MIRA INFORM REPORT
|
Report Date : |
18.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
S ZHAVERI PHARMAKEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
308/310, Shiv Smriti Chambers, 49, Dr. Annie Besant Road, Worli,
Mumbai – 400018, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-153790 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.606 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397MH2005PTC153790 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
They are indenting House, Contractor and Manufacturing of Pharma
Products. |
|
|
|
|
No. of Employees
: |
96 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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. The company has achieved decent profitability from its operational
activities during the financial year 2013. Liquidity position reported as
sound. Trade relation are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing 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.
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. Hemang Shah |
|
Designation : |
Finance Manager |
|
Contact No.: |
91- 9867522655 |
|
Date : |
13.02.2014 |
LOCATIONS
|
Registered Office : |
308/310, Shiv Smriti Chambers, 49, Dr. Annie Besant Road, Worli,
Mumbai – 400018, Maharashtra |
|
Tel. No.: |
91-22-43676666 / 66607756 |
|
Mobile No.: |
91-9867522655 (Mr. Hemang Shah) |
|
Fax No.: |
91-22-66607758 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
B -10 and 10-1, Dombivali MIDC, Phase – I, Kalyan, Shil Phta Road,
Dombivali – 421203, Maharashtra, India |
|
Tel. No.: |
91-251-3918000 |
|
Area : |
48000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Uma Rajan Javeri |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1002, Jaywant Tower Chs Ltd.Tardeo Road,Tardeo,Mumbai-400034,
Maharashtra |
||||||||||||||||||||||||||||||||||||
|
Date Of Birth/Age : |
29.05.1957 |
||||||||||||||||||||||||||||||||||||
|
Date Of Appointment : |
06.06.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00140841 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Suhagi Dhaval Parikh |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1002, Jaywant Tower Chs Ltd.Tardeo Road,Tardeo, Mumbai-400034,
Maharashtra |
||||||||||||||||||||||||||||||||||||
|
Date Of Birth/Age : |
15.10.1981 |
||||||||||||||||||||||||||||||||||||
|
Date Of Appointment : |
06.06.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00140949 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Josef Otto Rettenmaier |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Holzmuhle, 6, Rosenberg,73494,Germany |
||||||||||||||||||||||||||||||||||||
|
Date Of Birth/Age : |
22.01.1961 |
||||||||||||||||||||||||||||||||||||
|
Date Of Appointment : |
04.02.2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02095744 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Heinrich Ernst Wilhelm Petersen |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Lessing Str,2, 73486, Adelmannsfelden, Adelmannsfelden, 73486,Germany |
||||||||||||||||||||||||||||||||||||
|
Date Of Birth/Age : |
09.09.1949 |
||||||||||||||||||||||||||||||||||||
|
Date Of Appointment : |
04.02.2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02166885 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Hemang Shah |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Name
Of Equity Shareholders |
No.
Of Shares |
|
Uma R. Javeri |
48325 |
|
Saloni |
5100 |
|
Suhagi Dhaval
Parikh |
5100 |
|
Gmbh Asiaholding
Retten Maier |
80275 |
|
Total |
138800 |
|
Name
Of Preference Shareholders |
No.
Of Shares |
|
Uma R. Javeri |
21420 |
|
Saloni |
165 |
|
Suhagi Dhaval
Parikh |
165 |
|
Total |
21750 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
57.84 |
|
Directors or relatives of Directors |
42.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They are indenting House, Contractor and Manufacturing of Pharma
Products. |
|
|
|
|
Brand Name: |
JRS Pharma |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Pharma Products |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Row Martial |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Evanik Industries – Germany |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Sunpharma Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
96 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Fund and Non Fund = Rs.50.000 Millions [From Standard Chartered Bank]
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinay H Panjabi and Associates (Chartered Accountants) |
|
Address : |
206, Dalamal Chamber, New Marine Lines, Mumbai – 400020, Maharashtra ,
India |
|
PAN No.: |
AABPP1697J |
|
|
|
|
Group Company: |
Rittenmaier India Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000 |
Equity Shares |
Rs. 10/- Each |
Rs.2.700 Million |
|
30000 |
Preference Shares |
Rs. 100/- Each |
Rs.0.300 Million |
|
|
Total
|
|
Rs.3.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
138800 |
Equity Shares |
Rs. 10/- Each |
Rs.1.388 Million |
|
21750 |
Preference Shares |
Rs. 100/- Each |
Rs.0.218 Million |
|
|
Total
|
|
Rs.1.606 Million
|
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 |
1.606 |
0.869 |
0.869 |
|
(b) Reserves & Surplus |
329.330 |
175.237 |
160.503 |
|
(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) |
330.936 |
176.106 |
161.372 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
68.743 |
85.076 |
56.691 |
|
(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 |
|
Total
Non-current Liabilities (3) |
68.743 |
85.076 |
56.691 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
98.134 |
69.744 |
66.809 |
|
(c) Other current liabilities |
5.008 |
4.387 |
1.285 |
|
(d) Short-term provisions |
7.745 |
7.256 |
11.991 |
|
Total
Current Liabilities (4) |
110.887 |
81.387 |
80.085 |
|
|
|
|
|
|
TOTAL |
510.566 |
342.569 |
298.148 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
239.478 |
136.083 |
128.302 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
2.836 |
3.861 |
5.074 |
|
(d) Long-term Loan and Advances |
1.011 |
1.118 |
1.099 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
243.325 |
141.062 |
134.475 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
5.433 |
5.643 |
30.966 |
|
(b) Inventories |
83.783 |
44.715 |
38.185 |
|
(c) Trade receivables |
143.726 |
112.272 |
72.689 |
|
(d) Cash and cash equivalents |
14.977 |
22.749 |
4.519 |
|
(e) Short-term loans and
advances |
10.297 |
4.269 |
2.912 |
|
(f) Other current assets |
9.025 |
11.859 |
14.402 |
|
Total
Current Assets |
267.241 |
201.507 |
163.673 |
|
|
|
|
|
|
TOTAL |
510.566 |
342.569 |
298.148 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenu from Operations |
505.355 |
424.056 |
338.732 |
|
|
Other Income |
4.464 |
2.546 |
1.469 |
|
|
TOTAL
(A) |
509.819 |
426.602 |
340.201 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
371.815 |
299.066 |
231.471 |
|
|
Selling, General and Administration
Expenses |
35.660 |
29.776 |
25.786 |
|
|
Research and Development
Expenses |
6.858 |
7.816 |
6.215 |
|
|
Employees benefits expense |
46.732 |
40.324 |
32.791 |
|
|
TOTAL
(B) |
461.065 |
376.982 |
296.263 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
48.754 |
49.620 |
43.938 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.560 |
12.109 |
5.602 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
41.194 |
37.511 |
38.336 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
17.655 |
15.004 |
4.096 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
23.539 |
22.507 |
34.240 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
8.173 |
7.773 |
6.241 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
15.366 |
14.734 |
27.999 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
77.342 |
NIL |
NIL |
|
|
TOTAL
EARNINGS |
77.342 |
NIL |
NIL |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
324.872 |
NA |
NA |
|
|
TOTAL
IMPORTS |
324.872 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.10/- Each) |
110.710 |
169.440 |
321.980 |
Expected Sales (2013-14): Rs. 650.000 Millions
The above information has been parted by Mr. Hemang Shah (Finance
Manager.)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.01 |
3.45 |
8.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.66 |
5.31 |
10.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.53 |
2.14 |
4.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.12 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.35 |
0.48 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.41 |
2.47 |
2.04 |
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 |
0.869 |
0.869 |
1.606 |
|
Reserves & Surplus |
160.503 |
175.237 |
329.330 |
|
Net
worth |
161.372 |
176.106 |
330.936 |
|
|
|
|
|
|
long-term borrowings |
56.691 |
85.076 |
68.743 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
56.691 |
85.076 |
68.743 |
|
Debt/Equity
ratio |
0.351 |
0.483 |
0.208 |
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 |
338.732 |
424.056 |
505.355 |
|
|
|
25.189 |
19.172 |
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 |
338.732 |
424.056 |
505.355 |
|
Profit |
27.999 |
14.734 |
15.366 |
|
|
8.27% |
3.47% |
3.04% |
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 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 |
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 LOAN
|
Particular |
31.03.2013 (Rs.
in Millions |
31.03.2012 (Rs.
in Millions) |
|
Long Term Borrowing
|
|
|
|
From Directors, Share Holders |
65.721 |
66.064 |
|
Total |
65.721 |
66.064 |
REGISTERED OFFICE CHANGE:
Registered office of the company has been
shifted from 109 Shiv Smruti Chambers, 49 Dr. Annie Besant Road, Worli,
Mumbai – 400018, Maharashtra, India to the present address
w.e.f.25.02.2012
INDEX OF CHARGE:
|
S.No.
|
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10220470
|
25/05/2010
* |
45,000,000.00
|
Standard
Chartered Bank |
SME
Credit, 23-25, M G Road,, Fort,, Mumbai, Maharashtra - 400001, INDIA |
A87536934
|
|
2 |
90354633
|
31/01/2006
|
6,250,000.00
|
STANDARD
CHARTERED BANK |
SENAPATI
BAPAT MARG, LOWER PAREL, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASEETS:
- Air
Conditioners
- Computers and
Fittings
- Electrical
Fittings
- Furniture
- Mobile
Phone
- Motor Car
- Office
Equipments
- Office
Premises
- Software
- Building
- Consultancy
(Architect)
- Electric Work
- Furniture and
Fixture
- HVAC
- Land
- Plant and
Machinery
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
48 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.