|
Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL HEALTH CARE LIMITED |
|
|
|
|
Registered
Office : |
D.No.: 40-9-60, Kohinoor Apartments, Kalanagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.11.2009 |
|
|
|
|
Com. Reg. No.: |
01-066011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100AP2009PLC066011 |
|
|
|
|
IEC No.: |
0909022534 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDI03000E |
|
|
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TIN No.: |
28756362464 |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCI1908A |
|
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Poultry, Veterinary and
Aquaculture Health Care Specialties – Many Brand Names and they are |
|
|
|
|
No. of Employees
: |
190 (Approximately) (In Office 40, In Factory 150) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 201288 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Reserves of the company seems to be low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous month,
even while indicating the fifth successive monthly contraction, according the
HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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.
INFORMATIONDECLINED BY
|
Name : |
Mr. Mayank |
|
Designation : |
CEO |
|
Contact No.: |
91-09930781334 |
|
Date : |
04.12.2013 |
LOCATIONS
|
Registered Office : |
D.No.: 40-9-60, Kohinoor Apartments, Kalanagar, Benz Circle, Vijayawada
– 520010, Andhra Pradesh, India |
|
Tel. No.: |
91-866-2497449/2476577 |
|
Mobile No.: |
91-9848185004 (Mr. Dr. Seshaiah V Pamulapati) |
|
Fax No.: |
91-866-2470127 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
54-3-14/A, Opposite: Telephone Exchange, Autonagar, Vijayawada, Andhra
Pradesh, India |
|
Tel. No.: |
91-866-2543566 |
|
Fax No.: |
91-866-2470127 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
Kohinoor Apts., Kalanagar, Benz Circle, Vijayawada - 520 010, Andhra Pradesh, India. |
|
Tel. No. : |
91-866-2497449 / 2476577 |
|
|
|
|
Overseas
Marketing Office: |
No. 6, Tharwani Complex, Sector7, Kharghar, Navi Mumbai - 410210, Maharastra, India. |
Distribution Network
We have distribution network in Bangladesh,
Vietnam, South Korea, Nepal, Egypt, UAE, Taiwan,Ghana, Germany, Kenya, Turkey, Nigeria, Netherlands etc
DIRECTORS
|
Name : |
Dr. Seshaiah Venkata Pamulapati |
|
Designation : |
Chairman and Managing Director |
|
Address : |
D.No.60-28-4, Sai Sadan, Gayatri Nagar, Vijaywada – 520010, Andhra
Pradesh, India |
|
Date of Birth/Age : |
15.01.1965 |
|
Qualification : |
M.V.Sc (Pharmacology and Toxicology) |
|
DIN No.: |
01132067 |
|
|
|
|
Name : |
Smt. Pamulapati Vijaya Lakshmi |
|
Designation : |
Director |
|
Address : |
D.No.60-28-4, Sai Sadan, Gayatri Nagar, Vijaywada – 520010, Andhra
Pradesh, India |
|
Date of Birth/Age : |
20.08.1965 |
|
Qualification : |
Graduate |
|
DIN No.: |
01641814 |
|
|
|
|
Name : |
Mr. Mandadi Konda Swamy |
|
Designation : |
Director |
|
Address : |
D.No.14-11-10, Atchutaramaiah Street, Vijayawada – 3, Andhra Pradesh,
India |
|
Date of Birth/Age : |
26.05.1958 |
|
Qualification : |
Graduate |
|
DIN No.: |
02447808 |
|
|
|
|
Name : |
Smt. Pulivarthi Malathi |
|
Designation : |
Director |
|
Address : |
54-16-10/4, Srinagar colony, Vijayawada – 8, Andhra Pradesh, India |
|
Date of Birth/Age : |
08.08.1950 |
|
Qualification : |
Under Graduate |
|
DIN No.: |
02782699 |
|
|
|
|
Name : |
Smt. Pamulapati Anusha |
|
Designation : |
Director |
|
Address : |
D No. 60-28-4, Sai Sadan, Gayatri Nagar, Vijayawada – 8, Andhra
Pradesh, India |
|
Date of Birth/Age : |
20.05.1992 |
|
Qualification : |
Under Graduate |
|
Date of Appointment : |
23.08.2012 |
|
DIN No.: |
06362602 |
|
|
|
|
Name : |
Mrs. Sujata Mandadi |
|
Designation : |
Director |
|
Address : |
14-11-10 Achutha Ramaiah’s, Hanuman Peta, Vijayawada-520003, Andhra
Pradesh, India |
|
DIN No.: |
02782680 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
|
|
|
P.V.Seshaiah |
200000 |
|
P.Vijaya Lakshmi |
200000 |
|
Mandadi Sujatha |
20000 |
|
Pulivarthi.Malathi |
20000 |
|
Mandadi Venkateswarllu |
20000 |
|
P.Naga Manindra Rao |
20000 |
|
M.Konda Swamy |
20000 |
|
|
|
|
TOTAL
|
500000 |
AS ON 30.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of Poultry, Veterinary and
Aquaculture Health Care Specialties – Many Brand Names and they are |
|
|
|
|
Products : |
·
Peezyme Fs ·
Feed Supplement ·
Multi Enzyme Feed supplement ·
Promix Fs ·
Concentrated Probiotic Feed Supplement ·
Micro Con ·
Beneficial Microbial Concentration Alternative ·
Antibiotics ·
Attract Feed Attractant and Performance Booster ·
Stress O Lyte ·
Electrolytes ·
Immunex Poultry ·
Herbal Immuniser and Stress Reliever H Power ·
Growth Promoter ·
Immuno Modulator ·
Blood Purifier ·
Anti Microbial and Digestant ·
Phoscare 2500 ·
Phytase Enzyme ·
Egg Inn For More and Better Eggs |
|
|
|
|
Exports : |
|
|
Products : |
Animal Health Care Products |
|
Countries : |
·
Bangladesh ·
Vietnam ·
South Korea ·
Nepal ·
Egypt ·
UAE ·
Taiwan ·
Ghana ·
Germany ·
Kenya ·
Turkey ·
Nigeria ·
Netherlands |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials of Veterinary Pharmaceuticals |
|
Countries : |
·
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (30 Days, 60 Days) |
|
|
|
|
Purchasing : |
L/C, Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Geo Trans India Private Limited ·
Global Pharma,Chennai ·
International Biologicals ·
Jigger Corporation,Bhiwandi,Dist Pune ·
Lokesh Enterprises,Delhi ·
Pharma Care ·
Precious Fab-Cast Private Limited, Ahmedabad ·
PREMIER DRUG HOUSE ·
RVR Associates ·
Accord Pharma ·
Sai Teja Engineering,Hyderabd ·
Sterile Specialities India Private Limited ·
Bajani Automobiles |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
·
United Aquaculture ·
Pragathi Agencies ·
Balajee Marketing ·
Devi Pharma Distributors ·
Devalaya Medicals ·
Sai Sudha Medicals ·
Thirumala Pharmacy ·
Sri Mallikarjuna Medical & Surgical Agencies ·
Aditya Medicals ·
Sai Laxmi Medical Agencies ·
Aditya Medicals ·
Sai Laxmi Medical Agencies ·
Sainadh Medical Agencies ·
Sateesh Medicals |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
190 (Approximately) (In Office 40, In Factory 150) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Indian Overseas Bank, Ring Road Branch, Near Benz
Circle, Vijayawada-520008, Andhra Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Note 1)Loans from Banks re secured by Hypoyhecation of Raw-Materials,Stock
in Prosess Finished Goods, Consumables, Stores, Spares, Packing material and
Export Bils with Document of title to Goods(EBP/EBD) 2) Movable and Immovable Property and Assets of the Company with First
Charge of the Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nagesh and Company Chartered Accountant |
|
Address : |
Flat No. 301, Venkat Meadows, RR Garden, Patamata, Vijayawada, Andhra Pradesh,
India |
|
Tel. No.: |
91-99481-99500 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,00,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,00,000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.000 |
5.000 |
|
(b) Reserves & Surplus |
|
0.581 |
0.213 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
18.384 |
7.146 |
|
Total
Shareholders’ Funds (1) + (2) |
|
23.965 |
12.359 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.118 |
23.786 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
22.118 |
23.786 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
3.285 |
8.613 |
|
(c) Other current
liabilities |
|
0.100 |
0.000 |
|
(d) Short-term provisions |
|
0.854 |
0.505 |
|
Total Current Liabilities (4) |
|
4.239 |
9.118 |
|
|
|
|
|
|
TOTAL |
|
50.322 |
45.263 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
21.436 |
23.042 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
21.436 |
23.042 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
1.275 |
0.755 |
|
(b) Inventories |
|
16.859 |
8.656 |
|
(c) Trade receivables |
|
7.264 |
12.154 |
|
(d) Cash and cash
equivalents |
|
0.635 |
0.467 |
|
(e) Short-term loans and advances |
|
0.725 |
0.189 |
|
(f) Other current assets |
|
2.128 |
0.000 |
|
Total Current Assets |
|
28.886 |
22.221 |
|
|
|
|
|
|
TOTAL |
|
50.322 |
45.263 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
31.330 |
24.528 |
|
|
|
Other Income |
|
0.125 |
0.110 |
|
|
|
TOTAL (A) |
|
31.455 |
24.638 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-Trade |
|
21.507 |
18.300 |
|
|
|
Changes in inventories of finished goods, work-inprogress and Stock-in-Trade |
|
(8.203) |
(8.656) |
|
|
|
Employee benefit expense(Staff Welfare) |
|
0.064 |
0.039 |
|
|
|
Other expenses |
|
10.847 |
8.898 |
|
|
|
TOTAL (B) |
|
24.215 |
18.581 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
7.240 |
6.057 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
3.223 |
2.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
4.017 |
3.938 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.286 |
3.726 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
0.731 |
0.212 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
0.363 |
-- |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
0.368 |
0.212 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
1.16 |
0.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
2.33 |
0.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.45 |
0.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.43 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
6.81 |
2.43 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
FIXED ASSETS
·
Factory Buildings
·
Lab Equipment
·
Plant & Machinery
·
Furniture & Fittings
·
Electrical Installations
·
Computers
·
Office Equipment’s
·
Safety Equipment’s
·
Vehicles
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24100AP2009PLC066011 |
|
Name of the
company |
INTERNATIONAL HEALTH CARE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D.No.: 40-9-60, Kohinoor Apartments, Kalanagar, Benz Circle,
Vijayawada – 520010, Andhra Pradesh, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Indian Overseas Bank, Ring Road Branch, Near Benz Circle,
Vijayawada-520008, Andhra Pradesh, India Email - vjringbr@vijsco.iobnet.co.in |
|
Nature of
instrument creating charge |
F111(A),
Confirmation Letters |
|
Date of
instrument Creating the charge |
15.05.2013 |
|
Amount secured by
the charge |
Rs. 15.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Corporate
Guarantee to PVS ANIMAL HEALTH: Base Rate+3.75% i.e.
Presently at 14.25% on CC Terms of
Repayment Corporate
Guarantee to PVS ANIMAL HEALTH: Cash credit will
be repayable on demand and can be renewed at the option of bank after expiry
of 12 months from the date of sanction. Margin Corporate
Guarantee to PVS ANIMAL HEALTH: 25% for Stock and
50% for Book Debts not more than 90 days - CC - Rs. 1500.000 Millions Extent and
Operation of the charge Corporate
Guarantee to PVS ANIMAL HEALTH: EM of Residual
Value of 455.55SQ. Yards site and bldg. In R.S. No. 483, D.No. 54-10-12,
Phase-111, Jawahar Autonagar, Vijayawada, standing in the name of M/s.
International Healthcare Ltd - Rs. 776.900 Millions Others --- |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
EM of Residual
Value of 455.55SQ. Yards site and bldg. In R.S. No. 483, D.No. 54-10-12,
Phase-111, Jawahar Autonagar, Vijayawada, standing in the name of M/s.
International Healthcare Ltd - Rs. 776.900 millions |
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. 62.00 |
|
|
1 |
Rs.102.16 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.