|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
NITIKA PHARMACEUTICAL SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
26, Pankaj Prabha, Dharam Peth, Nagpur – 440010, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
12.03.2011 |
|
|
|
|
Com. Reg. No.: |
11-214662 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2011PTC214662 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Raw Materials for Pharmaceutical
Products. |
|
|
|
|
No. of Employees
: |
Above 100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1991 with the name “Nikita
Chemicals” and got converted in the year 2011. However, the company has not filed its financial as a private Limited
with the government. As claimed by Mr. Raju Panda manager the company has
achieved a sizable turnover during the current financial year (2012-13) but
the financials are not verified. Trade relations are reported as fair.
Business is active. Payments terms are unknown. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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 PARTED BY
|
Name : |
Mr. Raju Panda |
|
Designation : |
Manager |
|
Contact No.: |
91-712-2641001 |
|
Date : |
20.07.2013 |
LOCATIONS
|
Registered Office : |
26, Pankaj Prabha, Dharam Peth, Nagpur – 440010,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
85, Wanjra Layout, Pilli Nadi Industrial Area, Kamptee
Road, Nagpur – 440026, |
|
Tel. No.: |
91-712-2641001/ 2634935/ 6952858/ 2021024 |
|
Fax No.: |
91-712-2648241 |
|
E-Mail : |
DIRECTORS
As on: 10.03.2011
|
Name : |
Mr. Mangesh Eknath Bhad |
|
Designation : |
Additional Director |
|
Address : |
180 - Ba, Malipura, Purwabhag, Kurum, Murtijapur, Akola - 444107,
Maharashtra, India |
|
Date of Birth/Age : |
01.07.1972 |
|
Date of Appointment : |
24.08.2012 |
|
DIN No.: |
06363255 |
|
|
|
|
Name : |
Mr. Ravleen Singh Khurana |
|
Designation : |
Director |
|
Address : |
19, Pankaj Prabha, Dharampeth Nagpur – 440010, Maharashtra, India |
|
Date of Birth/Age : |
09.02.1971 |
|
DIN No.: |
02822852 |
|
|
|
|
Name : |
Mr. Inderjeet Kaur Khurana |
|
Designation : |
Director |
|
Address : |
19, Pankaj Prabha, Dharampeth Nagpur – 440010, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1972 |
|
DIN No.: |
02837144 |
KEY EXECUTIVES
|
Name : |
Mr. Raju Panda |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
As on: 10.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ravleen Singh Khurana |
|
5000 |
|
Inderjeet Kaur Khurana |
|
5000 |
|
Total |
|
10000 |
As on: 20.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Ravleen Singh Khurana |
|
995000 |
|
Inderjeet Kaur Khurana |
|
995000 |
|
Total |
|
1990000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Raw Materials for
Pharmaceutical Products. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Europe ·
America ·
Bangladesh ·
Nepal ·
Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
Above 100 (Approximately) |
|
|
|
|
Bankers : |
Bank of India, BOI Building, S V Patel Road, Nagpur – 440001,
Maharashtra, India Tel No.: 91-712-2540944 |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Datar and Bhasin Chartered Accountants |
|
Address : |
Nagpur, Maharashtra, India |
CAPITAL STRUCTURE
As on: 20.03.2012
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 |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
|
|
|
|
|
The above information has been parted by Mr. Raju Panda.
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one year |
Yes |
|
12] |
Profitability for last three years |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24230MH2011PTC214662 |
|
Name of the
company |
NITIKA
PHARMACEUTICAL SPECIALITIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
26, Pankaj
Prabha, Dharam Peth, Nagpur – 440010, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Floating charge |
|
Particular of
charge holder |
Bank of India,
Nagpur Main Branch, BOI Building, S. V. Patel Road, Nagpur - 440001,
Maharashtra, India |
|
Nature of
instrument creating charge |
Hypothecation cum
loan agreement. |
|
Date of
instrument Creating the charge |
28.03.2012 |
|
Amount secured by
the charge |
Rs.60.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest CC: 4% Above Base
Rate, Present Effective Being 14.75% P. A. Terms of Repayment Repayable on
demand. Margin Raw Material,
Finished Goods: 25%, Stores: 25%, Goods In
Progress: 25%, Book-Debts: 40%, Extent and Operation of the charge The charge
operates as a security on the assets of the company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All stock of raw
matrial viz aluminium sulphate, barium chloride, stearic acid and other
stock, drugs, pharmaceuticals product, finished/ semi-finished goods, viz.
Sterates, antacids, magnesium...... Hydroxide etc.
lying at the premises in transit or sitaured eleswhere. |
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.59.80 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.