MIRA
INFORM REPORT
|
Report Date : |
23.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
S KANT PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 7, Turbhe, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.06.1983 |
|
|
|
|
Com. Reg. No.: |
11-030195 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1983PTC030195 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA1234A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bulk Drugs and Micro bars |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems drastic fall in the profitability during 2013. However,
the general financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor
international report.
There is a $29.34 bn outward foreign direct investment by domestic companies
between April and January of 2013/14 which has seen some signs of recovery
according to a Care Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to
raise $ 500 million via a US initial public offering. Alibaba,
which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has raised
Rs.2,453.2 crore (350 million Swiss Francs) by
selling six-year bonds at a coupon rate of three per cent and maturing in 2020.
This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss
Francs by selling five year bonds at 2.98 % coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost
complete Paradip refinery in Odhisha
in three to four years. The company board is set to consider the setting up of
a 700000 tonne per annum polypropylene plant at an
estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye
Labs-Facebook type deals in the making.
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. Hemal Galiya |
|
Designation : |
Accounts Manger |
|
Contact No.: |
91-9773396697 |
|
Date : |
21.04.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 7, Turbhe, Thane Belapur Road, Navi Mumbai-400 705, Maharashtra,
India |
|
Tel. No.: |
91-22-23648882 / 27681505 |
|
Mobile No.: |
91-9773396697 (Mr. Hemal Galiya) |
|
Fax No.: |
91-22-23633900 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1,000,000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office: |
3A, Shiv Sagar
Estate, Dr. Anne Besant Road, Worli,
Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66227575 |
|
Area: |
4000 Sq. ft. |
|
Location: |
Owned |
DIRECTORS
As on: 24.08.2012
|
Name : |
Mr. Samir Jayantilal
Shah |
|
Designation : |
Director |
|
Address : |
Flat No. 3B, Suvas Apartment, |
|
Date of Birth/Age : |
22.10.1966 |
|
Qualification : |
B.com |
|
Date of Appointment : |
14.03.2007 |
|
PAN No.: |
AAAFS4445H |
|
DIN No.: |
00157396 |
|
|
|
|
Name : |
Mr. Bipin Nemchand
Shah |
|
Designation : |
Managing Director |
|
Address : |
1801, Dev Darshan, 50 Ridge
Road, Teen Batti, Mumbai – 400006, India |
|
Date of Birth/Age : |
07.03.1949 |
|
Qualification : |
BSC Engineering |
|
Date of Appointment : |
16.12.1985 |
|
PAN No.: |
AACPS5406N |
|
DIN No.: |
00083244 |
|
|
|
|
Name : |
Mr. Ketan Lalitkumar
Shah |
|
Designation : |
Director |
|
Address : |
B2/2, Amalfi, 27B, L. D. Ruparel
Marg, Malabar Hill, Mumbai-400006, |
|
Date of Birth/Age : |
26.05.1971 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
07.03.1996 |
|
PAN No.: |
AABPS7803G |
|
DIN No.: |
00083326 |
|
|
|
|
Name : |
Mr. Lalitkumar Popatlal
Shah |
|
Designation : |
Director |
|
Address : |
B2/2, Amalfi, 27/B, L. D. Ruparel Marg, Malabar Hill,
Mumbai-400006, |
|
Date of Birth/Age : |
02.10.1936 |
|
Qualification : |
BSC |
|
Date of Appointment : |
31.03.1998 |
|
PAN No.: |
AABPS7815C |
|
DIN No.: |
00396345 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jayantilal Popatlal Shah |
|
270 |
|
Lalitkumar Popatlal Shah |
|
1200 |
|
Japosha Investments and Traders Private Limited, |
|
4530 |
|
L. P. Shah Holdings and Traders Private Limited, |
|
7500 |
|
Mrudula Jayantilal Shah |
|
900 |
|
Samir Jayantilal Shah |
|
300 |
|
Ketan Lalitkumar Shah |
|
300 |
|
|
|
|
|
Total |
|
15000 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.08.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
80.20 |
|
Directors or relatives of directors |
|
19.80 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bulk Drugs and Micro bars |
|
|
|
|
Exports : |
|
|
Products : |
·
Bulk Drugs |
|
Countries : |
·
USA ·
Australia ·
Philippines
·
Indonesia ·
Malaysia |
|
|
|
|
Imports : |
|
|
Products : |
·
Raw Material |
|
Countries : |
·
Chile ·
Japan ·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
DP/ DA |
|
|
|
|
Purchasing : |
LC/ DP |
GENERAL INFORMATION
|
Suppliers : |
·
Glasco Smith |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
·
B. Panthion FZE, Dubai |
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Bank of India, Worli Naka Branch , Pankaj
Mansion , Opposite Podar Hospital, Dr. A. B. Road ,
Worli Naka, Mumbai – 400018, Maharashtra,
India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Fund and Non fund: Rs.
260.000 Millions (From Bank of India) (Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chokshi and Chokshi
Associates Chartered Accountants |
|
Address : |
15/17, Raghavji B Building, Ground Floor, Raghavi Road, Gowalia Tank, Off
KEMPS Corner, Mumbai-400036, Maharashtra, India |
|
Tel. No.: |
91-22-23836900 |
|
PAN No.: |
AAAFC2633B |
|
|
|
|
Associates : |
· S. Kant Healthcare Limited CIN No.:U24230MH1996PLC098246 · Anuh Pharma Limited CIN No.:L24230MH1960PLC011586 · Eskay Iodine Private Limited · S. K. Age Exports · Eskay Specialty Chemicals |
CAPITAL STRUCTURE
As on: 24.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs. 1.500 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 |
1.500 |
1.500 |
1.500 |
|
(b) Reserves & Surplus |
345.710 |
312.643 |
236.770 |
|
(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) |
347.210 |
314.143 |
238.270 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
1.242 |
1.408 |
2.285 |
|
(d) long-term
provisions |
0.415 |
0.491 |
0.489 |
|
Total Non-current
Liabilities (3) |
1.657 |
1.899 |
2.774 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
77.813 |
0.180 |
5.087 |
|
(b)
Trade payables |
139.596 |
279.038 |
128.578 |
|
(c)
Other current liabilities |
55.597 |
43.231 |
17.362 |
|
(d) Short-term
provisions |
1.755 |
1.744 |
16.755 |
|
Total Current
Liabilities (4) |
274.761 |
324.193 |
167.782 |
|
|
|
|
|
|
TOTAL |
623.628 |
640.235 |
408.826 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
27.425 |
28.771 |
29.537 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.201 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
99.999 |
99.999 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.683 |
0.808 |
0.089 |
|
(d) Long-term Loan and Advances |
29.048 |
20.049 |
29.610 |
|
(e) Other
Non-current assets |
4.209 |
3.815 |
9.900 |
|
Total Non-Current
Assets |
161.364 |
153.442 |
69.337 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
92.307 |
154.762 |
83.706 |
|
(b)
Inventories |
158.713 |
78.822 |
51.728 |
|
(c)
Trade receivables |
119.667 |
154.925 |
133.720 |
|
(d) Cash
and cash equivalents |
40.277 |
47.216 |
45.368 |
|
(e)
Short-term loans and advances |
32.552 |
1.661 |
2.342 |
|
(f)
Other current assets |
18.748 |
49.407 |
22.625 |
|
Total
Current Assets |
462.264 |
486.793 |
339.489 |
|
|
|
|
|
|
TOTAL |
623.628 |
640.235 |
408.826 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
593.992 |
|
|
|
Other Income |
|
|
53.498 |
|
|
|
TOTAL (A) |
1364.334 |
1221.152 |
647.490 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Material Sold |
|
|
3.709 |
|
|
|
Manufacturing Expenses |
|
|
543.690 |
|
|
|
Administrative, Selling and Other Expenses |
|
|
51.580 |
|
|
|
TOTAL (B) |
1312.388 |
1106.505 |
598.979 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Including
depreciation |
Including
depreciation |
48.511 |
|
|
|
|
and financial |
and financial |
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
Expenses |
Expenses |
0.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
48.448 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
4.391 |
|
|
|
|
|
|
|
|
|
|
Prior Period
Expenses |
|
|
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
51.946 |
114.647 |
43.969 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.125 |
37.030 |
14.688 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
34.821 |
77.617 |
29.281 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
500.796 |
777.220 |
- |
|
|
TOTAL EARNINGS |
500.796 |
777.220 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1009.760 |
857.571 |
450.696 |
|
|
TOTAL IMPORTS |
1009.760 |
857.571 |
450.696 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2321.40 |
5174.47 |
1952.07 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
850.000 |
|
|
|
|
|
The above information has been parted by Mr. Hemal
Galiya
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.55 |
6.36 |
4.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00 |
0.00 |
7.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.94 |
21.25 |
10.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.37 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
0.22 |
0.00 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.50 |
2.02 |
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 |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
236.770 |
312.643 |
345.710 |
|
Net
worth |
238.270 |
314.143 |
347.210 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
5.087 |
0.180 |
77.813 |
|
Total
borrowings |
5.087 |
0.180 |
77.813 |
|
Debt/Equity
ratio |
0.021 |
0.001 |
0.224 |
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) |
|
Total Income |
647.490 |
1,221.152 |
1,364.334 |
|
|
|
88.598 |
11.725 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
647.490 |
1,221.152 |
1,364.334 |
|
Profit |
29.281 |
77.617 |
34.821 |
|
|
4.52% |
6.36% |
2.55% |
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 |
Yes |
|
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 four 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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Other loans and advances |
75.202 |
0.000 |
|
|
|
|
|
Total |
75.202 |
0.000 |
FUTURE OUTLOOK
The Company is deploying its resources in the best possible way to increase business volumes and plans to achieve increased business in the current year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90229344 |
10/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPP. PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI, MAHARASHTRA - 400018, INDIA |
B41622556 |
|
2 |
90232085 |
24/04/1998 |
21,800,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH, M. P. ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
3 |
90229179 |
15/03/1997 |
2,000,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH, M. P. ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
4 |
90228531 |
10/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPP. PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI, MAHARASHTRA - 400018, INDIA |
B41622689 |
|
5 |
90226868 |
09/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPP. PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI, MAHARASHTRA - 400018, INDIA |
B41048943 |
|
6 |
90227838 |
10/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPP. PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI, MAHARASHTRA - 400018, INDIA |
B41622713 |
* Date of charge modification
Fixed Assets
·
Office Premises
·
·
Plant and Machinery
·
Laboratory and Research
Equipment
·
Material Storage and Handling
Equipment’s
·
Electrical Installation
·
Furniture and fixture
·
Office Equipment
·
Vehicle
·
Motor Car
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. 60.71 |
|
|
1 |
Rs. 102.04 |
|
Euro |
1 |
Rs. 83.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.