MIRA INFORM REPORT
|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMI LIFESCIENCES PRIVATE LIMITED (w.e.f. 13.06.2006) |
|
|
|
|
Formerly Known
As : |
SUN SCOPE LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Prestige Plaza, 40 Urmi Scoiety, Near Urmi Char
Rasta, Vadodara-390020, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.03.1994 |
|
|
|
|
Com. Reg. No.: |
04-021470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 68.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1994PTC021470 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 770000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
company has weak liquidity position, moderately leveraged capital structure
and also it is susceptible to raw material price and foreign exchange
fluctuations. However, trade relations are reported as fair. Business is active.
Payments are reported to slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB+ (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
March 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A4+ (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
March 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.
LOCATIONS
|
Registered Office : |
2nd Floor, Prestige Plaza, 40 Urmi Scoiety, Near Urmi Char
Rasta, Vadodara-390020, Gujarat, India
|
|
Tel. No.: |
91-265-2323046 / 3052103 |
|
Fax No.: |
91-265-2313523 / 3052104 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
440/5, Road No.82, GIDC Sachin, Surat-394230, Gujarat, India |
|
|
|
|
Factory 2 : |
6915, GIDC, Behind Lakya Laboratory, Near Mukta Chowkdi, Ankleshwar,
Gujarat, India |
|
|
|
|
Factory 3 : |
Plot No. 82/B, ECP Channel Road, At and PO. Karakhadi, District
Baroda-391450, Gujarat, India |
|
|
|
|
Overseas Office : |
Located At
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Maheshbhai Dhirubhai Kumbhani |
|
Designation : |
Whole Time Director |
|
Address : |
B/22, Oum
Society, Behind Mother School, Gotri Vasna Link Road, Baroda- 390015,
Gujarat, India |
|
Date of Birth/Age : |
01.03.1975 |
|
Date of Appointment : |
21.04.2009 |
|
DIN No.: |
00803956 |
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 |
U24110GJ1994PTC021470 |
AMI
LIFESCIENCES PRIVATE LIMITED |
Whole-time
director |
01/01/2011 |
24/12/2002 |
Active |
NO |
|
Name : |
Mr. Nareshbhai Ramjibhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
26, Sai Baba Nagar
Society, Near Fair Station, Katar Gam, Surat- 390 004, Gujarat, India |
|
Date of Birth/Age : |
20.09.1974 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00906232 |
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 |
U24110GJ1994PTC021470 |
AMI
LIFESCIENCES PRIVATE LIMITED |
Whole-time
director |
01-01-11 |
02-03-07 |
- |
Active |
NO |
|
2 |
U24100GJ2007PTC051093 |
AMI
ORGANICS PRIVATE LIMITED |
Whole-time
director |
01-04-09 |
12-06-07 |
- |
Active |
NO |
|
3 |
U24119GJ2009PTC056031 |
CNR
INTERMEDIATES PRIVATE LIMITED |
Director |
02-02-09 |
02-02-09 |
11-06-11 |
Active |
NO |
|
4 |
U10101GJ2013PTC074537 |
CHAMUNDA
STONE AND MARBLE PRIVATE LIMITED |
Director |
17-04-13 |
17-04-13 |
- |
Active |
NO |
|
Name : |
Mr. Girishbhai Limbabhai Chovatia |
|
Designation : |
Managing Director |
|
Address : |
A-56, Samarpan
Society, Behind Raneshvar Temple, Vasna Road, Vadodara-390015, Gujarat, India
|
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
24.12.2002 |
|
DIN No.: |
00907321 |
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 |
U24231GJ1991PTC014846 |
AURUM
AGROCHEM PRIVATE LIMITED |
Director |
01-05-00 |
01-05-00 |
Active |
NO |
|
2 |
U24110GJ1994PTC021470 |
AMI
LIFESCIENCES PRIVATE LIMITED |
Managing
director |
01-01-11 |
24-12-02 |
Active |
NO |
|
3 |
U24231GJ2003PTC041913 |
AMI DRUGS
AND SPECIALITY CHEMICALS PRIVATE LIMITED |
Director |
28-01-03 |
28-01-03 |
Active |
NO |
|
4 |
U24100GJ2007PTC051093 |
AMI
ORGANICS PRIVATE LIMITED |
Whole-time
director |
01-04-09 |
12-06-07 |
Active |
NO |
|
5 |
U24200GJ2011PTC063805 |
AMI BIO
TECH PRIVATE LIMITED |
Director |
27-01-11 |
27-01-11 |
Active |
NO |
|
Name : |
Ms. Shivani Rudreshkumar Trivedi |
|
Designation : |
Director |
|
Address : |
C-406 Nisarg
Housing Complex, Near Vaccine, Institute, Behind J P Police Station, Diwalipura,
Vadodara-360015, Gujarat, India |
|
Date of Birth/Age : |
12.11.1975 |
|
Date of Appointment : |
24.11.2009 |
|
DIN No.: |
01323471 |
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 |
U24110GJ1994PTC021470 |
AMI
LIFESCIENCES PRIVATE LIMITED |
Director |
30-09-10 |
24-11-09 |
Active |
NO |
|
2 |
U24231GJ2003PTC041913 |
AMI
DRUGS AND SPECIALITY CHEMICALS PRIVATE LIMITED |
Director |
30-09-10 |
24-11-09 |
Active |
NO |
|
Name : |
Mr. Karamshi Devarajbhai Pidhadia |
|
Designation : |
Additional Director |
|
Address : |
A-206, Sun City,
Manjalpur, Vadodara–390011, Gujarat, India |
|
Date of Birth/Age : |
18.01.1954 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
02152597 |
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 |
U24231GJ2002PTC040746 |
SIDDHARTH
INTERCHEM PRIVATE LIMITED |
Managing
director |
01-04-08 |
01-04-08 |
Active |
NO |
|
2 |
U24110GJ1994PTC021470 |
AMI
LIFESCIENCES PRIVATE LIMITED |
Director |
29-09-12 |
01-08-12 |
Active |
NO |
|
Name : |
Mr. Kalpesh Ravajibhai Patel |
|
Designation : |
Whole time Director |
|
Address : |
203, Agman Flat,
11 Sujata Park, Near JP Police Station, Diwalipura, Vadodara-390015, Gujarat,
India |
|
Date of Birth/Age : |
06.09.1969 |
|
Date of Appointment : |
24.07.2008 |
|
DIN No.: |
02289071 |
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 |
U24110GJ1994PTC021470 |
AMI LIFESCIENCES
PRIVATE LIMITED |
Whole-time
director |
01-01-11 |
24-07-08 |
Active |
NO |
|
Name : |
Mr. Sanket Suresh Patil |
|
Designation : |
Director |
|
Address : |
401, Sanghvi
Tower, Veer Savarkar Path, Charai, Thane (West), Mumbai –400601, Maharashtra,
India |
|
Date of Birth/Age : |
21.05.1980 |
|
Date of Appointment : |
01.09.2011 |
|
DIN No.: |
03592808 |
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 |
U24110GJ1994PTC021470 |
AMI
LIFESCIENCES PRIVATE LIMITED |
Director |
30-09-11 |
01-09-11 |
Active |
NO |
|
2 |
U74120MH2013PTC242506 |
CRINUS
PHARMACEUTICALS PRIVATE LIMITED |
Director |
25-04-13 |
25-04-13 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
Note: Shareholder
details file attached.
AS ON 24.11.2012
|
Names of Allottees |
No. of Shares |
|
Kalpesh Ravjibhai Patel |
250000 |
|
Girish L Chovatia |
236500 |
|
Kiran G Chovatia |
67500 |
|
Ramesh D Vekaria |
67500 |
|
Shivani R Trivedi |
31500 |
|
TOTAL
|
653000 |
AS ON 21.12.2012
|
Names of Allottees |
No. of Shares |
|
Kalpesh Ravjibhai Patel |
50000 |
|
Girish L Chovatia |
635000 |
|
Naresh Patel |
111350 |
|
TOTAL
|
796350 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
37.31 |
|
Directors or relatives of Directors |
57.65 |
|
Other top fifty shareholders |
5.04 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
|
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SBI Global Factors Limited, 6th Floor, Metropolitan
Building, Bandra Kural Complex, Bandra (East), Mumbai-400051, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
Patel Haribhai
Dahyabhai Chartered Accountant |
|
Address : |
104, Deepam Residency,
26,Vishwas Colony, B/h National Plaza, R. C. Dutt Road, Alkapuri,
Vadodara-390007, Gujarat, India |
|
PAN No.: |
ACQPP5827Q |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6860000 |
Equity Shares |
Rs.10/- each |
Rs. 68.600
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital : Rs. 100.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 90.113 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 |
|
68.600 |
50.000 |
|
(b) Reserves & Surplus |
|
124.230 |
98.866 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.166 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
97.369 |
88.113 |
|
(b) Deferred tax liabilities (Net) |
|
13.609 |
8.404 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
173.196 |
145.913 |
|
(b) Trade payables |
|
179.424 |
217.623 |
|
(c) Other current
liabilities |
|
58.494 |
39.450 |
|
(d) Short-term
provisions |
|
17.861 |
23.542 |
|
TOTAL |
|
732.949 |
671.911 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
272.702 |
237.573 |
|
(ii) Intangible Assets |
|
1.371 |
1.099 |
|
(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 |
|
5.957 |
10.988 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
123.100 |
151.766 |
|
(c) Trade receivables |
|
272.858 |
223.779 |
|
(d) Cash and cash
equivalents |
|
8.544 |
13.419 |
|
(e) Short-term loans
and advances |
|
34.585 |
19.198 |
|
(f) Other current
assets |
|
13.832 |
14.089 |
|
TOTAL |
|
732.949 |
671.911 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.000 |
|
|
2] Share Application Money |
|
|
0.100 |
|
|
3] Reserves & Surplus |
|
|
53.690 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
103.790 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
125.602 |
|
|
2] Unsecured Loans |
|
|
23.440 |
|
|
TOTAL BORROWING |
|
|
149.042 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.100 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
256.932 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
174.837 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
83.509 |
|
|
Sundry Debtors |
|
|
156.859 |
|
|
Cash & Bank Balances |
|
|
2.931 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
14.193 |
|
Total
Current Assets |
|
|
257.492 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
153.250 |
|
|
Other Current Liabilities |
|
|
5.011 |
|
|
Provisions |
|
|
17.136 |
|
Total
Current Liabilities |
|
|
175.397 |
|
|
Net Current Assets |
|
|
82.095 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
256.932 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
781.297 |
730.837 |
476.950 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
739.940 |
670.338 |
428.736 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
[Including Deprecation ] |
[Including Deprecation ] |
48.214 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
6.789 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAXATION |
41.357 |
60.499 |
41.425 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL /
EXTRA ORDINATY ITEMS |
1.076 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
40.281 |
60.499 |
41.425 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
14.917 |
15.323 |
10.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
25.364 |
45.176 |
30.988 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
25.364 |
45.176 |
30.988 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
6.649 |
93.904 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
0.203 |
177.678 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.70 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.25
|
6.18 |
6.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.50
|
14.33 |
9.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.41 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.40
|
1.57 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
0.99 |
1.47 |
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 |
3.067 |
0.000 |
|
Term loans from Others |
57.665 |
45.667 |
|
Short Term
Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
10.577 |
|
|
|
|
|
TOTAL |
60.732 |
56.244 |
OPERATION
The company has
achieved turnover of Rs. 781.300 Millions during the current year compared to Rs.
730.800 Millions in the previous year. The Company has earned a net profit of
Rs. 25.300 Millions during the current year.
The directors do
not recommend any dividend for the current year. The company had not accepted any
deposit from the public during the year.
FORM 8
|
Corporate
identity number of the company |
U24110GJ1994PTC021470 |
|
Name of the
company |
AMI LIFESCIENCES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2nd Floor, Prestige Plaza, 40 Urmi Scoiety, Near Urmi Char Rasta, Vadodara-390020, Gujarat, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Indusind Bank Limited, Ground Floor and 1st Floor, Gold Croft Vishwas Colony, Jetapur Road, Baroda-390005, Gujarat, India |
|
Nature of
instrument creating charge |
a) Deed of
Hypothecation by Borrower. b) Term Loan
Agreement. (Collectively
constitute a single charge). |
|
Date of
instrument Creating the charge |
31.05.2012 |
|
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 Interest : Base
Rate + 1.75% p.a. Terms of repayment Term Loan shall
be repayable in Monthly EMI of Rs.0.280 Million each. Any variation in the due to change in ROI
to be paid separately. Margin As may be
stipulated by Bank from time to time. Extent and operation of the charge Hypothecation of
Plant and Machinery, other movable, Book Debts, Stocks, property, furniture
and fixtures of the Company as security for repayment of Term Loan of
Rs.12.500 Millions together with all interest, costs, charges, expenses and
other monies due and payable under the said facilities granted by the bank to
the Company. Other The Borrower has
agreed to create a charge over Property, furniture and fixtures at No.5, 3rd
Floor, Biz Park, Plot No. C 19, MIDC, Wagle Estate, Thane – 400604. Area.
1742 sq. ft. |
|
Short particulars
of the property charged (Including location of the property) |
All present and
future of the movable properties of the Borrower including without limitation
its movable plant and machinery, furniture and fitting, equipment, All present and
future book debts, out standings moneys receivable, claims and bills which
are now due and owing or which may at any time during the continuance All present and
future stock in trade consisting of raw materials, finished goods, goods in
process of manufacturing and other merchandise whatsoever, being |
FIXED ASSETS
- Factory
Building
- Computer
Equipments
- Office
Equipments
- Motor
Vehicles
- Plant and
Machinery
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. 57.73 |
|
|
1 |
Rs. 90.60 |
|
Euro |
1 |
Rs. 76.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.