MIRA
INFORM REPORT
|
Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
MACLEODS PHARMACEUTICALS LIMITED |
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Formerly Known
As : |
MACLEODS PHARMACEUTICALS PRIVATE LIMITED |
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Registered
Office : |
304, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
05.06.1989 |
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Com. Reg. No.: |
11-052049 |
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Capital Investment
/ Paid-up Capital : |
Rs.199.607 Millions |
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CIN No.: [Company Identification
No.] |
U24239MH1989PLC052049 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19656A |
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PAN No.: [Permanent Account No.] |
AAACM4100C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and
Exporter of Pharmaceuticals and related activities including research. |
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No. of Employees
: |
5000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 36023000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a
well-established and reputed company having a fine track record. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit or CAD in April-June widened to 4.9 % of gross domestic product. High
imports of gold and oil led to a worsening of the trade deficit, resulting in
CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the
corresponding quarter of the previous financial year. The government aims to
bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2
billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot
for the world’s most honest city while Lisbon, the capital of Portugal, proved
to be the least honest. The survey put hundreds of people to test in four
continents to find out just how honest they were by dropping wallets and seeing
how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating A1+ (Placed on notice of
Withdrawal) |
|
Rating Explanation |
Very strong degree of safety. It carry
lowest credit risk. |
|
Date |
13.09.2013 |
NOTE: Notice of withdrawal for a period of 180 days on
Macleods request. The ratings shall be withdrawn at the end of the notice
period.
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 : |
304, Atlanta Arcade,
Marol Church Road, Andheri (East), Mumbai – 400 059, Maharashtra, India |
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Tel. No.: |
91-22-66762800/ 56762800 |
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Fax No.: |
91-22-28266229/ 29256599 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
Plot No. 1 and 2,
Mahim Road, Near Kuldeep Hotel, Palghar (West), District Thane – 401 404,
Maharashtra, India |
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Factory 2 : |
Village: Theda, Kharuni- Lodimajra, Thehesil- Nalagarh, Baddi Industrial Estate Area, District: Solan, Himachal Pradesh, India |
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Factory 3 / Daman- Premier- Unit II : |
Plot no. 25-27, Survey No. 366, Premier Industrial Estate, Kachigam, Daman – 396 320, Daman and Diu, India |
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Factory 4 / Daman- Kabra- Unit III : |
Plot No. 367/ 7, Kabra Industrial Estate, Kachigam, Daman – 396 210, Daman and Diu, India |
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Factory 5 : |
Plot No.2209, GIDC Sarigam, District: Valsad, Gujarat, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Banwarilal Murildhar Bawri |
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Designation : |
Managing Director |
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Address : |
5, Vinayak Heights, Upper Govind Nagar, Malad (East), Mumbai – 400 097, Maharashtra, India |
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Date of Birth/Age : |
02.04.1953 |
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Qualification : |
D. Pharm |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
00017795 |
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Other Directorship:
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Name : |
Mr. Rajendra Murlidhar Agarwal |
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Designation : |
Managing Director |
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Address : |
5, Vinayak Heights, Upper Govind Nagar, Malad (East), Mumbai – 400 097, Maharashtra, India |
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Date of Birth/Age : |
25.02.1959 |
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Qualification : |
M.B.B.S. |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
00034224 |
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Other Directorship:
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Name : |
Mr. Girdharilal Murlidhar Bawri |
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Designation : |
Director |
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Address : |
5, Vinayak Heights, Upper Govind Nagar, Malad (East), Mumbai – 400 097, Maharashtra, India |
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Date of Birth/Age : |
03.08.1947 |
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Qualification : |
B. Com / D. Pharma |
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Date of Appointment : |
22.05.1990 |
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DIN No.: |
00034197 |
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Name : |
Mr. Vimal Manekchand Kothari |
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Designation : |
Director |
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Address : |
132, Avanti Apartment, Senapati Bapat Marg, Dadar (West), Mumbai-40028, Maharashtra, India |
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Date of Birth/Age : |
28.06.1940 |
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Qualification : |
M.Com / LLB / FICWA |
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Date of Appointment : |
27.03.2006 |
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DIN No.: |
00056003 |
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Other Directorship:
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Name : |
Mr. Navrang Ladhuram Tibrewal |
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Designation : |
Director |
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Address : |
Plot No. A, Schemeno 8, Gandhipath, Queens Road, Jaipur – 302 021, Rajashtra, India |
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Date of Birth/Age : |
17.01.1937 |
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Qualification : |
LLM |
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Date of Appointment : |
27.03.2006 |
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DIN No.: |
00030151 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mrs. Suvarna Dadabhau Gholap |
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Designation : |
Secretary |
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Address : |
103-A, Building No.26, Tilak Nagar, Chembur, Mumbai – 400 089, Maharashtra,
India |
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Date of Birth/Age : |
15.07.1982 |
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Date of Appointment : |
01.03.2011 |
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PAN No.: |
ANJPG7538B |
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|
Name : |
Mr. Suresh |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Banwarilal Murildhar Bawri |
6044160 |
30.28 |
|
Ajay Agarwal |
4255800 |
21.32 |
|
Anju Agarwal |
3256200 |
16.31 |
|
Rajendra Murlidhar Agarwal |
3084360 |
15.45 |
|
Girdharilal Murlidhar Bawri |
2235360 |
11.2 |
|
Sudha Bawri |
380400 |
1.91 |
|
Anushree Agarwal |
229200 |
1.15 |
|
Ruchi Agarwal |
192840 |
0.97 |
|
Taradevi Bawri |
162000 |
0.81 |
|
Rajendra Murlidhar Agarwal HUF |
120000 |
0.6 |
|
Vijay Agarwal |
360 |
0.00 |
|
|
|
|
|
Total |
19960680 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Pharmaceuticals and related activities including research. |
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Products : |
· Drugs · Pharmaceuticals · Alkalis · Acids · Essences · Petrochemicals · Chemicals |
GENERAL INFORMATION
|
No. of Employees : |
5000 (Approximately) |
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Bankers : |
·
CITI Bank N.A., Commercial Banking Group,
Bandra Kurla Complex, Mumbai – 400 051, Maharashtra, India · State Bank of India, N.G.N. Vaidya Marg, Mumbai – 400 023, Maharashtra, India ·
ICICI Bank Limited, 1st Floor, Ganesh
Darshan Building, L.T. Road, Opposite Shri Sagar Hotel, Borivali West – 400
092, Maharashtra, India |
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Facilities : |
NOTES: Working Capital
is secured by first charge on Inventories and Debtors of the Company. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Bansal Bansal and Company Chartered Accountant |
|
Address : |
120 Building No.6, Mittal Idustrial Estate, Mumbai – 400 059,
Maharashtra, India |
|
Tel. No.: |
91-22-28507815/66923607/28507816 |
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Fax No.: |
91-22-28507816 |
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E-Mail : |
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PAN No.: |
AABFB5224E |
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Subsidiaries : |
·
East and West Clothing Private Limited [CIN No.: U29140MH1975PTC018072] ·
Macleods Pharma UK Limited, United Kingdom ·
Macleods Pharmaceuticals SA (PTY) Limited, South
Africa ·
Macleods Pharmaceuticals Limited, Peru S.A.C. ·
Macleods Pharmaceuticals Limited, Ukraine ·
Macleods Pharma USA, INC., United States |
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Associates : |
·
Macleods Laboratories Private Limited, India |
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|
Enterprises which are owned, or have significant influence of or are
partners with Key management Personnel and their relatives : |
·
Jindal Enterprises ·
Medico Distributors ·
Shree Adinath Enterprises ·
Oxalis Labs ·
Macleods Tashkent, Uzbek ·
Lance Financial Consultants Private Limitedwe |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs. 10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19960680 |
Equity Shares |
Rs. 10/- each |
Rs.199.607 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 |
|
199.607 |
199.607 |
|
(b) Reserves & Surplus |
|
8806.163 |
6318.052 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
9005.770 |
6517.659 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
19.508 |
20.312 |
|
(b) Deferred tax liabilities (Net) |
|
274.074 |
264.294 |
|
(c) Other long term liabilities |
|
79.450 |
79.304 |
|
(d) long-term provisions |
|
40.654 |
28.386 |
|
Total Non-current Liabilities (3) |
|
413.686 |
392.296 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1480.124 |
754.270 |
|
(b) Trade payables |
|
1259.888 |
1848.523 |
|
(c) Other current
liabilities |
|
686.569 |
755.933 |
|
(d) Short-term provisions |
|
4.694 |
186.017 |
|
Total Current Liabilities (4) |
|
3431.275 |
3544.743 |
|
|
|
|
|
|
TOTAL |
|
12850.731 |
10454.698 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2666.021 |
2421.561 |
|
(ii) Intangible Assets |
|
2.279 |
1.188 |
|
(iii) Capital
work-in-progress |
|
123.775 |
87.115 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
99.459 |
92.951 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1179.668 |
744.446 |
|
(e) Other Non-current assets |
|
67.479 |
1658.918 |
|
Total Non-Current Assets |
|
4138.681 |
5006.179 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2450.497 |
2705.776 |
|
(c) Trade receivables |
|
2575.356 |
1841.994 |
|
(d) Cash and cash
equivalents |
|
3080.621 |
474.823 |
|
(e) Short-term loans and
advances |
|
375.773 |
267.881 |
|
(f) Other current assets |
|
229.803 |
158.045 |
|
Total Current Assets |
|
8712.050 |
5448.519 |
|
|
|
|
|
|
TOTAL |
|
12850.731 |
10454.698 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
199.607 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4401.450 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4601.057 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
974.077 |
|
|
2] Unsecured Loans |
|
|
71.654 |
|
|
TOTAL BORROWING |
|
|
1045.731 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5646.788 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1907.111 |
|
|
Capital work-in-progress |
|
|
26.177 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
580.281 |
|
|
DEFERRED TAX ASSETS |
|
|
96.753 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1609.672 |
|
|
Sundry Debtors |
|
|
967.449 |
|
|
Cash & Bank Balances |
|
|
1669.811 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
783.880 |
|
Total
Current Assets |
|
|
5030.812 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1411.551
|
|
|
Other Current Liabilities |
|
|
30.949
|
|
|
Provisions |
|
|
551.845
|
|
Total
Current Liabilities |
|
|
1994.345 |
|
|
Net Current Assets |
|
|
3036.467 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5646.789 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
18253.630 |
14123.962 |
8905.032 |
|
|
|
|
Other Income |
239.016 |
156.741 |
218.273 |
|
|
|
|
TOTAL (A) |
18492.646 |
14280.703 |
9123.305 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Material Consumed |
6049.579 |
5617.835 |
|
|
|
|
|
Purchase of stock-in-trade |
1857.542 |
1313.879 |
|
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
98.450 |
(695.473) |
|
|
|
|
|
Employee benefit Expenses |
2460.840 |
1834.619 |
|
|
|
|
|
Other Expenses |
4860.368 |
3697.095 |
|
|
|
|
|
TOTAL (B) |
15326.779 |
11767.955 |
7485.363 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3165.867 |
2512.748 |
1637.942 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
72.873 |
21.019 |
37.858 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
3092.994 |
2491.729 |
1600.084 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
227.393 |
193.584 |
195.301 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
2865.601 |
2298.145 |
1404.783 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
145.501 |
149.402 |
72.139 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2720.100 |
2148.743 |
1332.644 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5874.193 |
4192.600 |
2956.585 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
275.000 |
235.000 |
50.000 |
|
|
|
|
Dividend |
199.610 |
199.610 |
39.921 |
|
|
|
|
Tax on Dividend |
32.380 |
32.540 |
6.708 |
|
|
|
BALANCE CARRIED
TO THE B/S |
8087.310 |
5874.193 |
4192.600 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB Value of Manufactured Goods Exported |
3376.106 |
3204.059 |
1752.335 |
|
|
|
TOTAL EARNINGS |
3376.106 |
3204.059 |
1752.335 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
1908.988 |
1581.995 |
|
|
|
|
|
Stores & Spares |
14.791 |
11.667 |
|
|
|
|
|
Capital Goods |
78.768 |
133.212 |
|
|
|
|
TOTAL IMPORTS |
2002.547 |
1726.874 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
136.27 |
107.65 |
66.8 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
14.71
|
15.05 |
14.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.70
|
16.27 |
15.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.18
|
29.20 |
20.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.35 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.17
|
0.12 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.54
|
1.54 |
2.52 |
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 |
Yes |
|
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 |
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 LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Members |
19.508 |
20.312 |
|
Short Term Borrowings |
|
|
|
From Members |
5.463 |
4.646 |
|
|
|
|
|
Total |
24.971 |
24.958 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10449202 |
19/09/2013 |
15,460,000.00 |
ICICI
BANK LIMITED |
1ST FLOOR,
GANESH DARSHAN BUILDING, L. T. ROAD, OPP. SHRI SAGAR HOTEL, BORIVALI WEST –
400 092, MAHARASHTRA, INDIA |
B85072510 |
|
2 |
10449114 |
19/09/2013 |
17,850,000.00 |
ICICI
BANK LIMITED |
1ST FLOOR,
GANESH DARSHAN BUILDING, L. T. ROAD, OPP. SHRI SAGAR HOTEL, BORIVALI WEST –
400 092, MAHARASHTRA, INDIA |
B85015006 |
|
3 |
10449057 |
19/09/2013 |
22,160,000.00 |
ICICI
BANK LIMITED |
1ST FLOOR,
GANESH DARSHAN BUILDING, L. T. ROAD, OPP. SHRI SAGAR HOTEL, BORIVALI WEST –
400 092, MAHARASHTRA, INDIA |
B84988856 |
|
4 |
10449059 |
19/09/2013 |
22,160,000.00 |
ICICI
BANK LIMITED |
1ST FLOOR,
GANESH DARSHAN BUILDING, L. T. ROAD, OPP. SHRI SAGAR HOTEL, BORIVALI WEST –
400 092, MAHARASHTRA, INDIA |
B84990639 |
|
5 |
90224199 |
18/12/2000
* |
2,950,000.00 |
STATE
BANK OF INDIA |
MALAD
BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date
of charge modification
FIXED ASSETS:
· Land
·
· Plant and Machinery
· Vehicles
· Training
· Office Equipment
· Factory Equipments
·
Computers
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.61.79 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
62 |
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.