|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMI LIFESCIENCES PRIVATE LIMITED (w.e.f. 13.06.2006) |
|
|
|
|
Formerly Known
As : |
SUN SCOPE LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Prestige Plaza, 40 Urmi Society, Near Urmi Char
Rasta, Vadodara - 390020, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.03.1994 |
|
|
|
|
Com. Reg. No.: |
04-021470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 83.094
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1994PTC021470 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS05539C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS9549F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Active Pharmaceutical Ingredients. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1095000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
company has weak liquidity position, moderately leveraged capital structure and
also it is susceptible to raw material price and foreign exchange
fluctuations. However, trade relations are reported as fair. Business is active.
Payments are reported to slow but correct. The company can be considered for business dealings with some
cautions. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB+ (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
March 25, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A4+ (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
March 25, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
2nd Floor, Prestige Plaza, 40 Urmi Society, Near Urmi Char
Rasta, Vadodara - 390020, Gujarat, India
|
|
Tel. No.: |
91-265-2323046/ 3052103 |
|
Fax No.: |
91-265-2313523/ 3052104 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
440/5, Road No.82, GIDC Sachin, Surat - 394230, Gujarat, India |
|
|
|
|
Factory 2 : |
6915, GIDC, Behind Lakya Laboratory, Near Mukta Chowkdi, Ankleshwar,
Gujarat, India |
|
|
|
|
Branch Office/ Factory 3 : |
Plot No.82/B, ECP Channel Road, AT & PO. Karakhadi,
District Baroda - 391450, Gujarat, India |
|
|
|
|
Overseas Offices : |
Located at: 19, Cumberland Drive Voorhees, NJ 08043 USA Tel : +1 856 287 2255 Fax : +1 856 751 4535 Dr. Adel Said Brueelrainweg 21 CH-4147 Aesch Switzerland Tel : +41 61 753 9451 Fax : +41 61
753 9450 |
DIRECTORS
AS ON 27.08.2013
|
Name : |
Mr. Girishbhai Limbabhai Chovatia |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-56, Samarpan Society,
Behind Raneshvar Temple, Vasna Road, Vadodara-390015, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABAPC5423A |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00907321 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Shivani Rudreshkumar Trivedi |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-406 Nisarg
Housing Complex, Near Vaccine, Institute, Behind J P Police Station, Diwalipura,
Vadodara-360015, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.11.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABWPT7553Q |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01323471 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Maheshbhai Dhirubhai Kumbhani |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B/22, Oum
Society, Behind Mother School, Gotri Vasna Link Road, Baroda- 390015,
Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.03.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AJNPK7285K |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00803956 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nareshbhai Ramjibhai Patel |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
26, Sai Baba Nagar
Society, Near Fair Station, Katar Gam, Surat - 390004, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1974 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABCPP1222C |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00906232 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Karamshi Devarajbhai Pidhadia |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-206, Sun City,
Manjalpur, Vadodara–390011, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.01.1954 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AGEPP4299A |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02152597 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kalpesh Ravajibhai Patel |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
203, Agman Flat,
11 Sujata Park, Near JP Police Station, Diwalipura, Vadodara-390015, Gujarat,
India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.09.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADEPP3606L |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02289071 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.08.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 27.08.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
26.80 |
|
Directors
or relatives of directors |
69.09 |
|
Others |
4.11 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Active Pharmaceutical Ingredients. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited Vardhaman Complex, Opposite GEB Office, Near Pizza Hut, Race Course (North), Vadodara - 390007, Gujarat, India · CITI Bank N.A. Pelican, 2nd Floor, Opposite Race Course Towers, Gotri Road, Baroda - 390007, Gujarat, India IndusInd Bank Limited Ground Floor & 1st Floor, Gold Croft, Vishwas Colony, Jetalpur Road, Baroda - 390005, Gujarat, India HDFC Bank Limited Kotak Mahindra Bank Limited State Bank of India Dhanlaxmi Bank Limited HSBC Bank Limited UCO Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Financial Institution : |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H Patel and Company Chartered Accountants |
|
Address : |
104, Deepam Residency, 26 Vishwas Colony, Behind Apna
Bazar, Alkapuri, Vadodara - 390005, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACQPP5827Q |
|
|
|
|
Associates : |
· Ami Drugs And Speciality Chemicals Private Limited [U24231GJ2003PTC041913] Ami Organics Private Limited [U24100GJ2007PTC051093] Siddharth Interchem Private Limited
[U24231GJ2002PTC040746] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,551,270 |
Equity Shares |
Rs. 10/- each |
Rs. 95.513
Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,309,350 |
Equity Shares |
Rs. 10/- each |
Rs. 83.094
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 |
83.094 |
68.600 |
50.000 |
|
(b) Reserves & Surplus |
190.646 |
124.230 |
98.866 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.100 |
0.166 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
273.840 |
192.996 |
148.866 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
112.200 |
97.369 |
88.113 |
|
(b) Deferred tax liabilities (Net) |
17.237 |
13.609 |
8.404 |
|
(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) |
129.437 |
110.978 |
96.517 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
224.606 |
173.196 |
145.913 |
|
(b)
Trade payables |
168.038 |
179.424 |
217.623 |
|
(c)
Other current liabilities |
57.851 |
58.494 |
39.450 |
|
(d) Short-term
provisions |
41.828 |
17.861 |
23.542 |
|
Total Current
Liabilities (4) |
492.323 |
428.975 |
426.528 |
|
|
|
|
|
|
TOTAL |
895.600 |
732.949 |
671.911 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
289.302 |
272.702 |
237.573 |
|
(ii)
Intangible Assets |
1.496 |
1.371 |
1.099 |
|
(iii)
Capital work-in-progress |
44.165 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
26.053 |
5.957 |
10.988 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
361.016 |
280.030 |
249.660 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
187.049 |
123.100 |
151.766 |
|
(c)
Trade receivables |
320.043 |
272.858 |
223.779 |
|
(d) Cash
and cash equivalents |
14.158 |
8.544 |
13.419 |
|
(e)
Short-term loans and advances |
1.904 |
34.585 |
19.198 |
|
(f)
Other current assets |
11.430 |
13.832 |
14.089 |
|
Total
Current Assets |
534.584 |
452.919 |
422.251 |
|
|
|
|
|
|
TOTAL |
895.600 |
732.949 |
671.911 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1126.874 |
781.297 |
730.837 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1029.359 |
739.940 |
670.338 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAXATION |
97.515 |
41.357 |
60.499 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL / EXTRA
ORDINATY ITEMS |
0.164 |
1.076 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
97.351 |
40.281 |
60.499 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
30.935 |
14.917 |
15.323 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
66.416 |
25.364 |
45.176 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Export |
312.700 |
6.649 |
93.904 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORT |
8.440 |
203.112 |
177.678 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.99 |
3.70 |
9.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.89
|
3.25 |
6.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.43
|
5.50 |
9.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.21 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.23
|
1.40 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.06 |
0.99 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10448286 |
29/08/2013 |
26,900,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES, DR.
V. B. GANDHI MARG, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B84677533 |
|
2 |
10437520 |
10/06/2013 |
44,000,000.00 |
CITIBANK N. A. |
PELICAN, 2ND
FLOOR, OPP RACE COURSE TOWERS, GOTRI ROAD, BARODA - 390007, GUJARAT, INDIA |
B79906244 |
|
3 |
10424667 |
26/03/2013 |
12,500,000.00 |
INDUSIND BANK
LIMITED |
GROUND FLOOR
& 1ST FLOOR, GOLD CROFT, VISHWAS COLONY, JETALPUR ROAD, BARODA - 390005,
GUJARAT, INDIA |
B74742024 |
|
4 |
10362557 |
31/05/2012 |
12,500,000.00 |
INDUSIND BANK
LIMITED |
GROUND FLOOR
& 1ST FLOOR, GOLD CROFT, VISHWAS COLONY, JETALPUR ROAD, BARODA - 390005, GUJARAT,
INDIA |
B42428169 |
|
5 |
10285679 |
06/04/2011 |
30,000,000.00 |
CITIBANK N. A. |
1ST FLOOR,
PELICAN, OPP. RACE COURSE TOWER, GOTRI ROAD, BARODA - 390007, GUJARAT, INDIA |
B12258752 |
|
6 |
10247289 |
01/04/2013 * |
120,000,000.00 |
CITIBANK N. A. |
1ST FLOOR,
PELICAN, OPP. RACE COURSE TOWER, GOTRI ROAD, BARODA - 390007, GUJARAT, INDIA |
B71994065 |
|
7 |
10204968 |
03/02/2010 |
694,000.00 |
AXIS BANK
LIMITED |
2ND FLOOR,
VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE CIRCLE, VADODARA - 390007, GUJARAT,
INDIA |
A79948063 |
|
8 |
10205710 |
03/02/2010 |
694,000.00 |
AXIS BANK
LIMITED |
2ND FLOOR,
VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE CIRCLE, VADODARA - 390007,
GUJARAT, INDIA |
A80244387 |
|
9 |
10033786 |
22/11/2013 * |
276,200,000.00 |
AXIS BANK
LIMITED |
VARDHAMAN
COMPLEX, OPP GEB OFFICE, NEAR PIZZA HUT, RACE COURSE (NORTH), VADODARA -
390007, GUJARAT, INDIA |
B93227312 |
|
10 |
10033785 |
22/11/2013 * |
276,200,000.00 |
AXIS BANK
LIMITED |
VARDHAMAN COMPLEX,
OPP GEB OFFICE, NEAR PIZZA HUT, RACE COURSE (NORTH), VADODARA - 390007,
GUJARAT, INDIA |
B90584343 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
1.125 |
3.067 |
|
Term loans from others |
52.087 |
57.665 |
|
|
|
|
|
Total |
53.212 |
60.732 |
OPERATION AND
FINANCIAL
The company has achieved turnover of Rs. 1126.800 Millions during the current year compared to Rs. 781.300 Millions in the previous year. The Company has earned a net profit of Rs. 664.100 Millions during the current year.
The directors do not recommend any dividend for the current
year. The company had not accepted any deposit from the public during the year.
FIXED ASSETS:
· Land
Buildings
Office
building
Factory
building
Plant
and equipment
Factory
equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
Computer
software
Know-how
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. 61.94 |
|
|
1 |
Rs. 102.06 |
|
Euro |
1 |
Rs. 84.31 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.