MIRA
INFORM REPORT
|
Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPRIYA LIFESCIENCE LIMITED |
|
|
|
|
Registered
Office : |
207/208, Udyog Bhavan, |
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|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
26.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180452 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 32.526 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PLC180452 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS59819E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS8686A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Marketer of APIs and Drug Intermediates. |
|
|
|
|
No. of Employees
: |
Not Available |
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 870000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established company having a good track record. It
has recorded better growth in its sales turnover and profits during 2012. Trade
relations are reported to be decent. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered for good 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 |
SME 2 |
|
Rating Explanation |
High credit quality and very low credit risk. |
|
Date |
19.02.2013 |
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 / Corporate Office : |
207/208, Udyog Bhavan, |
|
Tel. No.: |
91-22-40332727 / 66942507 |
|
Fax No.: |
91-44-26860011 |
|
E-Mail : |
accounts@supriyalifescience.com |
|
Website : |
|
|
|
|
|
Factory : |
A-5/2 Lote Parshuram Industrial Area, MIDC, Chiplun, Taluka Khed,
District Ratnagiri – 415722,
Maharashtra |
|
Tel. No.: |
91-2356-272299 |
|
Fax No.: |
91-2356-272178 |
|
Email : |
DIRECTORS
As on 10.09.2012
|
Name : |
Mr. Satish Waman Wagh |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
4 Prabhas, Plot No.9, H. |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.12.1955 |
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|
Date of Appointment : |
01.06.2008 |
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|
DIN No.: |
01456982 |
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|
Other
Directorship :
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Asha Waman Wagh |
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|
Designation : |
Whole-time Director |
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|
Address : |
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|
Date of Birth/Age : |
19.05.1932 |
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|
Date of Appointment : |
01.06.2008 |
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|
DIN No.: |
00833849 |
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Other
Directorship :
|
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Smita Satish Wagh |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
4 Prabhas, Plot No.9, H. |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.05.1958 |
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|
Date of Appointment : |
01.06.2008 |
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|
DIN No.: |
00833912 |
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|
Other
Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Satish Waman Wagh |
|
3225300 |
|
Asha Waman Wagh |
|
6500 |
|
Smita Satish Wagh |
|
14300 |
|
Kavita Waman Desai |
|
325 |
|
Dr. Shankar Sitaram Karmarkar |
|
2925 |
|
Deepak Ganpat Chavan |
|
325 |
|
Dilip Vadilal Talsania |
|
325 |
|
Sonali Satish Wagh |
|
1300 |
|
Shivani Satish Wagh |
|
1300 |
|
Total |
|
3252600 |
As on 10.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.88 |
|
Other top fifty shareholders |
0.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketer of APIs and Drug Intermediates. |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Actual Production |
|
|
|
|
|
Bulk Drugs |
MT |
401.469 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
Bankers : |
· The Saraswat Cooperative Bank Limited, SME Vile Parle Branch, Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
· Siemens Financial Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai - 400018, Maharashtra, India · Citi Bank N.A., Cititower, 61, Dr. S. S. Rao Road, Parel, Mumbai - 400012, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
P. K. Mutha and Company Chartered Accountant |
|
Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder (West),
Mumbai-400003, Maharashtra, India |
|
Tel No.: |
91-22-23436467 / 23414361 |
|
Fax No.: |
91-22-66336963 |
|
Email : |
|
|
PAN No.: |
AAFPM3396L |
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|
|
|
Related Parties : |
Swastik Industries |
CAPITAL STRUCTURE
After 10.09.2012
Authorised Capital : Rs. 100.000
Millions
Issued, Subscribed & Paid-up Capital : 48.789 Millions
As on 10.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3252600 |
Equity Shares |
Rs.10/- each |
Rs.32.526 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 |
|
32.526 |
2.502 |
|
(b) Reserves & Surplus |
|
177.037 |
163.247 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
7.682 |
23.557 |
|
Total
Shareholders’ Funds (1) + (2) |
|
217.245 |
189.306 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
94.043 |
92.558 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
94.043 |
92.558 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
259.203 |
149.656 |
|
(b) Trade payables |
|
205.499 |
152.844 |
|
(c) Other current
liabilities |
|
22.133 |
36.540 |
|
(d) Short-term provisions |
|
18.022 |
10.326 |
|
Total Current Liabilities (4) |
|
504.857 |
349.366 |
|
|
|
|
|
|
TOTAL |
|
816.145 |
631.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
318.733 |
292.614 |
|
(ii) Intangible Assets |
|
0.103 |
0.205 |
|
(iii) Capital
work-in-progress |
|
3.896 |
4.241 |
|
(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 |
|
3.315 |
3.155 |
|
(e) Other Non-current assets |
|
0.218 |
0.110 |
|
Total Non-Current Assets |
|
326.265 |
300.325 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
244.842 |
147.469 |
|
(c) Trade receivables |
|
157.405 |
122.536 |
|
(d) Cash and cash
equivalents |
|
23.386 |
13.498 |
|
(e) Short-term loans and
advances |
|
64.247 |
47.402 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
489.880 |
330.905 |
|
|
|
|
|
|
TOTAL |
|
816.145 |
631.230 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.502 |
|
|
2] Share Application Money |
|
|
31.260 |
|
|
3] Reserves & Surplus |
|
|
53.144 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
86.906 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
202.329 |
|
|
2] Unsecured Loans |
|
|
8.080 |
|
|
TOTAL BORROWING |
|
|
210.409 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.044 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
308.359 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
200.072 |
|
|
Capital work-in-progress |
|
|
9.756 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
94.794 |
|
|
Sundry Debtors |
|
|
78.421 |
|
|
Cash & Bank Balances |
|
|
10.999 |
|
|
Other Current Assets |
|
|
1.872 |
|
|
Loans & Advances |
|
|
59.719 |
|
Total
Current Assets |
|
|
245.805 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
129.920 |
|
|
Other Current Liabilities |
|
|
10.032 |
|
|
Provisions |
|
|
7.655 |
|
Total
Current Liabilities |
|
|
147.607 |
|
|
Net Current Assets |
|
|
98.198 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.308 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
308.359 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
782.588 |
597.307 |
469.631 |
|
|
|
Other Income |
21.842 |
11.387 |
7.256 |
|
|
|
TOTAL (A) |
804.430 |
608.694 |
476.887 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
570.454 |
418.800 |
|
|
|
|
Employee Benefit Expenses |
39.394 |
24.992 |
415.176 |
|
|
|
Other Expenses |
142.727 |
113.669 |
|
|
|
|
(Increase)/ Decrease in Inventory of Work in Progress and Finished
Goods |
(70.178) |
(48.626) |
|
|
|
|
TOTAL (B) |
682.397 |
508.835 |
415.176 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
122.033 |
99.859 |
61.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
37.047 |
35.378 |
30.653 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
84.986 |
64.481 |
31.058 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.801 |
10.384 |
8.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
71.185 |
54.097 |
22.755 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
24.500 |
14.750 |
10.662 |
|
|
|
|
|
|
|
|
|
|
PROFITAFTER TAX
(G-H) (I) |
46.685 |
39.347 |
12.093 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
60.209 |
21.112 |
9.019 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend Payable |
0.250 |
0.250 |
0.000 |
|
|
|
Dividend Distribution Tax |
0.041 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
106.603 |
60.209 |
21.112 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
521.780 |
448.686 |
336.627 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
139.256 |
74.526 |
NA |
|
|
TOTAL IMPORTS |
139.256 |
74.526 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.35 |
157.26 |
48.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.80
|
6.46 |
2.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.10
|
9.06 |
4.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.76
|
8.63 |
5.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.29 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.63
|
1.28 |
2.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97
|
0.95 |
1.67 |
7
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10446086 |
21/08/2013 |
10,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B83581652 |
|
2 |
10446346 |
19/08/2013 |
5,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PARE, MUMBAI - 400013, MAHARASHTRA, INDIA |
B83685271 |
|
3 |
10416343 |
20/03/2013 |
35,250,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B72108236 |
|
4 |
10406495 |
01/02/2013 |
25,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PARE, MUMBAI - 400013, MAHARASHTRA, INDIA |
B68993195 |
|
5 |
10406500 |
01/02/2013 |
47,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PARE, MUMBAI - 400013, MAHARASHTRA, INDIA |
B68994276 |
|
6 |
10408311 |
11/01/2013 |
13,500,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA |
B69726669 |
|
7 |
10368173 |
19/07/2012 |
20,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B44730133 |
|
8 |
10368165 |
05/07/2012 |
20,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B44729432 |
|
9 |
10360498 |
21/05/2012 |
5,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B41575390 |
|
10 |
10166123 |
23/04/2013 * |
42,602,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B74404948 |
|
11 |
10162109 |
11/06/2009 |
45,000,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
GOREGAON EAST
BRANCH, 1ST FLOOR, RAGHUNATH KRUPA, |
A63860852 |
|
12 |
10161799 |
23/04/2009 |
19,214,371.00 |
CITI BANK N.A. |
CITITOWER, 61, DR.
S. S. RAO ROAD, PAREL, MUMBAI - 400012, |
A63819031 |
|
13 |
10166139 |
11/07/2012 * |
60,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B44729630 |
|
14 |
10166142 |
08/01/2013 * |
375,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA |
B66847344 |
* Date of charge modification
NOTE
The registered office address of the company has been shifted from 4,
Prabhas Plot No. 9, H. F. Society Road, Jogeshwari-East, Mumbai – 400060,
Maharashtra, India, to present address w.e.f. 16.12.2009.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Long Term
Borrowings |
|
|
|
Loans from Banks and Body Corporates |
7.934 |
6.321 |
|
Loan from Directors |
5.983 |
4.820 |
|
Short Term
Borrowings |
|
|
|
Unsecured Loan Installments Repayable within one year |
6.347 |
1.321 |
|
Total |
20.264
|
12.462 |
FIXED ASSETS
· Factory Land
· Factory Building
· Plant and Machinery
· Electrical Fittings
· Furniture and Fixtures
· Laboratory Equipments
· Motor Car
· Office Equipment
· Air Conditioners
· Office Premises
· Books
· Product Registration
· Computer
· Computer Software
· Motor Cycle
· Delivery Vehicles
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 records 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.61.41 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.