MIRA
INFORM REPORT
|
Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALKEM LABORATORIES LIMITED [w.e.f.21.08.2001] |
|
|
|
|
Formerly Known
As : |
ALKEM LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Alkem House, Devashish, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.08.1973 |
|
|
|
|
Com. Reg. No.: |
11-174201 [New] 03-001031 [Old] |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.119.565
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00305MH1973PLC174201 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTNA00241D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA9521E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients, Generic, Branded, Nutraceuticals Products and also in Investing and Real
Estate business. |
|
|
|
|
No. of Employees
: |
8500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
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 94000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects strong financial risk profile supported by strong liquidity
position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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 – 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has
forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.
Total economic growth, infrastructure bottlenecks and lack of transparency and
consistency in foreign direct investment policies seem to have taken a toll on
India’s attractiveness as an investment destination, says an Ernst & Young
survey. Projects with FDI component fell 16.4 % across the globe in 2012
from the previous year. The drop in India was steeper at 21 %. State run
carrier Air India is doling out free tickets to its 24000 employees, even as it
expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs
generated across India in 2013, a fall of 0.4 % as compared to with a year
earlier. The National Capital Region has a one-fourth share in total jobs
created, according to a study by industry lobby group Assochem,
Banks, real estate, automobile and telecommunications sectors are showing a
rise of job creation. $ 805 mn investments by venture
capital firms in India during 2013, registering a drop of about 18 % over the
previous year. The Information Technology and IT-Enabled Services
Industry retained its status as the favourable
venture capital investors in 2013. Pakistan has temporarily banned gold imports
for the second time in six months, as it tries to stem smuggling into India.
India’s import duty on gold is 10 % and curbs on purchases have dried up legal
imports into what used to be the world’s biggest bullion buyers. The World Gold
Council puts the amount smuggled into India at upto
200 tonnes in 2013. The Reserve Bank of India has
proposed that unclaimed bank deposits estimated to be about Rs
35000 mn be used for education and awareness among
depositors. According to the plan, deposits that have not been claimed
for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA |
|
Rating Explanation |
High degree at safety and very low credit risk |
|
Date |
20.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
20.09.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Vinayak Kini |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-39829999 |
LOCATIONS
|
Registered/ Head Office : |
Alkem House, Devashish, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, Maharashtra, India |
|
Tel. No.: |
91-22-39829999 |
|
Fax No.: |
91-22-24862789 |
|
Email: |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
C 6/1, MIDC Industrial
Estate, Taloja, District Raigad,
|
|
|
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Factory 2 : |
N. H. No. 8, Village Naugama, Jhagadia, District – Bharuch, |
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Factory 3: |
333/1, Kachigam, |
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Factory 4: |
167/2, Amaliya, Dabhel, |
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Factory 5: |
289/290, GIDC, Ankleshwar , District – Bharuch,
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Factory 6: |
167/1, Amaliya, Dabhel, Daman, India |
|
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Factory 7: |
Village Thane – Baddi, Th- Nalagarh, District – Solan, Himachal Pradesh, India |
|
|
|
|
Factory : |
Also Located At: · Sikkim ·
Daman |
DIRECTORS
As on 25.05.2012
|
Name : |
Mr. Dhananjay Kumar Singh |
|
Designation : |
Whole-time director |
|
Address : |
Flat No 16, 16th Floor, Vasudha
Apartment, Worli, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1962 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00739153 |
|
|
|
|
Name : |
Mr. Prabhat Narain
Singh |
|
Designation : |
Whole-time director |
|
Address : |
103, Shriram Place, East Boring, Canal Road,
Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
13.10.1952 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00739296 |
|
|
|
|
Name : |
Balmiki Prasad Singh |
|
Designation : |
Whole-time director |
|
Address : |
1st Floor, Room No. 101, Westmore
II, Pochkhanwala Road, Worli,
Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1954 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00739856 |
|
|
|
|
Name : |
Mr. Nawal Kishore
Singh |
|
Designation : |
Whole-time director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
09.03.1951 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00758505 |
|
|
|
|
Name : |
Samprada Singh |
|
Designation : |
Whole-time director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
02.05.1930 |
|
Qualification : |
B.com |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00760279 |
|
|
|
|
Name : |
Mr. Basudeo Narayan
Singh |
|
Designation : |
Managing director |
|
Address : |
Budha Colony, Boring Canal Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
20.11.1940 |
|
Qualification : |
M.A |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00760310 |
|
|
|
|
Name : |
Mr. Mritunjaykumar Singh |
|
Designation : |
Whole-time director |
|
Address : |
3-31, Suraiya Apartment, Sir Pochkhanwala Road, Worli,
Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1963 |
|
Qualification : |
B.Sc, DAM |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00881412 |
|
|
|
|
Name : |
Mr. Mangaldas Chhaganlal
Shah |
|
Designation : |
Director |
|
Address : |
D-34/310, MIG Gandhi Nagar, Bandra (East), Mumbai – 400051, Maharashtra,
India |
|
Date of Birth/Age : |
04.07.1933 |
|
Qualification : |
B.com |
|
Date of Appointment : |
26.09.2007 |
|
DIN No.: |
01353574 |
|
|
|
|
Name : |
Ennapadam Narayanan Shankar |
|
Designation : |
Director |
|
Address : |
26A Venus, Worli Sea Face, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1935 |
|
Qualification : |
B.com |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02118438 |
KEY EXECUTIVES
|
Name : |
Mr. Vinayak Kini |
|
Designation : |
Account Executive |
|
|
|
|
Name : |
Mr. Manish Abnashi Lal
Narang |
|
Designation : |
Secretary |
|
Address : |
B-603, 6th Floor, Mercury Building, Suncity
Apartments, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1970 |
|
Date of Appointment : |
16.12.2006 |
|
PAN No.: |
AAHPN6263D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.05.2012
SHAREHOLDING DETAILS FILE ATTACHED
As on 25.05.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
78.20 |
|
Other |
21.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients, Generic, Branded, Nutraceuticals Products and also in Investing and Real
Estate business. |
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Products : |
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Export : |
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Country : |
·
USA ·
Australia ·
Nigeria |
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Importer : |
Not Divulged |
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Terms : |
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Selling : |
Cash / Credit (30 Days) |
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Purchasing : |
Cash / Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Wholesalers, Retailers, End Users and OEM’s |
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No. of Employees : |
8500 (Approximately) |
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Bankers : |
·
Barclays Bank Plc, One Reffles
Quay, Level 28, South Tower, Singapore - 048583, Singapore ·
State Bank of India, Industrial Finance
Branch, Shivsagar Estate, Worli-(S),
Mumbai - 400018, Maharashtra, India |
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|
Facilities : |
(Rs. In Millions)
|
|
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|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : |
· Member Secretary Single Window Clearance Agency Department Of Industries, Baddi, Tehsil - Nalagarh, Solan - 173205, Himachal Pradesh, India · BNP Paribas, 20, Collyer Quay, #01-01, Tung Centre, Singapore - 049319, Singapore |
|
|
|
|
Auditors : |
|
|
Name : |
R.S. Sanghai and Associates Chartered Accountants |
|
Address : |
A/403, Raj Kaman Heights, Raj Kamal Marg, Dr S S Rao Marg,
Lower Parel, Mumbai – 400012, Maharashtra,
India |
|
PAN No.: |
AAHPS2141R |
|
|
|
|
Subsidiaries,
Fellow Subsidiaries and Others |
· Alkem Laboratories (NIG) Limited · Alkem Laboratories (PTY) Limited · Alkem Pharma GmbH · Alkem Laboratories Corporation · S and B Holdings B.V. · Pharmacor Pty Limited · Angelic Holdings SA · The Pharmanetwork, LLC · Ascends Laboratories SDN BHD · Ascends Laboratories SpA · Enzene Biosciences Limited · Alkem Laboratories Korea Inc · Pharmacor Limited · S and B Pharma Inc. · The Pharma Network, LLP · Ascend Laboatories, LLC · TPN Italia, SRS · TPN China, Inc. ·
Medical Speciality
Consulting, LLC |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11956500 |
Equity Shares |
Rs. 10/- each |
Rs.119.565
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
119.565 |
119.565 |
119.565 |
|
(b) Reserves & Surplus |
23619.090 |
18935.714 |
14958.825 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
23738.655 |
19055.279 |
15078.390 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
922.845 |
1271.875 |
668.925 |
|
(b) Deferred tax liabilities (Net) |
498.968 |
364.093 |
308.924 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
314.114 |
342.639 |
338.197 |
|
Total Non-current Liabilities (3) |
1735.927 |
1978.607 |
1316.046 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11032.827 |
6763.501 |
6648.228 |
|
(b) Trade payables |
2575.405 |
2624.136 |
1667.226 |
|
(c) Other current
liabilities |
1161.968 |
967.163 |
779.324 |
|
(d) Short-term provisions |
237.263 |
435.288 |
404.039 |
|
Total Current Liabilities (4) |
15007.463 |
10790.088 |
9498.817 |
|
|
|
|
|
|
TOTAL |
40482.045 |
31823.974 |
25893.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
7552.942 |
5781.828 |
4631.921 |
|
(ii) Intangible Assets |
42.533 |
15.213 |
22.236 |
|
(iii) Capital
work-in-progress |
725.375 |
852.119 |
188.981 |
|
(iv)
Intangible assets under development |
139.507 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1034.098 |
499.864 |
109.738 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4050.467 |
2899.594 |
1430.621 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13544.922 |
10048.618 |
6383.497 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4759.785 |
3221.998 |
422.566 |
|
(b) Inventories |
4428.546 |
2971.322 |
2279.187 |
|
(c) Trade receivables |
3018.027 |
2575.567 |
1627.324 |
|
(d) Cash and cash
equivalents |
12569.163 |
11308.371 |
14236.337 |
|
(e) Short-term loans and
advances |
1278.310 |
857.367 |
446.392 |
|
(f) Other current assets |
883.292 |
840.731 |
497.950 |
|
Total Current Assets |
26937.123 |
21775.356 |
19509.756 |
|
|
|
|
|
|
TOTAL |
40482.045 |
31823.974 |
25893.253 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23278.951 |
19533.962 |
16524.458 |
|
|
|
Other Income |
1692.357 |
1348.382 |
1098.161 |
|
|
|
TOTAL (A) |
24971.308 |
20882.344 |
17622.619 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6483.429 |
5863.247 |
5419.744 |
|
|
|
Purchases of stock-in-trade |
3753.121 |
2587.925 |
1939.931 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(1233.260) |
(587.020) |
(235.566) |
|
|
|
Employee benefit expense |
3684.115 |
2758.388 |
2516.587 |
|
|
|
Other expenses |
6032.498 |
4901.848 |
3785.487 |
|
|
|
TOTAL (B) |
18719.903 |
15524.388 |
13426.183 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6251.405 |
5357.956 |
4196.436 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
792.155 |
534.731 |
373.879 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5459.250 |
4823.225 |
3822.557 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
360.152 |
279.402 |
270.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5099.098 |
4543.823 |
3552.096 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
137.799 |
289.011 |
317.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4961.299 |
4254.812 |
3234.250 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4430.477 |
2453.588 |
928.475 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2500.000 |
2000.000 |
1500.000 |
|
|
|
Interim Dividend |
239.130 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
239.130 |
0.000 |
|
|
|
Final Dividend |
0.000 |
0.000 |
179.348 |
|
|
|
Tax on Dividend |
38.793 |
38.793 |
29.789 |
|
|
BALANCE CARRIED
TO THE B/S |
6613.853 |
4430.477 |
2453.588 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods (at F.O.B.) |
2253.825 |
1702.541 |
1519.351 |
|
|
|
Freight |
10.148 |
32.281 |
15.783 |
|
|
|
Insurance |
0.056 |
0.148 |
0.003 |
|
|
|
Local Sales |
0.000 |
0.444 |
0.277 |
|
|
|
Manufacturing Charges |
0.000 |
15.110 |
0.000 |
|
|
|
Technology Income |
270.125 |
0.000 |
0.000 |
|
|
|
Deemed Exports |
0.000 |
0.000 |
5.484 |
|
|
TOTAL EARNINGS |
2534.154 |
1750.524 |
1540.898 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
606.721 |
425.537 |
367.490 |
|
|
|
Stores & Spares |
89.819 |
115.034 |
23.724 |
|
|
|
Capital Goods |
260.803 |
276.777 |
104.464 |
|
|
TOTAL IMPORTS |
957.343 |
817.348 |
495.678 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
415.00 |
356.00 |
271.00 |
|
Expected Sales (2013-14) : Rs.29500.000 Millions
The above information has been parted by Mr. Vinayak
Kini.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
19.87
|
20.38 |
18.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
21.90
|
23.26 |
21.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.22
|
14.91 |
13.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.24 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50
|
0.42 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.02 |
2.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
119.565 |
119.565 |
119.565 |
|
Reserves & Surplus |
14958.825 |
18935.714 |
23619.090 |
|
Net
worth |
15078.390 |
19055.279 |
23738.655 |
|
|
|
|
|
|
long-term borrowings |
668.925 |
1271.875 |
922.845 |
|
Short term borrowings |
6648.228 |
6763.501 |
11032.827 |
|
Total
borrowings |
7317.153 |
8035.376 |
11955.672 |
|
Debt/Equity
ratio |
0.485 |
0.422 |
0.504 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
16524.458 |
19533.962 |
23278.951 |
|
|
|
18.212 |
19.172 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
16524.458 |
19533.962 |
23278.951 |
|
Profit |
3234.25 |
4254.812 |
4961.299 |
|
|
19.57% |
21.78% |
21.31% |
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 |
Yes |
|
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 |
Yes |
OPERATIONS:
The Company’s sales (Gross) has increased to Rs. 23352.873 Millions as against Rs. 19735.260 Millions for the previous year resulting in an increase of 18.33% over the previous year.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
|
|
|
|
Deposits |
94.160 |
47.867 |
|
Loans and advances from directors |
224.500 |
153.580 |
|
Loans and advances from others |
236.408 |
208.248 |
|
Total |
555.068 |
409.695 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10269240 |
28/01/2011 |
678,000,000.00 |
BNP PARIBAS |
20, COLLYER QUAY, #01-01, TUNG CENTRE, SINGAPORE,- 049319, SINGAPORE |
B06199202 |
|
2 |
10232472 |
08/07/2010 |
1,640,000,000.00 |
BARCLAYS BANK PLC |
ONE REFFLES QUAY,, LEVEL 28, SOUTH TOWER, SINGAPORE, - 048583, SINGAPORE |
A90782939 |
|
3 |
10072610 |
12/09/2007 |
3,000,000.00 |
MEMBER SECRETARY SINGLE WINDOW CLEARANCE AGENCY |
DEPARTMENT OF INDUSTRIES, BADDI, TEHSIL - NALAGARH, SOLAN, HIMACHAL PRADESH - 173205, INDIA |
A25615204 |
|
4 |
90264437 |
08/07/2010 * |
1,750,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SHIVSAGAR ESTATE,WORLI -(S), MUMBAI, MAHARASHTRA - 400018, INDIA |
A88704135 |
|
5 |
80002922 |
03/08/1999 |
360,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SHIVSAGAR ESTATE, WORLI (S), MUMBAI, MAHARASHTRA - 400018, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
Ø Land
Ø Building
Ø Office building
Ø Factory building
Ø Building
Ø Plant and
machinery
Ø Office equipments
Ø Factory equipments
Ø Computer
equipments
Ø Other equipments
Ø Furniture and
fixtures
Ø Vehicles
Ø Motor vehicles
Ø Livestock
Intangible Assets
Ø Computer software
Ø Knowhow
Ø Patents trademarks
design
Ø Commercial
contractual rights
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.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
68 |
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.