|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACG PHARMAPACK PRIVATE LIMITED (w.e.f. 11.01.2008) |
|
|
|
|
Formerly Known
As : |
PRIKARNA PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1001, Dalamal House, 10th Floor, Nariman Point, Mumbai –
400 021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.12.2004 |
|
|
|
|
Com. Reg. No.: |
11-149770 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 85.463 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2004PTC149770 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA11035D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA0550D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Blist Pack Films. |
|
|
|
|
No. of Employees
: |
Information declined by management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be low. However, trade relation reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing with some caution. |
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) |
|
|
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
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
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.
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
MANAGEMENT NON CO-OPERATIVE (91-2169-305252)
LOCATIONS
|
Registered Office/ Corporate Headquarters : |
1001, Dalamal House, 10th Floor, Nariman Point, Mumbai –
400 021, |
|
Tel. No.: |
91-22-22872557/ 30089444/ 45 |
|
Fax No.: |
91-22-22872560 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Shindewadi, Taluka Khandala, Shirwal, District Satara – 412 801, |
|
Tel. No.: |
91-2169-244001/ 305252 |
|
Fax No.: |
91-2169-244379/ 305218 |
|
E-Mail : |
|
|
|
|
|
Sales/ |
|
|
Tel No.: |
91-22-26780127/ 26791955/ 26789642 |
|
Fax No.: |
91-22-26783244 |
|
Email : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ajit Daljit Singh |
|
Designation : |
Director |
|
Address : |
1-A, |
|
Date of Birth/Age : |
20.11.1941 |
|
Qualification : |
M.A (CANTAB) and Post Graduate work at |
|
Date of Appointment : |
01.12.2004 |
|
PAN No.: |
AAIPS7652Q |
|
DIN No.: |
00915347 |
|
|
|
|
Name : |
Mr. Jasjit Daljit Singh |
|
Designation : |
Director |
|
Address : |
2-B, Swapnalok, |
|
Date of Birth/Age : |
03.04.1943 |
|
Qualification : |
B.E (Mechanical) |
|
Date of Appointment : |
01.12.2004 |
|
PAN No.: |
AAGPS7557Q |
|
DIN No.: |
00901470 |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Ganpat Nagool |
|
Designation : |
Company Secretary |
|
Address : |
A-302, Centre Point, Opposite TMC, Panchpakhadi, Thane – 400 602, |
|
Date of Birth/Age : |
14.11.1956 |
|
Date of Appointment : |
21.05.2008 |
|
PAN No.: |
AAAPM1770C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Associated Capsules Private Limited, |
|
4900 |
|
Ajit Singh Nominee of Associated Capsules Private Limited,
|
|
100 |
|
Associated Capsules Private Limited, |
|
4900 |
|
Jasjit Singh Nominee of Associated Capsules Private
Limited, |
|
100 |
|
Jasjit Singh HUF |
|
12765 |
|
Kavita Jasjit Singh |
|
3780 |
|
Nandini Jasjit Singh |
|
1980 |
|
Singh Family Trust |
|
180 |
|
Sardar Daljit Singh HUF |
|
5580 |
|
MNT Will Trust |
|
180 |
|
Priya Jasjit Singh |
|
1980 |
|
Karan Jasjit Singh |
|
1980 |
|
Jasjit Daljit Singh |
|
228733 |
|
Ajit Daljit Singh |
|
251398 |
|
Packshield India Private Limited, |
|
539720 |
|
TOTAL |
|
1058276 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
AE Advisors Private Limited, |
|
7488000 |
|
TOTAL |
|
7488000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
51.94 |
|
Directors or relatives of Directors |
48.06 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Blist Pack Films. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor Nayak and Kishnadwala Chartered Accountant |
|
Address : |
5th Floor,Narain, Chambers, M.G. Road, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
PAN.: |
AACFC8587E |
|
|
|
|
Holding Company : |
Packshield India
Private Limited, (CIN No.: U28129MH2003PTC139916) |
|
|
|
|
Jointly
Controlled Entities : |
v
ACG Hongkong Limited v
ACG Do |
|
|
|
|
Companies / Firms over which the Directors
have significant influence or control : |
Companies v
ACG Arts and Properties Private Limited v
ACG Ajas Components Private Limited v
ACG Pampac Machines Private Limited v
ACG Real Estate Private Limited (formerly Trambak
Developers Private Limited) v
Pam Inteck Machines Private Limited v
ACG Korsch Compression Technologies Private
Limited v
Nepean Holdings Private Limited v
Scitech Centre v
ACG Pam Glatt Pharma Technologies Private Limited v
EH Advisors and Consultants Private Limited v
AE Advisors Private Limited Foreign
Companies v
ACG v
PT. Universal Capsules Indonesia INC v
Universal Capsules Philippines Inc v
Amiricaps v
Symtech International Limited, v
First Ventures Limited, v
Transworld Investments Limited, v
ACG Europe Limited v
ACG Holding B.V, v
Lukaps d.o.o, Firms v
Aries Components Mfg and Co v
Bulk Buyers v
Capsulabs v
Centercops v
Pharmagents HUF v
Jasjit Singh (HUF) v
Sardar Daljit Singh (HUF) TRUSTS v
CNS Trust v
MNT Will Trust v
Singh Family Trust PROPRIETORSHIP v
Reflection |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
· ACG Associated Capsules Private Limited CIN No.: U24239MH1961PTC012061 · ACG Inspection Systems Private Limited CIN No.: U72300MH2009PTC192362 · ACG Pam Pharma Technologies Private Limited CIN No.: U24239MH1972PTC015632 · AE Advisors Private Limited · Custom Capsules Private Limited CIN No.: U24235MH1988PTC048924 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
9500000 |
Preference Shares |
Rs. 10/- each |
Rs. 95.000 Millions |
|
|
TOTAL
|
|
Rs.110.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1058276 |
Equity Shares |
Rs.10/- each |
Rs.10.583
Millions |
|
7488000 |
Preference Shares |
Rs.10/- each |
Rs.74.880
Millions |
|
|
TOTAL |
|
Rs.85.463 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 |
|
85.463 |
104.184 |
|
(b) Reserves & Surplus |
|
554.747 |
545.021 |
|
(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) |
|
640.210 |
649.205 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
121.812 |
148.377 |
|
(b) Deferred tax
liabilities (Net) |
|
16.487 |
11.179 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
7.714 |
6.975 |
|
Total
Non-current Liabilities (3) |
|
146.013 |
166.531 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
358.063 |
245.339 |
|
(b)
Trade payables |
|
146.753 |
80.467 |
|
(c)
Other current liabilities |
|
60.651 |
56.542 |
|
(d)
Short-term provisions |
|
6.623 |
53.131 |
|
Total
Current Liabilities (4) |
|
572.090 |
435.479 |
|
|
|
|
|
|
TOTAL |
|
1358.313 |
1251.215 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
499.986 |
513.039 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
2.409 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
1.299 |
1.299 |
|
(c)
Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
15.952 |
7.160 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
519.646 |
521.498 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
283.456 |
201.276 |
|
(c)
Trade receivables |
|
454.033 |
423.465 |
|
(d)
Cash and cash equivalents |
|
2.046 |
2.355 |
|
(e)
Short-term loans and advances |
|
94.695 |
98.038 |
|
(f)
Other current assets |
|
4.437 |
4.583 |
|
Total
Current Assets |
|
838.667 |
729.717 |
|
|
|
|
|
|
TOTAL |
|
1358.313 |
1251.215 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
104.184 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
553.694 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
657.878 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
265.141 |
|
|
2] Unsecured Loans |
|
|
95.644 |
|
|
TOTAL BORROWING |
|
|
360.785 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.573 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1023.236 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
514.375 |
|
|
Capital work-in-progress |
|
|
13.102 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.238 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
138.561
|
|
|
Sundry Debtors |
|
|
369.355
|
|
|
Cash & Bank Balances |
|
|
1.236
|
|
|
Other Current Assets |
|
|
94.510
|
|
|
Loans & Advances |
|
|
67.613
|
|
Total
Current Assets |
|
|
671.275
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
90.761
|
|
|
Other Current Liabilities |
|
|
46.859
|
|
|
Provisions |
|
|
39.134
|
|
Total
Current Liabilities |
|
|
176.754
|
|
|
Net Current Assets |
|
|
494.521
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1023.236 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
NET TURNOVER |
|
1924.000 |
1588.700 |
|
|
|
|
|
|
|
|
EXPENSES |
|
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
92.000 |
109.800 |
|
|
|
|
|
|
|
Less |
INTEREST COST |
|
29.400 |
27.600 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
62.600 |
82.200 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
47.600 |
45.100 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
15.000 |
37.100 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.300 |
6.600 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
9.700 |
30.500 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
8.800 |
20.600 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
General Reserve |
|
0.000 |
3.100 |
|
|
Dividend on
Preferences Shares |
|
0.000 |
39.200 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
18.500 |
8.800 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
596.300 |
417.300 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
9.73 |
0.29 |
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
GROSS TURNOVER |
|
|
1245.000 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
24.000 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST COST |
|
|
11.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
12.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
35.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
(22.900) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
(3.300) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
(19.600) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
|
40.200 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
20.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
|
|
342.919 |
|
|
|
Agency Commission |
|
|
13.322 |
|
|
TOTAL EARNINGS |
|
|
356.241 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
478.000 |
|
|
|
Stores & Spare Parts |
|
|
0.000 |
|
|
|
Capital Goods |
|
|
56.605 |
|
|
|
Others |
|
|
2.876 |
|
|
TOTAL IMPORTS |
|
|
537.481 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
(18.54) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.11
|
2.44
|
(1.93)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.05
|
(0.03)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.75
|
0.61
|
0.55
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.85
|
3.74
|
3.80
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
10187399 |
03/11/2009 |
50,000,000.00 |
HDFC
BANK LIMITED |
4TH FLOOR
MILLENIUM TOWERS, BHANDARKAR ROAD, PUNE - 411004, MAHARASHTRA, INDIA |
A73888133 |
|
2 |
10200491 |
24/06/2011
* |
380,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013,
MAHARASHTRA, INDIA |
B18421784 |
|
3 |
10123785 |
15/11/2011
* |
530,000,000.00 |
Standard
Chartered Bank |
CRESCENZO,
3A/F, PLOT NO. C-38 & 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST,
MUMBAI - 400051, MAHARASHTRA, INDIA |
B28403335 |
|
* Date of charge modification |
||||||
UNSECURED LOAN
|
|
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Deferred payment liabilities |
95.643 |
95.643 |
|
TOTAL |
95.643 |
95.643 |
CONTINGENT LIABILITIES
Rs in Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Open letters of Credit as at 31.03.2012 issued in favour of vendors to the extent materials not received till the year end. Obligation |
92.234 |
114.392 |
FIXED ASSETS
·
Office Equipments
·
Motor Cars
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.61.49 |
|
|
1 |
Rs.99.41 |
|
Euro |
1 |
Rs.84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.