1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SUTURES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Chandrasekhar Latteri Gopalan |
|
Status |
Good |
Principal Name 2 |
Mr. Subramanian Sivaraman |
|
|
|
Registration # |
18-013831 |
|
Street Address |
472/D, 4th
Phase, 13th Cross, peenya
Industrial Area, Bangalore-560058, Karnataka, India |
||
|
Established Date |
28.12.1992 |
SIC Code |
-- |
|
Telephone# |
91-80-41868000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-41171056 |
Business Style 2 |
Sales |
|
Homepage |
Product Name 1 |
Drugs |
|
|
# of employees |
280
(Approximately) |
Product Name 2 |
cosmetics |
|
Paid up capital |
Rs.15,603,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 20.55% Directors or relatives of Directors - 55.02% Other top fifty shareholders - 24.43% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (66) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries
|
India
|
Truskin Gloves Private
Limited |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
763,089,000 |
Current Liabilities |
137,365,000 |
|
Inventories |
228,386,000 |
Long-term Liabilities |
144,557,000 |
|
Fixed Assets |
658,427,000 |
Other Liabilities |
234,787,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
516,709,000 |
|
Invest& other Assets |
44,710,000 |
Retained Earnings |
1,162,300,000 |
|
|
|
Net Worth |
1,177,903,000 |
|
Total Assets |
1,694,612,000 |
Total Liab. & Equity |
1,694,612,000 |
|
Total Assets (Previous Year) |
1,357,238,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,294,794,000 |
Net Profit |
NA |
|
Sales(Previous yr) |
1,021,963,000 |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUTURES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
472/D, 4th Phase, 13th Cross, peenya Industrial Area,
Bangalore-560058, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.12.1992 |
|
|
|
|
Com. Reg. No.: |
18-013831 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.603 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
u03311ka1992ptc013831 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS02607D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacture and Sale of hospital consumable, some of which are governed
by the Drugs and cosmetics |
|
|
|
|
No. of Employees
: |
280 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Profitability of company appears to be sound. It has achieved a better
growth in its sales turnover and profits during financial year 2012. Trade relation of the company reported as fair. Business is active.
Payment terms are regular. The company can be considered for business dealing 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) |
|
India |
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 Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A (Term Loan) |
|
Rating Explanation |
Adequate credit quality and average credit risk. |
|
Date |
January 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1 (Fund Based Facility) |
|
Rating Explanation |
Very strong degree of safety and low credit risk. |
|
Date |
January 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.
LOCATIONS
|
Registered Office : |
472/D, 4th Phase, 13th Cross, peenya Industrial Area, |
|
Tel. No.: |
91-80-41868000/ 41868127 |
|
Fax No.: |
91-80-41171056 |
|
E-Mail : |
accounts@suturesin.com |
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Chandrasekhar Latteri Gopalan |
|
Designation : |
Managing Director |
|
Address : |
A-11 , Sobha
Emerald, Jakkur Village, Yelahanka Hobli, Bangalore - 560 064, Karnataka,
India |
|
Date of Birth/Age : |
08.10.1958 |
|
Date of Appointment : |
10.12.1992 |
|
DIN No.: |
01997057 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U03311KA1992PTC013831
|
SUTURES INDIA
PRIVATE LIMITED |
Whole-time
director |
02/07/2009 |
28/12/1992 |
- |
Active |
NO |
|
2 |
U24236KA1995PTC019479
|
EASYSTICH
NEEDLES PRIVATE LIMITED |
Director |
27/12/1995 |
27/12/1995 |
- |
Amalgamated |
NO |
|
3 |
U25191KL2001PTC014953
|
TRUSKIN GLOVES
PRIVATE LIMITED |
Additional
director |
10/12/2007 |
10/12/2007 |
26/02/2010 |
Active |
NO |
|
Name : |
Mr. Viswanath Venkata Subrahmanya Anjaneya
Chibrolu |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.302, Chitanya Estates, Motinagar X Roads, |
|
Date of Birth/Age : |
12.08.1969 |
|
Date of Appointment : |
25.08.2010 |
|
Date of Cessation : |
08.10.2012 |
|
DIN No.: |
01556254 |
|
|
|
|
Name : |
Mr. Prabhakar Valivalti Rajagopal Sastry |
|
Designation : |
Director |
|
Address : |
# 19/B, 8th |
|
Date of Birth/Age : |
18.05.1959 |
|
Date of Appointment : |
11.03.2009 |
|
DIN No.: |
02007088 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140KA2006PTC039752
|
MENTOR ADVISORY
PRIVATE LIMITED |
Director |
19/06/2006 |
19/06/2006 |
Active |
NO |
|
2 |
U74140KA2008PLC045632
|
MENTORSQUARE
ADVISORS LIMITED |
Director |
17/03/2008 |
17/03/2008 |
Active |
NO |
|
3 |
U03311KA1992PTC013831
|
SUTURES INDIA
PRIVATE LIMITED |
Director |
30/06/2009 |
11/03/2009 |
Active |
NO |
|
4 |
U72200KA2012PTC066263
|
BUZZLE NETWORKS
PRIVATE LIMITED |
Director |
11/10/2012 |
11/10/2012 |
Active |
NO |
|
Name : |
Mr. Natarajan Ganesan |
|
Designation : |
Whole Time Director |
|
Address : |
Flat # 302, 2nd Floor, Kirmite Krupa, 11, 16th
Cross, Malleswaram, |
|
Date of Birth/Age : |
01.08.1952 |
|
Date of Appointment : |
14.12.1996 |
|
Date of Cessation : |
31.10.2012 |
|
DIN No.: |
02009645 |
|
|
|
|
Name : |
Mr. Subramanian Sivaraman |
|
Designation : |
Whole Time Director |
|
Address : |
4-C, anandi Villa, 6th
Main, 13th |
|
Date of Birth/Age : |
14.03.1963 |
|
Date of Appointment : |
10.12.1992 |
|
DIN No.: |
02009723 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U03311KA1992PTC013831
|
SUTURES INDIA
PRIVATE LIMITED |
Managing
director |
01/07/2009 |
28/12/1992 |
- |
Active |
NO |
|
2 |
U24236KA1995PTC019479
|
EASYSTICH NEEDLES
PRIVATE LIMITED |
Director |
27/12/1995 |
27/12/1995 |
- |
Amalgamated |
NO |
|
3 |
U25191KL2001PTC014953
|
TRUSKIN GLOVES
PRIVATE LIMITED |
Additional
director |
10/12/2007 |
10/12/2007 |
26/02/2010 |
Active |
NO |
|
4 |
U74210KA2005PTC037520
|
KNN
INTERNATIONAL PRIVATE LIMITED |
Director |
24/09/2012 |
02/04/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. K S Reddy |
|
Designation : |
Secretary |
|
Address : |
2363, 24th Main, 1 Sector, HSR Layout, |
|
Date of Birth/Age : |
10.01.1960 |
|
Date of Appointment : |
18.10.2009 |
|
PAN No.: |
AASPR0442F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Chandrasekhar Latteri Gopalan |
453944 |
|
Subramanian Sivaraman |
361648 |
|
Geetha Chandrasekhar |
302500 |
|
Indra Ganesan |
6500 |
|
Venkataraman Iyer |
51929 |
|
S V Nene |
50 |
|
Natrajan Ganeshan |
39500 |
|
Hema Sundaram |
18500 |
|
Evolvance |
320718 |
|
Parvathi Prabhakar |
1765 |
|
Parbhakar Valivati |
3235 |
|
TOTAL
|
1560289 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
20.55 |
|
Directors or relatives of Directors |
55.02 |
|
Other top fifty shareholders |
24.43 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Sale of hospital consumable, some of which are
governed by the Drugs and cosmetics |
GENERAL INFORMATION
|
No. of Employees : |
280 (Approximately) |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A S A And Associates Chartered Accountant |
|
Address : |
A-2, Ground Floor, Akruti Antara Apartment, Bangalore-560042,
Karnataka, India |
|
PAN No.: |
AAAFA4690A |
|
|
|
|
Subsidiaries : |
·
Truskin Gloves Private Limited CIN No.:- U25191KL2001PTC014953 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1560300 |
Equity Shares |
Rs.10/- each |
Rs. 15.603
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
15.603 |
|
(b) Reserves & Surplus |
|
|
1162.300 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1177.903 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
113.683 |
|
(b) Deferred tax liabilities (Net) |
|
|
5.934 |
|
(c) Other long term liabilities |
|
|
1.793 |
|
(d) long-term provisions |
|
|
13.045 |
|
Total Non-current Liabilities (3) |
|
|
134.455 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
30.874 |
|
(b) Trade payables |
|
|
37.800 |
|
(c) Other current
liabilities |
|
|
97.772 |
|
(d) Short-term provisions |
|
|
215.808 |
|
Total Current Liabilities (4) |
|
|
382.254 |
|
|
|
|
|
|
TOTAL |
|
|
1694.612 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
654.173 |
|
(ii) Intangible Assets |
|
|
4.254 |
|
(iii) Capital
work-in-progress |
|
|
5.594 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
24.112 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
160.023 |
|
(e) Other Non-current assets |
|
|
5.515 |
|
Total Non-Current Assets |
|
|
853.671 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
15.004 |
|
(b) Inventories |
|
|
228.386 |
|
(c) Trade receivables |
|
|
233.151 |
|
(d) Cash and cash
equivalents |
|
|
156.060 |
|
(e) Short-term loans and
advances |
|
|
82.043 |
|
(f) Other current assets |
|
|
126.297 |
|
Total Current Assets |
|
|
840.941 |
|
|
|
|
|
|
TOTAL |
|
|
1694.612 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
15.603 |
14.506 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
955.602 |
562.471 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
971.205 |
576.977 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
136.817 |
141.310 |
|
|
2] Unsecured Loans |
|
0.000 |
4.606 |
|
|
TOTAL BORROWING |
|
136.817 |
145.916 |
|
|
DEFERRED TAX LIABILITIES |
|
5.129 |
4.525 |
|
|
|
|
|
|
|
|
TOTAL |
|
1113.151 |
727.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
555.325 |
299.141 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
24.102 |
99.851 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
200.522
|
151.145
|
|
|
Sundry Debtors |
|
175.808
|
119.472
|
|
|
Cash & Bank Balances |
|
144.222
|
30.834
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
257.259
|
235.743
|
|
Total
Current Assets |
|
777.811 |
537.194 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
45.556
|
62.769
|
|
|
Other Current Liabilities |
|
79.283
|
46.790
|
|
|
Provisions |
|
119.248
|
99.209
|
|
Total
Current Liabilities |
|
244.087 |
208.768 |
|
|
Net Current Assets |
|
533.724
|
328.426
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1113.151 |
727.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1294.794 |
|
753.781 |
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
753.781 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
524.364 |
|
|
|
|
Cost of Material Consumed |
|
|
|
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
524.364 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
488.948 |
319.255 |
[Including Financial |
|
|
|
|
|
|
Expenses |
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.717 |
19.245 |
And |
|
|
|
|
|
|
Depreciation] |
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
466.231 |
300.010 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
58.620 |
53.463 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
407.611 |
246.547 |
229.417 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
49.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
NA |
NA |
180.408 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
339.462 |
350.454 |
237.985 |
|
|
TOTAL EARNINGS |
339.462 |
350.454 |
237.985 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
141.490 |
NA |
124.328 |
|
|
|
Capital Goods |
0.000 |
NA |
14.297 |
|
|
TOTAL IMPORTS |
141.490 |
NA |
138.625 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
-- |
-- |
127.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
23.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
31.48
|
24.12 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.48
|
18.49 |
27.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.25 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12
|
0.14 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.20
|
3.19 |
2.57 |
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 |
Yes |
|
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) |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
Deposits from Others |
33.482 |
|
Loans and Advances from Directors |
0.090 |
|
|
|
|
TOTAL |
33.572 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10200290 |
28/04/2009 |
760,000.00 |
STATE BANK OF INDIA |
PEENYA INDUSTRIAL ESTATE BRANCH, B-96, II
CROSS, I STAGE, PEENYA INDUSTRIAL ESTATE, BANGALORE, KARNATAKA - 560058,
INDIA |
A68115526 |
|
2 |
80041121 |
27/06/2013 * |
332,400,000.00 |
STATE BANK OF INDIA |
SME BRANCH, B-96, 2ND CROSS, INDUSTRIAL ESTATE, PEENYA, BANGALORE,
KARNATAKA - 560058, INDIA |
B79295713 |
|
* Date of charge modification |
||||||
FIXED ASSETS
· Land
· Buildings
· Plant and machinery
· Computers
· Motor Vehicles
· Furniture and Fixtures
· Office equipments
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. 63.37 |
|
UK Pound |
1 |
Rs. 100.85 |
|
Euro |
1 |
Rs. 84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
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 |
|
66 |
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.