MIRA
INFORM REPORT
|
Report Date : |
18.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOSCH LABS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 404 to 406, IVth Floor, Vijay Sai Towers, Opposite
BJP Office, Kukatpally, Hyderabad – 500 072, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.08.2001 |
|
|
|
|
Com. Reg. No.: |
01-037086 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.333 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231AP2001PTC037086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDN00704E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN2833Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Bulk Drugs and Intermediates. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4280000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. The company is performing well. Financial position of the company’s appears good. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
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. Prithuiraj |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-40-23154400 |
|
Date : |
17.01.2014 |
LOCATIONS
|
Registered Office : |
Flat No. 404 to 406, IVth Floor, “Vijay Sai Towers”,
Opposite BJP Office, Kukatpally, Hyderabad – 500 072, Andhra Pradesh |
|
Tel. No.: |
91-40-23154400/ 01/02/03 (5 lines) |
|
Fax No.: |
91-40-23154405 / 2315 4406 |
|
E-Mail : |
dodda@noschlabs.net |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Flat No. 201 and 202, Bhanu Enclave, 7-1-638 to 643/1, Sunder Nagar,
Erragadda, |
|
Tel. No.: |
91- 40-23818065 / 23704075 / 23818059 / 23818068/ 23701740 |
|
Fax No.: |
91-40-23818059 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
5-5-35/33/3, Prashanthi Nagar,
IDA, Kukatpally, |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
Survey No.14, IDA Gadda Potharam Village, Kazipally Jinnaram, Medak
District - 500319, Andhra Pradesh, India |
|
Location : |
Owned |
|
|
|
|
Factory 3: |
D. Nagaram Village, Choutuppal Mandal, Nalgonda District – 508252, Andhra Pradesh, India |
|
|
|
|
Factory 4: |
Veliminedu Village, Chityal Mandal, Nalgonda District -
508114 Andhra Pradesh, India |
DIRECTORS
As on 16.09.2013
|
Name : |
Dr. Satyanarayana Reddy Bhimireddy |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 12, Srinivasa Nagar Medical Society, Water Tank Lane, Kukatpally, Hyderabad, Rangareddy – 500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.01.1964 |
|
Qualification : |
P.H.D |
|
Date of Appointment : |
01.10.2001 |
|
DIN No.: |
00008173 |
|
PAN No.: |
AMFPS7565P |
|
|
|
|
Name : |
Mr. Reddy Rajasekhar Tummuru |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.: 637, 1st Floor, Vivekanada Nagar, Rangareddy, Hyderabad – 500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
19.02.1973 |
|
Date of Appointment : |
01.10.2001 |
|
DIN No.: |
00008266 |
|
PAN No.: |
ACWPT1601Q |
|
|
|
|
Name : |
Mr. Veera Venkata Satyanarayana Reddy Dodda |
|
Designation : |
Whole Time Director |
|
Address : |
7-1-643, Flat No. 301, Lassy, A / Pujithaapts, Sunder Nagar, Hyderabad – 500038, Rangareddy , Andhra Pradesh, India |
|
Date of Birth/Age : |
10.06.1971 |
|
Date of Appointment : |
01.10.2001 |
|
DIN No.: |
00008220 |
|
PAN No.: |
AEAPD0743F |
|
|
|
|
Name : |
Mr. Gustavo Daniel Lorenzo Pelizzari |
|
Designation : |
Director |
|
Address : |
Calle Costa Brava, 24, Madrid – 28034, Spain |
|
Date of Birth/Age : |
07.09.1972 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
00104930 |
|
|
|
|
Name : |
Ms. Isabel Alcalde Giraudo, Foreigner |
|
Designation : |
Director |
|
Address : |
Calle Nueva 16, Las Rozas, Madrid – 28231, Spain |
|
Date of Birth/Age : |
07.08.1969 |
|
Date of Appointment : |
22.06.2006 |
|
DIN No.: |
00105072 |
KEY EXECUTIVES
|
Name : |
Mr. Prithuiraj |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bhimireddy Satyanara |
|
261000 |
|
Tummuru Rajasekhrreddy |
|
99750 |
|
Dodda Veera Venkata Satypanrayana Reddy |
|
131250 |
|
Bhimireddy Vijayalakshmi |
|
45000 |
|
Bhimireddy Goutham Reddy |
|
15000 |
|
Bhimireddy Vivek Reddy |
|
15000 |
|
Tummuru Sridevi |
|
30000 |
|
Tummuru Radhadevi |
|
33750 |
|
Tummuru Vekatarami |
|
30000 |
|
Tummuru Avinash Reddy |
|
15000 |
|
Doda Madhavi |
|
33750 |
|
Doda Vijaya Spandana |
|
29500 |
|
Appala Ramprasad |
|
8000 |
|
Mandapati Satyanarayan A Reddy |
|
16000 |
|
Doda Vijaya Samhita |
|
19250 |
|
Gali Pradeep Chowdhury |
|
1500 |
|
Cheennareddy Sasidhar |
|
750 |
|
Tummuru Hamsathi |
|
15500 |
|
|
|
533333 |
|
TOTAL |
|
1333333 |
As on 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
40.00 |
|
Directors or relatives of Directors |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Bulk Drugs and Intermediates. |
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Products : |
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Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
·
Spain ·
Netherland |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
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|
Countries : |
European Countries |
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|
|
|
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|
Terms : |
|
||||
|
Selling : |
Credit / Depend |
||||
|
|
|
||||
|
Purchasing : |
Credit / Depend |
PRODUCTION STATUS
|
Particulars |
Units |
31.03.2012 |
|
|
|
|
|
Bulk Drugs and Intermediates |
Kgs. |
2,81,207.99 |
|
Formulations (i.e., Capsules) |
Nos. |
1,44,30,500.00 |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
Not Divulged |
||||||||||||
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|
|
||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· Axis Bank Limited, Begumpet Branch, 6-3-879/B, Greenlands Road, Begumpet, Hyderabad, Andhra Pradesh, India ·
Axis Bank Limited, Credit Management Centre,
5-2-183/184, 8751 (Old), 3rd Floor, R.P Road, Secundrabad –
500003, Andhra Pradesh, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
P S Chartered Accountants |
|
Address : |
Flat No. 205, Second Floor, B-Block, |
|
Tel. No.: |
91-40-23320558/23393381 |
|
Fax No.: |
91-40-23393381 |
|
E-Mail : |
|
|
PAN No.: |
AACFP1611J |
|
|
|
|
Associate : |
· Chemo Espania S.L. · Laboratories Liconsa S.A. · Quimica Sintetica S.A. · Chem-East Limited · Zhejiang gold pharma company Limited · Chemo Iberica · Romikin S.A. ·
Chemissentia SRL |
CAPITAL STRUCTURE
As on 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1333333 |
Equity Shares |
Rs.10/- each |
Rs.13.333
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 |
13.333 |
13.333 |
13.333 |
|
(b) Reserves & Surplus |
1057.155 |
901.147 |
784.302 |
|
(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) |
1070.488 |
914.480 |
797.635 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
62.054 |
52.957 |
35.642 |
|
(c) Other long term liabilities |
3.681 |
3.490 |
0.000 |
|
(d) long-term provisions |
3.641 |
3.183 |
2.801 |
|
Total Non-current Liabilities (3) |
69.376 |
59.630 |
38.443 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
26.635 |
43.476 |
70.562 |
|
(b) Trade payables |
159.371 |
127.379 |
217.598 |
|
(c) Other current
liabilities |
43.197 |
41.288 |
0.000 |
|
(d) Short-term provisions |
196.275 |
111.046 |
118.180 |
|
Total Current Liabilities (4) |
425.478 |
323.189 |
406.340 |
|
|
|
|
|
|
TOTAL |
1565.342 |
1297.299 |
1242.418 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
569.457 |
569.288 |
410.400 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
25.919 |
2.913 |
114.264 |
|
(iv)
Intangible assets under development |
1.083 |
0.859 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
6.842 |
11.029 |
5.165 |
|
Total Non-Current Assets |
603.301 |
584.089 |
529.829 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
411.816 |
267.502 |
261.394 |
|
(c) Trade receivables |
288.720 |
317.889 |
306.563 |
|
(d) Cash and cash
equivalents |
123.487 |
42.602 |
39.144 |
|
(e) Short-term loans and
advances |
10.485 |
3.775 |
8.789 |
|
(f) Other current assets |
127.533 |
81.442 |
96.699 |
|
Total Current Assets |
962.041 |
713.210 |
712.589 |
|
|
|
|
|
|
TOTAL |
1565.342 |
1297.299 |
1242.418 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1189.112 |
1200.238 |
|
|
|
Other Income |
|
29.826 |
35.715 |
|
|
|
TOTAL (A) |
1551.482 |
1218.938 |
1235.953 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
632.266 |
730.100 |
|
|
|
Purchase of Stock-in-Trade |
|
30.818 |
19.243 |
|
|
|
Manufacturing Expenses |
|
121.973 |
112.848 |
|
|
|
Employee Benefits Expenses |
|
50.431 |
38.276 |
|
|
|
Administrative Expenses |
|
29.093 |
21.383 |
|
|
|
Selling and Distribution Expenses |
1150.744 |
49.628 |
60.255 |
|
|
|
Remuneration to Directors |
|
18.984 |
18.330 |
|
|
|
Increase/(Decrease) in Finished Goods |
|
4.447 |
(75.275) |
|
|
|
Exceptional Items - Excess / (Short) provision for taxes |
|
0.000 |
0.068 |
|
|
|
TOTAL (B) |
1150.744 |
937.640 |
925.228 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
400.738 |
281.298 |
310.725 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.741 |
9.528 |
14.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
392.997 |
271.770 |
296.350 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.618 |
26.564 |
15.498 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
361.379 |
245.206 |
280.852 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
81.400 |
66.374 |
67.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
279.979 |
178.831 |
213.176 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
655.475 |
573.629 |
447.644 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed dividend |
106.667 |
53.333 |
53.333 |
|
|
|
Dividend Tax |
17.304 |
8.652 |
8.858 |
|
|
|
Transfer to General Reserve |
30.000 |
25.000 |
25.000 |
|
|
BALANCE CARRIED
TO THE B/S |
791.483 |
665.475 |
573.629 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
1294.476 |
910.964 |
985.395 |
|
|
|
Other Earnings |
2.211 |
0.847 |
0.737 |
|
|
TOTAL EARNINGS |
1296.687 |
911.811 |
986.132 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
178.038 |
85.818 |
122.754 |
|
|
|
Stores & Spares |
0.162 |
1.150 |
10.087 |
|
|
|
Capital Goods |
3.638 |
7.444 |
5.858 |
|
|
TOTAL IMPORTS |
181.838 |
94.412 |
138.699 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
209.98 |
134.12 |
159.88 |
|
Expected Sales (2013-14) : Rs.1750.000 Millions
The above information has been parted by Mr. Prithuiraj.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
18.05
|
14.67
|
17.25
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
20.62
|
23.40
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.49
|
18.96
|
24.89
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.27
|
0.35
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02
|
0.05
|
0.09
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26
|
2.21
|
1.75
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The Registered office of the company has been shifted from
Flat No. 201 and 202, Bhanu Enclave, Sunder Nagar, Erragadda, Hyderabad-38,
REVIEW OF THE
BUSINESS
During the year, The Company has achieved a Net Sales and Other Income of Rs. 1551.482 Millions as against Rs. 1218.938 Millions in the previous year and earned a net profit of Rs. 279.979 Millions (Previous Year Rs.178.831 Millions) after providing Income Tax and Deferred Tax of Rs. 81.401 Millions (Previous Year Rs. 66.376 Millions).
The Directors are confident of achieving better results in the years to come. The Board of Directors are of the opinion that the present and future market scenario of the Pharma Sector is extremely good and proposes to expand in manufacturing and marketing facilities of the company.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90117951 |
21/06/2004 |
4,500,000.00 |
AXIS BANK |
BEGUMPET BRANCH 6-3-879/B; GREENLANDS ROAD, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
- |
|
2 |
90119122 |
15/04/2002 |
280,000.00 |
CENTURIAN BANK LIMITED 94 |
MINERVA COMPLEX F-416 IVTH FLOOR, SAROJNI DEVI ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
- |
|
3 |
80013575 |
25/03/2013 * |
225,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH,, 6-3-879/B, G PULLAREDDY BLDG,GREENLANDS, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
B73210916 |
* Date of charge modification
FIXED ASSETS
· Land
·
· Plant and Machinery
· Lab Equipment
· Office Equipment
· Electrical Equipment
· Furniture and Fixtures
· EDP Equipment
· Vehicles
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.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.