MIRA INFORM REPORT
|
Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE BAIDYANATH AYURVED BHAWAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1 Gupta Lane Kolkata – 700006, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.05.1947 |
|
|
|
|
Com. Reg. No.: |
015374 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233WB1947PTC015374 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AAECS5408D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS5408D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Ayurvedic Medicines and Cosmetic Products |
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|
|
|
No. of Employees
: |
1200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3903000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record.
The financial for the year 2012 is not available. As per the previous year’s the financial strength seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more!
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating crisil has suspended its
rating due to lack of information |
|
Date |
August 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.
INFORMATION DENIED
MANAGEMENT NON CORPORATIVE (91-33-40208888)
LOCATIONS
|
Registered Office : |
1, |
|
Tel. No.: |
91-33-22592625/ 40208888/ 40208899 |
|
Fax No.: |
91-33-22695705/ 40208855 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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|
Corporate Office : |
Great |
|
Location : |
Owned |
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|
Factory : |
Located At:
|
DIRECTORS
As on: 25.09.2012
|
Name : |
Mr. Ramesh Kumar Sharma |
|
Designation : |
Director |
|
Address : |
B 6/5, Local Shopping Centre, Safdurjung Enclave, New Delhi – 110029,
Delhi, India |
|
Date of Birth/ Age: |
14.10.1949 |
|
Date of Appointment : |
01.02.1974 |
|
DIN No. : |
00090943 |
|
|
|
|
Name : |
Mr. Sureshkumar Ramnarayan Sharma |
|
Designation : |
Managing director |
|
Address : |
300-A, Citnavis Marg, Civil Lines, |
|
Date of Birth/ Age: |
14.10.1949 |
|
Date of Appointment : |
01.04.1975 |
|
DIN No. : |
00124572 |
|
|
|
|
Name : |
Mr. Vishwanath Sharma |
|
Designation : |
Managing director |
|
Address : |
B – 65, Commercial Complex, Opposite |
|
Date of Birth/ Age: |
19.10.1939 |
|
Date of Appointment : |
19.10.1985 |
|
DIN No. : |
00239713 |
|
|
|
|
Name : |
Mr. Ram Awatar Sharma |
|
Designation : |
Director |
|
Address : |
15-B, Sarojini Marg, |
|
Date of Birth/ Age: |
10.03.1933 |
|
Date of Appointment : |
01.02.1974 |
|
DIN No. : |
00302798 |
|
|
|
|
Name : |
Mr. Pramod Sharma |
|
Designation : |
Director |
|
Address : |
Baidyanath House, |
|
Date of Birth/ Age: |
28.06.1954 |
|
Date of Appointment : |
20.04.1987 |
|
DIN No. : |
00340289 |
|
|
|
|
Name : |
Mr. Shivnath Ramnarayan Sharma |
|
Designation : |
Director |
|
Address : |
103-A, Kanika, Ramdaspeth, |
|
Date of Birth/ Age: |
17.05.1942 |
|
Date of Appointment : |
15.06.1963 |
|
DIN No. : |
00479613 |
|
|
|
|
Name : |
Mr. Anurag Sharma |
|
Designation : |
Director |
|
Address : |
B – 29, 1st Floor, |
|
Date of Appointment : |
01.01.2002 |
|
DIN No. : |
00771730 |
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|
|
|
Name : |
Mr. Rama Kant Sharma |
|
Designation : |
Managing director |
|
Address : |
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Date of Birth/ Age: |
24.09.1943 |
|
Date of Appointment : |
16.05.1979 |
|
DIN No. : |
00856875 |
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|
|
|
Name : |
Mr. Anand Sharma |
|
Designation : |
Director |
|
Address : |
80, Civil Lines, Jhansi, Uttar Pradesh, India |
|
Date of Appointment : |
13.12.2006 |
|
DIN No. : |
01100086 |
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|
|
|
Name : |
Mr. Arvind Sharma |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/ Age: |
27.05.1960 |
|
Date of Appointment : |
13.12.2006 |
|
DIN No. : |
01640418 |
KEY EXECUTIVES
|
Name : |
Mr. Naveen Taparia |
|
Designation : |
Secretary |
|
Date of Appointment : |
01.02.2010 |
|
PAN No. : |
ACVPT2019B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.09.2012
Shareholding Details File Attached
As on: 25.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.16 |
|
Directors or relatives of Directors |
99.84 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ayurvedic Medicines and Cosmetic Products |
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Products : |
· Single Herb Products · Multi Herb Products · Herbal Massage Oils · Herbal Liquids · Herbal Granules · Herbal Teas · Crude Herbs · Classical Ayurvedic Products
|
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Exports : |
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Products : |
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Countries : |
European Countries |
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Import: |
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Products : |
· Cosmetic Products |
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Countries : |
European Countries |
GENERAL INFORMATION
|
No. of Employees : |
1200 (Approximately) |
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Bankers : |
· Punjab National Bank, Civil Lines, Main Brach, Clive Road, Allahabad – 211001, Uttar Pradesh, India · Bank of Maharashtra, “Lokmangal” 1501, Shivajinagar, Pune – 411005, Maharashtra, India · HDFC Bank, HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India · Standard Chartered Bank, Netaji Subhas Road Branch, India · ICICI Bank · Bank of India |
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Facilities : |
NOTE: (A) A. SECURED
LOANS : BANKS : Secured against hypothecation and first charge on all Fixed
Assets and moveable assets being Finished and Semi Finished products, Raw
Materials and Stores, Book Debts, Plant and
Machinery both present and future of the Company and equitable
mortgage of Land and Building at
different Branches and operative Units of the Company and personal guarantee
of Director's concerned of the Branches, as detailed hereunder : i. H.D.F.C.
Bank Limited, Kolkata : (Overall sanctioned limit of Rs.20.000 Millions)
Demand Promissory Note executed in favour of the bank as signed by Shri. R.
K. Sharma, Director of the Company. Under Cash Credit Account (including
interest): ii. H.D.F.C. Bank Limited, Patna: (Overall sanctioned limit of
Rs.10.000 Millions) Demand Promissory Note executed in favour of the bank as
signed by Shri. Promod Sharma, Director and Shri Arun Sharma, President of
the Company. Under Cash Credit Account (including interest): iii. H.D.F.C.
Bank Limited, Jhansi: (Overall sanctioned limit of Rs.40.000 Millions)
Personal guarantee of Shri V. N. Sharma, Managing Director and Shri Ramesh
Kumar Sharma, Director of the Company. Under Cash Credit Account (including
interest): iv. From Bank of Maharashtra, Nagpur: (Overall sanctioned limit of
Rs.180.000 Millions) Personal guarantee of Shri S. K. Sharma, Joint Managing
Director and Shri S. N. Sharma, Director of the Company. Under Cash Credit Account
(including interest): v. From Punjab National Bank, Allahabad: (Overall
sanctioned limit of Rs.45.000 Millions) Personal guarantee of Shri R. A.
Sharma, Managing Director of the Company. (i) Naini: Under Cash Credit
Account (including interest): Under Plant and Machinery Term Loan: Under
Motor Vehicle Term Loan : (ii) Surajpur Unit : Under Building Construction
Term Loan : vi. From H.D.F.C. Bank, Patna (On terms of Hire
Purchase/Hypothecation with the Bank Secured against ECS payment through bank
account. (Amount of total installment Rs. 1,17,46,974/-) Under Motor Vehicle
Term Loan : |
|
Banking
Relations : |
-- |
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Auditors : |
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|
Name 1 : |
Lodha and Company Chartered Accountants |
|
Address : |
14, |
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PAN No. : |
AABFL1894Q |
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|
Name 2 : |
Thakur Vaidyanath Aiyar and Company Chartered Accountants |
|
Address : |
Abdin House, |
|
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|
|
PAN No.: |
AAAFT3096M |
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Related Parties : |
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CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 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 |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
972.778 |
881.522 |
783.838 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
975.778 |
884.522 |
786.838 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
262.910 |
190.507 |
206.051 |
|
|
2] Unsecured Loans |
267.267 |
208.801 |
124.829 |
|
|
TOTAL BORROWING |
530.177 |
399.308 |
330.880 |
|
|
DEFERRED TAX LIABILITIES |
4.302 |
4.377 |
13.110 |
|
|
|
|
|
|
|
|
TOTAL |
1510.257 |
1288.207 |
1130.828 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
222.066 |
196.691 |
190.652 |
|
|
Capital work-in-progress |
11.177 |
8.747 |
11.201 |
|
|
|
|
|
|
|
|
INVESTMENT |
42.990 |
32.676 |
93.430 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1263.316
|
1071.974 |
771.344 |
|
|
Sundry Debtors |
422.142
|
413.854 |
366.536 |
|
|
Cash & Bank Balances |
79.586
|
83.755 |
101.608 |
|
|
Other Current Assets |
4.281
|
4.018 |
0.000 |
|
|
Loans & Advances |
441.898
|
397.928 |
357.087 |
|
Total
Current Assets |
2211.223
|
1971.529 |
1596.575 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
412.204
|
416.052 |
93.293 |
|
|
Other Current Liabilities |
230.068
|
214.842 |
415.324 |
|
|
Provisions |
334.927
|
290.542 |
252.413 |
|
Total
Current Liabilities |
977.199
|
921.436 |
761.030 |
|
|
Net Current Assets |
1234.024
|
1050.093 |
835.545 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1510.257 |
1288.207 |
1130.828 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3239.500 |
2933.700 |
2578.900 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
234.307 |
207.511 |
184.965 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.147 |
37.961 |
27.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
184.160 |
169.550 |
157.814 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
35.185 |
30.024 |
28.954 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
148.975 |
139.526 |
128.860 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
49.243 |
39.736 |
49.732 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
99.732 |
99.790 |
79.128 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.406 |
0.221 |
0.198 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
97.500 |
97.500 |
77.000 |
|
|
|
Dividend @ 60% |
1.800 |
1.800 |
1.800 |
|
|
|
Tax on Dividend |
0.295 |
0.305 |
0.305 |
|
|
BALANCE CARRIED
TO THE B/S |
0.543 |
0.406 |
0.221 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
332.44 |
332.63 |
263.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.60
|
4.75 |
4.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.74
|
7.07 |
8.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.16 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.54
|
0.45 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26
|
2.14 |
2.10 |
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 |
Yes |
|
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 |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
UNSECURED LOAN:
|
|
31.03.2011 [Rs.
in Millions] |
31.03.2010 [Rs.
in Millions] |
|
Loan from directors |
143.484 |
40.173 |
|
Fixed deposits |
20.262 (A) |
22.055 |
|
Deposits related parties |
79.898 (B) |
62.446 (C) |
|
Other debt |
23.623 (D) |
84.127 (F)s |
|
|
|
|
|
Total |
267.267 |
208.801 |
NOTE:
(A) It represents Agency
and other Deposits (Partly interest bearing)
(B) It represents
loan From Shareholders (Interest Bearing)
(C) It represents
loan From Shareholders (Interest Bearing)
(D) It represents
loan From Limited Companies (Interest Bearing)
(E) It represents loan
From Limited Companies (Interest Bearing)
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10422805 |
25/04/2013 |
1,800,000.00 |
PUNJAB NATIONAL BANK |
Retail Asset Branch, Sangam Place, Clive
Road, Civil Lines, Allahabad, Uttar Pradesh - 211001, India |
B74082603 |
|
2 |
10369735 |
23/07/2012 |
14,500,000.00 |
PUNJAB NATIONAL BANK |
Civil Lines Branch, Sangam Place, Clive
Road, Civil Lines,, Allahabad, Uttar Pradesh - 211001, India |
B45389822 |
|
3 |
10302974 |
21/07/2011 |
1,100,000.00 |
Punjab National Bank |
Retail Asset Branch,, Civil Lines, Allahabad,
Uttar Pradesh - 211001, India |
B19098532 |
|
4 |
10301524 |
21/07/2011 |
1,200,000.00 |
Punjab National Bank |
Retail Asset Branch,, Civil Lines,
Allahabad, Uttar Pradesh - 211001, India |
B18548651 |
|
5 |
10301935 |
21/07/2011 |
2,040,000.00 |
Punjab National Bank |
Retail Asset Branch,, Civil Lines,
Allahabad, Uttar Pradesh - 211001, India |
B18636845 |
|
6 |
10280516 |
28/02/2011 |
1,500,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel
W, Mumbai, Maharashtra - 400013, India |
B10655603 |
|
7 |
10276944 |
09/02/2011 |
3,500,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower
Parel W, Mumbai, Maharashtra - 400013, India |
B09582610 |
|
8 |
10276932 |
08/02/2011 |
3,500,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower
Parel W, Mumbai, Maharashtra - 400013, India |
B09581273 |
|
9 |
10260210 |
22/12/2010 |
2,500,000.00 |
Punjab National Bank |
Retail Asset Branch, Sangam Place, Clive
Road, Civil Lines, Allahabad, Uttar Pradesh - 211001, India |
B03129558 |
|
10 |
10226233 |
01/06/2010 |
2,490,000.00 |
Punjab National Bank |
Retail Asset Branch, Sangam Place, Clive
Road, Civil Lines, Allahabad, Uttar Pradesh - 211001, India |
A88063698 |
|
11 |
10191398 |
02/12/2009 |
1,500,000.00 |
PUNJAB NATIONAL BANK |
Civil Lines, Main Branch, Clive Road,
Allahabad, Uttar Pradesh - 211001, India |
A75633313 |
|
12 |
10191399 |
02/12/2009 |
1,700,000.00 |
PUNJAB NATIONAL BANK |
Civil Lines, Main Branch, Clive Road,
Allahabad, Uttar Pradesh - 211001, India |
A75633347 |
|
13 |
80044628 |
18/07/2005 |
6,950,000.00 |
PUNJAB NATIONAL BANK |
Civil Lines, Allahabad, Uttar Pradesh - 211001,
India |
- |
|
14 |
90252339 |
21/02/2013 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower
Parel W, Mumbai, Maharashtra - 400013, India |
B73041576 |
|
15 |
90252258 |
28/08/2006 * |
20,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower
Parel W , Mumbai, Maharashtra - 400013, India |
A05282363 |
|
16 |
90252240 |
10/02/2004 |
10,000,000.00 |
HDFC BANK LTD |
Central Plaza Branch, 2/6 Sarat Bose Road,
Kolkata, West Bengal - 700020, India |
- |
|
17 |
80044323 |
12/09/2012 * |
70,000,000.00 |
PUNJAB NATIONAL BANK |
Civil Lines Branch, Sangam Place,, Clive
Road, Civil Lines,, Allahabad, Uttar Pradesh - 211001, India |
B58814849 |
|
18 |
90249474 |
28/06/2011 * |
340,000,000.00 |
BANK OF MAHARASHTRA |
Lokmangal,, 1501, Shivaji Nagar,, Pune,
Maharashtra - 411005, India |
B74064064 |
* Date of charge modification
FUTURE OUTLOOK:
Although a number of
restrictive market factor continue to impede growth, the fundamentals
underlying the Ayurvedic Medicines industry are positive and will prevail. Your
Company continues to invest in projects and at tapping the long term potential
of market. The company expects to achieve all-round operational efficiencies in
the year ahead with continued focus on the specific needs of the customers.
Increase thrust on exports is likely to result in higher level of exports
during the year.
FIXED ASSETS:
- Land
(Freehold)
- Buildings
- Buildings on
- Buildings on
Rented Land
- Tin Shed,
(Including on Lease hold and
- Road
Construction
- Gas,
Electric, Water Fitting and Sanitary Installation
- Furniture and
Fittings, Laboratory
- Propoganda,
Rack and Wooden Tubs, Weighting Machine and Other Equipments
- R. O. Plant
- Plant and
Machinery
- Vehicles
- Library Books
- Live Stock
- Dalmia
Resort International Sterling
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 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.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
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 |
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 |
|
45 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.