MIRA INFORM REPORT
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Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
UMANG PHARMATECH PRIVATE LIMITED |
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Registered
Office : |
Flat No.34, 3rd Floor, B-2, Windermere, Off. New |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.05.1992 |
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Com. Reg. No.: |
11-066815 |
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Capital
Investment / Paid-up Capital : |
Rs. 30.100 Millions |
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CIN No.: [Company Identification
No.] |
U29297MH1992PTC066815 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Pharmaceutical Machinery, Health Products, Cosmetics
etc. |
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No. of Employees
: |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 319000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its latest financial of
2014 with the Government Department. As per available financial of 2013, financial position of the company
seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Umang Budhraja |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9867236594 |
|
Date : |
13.12.2014 |
LOCATIONS
|
Registered / Head Office : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-30018900 / 30018915-98 |
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Fax No.: |
91-22-40106464 / 30018908/ 30018907 |
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E-Mail : |
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Website : |
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Factory 1 : |
Survey No. 146, H.No.1 (PT), Vasai Phata Highway Junction, Pelhar, NH8, Vasai (East) - 401208, Maharashtra, India |
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Tel. No.: |
91-250-6521601-08 |
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E-mail: |
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Factory 2 : |
Plot No. 23, Golani Complex, Opposite Agrwal Hospital, Valiv, Vasai Road (East), Thane - 401208, Maharashtra, India |
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Tel. No.: |
91-250-2453795/ 2454467/ 2456482 |
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Fax No.: |
91-250-2453795/ 2454467/ 2456482 |
DIRECTORS
AS ON 05.09.2013
|
Name : |
Mr. Rajkumar Jagdeepsingh Budhraja |
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Designation : |
Managing director |
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Address : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off
New |
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Date of Birth/Age : |
12.12.1946 |
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Qualification : |
B. E |
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Date of Appointment : |
18.05.1992 |
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DIN No.: |
01847459 |
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Name : |
Mrs. Renu Rajkumar Budhraja |
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Designation : |
Director |
|
Address : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off
New |
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Date of Birth/Age : |
05.03.1954 |
|
Date of Appointment : |
18.05.1992 |
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DIN No.: |
01114263 |
KEY EXECUTIVES
|
Name : |
Mr. Umang Budhraja |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rajkumar Budhraja |
140000 |
46.51 |
|
Renu Rajkumar Budhraja |
140000 |
46.51 |
|
Priya Komal Narang |
7000 |
2.33 |
|
Umang Rajkumar Budhraja |
7000 |
2.33 |
|
Payal Rajkumar Budhraja |
7000 |
2.33 |
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Total |
301000 |
100.00 |
AS ON 05.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Pharmaceutical Machinery, Health Products, Cosmetics
etc. |
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Products/ Services : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Beackon Logistics Private Limited · CNC Servicing and Solutions (India) Private Limited · Elrich Placements · Janish Pharma Private Limited · M. D. Enterprises · Reliance Energy · Unique Services · Universal Enterprises |
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Customers : |
· Cian Healthcare Private Limited · Cyber Pack Private Limited · Greens International · ITC Limited · Madhav Enterprises · Perfect Industries · Saftab Life Sciences |
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No. of Employees : |
Not Available [We tried to
confirm the number of employees but no one is ready to part any information from
the company management] |
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Bankers : |
· Bassein Catholic Co-Operative Bank Limited Manickpur Branch, Lawrance Shopping Centre, Manickpur, Vasai (West), Mumbai - 401207, Maharashtra, India · Axis Bank Limited · Bank of Maharashtra ·
State
Bank of India ·
UCO
Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Pankaj A Shah and Company Chartered Accountants |
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Address : |
3/1225-L, Nanjivan Commercial Premises Society Limited, Lamington
Road, Mumbai – 400008, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ABEPS6263J |
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Subsidiary Company : |
Caleva Process Solutions Limited (UK) |
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Associate : |
R.R. Enterprises |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
1,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
301,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.100 Millions |
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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 |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
30.100 |
30.100 |
30.100 |
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(b) Reserves & Surplus |
81.660 |
65.880 |
53.985 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
111.760 |
95.980 |
84.085 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
56.271 |
67.485 |
75.916 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
56.271 |
67.485 |
75.916 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
10.260 |
9.803 |
16.300 |
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(b)
Trade payables |
25.717 |
16.552 |
21.817 |
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(c)
Other current liabilities |
4.098 |
2.600 |
2.243 |
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(d)
Short-term provisions |
5.176 |
3.174 |
8.401 |
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Total
Current Liabilities (4) |
45.251 |
32.129 |
48.761 |
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TOTAL |
213.282 |
195.594 |
208.762 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
91.658 |
89.713 |
100.314 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
42.043 |
42.043 |
42.043 |
|
(c) Deferred tax assets
(net) |
0.970 |
0.815 |
0.382 |
|
(d) Long-term Loan
and Advances |
2.498 |
3.306 |
5.961 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
137.169 |
135.877 |
148.700 |
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
35.331 |
28.607 |
32.198 |
|
(c)
Trade receivables |
31.496 |
22.546 |
20.025 |
|
(d)
Cash and cash equivalents |
0.556 |
1.027 |
1.271 |
|
(e)
Short-term loans and advances |
8.356 |
5.759 |
6.382 |
|
(f)
Other current assets |
0.374 |
1.778 |
0.186 |
|
Total
Current Assets |
76.113 |
59.717 |
60.062 |
|
|
|
|
|
|
TOTAL |
213.282 |
195.594 |
208.762 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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|
SALES |
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|
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TOTAL (A) |
115.319 |
113.025 |
187.199 |
|
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Less |
EXPENSES |
|
|
|
|
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|
TOTAL (B) |
|
73.940 |
129.749 |
|
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|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including
Financial and Depreciation Expenses] |
39.085 |
57.450 |
|
|
|
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|
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|
Less |
FINANCIAL
EXPENSES (D) |
|
10.024 |
10.545 |
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
29.061 |
46.905 |
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
12.064 |
13.100 |
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|
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|
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|
PROFIT BEFORE
TAX (E-F) (G) |
22.226 |
16.997 |
33.805 |
|
|
|
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|
|
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|
Less |
TAX (H) |
6.447 |
4.925 |
11.964 |
|
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|
|
PROFIT AFTER TAX
(G-H) (I) |
15.779 |
12.072 |
21.841 |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
76.595 |
45.630 |
59.803 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
5.944 |
1.664 |
5.249 |
|
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|
|
|
|
|
|
Earnings Per
Share (Rs.) |
52.42 |
40.11 |
72.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.05 |
11.13 |
20.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.18 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60 |
0.81 |
1.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.86 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
30.100 |
30.100 |
30.100 |
|
Reserves & Surplus |
53.985 |
65.880 |
81.660 |
|
Net
worth |
84.085 |
95.980 |
111.760 |
|
|
|
|
|
|
Long-term borrowings |
75.916 |
67.485 |
56.271 |
|
Short term borrowings |
16.300 |
9.803 |
10.260 |
|
Total
borrowings |
92.216 |
77.288 |
66.531 |
|
Debt/Equity ratio |
1.097 |
0.805 |
0.595 |
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 |
187.199 |
113.025 |
115.319 |
|
|
|
(39.623) |
2.030 |
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 |
187.199 |
113.025 |
115.319 |
|
Profit |
21.841 |
12.072 |
15.779 |
|
|
11.67% |
10.68% |
13.68% |
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 |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
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 |
10342849 |
13/03/2012 |
7,500,000.00 |
THE BASSEIN
CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR
BRANCH, 1ST FLLOOR, LAWRENCE SHOPPING CENTER, VASAI (WEST), THANE, MAHARASHTRA
- 401207, INDIA |
B35312057 |
|
2 |
10088488 |
21/02/2010 * |
30,000,000.00 |
THE BASSEIN
CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR
BRANCH, LAWRANCE SHOPPING CENTRE, MANICKPUR, VASAI (WEST), MUMBAI,
MAHARASHTRA -401207, INDIA |
A80867963 |
|
3 |
10063550 |
09/08/2007 |
5,700,000.00 |
THE BASSEIN
CATHOLIC CO-OPERATIVE BANK LIMITED |
NAVGAR MANICKPUR
VASAI (W), VASAI, MAHARASHTRA - 401202, INDIA |
A21127477 |
|
4 |
10143294 |
08/06/2007 |
110,000,000.00 |
THE BASSEIN CATHOLIC
CO-OPERATIVE BANK LIMITED |
MANIKPUR BRANCH,
VASAI, MUMBAI, MAHARASHTRA - 401201, INDIA |
A39839923 |
|
5 |
10056527 |
30/04/2007 |
4,000,000.00 |
THE BASSEIN
CATHOLIC CO-OPERATIVE BANK LIMITED |
MANIKPUR BRANCH,
VASAI, THANE, MAHARASHTRA - 401207, INDIA |
A15826613 |
|
6 |
10035598 |
14/12/2006 |
18,700,000.00 |
THE BASSEIN
CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR
BRANCH, VASAI, THANE, MAHARASHTRA - 401202, INDIA |
A09303058 |
|
7 |
80044274 |
06/01/2013 * |
70,544,000.00 |
THE BASSEIN
CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR
BRANCH, 1ST FLOOR, LAWRENCE SHOPPING, CENTER, MANICKPUR, VASAI (WEST),
VASAI, MAHARASHTRA - 401202, INDIA |
B66122433 |
|
8 |
90164013 |
29/03/2000 |
500,000.00 |
SYNDICATE BANK |
VARLI BRANCH,
VASAI, THANE, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits |
15.050 |
15.000 |
|
Loans and Advances from related parties |
2.281 |
6.056 |
|
|
|
|
|
Total |
17.331 |
21.056 |
CORPORATE
INFORMATION
Subject is a private limited company domiciled in India and is incorporated
under Indian Companies Act, 1956. The Company is engaged in the manufacture of
Pharmaceutical Machinery, Health Products, Cosmetics etc.
FIXED ASSETS:
· Land
· Building
· Furniture and Fixture
· Plant and Machinery
· Electrical Installation
· Laboratory Equipment
· Office Equipments
· Computer
· Vehicles
· Air Conditioner
· Fax Machine
· Fire Safety Equipment
· Dies Moulds
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. 62.44 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.