MIRA INFORM REPORT
|
Report Date : |
03.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASG BIOCHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
607, Rohit House, 3, Tolstoy Marg, New Delhi-110001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.05.2004 |
|
|
|
|
Com. Reg. No.: |
55-126594 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 49.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U4232DL2004PTC126594 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA15130D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA7451L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Preparing, buying, selling, reselling,
importing, exporting, altering, exchanging, improving, storing, inventing, marketing,
or otherwise dealing in Pharmaceutical drugs, medicine, vitamins, mixture,
hormones, herbals, bulk drugs, veterinary medicines, chemicals alkalies,
acids essences, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
company is continuously incurring losses from last two years of operations. However,
trade relations are reported as fair. Business is active. Payments are
reported as fair. Business is active. Payments are reported to be slow. 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
607, Rohit House, 3, Tolstoy Marg, New Delhi-110001, India |
|
Tel. No.: |
91-11-29228296 |
|
Fax No.: |
91-11-41637553 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Apeejay Stya House, 14, Commercial
Complex, Masjid Moth Greater Kailash - II, New Delhi - 110048, India |
|
Tel. No.: |
91-11-29228296 / 8 |
|
Fax No.: |
91-11-41637553 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Ganganagar, 24 ,Parganas [North] - 700132, West Bengal,
India |
|
Tel. No.: |
91-33-25673236 / 41 |
|
Fax No.: |
91-33-25674557 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Satish Kumar Murgai |
|
Designation : |
Director |
|
Address : |
67, MIG Flats, Prasad Nagar, New Delhi-110005, India |
|
Date of Birth/Age : |
16.08.1947 |
|
Date of Appointment : |
26.05.2004 |
|
DIN No.: |
00040348 |
|
|
|
|
Name : |
Mr. Avinash Chander Rekhi |
|
Designation : |
Director |
|
Address : |
Flat No-RO1A, Windsor Court, DLF Phase-4, Gurgaon-122015, Haryana,
India |
|
Date of Birth/Age : |
14.10.1935 |
|
Date of Appointment : |
07.06.2004 |
|
DIN No.: |
00105866 |
|
|
|
|
Name : |
Deba Jyoti Mukherjee |
|
Designation : |
Director |
|
Address : |
Manik Flats No-502, P17B, Ashutosh Avenue, Kolkata-700019, West
Bengal, India |
|
Date of Birth/Age : |
25.08.1942 |
|
Date of Appointment : |
05.07.2004 |
|
DIN No.: |
00640561 |
|
|
|
|
Name : |
Mr. Rajesh Ramawatar Sharma |
|
Designation : |
Director |
|
Address : |
7/31, Roop Nagar, Delhi-110007, India |
|
Date of Birth/Age : |
16.03.1972 |
|
Date of Appointment : |
07.06.2004 |
|
DIN No.: |
00041563 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Brillchem Pharma Private Limited, India |
|
2000 |
|
Bersoft Infotech Private Limited, India |
|
2000 |
|
Brillcomp Services Private Limited, India |
|
2000 |
|
Walter Bushnell Healthscience Private Limited, India |
|
2000 |
|
P.G. Infrastructure Private Limited, India |
|
1999 |
|
Martin and Harris Private Limited, India |
|
1220100 |
|
Martel Hammer Pharmaceuticals Private Limited, India |
|
1160 |
|
ACME Network S.A., UAE |
|
3668740 |
|
Satish Kumar Murgai |
|
1 |
|
Total |
|
4900000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
74.87 |
|
Bodies corporate |
25.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Preparing, buying, selling, reselling,
importing, exporting, altering, exchanging, improving, storing, inventing,
marketing, or otherwise dealing in Pharmaceutical drugs, medicine, vitamins,
mixture, hormones, herbals, bulk drugs, veterinary medicines, chemicals
alkalies, acids essences, etc. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Capacity |
Production |
|
Bulk Drugs and Intermediates |
KG |
10000 |
132.265 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Krishan K. Gupta and Company Chartered Accountants |
|
Address : |
1/3-10196, Jhandewalan, Devi Mandir Lane, New Delhi-110055, India |
|
Tel. No.: |
91-11-23678214 / 23520387 / 23559070 |
|
Fax No.: |
91-11-23675377 |
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E-Mail : |
|
|
PAN No.: |
AACPG6006E |
|
|
|
|
Holding Company : |
ACME Networks S A |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs. 49.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
49.000 |
49.000 |
49.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.707 |
10.300 |
18.796 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.707 |
59.300 |
67.796 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.285 |
0.257 |
0.000 |
|
|
TOTAL BORROWING |
0.285 |
0.257 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.021 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.013 |
59.557 |
67.796 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
29.481 |
31.426 |
34.348 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.0000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.693 |
1.037 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
77.185
|
30.359 |
31.755 |
|
|
Sundry Debtors |
7.031
|
22.790 |
6.325 |
|
|
Cash & Bank Balances |
2.066
|
5.087 |
3.167 |
|
|
Other Current Assets |
6.990
|
0.211 |
0.000 |
|
|
Loans & Advances |
12.878
|
4.425 |
7.419 |
|
Total
Current Assets |
106.150
|
62.872 |
48.666 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.532
|
21.491 |
9.981 |
|
|
Other Current Liabilities |
75.436
|
10.108 |
4.473 |
|
|
Provisions |
1.650
|
3.835 |
1.801 |
|
Total
Current Liabilities |
78.618
|
35.434 |
16.255 |
|
|
Net Current Assets |
27.532
|
27.438 |
32.411 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.013 |
59.557 |
67.796 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
52.880 |
21.762 |
22.806 |
|
|
|
Job Work |
0.000 |
0.000 |
26.047 |
|
|
|
Other Income |
0.955 |
0.581 |
1.235 |
|
|
|
TOTAL (A) |
53.835 |
22.343 |
50.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
35.917 |
1.761 |
|
|
|
|
changes in inventories of finished goods.work in progress and Stock-inTrade |
(10.618) |
1.264 |
42.573 |
|
|
|
Employees Benefits expense |
13.011 |
15.673 |
|
|
|
|
Other expenses |
16.135 |
8.710 |
|
|
|
|
Exceptional Items/ Provision of Gratuity Written Back |
(1.850) |
0.000 |
|
|
|
|
TOTAL (B) |
52.595 |
27.408 |
42.573 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
1.240 |
(5.065) |
7.515 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.070 |
0.169 |
0.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.170 |
(5.234) |
7.455 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.598 |
2.919 |
3.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(1.428) |
(8.153) |
4.023 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.165 |
0.343 |
3.027 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(2.593) |
(8.496) |
0.996 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.300 |
18.796 |
17.800 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
7.707 |
10.300 |
18.796 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
50.908 |
0.000 |
5.038 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.53) |
(1.73) |
0.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(4.82)
|
(38.03) |
1.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.70)
|
(37.46) |
17.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.05)
|
(8.65) |
4.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03)
|
(0.14) |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.77 |
2.99 |
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 |
No |
|
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 |
SALES
The sales turnover for the year amounted to Rs. 52.880 millions, as compared to Rs. 21.762 millions of last year.
FUTURE PROSPECTS
The Company continues to explore ways and means to reduce cost and use new materials. The Directors hope that the efforts will bear fruit in future.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Bank Overdraft from Schedule Bank (against Fixed Deposit ) |
0.285 |
0.257 |
|
Total |
0.285 |
0.257 |
FIXED ASSETS
- Factory Land
- Factory
Building
- Plant and
Machinery
- Furniture and
Fixture
- Office
Equipment
- Computers
- Vehicle
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.53.74 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.