1. Summary Information
|
Country |
India |
||
|
Company Name |
Simplex Pharma Private Limited |
Principal Name 1 |
Mrs. Sheetal Prasad Singh |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Sangeeta Arora |
|
Registration # |
55-085657 |
||
|
Street Address |
B-4/160, Basement, Safdar Jung Enclave, New Delhi – 110029, India |
||
|
Established Date |
07.03.1997 |
SIC Code |
-- |
|
Telephone# |
91-11-26169590/ 26169591 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-41097484 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Generic Drugs |
|
|
# of employees |
150 (Approximately) |
Product Name 2 |
Branded Drugs |
|
Paid up capital |
Rs.25,000,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings-
6.00%, Directors or relatives of directors- 94.00% |
Banking |
Corporation Bank |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
34,080,000 |
Current Liabilities |
45,445,000 |
|
Inventories |
13,645,000 |
Long-term Liabilities |
263,252,000 |
|
Fixed Assets |
278,925,000 |
Other Liabilities |
2,627,000 |
|
Deferred Assets |
37,442,000 |
Total Liabilities |
311,324,000 |
|
Invest& other Assets |
25,720,000 |
Retained Earnings |
53,488,000 |
|
|
|
Net Worth |
78,488,000 |
|
Total Assets |
389,812,000 |
Total Liab. & Equity |
389,812,000 |
|
Total Assets (Previous Year) |
408,746,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
163,682,000 |
Net Profit |
109,184,000 |
|
Sales(Previous yr) |
16,058,000 |
Net Profit(Prev.yr) |
10,557,000 |
MIRA INFORM REPORT
|
Report Date : |
24.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIMPLEX PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-4/160, Basement, Safdar Jung Enclave, New Delhi – 110029 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.03.1997 |
|
|
|
|
Com. Reg. No.: |
55-085657 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33112DL1997PTC085657 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Generic Drugs, Branded Drugs. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 310000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Rating reflects moderate financial risk profile due loss incurred by
the company in the year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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 (General Details)
|
Name : |
Ms. Geeta |
|
Designation : |
Head Administrative |
|
Contact No.: |
91-11-41097483 |
|
Date : |
22.04.2014 |
LOCATIONS
|
Registered Office : |
B-4/160, Basement, Safdar Jung Enclave, New Delhi – 110029, India |
|
Tel. No.: |
91-11-26169590/ 26169591 |
|
Fax No.: |
91-11-41097484 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
1108, Ansal Tower, 38 Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11 41097483 |
|
Fax No.: |
91-11 41097484 |
|
|
|
|
Factory : |
C-7 to C-13 and C-59 to C-67, Sigaddi Growth Centre, Sigaadi-Kotwara –
246149, India |
|
Location : |
Owned |
DIRECTORS
(AS ON 28.09.2013)
|
Name : |
Mrs. Sheetal Prasad Singh |
|
Designation : |
Director |
|
Address : |
B-38, Hill View Apartments, New Delhi –
110047, India |
|
Date of Birth/Age : |
16.08.1960 |
|
Date of Appointment : |
07.03.1997 |
|
DIN No.: |
01030371 |
|
|
|
|
Name : |
Mrs. Sangeeta Arora |
|
Designation : |
Director |
|
Address : |
432,
Tower-II, East of Kailash, New Delhi – 110065, India |
|
Date of Birth/Age : |
05.01.1971 |
|
Date of Appointment : |
01.12.2005 |
|
DIN No.: |
00843042 |
|
|
|
|
Name : |
Mr. Rajesh Arora |
|
Designation : |
Director |
|
Address : |
E-0302,
IInd Floor, East of Kailash, New Delhi – 110019, India |
|
Date of Birth/Age : |
09.03.1970 |
|
Date of Appointment : |
17.03.2010 |
|
DIN No.: |
02958846 |
|
|
|
|
Name : |
Mr. Ajay Kumar Mishra |
|
Designation : |
Director |
|
Address : |
At. Bhagra Road, Baripada, Mayurbhanj 757002, Orissa, India |
|
Date of Birth/Age : |
06.06.1960 |
|
Date of Appointment : |
06.04.2010 |
|
DIN No.: |
02968198 |
|
|
|
|
Name : |
Mr. Bhagwati Prasad Singh |
|
Designation : |
Director |
|
Address : |
Sarai Kalyan, Baruripur, Sultanpur – 228001, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.12.1964 |
|
Date of Appointment : |
25.01.2008 |
|
DIN No.: |
02017348 |
|
|
|
|
Name : |
Mr. Binoy Kumar Mishra |
|
Designation : |
Director |
|
Address : |
Baghra Road, Baripada, Mayurbhanj 757001 Orissa, India |
|
Date of Birth/Age : |
03.01.1969 |
|
Date of Appointment : |
15.02.2010 |
|
DIN No.: |
02920494 |
|
|
|
|
Name : |
Mr. Naresh Santhanam |
|
Designation : |
Director |
|
Address : |
D1/117, Parameshwar Vihar, 28 Arcot Road, Chennai – 600093, Tamilnadu,
India |
|
Date of Birth/Age : |
18.04.1969 |
|
Date of Appointment : |
15.02.2010 |
|
DIN No.: |
02920517 |
|
|
|
|
Name : |
Ms. Sharmila Seshan |
|
Designation : |
Director |
|
Address : |
D1/117, Parameshwar Vihar, 28 Arcot Road, Chennai – 600093, Tamilnadu,
India |
|
Date of Birth/Age : |
10.10.1969 |
|
Date of Appointment : |
15.02.2010 |
|
DIN No.: |
02920534 |
KEY EXECUTIVES
|
Name : |
Ms. Geeta |
|
Designation : |
Head Administrative |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2013)
|
Name of
Shareholders |
No of
Shares |
Percentage |
|
|
|
|
|
Bhagwati Prasad Singh |
575000 |
23.00 |
|
Santhanam Bama |
575000 |
23.00 |
|
Rajesh Arora |
625000 |
25.00 |
|
Ajay Kumar Mishra |
575000 |
23.00 |
|
Baylake Finance SA, Panma City |
150000 |
6.00 |
|
|
|
|
|
Total |
2500000 |
100.00 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
6.00 |
|
Directors or relatives of directors |
|
94.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Generic Drugs, Branded Drugs. |
|
|
|
|
Exports : |
|
|
Products : |
Generic and Branded Drugs |
|
Countries : |
· Russia · Sri Lanka · CIS Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· Korea · China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit and Cheque |
|
|
|
|
Purchasing : |
L/C, Cash, Credit and Cheque |
GENERAL INFORMATION
|
Suppliers : |
· Luohe Champ Growing Trading Company Limited, China · Chief Rambo Limited, China |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
· Zoa “Coral-Mel”, Russia |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Corporation Bank Greater Kailash-2, New Delhi – 110048, India · Canara Bank · Axis Bank · HDFC Bank · Punjab National Bank · State Bank of India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ved Jain and Company Chartered Accountants |
|
Address : |
33, Babar Road, 1st Floor, Bengali Market, New Delhi –
110001, India |
|
Tel No.: |
91-11-23354546/ 23354547 |
|
Fax No.: |
91-11-23354548 |
|
PAN No.: |
AAAFV4841Q |
CAPITAL STRUCTURE
(AS ON 28.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
53.488 |
68.392 |
114.419 |
|
(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) |
78.488 |
93.392 |
139.419 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
257.582 |
251.920 |
272.082 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
2.292 |
|
(d) long-term provisions |
2.627 |
1.479 |
0.836 |
|
Total Non-current
Liabilities (3) |
260.209 |
253.399 |
275.210 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
5.670 |
0.000 |
0.028 |
|
(b) Trade
payables |
8.021 |
13.610 |
19.308 |
|
(c) Other
current liabilities |
37.424 |
48.345 |
18.639 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
51.115 |
61.955 |
37.975 |
|
|
|
|
|
|
TOTAL |
389.812 |
408.746 |
452.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
278.925 |
308.514 |
343.529 |
|
(ii)
Intangible Assets |
0.000 |
30.099 |
0.000 |
|
(iii)
Capital work-in-progress |
25.693 |
0.000 |
37.625 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.027 |
0.027 |
0.027 |
|
(c) Deferred tax assets (net) |
37.442 |
28.760 |
12.259 |
|
(d) Long-term Loan and Advances |
2.632 |
2.812 |
1.793 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.320 |
|
Total Non-Current
Assets |
344.719 |
370.212 |
395.553 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.645 |
7.658 |
10.853 |
|
(c) Trade
receivables |
1.170 |
2.461 |
7.043 |
|
(d) Cash
and cash equivalents |
2.180 |
8.757 |
16.900 |
|
(e)
Short-term loans and advances |
28.070 |
19.644 |
22.224 |
|
(f) Other
current assets |
0.028 |
0.016 |
0.031 |
|
Total
Current Assets |
45.093 |
38.536 |
57.051 |
|
|
|
|
|
|
TOTAL |
389.812 |
408.746 |
452.604 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
163.682 |
109.184 |
56.771 |
|
|
|
Job Work |
16.058 |
10.557 |
0.416 |
|
|
|
Other Income |
NA |
11.129 |
6.476 |
|
|
|
TOTAL (A) |
NA |
130.870 |
63.663 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
NA |
44.589 |
22.440 |
|
|
|
Changes in Inventories of Finished Goods, work in Progress, and Stock
in Progress |
NA |
2.172 |
1.564 |
|
|
|
Employee Benefits Expenses |
NA |
34.477 |
8.142 |
|
|
|
Other Expenses |
NA |
51.936 |
26.514 |
|
|
|
TOTAL (B) |
NA |
133.174 |
58.660 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
(2.304) |
5.003 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
10.125 |
10.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
(12.429) |
(5.011) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
50.099 |
45.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(40.044) |
(62.528) |
(50.468) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(25.140) |
(16.501) |
(15.562) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(14.904) |
(46.027) |
(34.906) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
153.340 |
117.095 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
33.271 |
3.370 |
NA |
|
|
|
Capital Goods |
2.906 |
1.067 |
NA |
|
|
TOTAL IMPORTS |
36.177 |
4.437 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(5.96) |
(18.41) |
(13.96) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
(35.17) |
(54.83) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(24.46)
|
(57.27) |
(88.90) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.26)
|
(16.46) |
(12.53) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.51)
|
(0.67) |
(0.36) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.35
|
2.70 |
1.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88
|
0.62 |
1.50 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
114.419 |
68.392 |
53.488 |
|
Net worth |
139.419 |
93.392 |
78.488 |
|
|
|
|
|
|
long-term borrowings |
272.082 |
251.920 |
257.582 |
|
Short term borrowings |
0.028 |
0.000 |
5.670 |
|
Total borrowings |
272.110 |
251.920 |
263.252 |
|
Debt/Equity ratio |
1.952 |
2.697 |
3.354 |
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 |
56.771 |
109.184 |
163.682 |
|
|
|
92.324 |
49.914 |
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 |
56.771 |
109.184 |
163.682 |
|
Profit |
(34.906) |
(46.027) |
(14.904) |
|
|
(61.49%) |
(42.16%) |
(9.11%) |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Loans from Directors |
15.000 |
183.338 |
|
Loans from shareholders |
220.446 |
42.000 |
|
|
|
|
|
Total |
235.446 |
225.338 |
RESULTS
The Company has incurred a net
loss of Rs.40.044 Millions during the year as against Loss of Rs.62.528
Millions in the previous year on account of higher incidence of depreciation on
company's new plant at Kotdwar, Uttrakhand which started its production in year
2009-10.
WORKING
The company recorded a sale
of Rs.163.682 Millions and Job Work of Rs.16.058 Millions during the year as
against sale of Rs.109.184 Millions and Job Work of Rs.10.557 Millions in the
previous year.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10287786 |
30/05/2013 * |
74,900,000.00 |
CORPORATION BANK |
GREATER KAILASH-2, DELHI
- 110048, INDIA |
B76154582 |
|
2 |
10182336 |
21/10/2009 |
100,000,000.00 |
CORPORATION BANK |
M - 3 & 4, GREATER
KAILASH - II, NEW DELHI, DELHI - 110048, INDIA |
A72318769 |
|
3 |
10181318 |
01/09/2009 |
100,000,000.00 |
CORPORATION BANK |
M - 3 & 4, GREATER KAILASH
- II, NEW DELHI, DELHI - 110048, INDIA |
A71701973 |
* Date of charge modification
FIXED ASSETS:
· Land
· Furniture and Fixtures
· Computer and Accessories
· Motor Cycle
· Water Pump
· Office Equipment
· Filing Cabinet
· Telephone and Fax Machine
· UPS
· Air Conditioner
· Photocopy Machine
· Printer
· Cooler and Fan
· Batch Printing Machine
· Attendance Machine
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.60.34 |
|
|
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.