MIRA
INFORM REPORT
|
Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DHANUKA LABORATORIES LIMITED (w.e.f 23.03.2004) |
|
|
|
|
Formerly Known
As : |
DHANUKA LABORATORIES PRIVATE LIMITED QUANTUM POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
861-862, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
24.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-052285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100DL1993PLC052285 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELD04043E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD2877R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Marketing of Active Pharmaceutical Ingredients and
Advanced Intermediates in the field of Cephalosporin Antibiotics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 960000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. The external borrowing seems
to be huge. However, trade relations are reported to be 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- (Fund Based Facilities) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
October 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/ Head/ Corporate Office : |
861-862, |
|
Tel. No.: |
91-11-30511500 (30 Lines)/ 23518981/ 23518982/ 85/ 23518983/ 23519461-63/
23518925/ 27534112/ 23518981/ 2/ 3 |
|
Fax No.: |
91-11-23516750/ 23518981/ 124-3838888 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Commercial |
|
|
|
|
Factory/ Warehouse : |
7th KM, Old Manesar Road, Village, Mohammedpur, Gurgaon –
122001, Haryana, India |
|
Tel. No.: |
91-124-2371884/ 2372715/ 2373845/ 6 |
|
Fax No.: |
91-124-2371931 |
|
Area : |
3000 sq. meters |
|
Location: |
Owned Industrial |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Mr. Manish Dhanuka |
|
Designation : |
Managing Director |
|
Address : |
4/31-B, |
|
Date of Birth/Age : |
28.09.1967 |
|
Qualification : |
M. Tech |
|
Date of Appointment : |
30.12.1994 |
|
PAN No.: |
AAEPD0075G |
|
DIN No.: |
00238798 |
|
|
|
|
Name : |
Mr. Arun Kumar Dhanuka |
|
Designation : |
Director |
|
Address : |
4/31-B, |
|
Date of Birth/Age : |
14.05.1957 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
24.02.1993 |
|
PAN No.: |
AAFPD3685B |
|
DIN No.: |
00627425 |
|
|
|
|
Name : |
Mrs. Seema Dhanuka |
|
Designation : |
Director |
|
Address : |
4/31-B, |
|
Date of Birth/Age : |
26.05.1969 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
21.09.1996 |
|
PAN No.: |
AAEPD0576A |
|
DIN No.: |
00455088 |
|
|
|
|
Name : |
Mr. Mahendra Kumar Dhanuka |
|
Designation : |
Director |
|
Address : |
95-B, E-2, Lane, Eastern Avenue, Sainik Farms, |
|
Date of Birth/Age : |
14.12.1954 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
02.03.1999 |
|
DIN No.: |
00628039 |
|
|
|
|
Name : |
Mr. Rahul Kumar Dhanuka |
|
Designation : |
Director |
|
Address : |
95-A, E-2, Lane, Eastern Avenue, Sainik Farms, |
|
Date of Birth/Age : |
04.04.1975 |
|
Qualification : |
MBA |
|
Date of Appointment : |
02.03.1999 |
|
DIN No.: |
00150140 |
|
|
|
|
Name : |
Mr. Mridul Dhanuka |
|
Designation : |
Director |
|
Address : |
95-B, E-2, Lane, Eastern Avenue, Sainik Farms, |
|
Date of Birth/Age : |
20.10.1980 |
|
Qualification : |
B Tech, MBA |
|
Date of Appointment : |
06.10.2005 |
|
DIN No.: |
00199441 |
|
|
|
|
Name : |
Mr. Arjun Dhanuka |
|
Designation : |
Director |
|
Address : |
4/31-B, |
|
Date of Birth/Age : |
10.03.1988 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
18.08.2008 |
|
PAN No.: |
AJLPD6285C |
|
DIN No.: |
00454689 |
|
|
|
|
Name : |
Mrs. Urmila Dhanuka |
|
Designation : |
Director |
|
Address : |
95-A, E-2, Lane, Eastern Avenue, Sainik Farms, |
|
Date of Birth/Age : |
15.08.1951 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.10.2001 |
|
PAN No.: |
AAAPD1027E |
|
DIN No.: |
01252045 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Shareholders |
No. of Shares |
|
Arun Kumar
Dhanuka |
43750 |
|
Manish Dhanuka |
15640 |
|
Mamta Dhanuka |
49190 |
|
Seema Dhanuka |
3700 |
|
Arun Kumar
Dhanuka (HUF) |
1000 |
|
Duke Impex
Private Limited, |
9850 |
|
Growth
Advertising and Marketing Private Limited , |
9750 |
|
Cosmo Components
Private Limited , |
10200 |
|
Late Gobind Lal
Dhanuka (HUF) |
10000 |
|
Liberty Sales
Private Limited, |
12250 |
|
Pushpa Dhanuka |
57510 |
|
Manish Dhanuka
(HUF) |
3850 |
|
Exclusive Leasing
and Finance Limited, |
10200 |
|
Hindon Mercantile
Limited, |
20300 |
|
Mridul Dhanuka |
1000 |
|
Reema Khowala |
1000 |
|
Rahul Dhanuka |
23100 |
|
Ram Gopal Agarwal |
14250 |
|
Mahendra Kumar
Dhanuka |
17250 |
|
Zoom Leasing and
Finance Company Limited, |
24800 |
|
Megha Chripal |
1700 |
|
Vimal Shorewala |
10 |
|
Sikkim Agro
Industrial Limited, |
13500 |
|
Harsh Dhanuka |
15000 |
|
Uma Dhanuka |
33500 |
|
Versha Dhanuka |
1100 |
|
M.K. Dhanuka
(HUF) |
4400 |
|
R.G. Aggarwal
(HUF) |
12000 |
|
Rahul Dhanuka
(HUF) |
2000 |
|
Golden Overseas
Private Limited , India |
22200 |
|
Mridul Dhanuka
(HUF) |
10000 |
|
Urmila Dhanuka |
15000 |
|
Arjun Dhanuka |
20000 |
|
Harsh Dhanuka (HUF) |
10000 |
|
TOTAL
|
499000 |
AS ON 27.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
26.66 |
|
Directors or relatives of Directors |
73.34 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Marketing of Active Pharmaceutical Ingredients and
Advanced Intermediates in the field of Cephalosporin Antibiotics. |
||||
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||||
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual Production |
|
Bulk Drugs and Intermediates |
Kgs. |
157778 |
|
Others |
Kgs. |
154580 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
HDFC Bank
Limited, HDFC bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India ·
Indusind
Bank Limited, 2401, Gen Thimmayya Road, Contonment, Pune-411001, Maharashtra,
India |
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Facilities : |
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Goyal Malhotra
and Associates Chartered
Accountants |
|
Address : |
307, |
|
Tel. No.: |
91-120-2510511/ 2514317/ 4261900 |
|
Fax No.: |
91-120-2514317 |
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E-Mail : |
|
|
PAN No.: |
AAKFA1724D |
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|
|
|
Related Parties : |
Dhanuka Agritech Limited CIN No.:- L24219DL1985PLC020126 Growth
Advertising And Marketing Private Limited CIN No.:-
U74899DL1987PTC029586 Liberty Sales
Private Limited CIN No.:-
U74899DL1984PTC018862 Duke Impex
Private Limited CIN No.:-
U74899DL1990PTC040509 Cosmo Components
Private Limited CIN No.:-
U74899DL1984PTC029568 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499000 |
Equity Shares |
Rs.100/-
each |
Rs. 49.900
Millions |
|
|
|
|
|
AS ON 27.09.2012
Authorised Capital : Rs. 80.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 79.900 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 |
49.900 |
49.900 |
49.900 |
|
|
2] Share Application Money |
0.00 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
190.901 |
169.764 |
148.800 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
240.801 |
219.664 |
198.700 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
655.163 |
300.045 |
245.049 |
|
|
2] Unsecured Loans |
332.455 |
240.155 |
177.401 |
|
|
TOTAL BORROWING |
987.618 |
540.200 |
422.450 |
|
|
DEFERRED TAX LIABILITIES |
48.728 |
44.515 |
41.751 |
|
|
|
|
|
|
|
|
TOTAL |
1277.147 |
804.379 |
662.901 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
447.574 |
349.988 |
292.829 |
|
|
Capital work-in-progress |
1.493 |
0.696 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
101.500 |
101.500 |
101.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
249.345
|
247.671
|
176.178
|
|
|
Sundry Debtors |
759.591
|
421.194
|
363.849
|
|
|
Cash & Bank Balances |
264.634
|
54.638
|
34.145
|
|
|
Other Current Assets |
53.760
|
42.333
|
0.000
|
|
|
Loans & Advances |
58.109
|
58.364
|
59.548
|
|
Total
Current Assets |
1385.439
|
824.200 |
633.720 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
613.092
|
437.114
|
338.782
|
|
|
Other Current Liabilities |
33.385
|
23.965
|
11.477
|
|
|
Provisions |
12.382
|
10.926
|
14.889
|
|
Total
Current Liabilities |
658.859
|
472.005 |
365.148 |
|
|
Net Current Assets |
726.580
|
352.195
|
268.572
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1277.147 |
804.379 |
662.901 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2041.544 |
1605.091 |
1528.832 |
|
|
|
Other Income |
0.000 |
0.000 |
19.593 |
|
|
|
TOTAL (A) |
2041.544 |
1605.091 |
1548.425 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1640.141 |
|
1420.700 |
|
|
|
Employee benefit expense |
57.351 |
46.442 |
|
|
|
|
Other expenses |
227.399 |
174.278 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(4.392) |
(53.075) |
|
|
|
|
TOTAL (B) |
1920.499 |
1507.644 |
1420.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
121.045 |
97.447 |
127.725 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
69.980 |
49.879 |
46.759 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.065 |
47.568 |
80.966 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.246 |
17.500 |
16.417 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
31.819 |
30.068 |
64.549 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.683 |
9.104 |
22.894 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
21.136 |
20.964 |
41.655 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
44.408 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
86.063 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
814.048 |
282.754 |
336.881 |
|
|
|
Export Technical Service |
9.151 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
823.199 |
282.754 |
336.881 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
791.463 |
704.092 |
537.376 |
|
|
|
Components |
0.000 |
0.267 |
0.049 |
|
|
|
Capital Goods |
2.447 |
1.033 |
1.117 |
|
|
|
Interest Paid For Fixed Assets |
1.438 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
795.348 |
705.392 |
538.542 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.36 |
42.01 |
94.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.04
|
1.31 |
2.69
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.56
|
1.87 |
4.22
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.74
|
2.56 |
6.97
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.14 |
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.10
|
2.46 |
2.13
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
1.75 |
1.74
|
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 |
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) |
Yes |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans and Advances From Related Parties |
27.305 |
29.355 |
|
Loans and Advances From Others |
305.150 |
210.800 |
|
|
|
|
|
TOTAL |
332.455 |
240.155 |
OPERATIONS
The Company has been
able to surpass the target and achieved a Gross Turnover of Rs.2189.577
Millions. During this period, the Company has exported goods worth Rs.861.388
Millions. The Net Profit during this period was Rs.21.137 Millions after
providing for Interest, Income Tax and Depreciation. The provision for Income
Tax amounting to Rs.6.484 Millions has been made. A provision of Rs.4.214
Millions for deferred tax liability has also been made.
The Company
continues to be strong in third and fourth generation cephalosporin Active
Pharmaceutical Ingredients and its intermediates. The Company continues to
enjoy the patronization of topmost and prestigious Pharma Companies in the
country due to its consistency and good quality. The Company continues to
achieve a significant market share in Cephalosporin production in the country.
The financial year 2011-2012 was very turbulent with respect to the
Cephalosporin industry due to creation of large capacities in India. However,
it is important to note that despite the stiff competition, the Company
continues to grow in all the products and maintain its strong presence in the
segment. It is expected that the industry will consolidate in near future and
the margins will increase, which will lead to better bottom line.
FUTURE PROSPECTS
The Company is
further putting efforts in R and D to develop two new products, one of which,
Cefditoren Pivoxil would be launched during the current Financial Year. The
Company was able to successfully commercialize production of GCTA which was
supplied to Otsuka Chemical, Japan. This product will have significant sales in
current year and it will result in significant growth in revenues and profit.
The Company is focusing on increasing exports to reduce the risk of foreign
currency fluctuations and to increase profitability. These measures are
expected to yield better results in the current financial year and in future.
FORM 8
|
Corporate
identity number of the company |
U24100DL1993PLC052285 |
|
Name of the
company |
DHANUKA LABORATORIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
861-862, |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10054143 |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Indusind Bank
Limited, 2401, Gen Thimmayya Road, Contonment, Pune-411001, Maharashtra,
India |
|
Nature of instrument
creating charge |
Memorandum of
Equitable Mortgage By Deposit of Title Deeds By Way of Constructive Delivery. |
|
Date of
instrument Creating the charge |
01.06.2012 |
|
Amount secured by
the charge |
Rs. 95.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest As Per
Bank Norms. Terms of repayment Payable On
Demand. Margin Margin As Per
Bank Norms. Extent and operation of the charge Pari Passu
Charge. |
|
Short particulars
of the property charged (Including location of the property) |
First Pari Passu
Charge on Current Assets Including Stocks And Book Debts And Second Pari
Passu Charge on Fixed Assets Residual Value Rs. 83.800 Millions As on
31-3-2006 and Factory Land Measuring 3 Kanals 4 Marlas Situated At Village
Mohammedpur, Gurgaon Equitable
Mortgage On Pari Passu Basis of H. No. 4/31-B, Civil Lines, Rajpur Road,
Delhi In The Name of Smt. Pushpa Dhanuka, Shri Arun Kumar Dhanuka and Shri
Manish Dhanuka. |
|
Date of
instrument modifying the charge |
26.08.2011 |
|
Particulars of
the present modification |
WCF Of Rs. 95.000
Millions Already Secured By First Pari Passu Charge Over Current Assets and 2nd
Pari Passu Charge Over Movable Fixed Assets of The Company Shall Now Adlly Be
Secured By Second Pari Passu Charge Over Co's Immovable Property Situated At
Revenue Estate of Village Mohammadpur Jharsa, District Gurgaon (H) Together
With All Buildings and Structures Thereon or To Be Thereon and All
P/Machinery Installed Therein or To Be Installed Therein |
FIXED ASSETS
·
Air
conditioner
·
Building
·
Cellular
Phone
·
Computer
·
Electric
Equipments
·
Fire
Fighting
·
Furniture
and Fixture
·
Laboratories
Equipments
·
Land
·
Office
Equipment
·
Plant
and machinery
·
Steel
Structure
·
Vehicles
·
Commercial
Vehicles
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 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 governmen 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. 54.32 |
|
|
1 |
Rs. 83.17 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.