MIRA
INFORM REPORT
|
Report Date : |
22.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENALTEC LABS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
1706, 17th Floor, Kesar Solitaire, Plot No.5, Sector – 19, Sanpada,
Navi Mumbai 400705, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
24.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-160020 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.14.575 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U73100MH2006PTC160020 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUME06806C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCE5821H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and Trading in of Pharmaceuticals Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Listing : |
-- |
|
|
|
|
Banker’s Note : |
-- |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Scitech Limited’. It is an established
company having satisfactory track record. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A3+ (Short Term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing payment of
financial obligation. |
|
Date |
December 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
1706, 17th Floor, Kesar Solitaire, Plot No.5, Sector – 19,
Sanpada, Navi Mumbai 400705, Maharashtra, India |
|
Tel. No.: |
91-22-41707000 |
|
Fax No.: |
91-22-41707070 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. N-61, MIDC, Additional Ambernath, District Thane, Mumbai –
421506, |
|
|
|
|
Factory 2 : |
Gat No.204, Nashik-Mumbai Highway, Vadicarhe, Taluka Igatpuri,
District Nashik – 422403, Maharashtra, India
|
|
|
|
|
Research and Development Centre : |
W – 59 A, Additional Ambernath Industrial Area, Anand Nagar, Ambernath
(East), Mumbai – 421501, |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anand Prafulchandra Shah |
|
Designation : |
Managing Director |
|
Address : |
Flat 1204/1205/1206, Bldg 3, Odyssey Kesar, Harmony Plot 11/12, Sector - 6, Kharghar, Mumbai, 410 210, Maharashtra, India |
|
Date of Birth/Age : |
09.03.1973 |
|
Date of Appointment : |
11.11.2008 |
|
DIN No.: |
00597145 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230MH2004PTC146489 |
PHARMA
SERV SOLUTIONS PRIVATE LIMITED |
Director |
24/05/2004 |
24/05/2004 |
03/12/2009 |
Active |
NO |
|
2 |
U24230MH2005PTC153404 |
GETZ
PHARMA RESEARCH PRIVATE LIMITED |
Managing
director |
01/04/2011 |
18/05/2005 |
- |
Active |
NO |
|
3 |
U73100MH2006PTC160020 |
ENALTEC
LABS PRIVATE LIMITED |
Managing
director |
11/11/2008 |
11/05/2007 |
- |
Active |
NO |
|
4 |
U24233MH2007PTC171203 |
PHARMA
SERV VENTURES PRIVATE LIMITED |
Director |
29/05/2007 |
29/05/2007 |
10/05/2010 |
Active |
NO |
|
5 |
U24232MH2007PTC173479 |
GETZ
PHARMA PRIVATE LIMITED |
Director |
27/08/2007 |
27/08/2007 |
- |
Active |
NO |
|
Name : |
Mr. Susheel Koul |
|
Designation : |
Director |
|
Address : |
1601, Bloomingdale, 16th Floor, Hiranandani Estate, GB Road, Thane, 400607, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1965 |
|
Date of Appointment : |
11.11.2008 |
|
DIN No.: |
00925887 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230MH2004PTC146489 |
PHARMA
SERV SOLUTIONS PRIVATE LIMITED |
Director |
24/05/2004 |
24/05/2004 |
03/12/2009 |
Active |
NO |
|
2 |
U24230MH2005PTC153516 |
STANTECH
PHARMACEUTICALS PRIVATE LIMITED |
Director |
26/05/2005 |
26/05/2005 |
07/11/2009 |
Active |
NO |
|
3 |
U24233MH2007PTC171203 |
PHARMA
SERV VENTURES PRIVATE LIMITED |
Director |
07/11/2008 |
07/11/2008 |
10/05/2010 |
Active |
NO |
|
4 |
U73100MH2006PTC160020 |
ENALTEC
LABS PRIVATE LIMITED |
Director |
11/11/2008 |
11/11/2008 |
- |
Active |
NO |
|
5 |
U21098MH2012PTC230335 |
PRINTLINK
PLATES PRIVATE LIMITED |
Director |
27/04/2012 |
27/04/2012 |
- |
Active |
NO |
|
Name : |
Mr. Khalid Mahmood |
|
Designation : |
Director |
|
Address : |
3013, Sierramills LN, Sacramento, California – 95864, USA |
|
Date of Birth/Age : |
07.12.1952 |
|
Date of Appointment : |
14.11.2008 |
|
DIN No.: |
02385514 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U73100MH2006PTC160020 |
ENALTEC
LABS PRIVATE LIMITED |
Director |
14/11/2008 |
14/11/2008 |
Active |
NO |
|
2 |
U24230MH2005PTC153404 |
GETZ
PHARMA RESEARCH PRIVATE LIMITED |
Director |
14/11/2008 |
14/11/2008 |
Active |
NO |
|
3 |
U24232MH2007PTC173479 |
GETZ
PHARMA PRIVATE LIMITED |
Director |
30/09/2010 |
06/10/2009 |
Active |
NO |
|
Name : |
Mr. Prabir Purkayastha |
|
Designation : |
Director |
|
Address : |
F - 9, Greenwood City, Sector - 46, Gurgaon-122001, Haryana, India |
|
Date of Birth/Age : |
01.11.1949 |
|
Date of Appointment : |
15.03.2010 |
|
DIN No.: |
01126088 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1990PTC040900 |
SAGRIK
PROCESS ANALYSTS PRIVATE LIMITED |
Director |
30/03/1992 |
30/03/1992 |
- |
Active |
NO |
|
2 |
U72200DL1993PTC055269 |
STARTACUS
SOFTWARE PRIVATE LIMITED |
Director |
17/09/1993 |
17/09/1993 |
- |
Strike
off |
NO |
|
3 |
U93090UR2001GAP026206 |
ARTISANS
TECHNOLOGIES |
Director |
05/09/2001 |
05/09/2001 |
- |
Dormant |
NO |
|
4 |
U73100MH2006PTC160020 |
ENALTEC
LABS PRIVATE LIMITED |
Director |
30/09/2010 |
15/03/2010 |
- |
Active |
NO |
|
5 |
L74899HR1985PLC034348 |
KLG
SYSTEL LIMITED |
Director |
24/09/2011 |
17/01/2011 |
14/11/2012 |
Active |
NO |
|
Name : |
Mr. Charles Richard Hirschkind |
|
Designation : |
Director |
|
Address : |
California, California, 94708, United States of America |
|
Date of Birth/Age : |
07.10.1957 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
05116062 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U73100MH2006PTC160020 |
ENALTEC
LABS PRIVATE LIMITED |
Director |
29/09/2012 |
09/11/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Scitech Limited |
873112 |
|
Anand Prafulchandra Shah |
149676 |
|
Susheel Koul |
149676 |
|
Siva Kumar |
74836 |
|
TOTAL
|
1247300 |
|
Names of Preference Shareholders |
No. of Shares |
|
Medtech Limited |
210245 |
|
TOTAL
|
210245 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
70.00 |
|
Directors or relatives of Directors |
30.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading in of Pharmaceuticals Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Mauritius Limited, 101, Raheja
Centre, Free Journal Road, Nariman Point, Mumbai-400021, Maharashtra, India ·
Central Bank of India, 1st Floor,
Bajaj Bhavan, Nariman Point, Mumbai-400021, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shankarial Jain and Associates Chartered Accountant |
|
Address : |
12, Enginner Building, 265, Princess Street, Mumbai-400002,
Maharashtra, India |
|
Tel. No.: |
91-22-22036623 / 22065739 |
|
Fax No.: |
91-22-22086269 |
|
E-Mail : |
|
|
PAN No.: |
AACFS6967Q |
|
|
|
|
Holding Company : |
Scitech Limited |
|
|
|
|
Related Parties : |
·
Getz Pharma Research Private Limited ·
Getz Pharma Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000 |
Equity Shares |
Rs.10/- each |
Rs. 13.000 Millions |
|
210500 |
Preference Shares |
Rs.10/- each |
Rs. 2.105 Millions |
|
|
TOTAL |
|
Rs. 15.105
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1247300 |
Equity Shares |
Rs.10/- each |
Rs. 12.473
Millions |
|
210245 |
Preference Shares |
Rs.10/- each |
Rs. 2.102 Millions |
|
|
TOTAL |
|
Rs. 14.575 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 |
14.575 |
13.059 |
7.237 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
210.899 |
152.900 |
69.617 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
225.474 |
165.959 |
76.854 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
151.637 |
167.174 |
146.023 |
|
|
2] Unsecured Loans |
27.004 |
2.380 |
50.417 |
|
|
TOTAL BORROWING |
178.641 |
169.554 |
196.440 |
|
|
DEFERRED TAX LIABILITIES |
6.186 |
11.395 |
5.184 |
|
|
|
|
|
|
|
|
TOTAL |
410.301 |
346.908 |
278.478 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
288.044 |
277.573 |
231.691 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.820 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
133.727
|
128.873
|
47.896
|
|
|
Sundry Debtors |
191.444
|
159.849
|
118.014
|
|
|
Cash & Bank Balances |
14.951
|
9.720
|
24.217
|
|
|
Other Current Assets |
1.456
|
1.755
|
0.000
|
|
|
Loans & Advances |
49.082
|
53.640
|
69.475
|
|
Total
Current Assets |
390.660
|
353.837 |
259.602 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
168.578
|
196.706
|
186.627
|
|
|
Other Current Liabilities |
88.599
|
81.937
|
25.203
|
|
|
Provisions |
11.226
|
5.859
|
1.813
|
|
Total
Current Liabilities |
268.403
|
284.502 |
213.643 |
|
|
Net Current Assets |
122.257
|
69.335
|
45.959
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
410.301 |
346.908 |
278.478 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
676.067 |
|
392.987 |
|
|
|
Other Income |
3.936 |
5.730 |
|
|
|
|
TOTAL (A) |
680.003 |
621.674 |
392.987 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
259.583 |
327.122 |
|
|
|
|
Purchases of Stock In Trade |
118.226 |
96.922 |
|
|
|
|
Employee benefits expenses |
45.585 |
41.367 |
|
|
|
|
Other expenses |
163.553 |
128.279 |
|
|
|
|
Changes in inventories of finished goods work in progress and stock in
trade |
0.051 |
(35.961) |
|
|
|
|
TOTAL (B) |
586.998 |
557.729 |
388.769 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
93.005 |
63.945 |
[Including Financial |
|
|
|
|
|
|
Expenses |
|
|
Less |
FINANCIAL
EXPENSES (D) |
32.436 |
32.449 |
And |
|
|
|
|
|
|
Depreciation ] |
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.569 |
31.496 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.217 |
14.449 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
40.352 |
17.047 |
4.218 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.587 |
9.937 |
0.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
36.765 |
7.110 |
3.413 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
536.998 |
411.997 |
334.458 |
|
|
TOTAL EARNINGS |
536.998 |
411.997 |
334.458 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
117.608 |
136.434 |
68.547 |
|
|
TOTAL IMPORTS |
117.608 |
136.434 |
68.547 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.46 |
6.95 |
5.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.41
|
1.14 |
0.87
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.97
|
2.77 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.95
|
2.70 |
0.86
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.10 |
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.79
|
1.02 |
2.56
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.24 |
1.22
|
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 |
No |
|
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 |
||||||||||||||||||||
|
Long Term
Borrowings |
|
|
||||||||||||||||||||
|
Term Loans |
|
|
||||||||||||||||||||
|
From Banks Terms of Repayment:36 Equal Monthly installment commencing from
December 2010 and ending in December 2013 |
0.398 |
0.920 |
||||||||||||||||||||
|
Other loans and advances |
25.524 |
0.000 |
||||||||||||||||||||
|
Short Term
Borrowings |
|
|
||||||||||||||||||||
|
Loans repayable on demand |
|
|
||||||||||||||||||||
|
Terms of repayment: 12 equal monthly installment, commencing from
September 2011. Last installment due on August, 2012 |
1.082 |
1.460 |
||||||||||||||||||||
|
|
|
|
||||||||||||||||||||
|
TOTAL |
27.004 |
2.380 |
||||||||||||||||||||
|
NOTES Long Term
Borrowings
|
||||||||||||||||||||||
NOTE
The registered office address of the company has been shifted from
“1704-1706, 17th Floor, Kesar
Solitaire, Plot No. 5, Sector-19, Sanpada Navi Mumbai – 400705, Maharashtra,
India”
to present address w. e. f. 01.02.2011.
FORM 8
|
Corporate
identity number of the company |
U73100MH2006PTC160020 |
|
Name of the
company |
ENALTEC LABS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1706, 17th Floor,
Kesar Solitaire, Plot No. 5, Sector-19, Sanpada Navi Mumbai – 400705,
Maharashtra, India E-mail id : anand.shah@enalteclabs.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
State Bank of Mauritius Limited, 101, Raheja Centre, Free Journal Road, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Nature of instrument
creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
21.12.2012 |
|
Amount secured by
the charge |
Rs. 12.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest SBM Base Rate +
3.50% p.a. presently 14.50% p.a. SBM base rate is 11.0 % p.a. Terms of repayment Capital : in 10
quarterly installments of INR 1.25 million starting from 31 December, 2012 Interest : to be
serviced monthly Margin As per agreement Extent and operation of the charge First charge on
the movable machinery and equipment, both present and future, of the Company,
financed out of the Term Loan from the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
First charge on
the movable machinery and equipment, both present and future, of the Company,
financed out of the Term Loan from the Bank. |
FIXED ASSETS
·
Land
·
Factory Building
·
Leasehold
Improvements
·
Office Premises
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Patents
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.48 |
|
|
1 |
Rs. 82.71 |
|
Euro |
1 |
Rs. 72.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
48 |
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.