|
Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
FRESENIUS KABI INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-3, MIDC, Ranjangaon Ganpati, Taluka Shirur, Ranjangaon, District
Pune - 412220, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.02.1995 |
|
|
|
|
Com. Reg. No.: |
25-014017 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 636.286
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231PN1995PTC014017 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEF00178D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2614E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Distributor of Pharmaceutical Products
and Medical Devices. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 2666000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Liquidity position of the company is adversely affected due to continuous
loss incurred by the company from its operations. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Amol Kulkarni |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-2138-232284 |
|
Date : |
30.09.2013 |
LOCATIONS
|
Registered Office/ Factory : |
A-3, MIDC, Ranjangaon Ganpati, Taluka Shirur, Ranjangaon, District Pune
- 412220, Maharashtra, India |
|
Tel. No.: |
91-2138-232283-5/ 671600 |
|
Fax No.: |
91-2138-232282 |
|
E-Mail : |
dharmesh.thaker@fresenius-kabi.com
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Echelon Institutional Area, Plot No-11, Sector 32, Gurgaon - 122001,
Haryana, India |
|
Tel. No.: |
91-124-4885000/ 3325000 |
|
Fax No.: |
91-124-4885003 |
|
|
|
|
Mumbai Office : |
301, 3rd Floor , Wagh Apartments, 3 Park Road, Vile Parle (East),
Mumbai - 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26171047 |
|
Fax No.: |
91-22-26135406 |
|
E-Mail : |
|
|
|
|
|
Pune Office : |
5th Floor, A-wing, Ashoka Plaza, Pune-Nagar Road, Survey
No.32/2, Vadgaon Sheri, Viman Nagar, Pune - 411014, Maharashtra, India |
|
Tel. No.: |
91-20-26634701-707 |
|
Fax No.: |
91-20-26634710 |
|
|
|
|
Headquarters
of Region |
Rm 5101-23, 51/F Sun Hung Kai
Centre, |
|
Tel. No.: |
+852 2116 2683 |
|
Fax No.: |
+852 2116 3420 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Abhay Gajanan Joshi |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 403, A Wing, Om Avishkar Housing Society, Sneh Paradise, Paud
Road, Pune – 411038, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1956 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
00027226 |
|
|
|
|
Name : |
Mr. Satish Bapusaheb Kulkarni |
|
Designation : |
Director |
|
Address : |
308, Espace Nirvana Country, Sector 50, Gurgaon - 122003, Haryana,
India |
|
Date of Birth/Age : |
03.12.1965 |
|
Date of Appointment : |
20.10.2011 |
|
DIN No.: |
00309263 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
202, Auriga, Zicron Apartment, Viman Nagar, Pune – 411014,
Maharashtra, India |
|
Date of Birth/Age : |
21.05.1964 |
|
Qualification : |
B.Sc., FCA, CPA, CIA |
|
Experience : |
24 Years |
|
Date of Appointment : |
10.07.2009 |
|
PAN No.: |
AAHPG4706C |
|
DIN No.: |
02295921 |
|
|
|
|
Name : |
Juergen Wolfgang Lauterbach |
|
Designation : |
Director |
|
Address : |
Flat B 12 F, Tower 3, 68, |
|
Date of Birth/Age : |
15.01.1969 |
|
Date of Appointment : |
06.10.2010 |
|
DIN No.: |
03277553 |
|
|
|
|
Name : |
Christoph Wilhelm Funke |
|
Designation : |
Director |
|
Address : |
Buchenstrasse 8 Emmeln Haren EMS Germany 49733 |
|
Date of Birth/Age : |
06.03.1968 |
|
Date of Appointment : |
23.04.2012 |
|
DIN No.: |
05258462 |
|
|
|
|
Name : |
Subrroto Banerjee |
|
Designation : |
Managing director |
|
Address : |
Row House, 49 Konark Pooram, Kondhwa KD, Pune – 411048, Maharashtra,
India |
|
Date of Birth/Age : |
11.11.1958 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
05345071 |
KEY EXECUTIVES
|
Name : |
Mr. Amol Laxman Kulkarni |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. D9, Sakhai Plaza, S.No.87/15B, Pune – 411038, Maharashtra,
India |
|
Date of Birth/Age : |
06.10.1979 |
|
Date of Appointment : |
26.08.2009 |
|
PAN No.: |
AQCPK8468Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Fresenius Kabi AG, Germany |
|
59128620 |
|
Fresenius Kabi Deutschland GmbH, Germany |
|
4500010 |
|
|
|
|
|
Total |
|
63628630 |
AS ON 28.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Distributor of Pharmaceutical Products
and Medical Devices. |
||||
|
|
|
||||
|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2012)
|
Licensed and
installed capacity (as certified by the management) |
31.03.2012 |
|
Intravenous fluids |
42000000 |
Note:
Licensed capacity
is not stated in view of abolition of industrial licensing for the products manufactured
by the Company.
Installed capacity is per annum as certified by management.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Deutsche Bank, Hazarimal Somani Marg, Fort, Mumbai - 400001,
Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-30585764/ 30585765 |
|
Fax No.: |
91-20-30585775 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Holding company : |
Fresenius Kabi AG |
|
|
|
|
Fellow Subsidiary
company : |
· Fresenius Kabi Austria Gmbh · Fresenius Kabi Medical Care · Fresenius Kabi (Singapore) Limited · Sino Swed Pharmaceutical Corp. · Fresenius Kabi Korea Limited · Fresenius Kabi Asia Pacific · Fresenius Kabi Deutschland GmBH · Fresenius Kabi Singapore PTE Limited · Fresenius Kabi Thailand Limited · Fresenius Medical Care India Private Limited [U24231DL2006FTC147436] · Fresenius Kabi Oncology Limited [L24231DL2003PLC119441] · Fresenius Netcare GmbH ·
Fresenius Kabi AB Sweden |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
63,628,630 |
Equity Shares |
Rs. 10/- each |
Rs. 636.286
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 |
|
636.286 |
636.286 |
|
(b) Reserves & Surplus |
|
30.132 |
107.822 |
|
(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) |
|
666.418 |
744.108 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
109.603 |
107.417 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
6.300 |
6.550 |
|
(d)
long-term provisions |
|
51.476 |
20.537 |
|
Total
Non-current Liabilities (3) |
|
167.379 |
134.504 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
299.834 |
227.603 |
|
(b)
Trade payables |
|
532.066 |
284.212 |
|
(c)
Other current liabilities |
|
52.298 |
123.628 |
|
(d)
Short-term provisions |
|
194.554 |
158.448 |
|
Total
Current Liabilities (4) |
|
1078.752 |
793.891 |
|
|
|
|
|
|
TOTAL |
|
1912.549 |
1672.503 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
641.798 |
517.002 |
|
(ii)
Intangible Assets |
|
4.436 |
5.267 |
|
(iii)
Capital work-in-progress |
|
0.000 |
15.953 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
61.061 |
35.312 |
|
(e)
Other Non-current assets |
|
8.456 |
7.267 |
|
Total
Non-Current Assets |
|
715.751 |
580.801 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
641.270 |
400.453 |
|
(c)
Trade receivables |
|
461.766 |
286.144 |
|
(d)
Cash and cash equivalents |
|
15.513 |
26.861 |
|
(e)
Short-term loans and advances |
|
78.249 |
378.244 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1196.798 |
1091.702 |
|
|
|
|
|
|
TOTAL |
|
1912.549 |
1672.503 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
636.286 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
625.713 |
|
|
4] (Accumulated Losses) |
|
|
(484.380) |
|
|
NETWORTH |
|
|
777.619 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
8.586 |
|
|
2] Unsecured Loans |
|
|
380.736 |
|
|
TOTAL BORROWING |
|
|
389.322 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1166.941 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
556.080 |
|
|
Capital work-in-progress |
|
|
1.411 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.051 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
315.508 |
|
|
Sundry Debtors |
|
|
259.347 |
|
|
Cash & Bank Balances |
|
|
18.898 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
402.386 |
|
Total
Current Assets |
|
|
996.139 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
206.696 |
|
|
Other Current Liabilities |
|
|
161.075 |
|
|
Provisions |
|
|
18.969 |
|
Total
Current Liabilities |
|
|
386.740 |
|
|
Net Current Assets |
|
|
609.399 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1166.941 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
2691.107 |
1896.972 |
1646.354 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2697.818 |
1840.893 |
1572.804 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(6.711) |
56.079 |
73.550 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
23.698 |
21.787 |
23.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(30.409) |
34.292 |
49.999 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
47.280 |
67.803 |
115.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(77.689) |
(33.511) |
(65.110) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(77.689) |
(33.511) |
(65.110) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
351.940 |
382.352 |
338.230 |
|
|
|
Others |
0.000 |
64.642 |
9.781 |
|
|
TOTAL EARNINGS |
351.940 |
446.994 |
348.011 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material and Packing Material |
188.527 |
136.884 |
128.538 |
|
|
|
Traded Goods |
656.629 |
585.070 |
526.534 |
|
|
TOTAL IMPORTS |
845.156 |
721.954 |
655.072 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(1.22) |
(0.53) |
(1.02) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.89)
|
(1.77)
|
(3.95)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.06)
|
(2.02)
|
(4.19)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.12)
|
(0.05)
|
(0.08)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.61
|
0.45 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.38 |
2.58 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
3.934 |
91.008 |
NA |
|
|
|
|
|
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90086897 |
26/07/2004 |
17,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, WAKDEWADI, PUNE - 411003, MAHARASHTRA, INDIA |
- |
|
2 |
80062948 |
09/05/1997 |
27,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, WAKDEWADI, PUNE - 411003, MAHARASHTRA, INDIA |
- |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Foreign currency term loans from others |
82.009 |
75.888 |
|
Deferred payment liabilities |
27.594 |
31.529 |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
290.884 |
215.979 |
|
|
|
|
|
Total |
400.487 |
323.396 |
Note:
The Registered office of the company has been
shifted from Heritage House, 6-E, Ramabai Ambedkar Road, Pune - 411001, Maharashtra,
India to the present address w.e.f.01.07.2011.
BACKGROUND
Fresenius AG had established its business operations in India through a joint venture namely Fresenius Mafatlal Medicals Limited (FMML). In 1998, Fresenius Kabi AG acquired 100% equity interest in this joint venture and accordingly it was renamed as Fresenius Kabi India Private Limited (‘FKIPL’ or ‘the Company’).
The Company is engaged primarily in production and
distribution of intravenous fluids, medical devices, and oncology drugs which
is broadly classified under one business i.e. catering to the healthcare
segment
FIXED ASSETS:
·
Land
·
Buildings
·
Other building
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
· Motor vehicles
·
Office equipment
·
Other equipments
·
Leasehold improvements
·
Computer software
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. 62.78 |
|
|
1 |
Rs. 101.42 |
|
Euro |
1 |
Rs. 84.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.