MIRA INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALCHEM INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
301, Avalon Apartments, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.04.1982 |
|
|
|
|
Com. Reg. No.: |
55-13415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1982PLC013415 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA03276A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA2251L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Drugs and Drug Intermediates. |
|
|
|
|
No. of Employees
: |
300 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2576000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Sales and profit margins of the company appears to be decent. Overall
fundamentals of the company appear to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
regular. The company can be considered for 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) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
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
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
20.11.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A2+ |
|
Rating Explanation |
Strange degree of safety and low credit
risk. |
|
Date |
20.11.2012 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Neha Gupta |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-26803500 |
|
Date : |
18.10.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
301, Avalon Apartments, |
|
Tel. No.: |
91-11-26803500/ 004/ 26808420 |
|
Mobile No.: |
91-9899168020 (Ms. Divya Mehta) |
|
Fax No. : |
91-11-26808420/ 31/ 26801170 |
|
E-Mail : |
alchem.intl@elnet.ems.vsnl.net.in
raman.mehta@elnet.ems.vsnl.net.in finance@alcheminternational.com |
|
Website : |
|
|
Area : |
2700 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
25/2, |
|
Tel. No.: |
91-129-4266000 |
|
Fax No.: |
91-129-2307192 |
|
Area : |
12 hectors |
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ramesh Kumar |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
25/2, Mathura Road, Faridabad-121 003, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1954 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1992 |
||||||||||||||||||||||||
|
Din No.: |
01323691 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Mahendra Kumar Bali |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
A-2, 240, Janakpuri, New Delhi-110 058, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1940 |
||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2001 |
||||||||||||||||||||||||
|
Din No.: |
01323703 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Prabir Sen Gupta |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
House No. 3294, Sector 3, Ballabgarh, Faridabad-121004, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.10.1957 |
||||||||||||||||||||||||
|
Date of Appointment : |
21.06.1989 |
||||||||||||||||||||||||
|
Din No.: |
01331914 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Neha Gupta |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Raman Mehta |
|
373580 |
|
Nidhi Mehta |
|
46110 |
|
Bharat Mehta |
|
25670 |
|
Raman Mehta (HUF) |
|
70 |
|
Neha Mehta |
|
24750 |
|
Divya Mehta |
|
24750 |
|
Nidhi Mehta Family Trust, India |
|
70 |
|
|
|
|
|
Total |
|
495000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Other top fifty shareholders |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Drugs and Drug Intermediates. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2010]
|
Particulars |
Unit |
Actual
Production |
|
Drugs, drugs intermediates extracts and alkaloids etc. |
Kg. |
73354.913 |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
300 [Approximately] |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Overseas Branch, Jawahar
Vyapar Bhawan, 1, Tolstoy Marg, New Delhi – 110 001, India ·
Citi Bank, New Delhi, India · Chinatrust Commercial Bank, 21-A, Janpath, New Delhi – 110 001, India ·
IDBI Bank Limited, Siri ·
Bank of Punjab Limited, · ABN Amro Bank, N.V, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110 001, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
NOTE: a)
Secured against stock Rs.56.141 Millions and
Rs.82.223 Millions b)
Secured against stocks (Packing Credit) 452.361
Millions and 346.273 Millions c)
Bill Purchase Rs.53.002 Millions and Rs.33.063
Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions
: |
ECL Finance Limited, Edelweiss House, Office C.S.T Road, Kalina,
Mumbai – 400 098, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Chopra and Company Chartered Accountants |
|
Address : |
105, Jyoti Bhavan, Commercial Complex, Mukherjee Nagar, |
|
Tel. No.: |
91-11-27652776/ 27652091 |
|
Fax No.: |
91-11-27650155 |
|
E-Mail : |
|
|
Pan No.: |
AAAFJ3015L |
|
|
|
|
Associates : |
·
Lepro Herbals Private Limited, India
[U74899DL1991PTC045667] ·
Twin Multiflora Private Limited, India
[U01119DL2000PTC103530] |
|
|
|
|
Subsidiaries : |
·
Alchem International (Hong kong) Limited, Hong
kong ·
Alchem Phytoceuticals Limited, India
[U24119DL2006PLC150185] |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
495000 |
Equity Shares |
Rs. 100/- each |
Rs.49.500 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 |
|
49.500 |
25.000 |
|
(b) Reserves & Surplus |
|
594.529 |
555.985 |
|
(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) |
|
644.029 |
580.985 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
102.583 |
151.437 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
19.292 |
13.605 |
|
Total Non-current
Liabilities (3) |
|
121.875 |
165.042 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
575.235 |
475.595 |
|
(b) Trade
payables |
|
339.441 |
241.154 |
|
(c) Other
current liabilities |
|
856.640 |
674.092 |
|
(d) Short-term
provisions |
|
18.547 |
10.703 |
|
Total Current
Liabilities (4) |
|
1789.863 |
1401.544 |
|
|
|
|
|
|
TOTAL |
|
2555.767 |
2147.571 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
862.712 |
617.898 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
69.103 |
146.406 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.987 |
0.987 |
|
(c) Deferred tax assets (net) |
|
3.181 |
6.387 |
|
(d) Long-term Loan and Advances |
|
27.381 |
37.857 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
963.364 |
809.535 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
974.408 |
795.030 |
|
(c) Trade
receivables |
|
249.662 |
219.122 |
|
(d) Cash
and cash equivalents |
|
55.793 |
83.794 |
|
(e)
Short-term loans and advances |
|
296.699 |
230.021 |
|
(f) Other
current assets |
|
15.841 |
10.069 |
|
Total
Current Assets |
|
1592.403 |
1338.036 |
|
|
|
|
|
|
TOTAL |
|
2555.767 |
2147.571 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
564.116 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
567.616 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
726.869 |
|
|
2] Unsecured Loans |
|
|
74.746 |
|
|
TOTAL BORROWING |
|
|
801.615 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1369.231 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
565.039 |
|
|
Advance against Fixed Assets |
|
|
8.781
|
|
|
Capital work-in-progress |
|
|
4.143 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.987 |
|
|
DEFERREX TAX ASSETS |
|
|
7.023 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1137.771
|
|
|
Sundry Debtors |
|
|
176.028
|
|
|
Cash & Bank Balances |
|
|
93.779
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
198.516
|
|
Total
Current Assets |
|
|
1606.094
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
320.802
|
|
|
Other Current Liabilities |
|
|
465.622
|
|
|
Provisions |
|
|
36.412
|
|
Total
Current Liabilities |
|
|
822.836
|
|
|
Net Current Assets |
|
|
783.258
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1369.231 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1775.581 |
1691.411 |
1642.195 |
|
|
|
|
Other Income |
58.444 |
15.906 |
11.907 |
|
|
|
|
TOTAL (A) |
1834.025 |
1707.317 |
1654.102 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
793.308 |
708.171 |
|
|
|
|
|
Purchases of stock-in-trade |
34.815 |
34.513 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(38.615) |
158.387 |
|
|
|
|
|
Employee benefit Expenses |
237.744 |
208.694 |
|
|
|
|
|
Other Expenses |
508.376 |
403.883 |
|
|
|
|
|
TOTAL (B) |
1535.628 |
1513.648 |
1472.762 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
298.397 |
193.669 |
181.340 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
61.926 |
57.834 |
48.750 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
236.471 |
135.835 |
132.590 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
143.469 |
107.956 |
83.520 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
93.002 |
27.879 |
49.070 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
24.205 |
10.137 |
18.263 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
68.797 |
17.742 |
30.807 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
367.486 |
354.117 |
324.128 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Dividend |
5.753 |
4.373 |
0.818 |
|
|
|
BALANCE CARRIED
TO THE B/S |
430.530 |
367.486 |
354.117 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings on FOB Basis |
1476.257 |
1406.731 |
NA |
|
|
|
TOTAL EARNINGS |
1476.257 |
1406.731 |
NA |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
236.528 |
159.206 |
164.804 |
|
|
|
|
Stores & Spares |
0.425 |
0.149 |
6.635 |
|
|
|
|
Capital Goods |
0.006 |
0.008 |
0.208 |
|
|
|
TOTAL IMPORTS |
236.959 |
159.363 |
171.647 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
138.98 |
70.97 |
880.21 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.75
|
1.04 |
1.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.24
|
1.65 |
2.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79
|
1.43 |
2.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.05
|
1.08 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89
|
0.95 |
1.95 |
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 |
Yes |
|
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 |
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from 201, Empire Plazamehrauli, Gurgaon Road, Sultanpur, Delhi – 110
030, India to the present address w.e.f. 26.03.2007
SUBSIDIARY
COMPANY:
The Company has two 100 % subsidiary namely Alchem International (H.K.)
Limited and Alchem Phytoceuticals Limited. The Financial Statements of Alchem
International (H.K.)) Limited for the year ended 30th Sep 2011 along
with reports of Directors and Auditors is enclosed. Since Alchem Phytoceuticals
Limited commences its business on Sixth June Two Thousand Seven and there is no
income for the financial year ended 31st March 2012 hence an expense
of Rs.0.018 Million has been carry forward as loss resulting into carry forward
of total loss for Rs. 0.315 Millions.
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Members |
65.266 |
59.327 |
|
Short Term Borrowings |
|
|
|
From Members |
13.732 |
14.036 |
|
|
|
|
|
Total |
78.998 |
73.363 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10432207 |
11/06/2013 |
95,000,000.00 |
ECL
FINANCE LIMITED |
EDELWEISS
HOUSE, OFF. C.S.T ROAD, KALINA, MUMBAI – 400 098, |
B77564581 |
|
2 |
10244920 |
14/09/2010 |
20,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON
HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI – 400 020,
MAHARASHTRA, INDIA |
A96580253 |
|
3 |
10223968 |
12/05/2010 |
9,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON
HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI – 400 020,
MAHARASHTRA, INDIA |
A87111332 |
|
4 |
80000449 |
06/03/2013
* |
597,800,000.00 |
STATE
BANK OF INDIA |
OVERSEAS
BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI – 110 001, INDIA |
B72100381 |
|
5 |
80052175 |
27/02/2009
* |
80,000,000.00 |
CITI
BANK N.A. |
JEEVAN
VIHAR, 3, SANSAD MARG, NEW DELHI – 110 001, INDIA |
A58967670 |
* Date
of charge modification
FIXED ASSETS:
·
Land
·
Factory Building
·
Lab Apparatus
·
Computer Accessories
·
Road Development
·
Electrical Fittings and
Equipments
·
Machinery and Equipments
·
Air Conditioner
·
Vehicles
·
Office Equipments
·
Pollution Treatment Plant
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
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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.