MIRA
INFORM REPORT
|
Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREYA LIFE SCIENCES PRIVATE LIMITED (w.e.f.31.05.2004) |
|
|
|
|
Formerly Known
As : |
AMIKA TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shreya House, 6th Floor, 301/ |
|
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2011 |
|
|
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|
Date of
Incorporation : |
10.04.1991 |
|
|
|
|
Com. Reg. No.: |
11-061136 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 62.955 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1991PTC061136 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS9890C |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Trader of Pharmaceuticals and Bulk Drugs. |
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|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8500000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Exist |
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|
|
Comments : |
Subject is an established company having moderate track record. Management has filed the latest financials of 2012 with the government
department, but are not available with us. The company has seen a better increase in its sales turnover as well
as net profitability during 2012. The ratings also take into consideration the working capital intensive
operations because of stretched receivable, and average financial risk
profile of the company. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of promoters long standing experience, the company can be
considered for business dealings with some caution. Note: The latest
financials of 2012 are taken from indirect sources. i.e. Crisil. |
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BB -“ |
|
Rating Explanation |
Moderate risk of default regarding timely
servicing of financial obligations. |
|
Date |
18.09.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A4 +“ |
|
Rating Explanation |
Minimum degree of safety and very high
credit risk. |
|
Date |
18.09.2012 |
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 DECLINED
Management non-cooperative
Tel. No.: 91-22-66938222
LOCATIONS
|
Registered Office : |
Shreya House, 6th Floor, 301/A Pereira Hill Road, Andheri
(East), Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-66938222/ 66959844 / 42220222 |
|
Fax No.: |
91-22-66939222 |
|
E-Mail : |
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|
Website : |
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|
|
|
B-9/2, MIDC, Waluj, |
|
Tel. No.: |
91-240-6636700 |
|
Fax No.: |
91-240-2554581 |
|
E-Mail : |
|
|
|
|
|
Roorkee Plant Office : |
Plot No.13/14/15, Village: |
|
Tel. No.: |
91-1332-287287 / 287211 |
|
Fax No.: |
91-1332-235244 |
|
E-Mail : |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Sheel Kumar Dhananjay Singh |
|
Designation : |
Director |
|
Address : |
37, Surag Apartments, Nutan Laxmi Co-operative Housing Society, |
|
Date of Birth/Age : |
10.02.1973 |
|
Qualification : |
M.B.B.S |
|
Date of Appointment : |
14.09.2006 |
|
DIN No.: |
00724595 |
|
|
|
|
Name : |
Mr. Himanshu Baldev Singh |
|
Designation : |
Alternate director |
|
Address : |
Sneha 82, Nutan Laxmi Society, N.S. Road No – 8, Juhu, Scheme
G.V.P.D., Vile Parle [West], Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1977 |
|
Qualification : |
M. Tech |
|
Date of Appointment : |
20.03.2009 |
|
DIN No.: |
02634701 |
|
|
|
|
Name : |
Mr. Sujit Kumar Singh |
|
Designation : |
Director |
|
Address : |
Nutan Laxmi Co-operative Housing Society, JVPD Scheme, Juhu, Mumbai –
400049, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1971 |
|
Qualification : |
B. SC |
|
Date of Appointment : |
30.09.1999 |
|
DIN No.: |
01246240 |
|
|
|
|
Name : |
Mr. Vivckanand Sharadanand Jha |
|
Designation : |
Director |
|
Address : |
Moscow Russia. Dubrovskaya. House No. 18. Hat No. 14. Russia |
|
Date of Birth/Age : |
14.02.1970 |
|
Date of Appointment : |
30.01.2002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sujit Kumar Singh |
|
1971860 |
|
Jagannath Prasad Singh |
|
1364740 |
|
Vishwananth Prasad |
|
944300 |
|
Baidhnath Brahmdev |
|
944240 |
|
R.S. Investments Limited, Island |
|
440774 |
|
Zee International Far East Limited, Hong Kong |
|
629546 |
|
Total |
|
6295460 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
17.00 |
|
Directors or relatives of directors |
|
83.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Pharmaceuticals and Bulk Drugs. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Liquid Injectable** |
Kilo Ltrs |
N.A |
145.200 |
57.526 |
|
Dry powder injectables Freezed Dried** |
Tonnes |
N.A |
0.007 |
0.003 |
|
Dry powder injectables |
Vials/ Lakhs |
N.A |
240.000 |
47.835 |
|
Liquid Oral ** |
Bottle/ Lakhs |
N.A |
300.000 |
202.298 |
|
Tablets / Capsules** |
Nos/ Lakhs |
N.A |
42,060 |
9168 |
|
Powder Granules ** |
Tonnes |
N.A |
-- |
149.054 |
|
Ointment ** |
Tonnes |
N.A |
-- |
12.007 |
|
Spray / Bandage ** |
Tonnes |
N.A |
-- |
7.916 |
|
Bulk Drug |
Tonnes |
N.A |
15.000 |
2.172 |
|
Insulin |
Kilo Ltrs |
N.A |
43.200 |
11.604 |
|
Lozenges |
Nos/ Lakhs |
N.A |
4,800 |
230.12 |
Note: Licensed Capacity is not applicable in
terms of Government of India's Notification No. S.O. 477(E) dated July 25, 1991
issued under Industries (Development & Regulation) Act, 1951.
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
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Bankers : |
· State Bank of India, Industrial Finance Branch, 201, 1ST Floor, Sir M V Road, Western Express Highway, Andheri (East), Mumbai – 400069, Maharashtra, India · Open Joint-Stock Company Promsvyazbank, 10/22, Smirnovskaya Str., Moscow – 109052, Russian Federation |
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Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||
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|
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Banking
Relations : |
-- |
|
|
|
|
Finance Institutions : |
Indiabulls Financial Services Limited, F-60, Malhotra Building, 2nd
Floor, Cannaught Place, New Delhi – 110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
R G Mehta and Company Chartered Accountants |
|
Address : |
B-104, Mrud
Kishore, Near Dattapada Road, Subway, Borivali West, Mumbai – 400092,
Maharashtra, India |
|
PAN No.: |
AAJFR6464Q |
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|
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|
Joint Ventures : |
·
Pace Shreya (Private) Limited, Zimbabwe |
|
|
|
|
Subsidiary Company : |
·
Serena Pharma Private Limited |
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|
|
|
Entities where control exists : |
·
Shreya Creations Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6295460 |
Equity Shares |
Rs. 10/- each |
Rs. 62.955
Millions |
|
|
|
|
|
As on: 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6795460 |
Equity Shares |
Rs. 10/- each |
Rs. 67.955
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
62.955 |
62.955 |
62.955 |
|
|
2] Share Application Money |
200.000 |
200.000 |
200.000 |
|
|
3] Reserves & Surplus |
1876.335 |
1724.319 |
1622.101 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2139.290 |
1987.274 |
1885.056 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1432.821 |
1791.901 |
1705.782 |
|
|
2] Unsecured Loans |
213.374 |
429.330 |
293.008 |
|
|
TOTAL BORROWING |
1646.195 |
2221.231 |
1998.790 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3785.485 |
4208.505 |
3883.846 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
974.627 |
1093.858 |
1247.598 |
|
|
Capital work-in-progress |
31.554 |
31.598 |
36.158 |
|
|
|
|
|
|
|
|
INVESTMENT |
24.641 |
24.641 |
25.641 |
|
|
DEFERRED TAX ASSETS |
27.914 |
46.776 |
58.792 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
333.525
|
248.468 |
307.978
|
|
|
Sundry Debtors |
3064.427
|
3625.482 |
2919.624
|
|
|
Cash & Bank Balances |
110.972
|
40.644 |
47.441
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
169.457
|
234.673 |
375.703
|
|
Total
Current Assets |
3678.381
|
4149.267 |
3650.746 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
685.208
|
893.676 |
912.805 |
|
|
Other Current Liabilities |
194.109
|
202.633 |
158.830 |
|
|
Provisions |
72.315
|
41.326 |
63.454 |
|
Total
Current Liabilities |
951.632
|
1137.635 |
1135.089 |
|
|
Net Current Assets |
2726.749
|
3011.632 |
2515.657 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3785.485 |
4208.505 |
3883.846 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3795.463 |
3638.762 |
3868.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3140.859 |
3005.412 |
3058.873 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
654.604 |
633.350 |
809.127 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
298.307 |
331.006 |
298.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
356.297 |
302.344 |
511.067 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
136.418 |
158.110 |
258.137 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
EXPENSES |
0.000 |
0.000 |
8.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
219.879 |
144.234 |
244.592 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
67.862 |
42.016 |
38.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
152.017 |
102.218 |
206.145 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
1208.388 |
1106.170 |
900.025 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1360.405 |
1208.388 |
1106.170 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports on F.O.B basis |
859.173 |
446.407 |
N.A. |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials/components |
188.939 |
167.837 |
N.A. |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.15 |
16.24 |
32.75 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
4.500 (billion) |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
291.800
(millions) |
Note: The latest
financials of 2012 are taken from indirect sources. i.e. Crisil.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.01
|
2.81 |
5.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.73
|
2.75 |
4.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.07 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.77
|
1.12 |
1.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.87
|
3.65 |
3.22 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
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 |
LISTING DETAILS
|
Presentation Date:- |
14/06/2103 |
|
Lodging No.:- |
CPL/371/2013 |
Filing Date:- |
14/06/2013 |
Reg. No.:- |
CP/343/2013 |
Reg. Date:- |
29/06/2013 |
|
Petitioner:- |
Grandiose Infrastructure Venture Enterprises Private Limited |
Respondent:- |
SHREYA LIFE SCIENCES PRIVATE LIMITED (CIN No. U51900MH1991PTC061136) |
|
Petn.Adv.:- |
Kanga and Company |
Resp.Adv.:- |
Ajay Law Associates |
|
District:- |
Mumbai |
|
|
|
Bench:- |
SINGLE |
|
|
|
|
Pre-Admission |
Category:- |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
|
Next Date:- |
05/12/2013 |
Stage:- |
COMPANY PETITIONS FOR ADMISSION |
|
Coram:- |
HON'BLE SHRI JUSTICE N.M. JAMDAR |
|
|
|
Last Date:- |
04/10/2013 |
Stage:- |
COMPANY PETITIONS FOR ADMISSION |
|
Last Coram:- |
HON'BLE SHRI JUSTICE N.M. JAMDAR |
|
|
|
Act :- |
Companies Act and Rules 1956 |
Under Section:- |
433(E) AND(F), 434 AND 439 |
UNSECURED LOANS
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
Rupee term loans banks unsecured |
86.278 |
97.472 |
|
Loans directors unsecured |
1.548 |
0.148 |
|
Other debt unsecured |
125.548 |
331.710 |
|
Total |
213.374 |
429.330 |
HIGHLIGHTS OF THE YEAR:
The total income
in the financial year 2010-11 was Rs. 3795.463 Millions as compared to Rs.
3638.762 Millions in the previous year, representing a growth of about (4.3%).
The increase in turnover was on account of increased export business.
The net profit stood at Rs. 152.017 Million [Previous year Rs. 102.218
Millions].
CONTINGENT
LIABILITIES
(Rs.
in millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Estimated amount
of contracts remaining to be executed on capital account (net of advances)
and not provided for |
1.500 |
1.500 |
|
Guarantees outstanding:- |
Nil |
2.812 |
|
- Guarantees
given to banks for loans taken by third party. Loan outstanding against such guarantee:
Rs. Nil (Previous year Rs. Nil) |
2.000 |
1.500 |
|
Export obligation under the EPCG scheme (on purchase of machinery for
Roorkee project) |
79.241 |
79.241 |
|
Export obligation under the advance license scheme (import of
materials) |
Nil |
0.221 |
|
Income tax - Demands/show cause-cum demand notices contested by the
Company |
96.771 |
49.70 |
|
Duty obligation Bond issued by central excise department |
20.012 |
9.427 |
In the opinion of the
Company’s legal counsel the said demand is not tenable and the Company has
filed an appeal challenging the demand. The appeal has not been decided till
the balance sheet date. Considering the facts and nature of the case, the
Company believes that there will be a positive outcome and there will not be
any material impact on the financial statements. The above claims have been
paid by the Company under protest.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443051 |
16/08/2013 |
1,800,000,000.00 |
OPEN JOINT STOCK COMPANY PROMSVYAZBANK |
10/22, SMIRNOVSKAYA STR, MOSCOW, - 109052, RUSSIA |
B82126392 |
|
2 |
10357824 |
18/04/2012 |
50,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 201, 1ST FLOOR, SIR M V RD, WESTERN EXPRESS HIGHWAY, ANDHERI EAST, MUMBAI, MAHARASHTRA - 400069, INDIA |
B40490450 |
|
3 |
10329971 |
11/01/2012 |
3,180,000,000.00 |
OPEN JOINT STOCK COMPANY PROMSVYAZBANK |
10/22, SMIRNOVSKAYA STR., MOSCOW, - 109052, RUSSIAN FEDERATION |
B29957222 |
|
4 |
10212184 |
01/04/2010 |
183,000,000.00 |
INDIABULLS FINANCIAL SERVICES LIMITED |
F-60 MALHOTRA BLDG 2ND FLOOR, CANNAUGHT PALACE, NEW DELHI, DELHI - 110001, INDIA |
A82565862 |
|
5 |
10115255 |
29/06/2009 * |
200,000,000.00 |
THE SARASWAT CO-OP BANK LTD |
JUHU BRANCH, MADHUSAGAR, N S ROAD NO 13, NEAR JUHU CHURCH , JUHU, MUMBAI, MAHARASHTRA -400049, INDIA |
A67330290 |
|
6 |
80034405 |
30/03/2011 * |
1,225,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SNEHAL CHAMBERS, TELLI GALLI, ANDHERI (EAST) ANDHERI, MUMBAI, MAHARASHTRA - 400069, INDIA |
B11074051 |
|
7 |
90154738 |
15/04/2011 * |
1,225,000,000.00 |
BANK OF INDIA |
MUMBAI MID CORPORATE BRANCH, 70/80, M. G. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
B11125473 |
* Date of charge modification
Fixed Assets:
Ø Leasehold Land
Ø Freehold Land
Ø Buildings – Factory
Ø Building – Others
Ø Plant and Machinery
Ø Office Equipments, Furniture and Fittings
Ø Computers Software
Ø Vehicles
Ø Goodwill
Ø Technical Know How
Ø Brands, Trade Marks
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] 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. 61.50 |
|
|
1 |
Rs. 99.49 |
|
Euro |
1 |
Rs. 84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
4 |
|
--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 |
YES |
|
--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 |
|
34 |
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.