MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAMESH BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE
LIMITED (w.e.f. 03.12.2009) |
|
|
|
|
Formerly Known
As : |
KAMESH BHARGAVA HOSPITALS AND RESEARCH CENTRE LIMITED |
|
|
|
|
Registered
Office : |
Silver Oaks Hospital Complex, Phase- Ix, Sector 63, Mohali
- 160062, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
27.02.1997 |
|
|
|
|
Com. Reg. No.: |
16-032425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.108.043 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110PB1997PTC032425 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK7161P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is running a Hospital. |
|
|
|
|
No. of Employees
: |
Not Available |
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 740000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials of the company are not made available. As per previous year’s
record, the financial strength appears moderate. However, trade relations are
fair. Business is active. Payment terms are unknown. The company can be considered for business dealings with some caution.
Profit and Loss account for the year 2011 is not available. |
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 |
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 : |
Silver Oaks Hospital Complex, Phase- Ix, Sector 63, Mohali
- 160062, Punjab, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 26.09.2012
|
Name : |
Mr. Manmohan Lal Sarin |
|
Designation : |
Additional Director |
|
Address : |
Kothi No. 48, Sector-4, Chandigarh, India |
|
Date of Appointment : |
24.03.2012 |
|
PAN No.: |
AAPPB5561J |
|
DIN No.: |
00017135 |
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 |
L51909PB1985PLC006208 |
AMRIT
BANASPATI COMPANY LIMITED |
Director |
02/02/1995 |
02/02/1995 |
16/05/2011 |
Active |
NO |
|
2 |
L24231CH1996PLC017755 |
PARABOLIC
DRUGS LIMITED |
Director |
29/09/2011 |
29/09/2011 |
18/10/2012 |
Active |
NO |
|
3 |
U85110PB1997PTC032425 |
KAMESH
BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
24/03/2012 |
24/03/2012 |
- |
Active |
NO |
|
Name : |
Mr. Nripjit Singh Chawla |
|
Designation : |
Additional Director |
|
Address : |
C-2/13, Vasant Vihar, New Delhi – 110057, India |
|
Date of Appointment : |
29.02.2012 |
|
DIN No.: |
00105481 |
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 |
U74140DL2004PTC124142 |
ADVANCED
CENTRE FOR MANAGMENT EXCELLENCE PRIVATE LIMITED |
Director |
16/01/2004 |
16/01/2004 |
- |
Active |
NO |
|
2 |
U74140DL2007PLC163278 |
ANTARCTICA
PROPERTIES COMPANY LIMITED |
Additional
director |
16/11/2012 |
20/11/2008 |
31/12/2012 |
Active |
NO |
|
3 |
U45201DL2005PLC135339 |
ANTARCTICA
PROPERTIES COMPANY LIMITED |
Director |
30/06/2009 |
20/11/2008 |
- |
Amalgamated |
NO |
|
4 |
U85191DL2009NPL196683 |
MOOLCHAND
HEALTHCARE FOUNDATION |
Director |
05/12/2009 |
05/12/2009 |
- |
Active |
NO |
|
5 |
U85100DL2012PTC229593 |
NCSC
HEALTHCARE PRIVATE LIMITED |
Director |
03/01/2012 |
03/01/2012 |
- |
Active |
NO |
|
6 |
U85100DL2012PTC231228 |
KARE
PARTNERS GROUP INDIA PRIVATE LIMITED |
Director |
09/02/2012 |
09/02/2012 |
- |
Active |
NO |
|
7 |
U85110PB1997PTC032425 |
KAMESH
BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
29/02/2012 |
29/02/2012 |
- |
Active |
NO |
|
Name : |
Dr. Akhil Bhargava |
|
Designation : |
Managing Director |
|
Address : |
761, Sector 8-B, Chandigarh, India |
|
Date of Appointment : |
27.02.1997 |
|
PAN No.: |
AAPPB5560K |
|
DIN No.: |
00263585 |
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 |
U85110PB1997PTC032425 |
KAMESH
BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED |
Managing
director |
27/02/1997 |
27/02/1997 |
- |
Active |
NO |
|
2 |
U85190PB2008PTC032279 |
SILVER
OAKS MULTI-SPECIALITY HOSPITAL AND CANCER RESEARCH CENTRE PRIVATE LIMITED |
Director |
11/09/2008 |
11/09/2008 |
- |
Strike
off |
NO |
|
3 |
U74900CH2009PTC031834 |
BHARGAVA
INVESTMENT AND HOLDING SERVICES PRIVATE LIMITED |
Director |
28/10/2009 |
28/10/2009 |
- |
Active |
NO |
|
Name : |
Dr. Mrs. Manjari Bhargava |
|
Designation : |
Additional Director |
|
Address : |
761, Sector 8-B, Chandigarh, India |
|
Date of Appointment : |
13.09.2012 |
|
DIN No.: |
00263616 |
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 |
U85110PB1997PTC032425 |
KAMESH
BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
13/09/2012 |
27/02/1997 |
- |
Active |
NO |
|
2 |
U67120PB1993PLC013938 |
INDIA
IMPEX AND HOLDINGS LIMITED |
Director |
01/09/2000 |
01/09/2000 |
11/05/2005 |
Active |
|
|
3 |
U85190PB2008PTC032279 |
SILVER
OAKS MULTI-SPECIALITY HOSPITAL AND CANCER RESEARCH CENTRE PRIVATE LIMITED |
Director |
11/09/2008 |
11/09/2008 |
23/11/2009 |
Strike
off |
NO |
|
4 |
U74900CH2009PTC031834 |
BHARGAVA
INVESTMENT AND HOLDING SERVICES PRIVATE LIMITED |
Director |
28/10/2009 |
28/10/2009 |
- |
Active |
NO |
|
Name : |
Mr. Amardeep Singh Sidhu |
|
Designation : |
Additional Director |
|
Address : |
550, Sector 18, Chandigarh, India |
|
Date of Appointment : |
29.02.2012 |
|
DIN No.: |
02442121 |
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 |
U85190PB2008PTC032279 |
SILVER
OAKS MULTI-SPECIALITY HOSPITAL AND CANCER RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
21/11/2009 |
21/11/2009 |
- |
Strike
off |
NO |
|
2 |
U51397CH2008PTC031441 |
QUAL
PHARMA HEALTH SOLUTIONS PRIVATE LIMITED |
Director |
30/09/2010 |
02/03/2010 |
19/04/2012 |
Active |
NO |
|
3 |
U85110PB1997PTC032425 |
KAMESH
BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
29/02/2012 |
29/02/2012 |
- |
Active |
NO |
|
Name : |
Mr. Aditya Khindaria |
|
Designation : |
Additional Director |
|
Address : |
311, Nelson Road, Weddington 28104 |
|
Date of Appointment : |
29.02.2012 |
|
DIN No.: |
05131789 |
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 |
U85100DL2011PTC227351 |
NC
HOSPITALS PRIVATE LIMITED |
Additional
director |
27/11/2011 |
27/11/2011 |
- |
Active |
NO |
|
2 |
U85100DL2012PTC231228 |
KARE
PARTNERS GROUP INDIA PRIVATE LIMITED |
Director |
09/02/2012 |
09/02/2012 |
- |
Active |
NO |
|
3 |
U85110PB1997PTC032425 |
KAMESH
BHARGAVA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
29/02/2012 |
29/02/2012 |
- |
Active |
NO |
|
Name : |
Mr. Rajnish Rametra |
|
Designation : |
Additional Director |
|
Address : |
231, Sector 21-A, Chandigarh, India |
|
Date of Appointment : |
13.09.2012 |
|
DIN No.: |
02617189 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Akhil Bhargava, 761, Sector 8-B, Chandigarh, India |
|
2147642 |
|
Manjari Bhargava, 761, Sector 8-B, Chandigarh, India |
|
1834107 |
|
Akhil Bhargava jointly with Manjari Bhargava, 761, Sector 8-B, Chandigarh, India |
|
286325 |
|
Manjari Bhargava jointly with Akhil Bhargava, 761, Sector 8-B, Chandigarh, India |
|
596521 |
|
Rajnish Rametra, 231, Sector 21-A, Chandigarh, India |
|
607877 |
|
Akhil Bhargava (HUF), 761, Sector 8-B, Chandigarh, India |
|
116882 |
|
PSIDC, Udyog Bhavan, Sector 17, Chandigarh, India |
|
570000 |
|
Bhupinder P. Baidwan, 727 West Grand View Road, Phoenix (USA) |
|
102416 |
|
Kamal Biadwan, 727 West Grand View Road, Phoenix (USA |
|
46940 |
|
Surinder Rametra, Silver Woods, Flat No A-202, 81/1, Mundhwa, Goregaon Park, Pune, Maharashtra, India |
|
476848 |
|
Amandeep Singh Sidhu, 550, Sector 18, Chandigarh, India |
|
444100 |
|
Vijay Rametra, House No.1126, Sector 8-C, Chandigarh, India |
|
114696 |
|
Ankit Bhargava, 761, Sector 8-B, Chandigarh, India |
|
149271 |
|
Bhargava Investment and holding Private Limited, 761, Sector 8-B, Chandigarh, India |
|
28164 |
|
Rajnish Kumar, House No.1126, Sector 8-C, Chandigarh, India |
|
397660 |
|
AKNC Hospital India Private Limited, 29, 2nd Floor, Defence Colony Market, New Delhi – 110024, India |
|
4439924 |
|
Total |
|
12359373 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2012
|
Category |
|
Percentage |
|
Government Companies |
|
4.61 |
|
Bodies corporate |
|
36.15 |
|
Directors or relatives of directors |
|
47.87 |
|
Other top fifty shareholders |
|
11.37 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is running a Hospital. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India · Punjab and Sind Bank, Sector-34, Chandigarh - 160022, Chandigarh, India · Corporation Bank, Sco 137-138 Sector 8-C, Chandigarh - 160009, India · Punjab National Bank, MCB, Sector 17-B, Chandigarh - 160017, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kansal Singla and Associates Chartered Accountants |
|
Address : |
Sco 80-81, 4th Floor, Sector 17 C, Chandigarh, India |
|
PAN No.: |
AAAFK9144R |
|
|
|
|
Associates : |
· Bhargava Investment and Holding Services Private Limited · Silver Oaks Foundation · Anvit Enterprises |
CAPITAL STRUCTURE
As on 26.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs.130.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12359373 |
Equity Shares |
Rs.10/- each |
Rs.123.594
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10804288 |
Equity Shares |
Rs.10/- each |
Rs.108.043
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
108.043 |
57.800 |
57.800 |
|
|
2] Share Application Money |
0.000 |
14.471 |
17.874 |
|
|
3] Reserves & Surplus |
77.725 |
61.038 |
43.302 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
185.768 |
133.309 |
118.976 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
84.867 |
69.846 |
51.345 |
|
|
2] Unsecured Loans |
4.021 |
4.934 |
8.056 |
|
|
TOTAL BORROWING |
88.888 |
74.780 |
59.401 |
|
|
DEFERRED TAX LIABILITIES |
17.208 |
16.638 |
16.297 |
|
|
|
|
|
|
|
|
TOTAL |
291.864 |
224.727 |
194.674 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
172.385 |
159.838 |
146.906 |
|
|
Capital work-in-progress |
49.326 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.270
|
0.740 |
0.361 |
|
|
Sundry Debtors |
93.112
|
84.120 |
51.778 |
|
|
Cash & Bank Balances |
13.633
|
9.108 |
13.841 |
|
|
Other Current Assets |
1.818
|
4.135 |
0.246 |
|
|
Loans & Advances |
23.697
|
22.322 |
18.043 |
|
Total
Current Assets |
133.530
|
120.425 |
84.269 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
43.545
|
39.281 |
25.970 |
|
|
Other Current Liabilities |
11.691
|
12.407 |
7.632 |
|
|
Provisions |
8.141
|
3.848 |
2.899 |
|
Total
Current Liabilities |
63.377
|
55.536 |
36.501 |
|
|
Net Current Assets |
70.153
|
64.889 |
47.768 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
291.864 |
224.727 |
194.674 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
179.447 |
172.930 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
179.447 |
172.930 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
156.708 |
148.436 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
156.708 |
148.436 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
22.572 |
24.490 |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
4.189 |
7.840 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
18.383 |
16.650 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
3.18 |
2.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
10.24 |
9.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
8.05 |
10.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.12 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.48 |
0.56 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11 |
2.17 |
2.31 |
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) |
No |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
No |
DETAILS OF
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Loans from Directors |
4.021 |
4.934 |
|
Total |
4.021 |
4.934 |
FIXED ASSETS
·
Land and Building
·
Plant and Machinery
·
Electrical Fittings
·
Office Equipments
·
Furniture and Fixtures
·
Surgical and Medical
Equipments
·
Cycles
·
Vehicles
·
Computer
·
Utensils
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.82.72 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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 |
NO |
|
--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.