MIRA INFORM REPORT
|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUDOS CHEMIE LIMITED (w.e.f.08.01.1998) |
|
|
|
|
Formerly Known
As : |
KUDOS CHEM LIMITED |
|
|
|
|
Registered
Office : |
Village Kuranwala, Barwala Road, Tehsil Derabassi, Patiala - 140507,
Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.09.1988 |
|
|
|
|
Com. Reg. No.: |
16-008663 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 167.055 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231PB1988PLC008663 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK6650K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Miscellaneous Chemicals. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The external borrowing appears to be huge. However, financial performance 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 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 |
ICRA |
|
Rating |
Non Fund Based Rating: BB+ |
|
Rating Explanation |
Having moderate risk of default regarding timely
servicing of financial obligation. |
|
Date |
April 2013 |
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-172-2606341]
LOCATIONS
|
Registered Office / Factory : |
Village Kuranwala, Barwala Road, Tehsil Derabassi, Patiala - 140507,
Punjab, India |
|
Tel. No.: |
91-1762-280136/ 320423 |
|
Fax No.: |
91-1762-280336 |
|
E-Mail : |
|
|
|
|
|
Administrative Office : |
622, Sector 33-B, |
|
Tel. No.: |
91-1662-2145687 |
|
Fax No.: |
91-172-2603251 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jitendra Singh |
|
Designation : |
Managing Director |
|
Address : |
H. No. 1620, Sector 18-D, Chandigarh, India |
|
Date of Birth/Age : |
12.08.1962 |
|
Qualifications: |
B. Tech |
|
Experience : |
24 Years |
|
Date of Appointment : |
09.069.1988 |
|
PAN No.: |
ACJPS6832K |
|
DIN No.: |
00196892 |
|
|
|
|
Name : |
Mrs. Gurmeet Sodhi |
|
Designation : |
Managing Director |
|
Address : |
H. No. 1620, Sector 18-D, Chandigarh, India |
|
Date of Birth/Age : |
01.06.1967 |
|
Qualifications: |
B.A. |
|
Experience : |
22 Years |
|
Date of Appointment : |
15.01.1990 |
|
PAN No.: |
ACLPS0597B |
|
DIN No.: |
00196940 |
|
|
|
|
Name : |
Mr. Subramaniam Pancharatnam |
|
Designation : |
Whole time Director |
|
Address : |
Sankalp Apartment, No. 5, Udyog Nagar, Chinchwad, Pune, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1945 |
|
|
M Tech |
|
Date of Appointment : |
13.07.1989 |
|
PAN No.: |
ADLPS5598R |
|
DIN No.: |
00892095 |
|
Qualifications: |
|
|
Name : |
Mr. Ajay Kumar Arora |
|
Designation : |
Director |
|
Address : |
186, Advocate Society, Sector 49A, Chandigarh-160047, |
|
Date of Birth/Age : |
27.07.1960 |
|
Qualifications: |
ACS, LLB |
|
Date of Appointment : |
01.06.2007 |
|
DIN No.: |
00314161 |
|
|
|
|
Name : |
Mr. Brij Bhushan Goel |
|
Designation : |
Director |
|
Address : |
# 337, Sector, 16 Ward No. 10, Panchkula – 134204, Haryana, India |
|
Date of Birth/Age : |
05.08.1947 |
|
Qualifications: |
PHd |
|
Date of Appointment : |
26.04.2010 |
|
DIN No.: |
00475655 |
KEY EXECUTIVES
|
Name : |
Mrs. Suruchi Chhabra |
|
Designation : |
Secretary |
|
Address : |
II No. 1414, Sector 34C, Chandigarh, India |
|
Date of Birth/Age : |
17.02.1980 |
|
Date of Appointment : |
01.05.2012 |
|
PAN No.: |
AHHPC8210E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jitendra Singh |
|
7846344 |
|
Subramaniam Pancharatnam |
|
100 |
|
Harbhjan Knur |
|
12600 |
|
Gurnmeet Sodhi |
|
5383131 |
|
Kabir Sodhi |
|
904582 |
|
Bhupinder Singh |
|
100 |
|
Tejinder Kaur |
|
100 |
|
Kirat Sodhi |
|
904582 |
|
Darshan Singh |
|
16500 |
|
Udos Agrohols Limited, India |
|
1475466 |
|
Kudos Holding Private Limited, India |
|
21739 |
|
Rajiv Kumar Varma and Sangeeta Varma |
|
140217 |
|
|
|
|
|
Total |
|
16705461 |
AS ON 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
8.96 |
|
Directors or relatives of Directors |
91.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Miscellaneous Chemicals. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, Large Corporate Branch, Sector – 17
– B, Chandigarh – 160017, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Kumar Chhabra and Company Chartered Accountants |
|
Address : |
# 1081, Sector 27-B, Chandigarh, India |
|
PAN No.: |
ADMPC3289L |
|
|
|
|
Associates : |
· Kudos Agrohols Limited (CIN: U15520PB2005PLC028443) · Kudos Holdings Private Limited (CIN: U74992CH2011PTC033018) |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16705461 |
Equity Shares |
Rs.10/- each |
Rs. 167.055 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
167.055 |
159.391 |
|
(b) Reserves & Surplus |
|
2547.050 |
1623.151 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
2.601 |
38.827 |
|
Total Shareholders’
Funds (1) + (2) |
|
2716.706 |
1821.369 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3854.549 |
2157.793 |
|
(b) Deferred tax liabilities (Net) |
|
549.323 |
349.124 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
49.613 |
36.298 |
|
Total
Non-current Liabilities (3) |
|
4453.485 |
2543.215 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
6244.820 |
4178.338 |
|
(b)
Trade payables |
|
506.019 |
575.609 |
|
(c)
Other current liabilities |
|
722.357 |
524.132 |
|
(d)
Short-term provisions |
|
124.698 |
131.329 |
|
Total
Current Liabilities (4) |
|
7597.894 |
5409.408 |
|
|
|
|
|
|
TOTAL |
|
14768.085 |
9773.992 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
4801.872 |
2910.279 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
986.174 |
706.997 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
294.500 |
373.376 |
|
(e)
Other Non-current assets |
|
6.257 |
4.255 |
|
Total
Non-Current Assets |
|
6088.803 |
3994.907 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
22.198 |
2.189 |
|
(b)
Inventories |
|
5166.648 |
3486.859 |
|
(c)
Trade receivables |
|
1929.178 |
1446.401 |
|
(d)
Cash and cash equivalents |
|
333.385 |
159.951 |
|
(e)
Short-term loans and advances |
|
1180.529 |
650.131 |
|
(f)
Other current assets |
|
47.344 |
33.554 |
|
Total
Current Assets |
|
8679.282 |
5779.085 |
|
|
|
|
|
|
TOTAL |
|
14768.085 |
9773.992 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
150.000 |
|
|
2] Share Application Money |
|
|
123.017 |
|
|
3] Reserves & Surplus |
|
|
1171.950 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1444.967 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3849.633 |
|
|
2] Unsecured Loans |
|
|
766.106 |
|
|
TOTAL BORROWING |
|
|
4615.739 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6060.706 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2061.160 |
|
|
Capital work-in-progress |
|
|
729.614 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.900 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1585.437 |
|
|
Sundry Debtors |
|
|
1289.020 |
|
|
Cash & Bank Balances |
|
|
277.488 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
846.215 |
|
Total
Current Assets |
|
|
3998.160 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
519.087 |
|
|
Other Current Liabilities |
|
|
11.813 |
|
|
Provisions |
|
|
201.419 |
|
Total
Current Liabilities |
|
|
732.319 |
|
|
Net Current Assets |
|
|
3265.841 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.191 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6060.706 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
7824.421 |
5436.284 |
3627.336 |
|
|
|
Other Income |
15.844 |
7.171 |
6.167 |
|
|
|
TOTAL (A) |
7840.265 |
5443.455 |
3633.503 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
5978.502 |
4291.866 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(1095.576) |
(898.503) |
|
|
|
|
Employee benefit expense |
181.992 |
139.907 |
|
|
|
|
Other expenses |
521.440 |
348.952 |
|
|
|
|
TOTAL (B) |
5586.358 |
3882.222 |
2513.034 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2253.907 |
1561.233 |
1120.469 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1155.735 |
771.807 |
360.773 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1098.172 |
789.426 |
759.696 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
158.225 |
113.738 |
86.788 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
939.947 |
675.688 |
672.908 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
351.202 |
229.712 |
255.434 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
588.745 |
445.976 |
417.474 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5455.287 |
4616.530 |
2073.972 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4040.462 |
4049.483 |
263.542 |
|
|
|
Capital Goods |
36.972 |
51.586 |
0.000 |
|
|
TOTAL IMPORTS |
4077.434 |
4101.069 |
263.542 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.54 |
29.73 |
27.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.51
|
8.19 |
11.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.01
|
12.43 |
18.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.82
|
7.45 |
11.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.37 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.72
|
3.48 |
3.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.07 |
5.46 |
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) |
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] |
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 LOANS
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Other loans and advances |
186.757 |
215.131 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.000 |
49.491 |
|
Total |
186.757 |
264.622 |
EXPANSION
PROGRAMME:
The Company commissioned a Multipurpose Purine plant in 2011-12 and will
continue to focus on its expansion plans for growing revenues and profitability
and reducing its cost of production. The Company has plans to expand its
intermediate basket by manufacturing products that have synergies with Purines
and all those API s (Valacyclovir and Tenofovir) produced from these
Purines.
OPERATIONS:
Kudos performance during the year has been impressive on all grounds
with the net turnover of the company increasing to Rs. 7840.300 Millions from
Rs. 5443.500 Millions last year, with an overall representing growth of 44%.
During the profit after tax of the Company is Rs. 588.700 Millions, which has
increased by 32% due to growth in turnover and operational efficiencies.
NATURE OF
OPERATIONS
Kudos Chemie Limited (hereinafter referred to as Kudos or the Company),
born out of the growing market demand for high quality Xanthenes, is one of the
fastest growing companies in India. Kudos has proven track record and
established capabilities in manufacturing, technological up gradation, research
and development and project execution. Kudos is India’s largest producer of
Synthetic Caffeine and is amongst the top five companies globally
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24231PB1988PLC008663 |
|
Name of the
company |
KUDOS CHEMIE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Village Kuranwala, Barwala Road, Tehsil Derabassi, Patiala-140507,
Punjab, India |
|
This form is for |
Creation
of Charge |
|
Type of charge |
Immovable Property Book Debts Movable Property Fixed Assets |
|
CIN: |
U24231PB1988PLC008663 |
|
Particular of
charge holder |
Punjab National Bank, Large Corporate Branch, Sector – 17 –
B, Chandigarh – 160017, India |
|
Nature of
instrument creating charge |
FOBP/FOUBP/FOBD
Adhoc limit of Rs.200.000 Millions Hypothecation of
Current Assets First Charge
Hypothecation- Hypothecation of Moveable Assets Forming Part of Fixed/Block
Assets Second Charge
Hypothecation-Hypothecation of Moveable Assets Forming Part of Fixed/Block
Assets |
|
Date of
instrument Creating the charge |
10.01.2013 |
|
Amount secured by
the charge |
Rs. 200.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest/
Commission: As per Bank/ RBI/ FEDAI/ bank rules and subject to charge at the
sole discretion of the bank. Terms of Repayment Repayable on
demand Others Interest/
Commission: As per Bank/ RBI/ FEDAI/ bank rules and subject to charge at the
sole discretion of the bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Raw mat, stocks in
process and transit, fin. goods, packing material, stocks and spares and all
other items reqd. for manufacturing medicines, drugs in factory and items
stored in Godown.1st charge for WC and 2nd for TL. Book Debts
outstanding, decrees, money receivables, Govt. subsidies, claims, bill
contracts and investments. 1st charge for WC and 2nd for TL. Bills accompanied
with transport receipt/GRs/bill of lading/airway bill evidencing dispatch of
material by the supplier, bill of exchange duly accepted by the party. 1st
charge for WC and 2nd for TL. Factory land and
building and others IP's measuring 393.11125 acres in the name of Company
situated at Village Kuranwala, Saidpura, Gulabgarh, Madhopur, Derabassi,
Punjab.1st charge for TLs and 2nd for WC. Hypothecation of
all moveable assets forming part of fixed/block assets present and future of
the Company. 1st charge for TLs and 2nd charge for WC limits. |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
· Office equipment
· Computer equipments
· Other equipments
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. 65.42 |
|
|
1 |
Rs. 102.10 |
|
Euro |
1 |
Rs. 87.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.