills to
sophisticated antibiotics and complex cardiac compounds, almost every type of
medicine is now made indigenously.
Playing a key role
in promoting and sustaining development in the vital field of medicines, Indian
Pharma Industry boasts of quality producers and many units approved by
regulatory authorities in USA and UK. International companies associated with
this sector have stimulated, assisted and spearheaded this dynamic development
in the past 53 years and helped to put India on the pharmaceutical map of the
world.
The Indian pharmaceuticals
market looks poised to grow to $55 billion in 2020, according to a new McKinsey
and Company report - "India Pharma 2020: Propelling access and acceptance,
realising true potential". This will be a quadrupling of the market from the
$12.6 billion the industry made in 2009. The report states that the Pharma
market has the further potential to reach $70 billion by 2020 if aggressive
growth efforts are embraced.
Acknowledging
existing discontinuities in global pharmaceuticals markets, the report says it
is the BRIC countries, including India that will lead growth in the coming
decade.
Therefore, the
company foresees a good growth in the demand of Hard Gelatin Capsules Shell in
the Indian market.
The Indian
Capsules are competitive in International Market and their acceptability is
increasing. Even developed markets which are quite conservative in accepting
pharma products from developing countries are opening up, which is offering
them good opportunities in export market.
COMPANY OUTLOOK:
With the increase
of installed capacity and exports of the product of the company, the management
is optimistic about the future outlook of the company in short, medium and
long-term basis.
CONTINGENT LIABILITIES
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
(a) Claims against the company not acknowledged as debt: Demand for Octroi under disputes |
0.847 |
0.847 |
|
Income Tax and Wealth Tax (Paid under Protest 0.085 million Previous year 1.515 millions) |
0.085 |
1.515 |
|
(b) Customs duty on capital Goods imported under EPCG Scheme, against
which Export obligation is to be fulfilled. |
Nil |
6.033 |
|
(c) Customs duty on Raw Material imported under Advance License, against
which Export obligation is to be fulfilled. |
12.622 |
1.902 |
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2012
(Rs. in millions)
|
Sr. No. |
Particulars |
Quarter Ended |
|
30th June, 2012 |
||
|
Unaudited |
||
|
1 |
Income from Operations |
|
|
|
a) Net Sales/Income from Operations (Net of excise duty) |
102.934 |
|
|
b) Other Operating Income |
0.722 |
|
|
Total Income from operations (net) |
103.656 |
|
2 |
Expenses |
|
|
|
a) Cost of raw materials consumed |
35.029 |
|
|
b) Purchase of stock-in-trade |
-- |
|
|
c) Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(8.457) |
|
|
d) Employee benefits expense |
15.158 |
|
|
e) Power & Fuel |
13.468 |
|
|
f) Depreciation and amortisation expense |
8.345 |
|
|
g) Other Expenses |
32.148 |
|
|
Total Expenses |
95.691 |
|
3 |
Profit/(Loss) from Operations before other income finance cost and
Exceptional Items |
7.965 |
|
4 |
Other Income |
0.192 |
|
5 |
Profit/(Loss) from ordinary activities before finance cost and
exceptional Items |
8.157 |
|
6 |
Finance costs |
5.841 |
|
7 |
Profit/(Loss) from ordinary activities after finance costs but before
Exceptional Items |
2.316 |
|
8 |
Exceptional items |
-- |
|
9 |
Profit/(Loss) from ordinary activities before Tax |
2.316 |
|
10 |
Tax expenses (Net) |
(0.867) |
|
11 |
Net Profit/(Loss) from Ordinary activities after Tax |
1.449 |
|
12 |
Extraordinary Items (net of tax expenses) |
-- |
|
13 |
Net Profit/(Loss) for the period |
1.449 |
|
14 |
Paid-up equity share capital (face value : Rs.10/-) |
102.548 |
|
15 |
Reserves excluding revaluation reserves |
-- |
|
16 |
Earnings Per Share before and after extraordinary items (not
annualised) |
|
|
|
Basic |
0.14 |
|
|
Diluted |
0.14 |
|
|
|
|
|
|
Particulars of
Shareholding |
|
|
17 |
Public Shareholding |
|
|
|
No. of shares |
3171494 |
|
|
% of shareholding |
30.93 |
|
|
Promoters and
Promoter Group Shareholding |
|
|
a |
Pledged/Encumbered |
|
|
|
No. of shares |
-- |
|
|
% of shares (as a % of the total
shareholding of Promoter and Promoter Group) |
-- |
|
|
% of shares (as a % of the total share
capital of the Company) |
-- |
|
b |
Non-encumbered |
|
|
|
No. of shares |
7083256 |
|
|
% of shares (as a % of the total
shareholding of Promoter and Promoter Group) |
100.00 |
|
|
% of shares (as a % of the total share
capital of the Company) |
69.07 |
|
|
Investor
Complaints |
|
|
|
Pending at the beginning of the Quarter |
Nil |
|
|
Received during the quarter |
2 |
|
|
Disposed off during the Quarter |
2 |
|
|
Remaining unresolved at the end of the quarter |
Nil |
FIXED ASSETS:
Tangible Assets
·
Leasehold Land
·
Buildings
·
Plant and Equipment
·
Electric Installations
·
Furniture and Fixtures and Improvement on Rented
·
Office Equipment
·
Vehicles
·
Tools and Dies
·
Others Assets
Intangible Assets
·
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 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.54.53 |
|
|
1 |
Rs.83.60 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.