|
Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAVA HEALTHCARE LIMITED (w.e.f. 27.11.2012) |
|
|
|
|
Formerly Known
As : |
SAVA HEALTHCARE PRIVATE LIMITED (w.e.f. 08.10.2012) BIODEAL LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No.508, GIDC 2, Wadhawan City, District Surendranagar – 363035,
Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.02.1989 |
|
|
|
|
Com. Reg. No.: |
04-011921 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1989PLC011921 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Pharmaceuticals Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 90000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financials ie 2011-12 are missing with the government from the previous year financials.
It seems that the reserves of the company is reducing. It is due to demerger
of paper division and wind mill division to form another company. However,
trade relations are reported as fair. Business is active. Payment terms are
unknown. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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/ Factory : |
Shed No.508, GIDC 2, Wadhawan City, District Surendranagar – 363035,
Gujarat, India |
|
Tel. No.: |
91-2752-243730-31-32 |
|
Fax No.: |
91-2752-243733 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate and Marketing Office : |
Lalwani Plaza, Wing B, Sakorenagar CHS, Sava House, Off New Airport
Road, Viman Nagar, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-30516100 |
|
Fax No.: |
91-20-30516161 |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Thobhanbhai Kurjibhai Patel |
|
Designation : |
Director |
|
Address : |
M. I. Park, Near M P Shah Commerce College, Wadhwan City – 363030,
Gujarat, India |
|
Date of Birth/Age : |
15.12.1950 |
|
Date of Appointment : |
25.10.2010 |
|
DIN No.: |
00465298 |
|
|
|
|
Name : |
Mr. Arunbhai Jamnadas Patel |
|
Designation : |
Director |
|
Address : |
11, Professor Society, Near Swaminarayan Gurukul, Surendranagar –
363001, Gujarat, India |
|
Date of Appointment : |
15.08.1996 |
|
DIN No.: |
00494351 |
|
|
|
|
Name : |
Mr. Devang Thobhanbhai Patel |
|
Designation : |
Director |
|
Address : |
Opposite Sukhsagar, Surendranagar – 363001, Gujarat, India |
|
Date of Appointment : |
01.10.1999 |
|
DIN No.: |
00762786 |
|
|
|
|
Name : |
Mr. Shailesh Shah |
|
Designation : |
Additional Director |
|
Address : |
E/303, 10 Kastur Kunj, CTS 2745 to 2755, Shivaji Nagar, Pune – 411005,
Maharashtra, India |
|
Date of Appointment : |
03.06.2011 |
|
DIN No.: |
00181435 |
|
|
|
|
Name : |
Mr. Vinod Jadhav |
|
Designation : |
Managing Director |
|
Address : |
Plot No.7, Windsor Estate, S. No.17/2B, Near Bishop School, Vadgaon
Sheri, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1972 |
|
Date of Appointment : |
25.10.2010 |
|
DIN No.: |
00022790 |
|
|
|
|
Name : |
Mr. Suvarna Jadhav |
|
Designation : |
Director |
|
Address : |
Plot No.7, Windsor Estate, S. No.17/2B Near Bishop School , Vadgaon
Sheri, Pune – 411014, Maharashtra, India |
|
Date of Appointment : |
25.10.2010 |
|
DIN No.: |
00022798 |
KEY EXECUTIVES
|
Name : |
Mr. Ritesh |
|
Designation : |
Accounts Department. |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of
Shareholders |
No. of Equity
Shares |
No. of
Preference Shares |
|
|
|
|
|
Thobhanbhai Kurjibhai Patel |
2130 |
- |
|
Dr. Jamnadas Kurjibhai patel |
1500 |
- |
|
Girdharilal Manjibhai Nadpara |
1800 |
45000 |
|
Pravinbhai Manjibhai Nadpara |
3600 |
- |
|
Ushaben Parsottambhai Nadpara |
2400 |
45000 |
|
Dr. Jamnadas Kurjibhai Patel (HUF) |
1500 |
- |
|
Dr. Vallabhbhai Ramjibhai Vaishnav |
1500 |
- |
|
Labhuben Jamnadas patel |
1500 |
- |
|
Madhuben Bharat Patel |
3000 |
37500 |
|
Arunbhai Jamnadas Patel |
2700 |
42750 |
|
Shushilaben Ravjibhai Patel |
8100 |
77250 |
|
Monaben Ravjibhai Patel |
900 |
- |
|
Thobhanbhai Kurjibhai Patel (HUF) |
870 |
- |
|
Gitaben Thobhanbhai Patel |
3000 |
45000 |
|
Kinaben Shaileshkumar Patel |
1500 |
- |
|
Devang Thobhanbhai Patel |
1500 |
30000 |
|
Amrutlal Manjibhai Nadpara |
1200 |
- |
|
Chandrikaben Amrutlal Nadpara |
1200 |
44250 |
|
Pramit Amrutlal Nadpara |
900 |
- |
|
Rishit Amrutlal Nadpara |
600 |
- |
|
Dr. Parshottam Manjibhai Nadpara (HUF) |
2400 |
- |
|
Dr. Parshottam Manjibhai Nadpara |
1200 |
- |
|
Bhavtosh Parshottam Nadpara |
1200 |
- |
|
Hetal Parshottam Nadpara |
1200 |
- |
|
Shardhaben Thobhanbha Nadpara |
1200 |
- |
|
Jayeshbhai Thobhanbha Nadpara |
1200 |
- |
|
Vijaybhai Thobhanbha Nadpara |
1200 |
20250 |
|
Minaben Girdharbhai Nadpara |
600 |
- |
|
Pooja Girdharbhai Nadpara |
600 |
- |
|
Jeet Girdharbhai Nadpara (Minor) |
900 |
- |
|
Dr. Vallabhbhai Vaishnav (HUF) |
900 |
- |
|
Pushpaben Vallabhbhai Vaishnav |
1800 |
- |
|
Siddharth Vallabhbhao Vaishnav |
1200 |
40500 |
|
Jaykumr Bharatbhai Patel |
2700 |
-- |
|
Thobhanbhai Manjibhai Nadpara |
300 |
22500 |
|
|
|
|
|
Total |
60000 |
450000 |
(AS ON 10.07.2012)
|
Names of
Allottee |
|
No. of Shares Allotted |
|
|
|
|
|
Suvarna Jadhav |
|
200000 |
|
|
|
|
|
Total |
|
200000 |
(AS ON 17.07.2012)
|
Names of
Allottee |
|
No. of Shares Allotted |
|
|
|
|
|
Anagha Pharma Private Limited, India |
|
6361500 |
|
Raju Shinde |
|
1 |
|
Deepak Shinde |
|
1 |
|
Vishal Jadhav |
|
1 |
|
Shanta Jadhav |
|
1 |
|
|
|
|
|
Total |
|
6361504 |
(AS ON 20.04.2012)
|
Names of
Allottee |
|
No. of Shares Allotted |
|
|
|
|
|
Suvarna Jadhav |
|
250000 |
|
|
|
|
|
Total |
|
250000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pharmaceuticals Products. |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Medicines |
Nos. |
See Note Given
Below |
18363464 |
|
|
Wind Power (Elec.) MW |
KWH |
NA |
3 |
4177449 |
NOTE:
The management has not furnished to us the
Installed capacity of various product of the company. The management has
explained that, the said is not assessable considering numbers of differed
products.
Wing Power includes 4010352 KWH (Previous year
4177586 KWH) As per the agreement entered into with GEDA the company get credit
for the power generated by the wing mill for the actual power consumed by it
after deduction of 4% for wheeling charges.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sachin Gogave and Company Chartered Accountant |
|
Address : |
S. No.43, Nav Maharashtra House, Opposite Shaniwar Wada, Shaniwar Peth,
Pune – 411030, Maharashtra, India |
|
PAN No.: |
AGGPG3877M |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
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 |
|
|
|
|
|
|
7321504 |
Equity Shares |
Rs.10/- each |
Rs.73.215
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
660000 |
Equity Shares |
Rs.10/- each |
Rs.6.600 Millions |
|
2450000 |
9% Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.24.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.31.100
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.10/- each |
Rs.0.600 Million |
|
450000 |
9% Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.4.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.5.100
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
5.100 |
34.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
17.411 |
183.544 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
22.511 |
217.544 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
(3.370) |
33.352 |
|
|
2] Unsecured Loans |
|
152.516 |
131.344 |
|
|
TOTAL BORROWING |
|
149.146 |
164.696 |
|
|
DEFERRED TAX LIABILITIES |
|
7.860 |
28.449 |
|
|
|
|
|
|
|
|
TOTAL |
|
179.517 |
410.689 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
133.241 |
127.741 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.203 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
36.852
|
24.743 |
|
|
Sundry Debtors |
|
45.938
|
43.497 |
|
|
Cash & Bank Balances |
|
6.818
|
0.666 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
46.445
|
269.860 |
|
Total
Current Assets |
|
136.053
|
338.766 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
23.326
|
15.457 |
|
|
Other Current Liabilities |
|
54.851
|
30.364 |
|
|
Provisions |
|
11.600
|
10.200 |
|
Total
Current Liabilities |
|
89.777
|
56.021 |
|
|
Net Current Assets |
|
46.276
|
282.745 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
179.517 |
410.689 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
262.018 |
270.389 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
229.889 |
250.910 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
32.129 |
19.479 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
10.887 |
10.358 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
21.242 |
9.121 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
38.969 |
96.506 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
84.741 |
107.835 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
RM Materials |
|
0.000 |
13.093 |
|
|
|
PM Materials |
|
31.707 |
16.974 |
|
|
|
Capital Goods |
|
16.232 |
0.000 |
|
|
TOTAL IMPORTS |
|
47.939 |
30.067 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
41.65 |
2.68 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
8.11
|
3.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
11.93
|
4.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.43
|
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
6.63
|
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.52
|
6.05 |
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
No |
|
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 |
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
From Directors, Shareholders, Relatives and Sister Concern |
147.574 |
126.703 |
|
From Others |
4.942 |
4.641 |
|
|
|
|
|
Total |
152.516 |
131.344 |
OPERATING RESULTS
The overall performance of the company has remained
most satisfactory. The company has achieved its budgeted targets in respect of
its turnover and profitability. The management is also very hopeful to achieve
good result as per the targets during the current year.
DE-MERGER OF THE COMPANY
D-merger of the company has taken place vide order dt. 19th
April 2011 of The Honourable Ahmedabad High Court. The de-merger of the company
is w.e.f. 1st April 2010. As a result of the De-merger, Paper Mill
Division and Wind Mill Division are de-merged to form a resulting company
Devang Paper Mills Private Limited. All the Assets and Liabilities related to
the resulting company as on 01.04.2010 standing in the books are transferred to
the resulting company. In accordance with the Order passed by Honourable
Ahmedabad High Court, the amount of adjustment on account of De-merger in the
books works out to Rs.30.289 Millions is adjusted against the Profit and Loss
account balance of the company. Being the item of extra-ordinary nature it is
reflected in the Schedule Reserve Surplus' and is not charged to the Current
Years Profit and Loss A/c.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10324379 |
|
Corporate identity
number of the company |
U24231GJ1989PLC011921 |
|
Name of the
company |
|
|
Address of the
registered office or of the principal place of business in |
Shed No 508 GIDC 2,
Wadhwan City, District Surendranagar – 363035, Gujarat, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Yes Bank Limited 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Equitable Mortgage by Deposit of Title deeds. |
|
Date of
instrument Creating the charge |
05/01/2012 |
|
Amount secured by
the charge |
Rs.140.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest CC: 3% above Yes
Bank Base Rate. WCDL (sub limit
of CC ) : 2.5% above Yes bank Base rate WCTL: 3.5% above
Yes Bank Base Rate. FCTL ( sub limit
of WCDL) : 3% above FCNR(B) Rate Terms of
Repayment CC: On demand /
Annual review WCDL" On
demand / Annual review WCTL / FCTL : 48
Equated monthly installments Margin CC /WCDL: 25% on
Book Debts less than 90 days plus stocks less creditors Extent and Operation
of the charge First exclusive
charge on Equitable mortgage of Immovable property at Plot No 403/A, 507/B-2,
507/C, 508, 509, 510, 511, 512 Wadhwan Surendranagar District in favour of
Yes Bank Limited for the repayment of all monies in respect of the credit
facility, including outstanding balance and also all interest, costs, charges
and expenses. |
|
Short particulars
of the property charged |
Equitable
mortgage of Immovable property at Plot No 403/A, 507/B-2, 507/C, 508, 509,
510, 511, 512 Wadhwan Surendranagar District. |
|
Particulars of
the present modification |
By this
modification, the existing charge on the current assets and movable fixed
assets both present and future for Rs.140.000 Millions charged to Yes Bank
Limited remains same. The said facilities of Rs. 140.000 Millions are now
also secured by way of Equitable mortgage of Immovable property at Plot No
403/A, 507/B-2, 507/C, 508, 509, 510, 511, 512 Wadhwan Surendranagar
District, Gujarat. |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture and Fittings
· Office Equipments
· Vehicles
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.54.11 |
|
|
1 |
Rs.80.84 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.