MIRA
INFORM REPORT
|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASTRA LIFECARE (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.57/P, Sarkhej-Bavla Highway, Village Rajoda, Taluka Bavla, District
Ahmedabad – 382 220, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.02.2004 |
|
|
|
|
Com. Reg. No.: |
04-043597 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.175.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ2004PTC043597 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA6553D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Product. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1336000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. 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
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
July, 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Hitesh |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-79-40321661 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.57/P, Sarkhej-Bavla Highway, Village Rajoda, Taluka Bavla,
District Ahmedabad – 382 220, Gujarat, India |
|
Tel. No.: |
91-2714-231131 |
|
Fax No.: |
91-2714-231132 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
1103/1104, Safal Prelude, Opposite Prahalad Nagar Garden,
Corporate Road, |
|
Tel. No.: |
91-79-40321661 |
|
Fax No.: |
91-79-40321660 |
DIRECTORS
AS ON 17.08.2012
|
Name : |
Mr. Azizali Akbarali Bhaidani |
|
Designation : |
Managing Director |
|
Address : |
46, Parkland Society, Opposite Zarf Dairy, Juhapura, Sarkhej Road,
Vejalpur, Ahmedabad – 380 055, Gujarat, India |
|
Date of Birth/Age : |
07.04.1969 |
|
Date of Appointment : |
11.02.2004 |
|
DIN No.: |
00375094 |
|
PAN No.: |
AHGPB5329Q |
|
|
|
|
Name : |
Mr. Ahmedali Akbarali Bhaidani |
|
Designation : |
Director |
|
Address : |
B-501, Green Park, Usha Darshan Co-operative Housing Society, Off New
Link Road, Andheri (West), Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1965 |
|
Date of Appointment : |
25.11.2004 |
|
DIN No.: |
00375032 |
|
|
|
|
Name : |
Mr. Shabbir Sherali Kassam |
|
Designation : |
Director |
|
Address : |
4, Rose Close, Harrow Weale, Harrow, Middlesex HA36SR, United Kingdom |
|
Date of Birth/Age : |
30.08.1957 |
|
Date of Appointment : |
11.02.2004 |
|
DIN No.: |
00565499 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shabbir Kassam |
|
987950 |
|
Fatima Kassam |
|
4000 |
|
Azizali Akbarali Bhaidani |
|
13623850 |
|
Semina Akbarali Bhaidani |
|
4100 |
|
M. Kassam |
|
1769550 |
|
Ahmedali Akbarali Bhaidani |
|
1110550 |
|
Total |
|
17500000 |
AS ON 28.02.2013
|
Names of Allottee |
|
No. of Shares |
|
Azizali Akbarali Bhaidani |
|
700000 |
|
Total |
|
700000 |
AS ON 24.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Mumtaz Kassam |
|
754660 |
|
M. Kassam Property Management – Through its Proprietor Mumtaz Kassam |
|
249985 |
|
Total |
|
1004645 |
AS ON 17.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Product. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Tanzania ·
Uganda |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit and Depend |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Tablet (Pcs
in Lacs) |
Capsules (Pcs
in Lacs) |
|
Licensed Capacity (Double Shift Basis) |
18000 |
6000 |
|
Installed Capacity # (Per Annum) |
18000 |
6000 |
|
Actual Production |
12068 |
2527 |
Note: # as per Management Certificate
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
800 (Approximately) |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Ashram Road Branch, Ashram Road,
Ahmedabad – 380 009, Gujarat, India ·
Axis Bank Limited, "Trishul", 3rd
Floor, Opposite Samartheshwar Temple, Law Garden, Ellisbridge, Ahmedabad –
380 006, Gujarat, India ·
State Bank of India, Overseas Branch, B/H Gujarat
Vidyapith, Navjeevan Post Office, Ashram Road, Ahmedabad – 380 014, Gujarat,
India |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Facilities : |
Notes: Long Term
Borrowings 1. Term loan
from Bank of Baroda (Secured against Wind Mills of the company). The term
loan is repayable in 78 equal monthly installments starting from August 2011 and
ending on March 2018 - Rs.95.525 millions 2. Term Loan
from Bank of Baroda (Secured against equitable mortgage of movable and
immovable property of company) - Term loan is for expansion project repayable
in 60 equal monthly installments starting from October 2011 ending on
September, 2017 - Rs.150.461 millions 3. Term Loan
from Bank of Baroda (Secured against equitable mortgage of movable and
immovable property of company) - Term loan is repayable in 41 equal monthly
installments starting from August 2009 and ending on April 2014 - Rs.0.145
million 4. Term Loan
from ICICI Bank (Secured against hypothecation of vehicle) - Repayable in 36
equal monthly installments ending on March 2015 - Rs.2.918 millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.J. Shah and Brothers Chartered Accountants |
|
Address : |
'A' Block, 5th
Floor, A-1 and A-2, Safal Profitaire, Opposite Hotel Ramada, Ahmedabad – 380
015, Gujarat, India |
|
Tel. No.: |
91-79-66614694-66614695 |
|
E-Mail : |
|
|
PAN No.: |
ACVPS6967P |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
·
Healthlife Exim (India) Private Limited, India
(CIN No.: U51397MH2004PTC146477) ·
Landmark Developers Private Limited, India (CIN
No.: U45200MH2005PTC157922) ·
Astra Pharma (U) Limited, Uganda ·
Astra Pharma (T) Limited, United Republic of
Tanzania ·
Rahsil Plastics Private Limited, India (CIN No.:
U25209GJ2006PTC048997) |
CAPITAL STRUCTURE
AFTER 17.08.2012
Authorised Capital : Rs.250.000 millions
Issued, Subscribed & Paid-up Capital : Rs.214.246
millions
AS ON 17.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
17500000 |
Equity Shares |
Rs.10/- each |
Rs.175.000
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 |
|
175.000 |
150.000 |
|
(b) Reserves & Surplus |
|
158.974 |
92.452 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
333.974 |
242.452 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
252.769 |
260.963 |
|
(b) Deferred tax liabilities (Net) |
|
15.521 |
8.586 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
2.814 |
0.877 |
|
Total Non-current
Liabilities (3) |
|
271.104 |
270.426 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
478.034 |
216.464 |
|
(b)
Trade payables |
|
289.379 |
238.977 |
|
(c)
Other current liabilities |
|
106.033 |
70.457 |
|
(d) Short-term
provisions |
|
1.368 |
1.950 |
|
Total Current
Liabilities (4) |
|
874.814 |
527.848 |
|
|
|
|
|
|
TOTAL |
|
1479.892 |
1040.726 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
590.774 |
248.465 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
121.187 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.111 |
1.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.323 |
144.006 |
|
(e) Other
Non-current assets |
|
2.591 |
3.193 |
|
Total Non-Current
Assets |
|
598.799 |
517.851 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
198.539 |
154.494 |
|
(c)
Trade receivables |
|
546.737 |
295.486 |
|
(d) Cash
and cash equivalents |
|
50.281 |
26.737 |
|
(e)
Short-term loans and advances |
|
10.787 |
4.115 |
|
(f)
Other current assets |
|
74.749 |
42.043 |
|
Total
Current Assets |
|
881.093 |
522.875 |
|
|
|
|
|
|
TOTAL |
|
1479.892 |
1040.726 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
75.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
27.388 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
102.388 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
217.357 |
|
|
2] Unsecured Loans |
|
|
49.780 |
|
|
TOTAL BORROWING |
|
|
267.137 |
|
|
DEFERRED TAX LIABILITIES |
|
|
7.466 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
376.991 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
149.779 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
135.418 |
|
|
Sundry Debtors |
|
|
243.895 |
|
|
Cash & Bank Balances |
|
|
6.297 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
53.550 |
|
Total
Current Assets |
|
|
439.160 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
207.377 |
|
|
Other Current Liabilities |
|
|
1.678 |
|
|
Provisions |
|
|
3.160 |
|
Total
Current Liabilities |
|
|
212.215 |
|
|
Net Current Assets |
|
|
226.945 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.267 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
376.991 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
1097.749 |
655.408 |
451.623 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1097.749 |
655.408 |
451.623 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
605.749 |
421.993 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1014.521 |
605.749 |
421.993 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
83.228 |
49.659 |
29.630 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.413 |
12.347 |
11.203 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
56.815 |
37.312 |
18.427 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.792 |
1.841 |
(0.649) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
49.023 |
35.471 |
19.076 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1068.836 |
649.511 |
410.985 |
|
|
TOTAL EARNINGS |
1068.836 |
649.511 |
410.985 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Import |
NA |
NA |
45.835 |
|
|
TOTAL IMPORTS |
NA |
NA |
45.835 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.80 |
2.36 |
3.11 |
|
%20PRIVATE%20LIMITED%20-%20229515%2025-Jul-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20229515%2025-Jul-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.47 |
5.41
|
4.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.84 |
4.06
|
3.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.15
|
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.19 |
1.97
|
2.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
0.99
|
2.07 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current
maturities of long-term debt:
|
Particulars |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
31.03.2010 (Rs.
in millions) |
|
Current maturities of long-term debt |
63.881 |
38.794 |
NA |
|
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 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 |
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
3.720 |
44.134 |
|
Total
|
3.720 |
44.134 |
Note:
The Registered office of the company has been shifted from A/12, Minita Apartment, Near Swati Society, St. Xavier’s School Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India to the present address w.e.f. 08.04.2004.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10359114 |
07/06/2012 |
50,000,000.00 |
Bank of Baroda |
Ashram Road
Branch, Ashram Road, Ahmedabad, Gujarat – 380 009, India |
B40988107 |
|
2 |
10289817 |
19/05/2011 |
30,000,000.00 |
Bank of Baroda |
Ashram Road
Branch, Ashram Road, Ahmedabad, Gujarat – 380 009, India |
B14139505 |
|
3 |
10227573 |
07/07/2010 |
25,000,000.00 |
Bank of Baroda |
Ashram Road Branch,
Ashram Road, Ahmedabad, Gujarat – 380 009, India |
A89220503 |
|
4 |
10197380 |
27/02/2013 * |
1,138,300,000.00 |
Bank of Baroda |
Ashram Road
Branch, Ashram Road, Ahmedabad, Gujarat – 380 009, India |
B69697134 |
|
5 |
10180260 |
27/02/2013 * |
1,138,300,000.00 |
Bank of Baroda |
Ashram Road
Branch, Ashram Road, Ahmedabad, Gujarat – 380 009, India |
B69697811 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Staff Bus
·
Computer
·
Motor Car
·
Motor Cycle
·
·
Plant and Machinery
·
Electric Installation
·
Furniture and Fixtures
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.59.45 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.