1. SUMMARY INFORMATION
|
Country |
India |
|||
|
Company Name |
STERICAT GUT STRINGS PRIVATE LIMITED |
Principal Name 1 |
Mr. Vikram Kapahi |
|
|
Status |
Good |
Principal Name 2 |
Mrs. Indu Kapahi |
|
|
Registration # |
55-015846 |
|||
|
Street Address |
W-40, Greater Kailash - I, New
Delhi - 110 048, India |
|||
|
Established Date |
02.06.1983 |
SIC Code |
-- |
|
|
Telephone# |
91-11-26945185 |
Business Style 1 |
Manufacturing
|
|
|
Fax # |
91-11-26942289 |
Business Style 2 |
Trading
|
|
|
Homepage |
Product Name 1 |
Surgical
Sutures |
||
|
# of employees |
77 (Approximately) |
Product Name 2 |
Allied
Products |
|
|
Paid up capital |
RS.2,500,000/- |
Product Name 3 |
-- |
|
|
Shareholders |
Directors
Or Relatives Of Directors – 100% |
Banking |
Bank Of Baroda |
|
|
Public Limited Corp. |
No |
Business Period |
31 Years |
|
|
IPO |
No |
International Ins. |
-- |
|
|
Public |
No |
Rating |
Ba
(49) |
|
|
Related
Company |
||||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
ASSOCIATE ENTERPRISES |
-- |
STERICAT MEDICAL DEVICES PRIVATE LIMITED |
-- |
|
|
Note |
-- |
|||
2. SUMMARY
FINANCIAL STATEMENT
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
88,264,000 |
Current Liabilities |
51,058,000 |
|
Inventories |
26,332,000 |
Long-term Liabilities |
11,796,000 |
|
Fixed Assets |
89,566,000 |
Other Liabilities |
25,794,000 |
|
Deferred Assets |
0 |
Total Liabilities |
88,648,000 |
|
Invest& other Assets |
24,806,000 |
Retained Earnings |
137,820,000 |
|
|
|
Net Worth |
140,320,000 |
|
Total Assets |
228,968,000 |
Total Liab. & Equity |
228,968,000 |
|
Total Assets (Previous Year) |
208,150,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
178,520,000 |
Net Profit |
28,469,000 |
|
Sales(Previous yr) |
225,601,000 |
Net Profit(Prev.yr) |
21,619,000 |
MIRA INFORM REPORT
|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
STERICAT GUT STRINGS PRIVATE LIMITED (w.e.f. 27.12.1984) |
|
|
|
|
Formerly Known
As : |
STERICAT GUTSRINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-40,
Greater Kailash - I, New Delhi – 110 048 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.06.1983 |
|
|
|
|
Com. Reg. No.: |
55-015846 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1983PTC015846 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20550F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS3777L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Trader, Importer and Exporter of Surgical Sutures and Allied Products. |
|
|
|
|
No. of Employees
: |
77 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 570000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Overall financial of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be regular. The company can be considered normal for business dealings at usual
trade terms and condition. |
|
|
|
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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
|
Name : |
Mr. K.C. Pareek |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4609500 |
|
Date : |
26.03.2014 |
LOCATIONS
|
Registered Office : |
W-40,
Greater Kailash - I, New Delhi – 110 048, India |
|
Tel. No.: |
91-11-26945185/ 26943079 |
|
Fax No.: |
91-11-26942289 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No.169, Sector- 4, IMT - Manesar, Gurgaon – 122 050, Haryana,
India |
|
Tel. No.: |
91-124-4365235/ 6/ 4510700/ 4609500 |
|
Fax No.: |
91-124-4365289/ 4510700 (Extension 137) |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
E-25, B-1, Extension Mohan Co-Operative Industrial Estate, New Delhi –
110 044, India |
|
Tel. No.: |
91-11-26945185/ 26943079/ 26940432 |
|
Fax No.: |
91-11-26942289 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
SDF #13, NSEZ – Noida, |
|
Location : |
Owned |
DIRECTORS
AS ON 05.08.2013
|
Name : |
Mr. Vikram Kapahi |
|
Designation : |
Managing Director |
|
Address : |
W-40,
Greater Kailash - I, |
|
Date of Birth/Age : |
15.11.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
02.06.1983 |
|
DIN No.: |
01259534 |
|
|
|
|
Name : |
Mrs. Indu Kapahi |
|
Designation : |
Director |
|
Address : |
W-40,
Greater Kailash - I, |
|
Date of Birth/Age : |
26.04.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.1999 |
|
DIN No.: |
01259554 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.08.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
12995 |
51.98 |
|
|
12005 |
48.02 |
|
Total |
25,000 |
100.00 |
AS ON 05.08.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader, Importer and Exporter of Surgical Sutures and Allied Products. |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2011):
|
PARTICULARS |
Licensed Capacity |
Installed Capacity |
Actual
Production |
|
Raw Catguts Metres |
N.A. |
Not
Ascertainable |
306432.00 |
|
Surgical Metres Suture (Catgut) |
N.A. |
Not
Ascertainable |
793071.00 |
|
Silk Suture Metres |
N.A. |
Not
Ascertainable |
448023.00 |
|
Nylon (Polymide) Sutures Metres |
N.A. |
Not
Ascertainable |
32508.00 |
|
Polyester Metres Sutures |
N.A. |
Not
Ascertainable |
64374.60 |
|
P.V.D.F. Metres |
N.A. |
Not
Ascertainable |
-- |
|
I. Col. Metres |
N.A. |
Not
Ascertainable |
1334505.60 |
|
Poly Propline Meters |
N.A. |
Not
Ascertainable |
111465.00 |
|
PGA – PCL (Stericryl) |
N.A. |
Not
Ascertainable |
1035.00 |
|
Mono |
N.A. |
Not
Ascertainable |
17078.40 |
|
P P Mesh |
N.A. |
Not
Ascertainable |
449.40 |
|
Polycol |
N.A. |
Not
Ascertainable |
32049.00 |
|
N Stril Polyester |
N.A. |
Not
Ascertainable |
0.00 |
|
Others |
N.A. |
Not
Ascertainable |
144.88 |
GENERAL INFORMATION
|
No. of Employees : |
77 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
* the above
borrowings are secured against hypothecation of stocks and book debts and is
also collaterally secured by equitable motrgage of factory land & building
at Manesar, hypothecation of Plant and Machinery of the Company and Personal
Guarantee of Directors. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.K. Dhingra and Company Chartered Accountants |
|
Address : |
1-E/15, Jhandewalan Extension, |
|
Tel. No.: |
91-11-23528511 /
23536857 / 23550475 |
|
Fax No.: |
91-11-23549789 |
|
E-Mail : |
|
|
PAN No.: |
AAAFV7051N |
|
|
|
|
Associate
Enterprises : |
|
CAPITAL STRUCTURE
AS ON 05.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
48000 |
Equity Shares |
Rs.100/- each |
Rs.4.800 millions |
|
2000 |
Preferences Shares |
Rs.100/- each |
Rs.0.200 million |
|
|
Total
|
|
Rs.5.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/-
each |
Rs.2.500
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.500 |
2.500 |
|
(b) Reserves & Surplus |
|
137.820 |
121.051 |
|
(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) |
|
140.320 |
123.551 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
7.548 |
7.421 |
|
(c) Other long term
liabilities |
|
4.699 |
2.049 |
|
(d) Long-term
provisions |
|
1.369 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
13.616 |
9.470 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
11.796 |
12.308 |
|
(b) Trade payables |
|
37.950 |
35.461 |
|
(c) Other current
liabilities |
|
13.547 |
15.738 |
|
(d) Short-term
provisions |
|
11.739 |
11.622 |
|
Total Current
Liabilities (4) |
|
75.032 |
75.129 |
|
|
|
|
|
|
TOTAL |
|
228.968 |
208.150 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
89.566 |
86.331 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
24.806 |
10.216 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
8.525 |
2.500 |
|
(e) Other
Non-current assets |
|
1.869 |
0.586 |
|
Total Non-Current
Assets |
|
124.766 |
99.633 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
26.332 |
26.779 |
|
(c) Trade receivables |
|
61.188 |
53.660 |
|
(d) Cash and cash
equivalents |
|
9.455 |
20.347 |
|
(e) Short-term loans
and advances |
|
6.687 |
7.217 |
|
(f) Other current
assets |
|
0.540 |
0.514 |
|
Total Current Assets |
|
104.202 |
108.517 |
|
|
|
|
|
|
TOTAL |
|
228.968 |
208.150 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
111.054 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
113.554 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
13.201 |
|
|
2] Unsecured Loans |
|
|
0.070 |
|
|
TOTAL BORROWING |
|
|
13.271 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.998 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
133.823 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
81.508 |
|
|
Capital work-in-progress |
|
|
5.050 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
21.973
|
|
|
Sundry Debtors |
|
|
28.222
|
|
|
Cash & Bank Balances |
|
|
20.417
|
|
|
Other Current Assets |
|
|
0.371
|
|
|
Loans & Advances |
|
|
7.175
|
|
Total
Current Assets |
|
|
78.158
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
13.478
|
|
|
Other Current Liabilities |
|
|
11.604
|
|
|
Provisions |
|
|
5.811
|
|
Total
Current Liabilities |
|
|
30.893
|
|
|
Net Current Assets |
|
|
47.265
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
133.823 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
178.520 |
225.601 |
113.830 |
|
|
|
Other Operating Revenue |
3.474 |
5.587 |
6.458 |
|
|
|
Other Income |
2.008 |
3.301 |
6.682 |
|
|
|
TOTAL (A) |
184.002 |
234.489 |
126.970 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
66.795 |
70.161 |
50.840 |
|
|
|
Purchases of Stock-in-Trade |
0.110 |
58.880 |
0.039 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(1.010) |
(1.136) |
5.046 |
|
|
|
Employee benefits expense |
25.398 |
20.952 |
21.954 |
|
|
|
Other expenses |
41.639 |
48.643 |
30.419 |
|
|
|
Prior Period Items |
1.132 |
(0.053) |
0.994 |
|
|
|
TOTAL (B) |
134.064 |
197.447 |
109.292 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
49.938 |
37.042 |
17.678 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.203 |
0.546 |
0.459 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
47.735 |
36.496 |
17.219 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.139 |
4.637 |
4.526 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
42.596 |
31.859 |
12.693 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
14.127 |
10.240 |
4.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
28.469 |
21.619 |
8.430 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
118.078 |
107.108 |
55.624 |
|
|
TOTAL EXPORTS |
118.078 |
107.108 |
55.624 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
18.668 |
21.426 |
19.499 |
|
|
|
Consumables Stores, Packing Material |
6.250 |
5.111 |
2.474 |
|
|
|
Capital Goods |
1.020 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
25.938 |
26.537 |
21.973 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
1138.75 |
864.74 |
337.19 |
|
The above information has been parted by Mr. K.C. Pareek (Accounts Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
15.47 |
9.22 |
6.64
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
23.86 |
14.12 |
11.16
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.86 |
16.10 |
7.95
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.26 |
0.11
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08 |
0.10 |
0.12
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.44 |
2.53
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
2.500 |
2.500 |
|
Reserves & Surplus |
|
121.051 |
137.820 |
|
Net
worth |
|
123.551 |
140.320 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
12.308 |
11.796 |
|
Total
borrowings |
|
12.308 |
11.796 |
|
Debt/Equity
ratio |
|
0.100 |
0.084 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
113.830 |
225.601 |
178.520 |
|
|
|
98.191 |
(20.869) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
113.830 |
225.601 |
178.520 |
|
Profit After Tax |
8.430 |
21.619 |
28.469 |
|
|
7.41% |
9.58% |
15.95% |
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 |
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 |
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 |
No |
|
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 |
No |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10393418 |
05/12/2012 |
40,000,000.00 |
Citi Bank N.A. |
Jeevan Bharti Building,
4th Floor, 124, Connaught |
B64683295 |
FIXED ASSETS:
Tangible Assets
·
Leasehold Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Electric Installation
·
Electric Fittings
·
Computer
Intangible Assets
·
Software
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.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.